Pension

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Pension

3. Pension

In December 1995, the Company’s Board of Directors approved an amendment to the Company’s United States pension plan that terminated all future benefit accruals as of February 1, 1996, without terminating the pension plan.

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Service cost	$	9		$	9		$	18		$	18
Interest cost	$	9		$	10		$	18		$	20
Expected return on plan assets		(14	)		(17	)		(29	)		(34	)
Amortization of actuarial loss		22			22			44			44
Total non-service cost	$	17		$	15		$	33		$	30
Net periodic pension cost	$	26		$	24		$	51		$	48

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. The Company is not required to contribute to the plan in 2019 and the Company did not make any contributions to the plan in the six months ended June 30, 2019.