Pension Plan

6 Months Ended

Jun. 30, 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 for the three and six months ended June 30, 2023 and 2022:

In thousands	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
Interest cost	$	134	$	76	$	268	$	152
Expected return on plan assets		(146)		(200)		(291)		(400)
Amortization of net actuarial loss		74		72		148		143
Net periodic pension expense (benefit)	$	62	$	(52)	$	125	$	(105)

As of June 30, 2023, the Company had recorded a current pension liability of $73,000, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $2.9 million, which is included in deferred pension liability and other in the Condensed Consolidated Balance Sheets.  As of December 31, 2022, all pension contributions were due more than one year from the reporting date, so the Company did not record a current pension liability, and the Company had recorded a long-term pension liability of $2.9 million.  There is not expected to be a minimum required contribution in 2023.