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Employee Benefit Plans
3 Months Ended
Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
9.
Employee Benefit Plans
The Company maintains a noncontributory defined benefit pension plan for all domestic nonunion employees employed on or prior to December 31, 2013, who meet certain requirements of age, length of service and hours worked per year. Plan benefits are based upon years of service and average compensation, as defined within the plan.
The following table details the net periodic pension expense:
Three Months
For the Periods Ended September 30
2015
2014
Service cost – benefits earned during the period
$ 719 $ 821
Interest cost on benefit obligation
689 734
Expected return on plan assets
(742) (766)
Amortization of net actuarial loss and prior service costs
384 286
Net periodic pension expense
$ 1,050 $ 1,075