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Employee Benefits
9 Months Ended
Sep. 30, 2017
Retirement Benefits [Abstract]  
Employee Benefits
EMPLOYEE BENEFITS

Net Periodic Benefit Cost

The components of the net periodic benefit cost for our pension and postretirement benefit plans are as follows:
 
Pension Plan
 
Postretirement Benefit Plan
Three Months Ended September 30,
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Net periodic benefit cost
 
 
 
 
 
 
 
Service cost
$
1,714

 
$
1,623

 
$
505

 
$
932

Interest cost
1,765

 
1,663

 
482

 
754

Expected return on plan assets
(2,413
)
 
(1,988
)
 

 

Amortization of prior service credit

 

 
(1,352
)
 

Amortization of net loss
891

 
992

 
462

 
379

Net periodic benefit cost
$
1,957

 
$
2,290

 
$
97

 
$
2,065


 
Pension Plan
 
Postretirement Benefit Plan
Nine Months Ended September 30,
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Net periodic benefit cost
 
 
 
 
 
 
 
Service cost
$
5,141

 
$
4,869

 
$
1,515

 
$
2,796

Interest cost
5,295

 
4,989

 
1,446

 
2,262

Expected return on plan assets
(7,237
)
 
(5,964
)
 

 

Amortization of prior service credit

 

 
(4,056
)
 

Amortization of net loss
2,673

 
2,976

 
1,384

 
1,137

Net periodic benefit cost
$
5,872

 
$
6,870

 
$
289

 
$
6,195


Employer Contributions

We previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2016 that we expected to contribute $6,400 to the pension plan in 2017. For the nine-month period ended September 30, 2017, we contributed $11,396 to the pension plan. In September 2017, the Company contributed an additional $5,000 to the pension plan for tax advantages and to reduce future obligations.