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Postretirement Benefits
6 Months Ended
Jun. 30, 2014
Postretirement Benefits  
Postretirement Benefits

9. Postretirement Benefits

 

The components of net periodic benefit costs, included in general and administrative expense in the Condensed Consolidated Statement of Operations, were as follows:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(In thousands)

 

2014

 

2013

 

2014

 

2013

 

Service cost

 

$

456

 

$

415

 

$

912

 

$

830

 

Interest cost

 

407

 

395

 

814

 

790

 

Amortization of net loss

 

 

205

 

 

410

 

 

 

$

863

 

$

1,015

 

$

1,726

 

$

2,030

 

 

The guidance for retirement benefits provides that the net actuarial loss is not amortized if it is less than 10% of the postretirement obligation. Accordingly, the Company does not expect to amortize its net actuarial loss from accumulated other comprehensive income (loss) during 2014.