DEFINED BENEFIT PENSION EXPENSE

9 Months Ended

Jun. 30, 2012

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 13 – DEFINED BENEFIT PENSION EXPENSE

Defined benefit pension expense was as follows:

	Three Months Ended June 30,						Nine Months Ended June 30,
	2012			2011			2012			2011
Service cost	$	46		$	88		$	150		$	263
Interest cost		2,652			2,792			7,988			8,370
Expected return on plan assets		(2,918	)		(2,843	)		(8,782	)		(8,524	)
Amortization:
Prior service cost		84			84			252			252
Recognized actuarial loss		718			571			2,154			1,713
Net periodic expense	$	582		$	692		$	1,762		$	2,074

Effective January 1, 2012, the Clopay Pension Plan merged with the Ames True Temper Inc. Pension Plan. The merged Pension Plan was renamed the Clopay Ames True Temper Plan.