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Note 12 - Retirement Benefits | 6 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 12 ) 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. As of July 1, 2018, the Company adopted ASU No. 2017 - 07, Compensation-Retirement Benefits (Topic 715 ): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . This new guidance required the service cost component of net periodic benefit cost to be presented in the same income statement line items as other employee compensation costs arising from services rendered during the period. Other components of the net periodic benefit cost are to be stated separately from service cost and outside of operating income. The retrospective adoption this ASU resulted in the reclassification of net benefit costs of $0.1 million and $0.2 million from cost of sales and $0.4 million and $0.8 million from the selling, general, and administrative expenses to other expense non-operating in the Consolidated Statement of Operations for the three and six months ended December 31, 2018 and 2017, respectively. No net benefit costs were recorded in the Company’s Cooking Solutions Group in either fiscal years 2019 or 2018. Net Periodic Benefit Cost for the Company’s U.S. and Foreign pension benefit plans for the three and six months ended December 31, 2018 and 2017 consisted of the following components (in thousands):
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | Three Months Ended |  |  | Three Months Ended |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Service cost |  | $ | 1 |  |  | $ | 1 |  |  | $ | 9 |  |  | $ | 9 |
Interest cost |  |  | 2,586 |  |  |  | 2,520 |  |  |  | 249 |  |  |  | 259 |
Expected return on plan assets |  |  | (3,385 | ) |  |  | (3,354 | ) |  |  | (225 | ) |  |  | (235 | )
Recognized net actuarial loss |  |  | 1,030 |  |  |  | 1,145 |  |  |  | 84 |  |  |  | 234 |
Amortization of prior service cost |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (9 | )
Net periodic benefit cost |  | $ | 232 |  |  | $ | 312 |  |  | $ | 117 |  |  | $ | 258 |
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | Six Months Ended |  |  | Six Months Ended |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Service cost |  | $ | 2 |  |  | $ | 2 |  |  | $ | 17 |  |  | $ | 18 |
Interest cost |  |  | 5,171 |  |  |  | 5,040 |  |  |  | 503 |  |  |  | 514 |
Expected return on plan assets |  |  | (6,771 | ) |  |  | (6,707 | ) |  |  | (453 | ) |  |  | (466 | )
Recognized net actuarial loss |  |  | 2,061 |  |  |  | 2,290 |  |  |  | 170 |  |  |  | 463 |
Amortization of prior service cost |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (17 | )
Net periodic benefit cost |  | $ | 463 |  |  | $ | 625 |  |  | $ | 237 |  |  | $ | 512 |
The Company expects to pay $1.3 million in contributions to its defined benefit plans during fiscal 2019. Contributions of $0.3 million and $0.5 million were made during the three and six months ended December 31, 2018 compared to $0.3 million and $0.5 million during the three and six months ended December 31, 2017, respectively. Required contributions of $0.8 million will be paid to the Company’s U.K. defined benefit plan during 2019. 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.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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