Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans

v2.4.0.6
Employee Benefit Plans
 6 Months Ended
Sep. 30, 2012
Employee Benefit Plans [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 10 – EMPLOYEE BENEFIT PLANS:

 

The components of pension income are as follows:

 

                                 
    Three Months Ended
September 30,		     Six Months Ended
September 30,		  
    2012     2011     2012     2011  

Service cost

   $ 136     $ 115     $ 272     $ 230  

Interest cost

     356       355       713       710  

Expected returns on assets

     (685 )      (678 )      (1,369 )      (1,356 ) 

Amortization of:

                                

Unrecognized prior service cost

     1       1       2       2  

Actuarial loss

     254       129       506       258  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net pension expense (income)

   $ 62     $ (78 )    $ 124     $ (156 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company made no contributions to its defined benefit pension plan during the six months ended September 30, 2012 and does not expect to make any contributions to the plan for the balance of fiscal 2013.

 

The components of the postretirement benefit income are as follows:

 

                                 
    Three Months Ended
September 30,		     Six Months Ended
September 30,		  
    2012     2011     2012     2011  

Service cost

   $ —       $ —       $ —       $ —    

Interest cost

     10       11       19       22  

Amortization of prior service cost

     (42 )      (42 )      (83 )      (83 ) 

Amortization of actuarial loss

     9       9       19       18  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net postretirement benefit income

   $ (23 )    $ (22 )    $ (45 )    $ (43 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company paid benefits of $0 related to its postretirement benefit plan during the six months ended September 30, 2012. The Company expects to pay benefits of approximately $104 for the balance of fiscal 2013.