Employee Benefit Plans

6 Months Ended

Jun. 30, 2011

Employee Benefit Plans [Abstract]

Employee Benefit Plans

(7) Employee Benefit Plans

     Employee benefits charged to operating expenses are summarized in the table below.

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Payroll taxes	$	264,350	$	283,673	$	578,879	$	605,640
Medical plans		434,470		393,503		876,789		798,355
401k match		67,414		73,776		135,013		153,788
Pension plan		227,592		216,298		455,185		432,597
Profit-sharing		16,000		—		39,000		72,470
Other		58,405		32,688		99,968		74,016
Total employee benefits	$	1,068,231	$	999,938	$	2,184,834	$	2,136,866

     Our Company’s profit-sharing plan includes a matching 401k portion, in which our Company matches the first 3% of eligible employee contributions. Our Company made annual contributions in an amount up to 6% of income before income taxes and before contributions to the profit-sharing and pension plans for all participants, limited to the maximum amount deductible for Federal income tax purposes, for each of the years shown. In addition, employees were able to make additional tax-deferred contributions.

     Pension

     Our Company also provides a noncontributory defined benefit pension plan for all full-time employees. An employer is required to recognize the funded status of a defined benefit postretirement plan as an asset or liability in its balance sheet and to recognize changes in that funded status in the year in which the changes occur through comprehensive income. Under our Company’s funding policy for the defined benefit pension plan, contributions are made to a trust as necessary to provide for current service and for any unfunded accrued actuarial liabilities over a reasonable period. To the extent that these requirements are fully covered by assets in the trust, a contribution might not be made in a particular year. Our Company made a $554,000 contribution to the defined benefit plan in 2010, and the minimum required contribution for 2011 is estimated to be $997,000. Our Company has contributed $767,000 to the plan for the year.

     The following items are components of net pension cost for the periods indicated:

	Estimated			Actual
	2011			2010
Service cost—benefits earned during the year	$	930,691		$	844,178
Interest costs on projected benefit obligations		603,903			556,047
Expected return on plan assets		(702,852	)		(613,982	)
Amortization of prior service cost		78,628			78,628
Net periodic pension expense	$	910,370		$	864,871
Pension expense — three months ended June 30, (actual)	$	227,593		$	216,299
Pension expense — six months ended June 30, (actual)	$	455,185		$	432,597