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RETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2017
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, 2017 and 2016 were as follows (in thousands):
 
  
Pension Benefits
 
  
Pension Plan
  
SERP
 
  
Three months ended
June 30,
  
Three months ended
June 30,
 
Components of net periodic benefit cost:
 
2017
  
2016
  
2017
  
2016
 
Service cost
 
$
2,865
  
$
3,482
  
$
  
$
 
Interest cost
  
3,409
   
3,651
   
15
   
17
 
Expected return on plan assets
  
(4,568
)
  
(4,251
)
  
   
 
Amortization of actuarial loss
  
1,069
   
1,525
   
7
   
6
 
Net periodic benefit cost
 
$
2,775
  
$
4,407
  
$
22
  
$
23
 
 
  
Pension Benefits
 
  
Pension Plan
  
SERP
 
  
Six months ended
June 30,
  
Six months ended
June 30,
 
Components of net periodic benefit cost:
 
2017
  
2016
  
2017
  
2016
 
Service cost
 
$
7,192
  
$
6,702
  
$
  
$
 
Interest cost
  
7,089
   
7,063
   
29
   
33
 
Expected return on plan assets
  
(9,005
)
  
(8,404
)
  
   
 
Amortization of actuarial loss
  
2,438
   
2,743
   
14
   
13
 
Net periodic benefit cost
 
$
7,714
  
$
8,104
  
$
43
  
$
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, 2017 and 2016 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,
 
  
2017
  
2016
  
2017
  
2016
 
Components of net periodic benefit cost:
            
Service cost
 
$
  
$
  
$
  
$
 
Interest cost
  
7
   
3
   
14
   
15
 
Amortization of actuarial gain
  
(168
)
  
(186
)
  
(335
)
  
(374
)
Net periodic benefit cost
 
$
(161
)
 
$
(183
)
 
$
(321
)
 
$
(359
)