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PENSION AND POST RETIREMENT BENEFIT PLANS
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2014
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| Pension and Other Postretirement Benefit Expense [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PENSION AND POST RETIREMENT BENEFIT PLANS |
NOTE 7. PENSION AND POST RETIREMENT BENEFIT PLANS
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
During the three months ended March 31, 2014 and 2013, the Company made contributions of $3.3 million and $0.5 million, respectively, to its defined benefit retirement plans (the Plans). The Company made $5.0 million in contributions for the year ended December 31, 2013. and the Company is not planning on making further contributions to the Plans during the fiscal year ending December 31, 2014. |
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