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PENSIONS AND OTHER POSTRETIREMENT BENEFITS
3 Months Ended
Mar. 31, 2013
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 (in thousands):

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

Three months ended

 

Three months ended

 

 

 

March 31,
2013

 

March 31,
2012

 

March 31,
2013

 

March 31,
2012

 

Service cost

 

$

2,002

 

$

1,802

 

$

9

 

$

12

 

Interest cost

 

3,016

 

2,955

 

81

 

114

 

Expected return on plan assets

 

(3,478

)

(3,131

)

 

 

Amortization of prior service cost

 

4

 

4

 

(844

)

(844

)

Recognized actuarial loss

 

2,156

 

1,027

 

192

 

246

 

Net periodic benefit cost

 

$

3,700

 

$

2,657

 

$

(562

)

$

(472

)