Pensions and Other Post-retirement Benefits

9 Months Ended

Jun. 30, 2016

Pensions and Other Post-retirement Benefits

Pensions and Other Post-retirement Benefits

12.Pensions and Other Post-retirement Benefits

The following provides information at June 30, 2016 and 2015 related to the Company-sponsored domestic defined benefit pension plan:

Components of Net Periodic Benefit Cost

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
	(in thousands)						(in thousands)
Interest cost	$	1,116		$	1,171		$	3,347		$	3,513
Expected return on plan assets	(1,490		)	(1,743		)	(4,470		)	(5,229		)
Recognized net actuarial loss	493			309			1,479			927
Settlement	1,889			1,200			3,343			1,200
Net pension expense	$	2,008		$	937		$	3,699		$	411

We record settlement expense when benefit payments exceed the total annual service and interest costs.

Employer Contributions

We did not contribute to the Pension Plan during the nine months ended June 30, 2016.  We could make contributions for the remainder of fiscal 2016 to fund distributions in lieu of liquidating assets.