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Note 12 - Retirement Benefits

3 Months Ended

Sep. 30, 2019

Pension and Other Postretirement Benefits Disclosure [Text Block]

12)	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 months ended September 30, 2019 and 2018 consisted of the following components (in thousands):

	*U.S. Plans*						*Non-U.S. Plans*
	*Three Months Ended*						*Three Months Ended*
	*September 30,*						*September 30,*
	*2019*			*2018*			*2019*			*2018*
Service cost	$	1		$	1		$	10		$	9
Interest cost		2,271			2,586			205			254
Expected return on plan assets		(3,288	)		(3,385	)		(211	)		(228	)
Recognized net actuarial loss		1,275			1,030			158			86
Net periodic benefit cost	$	259		$	232		$	162		$	121

The contributions made to defined benefit plans for the three months ended September 30, 2019 and 2018 are presented below along with remaining contributions to be made for fiscal year 2020 (in thousands):


		*Three Months Ended*				*Remaining*
		*September 30,*				*Contributions*
Contributions to defined benefit plans	*2019*		*2018*		*Fiscal 2020*
United States, funded plan	$	-	$	-	$	4,348
United States, unfunded plan		56		56		160
United Kingdom		184		195		185
Germany, unfunded plan		-		-		254
Ireland		-		-		62
	$	240	$	251	$	5,009