Pension

6 Months Ended

Jun. 30, 2017

Retirement Benefits [Abstract]

Pension

3. Pension

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Components of Net Periodic Benefit Cost:
Interest cost	$	14		$	14		$	28		$	28
Service cost		9			9			18			18
Expected return on plan assets		(20	)		(19	)		(40	)		(38	)
Amortization of prior service costs		2			—			4			—
Amortization of actuarial loss		26			31			52			62
	$	31		$	35		$	62		$	70

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 June 30, 2017, the Company had not made any contributions to the plan in 2017.