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Pension and postretirement benefits (Tables)
6 Months Ended
Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]  
Components of Net Periodic Pension/Postretirement Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

OPEB Plan

 

 

Quarters ended June 30,

 

Quarters ended June 30,

(In thousands)

 

2019

 

2018

 

2019

 

2018

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

190

$

257

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

7,110

 

6,373

 

1,489

 

1,390

Expected return on plan assets

 

(8,096)

 

(10,060)

 

-

 

-

Amortization of prior service cost/(credit)

 

-

 

-

 

-

 

(868)

Amortization of net loss

 

5,876

 

5,064

 

-

 

321

Total net periodic pension cost

$

4,890

$

1,377

$

1,679

$

1,100

 

 

Pension Plans

 

OPEB Plan

 

 

Six months ended June 30,

 

Six months ended June 30,

(In thousands)

 

2019

 

2018

 

2019

 

2018

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

380

$

514

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

14,219

 

12,746

 

2,977

 

2,780

Expected return on plan assets

 

(16,192)

 

(20,119)

 

-

 

-

Amortization prior service cost/(credit)

 

-

 

-

 

-

 

(1,735)

Amortization of net loss

 

11,752

 

10,130

 

-

 

641

Total net periodic pension cost

$

9,779

$

2,757

$

3,357

$

2,200

Schedule of accumulated and projected benefit obligations

 

For the quarters ended

For the year ending

(In thousands)

30-Jun-19

31-Dec-19

Pension Plans

$

57

$

229

OPEB Plan

$

1,464

$

8,128