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Note 9 - Pension and Other Postretirement Benefit Plans
9 Months Ended
Sep. 30, 2018
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
September 30,
  Nine months ended
September 30,
(In thousands)   2018   2017   2018   2017
                 
Employee Pension Plan:                                
Interest cost   $
195
    $
216
    $
585
    $
648
 
Amortization of unrecognized loss    
155
     
174
     
465
     
523
 
Expected return on plan assets    
(363
)    
(348
)    
(1,089
)    
(1,044
)
Net employee pension ( benefit) expense   $
(13
)   $
42
    $
(39
)   $
127
 
                                 
Outside Director Pension Plan:                                
Service cost   $
11
    $
10
    $
33
    $
30
 
Interest cost    
19
     
23
     
60
     
69
 
Amortization of unrecognized gain    
(23
)    
(23
)    
(69
)    
(69
)
Amortization of past service liability    
3
     
10
     
9
     
30
 
Net outside director pension expense   $
10
    $
20
    $
33
    $
60
 
                                 
Other Postretirement Benefit Plans:                                
Service cost   $
88
    $
79
    $
264
    $
237
 
Interest cost    
77
     
76
     
231
     
228
 
Amortization of past service credit    
(13
)    
(21
)    
(37
)    
(64
)
Net other postretirement expense   $
152
    $
134
    $
458
    $
401
 
 
The Company previously disclosed in its Consolidated Financial Statements for the year ended
December 31, 2017
that it expects to contribute
$
0.2
million to each of the Outside Director Pension Plan (the “Outside Director Pension Plan”) and the other postretirement benefit plans (the “Other Postretirement Benefit Plans”), during the year ending
December 31, 2018.
The Company does
not
expect to make a contribution to the Employee Pension Plan (the “Employee Pension Plan”). As of
September 30, 2018,
the Company has contributed
$72,000
to the Outside Director Pension Plan and
$64,000
in contributions were made to the Other Postretirement Benefit Plans. As of
September 30, 2018,
the Company has
not
revised its expected contributions for the year ending
December 31, 2018.