Pension Information

6 Months Ended

Jun. 30, 2020

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 cost was as follows:

	Three months ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Service cost	$	—		$	—		$	—		$	—
Interest cost		121			128			242			256
Expected return on plan assets		(187	)		(256	)		(374	)		(512	)
Other components		72			147			145			294
Net periodic pension cost	$	6		$	19		$	13		$	38

The Company does not expect to make any contribution to its pension plan in 2020. The Company made no contribution to its pension plan in 2019.