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PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Tables)
6 Months Ended
Jun. 30, 2012
PENSIONS AND OTHER POSTRETIREMENT BENEFITS  
Summarize the costs of the Company's employee

 

 

 

 

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