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Postretirement Benefits
3 Months Ended
Sep. 30, 2011
Postretirement Benefits [Abstract] 
Postretirement Benefits

Note 6 –   Postretirement Benefits

We and certain of our operating subsidiaries provide multiple postretirement medical and life insurance benefit plans. We recognize the cost of benefits as the employees render service. Postretirement benefits are funded as incurred.


The following table summarizes the components of net periodic benefit cost for our postretirement plans:

 

 

 

 

Three Months Ended

September 30

 

2011

 

2010

Components of net periodic benefit cost

 

 

 

Service cost

        $   6

 

    $     6

Interest cost

           37

 

         34

Amortization of unrecognized net gain

            (8)

 

        (12)

Amortization of prior service asset

            (1)

 

          (1)

 

 

 

 

 

 

          Net periodic benefit cost

        $ 34

 

    $  27

 

For the three months ended September 30, 2011, we made approximately $36,000 in contributions to our postretirement medical and life insurance benefit plans. We expect to make approximately $0.2 million more in contributions to our postretirement medical and life insurance benefit plans during the remainder of 2012.