Retirement Plans

9 Months Ended

Sep. 30, 2020

Compensation And Retirement Disclosure [Abstract]

Retirement Plans

14.  Retirement Plans

The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s 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. The plan was frozen in 2007, and no benefits for service were accumulated after this date.

Net periodic pension cost is as follows:

	For the Quarter Ended September 30,						For the Nine Months Ended September 30,
	2020			2019			2020			2019
Interest cost	$	48		$	60		$	144		$	180
Expected return on assets		(51	)		(46	)		(153	)		(138	)
Amortization of net loss		20			24			60			72
Net periodic pension cost	$	17		$	38		$	51		$	114

The Company expects to make contributions to the plan totaling $150 in 2020.