Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans

v2.4.0.6
Employee Benefit Plans
 9 Months Ended
Dec. 31, 2012
Employee Benefit Plans [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 11 – EMPLOYEE BENEFIT PLANS:

 

The components of pension income are as follows:

 

                                 
    Three Months Ended
December 31,		     Nine Months Ended
December 31,		  
    2012     2011     2012     2011  
         

Service cost

   $ 136     $ 115     $ 408     $ 345  

Interest cost

     357       355       1,070       1,065  

Expected returns on assets

     (684 )      (678 )      (2,053 )      (2,034 ) 

Amortization of:

                                

Unrecognized prior service cost

     1       1       3       3  

Actuarial loss

     252       129       758       387  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net pension expense (income)

   $ 62     $ (78 )    $ 186     $ (234 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company made no contributions to its defined benefit pension plan during the nine months ended December 31, 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
December 31,		     Nine Months Ended
December 31,		  
    2012     2011     2012     2011  
         

Service cost

   $ —       $ —       $ —       $ —    

Interest cost

     9       11       28       33  

Amortization of prior service cost

     (41 )      (41 )      (124 )      (124 ) 

Amortization of actuarial loss

     10       9       29       27  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net postretirement benefit income

   $ (22 )    $ (21 )    $ (67 )    $ (64 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company paid benefits of $2 related to its postretirement benefit plan during the nine months ended December 31, 2012. The Company expects to pay benefits of approximately $102 for the balance of fiscal 2013.