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Employee Pension Plans
 6 Months Ended
Jun. 30, 2018
Employee Pension Plans [Abstract]  
Employee Pension Plans

(11)     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, 2018 and 2017:







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended June 30,

 

Six Months Ended June 30,

(in thousands)

2018

 

2017

 

2018

 

2017

Interest cost

$

 883 

 

$

 975 

 

$

 1,766 

 

$

 1,950 

Expected return on plan assets

 

 (1,077)

 

 

 (1,088)

 

 

 (2,154)

 

 

 (2,176)

Amortization of net loss

 

 513 

 

 

 456 

 

 

 1,026 

 

 

 912 

Other

 

 213 

 

 

 213 

 

 

 426 

 

 

 426 

Net periodic benefit cost

$

 532 

 

$

 556 

 

$

 1,064 

 

$

 1,112 



The Company contributed $1.4 million to its defined benefit pension plan during each of the six-month periods ended June 30, 2018 and 2017,  and expects to contribute an additional $1.3 million by the end of 2018.