XML 47 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Post-Retirement Benefits
6 Months Ended
Dec. 31, 2018
Compensation And Retirement Disclosure [Abstract]  
Post-Retirement Benefits

Note 16.

Post-Retirement Benefits

The Company has a pension plan (the “Swiss Plan”) covering employees of the Zurich, Switzerland subsidiary. Net periodic pension costs associated with the Swiss Plan included the following ($000):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Service cost

 

$

953

 

 

$

946

 

 

$

1,891

 

 

$

1,898

 

Interest cost

 

 

139

 

 

 

107

 

 

 

276

 

 

 

214

 

Expected return on plan assets

 

 

(250

)

 

 

(213

)

 

 

(496

)

 

 

(428

)

Net amortization

 

 

(109

)

 

 

45

 

 

 

(42

)

 

 

150

 

Net periodic pension costs

 

$

733

 

 

$

885

 

 

$

1,629

 

 

$

1,834

 

 

The Company contributed $0.8 million and $1.6 million to the Swiss Plan during the three and six months ended December 31, 2018, and $1.0 million and $1.9 million during the three and six months ended December 31, 2017. The Company currently anticipates contributing an additional estimated amount of approximately $1.6 million to the Swiss Plan during the remainder of fiscal year 2019.