XML 112 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Plans
6 Months Ended
Jun. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Retirement Plans
Retirement Plans
The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s frozen defined benefit pension plan ("The Pension Agreement between Akro-Mils and United Steelworkers of America Local No. 1761-02") provides benefits primarily based upon a fixed amount for each year of service as of the date the plan was frozen.
Net periodic pension cost are as follows:
 
Three Months Ended
June 30,
 
Six Months Ended
 June 30,
 
2013
 
2012
 
2013
 
2012
Service cost
$
8

 
$
18

 
$
16

 
$
35

Interest cost
65

 
72

 
130

 
144

Expected return on assets
(91
)
 
(77
)
 
(182
)
 
(153
)
Amortization of actuarial net loss
28

 
25

 
56

 
50

Net periodic pension cost
$
10

 
$
38

 
$
20

 
$
76

Company contributions
$
80

 
$
123

 
$
203

 
$
199



The Company anticipates contributions totaling $0.4 million to its pension plan for the full year of 2013.