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RETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2016
Pension Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost for the Company’s defined benefit plans for the three months and six months ended June 30, 2016 and 2015 were as follows (in thousands):

 
Pension Benefits
 
 
Pension Plan
  
SERP
 
  
Three months ended
June 30,
  
Three months ended
June 30,
 
  2016  
2015
  
2016
  
2015
 
Components of net periodic benefit cost:
          
Service cost
 
$
3,482
  
$
3,517
  
$
  
$
 
Interest cost
  
3,651
   
3,302
   
17
   
16
 
Expected return on plan assets
  
(4,251
)
  
(4,485
)
  
   
 
Amortization of actuarial loss
  
1,525
   
1,903
   
6
   
7
 
Net periodic benefit cost
 
$
4,407
  
$
4,237
  
$
23
  
$
23
 

 
Pension Benefits
 
 
Pension Plan
  
SERP
 
  
Six months ended
June 30,
  
Six months ended
June 30,
 
  
2016
  
2015
  
2016
  
2015
 
Components of net periodic benefit cost:
            
Service cost
 
$
6,702
  
$
7,347
  
$
  
$
 
Interest cost
  
7,063
   
6,656
   
33
   
32
 
Expected return on plan assets
  
(8,404
)
  
(8,968
)
  
   
 
Amortization of actuarial loss
  
2,743
   
3,867
   
13
   
14
 
Net periodic benefit cost
 
$
8,104
  
$
8,902
  
$
46
  
$
46
 
Other Postretirement Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost for the Company’s postretirement benefit plan for the three months and six months ended June 30, 2016 and 2015 were as follows (in thousands):

 
Other Postretirement
Benefits
  
Other Postretirement
Benefits
 
 
Postretirement Welfare Plan
  
Postretirement Welfare Plan
 
  
Three months ended
June 30,
  
Six months ended
June 30,
 
  
2016
  
2015
  
2016
  
2015
 
Components of net periodic benefit cost:
            
Service cost
 
$
  
$
  
$
  
$
 
Interest cost
  
3
   
5
   
15
   
18
 
Amortization of actuarial gain
  
(186
)
  
(222
)
  
(374
)
  
(395
)
Net periodic benefit cost
 
$
(183
)
 
$
(217
)
 
$
(359
)
 
$
(377
)