)

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, 2018

and

2017

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 8			201 7			201 8			201 7
Service cost	$	1		$	1		$	9		$	9
Interest cost		2,520			2,613			269			250
Expected return on plan assets		(3,354	)		(3,440	)		(244	)		(282	)
Recognized net actuarial loss		1,145			1,190			242			249
Amortization of prior service cost		-			-			(9	)		(12	)
Net periodic benefit cost	$	312		$	364		$	267		$	214

	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
	March 31 ,						March 31 ,
	201 8			201 7			201 8			201 7
Service cost	$	3		$	2		$	27		$	28
Interest cost		7,560			7,838			783			764
Expected return on plan assets		(10,061	)		(10,321	)		(710	)		(861	)
Recognized net actuarial loss		3,435			3,571			705			760
Amortization of prior service cost		-			-			(26	)		(36	)
Net periodic benefit cost	$	937		$	1,090		$	779		$	655

The Company expects to pay

$6.9

million in contributions to its defined benefit plans during fiscal

2018.

Contributions of

$0.3

million and

$0.8

million were made during the

three

and

nine

months ended

March 31, 2018

compared to

$0.3

million and

$1.0

million during the

three

and

nine

months ended

March 31, 2017,

respectively. Required contributions of

$0.9

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

2018.

The Company 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. Subsequent to the end of the

third

quarter, the Company made a

$5.5

million contribution to its defined benefit plan in the U.S. to accelerate tax benefits afforded to the Company by recent tax law changes.