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Employee Pension Plans
3 Months Ended
Mar. 31, 2017
Employee Pension Plans [Abstract]  
Employee Pension Plans

(12)     Employee Pension Plans



The Company has a defined benefit pension plan and an unfunded supplemental retirement plan. Effective September 1, 2004, all benefit accruals under these plans were frozen; however, the current vested benefit was preserved. The pension disclosure presented below includes aggregated amounts for both of the Company’s plans.



The following table sets forth the net periodic benefit cost for the three months ended March 31, 2017 and 2016:





 

 

 

 

 



 

 

 

 

 



Three Months Ended March 31,

(in thousands)

2017

 

2016

Interest cost

$

975 

 

$

1,053 

Expected return on plan assets

 

(1,088)

 

 

(1,203)

Amortization of net loss

 

456 

 

 

427 

Other

 

213 

 

 

150 

Net periodic benefit cost

$

556 

 

$

427 



The Company contributed $0.8 million and $0.3 million to its defined benefit pension plan during the three months ended March 31, 2017 and 2016, respectively, and expects to contribute an additional $1.8 million later in 2017.