Note 11 - Retirement Benefits

6 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

11)     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. employees is frozen for substantially all participants and has been 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, 2014 and 2013 consisted of the following components (in thousands):

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
	December 31,						December 31,
	2014			2013			2014			2013
Service cost	$	53		$	49		$	12		$	12
Interest cost		2,619			2,810			409			430
Expected return on plan assets		(3,489	)		(3,378	)		(371	)		(382	)
Recognized net actuarial loss		986			923			189			204
Amortization of prior service cost		14			14			(14	)		-
Net periodic benefit cost	$	183		$	418		$	225		$	264

	U.S. Plans						Non-U.S. Plans
	Six Months Ended						Six Months Ended
	December 31,						December 31,
	2014			2013			2014			2013
Service cost	$	106		$	134		$	24		$	23
Interest cost		5,238			5,620			840			844
Expected return on plan assets		(6,977	)		(6,756	)		(763	)		(752	)
Recognized net actuarial loss		1,973			2,095			389			400
Amortization of prior service cost		27			29			(28	)		-
Net periodic benefit cost	$	367		$	1,122		$	462		$	515

The Company expects to pay $1.6 million in contributions to its defined benefit plans during fiscal 2015. Contributions of $0.2 million and $0.5 million were made during the three and six months ended December 31, 2014. Required contributions of $1.0 million will be paid to the Company’s U.K. defined benefit plan during 2015. The Company also expects to make contributions of $0.2 million and $0.4 million to its unfunded defined benefit plans in the U.S. and Germany respectively during the current fiscal year.