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Pension Plan
3 Months Ended
Mar. 31, 2023
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:

 

 

Three months ended March 31

In thousands

2023

 

2022

Interest cost

$

134

 

$

76

Expected return on plan assets

(145)

(200)

Amortization of net actuarial loss

 

74

 

 

71

Net periodic pension benefit

$

63

 

$

(53)

 

As of both March 31, 2023 and December 31, 2022, all pension contributions were due more than one year from the respective reporting dates, so the Company did not record a current pension liability.  As of both March 31, 2023 and December 31, 2022, the Company recorded a long-term pension liability of $2.9 million, which is included in deferred pension liability and other in the Condensed Consolidated Balance Sheets.  There is not expected to be a minimum required contribution in 2023.