Note 10 - Retirement Benefits

3 Months Ended

Sep. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

10)     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. salaried employees was frozen as of December 31, 2007, and participants in the plan ceased accruing future benefits. The Company’s pension plan was frozen for substantially all remaining participants as of July 31, 2013, and 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 months ended September 30, 2013 and 2012 consisted of the following components (in thousands):

	U.S. Plans						Non-U.S. Plans
	Three Months Ended September 30,						Three Months Ended September 30,
	2013			2012			2013			2012
Service cost	$	85		$	176		$	11		$	10
Interest cost		2,810			2,735			414			417
Expected return on plan assets		(3,378	)		(3,698	)		(370	)		(336	)
Recognized net actuarial loss		1,172			1,894			196			226
Amortization of prior service cost		15			26			-			(14	)
Net periodic benefit cost	$	704		$	1,133		$	251		$	303

The Company expects to pay $1.5 million in contributions to the plans during 2014 of which, $0.4 million were made during the first quarter of 2014. Contributions of $3.6 million were made during the three months ended September 30, 2012, which included a $3.25 million voluntary contribution made in July 2012, retroactive to June 2012, in order to take advantage of legislation that allowed our U.S. plan to be 100% funded under Pension Protection Act rules at June 30, 2012.