Note 5 - Retirement Plans

9 Months Ended

Sep. 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 pension plans for the three-month and nine-month periods ended September 30, 2016 and 2015, respectively (in thousands):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2016			2015		2016			2015
Service cost	$	-		$	-	$	-		$	3,116
Interest cost		1,185			-		3,554			4,448
Expected return on plan assets		(1,298	)		-		(3,892	)		(5,114	)
Loss amortization		153			-		458			1,740
Net periodic benefit cost	$	40		$	-	$	120		$	4,190

During the nine-month period ended September 30, 2016, we contributed $3.0 million to our defined benefit pension plans. During the remainder of 2016, we do not expect to make further contributions to these plans.

During the three and nine-month periods ended September 30, 2016, we contributed $1.5 million and $4.1 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 $1.4

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