XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Pension and Other Postretirement Benefit Plans
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
10.
 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)   2019   2018
         
Employee Pension Plan:                
Interest cost   $
199
    $
195
 
Amortization of unrecognized loss    
67
     
155
 
Expected return on plan assets    
(272
)    
(363
)
Net employee pension benefit   $
(6
)   $
(13
)
                 
Outside Director Pension Plan:                
Service cost   $
10
    $
11
 
Interest cost    
21
     
20
 
Amortization of unrecognized gain    
(35
)    
(23
)
Amortization of past service liability    
     
3
 
Net outside director pension (benefit) expense   $
(4
)   $
11
 
                 
Other Postretirement Benefit Plans:                
Service cost   $
70
    $
88
 
Interest cost    
85
     
77
 
Amortization of past service credit    
(22
)    
(13
)
Net other postretirement expense   $
133
    $
152
 
 
The Company previously disclosed in its Consolidated Financial Statements for the year ended
December 31, 2018
that it expects to contribute
$
0.3
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, 2019.
The Company does
not
expect to make a contribution to the Employee Pension Plan (the “Employee Pension Plan”). As of
March 31, 2019,
the Company had contributed
$36,000
to the Outside Director Pension Plan and
$15,000
in contributions were made to the Other Postretirement Benefit Plans. As of
March 31, 2019,
the Company has
not
revised its expected contributions for the year ending
December 31, 2019.