XML 57 R19.htm IDEA: XBRL DOCUMENT v3.2.0.727
Retirement Plans
6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Retirement Plans
Retirement Plans
The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s frozen defined benefit pension plan ("The Pension Agreement between Akro-Mils and United Steelworkers of America Local No. 1761-02") provides benefits primarily based upon a fixed amount for each year of service as of the date the plan was frozen.
Net periodic pension cost are as follows:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
Interest cost
$
68

 
$
70

 
$
136

 
$
140

Expected return on assets
(83
)
 
(93
)
 
(166
)
 
(185
)
Amortization of actuarial net loss
22

 
11

 
44

 
22

Net periodic pension (benefit) cost
$
7

 
$
(12
)
 
$
14

 
$
(23
)
Company contributions
$
70

 
$
72

 
$
148

 
$
152



The Company does not anticipate additional contributions to its pension plan in the second half of 2015.