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EMPLOYEE BENEFIT PLANS (Tables)
3 Months Ended
Mar. 31, 2014
EMPLOYEE BENEFIT PLANS  
Components of the net periodic benefit cost of PLC's defined benefit pension plan and unfunded excess benefit plan

 

 

 

For The Three Months Ended March 31,

 

 

 

2014

 

2013

 

 

 

(Dollars In Thousands)

 

Service cost — benefits earned during the period

 

$

2,453

 

$

2,708

 

Interest cost on projected benefit obligation

 

2,993

 

2,553

 

Expected return on plan assets

 

(3,065

)

(2,759

)

Amortization of prior service cost/(credit)

 

(95

)

(95

)

Amortization of actuarial losses

 

1,897

 

2,729

 

Total benefit cost

 

$

4,183

 

$

5,136