Note 9 - Pension and Other Postretirement Benefit Plans

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

9. Pension and Other Postretirement Benefit Plans

The following table sets forth information regarding the components of net expense for the pension and other postretirement benefit plans.

	Three months ended June 30,						Six months ended June 30,
(In thousands)	2014			2013			2014			2013
Employee Pension Plan:
Interest cost	$	223		$	207		$	446		$	414
Amortization of unrecognized loss		190			306			380			612
Expected return on plan assets		(336	)		(315	)		(672	)		(630	)
Net employee pension expense	$	77		$	198		$	154		$	396
Outside Director Pension Plan:
Service cost	$	13		$	21		$	26		$	42
Interest cost		29			24			58			48
Amortization of unrecognized gain		(15	)		(9	)		(30	)		(18	)
Amortization of past service liability		10			9			20			18
Net outside director pension expense	$	37		$	45		$	74		$	90
Other Postretirement Benefit Plans:
Service cost	$	90		$	112		$	180		$	224
Interest cost		63			55			126			110
Amortization of unrecognized loss		-			12			-			24
Amortization of past service credit		(22	)		(20	)		(43	)		(40	)
Net other postretirement expense	$	131		$	159		$	263		$	318

The Company previously disclosed in its Consolidated Financial Statements for the year ended December 31, 2013 that it expects to contribute $0.2 million and $0.3 million to the Outside Director Pension Plan (the “Outside Director Pension Plan”) and the other postretirement benefit plans (the “Other Postretirement Benefit Plans”), respectively, during the year ending December 31, 2014. The Company does not expect to make a contribution to the Employee Pension Plan (the “Employee Pension Plan”). As of June 30, 2014, the Company has contributed $48,000 to the Outside Director Pension Plan and $34,000 to the Other Postretirement Benefit Plans. As of June 30, 2014, the Company has not revised its expected contributions for the year ending December 31, 2014.