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Benefit Plans
6 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
BENEFIT PLANS
BENEFIT PLANS
We sponsor several defined benefit pension plans. Additionally, we provide varying levels of postretirement health care and life insurance benefits to some U.S. employees.
The table below summarizes the components of net periodic pension (income):
 
Three Months Ended December 31,
 
Six Months Ended December 31,
(in thousands)
2015
 
2014
 
2015
 
2014
Service cost
$
1,156

 
$
1,384

 
$
2,319

 
$
2,799

Interest cost
9,438

 
9,745

 
18,923

 
19,681

Expected return on plan assets
(14,657
)
 
(14,900
)
 
(29,364
)
 
(29,947
)
Amortization of transition obligation
21

 
19

 
42

 
40

Amortization of prior service credit
(104
)
 
(71
)
 
(209
)
 
(141
)
Recognition of actuarial losses
1,815

 
937

 
3,648

 
1,937

Curtailment loss

 
358

 

 
358

Special termination benefit charge
54

 
459

 
107

 
459

Net periodic pension (income)
$
(2,277
)
 
$
(2,069
)
 
$
(4,534
)
 
$
(4,814
)


The special termination benefit charge of $0.1 million during the six months ended December 31, 2015 is the result of lump sum payments to several terminated Executive Retirement Plan participants.
During the three and six months ended December 31, 2014 we recognized a special termination benefit charge of $0.5 million and a curtailment loss of $0.4 million for one of our U.S.-based defined benefit pension plans resulting from a plant closure. The special termination benefit charge was recognized in restructuring expense.

The table below summarizes the components of net periodic other postretirement benefit cost:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
(in thousands)
2015
 
2014
 
2015
 
2014
Service cost
$

 
$
27

 
$

 
$
54

Interest cost
210

 
259

 
420

 
519

Amortization of prior service credit
(5
)
 
(28
)
 
(11
)
 
(55
)
Recognition of actuarial loss
81

 
207

 
162

 
414

Curtailment gain

 
(221
)
 

 
(221
)
Net periodic other postretirement benefit cost
$
286

 
$
244

 
$
571

 
$
711



The curtailment gain of $0.2 million recognized during the three and six months ended December 31, 2014 was a result of the plant closure discussed above.