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Employee Benefit Plans
9 Months Ended
Sep. 30, 2014
Employee Benefit Plans [Abstract]  
Employee Benefit Plans

 

Note 9.  Employee Benefit Plans

The following table provides the components of net periodic benefit cost for our pension plan and postretirement benefits plan for the three months ended September 30, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Plan

 

 

Postretirement Benefits

(All Amounts in Thousands)

 

 

Three Months Ended September 30,

 

 

Three Months Ended September 30,

Components of net periodic benefit cost:

 

 

2014

 

 

2013

 

 

2014

 

 

2013

Service cost

 

$

155 

 

$

124 

 

$

 

$

Interest cost

 

 

381 

 

 

330 

 

 

144 

 

 

119 

Expected return on plan assets

 

 

(571)

 

 

(560)

 

 

 -

 

 

 -

Amortization of prior service cost

 

 

(1)

 

 

(1)

 

 

25 

 

 

25 

Amortization of Net Loss

 

 

32 

 

 

220 

 

 

44 

 

 

63 

Net periodic benefit cost (benefit)

 

$

(4)

 

$

113 

 

$

217 

 

$

213 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table provides the components of net periodic benefit cost for our pension plan and postretirement benefits plan for the nine months ended September 30, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Plan

 

 

Postretirement Benefits

(All Amounts in Thousands)

 

 

Nine Months Ended September 30,

 

 

Nine Months Ended September 30,

Components of net periodic benefit cost:

 

 

2014

 

 

2013

 

 

2014

 

 

2013

Service cost

 

$

464 

 

$

504 

 

$

11 

 

$

18 

Interest cost

 

 

1,143 

 

 

1,002 

 

 

433 

 

 

357 

Expected return on plan assets

 

 

(1,797)

 

 

(1,674)

 

 

                -

 

 

                   -

Amortization of prior service cost

 

 

(2)

 

 

(3)

 

 

75 

 

 

75 

Amortization of Net Loss

 

 

96 

 

 

666 

 

 

131 

 

 

189 

Net periodic benefit cost (benefit)

 

$

(96)

 

$

495 

 

$

650 

 

$

639 

 

 

 

 

 

 

 

 

 

 

 

 

 

We contributed $450,000 to our pension plan during the nine months ended September 30, 2014. We contributed another $150,000 in October 2014, which we expect to be the final payment for 2014.