Note 6 - Pension and Post-Retirement Benefits

3 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 6:  Pension and Post-retirement Benefits

Net periodic benefit costs for the Company's defined benefit pension plans consist of the following (in thousands):

	Three Months Ended
	9/30/2014			9/30/2013
Service cost	$	694		$	709
Interest cost		1,690			1,715
Expected return on plan assets		(1,740	)		(1,562	)
Amortization of prior service cost		-			29
Amortization of net loss		7			3
	$	651		$	894

Net periodic benefit costs for the Company's postretirement medical plan and life insurance consists of the following (in thousands):

	Three Months Ended
	9/30/2014			9/30/2013
Service cost	$	28		$	88
Interest cost		61			133
Amortization of prior service credit		(200	)		(126	)
	$	(111	)	$	95

The Company’s pension plans use fair value as the market-related value of plan assets and recognize net actuarial gains or losses in excess of ten percent (10%) of the greater of the market-related value of plan assets or of the plans’ projected benefit obligation in net periodic (benefit) cost as of the plan measurement date, which is the same as the fiscal year end of the Company. Net actuarial gains or losses that are less than 10% of the thresholds noted above are accounted for as part of the accumulated other comprehensive income (loss).

Effective December 31, 2013, the Company terminated the eligibility of employees ages 55 -64 years old to enter into the Postretirement Medical Plan.