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Employee Pension Plans
 6 Months Ended
Jun. 30, 2017
Employee Pension Plans [Abstract]  
Employee Pension Plans

(10)     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 and six months ended June 30, 2017 and 2016:







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended June 30,

 

Six Months Ended June 30,

(in thousands)

2017

 

2016

 

2017

 

2016

Interest cost

$

 975 

 

$

 1,053 

 

$

 1,950 

 

$

 2,106 

Expected return on plan assets

 

 (1,088)

 

 

 (1,203)

 

 

 (2,176)

 

 

 (2,406)

Amortization of net loss

 

 456 

 

 

 427 

 

 

 912 

 

 

 854 

Other

 

 213 

 

 

 150 

 

 

 426 

 

 

 300 

Net periodic benefit cost

$

 556 

 

$

 427 

 

$

 1,112 

 

$

 854 



The Company contributed $1.4 million and $0.8 million to its defined benefit pension plan during the six months ended June 30, 2017 and 2016, respectively, and expects to contribute an additional $1.2 million later in 2017.