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EMPLOYEE BENEFIT PLANS (Tables)
9 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The following provides information at June 30, 2020 and 2019, related to the Company-sponsored domestic defined benefit pension plan, the Helmerich & Payne, Inc. Employee Retirement Plan (the “Pension Plan”):
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
(in thousands)
2020
 
2019
 
2020
 
2019
Interest cost
$
1,097

 
$
1,097

 
$
3,291

 
$
3,291

Expected return on plan assets
(1,381
)
 
(1,386
)
 
(4,143
)
 
(4,158
)
Recognized net actuarial loss
669

 
291

 
2,007

 
874

Settlement
$
1,814

 
$
1,548

 
$
1,814

 
$
1,548

Net pension expense
$
2,199

 
$
1,550

 
$
2,969

 
$
1,555