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,

2017

and

2016

consisted of the following components (in thousands):

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
	March 31,						March 31,
	201 7			201 6			201 7			201 6
Service cost	$	1		$	18		$	9		$	9
Interest cost		2,613			2,872			250			346
Expected return on plan assets		(3,440	)		(3,466	)		(282	)		(313	)
Recognized net actuarial loss		1,190			994			249			201
Amortization of prior service cost		-			4			(12	)		(12	)
Net periodic benefit cost	$	364		$	422		$	214		$	231

	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
	March 31,						March 31,
	201 7			201 6			201 7			201 6
Service cost	$	2		$	52		$	28		$	26
Interest cost		7,838			8,617			764			1,080
Expected return on plan assets		(10,321	)		(10,398	)		(861	)		(980	)
Recognized net actuarial loss		3,571			2,984			760			631
Amortization of prior service cost		-			11			(36	)		(36	)
Net periodic benefit cost	$	1,090		$	1,266		$	655		$	721

The Company expects to pay

$1.3

million in contributions to its defined benefit plans during fiscal

2017.

Contributions of

$0.3

million and

$1.0

million were made during the

three

and

nine

months ended

March

31,

2017

compared to

$0.3

million and

$1.0

million during the

three

and

nine

months ended

March

31,

2016,

respectively. Required contributions of

$0.8

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.