PENSIONS

9 Months Ended

Sep. 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
	September 30,2011			September 30,2010			September 30,2011			September 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
	Nine months ended						Nine months ended
	September 30,2011			September 30,2010			September 30,2011			September 30,2010
	(in thousands)
Service cost	$	7,884		$	7,800		$	357		$	339
Interest cost	8,397			8,109			960			1,110
Expected return on plan assets	(9,747		)	(8,754		)	—			—
Amortization of prior service cost	27			45			(909		)	(903		)
Recognized actuarial loss	849			795			498			414
Net periodic benefit cost	$	7,410		$	7,995		$	906		$	960