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Pension Information
6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension Information

(12) Pension Information

The Company also sponsors a pension plan which is a noncontributory defined benefit retirement plan. Annual payments, subject to the maximum amount deductible for federal income tax purposes, are made to a pension trust fund. In 2006, the Company amended the pension plan to provide that no employee could be added as a participant to the pension plan after December 31, 2006. In 2014, the Company amended the pension plan again to provide that no additional benefits would accrue beyond April 30, 2014.

Net periodic pension expense was as follows:

 

     Three months
ended June 30,
     Six months
ended June 30,
 
     2015     2014      2015     2014  

Service cost

   $ —        $ 94       $ —        $ 170   

Interest cost

     156        201         312        381   

Expected return on plan assets

     (283     (312      (566     (592

Other components

     70        89         140        132   
  

 

 

   

 

 

    

 

 

   

 

 

 

Net periodic pension cost (benefit)

   $ (57   $ 72       $ (114   $ 91   
  

 

 

   

 

 

    

 

 

   

 

 

 

The total amount of pension contributions expected to be paid by the Company in 2015 is $700, compared to $1,515 in 2014.