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Pension and postretirement benefits (Tables)
6 Months Ended
Jun. 30, 2011
Pension Plan
 
Components of Net Periodic Pension/Postretirement Benefit Cost

The components of net periodic pension cost for the periods presented were as follows:

 

    

Pension Plan

Quarters ended June 30,

    Benefit Restoration Plans
Quarters ended June 30,
 

(In thousands)

   2011     2010     2011     2010  

Interest cost

   $ 7,784     $ 7,953     $ 395     $ 385  

Expected return on plan assets

     (10,840     (7,777     (450     (404

Amortization of net loss

     2,829       2,206       148       99  

Settlement loss

     —          3,380       —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net periodic pension cost

   $ (227   $ 5,762     $ 93     $ 80  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

    

Pension Plans

Six months ended June 30,

    Benefit Restoration Plans
Six months ended June 30,
 

(In thousands)

   2011     2010     2011     2010  

Interest cost

   $ 15,569     $ 15,906     $ 790     $ 769  

Expected return on plan assets

     (21,680     (15,553     (901     (807

Amortization of net loss

     5,657       4,412       296       198  

Settlement loss

     —          3,380       —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net periodic pension cost

   $ (454   $ 8,145     $ 185     $ 160  
  

 

 

   

 

 

   

 

 

   

 

 

 
Postretirement Benefit Plan
 
Components of Net Periodic Pension/Postretirement Benefit Cost

The Corporation also provides certain health care benefits for retired employees of certain subsidiaries. The table that follows presents the components of net periodic postretirement benefit cost.

 

     Postretirement Benefit Plan  
     Quarters ended June 30,     Six months ended June 30,  

(In thousands)

   2011     2010     2011     2010  

Service cost

   $ 504     $ 432     $ 1,008     $ 864  

Interest cost

     2,135       1,608       4,271       3,217  

Amortization of prior service cost

     (240     (261     (480     (523

Amortization of net loss (gain)

     267       (294     534       (588
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net periodic postretirement benefit cost

   $ 2,666     $ 1,485     $ 5,333     $ 2,970