Pensions and Other Postretirement Benefits

3 Months Ended

Sep. 30, 2015

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Pensions and Other Postretirement Benefits

12. Pensions and Other Postretirement Benefits

Defined Contribution Plans

We maintain a retirement savings plan available to U.S. employees that qualifies as a defined contribution plan under Section 401(k) of the Internal Revenue Code. We match 50% of the first 5% of the participants’ compensation invested by the employee in the 401(k) plan. For the three months ended September 30, 2015 and 2014, we made matching contributions of $124 and $137, respectively.

We also maintain a defined contribution plan (the “Stakeholder Plan”) for our U.K. based employees. The Stakeholder Plan provides for discretionary matching contributions of between 4% and 7% of the employee’s salary. We contributed $14 and $13 to the Stakeholder Plan for the three months ended September 30, 2015 and 2014, respectively.

Defined Benefit Plans

The following table provides the components of net periodic pension cost of our German defined benefit pension plans recognized in earnings for the three months ended September 30, 2015 and 2014:

	Three Months Ended
	September 30,
	2015		2014
Net Periodic Benefit Cost
Service cost	$	-	$	-
Interest cost		24		35
Expected return on plan assets		(5)		(16)
Recognized actuarial loss		12		11
Net periodic benefit cost	$	31	$	30

We contributed $4 (paid in October 2015) and $6 to our German defined benefit pension plans for the three months ended September 30, 2015 and 2014, respectively, and expect to make additional, similar, quarterly contributions during the remaining quarters of our fiscal year 2016.