Employee Retirement Plans

3 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The primary components of Net Periodic Benefits consist of the following:



	Period Ended
(In thousands)	June 30, 2017
Interest cost	$	629
Expected return on assets	(726		)
Net periodic benefit cost (income)	$	(97	)

We had a net periodic benefit of $0.1 million for the three months ended June 30, 2017.

During the quarter, the Company contributed $0.1 million to the non-qualified defined benefit plan and made no contributions to the qualified defined benefit plan. During the remainder of fiscal 2018, we expect to contribute $0.3 million to the non-qualified plan and make no contributions to the qualified plan.

The determination of the expected long-term rate of return was derived from an optimized portfolio using an asset allocation software program. The risk and return assumptions, along with the correlations between the asset classes, were entered into the program. Based on these assumptions and historical experience, the portfolio is expected to achieve a long-term rate of return of 6.25%. The investment managers engaged to manage the portfolio are expected to outperform their expected benchmarks on a relative basis over a full market cycle.