Quarterly report pursuant to Section 13 or 15(d)

PENSION AND POST RETIREMENT BENEFIT PLANS (Tables)

v3.7.0.1
PENSION AND POST RETIREMENT BENEFIT PLANS (Tables)
6 Months Ended
Jun. 30, 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   Six Months Ended
    June 30,   June 30,
(in thousands)   2017   2016   2017   2016
Interest and service cost   $ 2,138     $ 2,350     $ 4,276     $ 4,700  
Expected return on plan assets     (3,342 )     (3,305 )     (6,684 )     (6,610 )
Amortization of net loss     830       816       1,660       1,632  
Net periodic benefit   $ (374 )   $ (139 )   $ (748 )   $ (278 )