Pensions and Other Post-retirement Benefits

9 Months Ended

Jun. 30, 2017

Pensions and Other Post-retirement Benefits

Pensions and Other Post-retirement Benefits

13.Pensions and Other Post-retirement Benefits

The following provides information at June 30, 2017 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,
	2017		2016		2017		2016
	(in thousands)
Interest cost	$	975	$	1,116	$	2,925	$	3,347
Expected return on plan assets		(1,298)		(1,490)		(3,896)		(4,470)
Recognized net actuarial loss		574		493		1,724		1,479
Settlement		1,411		1,889		1,411		3,343
Net pension expense	$	1,662	$	2,008	$	2,164	$	3,699

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, 2017. We could make contributions for the remainder of fiscal 2017 to fund distributions in lieu of liquidating assets.