PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

6 Months Ended

Jun. 30, 2012

Compensation and Retirement Disclosure [Abstract]

Schedule of defined benefit plans disclosures

For the three and six months ended  June 30, 2012 and 2011, net periodic benefit cost related to the employee and officer pension and other postretirement benefit plans consisted of the following components (in thousands):

	Pension Benefits						Pension Benefits
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Service Cost	$	848		$	696		$	1,746		$	1,481
Interest Cost	1,893			1,775			3,706			3,601
Expected Return on Plan Assets	(1,897		)	(1,726		)	(3,983		)	(3,541		)
Amortizations:
Prior Service Cost	49			48			97			100
Actuarial Loss	1,612			1,048			2,938			2,057
Net Periodic Benefit Cost	2,505			1,841			4,504			3,698
Capitalized Benefit Costs	(1,228		)	(902		)	(2,207		)	(1,812		)
Total Net Periodic Benefit Expense	$	1,277		$	939		$	2,297		$	1,886

	Other Postretirement Benefits						Other Postretirement Benefits
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Service Cost	$	173		$	164		$	396		$	379
Interest Cost	563			597			1,146			1,216
Expected Return on Plan Assets	(380		)	(408		)	(804		)	(854		)
Amortizations:
Prior Service Credits	(54		)	(64		)	(109		)	(135		)
Actuarial Loss	370			316			659			628
Net Periodic Benefit Cost	672			605			1,288			1,234
Capitalized Benefit Costs	(329		)	(297		)	(631		)	(605		)
Total Net Periodic Benefit Expense	$	343		$	308		$	657		$	629