Pension and Other Post-Retirement Benefits

9 Months Ended

Sep. 30, 2017

Pension and Other Post-Retirement Benefits

Note 9. Pension and Other Post-Retirement Benefits

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

	For the Three Months Ended September 30,
	2017						2016
(in thousands)	Pension Benefits			Post- Retirement Benefits			Pension Benefits			Post- Retirement Benefits
Components of net periodic (credit) expense:
Interest cost	$	1,404		$	144		$	1,470		$	160
Service cost		—			—			—			1
Expected return on plan assets		(4,073	)		—			(3,906	)		—
Amortization of prior-service costs		—			(62	)		—			(62	)
Amortization of net actuarial loss		2,053			68			2,262			81
Net periodic (credit) expense	$	(616	)	$	150		$	(174	)	$	180

	For the Nine Months Ended September 30,
	2017						2016
(in thousands)	Pension Benefits			Post- Retirement Benefits			Pension Benefits			Post- Retirement Benefits
Components of net periodic (credit) expense:
Interest cost	$	4,211		$	433		$	4,411		$	479
Service cost		—			—			—			3
Expected return on plan assets		(12,217	)		—			(11,720	)		—
Amortization of prior-service costs		—			(187	)		—			(187	)
Amortization of net actuarial loss		6,157			206			6,786			245
Net periodic (credit) expense	$	(1,849	)	$	452		$	(523	)	$	540

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, 2017. The Company does not expect to make any contributions to its pension plan in 2017.