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Employee Benefits
 6 Months Ended
Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Employee Benefits
Employee Benefits
 
The Company maintains closed, defined-benefit pension and postretirement medical plans. QEP's pension plans include a qualified and a nonqualified retirement plan. The Company's postretirement medical plan is unfunded and provides certain health care and life insurance benefits for certain retired employees. During the six months ended June 30, 2014, the Company made contributions of $5.4 million to its funded qualified pension plan and $4.3 million to its unfunded nonqualified retirement plan. Contributions to funded qualified plans increase plan assets while contributions to unfunded nonqualified plans are used to fund current benefit payments. During the remainder of 2014, the Company expects to contribute approximately $2.7 million to its funded qualified pension plan, approximately $0.6 million to its unfunded nonqualified pension plans and approximately $0.1 million for retiree health care and life insurance benefits.

During the six months ended June 30, 2014, the Company recognized a $2.4 million loss on curtailment and $0.3 million expense for special termination benefits in connection with the second quarter 2014 property sales in the Midcontinent area (see Note 3 - Acquisitions and Divestitures). A curtailment is recognized immediately when there is a significant reduction in, or an elimination of, defined benefit accruals for present employees' future services. These expenses are included within “Net gain (loss) from asset sales” on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2014.

The following table sets forth the Company’s pension and postretirement benefits net periodic benefit costs:
 
Pension
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Service cost
$
0.7

 
$
0.9

 
$
1.4

 
$
1.9

Interest cost
1.4

 
1.3

 
2.8

 
2.5

Expected return on plan assets
(1.2
)
 
(1.0
)
 
(2.4
)
 
(2.0
)
Amortization of prior service costs (1)
1.2

 
1.3

 
2.5

 
2.5

Amortization of actuarial losses (1)
0.2

 
0.6

 
0.4

 
1.2

Curtailment cost
2.0

 
—

 
2.0

 
—

Special termination benefits
0.3

 
—

 
0.3

 
—

Periodic expense
$
4.6

 
$
3.1

 
$
7.0

 
$
6.1

 ____________________________
(1) 
Amortization of prior service costs and actuarial losses out of AOCI are recognized in the Condensed Consolidated Statements of Operations in "General and administrative."



 
Postretirement Benefits
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Interest cost
$
0.1

 
$
0.1

 
$
0.2

 
$
0.2

Amortization of prior service costs (1)
0.1

 
0.1

 
0.2

 
0.2

Curtailment cost
0.4

 
—

 
0.4

 
—

Periodic expense
$
0.6

 
$
0.2

 
$
0.8

 
$
0.4

____________________________
(1) 
Amortization of prior service costs out of AOCI are recognized in the Condensed Consolidated Statements of Operations in "General and administrative."