Pension

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Pension

Note 3 — Pension

Components of net periodic benefit cost are as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Components of net periodic benefit cost:
Interest cost	$	26		$	16		$	77		$	92
Service cost		5			6			14			19
Expected return on plan assets		(26	)		(24	)		(79	)		(72	)
Amortization of prior service costs		3			2			8			7
Amortization of actuarial loss		38			32			113			116
	$	46		$	32		$	133		$	162

The Company’s funding policy with respect to its qualified plan is to contribute at least the minimum amount required by applicable laws and regulations. In 2011, the Company is required to contribute approximately $250,000.  As of September 30, 2011, the Company has contributed approximately $193,389 to the plan. The Company expects to make contributions to the plan as required during the remainder of the year.