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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2012

PENSION AND OTHER POSTRETIREMENT BENEFITS

The year-end status of these plans was as follows (in thousands):

	Pension Benefits						Other Benefits

	2012			2011			2012			2011
Change in projected benefit obligation:
Projected benefit obligation at December 31	$	232,442		$	196,820		$	11,885		$	26,783
Service cost		7,209			10,634			50			476
Interest cost		11,819			11,211			457			1,114
Plan Amendments		—			—			—			(12,218	)
Participant contributions		15			137			—			699
Actuarial loss (gain)		31,551			23,180			(292	)		(2,939	)
Benefits paid		(4,620	)		(4,179	)		433			(2,030	)
Liability gain due to Curtailment		—			(5,361	)		(1,387	)		—

Projected benefit obligation at December 31	$	278,416		$	232,442		$	11,146		$	11,885

Accumulated benefit obligation, December 31	$	271,116		$	226,051		$	—		$	—

Change in plan assets:
Fair value of plan assets at December 31	$	159,231		$	152,015		$	—		$	—
Actual return on plan assets		21,888			1,277			—			—
Employer contributions		16,875			9,981			954			1,331
Participant contributions		15			137			433			699
Benefits paid		(4,620	)		(4,179	)		(1,387	)		(2,030	)

Fair value of plan assets at December 31	$	193,389		$	159,231		$	—		$	—

Funded status	$	(85,027	)	$	(73,211	)	$	(11,146	)	$	(11,885	)

Schedule of assumptions used in computing the benefit obligation

Assumptions used in computing the benefit obligation as of December 31, 2012 and 2011 were as follows:

	Pension Benefits						Other Benefits

	2012			2011			2012			2011
Discount rate		4.30 - 4.40	%		5.10 - 5.15	%		2.25 - 4.25	%		3.40 - 5.05	%
Expected return on plan assets		7.10			7.10			N/A			N/A
Rate of compensation increase		2.50			2.50			N/A			N/A

Schedule of pension plan investments measured at fair value

The following table presents the fair value of the Company's pension plan investments as of December 31, 2012 and 2011 (in thousands).

	Level 1				Total

Equity Securities
U.S. equity securities	$	99,840	—	—	$	99,840
Non-U.S. equity securities		18,565	—	—		18,565
Debt Securities
Fixed income funds and cash investment funds		74,984	—	—		74,984

December 31, 2012	$	193,389	—	—	$	193,389

Equity Securities
U.S. equity securities	$	79,773	—	—	$	79,773
Non-U.S. equity securities		14,282	—	—		14,282
Debt Securities
Fixed income funds and cash investment funds		65,176	—	—		65,176

December 31, 2011	$	159,231	—	—	$	159,231

Schedule of amounts related to the Company's pension plan recognized in consolidated balance sheet

	Pension Benefits						Other Benefits

	2012			2011			2012			2011
	(in thousands)
Amounts recognized in the consolidated balance sheet consist of:
Current liabilities	$	(20,645	)	$	(16,875	)	$	(1,141	)	$	(1,229	)
Noncurrent liabilities		(64,382	)		(56,336	)		(10,005	)		(10,656	)

Net amount recognized	$	(85,027	)	$	(73,211	)	$	(11,146	)	$	(11,885	)

Schedule of amounts related to the Company's pension plan recognized in other comprehensive income

	Pension Benefits				Other Benefits

	2012		2011		2012			2011
	(in thousands)
Amounts recognized in accumulated other comprehensive income before taxes:
Net actuarial loss	$	79,996	$	61,918	$	3,263		$	4,539
Prior service cost (benefit)		25		39		(8,418	)		(11,793	)

Net amount recognized	$	80,021	$	61,957	$	(5,155	)	$	(7,254	)

Schedule of amounts related to other changes in the pension benefit obligation recognized in other comprehensive income

The following table sets forth other changes in the benefit obligation recognized in other comprehensive income for the Company's pension and other postretirement benefits plans (in thousands):

	Pension Benefits						Other Benefits

	2012			2011			2012			2011
Net actuarial (gain)/loss	$	22,187		$	29,546		$	(292	)	$	(2,939	)
Prior service cost/(credit)		—			—			—			(12,218	)
Amortization of:
Prior service cost/(credit)		(14	)		(101	)		3,375			7,268
Actuarial (gain)/loss		(4,108	)		(1,996	)		(983	)		(882	)

Total recognized in OCI	$	18,065		$	27,449		$	2,100		$	(8,771	)

Schedule of components of the net periodic benefit cost

The following table sets forth the components of the net periodic benefit cost for the Company's pension and other postretirement benefits plans (in thousands):

	Pension Benefits									Other Benefits

	2012			2011			2010			2012			2011			2010
Service cost	$	7,209		$	10,634		$	10,401		$	50		$	476		$	452
Interest cost		11,819			11,211			10,811			457			1,114			1,481
Expected return on plan assets		(12,523	)		(13,008	)		(11,671	)		—			—			—
Amortization of prior service cost		14			32			61			(3,375	)		(1,754	)		(1,205	)
Recognized actuarial loss		4,108			1,996			1,058			983			882			553
Curtailment (benefit) expense		—			69			—			—			(5,514	)		(338	)

Net periodic benefit cost	$	10,627		$	10,934		$	10,660		$	(1,885	)	$	(4,796	)	$	943

Schedule of assumptions used to determine net periodic benefit cost

Assumptions used to determine net periodic benefit cost for the years ended December 31, 2012, 2011, and 2010 were as follows:

	Pension Benefits									Other Benefits

	2012			2011			2010			2012			2011			2010
Discount rate		5.10 - 5.15	%		4.95 - 5.75	%		6.10	%		3.40 - 5.05	%		3.50 - 4.65	%		6.10	%
Expected return on plan assets		7.10			8.20			8.15			N/A			N/A			N/A
Rate of compensation increase		2.50			2.50			4.00			N/A			N/A			N/A

Schedule of weighted-average asset allocations by asset category

	Plan Assets at December 31,

	2012			2011
*Asset Category:*
Temporary investment funds		3	%		4	%
Equity investment funds		61			59
Fixed income funds		36			37

Total		100	%		100	%

Estimated future benefit payments under our pension and other postretirement plans

	Pension Benefits		Other Benefits

	(in thousands)
2013	$	6,124	$	1,141
2014		7,134		1,224
2015		8,252		1,212
2016		9,439		1,068
2017		10,747		946
2018 - 2022		76,037		3,486