Pension

9 Months Ended

Sep. 30, 2012

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,
	2012			2011			2012			2011
Components of net periodic benefit cost:
Interest cost	$	26		$	25		$	77		$	74
Service cost		5			5			14			14
Expected return on plan assets		(26	)		(24	)		(79	)		(71	)
Amortization of prior service costs		3			2			8			7
Amortization of actuarial loss		38			31			113			94
	$	46		$	39		$	133		$	118

Under applicable laws and regulations, in 2012, the Company is required to contribute to its qualified plan approximately $225,000. At September 30, 2012, the Company had contributed approximately $185,000 to the plan.