Pensions
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6 Months Ended |
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Jun. 30, 2011
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Pensions | |
Pensions |
NOTE 9 – PENSIONS
The Company's U.K. based subsidiary Austin Taylor maintains defined benefit pension plans that cover seven active employees. The Company does not provide any other post-retirement benefits to its employees. Components of net periodic benefit cost of the pension plans were:
Six months Ended June 30 2011 2010 Service cost $ 24,000 17,000 Interest cost 134,000 124,000 Expected return on plan assets (127,000) (107,000) $ 31,000 $ 34,000 |
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- Details
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- Definition
The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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