Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans

v2.3.0.15
Employee Benefit Plans
 6 Months Ended
Sep. 30, 2011
Employee Benefit Plans [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 12 – EMPLOYEE BENEFIT PLANS:

The components of pension income are as follows:

 

      (1,356)       (1,356)       (1,356)       (1,356)  
    Three Months Ended     Six Months Ended  
    September 30,     September 30,  
    2011     2010     2011     2010  

Service cost

   $ 115     $ 96     $ 230     $ 192  

Interest cost

     355       335       710       670  

Expected return on assets

     (678 )      (625 )      (1,356 )      (1,250 ) 

Amortization of:

                                

Unrecognized prior service cost

     1       1       2       2  

Actuarial loss

     129       106       258       211  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net pension income

   $ (78 )    $ (87 )    $ (156 )    $ (175 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company made no contributions to its defined benefit pension plan during the six months ended September 30, 2011 and does not expect to make any contributions to the plan for the balance of fiscal 2012.

The components of the postretirement benefit income are as follows:

 

                                 
    Three Months Ended     Six Months Ended  
    September 30,     September 30,  
    2011     2010     2011     2010  

Service cost

   $ —       $ —       $ —       $ —    

Interest cost

     11       9       22       24  

Amortization of prior service cost

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

Amortization of actuarial loss

     9       10       18       15  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net postretirement benefit income

   $ (22 )    $ (23 )    $ (43 )    $ (44 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company paid benefits of $5 related to its postretirement benefit plan during the three months ended September 30, 2011. The Company expects to pay benefits of approximately $102 for the balance of fiscal 2012.