EMPLOYEE BENEFIT PLAN

3 Months Ended

Mar. 31, 2015

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 costs for such retirement medical plan were as follows:

	Three months Ended March 31,
	2015			2014
Service cost	$	13		$	14
Interest cost		9			12
Amortization of prior service credit		(5	)		(5	)
Amortization of loss		-			2
Net periodic benefit cost	$	17		$	23

The amount recorded for this obligation on the Company’s balance sheet as of March 31, 2015 and December 31, 2014 is $1,134 and $1,111, 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.