Pension Plan

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021:

	Three months ended September 30				Nine months ended September 30
In thousands	2022		2021		2022		2021
Interest cost	$	75	$	64	$	227	$	190
Expected return on plan assets		(200)		(210)		(600)		(630)
Amortization of net actuarial loss		72		80		215		240
Net periodic pension (benefit) expense	$	(53)	$	(66)	$	(158)	$	(200)

As of September 30, 2022 and December 31, 2021, the Company had recorded a current pension liability of $0 and $129,000, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $3.2 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 has already contributed as of September 30, 2022.