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Retirement Benefit Plans
3 Months Ended
Sep. 30, 2015
Retirement Benefit Plans  
Retirement Benefit Plans

 

6. 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 September 30,

 

 

 

2014

 

2015

 

Service cost

 

$

288 

 

$

204 

 

Interest cost

 

 

 

Amortization of prior service cost

 

202 

 

105 

 

 

 

 

 

 

 

Net periodic pension expense

 

$

490 

 

$

318 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30, 2014, the Company made contributions of $1.0 million to these defined benefit plans; while no contributions were made during the three months ended September 30, 2015.

 

In addition, the Company maintains various defined contribution plans. For the three months ended September 30, 2014 and 2015, the Company made contributions of $1.2 and $1.1 million, respectively, to these defined contribution plans.