Quarterly report pursuant to Section 13 or 15(d)

BENEFIT PLANS (Tables)

v3.7.0.1
BENEFIT PLANS (Tables)
 3 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Benefit Costs
The following table shows the components of net periodic (benefit) cost for all plans:
 
Pension Benefits
 
Post Retirement Benefits
 
Three Months Ended March 31,
 
Three Months Ended March 31,
(dollar amounts in thousands)
2017
 
 
2016
 
2017
 
 
2016
Service cost
$
640

 
 
$
1,025

 
$
22

 
 
$
—

Interest cost
7,477

 
 
6,748

 
99

 
 
55

Expected return on plan assets
(13,803
)
 
 
(10,223
)
 
—

 
 
—

Amortization of prior service cost
—

 
 
—

 
(492
)
 
 
(492
)
Amortization of (gain) loss
1,747

 
 
1,864

 
(55
)
 
 
(72
)
Settlements
2,500

 
 
3,400

 
—

 
 
—

Net periodic (benefit) cost
$
(1,439
)
(1
)
 
$
2,814

 
$
(426
)
(1
)
 
$
(509
)
Schedule of Costs of Retirement Plans
defined contribution plans during the first quarter 2017 and 2016 was $11 million and $8 million, respectively.