Employee Benefit Plans

6 Months Ended

Jun. 30, 2012

Employee Benefit Plans [Abstract]

Employee Benefit Plans

Note 7 – Employee benefit plans:

The components of our net periodic defined benefit pension credit for the second quarter and first six months of 2011 and 2012 are presented in the table below.

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
	(In thousands)
Service cost	$	931		$	1,167		$	1,862		$	2,335
Interest cost		4,752			4,386			9,504			8,771
Expected return on plan assets		(13,310	)		(12,202	)		(26,620	)		(24,404	)
Amortization of accumulated other comprehensive income:
Prior service cost		308			308			616			616
Actuarial losses		2,569			4,443			5,138			8,885
Total credit	$	(4,750	)	$	(1,898	)	$	(9,500	)	$	(3,797	)

The components of our net periodic credit related to other postretirement benefits for the second quarter and first six months of 2011 and 2012 are presented in the table below.

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
	(In thousands)
Service cost	$	33		$	39		$	64		$	79
Interest cost		573			507			1,147			1,014
Amortization of accumulated other comprehensive income:
Prior service credit		(4,043	)		(4,042	)		(8,085	)		(8,085	)
Actuarial losses		2,138			1,919			4,275			3,838
Total credit	$	(1,299	)	$	(1,577	)	$	(2,599	)	$	(3,154	)