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Note 11 - Retirement Benefits
 9 Months Ended
Mar. 31, 2015
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 and nine months ended March 31, 2015 and 2014 consisted of the following components (in thousands):


   

U.S. Plans

   

Non-U.S. Plans

 
   

Three Months Ended

   

Three Months Ended

 
   

March 31,

   

March 31,

 
   

2015

   

2014

   

2015

   

2014

 

Service cost

  $ 53     $ 49     $ 10     $ 12  

Interest cost

    2,619       2,810       389       438  

Expected return on plan assets

    (3,489 )     (3,378 )     (355 )     (391 )

Recognized net actuarial loss

    986       923       180       208  

Amortization of prior service cost

    14       14       (12 )     -  

Net periodic benefit cost

  $ 183     $ 418     $ 212     $ 267  

   

U.S. Plans

   

Non-U.S. Plans

 
   

Nine Months Ended

   

Nine Months Ended

 
   

March 31,

   

March 31,

 
   

2015

   

2014

   

2015

   

2014

 

Service cost

  $ 158     $ 183     $ 34     $ 35  

Interest cost

    7,857       8,430       1,229       1,282  

Expected return on plan assets

    (10,466 )     (10,134 )     (1,118 )     (1,143 )

Recognized net actuarial loss

    2,959       3,018       569       608  

Amortization of prior service cost

    41       43       (40 )     -  

Net periodic benefit cost

  $ 549     $ 1,540     $ 674     $ 782  

The Company expects to pay $1.6 million in contributions to its defined benefit plans during fiscal 2015. Contributions of $0.6 million and $1.1 million were made during the three and nine months ended
March 31, 2015. Required contributions of $1.0 million will be paid to the Company’s U.K. defined benefit plan during 2015. The Company also expects to make contributions of $0.2 million and $0.4 million to its unfunded defined benefit plans in the U.S. and Germany respectively during the current fiscal year.