XML 29 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 9 - Pension and Other Postretirement Benefit Plans
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
9.
Pension and Other Postretirement Benefit Plans
 
The following table sets forth information regarding the components of net expense for the pension and other postretirement benefit plans.
 
    Three months ended
    March 31,
(In thousands)   2018   2017
         
Employee Pension Plan:                
Interest cost   $
195
    $
216
 
Amortization of unrecognized loss    
155
     
174
 
Expected return on plan assets    
(363
)    
(348
)
Net employee pension ( benefit) expense   $
(13
)   $
42
 
                 
Outside Director Pension Plan:                
Service cost   $
11
    $
10
 
Interest cost    
20
     
23
 
Amortization of unrecognized gain    
(23
)    
(23
)
Amortization of past service liability    
3
     
10
 
Net outside director pension expense   $
11
    $
20
 
                 
Other Postretirement Benefit Plans:                
Service cost   $
88
    $
79
 
Interest cost    
77
     
76
 
Amortization of unrecognized loss    
-
     
-
 
Amortization of past service credit    
(13
)    
(21
)
Net other postretirement expense   $
152
    $
134
 
 
The Company previously disclosed in its Consolidated Financial Statements for the year ended
December 31, 2017
that it expects to contribute
$0.2
million to each of the Outside Director Pension Plan (the “Outside Director Pension Plan”) and the other postretirement benefit plans (the “Other Postretirement Benefit Plans”), during the year ending
December 31, 2018.
The Company does
not
expect to make a contribution to the Employee Pension Plan (the “Employee Pension Plan”). As of
March 31, 2018,
the Company has contributed
$24,000
to the Outside Director Pension Plan and
$20,000
in contributions were made to the Other Postretirement Benefit Plans. As of
March 31, 2018,
the Company has
not
revised its expected contributions for the year ending
December 31, 2018.