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Pension Plan and Postretirement Benefits Other Than Pension (Tables)
6 Months Ended
Jun. 30, 2015
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,

 

 

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

 

 

(in thousands)

 

(in thousands)

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,994

 

2,317

 

228

 

180

 

6,041

 

5,042

 

456

 

360

 

Interest cost

 

2,056

 

2,045

 

99

 

99

 

4,210

 

4,198

 

198

 

198

 

Expected return on plan assets

 

(3,565

)

(3,595

)

 

 

(7,256

)

(7,008

)

 

 

Actuarial (gain) loss amortization

 

1,209

 

337

 

 

(4

)

2,585

 

748

 

 

(8

)

Prior service cost amortization

 

115

 

104

 

5

 

14

 

230

 

234

 

10

 

28

 

Transition obligation amortization

 

1

 

1

 

 

 

2

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total(1)

 

$

2,810

 

1,209

 

332

 

289

 

5,812

 

3,216

 

664

 

578

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(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 is included in underwriting and distribution expense.