Quarterly report pursuant to Section 13 or 15(d)

Employee Retirement Plans

v2.4.0.6
Employee Retirement Plans
3 Months Ended
Mar. 31, 2012
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,
2012

 

March 31,
2011

 

 

 

 

 

 

 

Component of net periodic pension cost:

 

 

 

 

 

Service cost

 

$

67

 

$

240

 

Interest cost

 

370

 

385

 

Expected return on plan assets

 

(318

)

(339

)

 

 

 

 

 

 

Amortization of net loss

 

192

 

113

 

Net periodic pension cost

 

$

311

 

$

399

 

 

The Company estimates its total required minimum contributions to its pension plans in 2012 will be $2,512.  Through March 31, 2012, the Company has made $347 of cash contributions to the pension plans in 2012 versus $875 through the same period in 2011.

 

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

 

 

 

Three months ended

 

 

 

March 31,
2012

 

March 31,
2011

 

 

 

 

 

 

 

Components of net periodic other postretirement benefit cost

 

 

 

 

 

Service cost

 

$

70

 

$

66

 

Interest cost

 

90

 

102

 

Amortization of net gain

 

(4

)

(15

)

Net periodic other postretirement benefit cost

 

$

156

 

$

153