Pensions and Other Post-retirement Benefits (Tables)

6 Months Ended

Jun. 30, 2017

Compensation and Retirement Disclosure [Abstract]

Components of net periodic benefit cost consisted of the following:



	Pension Benefits							Other Benefits
(In thousands)	2017				2016			2017			2016
Three Months Ended June 30,
Service cost	$	2,721			$	2,634		$	106		$	106
Interest cost	4,572				4,702			237			237
Expected return on plan assets	(8,738		)		(8,682		)	—			—
Amortization of prior service cost	(4		)		15			(105		)	(105		)
Recognized net actuarial losses	3,184				3,009			17			17
Settlements	34				20			—			—
Net periodic benefit cost	1,769				1,698			255			255

Six Months Ended June 30,
Service cost	$	5,442			$	5,268		$	212		$	212
Interest cost	9,144				9,404			474			474
Expected return on plan assets	(17,476		)		(17,364		)	—			—
Amortization of prior service cost	(8		)		30			(210		)	(210		)
Recognized net actuarial losses	6,368				6,018			34			34
Settlements	68				40			—			—
Net periodic benefit cost, excluding below	3,538				3,396			510			510
Special termination charge	11,384			^(a)	—			—			—
Net periodic benefit cost	14,922				3,396			510			510

^(a) Represents the charge for special termination benefits related to the VRIP which were paid from our over funded North America pension plan and recorded as restructuring charges on the condensed consolidated statement of income. See further details in Note 4.