Pension

3 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Pension

Note 3 — Pension

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

	Three Months Ended March 31,
	2015			2014
Components of net periodic benefit cost:
Interest cost	$	15		$	16
Service cost		6			10
Expected return on plan assets		(23	)		(17	)
Amortization of prior service costs		2			2
Amortization of actuarial loss		28			35
	$	28		$	46

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 2015, the Company is required to contribute approximately $200,000. As of March 31, 2015 the Company had contributed approximately $30,000 to the plan.