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PENSION AND POSTRETIREMENT PLANS (Tables)
9 Months Ended
Sep. 30, 2015
Pension and Other Postretirement Benefit Expense [Abstract]  
Summary of the components of net periodic pension benefit costs
A summary of the components of net periodic pension and postretirement benefit costs for the three and nine months ended September 30, 2015 and 2014 is presented below (in thousands):
 
Pension Benefits
 
Postretirement Benefits
 
Three Months Ended 
 September 30,
 
Three Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$
484

 
$
352

 
$
3

 
$
3

Interest cost
1,673

 
2,107

 
19

 
22

Expected return on plan assets
(2,395
)
 
(2,477
)
 

 

Amortization of prior service credit
(79
)
 
(99
)
 

 

Amortization of transition asset
(19
)
 
(69
)
 

 

Amortization of actuarial loss (gain)
772

 
431

 
(13
)
 
(14
)
Net periodic cost
$
436

 
$
245

 
$
9

 
$
11

 
 
 
 
 
 
 
 
 
Pension Benefits
 
Postretirement Benefits
 
Nine Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$
1,475

 
$
1,078

 
$
9

 
$
9

Interest cost
5,024

 
6,351

 
56

 
66

Expected return on plan assets
(7,208
)
 
(7,473
)
 

 

Amortization of prior service credit
(241
)
 
(303
)
 

 

Amortization of transition asset
(61
)
 
(211
)
 

 

Amortization of actuarial loss (gain)
2,334

 
1,302

 
(38
)
 
(42
)
Net periodic cost
$
1,323

 
$
744

 
$
27

 
$
33