Pension

3 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Pension

Note 3 — Pension

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

	Three Months Ended March 31,
	2016			2015
Components of net periodic benefit cost:
Interest cost	$	15		$	15
Service cost		6			6
Expected return on plan assets		(23	)		(23	)
Amortization of prior service costs		2			2
Amortization of actuarial loss		28			31
	$	28		$	31

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 2016, the Company is not required to contribute to the plan. As of March 31, 2016, the Company did not make any contributions to the plan.