Quarterly report pursuant to Section 13 or 15(d)

Employee Retirement Plans

v2.4.0.8
Employee Retirement Plans
 3 Months Ended
Mar. 31, 2014
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,

 

 

 

2014

 

2013

 

 

 

 

 

 

 

 

 

Component of net periodic pension cost:

 

 

 

 

 

 

 

Service cost

 

$
54 

 

$
62 

 

Interest cost

 

 
374 

 

 
362 

 

Expected return on plan assets

 

 
(408)

 

 
(352)

 

Amortization of net loss

 

 
51 

 

 
301 

 

Net periodic pension cost

 

$
71 

 

$
373 

 

 

 

 

The Company estimates its total required minimum contributions to its pension plans in 2014 will be $1,409.  Through March 31, 2014, the Company has made $506 of cash contributions to the pension plans versus $95 through the same period in 2013.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

March 31,

 

March 31,

 

 

 

2014

 

2013

 

 

 

 

 

 

 

 

 

Component of periodic other postretirement benefit cost:

 

 

 

 

 

 

 

Service cost

 

$
40 

 

$
63 

 

Interest cost

 

 
53 

 

 
61 

 

Amortization of net gain

 

 
(100)

 

 
(43)

 

Net periodic other postretirement benefit  cost (income)

 

$
(7)

 

$
81