Quarterly report pursuant to Section 13 or 15(d)

Employee Retirement Plans

v2.4.0.6
Employee Retirement Plans
3 Months Ended
Mar. 31, 2013
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,
2013

 

March 31,
2012

 

 

 

 

 

 

 

Component of net periodic pension cost:

 

 

 

 

 

Service cost

 

$

62

 

$

67

 

Interest cost

 

362

 

370

 

Expected return on plan assets

 

(352

)

(318

)

Amortization of net loss

 

301

 

192

 

Net periodic pension cost

 

$

373

 

$

311

 

 

The Company estimates its total required minimum contributions to its pension plans in 2013 will be $827.  Through March 31, 2013, the Company has made $95 of cash contributions to the pension plans in 2013 versus $347 through the same period in 2012.

 

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

 

 

 

Three months ended

 

 

 

March 31,
2013

 

March 31,
2012

 

 

 

 

 

 

 

Components of net periodic other postretirement benefit cost

 

 

 

 

 

Service cost

 

$

63

 

$

70

 

Interest cost

 

61

 

90

 

Amortization of net gain

 

(43

)

(4

)

Net periodic other postretirement benefit cost

 

$

81

 

$

156