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Pension Benefits
9 Months Ended
Mar. 31, 2012
Pension Benefits [Abstract]  
Pension Benefits

Note 5 –   Pension Benefits

        We and certain of our operating subsidiaries have sponsored multiple defined benefit pension plans covering union workers at certain locations. As a result of restructuring activities in recent years, we no longer have any active employees continuing to accrue service cost or otherwise eligible to receive plan benefits. Benefits being paid under the plans are primarily based on negotiated rates and years of service. We contribute to these plans at least the minimum amount required by regulation.

 

The following table summarizes the components of net periodic benefit cost for our pension plans:

 

 

 

 

 

 

 

 

 

 

 

Three Months

Ended

March 31

 

Nine Months

Ended

March 31

 

 

2012

 

2011

 

2012

 

2011

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

Interest cost................................................................

$   483

 

$    487

 

$ 1,449

 

$ 1,461

 

Expected return on plan assets...............................

(599)

 

    (507)

 

  (1,797)

 

  (1,521)

 

Amortization of unrecognized net loss.................

        89

 

      136

 

       267

 

       410

 

    Net periodic benefit (income) cost.....................

$     (27)

 

$    116

 

$      (81)

 

$     350

 

For the three and nine months ended March 31, 2012, we made pension plan contributions totaling zero and approximately $1.0 million, respectively. We do not expect to make any further contributions to our pension plans during the remainder of 2012.