EMPLOYEE BENEFIT PLAN

3 Months Ended

Mar. 31, 2016

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,
	2016			2015
Service cost	$	10		$	13
Interest cost		9			9
Amortization of prior service credit		(2	)		(5	)
Amortization of gain		(3	)		-
Net periodic benefit cost	$	14		$	17

The amount recorded for this obligation on the Company’s balance sheet as of March 31, 2016 and December 31, 2015 is $974 and $958, 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.