Pension Plan

9 Months Ended

Sep. 30, 2021

Pension Plan [Line Items]

Retirement Benefits [Text Block]

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, 2021 and 2020:

	Three months ended September 30				Nine months ended September 30
In thousands		2021		2020		2021		2020
Interest cost	$	64	$	96	$	190	$	289
Expected return on plan assets		(210)		(203)		(630)		(610)
Amortization of net actuarial loss		80		70		240		211
Net periodic pension (benefit) expense	$	(66)	$	(37)	$	(200)	$	(110)

As of September 30, 2021 and December 31, 2020, the Company had recorded a current pension liability of $128,000 and $1.0 million, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $4.0 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 2021 is expected to be $388,000, of which the Company has contributed $306,000 as of September 30, 2021.