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Pension Plans
 6 Months Ended
Jun. 30, 2012
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 June 30     Six month period ended June 30  
    2012     2011     2012     2011  

Service cost

   $ 351     $ 272     $ 650     $ 502  

Interest cost

     361       359       705       686  

Expected return on plan assets

     (295 )      (272 )      (593 )      (544 ) 

Recognized net actuarial loss

     199       123       375       206  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost

   $ 616     $ 482     $ 1,137     $ 850  
   

 

 

    

 

 

    

 

 

    

 

 

  

During the six month period ended June 30, 2012, $.7 million of contributions were made to the plan. The Company presently anticipates contributing an additional $1.5 million to fund the plan in 2012.