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Herring Wholesale Company has a defined benefit pension plan. On January 1, 2016, the following pension related data were available: ($ in 000s) Net gainAOCI

Herring Wholesale Company has a defined benefit pension plan. On January 1, 2016, the following pension related data were available:

($ in 000s)
Net gainAOCI $ 350
Accumulated benefit obligation 2,770
Projected benefit obligation 2,600
Fair value of plan assets 2,300
Average remaining service period of active employees (expected to remain constant for the next several years) 15 years

The rate of return on plan assets during 2016 was 8%, although it was expected to be 10%. The actuary revised assumptions regarding the PBO at the end of the year, resulting in a $39,000 decrease in the estimate of that obligation.

Required:
1.

Calculate any amortization of the net gain that should be included as a component of net pension expense for 2016.

Amount amortized to 2016 pension expense= ____ thousand

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