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Employee Benefit Plans
6 Months Ended
Jun. 30, 2013
Compensation And Retirement Disclosure [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
 
     2013     2012     2013     2012  
     (in thousands)  

Service cost

   $ 4,961      $ 3,818      $ —        $ —     

Interest cost

     22,391        25,125        37        67   

Expected return on plan assets

     (33,495     (32,068     —          —     

Amortization of prior service credit

     (1,892     (1,744     (239     (233

Amortization of actuarial loss

     21,097        17,740        281        317   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 13,062      $ 12,871      $ 79      $ 151   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

     Pension Benefits     Other  Post-retirement
Benefits
 
     2013     2012     2013     2012  
     (in thousands)  

Service cost

   $ 9,937      $ 7,651      $ —        $ —     

Interest cost

     44,798        50,269        75        134   

Expected return on plan assets

     (67,013     (64,162     —          —     

Amortization of prior service credit

     (3,786     (3,492     (478     (466

Amortization of actuarial loss

     42,209        35,495        562        634   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 26,145      $ 25,761      $ 159      $ 302   
  

 

 

   

 

 

   

 

 

   

 

 

 

Pension benefits also include amounts related to a supplemental retirement plan. During the six months ended June 30, 2013, the Company made a $57.2 million contribution to the pension plan.