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Note 3 - Periodic Pension Expense | 6 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Pension and Other Postretirement Benefits Disclosure [Text Block] | N OTE 3 – Periodic Pension Expense: The following table details the net periodic pension expense under the Company's plans for the periods presented (in thousands):
|  | Three Months |  |  | Six Months |
|  | Ended June 30, |  |  | Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Service cost - benefits earned during the period |  | $ | 29 |  |  | $ | 27 |  |  | $ | 58 |  |  | $ | 54 |
Interest cost on projected benefit obligation |  |  | 271 |  |  |  | 243 |  |  |  | 542 |  |  |  | 485 |
Expected return on plan assets |  |  | (384 | ) |  |  | (430 | ) |  |  | (721 | ) |  |  | (859 | )
Recognized actuarial loss |  |  | 324 |  |  |  | 283 |  |  |  | 649 |  |  |  | 566 |
Settlement loss |  |  | 336 |  |  |  | - |  |  |  | 336 |  |  |  | - |
Net periodic pension cost |  | $ | 576 |  |  | $ | 123 |  |  | $ | 864 |  |  | $ | 246 |
The pension settlement losses included in the table above relate to lump sum payments made to various employees upon their retirement or termination during the periods specified. The service cost component is included in selling and administrative expenses and the other components are included in other periodic pension costs in our statements of comprehensive income. Effective on June 30, 2013, the Company no longer accrues additional benefits for future service or for future increases in compensation levels for the Company’s primary defined benefit pension plan. Effective on December 31, 2014, the Company no longer accrues additional benefits for future service for the Company’s hourly defined benefit plan. There were $0.1 million and $0.1 million in contributions made to the Company’s defined benefit plans during the three months ended June 30, 2019 and 2018, respectively. There were $0.1 million and $0.1 million in contributions made to the Company’s defined benefit plans during the six months ended June 30, 2019 and 2018, respectively.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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