XML 25 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Retirement Benefit Plans
 9 Months Ended
Mar. 31, 2017
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
March 31,

 

Nine Months Ended
March 31,

 

 

 

2016

 

2017

 

2016

 

2017

 

Service cost

 

$
187

 

$
224

 

$
613

 

$
672

 

Interest cost

 
8

 
7

 
25

 
21

 

Amortization of prior service cost

 
105

 
70

 
315

 
210

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension expense

 

$
300

 

$
301

 

$
953

 

$
903

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended March 31, 2016 and 2017, there were no contributions made to these defined benefit plans. For the nine months ended March 31, 2016 and 2017, the Company made contributions of $0.2 million and $1.0 million, respectively, to these defined benefit plans.

 

In addition, the Company maintains various defined contribution plans. For the three months ended March 31, 2016 and 2017, the Company made contributions of $1.1 million and $1.4 million, respectively, to these defined contribution plans. For the nine months ended March 31, 2016 and 2017, the Company made contributions of $3.4 million and $3.6 million, respectively, to these defined contribution plans.