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Pension Plans (Tables)
6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Schedule of the components of pension (income) expense

The Company recorded periodic pension cost (income) totaling ($93,000) and ($241,000) for the three months ended June 30, 2018 and 2017, respectively, which primarily related to investment income from the Pension Plan’s assets. The following table contains the components of the pension cost (income).

 

   For the Three Months Ended June 30, 
   2018   2017   2018   2017   2018 Total   2017 Total 
($ in thousands)  Pension Plan   Pension Plan   SERP   SERP   Both Plans   Both Plans 
Service cost  $        33    32    33    32 
Interest cost   326    350    53    53    379    403 
Expected return on plan assets   (556)   (730)           (556)   (730)
Amortization of net (gain)/loss   59    62    (8)   (8)   51    54 
   Net periodic pension cost (income)  $(171)   (318)   78    77    (93)   (241)

 

The Company recorded pension cost (income) totaling $272,000 and $(403,000) for the six months ended June 30, 2018 and 2017, respectively. The following table contains the components of the pension cost (income).

 

   For the Six Months Ended June 30, 
   2018   2017   2018   2017   2018 Total   2017 Total 
($ in thousands)  Pension Plan   Pension Plan   SERP   SERP   Both Plans   Both Plans 
Service cost  $        62    59    62    59 
Interest cost   656    725    110    113    766    838 
Expected return on plan assets   (659)   (1,405)           (659)   (1,405)
Amortization of net (gain)/loss   119    122    (16)   (17)   103    105 
   Net periodic pension cost (income)  $116    (558)   156    155    272    (403)