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Employee Benefit Plans
9 Months Ended
Jun. 30, 2017
Employee Benefit Plans [Abstract]  
Employee Benefit Plans

(5)Employee Benefit Plans



The components of net periodic benefit cost for pension and other benefits were as follows:





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

Three Months Ended

June 30,

 

Nine Months Ended

June 30,

(Dollars in Thousands)

2017

 

2016

 

2017

 

2016

Interest cost

$

352 

 

$

392 

 

$

1,057 

 

$

1,177 

Expected return on plan assets

 

(388)

 

 

(373)

 

 

(1,163)

 

 

(1,120)

Amortization of net loss

 

190 

 

 

141 

 

 

570 

 

 

422 

Net periodic benefit cost

$

154 

 

$

160 

 

$

464 

 

$

479 



 

 

 

 

 

 

 

 

 

 

 

Other Benefits

Three Months Ended

June 30,

 

Nine Months Ended

June 30,

(Dollars in Thousands)

2017

 

2016

 

2017

 

2016

Service cost

$

16 

 

$

15 

 

$

48 

 

$

45 

Interest cost

 

 

 

10 

 

 

26 

 

 

29 

Amortization of net gain

 

 -

 

 

(3)

 

 

 -

 

 

(11)

Net periodic benefit cost

$

25 

 

$

22 

 

$

74 

 

$

63 



The Company, under the IRS minimum funding standards, has no required contributions to make to its defined benefit pension plan during fiscal 2017.



The Company sponsors a 401(k) retirement savings plan covering substantially all of the U.S. full-time employees in the Company’s Radiation Measurement segment as well as substantially all of the employees in the Company’s Medical Physics segment, and prior to its divestiture, the Medical Products segment.  The Company also maintains a supplemental defined contribution plan for certain executives, which allows participating executives to make voluntary deferrals and provides for employer contributions at the discretion of the Company.  Amounts expensed for Company contributions under these plans during the three months ended June 30, 2017 and 2016 were $483 and $494, respectively. Amounts expensed for Company contributions under these plans during the nine months ended June 30, 2017 and 2016 were $1,514 and $1,412, respectively.