Quarterly report pursuant to Section 13 or 15(d)

PENSION AND POST RETIREMENT BENEFIT PLANS (Tables)

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PENSION AND POST RETIREMENT BENEFIT PLANS (Tables)
 3 Months Ended
Mar. 31, 2017
Pension and Other Postretirement Benefit Expense [Abstract]  
Schedule of Net Pension Benefit Gain

The following table represents the net periodic pension benefit costs and related components in accordance with FASB ASC 715 “Compensation - Retirement Benefits”:

 

Components of Net Pension Benefit Gain            
    Three Months Ended  
    March 31,  
(in thousands)   2017     2016  
Interest and service cost   $ 2,138     $ 2,350  
Expected return on plan assets     (3,342 )     (3,305 )
Amortization of net loss     830       816  
Net periodic benefit   $ (374 )   $ (139 )