Retirement Plans

6 Months Ended

Jun. 30, 2021

Compensation And Retirement Disclosure [Abstract]

Retirement Plans

13.  Retirement Plans

The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s 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. The plan was frozen in 2007, and no benefits for service were accumulated after this date.

Net periodic pension cost is as follows:

	For the Quarter Ended June 30,						For the Six Months Ended June 30,
	2021			2020			2021			2020
Interest cost	$	38		$	48		$	76		$	96
Expected return on assets		(48	)		(51	)		(96	)		(102	)
Amortization of net loss		21			20			42			40
Net periodic pension cost	$	11		$	17		$	22		$	34

The Company expects to make contributions to the plan totaling $112 in 2021.