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Employee Benefit Plans
3 Months Ended
Mar. 31, 2016
Employee Benefit Plans [Abstract]  
Employee Benefit Plans

NOTE 13 – 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 March 31, 2016 and 2015:





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(All Amounts in Thousands)

 

 

Pension Plan

 

 

Postretirement Benefits



 

 

Three Months Ended

 

 

Three Months Ended

Components of net periodic benefit cost:

 

 

March 31, 2016

 

 

March 31, 2015

 

 

March 31, 2016

 

 

March 31, 2015

Service cost

 

$

178 

 

$

171 

 

$

(13)

 

$

Interest cost

 

 

395 

 

 

359 

 

 

109 

 

 

118 

Expected return on plan assets

 

 

(583)

 

 

(638)

 

 

 -

 

 

 -

Amortization of prior service cost

 

 

(1)

 

 

(1)

 

 

28 

 

 

26 

Amortization of net loss

 

 

141 

 

 

111 

 

 

 -

 

 

37 

Net periodic benefit cost

 

$

130 

 

$

 

$

124 

 

$

189 

We contributed $165,000 to our pension plan for the three months ended March 31, 2016.  We expect to contribute an additional $495,000 before December 31, 2016.