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Retirement Benefit Plans
6 Months Ended
Dec. 31, 2013
Retirement Benefit Plans  
Retirement Benefit Plans

7. Retirement Benefit Plans

 

The Company sponsors various retirement benefit plans including qualified and nonqualified defined benefit pension plans for its employees. The components of net periodic pension expense are as follows (in thousands):

 

 

 

Three Months Ended
December 31,

 

Six Months Ended
December 31,

 

 

 

2012

 

2013

 

2012

 

2013

 

Service cost

 

$

306

 

$

309

 

$

584

 

$

602

 

Amortization of prior service cost

 

230

 

202

 

460

 

404

 

Net periodic pension expense

 

$

536

 

$

511

 

$

1,044

 

$

1,006

 

 

For the three months ended December 31, 2012 and 2013, the Company made contributions of $0.1 million and $0.8 million, respectively, to these defined benefit plans. For the six months ended December 31, 2012 and 2013, the Company made contributions of $0.1 million and $0.9 million, respectively, to these defined benefit plans.

 

In addition, the Company maintains various defined contribution plans. For the three months ended December 31, 2012 and 2013, the Company made contributions of $0.8 and $1.0 million, respectively, to these defined contribution plans. For the six months ended December 31, 2012 and 2013, the Company made contributions of $1.8 million and $2.0 million, respectively, to these defined contribution plans.