Alto Ingredients, Inc. Annual report pursuant to Section 13 and 15(d)

10. PENSION PLANS (Tables)

12 Months Ended

Dec. 31, 2016

	2016			2015
Changes in plan assets:
Fair value of plan assets, beginning	$	12,567		$	13,180
Actual gain (loss)		523			(298	)
Benefits paid		(667	)		(315	)
Company contributions		–			–
Participant contributions		–			–
Fair value of plan assets, ending	$	12,423		$	12,567
Less: accumulated/projected benefit obligation	$	18,455		$	16,552
Funded status, (underfunded)/overfunded	$	(6,032	)	$	(3,985	)

Amounts recognized in the consolidated balance sheets:
Other liabilities	$	(6,032	)	$	(3,985	)
Accumulated other comprehensive loss (income)	$	1,047		$	(885	)

Components of net periodic benefit costs are as follows:
Service cost	$	223		$	211
Interest cost		686			338
Expected return on plan assets		(794	)		(500	)
Net periodic benefit cost	$	115		$	49
Loss (gain) recognized in other comprehensive income (expense)	$	1,932		$	(885	)

Assumptions used in computation benefit obligations:
Discount rate	4.15%	4.23%
Expected long-term return on plan assets	6.75%	7.75%
Rate of compensation increase	–	–

	2016			2015
Amounts at the end of the year:
Accumulated/projected benefit obligation	$	5,371		$	3,619
Fair value of plan assets		–			–
Funded status, (underfunded)/overfunded	$	(5,371	)	$	(3,619	)

Amounts recognized in the consolidated balance sheets:
Accrued liabilities	$	(310	)	$	(214	)
Other liabilities	$	(5,061	)	$	(3,405	)
Accumulated other comprehensive loss (expense)	$	1,573		$	(155	)

Amounts recognized in the plan for the year:
Company contributions	$	163		$	20
Participant contributions	$	22		$	15
Benefits paid	$	(184	)	$	(35	)

Components of net periodic benefit costs are as follows:
Service cost	$	48		$	32
Interest cost		139			65
Net periodic benefit cost	$	187		$	97

Loss (gain) recognized in other comprehensive income	$	1,728		$	(155	)

Assumptions used in computation benefit obligations:
Discount rate		3.95%			3.67%