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Pension Information
 9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension Information

(11) Pension Information

The Company 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 benefit was as follows:

 

     Three months ended
September 30,		      Nine months ended
September 30,		  
     2016      2015      2016      2015  

Service cost

    $ —         $ —         $ —         $ —     

Interest cost

      170         156         509         468   

Expected return on plan assets

      (274 )       (283 )       (521 )       (848 ) 

Other components

      83         70         249         210   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net periodic pension benefit

    $ (21 )     $ (57 )     $ 237       $ (170 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

The total amount of pension contributions expected to be paid by the Company in 2016 is $500, compared to $700 in 2015.