Note 8 – Pension Plan

As of December 31, 2003, the benefit service under the pension plan had been frozen and, accordingly, there is no service cost. As of April 30, 2009, the compensation increments had been frozen and, accordingly, no additional benefits are being accrued under the pension plan.

The following table presents the components of net periodic pension cost for the three and six months ended June 30, 2019 and 2018:

	Three months ended June 30				Six months ended June 30
In thousands	2019		2018		2019		2018
Interest cost	$	126	$	114	$	251	$	227
Expected return on plan assets		(173)		(203)		(345)		(406)
Amortization of net actuarial loss		66		56		131		112
Net periodic pension expense (benefit)	$	19	$	(33)	$	37	$	(67)

As of June 30, 2019 and December 31, 2018, the Company had recorded a current pension liability of $475,000 and $623,000, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $3.5 million and $3.7 million, respectively, which is included in deferred pension liability and other in the Condensed Consolidated Balance Sheets. The minimum required contribution in 2019 is expected to be $629,000, of which the Company contributed $391,000 in the first half of the year and $85,000 subsequent to June 30, 2019.