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Pension
 6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Pension

Note 3 — Pension

 

Components of net periodic benefit cost are as follows (in thousands):

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2012     2011     2012     2011  
                         
Components of net periodic benefit cost:                        
Interest cost   $ 17     $ 26     $ 43     $ 52  
Service cost     12       5       17       10  
Expected return on plan assets     (28 )     (26 )     (54 )     (53 )
Amortization of prior service costs     2       3       5       5  
Amortization of actuarial loss     39       38       77       76  
    $ 43     $ 45     $ 87     $ 90  

 

Under applicable laws and regulations, in 2012, the Company is required to contribute to its qualified plan approximately $235,000.  The Company expects to make contributions to the plan as required during the remainder of the year.