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EMPLOYEE BENEFIT PLANS
 3 Months Ended
Mar. 31, 2013
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS
 
10.
EMPLOYEE BENEFIT PLANS
 
The Company participates in a multiple employer pension plan.  The following represents the net periodic benefit cost (credit) and related components for the plan:
 
(in thousands)
  
Three months ended
March 31,
  
   
2013
    
2012
  
Interest cost
   $ 59     $ 63  
Expected return on plan assets
     (92 )     (82 )
Amortization of net losses
     17       15  
Net periodic benefit
   $ (16 )   $ (4 )
 
During the first quarter of 2013, the Company did not make a contribution to this plan.
 
The Company permits selected highly compensated employees to defer a portion of their compensation into a non-qualified Supplemental Executive Retirement Plan (“SERP”).  The Company maintains certain securities in the SERP that have been classified as trading.  The SERP assets are marked to market and totaled $6,172,000 as of March 31, 2013 and $6,026,000 as of December 31, 2012.  The SERP assets are reported in other assets on the consolidated balance sheets and changes related to the fair value of the assets are included in selling, general and administrative expenses in the consolidated statements of operations.
 
Trading gains related to the SERP assets totaled approximately $146,000 during the three months ended March 31, 2013 and approximately $132,000 during the three months ended March 31, 2012.