XML 30 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Pension Information
 3 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Pension Information

(11) Pension Information

The Company also sponsors a pension plan which is a noncontributory defined benefit retirement plan. Annual payments, subject to the maximum amount deductible for federal income tax purposes, are made to a pension trust fund. In 2006, the Company amended the pension plan to provide that no employee could be added as a participant to the pension plan after December 31, 2006. In 2014, the Company amended the pension plan again to provide that no additional benefits would accrue beyond April 30, 2014.

Net periodic pension benefit was as follows:

 

     Three months ended
March 31,		  
     2017      2016  

Service cost

    $ —        $ —    

Interest cost

      167        170  

Expected return on plan assets

      (278 )       (274 ) 

Other components

      94        83  
  

 

 

     

 

 

  

Net periodic pension benefit

    $ (17 )     $ (21 ) 
  

 

 

     

 

 

  

The total amount of pension contributions expected to be paid by the Company in 2017 is $500. The Company contributed $500 in 2016.