PENSION AND POSTRETIREMENT PLANS (Tables)

3 Months Ended

Mar. 31, 2015

Pension Plan

Pension and Postretirement plan

Schedule of components of net periodic expense

Components of net periodic pension expense included in the condensed consolidated statements of operations and comprehensive income for the quarters ending March 31, 2015 and 2014 are as follows (in thousands):

	For the three months ended
	March 31, 2015			March 31, 2014
Service cost	$	27		$	21
Interest cost	68			66
Expected return on assets	48			11
Amortization of net loss	(82		)	(85		)
Net periodic pension expense	$	61		$	13

Postretirement Welfare Plan

Pension and Postretirement plan

Schedule of components of net periodic expense

Components of net periodic postretirement benefit income included in the condensed consolidated statements of operations and comprehensive income for the quarters ending March 31, 2015 and 2014 are as follows (in thousands):

	For the three months ended
	March 31,  2015			March 31,  2014
Service cost	$	2		$	2
Interest cost	13			14
Amortization of net gain	(18		)	(19		)
Amortization of prior service cost	(3		)	(3		)
Net postretirement benefit	$	(6	)	$	(6	)