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Pension and Employee Benefit Plans
9 Months Ended
Sep. 30, 2018
Compensation And Retirement Disclosure [Abstract]  
Pension and Employee Benefit Plans

11.

Pension and Employee Benefit Plans

We sponsor a non-contributory defined benefit pension plan for certain union employees. The plan is funded in accordance with the funding requirements of the Employee Retirement Income Security Act of 1974.

We also sponsor a postretirement health care plan for office employees retired before January 1, 1990. The plan allowed retirees who attained the age of 65 to elect the type of coverage desired.

We present service cost within cost of sales and selling and administrative expenses depending on where the relevant employees compensation costs are recorded, and we present other components of net periodic benefit cost (gain) within other expense, net on the Condensed Consolidated Statements of Operations.

Retirement and health care plan expense is based on valuations performed by plan actuaries as of the beginning of each fiscal year. The components of the expense consisted of the following:

 

 

(Table only in thousands)

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Pension plan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

 

 

$

101

 

 

$

 

 

$

315

 

Interest cost

 

 

298

 

 

 

329

 

 

 

893

 

 

 

986

 

Expected return on plan assets

 

 

(378

)

 

 

(431

)

 

 

(1,134

)

 

 

(1,292

)

Amortization of net actuarial loss

 

 

59

 

 

 

57

 

 

 

178

 

 

 

170

 

Net periodic benefit cost (gain)

 

$

(21

)

 

$

56

 

 

$

(63

)

 

$

179

 

Health care plan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

1

 

 

$

1

 

 

$

2

 

 

$

2

 

Amortization of loss

 

 

2

 

 

 

2

 

 

 

7

 

 

 

6

 

Net periodic benefit cost

 

$

3

 

 

$

3

 

 

$

9

 

 

$

8

 

 

 

We made contributions to our defined benefit plans during the nine months ended September 30, 2018 and 2017 totaling $0.6 million and $1.6 million, respectively. We anticipate $0.2 million and $24,000 of further contributions to fund the pension plan and the retiree health care plan, respectively, during the remainder of 2018. The unfunded liability of the plans of $9.1 million and $9.6 million as of September 30, 2018 and December 31, 2017, respectively, is included in Other liabilities on our Condensed Consolidated Balance Sheets.