PENSIONS AND OTHER POSTRETIREMENT BENEFITS

6 Months Ended

Jun. 30, 2012

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

NOTE 8: PENSIONS AND OTHER POSTRETIREMENT BENEFITS

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 30,2012			June 30,2011			June 30,2012			June 30,2011
	(in thousands)
Service cost	$	1,802		$	2,628		$	12		$	119
Interest cost	2,955			2,799			114			320
Expected return on plan assets	(3,131		)	(3,249		)	—			—
Amortization of prior service cost	4			9			(844		)	(303		)
Recognized actuarial loss	1,027			283			246			166
Net periodic benefit cost	$	2,657		$	2,470		$	(472	)	$	302

	Pension Benefits						Other Benefits
	Six months ended						Six months ended
	June 30,2012			June 30,2011			June 30,2012			June 30,2011
	(in thousands)
Service cost	$	3,604		$	5,256		$	24		$	238
Interest cost	5,910			5,598			228			640
Expected return on plan assets	(6,262		)	(6,498		)	—			—
Amortization of prior service cost	8			18			(1,688		)	(606		)
Recognized actuarial loss	2,054			566			492			332
Net periodic benefit cost	$	5,314		$	4,940		$	(944	)	$	604