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EMPLOYEE BENEFIT PLANS (Tables)
6 Months Ended
Mar. 31, 2019
EMPLOYEE BENEFIT PLANS  
Schedule of components of net periodic pension expense (benefit)

The following provides information at March 31, 2019 related to the Company-sponsored domestic defined benefit pension plan, the Helmerich & Payne, Inc. Employee Retirement Plan (the “Pension Plan”):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

March 31, 

 

March 31, 

 

    

2019

    

2018

    

2019

    

2018

 

 

 (in thousands)

Interest cost

 

$

1,097

 

$

1,014

 

$

2,194

 

$

2,028

Expected return on plan assets

 

 

(1,386)

 

 

(1,386)

 

 

(2,772)

 

 

(2,772)

Recognized net actuarial loss

 

 

291

 

 

460

 

 

583

 

 

921

Net pension expense

 

$

 2

 

$

88

 

$

 5

 

$

177