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 nine months ended September 30, 2019 and 2018:

	Three months ended September 30				Nine months ended September 30
In thousands	2019		2018		2019		2018
Interest cost	$	125	$	114	$	376	$	340
Expected return on plan assets		(172)		(203)		(517)		(609)
Amortization of net actuarial loss		65		56		196		168
Net periodic pension expense (benefit)	$	18	$	(33)	$	55	$	(101)

As of September 30, 2019 and December 31, 2018, the Company had recorded a current pension liability of $778,000 and $623,000, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $3.0 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 $544,000 in the first nine months of the year and $85,000 subsequent to September 30, 2019, so the Company believes the minimum required contribution for 2019 has been met.