XML 49 R10.htm IDEA: XBRL DOCUMENT
v3.19.3

Note 3 - Periodic Pension Expense | 9 Months Ended
--- | ---
Sep. 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 |  |  | Nine Months |
|  | Ended September 30, |  |  | Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Service cost - benefits earned during the period |  | $ | 29 |  |  | $ | 27 |  |  | $ | 87 |  |  | $ | 81 |
Interest cost on projected benefit obligation |  |  | 271 |  |  |  | 242 |  |  |  | 813 |  |  |  | 727 |
Expected return on plan assets |  |  | (385 | ) |  |  | (429 | ) |  |  | (1,106 | ) |  |  | (1,288 | )
Recognized actuarial loss |  |  | 310 |  |  |  | 284 |  |  |  | 959 |  |  |  | 850 |
Settlement loss |  |  | 280 |  |  |  | - |  |  |  | 616 |  |  |  | - |
Net periodic pension cost |  | $ | 505 |  |  | $ | 124 |  |  | $ | 1,369 |  |  | $ | 370 |
The pension settlement losses included in the table above resulted from lump sum pension payments made to various employees upon their retirement or termination during the periods specified. The pension settlement losses did not require a cash outlay by the Company and did not increase the Company’s total pension expense over time, as the charge was an acceleration of costs that otherwise would be recognized as pension expense in future periods. The service cost component is included in selling and administrative expenses in our statements of comprehensive income and the other components of net periodic pension cost 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 nine months ended September 30, 2019 and 2018 , respectively.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration