Pension Plans And Postretirement Obligations

3 Months Ended

Mar. 31, 2015

Pension Plans And Postretirement Obligationss [Abstract]

Pension Plans And Postretirement Obligations

NOTE 7: PENSION AND POSTRETIREMENT OBLIGATIONS

The components of net periodic cost (benefit) for the three months ended March 31, 2015 and 2014 are as follows:

		Pension Benefits						Postretirement Benefits
		For the three months ended						For the three months ended
($ in thousands)		March 31, 2015			March 31, 2014			March 31, 2015			March 31, 2014
Service cost	$	-		$	-		$	3		$	3
Interest cost		200			212			26			32
Expected return on plan assets		(223	)		(225	)		(8	)		(8	)
Amortization of prior service cost		14			14			11			(49	)
Recognized actuarial loss (gain)		237			177			(20	)		6
Net periodic benefit cost (benefit)	$	228		$	178		$	12		$	(16	)

For the three months ended March 31, 2015 and March 31, 2014, the Company has contributed $0.1 million and $0.1 million, respectively, to its pension and postretirement benefits plans. The amortization of prior service cost and recognized actuarial (gain) loss included in pension and postretirement expense represent reclassifications out of other comprehensive income (loss).