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Employee Benefit Plans (Tables)
 12 Months Ended
Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Summary Of Changes In Benefit Obligations And Plan Assets
Changes in benefit obligations and plan assets were as follows:
(in thousands)
 
2017
 
2016
Change in benefit obligation
 
 

 
 

Projected benefit obligation, beginning of year
 
$
34,434

 
$
27,272

Service cost
 
1,426

 
971

Interest cost
 
431

 
608

Actuarial (gain) loss
 
(5,214
)
 
6,123

Currency translation
 
1,866

 
93

Benefits paid
 
(663
)
 
(633
)
Projected benefit obligation, end of year
 
$
32,280

 
$
34,434

Change in plan assets
 
 

 
 

Fair value of plan assets, beginning of year
 
$
19,950

 
$
18,767

Actual return on plan assets
 
1,848

 
1,119

Employer contributions
 
663

 
633

Currency translation
 
1,088

 
64

Benefits paid
 
(663
)
 
(633
)
Fair value of plan assets, end of year
 
$
22,886

 
$
19,950
Summary Of Funded Status Of Defined Benefit Retirement Plan
The funded status of the defined benefit pension plan and amounts included in our Consolidated Balance Sheets were as follows:
(in thousands)
 
2017
 
2016
Funded status
 
 

 
 

Funded status, end of year
 
$
(9,394
)
 
$
(14,484
)
Actuarial net loss in AOCI, pretax
 
9,261

 
15,476

Net amount recognized
 
$
(133
)
 
$
992

Included in Consolidated Balance Sheets
 
 

 
 

Accrued payroll and related costs
 
$
(806
)
 
$
(740
)
Defined benefit pension plan obligation
 
(8,588
)
 
(13,744
)
Deferred income taxes
 
2,809

 
4,685

AOCI, net of tax
 
6,452

 
10,791

Net amount recognized
 
$
(133
)
 
$
992
Weighted Average Assumptions Used To Determine The Defined Benefit Retirement Plan Obligation
The weighted average assumptions used to determine the defined benefit pension plan obligation as of September 30, 2017 and October 1, 2016 in the Consolidated Balance Sheets and the net periodic benefit cost for fiscal year 2018 were as follows:
 
 
2017
 
2016
Discount rate
 
1.99
%
 
1.28
%
Expected rate of return on plan assets
 
5.50
%
 
5.50
%
Expected rate of increase in future compensation levels
 
3.00
%
 
3.00
%
Actual Defined Benefit Retirement Plan Asset Allocations
The actual defined benefit pension plan asset allocations within the balanced mutual fund are as follows:
 
 
Percentage of Plan Assets
 
 
2017
 
2016
Fixed income securities1
 
71.4
%
 
75.5
%
Cash and cash equivalents2
 
28.6
%
 
24.5
%
Total
 
100.0
%
 
100.0
%
1 
Fixed income securities are comprised primarily of international government agency and international corporate bonds with investment grade ratings.
2  
Cash and cash equivalents include deposit accounts holding cash in Euros and other currencies and term deposits primarily held as collateral for equity futures. The market values of the equity and futures are linked to the values of equity indices of developed country markets, including the U.S., Great Britain, Europe, Canada, Switzerland and Japan.
Defined Benefit Retirement Plan Assets Subject To Fair Value Measurements
The fair value of the defined benefit pension plan assets, which are subject to fair value measurement as described in Note 3, are as follows:  
 
 
September 30, 2017
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
Mutual fund1
 
$
—

 
$
22,886

 
$
—

 
$
22,886

  
 
 
October 1, 2016
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
Mutual fund1
 
$
—

 
$
19,950

 
$
—

 
$
19,950

  
1 
The fair value of the mutual fund is valued based on closing prices from national exchanges, if the underlying securities are traded on an active market, or fixed income pricing models that use observable market inputs.
Net Periodic Benefit Cost For Defined Benefit Retirement Plan
Net periodic benefit cost for the defined benefit pension plan included the following components:
(in thousands)
 
2017
 
2016
 
2015
Service cost
 
$
1,426

 
$
971

 
$
860

Interest cost
 
431

 
608

 
634

Expected return on plan assets
 
(1,085
)
 
(1,027
)
 
(1,009
)
Net amortization and deferral
 
996

 
584

 
501

Special termination benefits
 
—

 
—

 
—

Net periodic benefit cost
 
$
1,768

 
$
1,136

 
$
986
Expected Future Pension Benefit Payments
Future pension benefit payments, which reflect expected future service for the next five fiscal years and the combined five fiscal years thereafter, are as follows:
Fiscal Year
Pension Benefit Payments
(in thousands)
2018
$
806

2019
876

2020
924

2021
1,038

2022
1,107

2023 through 2027
6,152

Total
$
10,903