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Employee Benefit Plans
6 Months Ended
Jun. 30, 2012
Employee Benefit Plans [Abstract]  
Employee Benefit Plans

Note F – Employee Benefit Plans

Net periodic benefit cost included the following components for the three months ended June 30:

 

                                 
    Pension Benefits     Other Post-retirement
Benefits
 
    2012     2011     2012     2011  
    (in thousands)  

Service cost

  $ 3,818     $ 3,195     $ —       $ —    

Interest cost

    25,125       24,077       67       116  

Expected return on plan assets

    (32,068     (31,073     —         —    

Amortization of prior service credit

    (1,744     (1,753     (233     (265

Amortization of actuarial loss

    17,740       12,678       317       434  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

  $ 12,871     $ 7,124     $ 151     $ 285  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost included the following components for the six months ended June 30:

 

                                 
    Pension Benefits     Other Post-retirement
Benefits
 
    2012     2011     2012     2011  
    (in thousands)  

Service cost

  $ 7,651     $ 6,382     $ —       $ —    

Interest cost

    50,269       48,141       134       233  

Expected return on plan assets

    (64,162     (62,126     —         —    

Amortization of prior service credit

    (3,492     (3,503     (466     (530

Amortization of actuarial loss

    35,495       25,349       634       867  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

  $ 25,761     $ 14,243     $ 302     $ 570  
   

 

 

   

 

 

   

 

 

   

 

 

 

Pension benefits also include amounts related to a supplemental retirement plan. During the six months ended June 30, 2012, the Company did not make a contribution to the pension plan.