Components of Net Periodic Pension Cost

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 10. Components of Net Periodic Pension Cost

The Company maintained a non-contributory defined benefit pension plan for substantially all of its employees until March 31, 2007, at which time the Company froze the plan. The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated.

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(in thousands)
Interest cost	$	129		$	144		$	267		$	288
Expected return on plan assets		(127	)		(149	)		(264	)		(298	)
Net amortization		108			56			216			112
Recognized settlement loss		115			—			565			—
Net periodic pension cost	$	225		$	51		$	784		$	102
Net actuarial gain	$	(261	)	$	—		$	(1,003	)	$	(1,281	)
Total recognized in other comprehensive income	$	(261	)	$	—		$	(1,003	)	$	(1,281	)
Total recognized in net expense and OCI (before tax)	$	(36	)	$	51		$	(219	)	$	(1,179	)

Contributions

The Company contributed $2.0 million to its Pension Trust during the second quarter of 2015. The Company does not plan on contributing additional amounts to the Pension Trust for the remainder of 2015. The trust is established to provide retirement and other benefits for eligible employees and their beneficiaries. No part of the trust assets may be applied to any purpose other than providing benefits under the plan and for defraying expenses of administering the plan and the trust.