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Benefit Plans
6 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
BENEFIT PLANS
BENEFIT PLANS
We sponsor several defined benefit pension plans. Additionally, we provide varying levels of postretirement health care and life insurance benefits to some U.S. employees.
The table below summarizes the components of net periodic pension income:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
(in thousands)
2016
 
2015
 
2016
 
2015
Service cost
$
727

 
$
1,156

 
$
1,460

 
$
2,319

Interest cost
7,770

 
9,438

 
15,579

 
18,923

Expected return on plan assets
(14,672
)
 
(14,657
)
 
(29,429
)
 
(29,364
)
Amortization of transition obligation
22

 
21

 
45

 
42

Amortization of prior service credit
(113
)
 
(104
)
 
(226
)
 
(209
)
Recognition of actuarial losses
2,088

 
1,815

 
4,200

 
3,648

Special termination benefit charge

 
54

 

 
107

Net periodic pension income
$
(4,178
)
 
$
(2,277
)
 
$
(8,371
)
 
$
(4,534
)


The special termination benefit charge of $0.1 million during the six months ended December 31, 2015 is the result of lump sum payments to several terminated Executive Retirement Plan participants.
The table below summarizes the components of net periodic other postretirement benefit cost:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
(in thousands)
2016
 
2015
 
2016
 
2015
Interest cost
$
168

 
$
210

 
$
337

 
$
420

Amortization of prior service credit
(6
)
 
(5
)
 
(11
)
 
(11
)
Recognition of actuarial loss
89

 
81

 
177

 
162

Net periodic other postretirement benefit cost
$
251

 
$
286

 
$
503

 
$
571