Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans

v2.4.0.6
Employee Benefit Plans
 3 Months Ended
Jun. 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
June 30,		  
    2012     2011  

Service cost

   $ 136     $ 115  

Interest cost

     357       355  

Expected return on assets

     (684 )      (678 ) 

Amortization of:

                

Unrecognized prior service cost

     1       1  

Actuarial loss

     252       129  
   

 

 

    

 

 

  

Net pension income

   $ 62     $ (78 ) 
   

 

 

    

 

 

  

The Company made no contributions to its defined benefit pension plan during the three months ended June 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
June 30,		  
    2012     2011  

Service cost

   $ —       $ —    

Interest cost

     9       11  

Amortization of prior service cost

     (41 )      (41 ) 

Amortization of actuarial loss

     10       9  
   

 

 

    

 

 

  

Net postretirement benefit income

   $ (22 )    $ (21 ) 
   

 

 

    

 

 

  

 

The Company paid benefits of $1 related to its postretirement benefit plan during the three months ended June 30, 2012. The Company expects to pay benefits of approximately $103 or the balance of fiscal 2013.