XML 31 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
Retirement Plans
3 Months Ended
Mar. 31, 2016
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans

11.  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:

 

 

 

For the Three Months Ended March 31,

 

 

 

2016

 

 

2015

 

Interest cost

 

$

68

 

 

$

68

 

Expected return on assets

 

 

(80

)

 

 

(83

)

Amortization of net loss

 

 

20

 

 

 

22

 

Net periodic pension cost

 

$

8

 

 

$

7

 

Company contributions

 

$

 

 

$

78

 

 

The Company does not expect to make a contribution to the plan in 2016.