Pension

3 Months Ended

Mar. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Pension

Note 3 — Pension

Components of net periodic pension cost are as follows (in thousands):

	Three Months Ended
	March 31			March 31
	2014			2013
Components of net periodic benefit cost:
Interest cost	$	16		$	17
Service cost		10			9
Expected return on plan assets		(17	)		(27	)
Amortization of prior service costs		2			2
Amortization of actuarial loss		35			39
	$	46		$	40

The Company’s funding policy with respect to its qualified plan is to contribute at least the minimum amount required by applicable laws and regulations. In 2014, the Company is required to contribute approximately $235,000.