Quarterly report pursuant to Section 13 or 15(d)

Employee Retirement Plans

v2.4.1.9
Employee Retirement Plans
 3 Months Ended
Mar. 31, 2015
Employee Retirement Plans  
Employee Retirement Plans

8.Employee Retirement Plans

 

The components of net periodic pension cost consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

March 31,

 

March 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

Component of net periodic pension cost:

 

 

 

 

 

 

 

Service cost

 

$
64 

 

$
54 

 

Interest cost

 

 
372 

 

 
374 

 

Expected return on plan assets

 

 
(407)

 

 
(408)

 

Amortization of net loss

 

 
255 

 

 
51 

 

Net periodic pension cost

 

$
284 

 

$
71 

 

 

 

The Company estimates its total required minimum contributions to its pension plans in 2015 will be $1,126.  Through March  31, 2015,  the Company has made $226 of cash contributions to the pension plans versus $506 through the same period in 2014.

 

Components of net periodic other postretirement benefit cost (gain) consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

Component of periodic other postretirement benefit cost (gain):

 

 

 

 

 

 

 

Service cost

 

$
57 

 

$
40 

 

Interest cost

 

 
64 

 

 
53 

 

Amortization of net gain

 

 
(17)

 

 
(100)

 

Net periodic other postretirement benefit  cost (gain)

 

$
104 

 

$
(7)