Note F - Defined Benefit Pension Plan

9 Months Ended

Mar. 31, 2016

Pension and Other Postretirement Benefits Disclosure [Text Block]

F. Defined Benefit Pension Plan

We sponsor a defined benefit pension plan that provides retirement benefits to employees based generally on years of service and compensation during the last five years before retirement. Effective June 20, 1999, we adopted an amendment to freeze benefit accruals to the participants. We contribute an amount not less than the minimum funding requirements of the Employee Retirement Income Security Act of 1974 nor more than the maximum tax-deductible amount.

The components included in the net periodic expense for the three- and nine-month periods ended March 31 were as follows (in thousands):

	Three Months Ended March 31,						Nine Months Ended March 31,
	201 6			201 5			201 6			201 5
Interest cost	$	23		$	21		$	69		$	63
Expected return on plan assets		(10	)		(8	)		(31	)		(25	)
Net periodic expense	$	13		$	13		$	38		$	38