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EMPLOYEE BENEFITS - POSTRETIREMENT (Tables)
6 Months Ended
Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Net Periodic Benefit Costs Charged to Operating Expenses
The net periodic benefit costs charged to operating expenses, which are valued at the measurement date of January 1 and recognized evenly throughout the year, consisted of the following components (in thousands of dollars):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Service cost
$
2,060

 
$
2,532

 
$
4,119

 
$
5,064

Interest cost
2,463

 
2,412

 
4,927

 
4,824

Expected return on assets
(2,528
)
 
(2,594
)
 
(5,056
)
 
(5,188
)
Amortization of unrecognized losses
32

 
378

 
64

 
756

Amortization of prior service credits
(1,672
)
 
(1,700
)
 
(3,344
)
 
(3,400
)
Net periodic benefit costs
$
355

 
$
1,028

 
$
710

 
$
2,056