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Note 11 - Retirement Benefits
 3 Months Ended
Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

11)     Retirement Benefits


The Company has defined benefit pension plans covering certain current and former employees both inside and outside of the U.S. The Company’s pension plan for U.S. employees is frozen for substantially all participants and has been replaced with a defined contribution benefit plan.


Net Periodic Benefit Cost for the Company’s U.S. and Foreign pension benefit plans for the three months ended September 30, 2014 and 2013 consisted of the following components (in thousands):


   

U.S. Plans

   

Non-U.S. Plans

 
   

Three Months Ended

   

Three Months Ended

 
   

September 30,

   

September 30,

 
   

2014

   

2013

   

2014

   

2013

 

Service cost

  $ 53     $ 85     $ 12     $ 11  

Interest cost

    2,619       2,810       432       414  

Expected return on plan assets

    (3,489 )     (3,378 )     (392 )     (370 )

Recognized net actuarial loss

    986       1,172       200       196  

Amortization of prior service cost

    14       15       (15 )     -  

Net periodic benefit cost

  $ 183     $ 704     $ 237     $ 251  

The Company expects to pay $1.7 million in prescribed contributions to its U.K. defined benefit plan and other unfunded defined benefit plans in both the U.S. and Europe during fiscal year 2015. Contributions of $0.3 million and $0.4 million were made during the three months ended September 30, 2014 and 2013, respectively.