XML 24 R13.htm IDEA: XBRL DOCUMENT v3.4.0.3
Retirement Benefit Plans
 9 Months Ended
Mar. 31, 2016
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
March 31,

 

Nine Months Ended
March 31,

 

 

 

2015

 

2016

 

2015

 

2016

 

Service cost

 

$
249 

 

$
213 

 

$
779 

 

$
638 

 

Amortization of prior service cost

 
202 

 
105 

 
606 

 
315 

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension expense

 

$
451 

 

$
318 

 

$
1,385 

 

$
953 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For each of the three months ended March 31, 2015 and 2016, there were no contributions made to these defined benefit plans. For the nine months ended March 31, 2015 and 2016, 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 each of the three months ended March 31, 2015 and 2016, the Company made contributions of $1.1 million to these defined contribution plans. For the nine months ended March 31, 2015 and 2016, the Company made contributions of $3.3 million and $3.4 million, respectively, to these plans.