XML 38 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1

RETIREMENT BENEFIT OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2018

Key Weighted Average Assumptions Used in Determining Benefit Plan Costs and Obligations

The following table includes the key weighted average assumptions used in determining the Company’s benefit plan costs and obligations:

		2018				2017
Used to Determine Plan Costs
Discount Rate			3.60	%			4.10	%
Rate of Compensation Increase			3.00	%			3.00	%
Expected Long-term rate of return on plan assets			7.75	%			7.75	%
Health Care Cost Trend Rate Assumed for Next Year			7.50	%			8.00	%
Ultimate Health Care Cost Trend Rate			4.50	%			4.00	%
Year that Ultimate Health Care Cost Trend Rate is reached			2024				2025

Components of Retirement Plan Costs

The following tables provide the components of the Company’s Retirement plan costs ($000’s):

		Pension Plan								PBOP Plan								SERP Plan
Three Months Ended June 30,		2018				2017				2018				2017				2018				2017
Service Cost		$	848			$	823			$	733			$	743			$	122			$	115
Interest Cost			1,469				1,515				851				979				101				98
Expected Return on Plan Assets			(1,946	)			(1,834	)			(409	)			(336	)			—				—
Prior Service Cost Amortization			81				65				327				349				47				47
Actuarial Loss Amortization			1,447				1,155				346				525				122				74
Sub-total			1,899				1,724				1,848				2,260				392				334
Amounts Capitalized and Deferred			(908	)			(808	)			(885	)			(1,154	)			(113	)			(99	)
Net Periodic Benefit Cost Recognized		$	991			$	916			$	963			$	1,106			$	279			$	235

		Pension Plan								PBOP Plan								SERP Plan
Six Months Ended June 30,		2018				2017				2018				2017				2018				2017
Service Cost		$	1,696			$	1,647			$	1,466			$	1,487			$	244			$	230
Interest Cost			2,938				3,029				1,702				1,957				202				196
Expected Return on Plan Assets			(3,892	)			(3,653	)			(818	)			(673	)			—				—
Prior Service Cost Amortization			162				131				654				699				94				94
Actuarial Loss Amortization			2,894				2,331				692				1,049				244				148
Sub-total			3,798				3,485				3,696				4,519				784				668
Amounts Capitalized and Deferred			(1,628	)			(1,470	)			(1,627	)			(2,191	)			(226	)			(198	)
Net Periodic Benefit Cost Recognized		$	2,170			$	2,015			$	2,069			$	2,328			$	558			$	470

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfCostsOfRetirementPlansTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration