Pension And Postretirement Obligations

6 Months Ended

Jun. 30, 2011

Pension And Postretirement Obligations

Pension And Postretirement Obligations

NOTE 11:  PENSION AND POSTRETIREMENT OBLIGATIONS

The components of net periodic cost (gain) for the six months ended June 30, 2011 and 2010 are as follows:

	Pension Benefits				Postretirement Benefits
		2011		2010		2011		2010
Service cost	$	0	$	0	$	6	$	20
Interest cost		435		437		123		120
Expected return on plan assets		(410)		(408)		(81)		(81)
Amortization of transition asset		0		0		14		14
Amortization of prior service cost		28		28		(165)		(165)
Amortization of net loss		436		442		47		50
Net periodic benefit cost (gain)	$	489	$	499	$	(56)	$	(42)

The components of net periodic cost (gain) are for the three months ended June 30, 2011 and 2010 are as follows:

	Pension Benefits				Postretirement Benefits
		2011		2010		2011		2010
Service cost	$	0	$	0	$	3	$	11
Interest cost		217		217		61		61
Expected return on plan assets		(205)		(240)		(40)		(42)
Amortization of transition asset		0		0		7		7
Amortizaton of prior service cost		14		14		(83)		(82)
Amortization of net loss		218		264		24		25
Net periodic benefit cost (gain)	$	244	$	255	$	(28)	$	(20)

The Company expects to contribute $529 to its pension plans in 2011.   For the six months ended June 30, 2011, the Company has contributed $264 of this amount to its pension and postretirement benefits plan.