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Note 9 - Pension and Other Postretirement Benefit Plans
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
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
March 31,
(In thousands)   2017   2016
         
Employee Pension Plan:                
Interest cost   $
216
    $
226
 
Amortization of unrecognized loss    
174
     
201
 
Expected return on plan assets    
(348
)    
(348
)
Net employee pension expense   $
42
    $
79
 
                 
Outside Director Pension Plan:                
Service cost   $
10
    $
11
 
Interest cost    
23
     
24
 
Amortization of unrecognized gain    
(23
)    
(21
)
Amortization of past service liability    
10
     
10
 
Net outside director pension expense   $
20
    $
24
 
                 
Other Postretirement Benefit Plans:                
Service cost   $
79
    $
90
 
Interest cost    
76
     
80
 
Amortization of unrecognized loss    
-
     
12
 
Amortization of past service liability    
(21
)    
(21
)
Net other postretirement expense   $
134
    $
161
 
 
The Company previously disclosed in its Consolidated Financial Statements for the year ended
December
31,
2016
that it expects to contribute
$0.3
million and
$0.2
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,
2017.
The Company does not expect to make a contribution to the Employee Pension Plan (the “Employee Pension Plan”). As of
March
31,
2017,
the Company has contributed
$36,000
to the Outside Director Pension Plan and
$18,000
to the Other Postretirement Benefit Plans. As of
March
31,
2017,
the Company has not revised its expected contributions for the year ending
December
31,
2017.