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)
9 Months Ended
Sep. 30, 2015
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   Nine Months Ended
    September 30,   September 30,
(in thousands)   2015   2014   2015   2014
Interest and service cost   $ 2,250     $ 2,375     $ 6,750     $ 7,125  
Expected return on plan assets     (3,197 )     (3,108 )     (9,591 )     (9,324 )
Amortization of net loss     940       610       2,820       1,830  
Net periodic benefit   $ (7 )   $ (123 )   $ (21 )   $ (369 )