Pension

9 Months Ended

Sep. 30, 2017

Retirement Benefits [Abstract]

Pension

3. Pension

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Components of Net Periodic Benefit Cost:
Interest cost	$	8		$	15		$	36		$	44
Service cost		9			6			27			19
Expected return on plan assets		(12	)		(23	)		(52	)		(69	)
Amortization of prior service costs		(4	)		2			0			7
Amortization of actuarial loss		29			28			81			84
	$	30		$	28		$	92		$	85

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 September 30, 2017, the Company had not made any contributions to the plan in 2017 and the Company does not anticipate that it will make any such contributions in the balance of 2017.