Pensions and Other Postretirement Benefits

3 Months Ended

Sep. 30, 2012

Pensions and Other Postretirement Benefits

6. Pensions and Other Postretirement Benefits

The components of pension benefit cost are as follows (in thousands):

	Three Months Ended
	September 30,
	2012			2011
Service cost	$	1,627		$	1,381
Interest cost		2,060			2,123
Expected return on plan assets		(2,272	)		(2,166	)
Amortization of prior service cost		65			65
Recognized actuarial losses		681			290
Amortization of transition obligation		10			10
Other income		(59	)		—
Benefit cost	$	2,112		$	1,703

The components of retiree health care benefit cost are as follows (in thousands):

	Three Months Ended
	September 30,
	2012			2011
Service cost	$	179		$	274
Interest cost		341			586
Amortization of prior service cost		(516	)		(516	)
Recognized actuarial (gain) loss		(179	)		82
Benefit (credit) cost	$	(175	)	$	426