PENSION AND POSTRETIREMENT PLANS (Tables)

6 Months Ended

Jun. 30, 2015

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 three and six months ending June 30, 2015 and 2014 are as follows (in thousands):

	For the three months ended						For the six months ended
	June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Service cost	$	27		$	21		$	53		$	42
Interest cost	68			66			136			133
Expected return on assets	(82		)	(85		)	(163		)	(170		)
Amortization of net loss	48			11			95			22

Net periodic pension expense	$	61		$	13		$	121		$	27

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 June 30, 2015 and 2014 are as follows (in thousands):

	For the three months ended						For the six months ended
	June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Service cost	$	2		$	2		$	5		$	4
Interest cost	13			14			25			29
Amortization of net gain	(18		)	(19		)	(36		)	(39		)
Amortization of prior service cost	(3		)	(3		)	(6		)	(6		)

Net postretirement benefit	$	(6	)	$	(6	)	$	(12	)	$	(12	)