XML 32 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
PENSION BENEFIT PLANS
3 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
PENSION BENEFIT PLANS
PENSION BENEFIT PLANS
Certain of the Company's non-U.S. employees participate in certain noncontributory defined benefit pension plans acquired in the Comms Transaction on July 14, 2015. None of the Company's employees in the U.S. participate in any noncontributory defined benefit pension plans. In general, these plans are funded based on considerations relating to legal requirements, underlying asset returns, the plan’s funded status, the anticipated deductibility of the contribution, local practices, market conditions, interest rates and other factors.
The following sets forth the components of the Company's net periodic pension cost of the noncontributory defined benefit pension plans for the three months ended June 30, 2017 and 2016 (in thousands):
 
Three Months Ended
 
June 30,
 
2017
 
2016
Service cost
$
197

 
$
84

Interest cost
381

 
164

    Net periodic pension cost
$
578

 
$
248



Expected Contributions
During the three months ended June 30, 2017, the Company made contributions of $0.1 million to its defined benefit pension plans. During the fiscal year ending March 31, 2018, the Company's cash contribution requirements for its defined benefit pension plans are expected to be less than $1.0 million. As a majority of the participants within the Company's plans are all active employees, the benefit payments are not expected to be material in the foreseeable future.