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Employee Benefit Plans
 3 Months Ended
Jun. 30, 2012
Employee Benefit Plans [Abstract]  
Employee Benefit Plans
Note 3: Employee Benefit Plans

During the three months ended June 30, 2012 and 2011, the Company recorded compensation expense of $1,629 and $1,229, respectively, related to its defined contribution employee benefit plans.

During the three months ended June 30, 2012 and 2011, the Company elected to contribute $2,150 and $5,050, respectively, to its U.S. pension plans.  The Company anticipates making additional contributions of $8,350 for the remainder of fiscal 2013.

Costs for Modine's pension and postretirement benefit plans for the three months ended June 30, 2012 and 2011 include the following components:

 
Pension plans
 
 
Postretirement plans
 
For the three months ended June 30
 
2012
 
 
2011
 
 
2012
 
 
2011
 
Service cost
 
$
141
 
 
$
426
 
 
$
11
 
 
$
12
 
Interest cost
 
 
3,341
 
 
 
3,505
 
 
 
74
 
 
 
85
 
Expected return on plan assets
 
 
(4,031
)
 
 
(3,848
)
 
 
-
 
 
 
-
 
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrecognized net loss (gain)
 
 
1,255
 
 
 
1,996
 
 
 
-
 
 
 
(12
)
Unrecognized prior service credit
 
 
-
 
 
 
-
 
 
 
(372
)
 
 
(416
)
Net periodic benefit cost (income)
 
$
706
 
 
$
2,079
 
 
$
(287
)
 
$
(331
)