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Note 11 - Retirement Benefits | 6 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
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 six months ended December 31, 2016 and 2015 consisted of the following components (in thousands):
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | Three Months Ended |  |  | Three Months Ended |
|  | December 31, |  |  | December 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Service cost |  | $ | 1 |  |  | $ | 16 |  |  | $ | 9 |  |  | $ | 8 |
Interest cost |  |  | 2,613 |  |  |  | 2,873 |  |  |  | 250 |  |  |  | 363 |
Expected return on plan assets |  |  | (3,440 | ) |  |  | (3,465 | ) |  |  | (282 | ) |  |  | (330 | )
Recognized net actuarial loss |  |  | 1,190 |  |  |  | 995 |  |  |  | 249 |  |  |  | 213 |
Amortization of prior service cost |  |  | - |  |  |  | 3 |  |  |  | (12 | ) |  |  | (12 | )
Net periodic benefit cost |  | $ | 364 |  |  | $ | 422 |  |  | $ | 214 |  |  | $ | 242 |
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | Six Months Ended |  |  | Six Months Ended |
|  | December 31, |  |  | December 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Service cost |  | $ | 2 |  |  | $ | 34 |  |  | $ | 19 |  |  | $ | 17 |
Interest cost |  |  | 5,226 |  |  |  | 5,745 |  |  |  | 514 |  |  |  | 734 |
Expected return on plan assets |  |  | (6,881 | ) |  |  | (6,932 | ) |  |  | (579 | ) |  |  | (667 | )
Recognized net actuarial loss |  |  | 2,381 |  |  |  | 1,990 |  |  |  | 511 |  |  |  | 430 |
Amortization of prior service cost |  |  | - |  |  |  | 7 |  |  |  | (24 | ) |  |  | (24 | )
Net periodic benefit cost |  | $ | 728 |  |  | $ | 844 |  |  | $ | 441 |  |  | $ | 490 |
The Company expects to pay $1.3 million in contributions to its defined benefit plans during fiscal 2017. Contributions of $0.4 million and $0.6 million were made during the three and six months ended December 31, 2016 compared to $0.3 million and $0.6 million during the three and six months ended December 31, 2015, respectively. Required contributions of $0.7 million will be paid to the Company’s U.K. defined benefit plan during 2017. The Company also expects to make contributions of $0.3 million to each of its unfunded defined benefit plans in the U.S. and Germany, respectively, during the remainder of the current fiscal year.

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