Pension Plans And Postretirement Obligations

9 Months Ended

Sep. 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 September 30, 2015 and 2014 are as follows:

		Pension Benefits						Postretirement Benefits
		For the three months ended						For the three months ended
($ in thousands)		September 30, 2015		September 30, 2014				September 30, 2015		September 30, 2014
Interest cost	$	195		$	191		$	24		$	30
Expected return on plan assets		(195	)		(228	)		7			(6	)
Amortization of prior service cost		14			14			(11	)		(49	)
Recognized actuarial loss		237			142			21			6
Net periodic benefit cost (benefit)	$	251		$	119		$	41		$	(19	)

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

	Pension Benefits						Postretirement Benefits
	For the nine months ended						For the nine months ended
($ in thousands)		September 30, 2015			September 30, 2014			September 30, 2015			September 30, 2014
Interest cost	$	586		$	604		$	73		$	89
Expected return on plan assets		(586	)		(669	)		21			(15	)
Amortization of prior service cost		42			42			(34	)		(147	)
Recognized actuarial loss		711			497			63			18
Net periodic benefit cost (benefit)	$	753		$	474		$	123		$	(55	)

For the nine months ended September 30, 2015 and September 30, 2014, the Company has contributed $0.1 million and $0.2 million, respectively, 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).