SUBSEQUENT EVENT

12 Months Ended

Dec. 31, 2014

SUBSEQUENT EVENT [Abstract]

Subsequent Events [Text Block]

22.  SUBSEQUENT EVENTS (UNAUDITED)

In February 2015, the Company significantly curtailed future eligibility to participate in the Postretirement Benefit Plan.  Under the revised plan document, only persons having retired on or before April 1, 2015 will be eligible to receive benefits under the Postretirement Benefit Plan. In order to maintain eligibility to participate in the Postretirement Benefit Plan, active employees wishing to retire on or before April 1, 2015 were required to notify the Company in writing of such intent to retire prior to March 15, 2015.

While the ultimate impact of this amendment to the Postretirement Benefit Plan cannot be measured until after the date of this filing, the amendment is actuarially projected to reduce the plan's funded projected benefit obligation by approximately $2,300, based upon the valuation assumptions utilized as of December 31, 2014.  Both an adjustment to accumulated other comprehensive income and a curtailment gain are likely to be recognized to effect the reduction in the funded projected benefit obligation.