Pension and Other Post-Retirement Benefits

6 Months Ended

Jun. 30, 2016

Pension and Other Post-Retirement Benefits

Note 9. Pension and Other Post-Retirement Benefits

The following tables set forth certain disclosures for the Company’s pension and post-retirement plans for the periods indicated:

	For the Three Months Ended June 30,
	2016						2015
(in thousands)	Pension Benefits			Post-Retirement Benefits			Pension Benefits			Post-Retirement Benefits
Components of net periodic (credit) expense:
Interest cost	$	1,470		$	160		$	1,516		$	175
Service cost		—			1			—			1
Expected return on plan assets		(3,906	)		—			(4,390	)		—
Amortization of prior-service costs		—			(62	)		—			(62	)
Amortization of net actuarial loss		2,262			81			2,052			96
Net periodic (credit) expense	$	(174	)	$	180		$	(822	)	$	210

	For the Six Months Ended June 30,
	2016						2015
(in thousands)	Pension Benefits			Post-Retirement Benefits			Pension Benefits			Post-Retirement Benefits
Components of net periodic (credit) expense:
Interest cost	$	2,940		$	320		$	3,032		$	350
Service cost		—			2			—			2
Expected return on plan assets		(7,812	)		—			(8,780	)		—
Amortization of prior-service costs		—			(124	)		—			(124	)
Amortization of net actuarial loss		4,524			162			4,104			192
Net periodic (credit) expense	$	(348	)	$	360		$	(1,644	)	$	420

The Company expects to contribute $1.3 million to its post-retirement plan to pay premiums and claims for the fiscal year ending December 31, 2016. The Company does not expect to make any contributions to its pension plan in 2016.