Pension and Other Post-Retirement Benefits

6 Months Ended

Jun. 30, 2018

Pension and Other Post-Retirement Benefits

Note 8. 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 June 30,
	2018						2017
				Post-						Post-
	Pension			Retirement			Pension			Retirement
(in thousands)	Benefits			Benefits			Benefits			Benefits
Components of net periodic (credit) expense: (1)
Interest cost		$	1,271		$	128		$	1,404		$	144
Expected return on plan assets			(4,035)			--			(4,073)			--
Amortization of prior-service costs			--			(62)			--			(62)
Amortization of net actuarial loss			1,795			76			2,053			68
Net periodic (credit) expense		$	(969)		$	142		$	(616)		$	150

(1) Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income.

	For the Six Months Ended June 30,
	2018						2017
				Post-						Post-
	Pension			Retirement			Pension			Retirement
(in thousands)	Benefits			Benefits			Benefits			Benefits
Components of net periodic (credit) expense: (1)
Interest cost		$	2,543		$	256		$	2,808		$	288
Expected return on plan assets			(8,071)			--			(8,146)			--
Amortization of prior-service costs			--			(124)			--			(124)
Amortization of net actuarial loss			3,591			153			4,106			136
Net periodic (credit) expense		$	(1,937)		$	285		$	(1,232)		$	300

(1) Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income.

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, 2018. The Company does not expect to make any contributions to its pension plan in 2018.