Pension Plan

6 Months Ended

Jun. 30, 2022

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 six months ended June 30, 2022 and 2021:

	Three months ended June 30				Six months ended June 30
In thousands	2022		2021		2022		2021
Interest cost	$	76	$	64	$	152	$	127
Expected return on plan assets		(200)		(210)		(400)		(420)
Amortization of net actuarial loss		72		80		143		160
Net periodic pension (benefit) expense	$	(52)	$	(66)	$	(105)	$	(133)

As of June 30, 2022 and December 31, 2021, the Company had recorded a current pension liability of $138,000 and $129,000, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $3.3 million and $3.4 million, respectively, which is included in deferred pension liability and other in the Condensed Consolidated Balance Sheets.  The minimum required contribution in 2022 is expected to be $138,000, which the Company expects to contribute in 2022, but none of which the Company has contributed as of June 30, 2022.