Net Periodic Benefit Cost-Defined Benefit Plans

6 Months Ended

Jun. 30, 2013

Net Periodic Benefit Cost-Defined Benefit Plans

Net Periodic Benefit Cost-Defined Benefit Plans

Note 8.  Net Periodic Benefit Cost-Defined Benefit Plans

For a detailed disclosure on the Company’s pension and employee benefits plans, please refer to Note 12 of the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2012.

The following sets forth the components of the net periodic benefit cost of the domestic non-contributory defined benefit plan for the three months ended June 30, 2013 and 2012, respectively:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In Thousands)	2013			2012			2013			2012
Service cost	$	159		$	156		$	318		$	313
Interest cost	193			186			386			372
Expected return on plan assets	(246		)	(195		)	(492		)	(391		)
Amortization of transition obligation	—			—			—			(1		)
Amortization of prior service cost	6			6			13			13
Amortization of net loss	120			109			239			218
Net periodic cost	$	232		$	262		$	464		$	524

Employer Contributions

The Company previously disclosed in its consolidated financial statements, included in the Annual Report on Form 10-K for the year ended December 31, 2012, that it expected to contribute a minimum of $400,000 to its defined benefit plan in 2013.  As of June 30, 2013, there were contributions of $430,000 made to the plan with additional contributions of at least $175,000 anticipated during the remainder of 2013.