Note 6 - Retirement Plans

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

6 .  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, 2017

and

2016

(in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Service cost	$	-		$	-		$	-		$	-
Interest cost		1,528			1,185			2,335			2,369
Expected return on plan assets		(1,848	)		(1,298	)		(2,824	)		(2,595	)
Loss amortization		158			153			242			306
Net periodic cost	$	(162	)	$	40		$	(247	)	$	80

During the

six

-month period ended

June 30, 2017,

we contributed

$0.6

million to our defined benefit pension plans. During the remainder of

2017,

we expect to contribute an additional

$1.7

million to these plans.

During the

three

and

six

-month periods ended

June 30, 2017,

we contributed

$1.8

million and

$3.7

million, respectively, in matching contributions to our defined contribution plan, the Gray Television, Inc. Capital Accumulation Plan. During the remainder of

2017,

we estimate that our contributions will be approximately

$3.2

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