Note 5 - Retirement Plans

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

5

.     Retirement Plans

The following table provides the components of net periodic benefit cost for our defined benefit pension plans for the three-month and six-month periods ended June 30, 2016 and 2015, respectively (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
Service cost	$	-		$	1,405		$	-		$	3,116
Interest cost		1,185			3,194			2,369			4,448
Expected return on plan assets		(1,298	)		(3,710	)		(2,595	)		(5,114	)
Loss amortization		153			900			306			1,740
Net periodic cost	$	40		$	1,789		$	80		$	4,190

During the six-month period ended June 30, 2016, we contributed $1.6 million to our defined benefit pension plans. During the remainder of 2016, we expect to contribute an additional $0.6 million to these plans.

During the three and six-month periods ended June 30, 2016, we contributed $1.2 million and $2.6 million, respectively, in matching contributions to our defined contribution plan, the Gray Television, Inc. Capital Accumulation Plan. During the remainder of 2016, we estimate that our contributions will be approximately $2.8

million to this plan, excluding discretionary profit-sharing contributions.