Components of Net Periodic Pension Cost

3 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 10. Components of Net Periodic Pension Cost

The Company maintained a non-contributory defined benefit pension plan for substantially all of its employees until March 31, 2007, at which time the Company froze the plan. The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated.

	Three Months Ended March 31,
	2015			2014
Interest cost	$	138		$	144
Expected return on plan assets		(137	)		(149	)
Net amortization		108			56
Recognized settlement loss		450			—
Total periodic pension expense	$	559		$	51
Net actuarial gain	$	(742	)	$	(1,281	)
Total recognized in other comprehensive income	$	(742	)	$	(1,281	)
Total recognized in net periodic expense and other comprehensive income (before tax)	$	(183	)	$	(1,230	)

Contributions

The Company presently estimates that it will contribute $2.0 million to its Pension Trust in 2015. The trust is established to provide retirement and other benefits for eligible employees and their beneficiaries. No part of the trust assets may be applied to any purpose other than providing benefits under the plan and for defraying expenses of administering the plan and the trust.