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EMPLOYEE BENEFIT PLANS (Tables)
6 Months Ended
Jun. 30, 2013
EMPLOYEE BENEFIT PLANS  
Components of the net periodic benefit cost of PLC's defined benefit pension plan and unfunded excess benefit plan

 

 

 

For The

 

For The

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(Dollars In Thousands)

 

Service cost — benefits earned during the period

 

$

2,708

 

$

2,561

 

$

5,416

 

$

5,122

 

Interest cost on projected benefit obligation

 

2,553

 

2,604

 

5,106

 

5,208

 

Expected return on plan assets

 

(2,759

)

(2,673

)

(5,518

)

(5,346

)

Amortization of prior service cost/(credit)

 

(95

)

(95

)

(190

)

(190

)

Amortization of actuarial losses

 

2,729

 

2,175

 

5,458

 

4,350

 

Total benefit cost

 

$

5,136

 

$

4,572

 

$

10,272

 

$

9,144