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Employee Benefit Plans And Other Postretirement Benefits
9 Months Ended
Sep. 30, 2011
Employee Benefit Plans And Other Postretirement Benefits 
Employee Benefit Plans And Other Postretirement Benefits

8. Employee Benefit Plans and Other Postretirement Benefits

For the three-and nine-months ended September 30, 2011 and 2010, net pension costs were comprised of the following:

 

     Three  Months
Ended
September 30,		     Nine Months
Ended
September  30,		  
     2011     2010     2011     2010  
(In thousands)                         

Components of Net Pension Costs

         

Service cost for benefits earned during the year

    $ 4,952      $ 4,579      $ 14,856      $ 13,737   

Interest cost on accumulated benefit obligation

      3,368        3,023        10,105        9,068   

Expected return on assets

      (3,386 )      (2,802 )      (10,158 )      (8,406 ) 

Net amortization of unrecognized amounts

      1,549        1,483        4,645        4,449   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net pension costs

    $ 6,483      $ 6,283      $ 19,448      $ 18,848   
  

 

 

    

 

 

    

 

 

    

 

 

  

The Company makes pension plan contributions that are sufficient to fund its actuarially determined costs, generally equal to the minimum amounts required by the Employee Retirement Income Security Act (ERISA). However, from time to time the Company may make discretionary contributions in excess of the required minimum amounts. The Company expects to contribute $22.1 million to the pension plans in 2011, of which $18.2 million has been contributed through September 30, 2011.

For the three- and nine-months ended September 30, 2011 and 2010, net postretirement costs were comprised of the following:

 

     Three  Months
Ended
September 30,		     Nine Months
Ended
September  30,		  
         2011              2010         2011      2010  
(In thousands)                           

Components of Net Postretirement Costs

           

Service cost for benefits earned during the year

    $ 400       $ 350      $ 1,199       $ 1,049   

Interest cost on accumulated benefit obligation

      297         283        892         848   

Net amortization of unrecognized amounts

      8         (19 )      25         (56 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  

Net postretirement costs

    $ 705       $ 614      $ 2,116       $ 1,841