EMPLOYEE BENEFIT PLAN

3 Months Ended

Mar. 31, 2014

EMPLOYEE BENEFIT PLAN [Abstract]

EMPLOYEE BENEFIT PLAN

NOTE 11 – EMPLOYEE BENEFIT PLAN

The Company currently provides postretirement benefits in the form of a retirement medical plan under a collective bargaining agreement covering eligible retired employees of its Verona, Missouri facility.

Net periodic benefit cost for such retirement medical plan for the three months ended March 31, 2014 and March 31, 2013 was as follows:

	2014			2013
Service cost	$	14		$	13
Interest cost		12			10
Amortization of prior service credit		(5	)		(5	)
Amortization of loss/(gain)		2			(1	)
Net periodic benefit cost	$	23		$	17

The amount recorded for this obligation on the Company’s balance sheet as of March 31, 2014 and December 31, 2013 is $1,179 and $1,152, respectively, and is included in other long-term obligations. The plan is unfunded and approved claims are paid from Company funds. Historical cash payments made under such plan have typically been less than $100 per year.