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Pension Plans
9 Months Ended
Sep. 30, 2011
Pension Plans [Abstract] 
PENSION PLANS

NOTE C – PENSION PLANS

PLP-USA hourly employees of the Company who meet specific requirements as to age and service are covered by a defined benefit pension plan. The Company uses a December 31 measurement date for this plan. Net periodic benefit cost for this plan included the following components:

 

                                 
    Three month period ended September 30     Nine month period ended September 30  
    2011     2010     2011     2010  

Service cost

   $ 251     $ 203     $ 753     $ 610  

Interest cost

     343       298       1,029       896  

Expected return on plan assets

     (273 )      (240 )      (817 )      (720 ) 

Recognized net actuarial loss

     103       70       309       210  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost

   $ 424     $ 331     $ 1,274     $ 996  
   

 

 

    

 

 

    

 

 

    

 

 

  

During the three month period ended September 30, 2011, $.3 million of contributions were made to the plan. The Company presently anticipates contributing an additional $.3 million to fund the plan in 2011.