Pension

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

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,
	2015			2014			2015			2014
Components of net periodic benefit cost:
Interest cost	$	15		$	18		$	44		$	53
Service cost		6			6			19			19
Expected return on plan assets		(24	)		(23	)		(70	)		(70	)
Amortization of prior service costs		2			2			7			7
Amortization of actuarial loss		36			29			92			87
	$	35		$	32		$	92		$	96

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. As of September 30, 2015 the Company had contributed approximately $30,000 to the plan.