Pension

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Pension

Note 3 — Pension

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

	Three Months Ended
	March 31			March 31
	2012			2011
Components of net periodic benefit cost:
Interest cost	$	26		$	25
Service cost		5			5
Expected return on plan assets		(26	)		(24	)
Amortization of prior service costs		3			2
Amortization of actuarial loss		38			31
	$	45		$	39

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 2012, the Company is required to contribute approximately $235,000.