9. RETIREMENT AND POSTRETIREMENT BENEFITS OTHER THAN PENSION PLANS:

Net periodic pension (income) expense reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Interest cost	$	1,045		$	947		$	2,089		$	1,940
Expected return on plan assets		(1,410	)		(1,283	)		(2,819	)		(2,574	)
Recognized net actuarial loss		147			262			295			580
Net settlement loss		—			1,290			—			1,290

Total net periodic pension (income) expense	$	(218	)	$	1,216		$	(435	)	$	1,236

As a result of increased lump-sum distributions from the Company’s qualified retirement plan during the three months and six months ended June 30, 2013, partially due to the transfer of a large number of the retirement plan participants to Marriott in connection with the REIT conversion, which resulted in an increase in the number of participants eligible for distributions, a net settlement loss of $1.3 million was recognized in the three months and six months ended June 30, 2013. Approximately $0.6 million of the net settlement loss related to lump-sum distributions to former employees affected by the REIT conversion and has been classified as REIT conversion costs. Approximately $0.7 million of the net settlement loss related to lump-sum distributions to former employees not affected by the REIT conversion and has been classified as corporate operating expenses.

Net postretirement benefit income reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Interest cost	$	54		$	33		$	109		$	97
Amortization of net actuarial loss		104			142			209			238
Amortization of prior service credit		(328	)		(380	)		(657	)		(665	)

Total net postretirement benefit income	$	(170	)	$	(205	)	$	(339	)	$	(330	)