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Pensions and Other Post-Retirement Benefits
6 Months Ended
Jun. 30, 2013
Pensions and Other Post-Retirement Benefits

(7) Pensions and Other Post-Retirement Benefits

Components of net periodic benefit cost consisted of the following:

 

     Pension Benefits     Other Benefits  

(In thousands)

   2013     2012     2013     2012  

Three months ended June 30

        

Service cost

   $ 2,785      $ 2,436      $ 172      $ 174   

Interest cost

     4,468        4,789        263        316   

Expected return on plan assets

     (7,725     (8,101              

Amortization of prior service cost

     26        77        (106     (114

Recognized net actuarial losses

     3,327        1,476        138        132   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

     2,881        677        467        508   
  

 

 

   

 

 

   

 

 

   

 

 

 

Six months ended June 30

        

Service cost

   $ 5,569      $ 4,872      $ 344      $ 348   

Interest cost

     8,936        9,578        525        632   

Expected return on plan assets

     (15,450     (16,202              

Amortization of prior service cost

     52        154        (212     (228

Recognized net actuarial losses

     6,654        2,950        276        264   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

     5,761        1,352        933        1,016   
  

 

 

   

 

 

   

 

 

   

 

 

 

We made contributions of $2.3 million to our pension plans during the six months ended June 30, 2013. We expect to make total contributions of approximately $4.5 million to our pension plans in 2013.