XML 31 R20.htm IDEA: XBRL DOCUMENT v3.19.1
Note 12 - Retirement Benefits
9 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
1
2
)     
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, 2019
and
2018
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
9
   
201
8
   
201
9
   
201
8
 
Service cost
  $
1
    $
1
    $
9
    $
9
 
Interest cost
   
2,586
     
2,520
     
254
     
269
 
Expected return on plan assets
   
(3,385
)    
(3,354
)    
(229
)    
(244
)
Recognized net actuarial loss
   
1,030
     
1,145
     
86
     
242
 
Amortization of prior service cost
   
-
     
-
     
-
     
(9
)
Net periodic benefit cost
  $
232
    $
312
    $
120
    $
267
 
 
   
U.S. Plans
   
Non-U.S. Plans
 
   
Nine Months Ended
   
Nine Months Ended
 
   
March 31,
   
March 31,
 
   
201
9
   
201
8
   
201
9
   
201
8
 
Service cost
  $
3
    $
3
    $
26
    $
27
 
Interest cost
   
7,757
     
7,560
     
757
     
783
 
Expected return on plan assets
   
(10,156
)    
(10,061
)    
(682
)    
(710
)
Recognized net actuarial loss
   
3,091
     
3,435
     
256
     
705
 
Amortization of prior service cost
   
-
     
-
     
-
     
(26
)
Net periodic benefit cost
  $
695
    $
937
    $
357
    $
779
 
 
The contributions made to defined benefit plans for the
three
and
nine
months ended
March 31, 2019
and
2018
are presented below along with remaining contributions to be made for fiscal year
2019
(in thousands):
 
Contributions to defined benefit plans
 
Three Months
Ended
March 31,
   
Nine Months
Ended
March 31,
   
Remaining
Contributions
to be made in
Fiscal 2019
 
   
2019
   
2018
   
2019
   
2018
   
 
 
 
United States, unfunded plan
  $
56
    $
67
    $
169
    $
194
    $
56
 
United Kingdom
   
196
     
210
     
582
     
614
     
184
 
Germany, unfunded plan
   
-
     
-
     
-
     
-
     
274
 
Ireland
   
-
     
-
     
-
     
-
     
65
 
    $
252
    $
277
    $
751
    $
808
    $
579