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Retirement Benefit Plans
3 Months Ended
Sep. 30, 2016
Retirement Benefit Plans  
Retirement Benefit Plans

 

8. 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,

 

 

 

2015

 

2016

 

Service cost

 

$

204 

 

$

224 

 

Interest cost

 

 

 

Amortization of prior service cost

 

105 

 

70 

 

 

 

 

 

 

 

Net periodic pension expense

 

$

318 

 

$

301 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30, 2015 and 2016, the Company made no contributions to these defined benefit plans.

 

In addition, the Company maintains various defined contribution plans. For the three months ended September 30, 2015 and 2016, the Company made contributions of $1.1 and $1.2 million, respectively, to these defined contribution plans.