XML 64 R16.htm IDEA: XBRL DOCUMENT
v3.20.1

Defined Benefit Pension Plan | 6 Months Ended
--- | ---
Mar. 31, 2020
Retirement Benefits [Abstract] |
Defined Benefit Pension Plan | Defined Benefit Pension Plan Certain employees of Liquidity Services UK Limited (GoIndustry), which the Company acquired in July 2012, are covered by the Henry Butcher Pension Fund and Life Assurance Scheme (the Scheme), a qualified defined benefit pension plan. The Company guarantees GoIndustry's performance on all present and future obligations to make payments to the Scheme for up to a maximum of £10 million British pounds. The Scheme was closed to new members on January 1, 2002. The net periodic benefit, other than service costs, is recognized within Interest other income, net in the Consolidated Statements of Operations, and for the three and six months ended March 31, 2020 and 2019 included the following components:
| Three Months Ended March 31, |  |  |  |  | Six Months Ended March 31, |  |
(in thousands) | 2020 |  | 2019 |  |  | 2020 |  | 2019
Service cost | $ | — |  |  | $ | — |  |  |  | $ | — |  |  | $ | — |
Interest cost | 109 |  |  | 154 |  |  |  | 217 |  |  | $ | 311 |
Expected return on plan assets | (204) |  |  | (229) |  |  |  | (404) |  |  | (473) |
Amortization of prior service cost | 5 |  |  | — |  |  |  | 10 |  |  | — |
Total net periodic (benefit) | $ | (90) |  |  | $ | (75) |  |  |  | $ | (177) |  |  | $ | (162) |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration