XML 43 R32.htm IDEA: XBRL DOCUMENT

Pension Plans (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of the components of pension (income) expense

The Company recorded pension income totaling $241,000 and $162,000 for the three months ended June 30, 2017 and 2016, respectively, which primarily related to investment income from the Pension Plan’s assets. The following table contains the components of the pension income.

	For the Three Months Ended June 30,
	2017			2016			2017			2016			2017 Total			2016 Total
($ in thousands)	Pension Plan			Pension Plan			SERP			SERP			Both Plans			Both Plans
Service cost	$	—			—			32			27			32			27
Interest cost		350			376			53			59			403			435
Expected return on plan assets		(730	)		(675	)		—			—			(730	)		(675	)
Amortization of transition obligation		—			—			—			—			—			—
Amortization of net (gain)/loss		62			60			(8	)		(9	)		54			51
Amortization of prior service cost		—			—			—			—			—			—
Net periodic pension (income)/cost	$	(318	)		(239	)		77			77			(241	)		(162	)

The Company recorded pension income totaling $403,000 and $325,000 for the six months ended June 30, 2017 and 2016, respectively, which primarily related to investment income from the Pension Plan’s assets. The following table contains the components of the pension income.

	For the Six Months Ended June 30,
	2017			2016			2017			2016			2017 Total			2016 Total
($ in thousands)	Pension Plan			Pension Plan			SERP			SERP			Both Plans			Both Plans
Service cost – benefits earned during the period	$	—			—			59			53			59			53
Interest cost		725			752			113			118			838			870
Expected return on plan assets		(1,405	)		(1,350	)		—			—			(1,405	)		(1,350	)
Amortization of transition obligation		—			—			—			—			—			—
Amortization of net (gain)/loss		122			120			(17	)		(18	)		105			102
Amortization of prior service cost		—			—			—			—			—			—
Net periodic pension cost (income)	$	(558	)		(478	)		155			153			(403	)		(325	)