PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2013

Pension and Other Postretirement Benefit Expense [Abstract]

Schedule of status of plans

The year-end status of these plans was as follows (in thousands):

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Change in projected benefit obligation:
Projected benefit obligation at December 31	$	278,416		$	232,442		$	11,146		$	11,885
Service cost	8,009			7,209			37			50
Interest cost	12,066			11,819			325			457
Participant contributions	—			15			275			—
Actuarial (gain) loss	(31,585		)	31,551			(583		)	(292		)
Benefits paid	(5,192		)	(4,620		)	(1,137		)	433
Liability gain due to curtailment	—			—						(1,387		)
Projected benefit obligation at December 31	$	261,714		$	278,416		$	10,063		$	11,146
Accumulated benefit obligation at December 31	$	256,002		$	271,116		$	—		$	—
Change in plan assets:
Fair value of plan assets at December 31	$	193,389		$	159,231		$	—		$	—
Actual return on plan assets	35,460			21,888			—			—
Employer contributions	20,645			16,875			862			954
Participant contributions	—			15			275			433
Benefits paid	(5,192		)	(4,620		)	(1,137		)	(1,387		)
Fair value of plan assets at December 31	$	244,302		$	193,389		$	—		$	—
Funded status	$	(17,412	)	$	(85,027	)	$	(10,063	)	$	(11,146	)

Schedule of assumptions used in computing the benefit obligation

Assumptions used in computing the benefit obligation as of December 31, 2013 and 2012 were as follows:

	Pension Benefits				Other Benefits
	2013		2012		2013	2012
Discount rate	5.10 - 5.18%		4.30 - 4.40%		2.97 - 5.05%	2.25 - 4.25%
Expected return on plan assets	7.10	%	7.10	%	N/A	N/A
Rate of compensation increase	2.50	%	2.50	%	N/A	N/A

Schedule of pension plan investments measured at fair value

The following table presents the fair value of the Company's pension plan investments as of December 31, 2013 and 2012 (in thousands).

	Level 1		Level 2	Level 3	Total
Equity Securities
U.S. equity securities	$	128,766	—	—	$	128,766
Non-U.S. equity securities	25,461		—	—	25,461
Debt Securities
Fixed income funds and cash investment funds	90,075		—	—	90,075
December 31, 2013	$	244,302	—	—	$	244,302
Equity Securities
U.S. equity securities	$	99,840	—	—	$	99,840
Non-U.S. equity securities	18,565		—	—	18,565
Debt Securities
Fixed income funds and cash investment funds	74,984		—	—	74,984
December 31, 2012	$	193,389	—	—	$	193,389

Schedule of amounts related to the Company's pension plan recognized in consolidated balance sheet

See Note 22 of the consolidated financial statements for the description of the levels of the fair value hierarchy.

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
	(in thousands)
Amounts recognized in the consolidated balance sheets consist of:
Current liabilities	$	(12,260	)	$	(20,645	)	$	(1,155	)	$	(1,141	)
Noncurrent liabilities	(5,152		)	(64,382		)	(8,908		)	(10,005		)
Net amount recognized	$	(17,412	)	$	(85,027	)	$	(10,063	)	$	(11,146	)
Amounts recognized in accumulated other comprehensive income before taxes:
Net actuarial loss	$	18,239		$	79,996		$	1,913		$	3,263
Prior service cost (credit)	11			25			(5,040		)	(8,418		)
Net amount recognized	$	18,250		$	80,021		$	(3,127	)	$	(5,155	)

Schedule of amounts related to the Company's pension plan recognized in other comprehensive income

The following table sets forth other changes in the benefit obligation recognized in other comprehensive income for the Company's pension and other postretirement benefits plans (in thousands):

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Net actuarial (gain) loss	$	(53,134	)	$	22,187		$	(583	)	$	(292	)
Amortization of:
Prior service (credit) cost	(14		)	(14		)	3,378			3,375
Actuarial (gain)	(8,623		)	(4,108		)	(767		)	(983		)
Total recognized in OCI	$	(61,771	)	$	18,065		$	2,028		$	2,100

Schedule of components of the net periodic benefit cost

The following table sets forth the components of the net periodic benefit cost for the Company's pension and other postretirement benefit plans (in thousands):

	Pension Benefits									Other Benefits
	2013			2012			2011			2013			2012			2011
Service cost	$	8,009		$	7,209		$	10,634		$	37		$	50		$	476
Interest cost	12,066			11,819			11,211			325			457			1,114
Expected return on plan assets	(13,912		)	(12,523		)	(13,008		)	—			—			—
Amortization of prior service (cost) credit	14			14			32			(3,378		)	(3,375		)	(1,754		)
Recognized actuarial loss	8,623			4,108			1,996			767			983			882
Curtailment (benefit) expense	—			—			69			—			—			(5,514		)
Net periodic benefit cost	$	14,800		$	10,627		$	10,934		$	(2,249	)	$	(1,885	)	$	(4,796	)

Schedule of assumptions used to determine net periodic benefit cost

Assumptions used to determine net periodic benefit cost for the years ended December 31, 2013, 2012, and 2011 were as follows:

	Pension Benefits						Other Benefits
	2013		2012		2011		2013	2012	2011
Discount rate	4.30 - 4.40%		5.10 - 5.15%		4.95-5.75%		2.25 - 4.25%	3.40 - 5.05%	3.50 - 4.65%
Expected return on plan assets	7.10	%	7.10	%	8.20	%	N/A	N/A	N/A
Rate of compensation increase	2.50	%	2.50	%	2.50	%	N/A	N/A	N/A

Schedule of weighted-average asset allocations by asset category

The Company's pension plans' weighted-average asset allocations as of December 31, 2013 and 2012, by asset category were as follows:

	Plan Assets at December 31,
	2013		2012
Asset Category:
Temporary investment funds	4	%	3	%
Equity investment funds	63		61
Fixed income funds	33		36
Total	100	%	100	%

Estimated future benefit payments under our pension and other postretirement plans

Estimated future benefit payments under the pension and other postretirement plans are as follows:

	Pension Benefits		Other Benefits
	(in thousands)
2014	$	6,925	$	1,154
2015	8,145		1,222
2016	9,438		1,088
2017	10,837		995
2018	12,261		855
2019 - 2023	84,388		3,513