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Retirement Benefit Plans
6 Months Ended
Dec. 31, 2015
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,

 

 

 

2014

 

2015

 

2014

 

2015

 

Service cost

 

$

266 

 

$

212 

 

$

530 

 

$

425 

 

Amortization of prior service cost

 

202 

 

105 

 

404 

 

210 

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension expense

 

$

468 

 

$

317 

 

$

934 

 

$

635 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended December 31, 2014, there were no contributions made to these defined benefit plans, while the Company made contributions of $0.2 million during the three months ended December 31, 2015. For the six months ended December 31, 2014 and 2015, the Company made contributions of $1.0 million and $0.2 million, respectively, to these defined benefit plans.

 

In addition, the Company maintains various defined contribution plans. For the three months ended December 31, 2014 and 2015, the Company made contributions of $1.1 million and $1.2 million, respectively, to these defined contribution plans. For the six months ended December 31, 2014 and 2015, the Company made contributions of $2.2 million and $2.3 million, respectively, to these defined contribution plans.