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Pension Plan and Postretirement Benefits Other Than Pension (Tables)
6 Months Ended
Jun. 30, 2014
Pension Plan and Postretirement Benefits Other Than Pension  
Schedule of components of net periodic pension and other postretirement costs

 

 

Pension Benefits

 

Other
Postretirement
Benefits

 

Pension Benefits

 

Other
Postretirement
Benefits

 

 

 

Three months
ended
June 30,

 

Three months
ended
June 30,

 

Six months
ended
June 30,

 

Six months
ended
June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

2014

 

2013

 

2014

 

2013

 

 

 

(in thousands)

 

(in thousands)

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,317

 

2,556

 

180

 

197

 

5,042

 

5,506

 

360

 

394

 

Interest cost

 

2,045

 

1,903

 

99

 

90

 

4,198

 

3,855

 

198

 

180

 

Expected return on plan assets

 

(3,595

)

(2,889

)

 

 

(7,008

)

(5,593

)

 

 

Actuarial (gain) loss amortization

 

337

 

1,034

 

(4

)

 

748

 

2,284

 

(8

)

 

Prior service cost amortization

 

104

 

139

 

14

 

14

 

234

 

278

 

28

 

28

 

Transition obligation amortization

 

1

 

1

 

 

 

2

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total(1)

 

$

1,209

 

2,744

 

289

 

301

 

3,216

 

6,332

 

578

 

602

 

 

(1) Approximately 60% of net periodic pension and other postretirement benefit costs are included in Compensation and related costs on the consolidated statements of income, while the remainder are included in Underwriting and distribution expense.