XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Pension Plans | 3 Months Ended
--- | ---
Mar. 31, 2016
Pension Plans [Abstract] |
Pension Plans | Note 1 1 – Pension Plans The Company has historically sponsored two defined benefit pension plans – a qualified retirement pl an (the “Pension Plan”) which was generally available to all employees, and a Supplemental Executive Retirement Plan (the “SERP”), which was for the benefit of certain senior manag ement executives of the Company. Effective December 31, 2012, the Company froze both plans for all participants. Although no previously accrued benefits were lost, employees no longer accrue benefits for service subsequent to 2012. The Company recorded pension income totaling $162,000 and $267,000 for the t hree months ended March 31, 201 6 and 2015, respectively, which primarily related to investment income f rom the Pension Plan's assets. The following table contain s the components of the pension income.
|  | For the Three Months Ended March 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |  |  | 2016 Total |  |  | 2015 Total |
($ in thousands) |  | Pension Plan |  |  | Pension Plan |  |  | SERP |  |  | SERP |  |  | Both Plans |  |  | Both Plans |
Service cost |  | $ | — |  |  |  | — |  |  |  | 27 |  |  |  | 79 |  |  |  | 27 |  |  |  | 79 |
Interest cost |  |  | 376 |  |  |  | 341 |  |  |  | 59 |  |  |  | 52 |  |  |  | 435 |  |  |  | 393 |
Expected return on plan assets |  |  | (675 | ) |  |  | (708 | ) |  |  | — |  |  |  | — |  |  |  | (675 | ) |  |  | (708 | )
Amortization of transition obligation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of net (gain)/loss |  |  | 60 |  |  |  | — |  |  |  | (9 | ) |  |  | (31 | ) |  |  | 51 |  |  |  | (31 | )
Amortization of prior service cost |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net periodic pension (income)/cost |  | $ | (239 | ) |  |  | (367 | ) |  |  | 77 |  |  |  | 100 |  |  |  | (162 | ) |  |  | (267 | )
The Company's contributions to the Pension Plan are based on computations by independent actuarial consulta nts and are intended to be deductible for income tax purposes. The contributions are invested to provide for benefits under the Pension Plan. The Company does not expect to contribute to the Pension Plan in 2016. The Company's funding policy with respect to the SERP is to fund the related benefits from the operating cash flow of the Company.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49170332&loc=SL14450702-114947 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration