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Retirement Plans
9 Months Ended
Sep. 30, 2016
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans

11.  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:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Interest cost

 

$

68

 

 

$

68

 

 

$

204

 

 

$

204

 

Expected return on assets

 

 

(80

)

 

 

(83

)

 

 

(240

)

 

 

(248

)

Amortization of net loss

 

 

20

 

 

 

22

 

 

 

61

 

 

 

66

 

Net periodic pension cost

 

$

8

 

 

$

7

 

 

$

25

 

 

$

22

 

Company contributions

 

$

 

 

$

 

 

$

 

 

$

148

 

 

The Company does not expect to make a contribution to the plan in 2016.