Note 10 - Retirement Benefits

6 Months Ended

Dec. 31, 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 and six months ended December 31, 2013 and 2012 consisted of the following components (in thousands):

	U.S. Plans						Non-U.S. Plans
	Three Months Ended December 31,						Three Months Ended December 31,
	2013			2012			2013			2012
Service cost	$	49		$	175		$	12		$	10
Interest cost		2,810			2,736			430			425
Expected return on plan assets		(3,378	)		(3,697	)		(382	)		(343	)
Recognized net actuarial loss		923			1,895			204			231
Amortization of prior service cost		14			24			-			(14	)
Net periodic benefit cost	$	418		$	1,133		$	264		$	309

	U.S. Plans						Non-U.S. Plans
	Six Months Ended December 31,						Six Months Ended December 31,
	2013			2012			2013			2012
Service cost	$	134		$	351		$	23		$	20
Interest cost		5,620			5,471			844			842
Expected return on plan assets		(6,756	)		(7,395	)		(752	)		(679	)
Recognized net actuarial loss		2,095			3,789			400			457
Amortization of prior service cost		29			50			-			(28	)
Net periodic benefit cost	$	1,122		$	2,266		$	515		$	612

The Company expects to pay $1.5 million in prescribed contributions to its U.K. defined benefit plan and other unfunded defined benefit plans in both the U.S. and Europe.  Contributions of $0.7 million and $3.9 million were made during the six months ended December 31, 2013 and 2012 respectively.  Contributions in 2012 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.