Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans

v2.4.0.6
Employee Benefit Plans
 9 Months Ended
Dec. 31, 2011
Employee Benefit Plans [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 12 – EMPLOYEE BENEFIT PLANS:

 

The components of pension income are as follows:

 

                                 
    Three Months Ended     Nine Months Ended  
    December 31,     December 31,  
    2011     2010     2011     2010  

Service cost

   $ 115     $ 97     $ 345     $ 289  

Interest cost

     355       335       1,065       1,005  

Expected return on assets

     (678 )      (625 )      (2,034 )      (1,875 ) 

Amortization of:

                                

Unrecognized prior service cost

     1       1       3       3  

Actuarial loss

     129       105       387       316  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net pension income

     (78 )    $ (87 )      ($234 )    $ (262 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company made no contributions to its defined benefit pension plan during the nine months ended December 31, 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
December 31,		     Nine Months Ended
December 31,		  
    2011     2010     2011     2010  

Service cost

   $ —       $ —       $ —       $ —    

Interest cost

     11       12       33       36  

Amortization of prior service cost

     (41 )      (42 )      (124 )      (125 ) 

Amortization of actuarial loss

     9       8       27       23  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net postretirement benefit income

   $ (21 )    $ (22 )    $ (64 )    $ (66 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company paid benefits of $5 related to its postretirement benefit plan during the nine months ended December 31, 2011. The Company expects to pay benefits of approximately $102 for the balance of fiscal 2012.