Pension

6 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Pension

Note 3 — Pension

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Components of net periodic benefit cost:
Interest cost	$	17		$	17		$	43		$	43
Service cost		12			12			17			18
Expected return on plan assets		(28	)		(28	)		(54	)		(75	)
Amortization of prior service costs		2			2			5			5
Amortization of actuarial loss		39			39			77			95
	$	43		$	43		$	87		$	85

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 2013, the Company is required to contribute approximately $235,000.