Pension

9 Months Ended

Sep. 30, 2016

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,
	2016			2015			2016			2015
Components of net periodic benefit cost:
Interest cost	$	15		$	15		$	44		$	44
Service cost		6			6			19			19
Expected return on plan assets		(23	)		(24	)		(69	)		(70	)
Amortization of prior service costs		2			2			7			7
Amortization of actuarial loss		28			36			84			92
	$	28		$	35		$	85		$	92

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 2016, the Company is not required to contribute to the plan. As of September 30, 2016, the Company did not make any contributions to the plan in 2016.