Pension Benefit Plans

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Pension Benefit Plans

PENSION BENEFIT PLANS

The following table presents the components of pension expense and components of other post-retirement benefit expense (income) for HNH's pension plans and the pension plan of CoSine's API subsidiary:

	Pension Benefits
	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Interest cost	$	5,664		$	5,248		$	10,424		$	10,496
Expected return on plan assets	(6,513		)	(6,050		)	(12,030		)	(12,100		)
Administrative costs / investment management fees	189			—			189			—
Amortization of actuarial loss	1,595			577			3,190			1,154
Total	$	935		$	(225	)	$	1,773		$	(450	)

HNH expects to have required minimum contributions to the WHX Pension Plan of $10,300 for the remainder of 2015, $14,300, $15,300, $17,000, $18,300 and $56,400 in 2016, 2017, 2018, 2019 and for the five years thereafter, respectively. CoSine's subsidiary API expects to have required minimum contributions to the UK Pension Plan of approximately $1,102 per year until 2021. Required future contributions are determined based upon assumptions such as discount rates on future obligations, assumed rates of return on plan assets and legislative changes. Actual future pension costs and required funding obligations will be affected by changes in the factors and assumptions described in the previous sentence, as well as other changes such as any plan termination or other acceleration events.

In addition to its pension plans, which are included in the table above, HNH also maintains several other post-retirement benefit plans covering certain of its employees and retirees. The approximate aggregate expense for these plans was $400 and $500 for the three months ended June 30, 2015 and 2014, respectively, and $900 and $900 for the six months ended June 30, 2015 and 2014, respectively.