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EMPLOYEE BENEFIT PLANS (Tables)
6 Months Ended
Mar. 31, 2021
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Cost
The following provides information at March 31, 2021 and 2020, related to the Company-sponsored domestic defined benefit pension plan, the Helmerich & Payne, Inc. Employee Retirement Plan (the “Pension Plan”):
Three Months Ended
March 31,
Six Months Ended
March 31,
(in thousands)2021202020212020
Interest cost$753 $1,097 $1,506 $2,194 
Expected return on plan assets(967)(1,381)(1,934)(2,762)
Recognized net actuarial loss590 669 1,180 1,338 
Settlement398 — 1,413 — 
Net pension expense$774 $385 $2,165 $770