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Note 9 - Pension plan
6 Months Ended
Jun. 30, 2011
Note 9 - Pension plan  
Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 9 – Pension plan

 

Net periodic pension costs consist of the following:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2010

 

 

2011

 

 

2010

 

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

44

 

 

$

70

 

 

$

88

 

 

$

141

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost on projected

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  benefit obligation

 

 

1,006

 

 

 

664

 

 

 

2,012

 

 

 

1,759

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected return on plan assets

 

 

(1,003

)

 

 

(1,132

)

 

 

(2,007

)

 

 

(2,189

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net amortization and deferral

 

 

328

 

 

 

423

 

 

 

657

 

 

 

789

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension cost

 

$

375

 

 

$

25

 

 

$

750

 

 

$

500

 

 

We are required and expect to make $2.1 million in contributions to our pension plan in 2011. We contributed $0.5 million during the second quarter of 2011 and expect to contribute the remaining $1.6 million during the second half of 2011.