Pension Plans And Postretirement Obligations

6 Months Ended

Jun. 30, 2015

Pension Plans And Postretirement Obligations [Abstract]

Pension Plans And Postretirement Obligations

NOTE 7: PENSION AND POSTRETIREMENT OBLIGATIONS

The components of net periodic cost (benefit) for the three months ended June 30, 2015 and 2014 are as follows:

		Pension Benefits						Postretirement Benefits
		For the three months ended						For the three months ended
($ in thousands)		June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Service cost	$	56		$	-		$	27		$	3
Interest cost		191			201			23			27
Expected return on plan assets		(223	)		(216	)		(8	)		(7	)
Amortization of prior service cost		14			14			(34	)		(49	)
Recognized actuarial loss		237			178			62			6
Net periodic benefit cost (benefit)	$	275		$	177		$	70		$	(20	)

The components of net periodic cost (benefit) for the six months ended June 30, 2015 and 2014 are as follows:

		Pension Benefits						Postretirement Benefits
		For the six months ended						For the six months ended
($ in thousands)		June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Service cost	$	56		$	-		$	30		$	6
Interest cost		391			413			49			59
Expected return on plan assets		(447	)		(441	)		(16	)		(15	)
Amortization of prior service cost		28			28			(23	)		(98	)
Recognized actuarial loss		474			355			42			12
Net periodic benefit cost (benefit)	$	502		$	355		$	82		$	(36	)

For both the six months ended June 30, 2015 and 2014, the Company has contributed $0.1 million to its pension and postretirement benefits plans. The amortization of prior service cost and recognized actuarial loss included in pension and postretirement expense represent reclassifications out of other comprehensive income (loss).