Pension And Postretirement Obligations

6 Months Ended

Jun. 30, 2013

Pension And Postretirement Obligations [Abstract]

Pension And Postretirement Obligations

NOTE 9: PENSION AND POSTRETIREMENT OBLIGATIONS

The components of net periodic cost (gain) for the three months ended June 30, 2013 and 2012 are as follows:

		Pension Benefits						Postretirement Benefits
					Three Months Ended
($ in thousands)		June 30, 2013		June 30, 2012				June 30, 2013			June 30, 2012
Service cost	$	-		$	-		$	3		$	4
Interest cost		190			192			57			54
Expected return on plan assets		(219	)		(219	)		(44	)		(43	)
Amortization of transition asset		-			-			7			7
Amortizaton of prior service cost		14			14			(82	)		(83	)
Amortization of net loss		227			231			33			34
Net periodic benefit cost (gain)	$	212		$	218		$	(26	)	$	(27	)

The components of net periodic cost (gain) for the six months ended June 30, 2013 and 2012 are as follows:

		Pension Benefits						Postretirement Benefits
					Six Months Ended
($ in thousands)		June 30, 2013		June 30, 2012				June 30, 2013			June 30, 2012
Service cost	$	-		$	-		$	7		$	8
Interest cost		380			383			113			108
Expected return on plan assets		(438	)		(438	)		(87	)		(86	)
Amortization of transition asset		-			-			14			14
Amortizaton of prior service cost		28			28			(165	)		(165	)
Amortization of net loss		454			463			66			67
Net periodic benefit cost (gain)	$	424		$	436		$	(52	)	$	(54	)

The Company expects to contribute a total of $1.1 million to its pension and postretirement benefit plans in 2013. For the six months ended June 30, 2013, the Company has contributed $0.3 and $0.1 million of this amount to its pension and postretirement benefit plans, respectively. Amounts reclassified from other comprehensive income (loss) related to the Company's pension and post retirement obligations were not material for the three and six months ended June 30, 2013 and 2012.