Pension

3 Months Ended

Mar. 31, 2017

Retirement Benefits [Abstract]

Pension

3. Pension

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

	Three Months Ended March 31,
	2017			2016
Components of net periodic benefit cost:
Interest cost	$	14		$	14
Service cost		9			9
Expected return on plan assets		(20	)		(19	)
Amortization of prior service costs		2			—
Amortization of actuarial loss		26			31
	$	31		$	35

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 2017, the Company is not required to contribute to the plan. As of March 31, 2017, the Company had not made any contributions to the plan in 2017.