Pension

9 Months Ended

Sep. 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 September 30,					Nine Months Ended September 30,
	2014			2013		2014			2013
Components of net periodic benefit cost:
Interest cost	$	18		$	5	$	53		$	48
Service cost		6			13		19			30
Expected return on plan assets		(23	)		2		(70	)		(53	)
Amortization of prior service costs		2			3		7			8
Amortization of actuarial loss		29			29		87			106
	$	32		$	52	$	96		$	139

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 $200,000. As of September 30, 2014 the Company contributed approximately $160,000 to the plan.