Quarterly report pursuant to Section 13 or 15(d)

PENSION AND POST RETIREMENT BENEFIT PLANS (Tables)

v3.8.0.1
PENSION AND POST RETIREMENT BENEFIT PLANS (Tables)
9 Months Ended
Sep. 30, 2017
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [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)   2017     2016     2017     2016  
Interest and service cost   $ 2,138     $ 2,350     $ 6,414     $ 7,050  
Expected return on plan assets     (3,342 )     (3,305 )     (10,026 )     (9,915 )
Amortization of net loss     830       816       2,490       2,448  
Net periodic benefit   $ (374 )   $ (139 )   $ (1,122 )   $ (417 )