PENSIONS

6 Months Ended

Jun. 30, 2011

PENSIONS

PENSIONS

NOTE 7: PENSIONS

The following tables summarize the costs of the Company’s employee pension and post retirement plans for the periods indicated.

	Pension Benefits						Other Benefits
	Three months ended						Three months ended
	June 30,2011			June 30,2010			June 30,2011			June 30,2010
	(in thousands)
Service cost	$	2,628		$	2,600		$	119		$	113
Interest cost	2,799			2,703			320			370
Expected return on plan assets	(3,249		)	(2,918		)	—			—
Amortization of prior service cost	9			15			(303		)	(301		)
Recognized actuarial loss	283			265			166			138
Net periodic benefit cost	$	2,470		$	2,665		$	302		$	320

	Pension Benefits						Other Benefits
	Six months ended						Six months ended
	June 30,2011			June 30,2010			June 30,2011			June 30,2010
	(in thousands)
Service cost	$	5,256		$	5,200		$	238		$	226
Interest cost	5,598			5,406			640			740
Expected return on plan assets	(6,498		)	(5,836		)	—			—
Amortization of prior service cost	18			30			(606		)	(602		)
Recognized actuarial loss	566			530			332			276
Net periodic benefit cost	$	4,940		$	5,330		$	604		$	640