Note 9 - Defined Benefit Pension Programs

6 Months Ended

Jun. 30, 2013

Pension and Other Postretirement Benefits Disclosure [Text Block]

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 9. DEFINED BENEFIT PENSION PLAN

The components of net periodic pension expense for the Company’s defined benefit pension plan are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Interest cost on projected benefit obligation	$	834		$	997		$	1,802		$	1,995
Expected return on plan assets		(1,247	)		(1,197	)		(2,694	)		(2,394	)
Recognized actuarial loss		477			424			992			848
Net periodic pension expense	$	64		$	224		$	100		$	449

During the first half of 2013, the Company contributed $1.2 million to fund the pension plan.