)

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

2017

and

2016

consisted of the following components (in thousands):

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
	September 3 0 ,						September 3 0 ,
	201 7			201 6			201 7			201 6
Service cost	$	1		$	1		$	9		$	9
Interest cost		2,520			2,613			254			264
Expected return on plan assets		(3,354	)		(3,440	)		(231	)		(297	)
Recognized net actuarial loss		1,145			1,190			229			262
Amortization of prior service cost		-			-			(8	)		(12	)
Net periodic benefit cost	$	312		$	364		$	253		$	226

The Company

expects to pay

$1.4

million in contributions to its defined benefit plans during fiscal

2018.

Contributions of

$0.3

million were made during the

three

months ended

September 30,

2017

compared to

$0.2

million during the

three

months ended

September 30, 2016.

Required contributions of

$0.8

million will be paid to the Company’s U.K. defined benefit plan during

2018.

The Company also expects to make contributions during the current fiscal year of

$0.2

million and

$0.3

million to its unfunded defined benefit plans in the U.S. and Germany, respectively.