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Pension Plans
 9 Months Ended
Sep. 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 September 30     Nine month period ended September 30  
    2012     2011     2012     2011  

Service cost

   $ 325     $ 251     $ 975     $ 753  

Interest cost

     353       343       1,058       1,029  

Expected return on plan assets

     (297 )      (273 )      (890 )      (817 ) 

Recognized net actuarial loss

     187       103       562       309  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost

   $ 568     $ 424     $ 1,705     $ 1,274  
   

 

 

    

 

 

    

 

 

    

 

 

  

During the nine month period ended September 30, 2012, $1.7 million of contributions were made to the plan. The Company presently anticipates contributing an additional $.4 million to fund the plan in 2012.