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Pension And Postretirement Benefit Plans
 3 Months Ended
Mar. 31, 2012
Pension And Postretirement Benefit Plans [Abstract]  
Pension And Postretirement Benefit Plans

NOTE 8. Pension and Postretirement Benefit Plans

Effective December 31, 2006, the pension plan was amended and frozen so that no further benefits will accrue under the plan and no additional employees may become participants. The pension plan was terminated effective September 30, 2011 and after receiving final approval from the Internal Revenue Service, distributions in the form of lump-sum cash payments to plan participants, rollovers and purchasing annuity contracts were completed on December 19, 2011. No defined benefit pension plan expenses are projected going forward.

The Company provides certain health care and life insurance benefits for nine retired employees who have met certain eligibility requirements. All other employees retiring after reaching age 65 and having at least 15 years of service with the Company will be allowed to stay on the Company's group life and health insurance policies, but will be required to pay premiums. The Company's share of the estimated costs that will be paid after retirement is generally being accrued by charges to expense over the employees' active service periods to the dates they are fully eligible for benefits, except that the Company's unfunded cost that existed at January 1, 1993 is being accrued primarily in a straight-line manner that will result in its full accrual by December 31, 2013.

Generally Accepted Accounting Principles ("GAAP") requires the Company to recognize the funded status (i.e. the difference between the fair value of plan assets and the projected benefit obligations) of its pension and postretirement benefit plans in the consolidated balance sheet, with a corresponding adjustment to accumulated other comprehensive income, net of taxes.

The following tables provide the components of net periodic benefit cost of the postretirement benefit plan for the three months ended March 31, 2012 and 2011:

             
  Three Months Ended March 31, 2012  
  2012 2011
 
Components of Net Periodic Benefit Cost:            
Service cost $ -   $ -  
Interest cost   1     1  
Expected return on plan assets   -     -  
Amortization of prior service costs   -     -  
Amortization of transition obligation   -     -  
Recognized net actuarial loss (gain)   (2 )   (2 )
Net periodic benefit cost $ (1 ) $ (1 )