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Retirement Plans
6 Months Ended
Jun. 30, 2012
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Retirement Plans
RETIREMENT PLANS
The following discloses the net periodic benefit cost (credit) and its components for the Company’s pension and postretirement plans:
 
 
Pension benefits
 
Supplemental
retirement
benefits
 
Postretirement
benefits
 
Pension benefits
 
Supplemental
retirement
benefits
 
Postretirement
benefits
(In thousands)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
Service cost
 
$
13


$
46

 
$

 
$

 
$
9

 
$
8

 
$
25

 
$
92

 
$

 
$

 
$
18

 
$
16

Interest cost
 
1,892


2,087

 
115


140

 
12

 
14

 
3,783

 
4,173

 
230

 
279

 
23

 
27

Expected return on plan assets
 
(2,827
)

(3,111
)
 
 
 
 
 
 
 
 
 
(5,654
)
 
(6,221
)
 
 
 
 
 
 
 
 
Amortization of prior service cost (credit)
 
 
 
 
 
31


31

 
(61
)
 
(61
)
 
 
 
 
 
62

 
62

 
(122
)
 
(122
)
Amortization of net actuarial (gain) loss
 
2,345


1,305

 
(28
)

(4
)
 
(22
)
 
(31
)
 
4,691

 
2,611

 
(57
)
 
(8
)
 
(43
)
 
(63
)
Net periodic benefit cost (credit)
 
$
1,423

 
$
327

 
$
118

 
$
167

 
$
(62
)
 
$
(70
)
 
$
2,845

 
$
655

 
$
235

 
$
333

 
$
(124
)
 
$
(142
)


As disclosed in the Company’s 2011 Annual Report on Form 10-K, the Company has frozen its participation and benefit accruals for the pension plan and its contributions for individual benefit payments in the postretirement benefit plan.