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PENSION AND POSTRETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2016
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 six months ended June 30, 2016 and 2015 is presented below (in thousands):
 
Pension Benefits
 
Postretirement Benefits
 
Three Months Ended 
 June 30,
 
Three Months Ended 
 June 30,
 
2016
 
2015
 
2016
 
2015
Service cost
$
569

 
$
498

 
$
3

 
$
3

Interest cost
1,676

 
1,678

 
19

 
18

Expected return on plan assets
(2,328
)
 
(2,413
)
 

 

Amortization of prior service credit
(64
)
 
(82
)
 

 

Amortization of transition asset
(79
)
 
(21
)
 

 

Amortization of actuarial loss (gain)
957

 
784

 
(14
)
 
(12
)
Net periodic cost
$
731

 
$
444

 
$
8

 
$
9

 
 
 
 
 
 
 
 
 
Pension Benefits
 
Postretirement Benefits
 
Six Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2016
 
2015
 
2016
 
2015
Service cost
$
1,128

 
$
991

 
$
6

 
$
6

Interest cost
3,348

 
3,351

 
38

 
37

Expected return on plan assets
(4,637
)
 
(4,813
)
 

 

Amortization of prior service credit
(127
)
 
(162
)
 

 

Amortization of transition asset
(156
)
 
(42
)
 

 

Amortization of actuarial loss (gain)
1,900

 
1,562

 
(28
)
 
(25
)
Net periodic cost
$
1,456

 
$
887

 
$
16

 
$
18