Pension

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension

Note 3 — Pension

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Components of net periodic benefit cost:
Interest cost	$	19		$	16		$	35		$	33
Service cost		3			10			13			20
Expected return on plan assets		(29	)		(17	)		(47	)		(35	)
Amortization of prior service costs		2			2			5			5
Amortization of actuarial loss		23			35			58			71
	$	17		$	47		$	64		$	93

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. As of June 30, 2014 the Company contributed approximately $160,000 to the plan.