EMPLOYEE BENEFIT PLAN

6 Months Ended

Jun. 30, 2014

EMPLOYEE BENEFIT PLAN [Abstract]

EMPLOYEE BENEFIT PLAN

NOTE 13 – 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 six months ended June 30, 2014 and June 30, 2013 was as follows:

	2014			2013
Service cost	$	28		$	33
Interest cost		24			21
Amortization of prior service credit		(9	)		(9	)
Amortization of loss/(gain)		3			6
Net periodic benefit cost	$	46		$	51

The amount recorded for this obligation on the Company’s balance sheet as of June 30, 2014 and December 31, 2013 is $1,206 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.