Pensions Plans

3 Months Ended

Jun. 30, 2019

The Company has defined benefit pension plans that cover certain French and German employees. Most of these defined pension plans, which were acquired in the Atmel and Microsemi acquisitions, are unfunded. Plan benefits are provided in accordance with local statutory requirements. Benefits are based on years of service and employee compensation levels. Pension liabilities and charges are based upon various assumptions, updated annually, including discount rates, future salary increases, employee turnover, and mortality rates. The Company’s French pension plan provides for termination benefits paid to covered French employees only at retirement, and consists of approximately one to five months of salary. The Company's German pension plan provides for defined benefit payouts for covered German employees following retirement.

The aggregate net pension expense relating to these two plans is as follows (in millions):



	Three Months Ended June 30,
	2019		2018
Service costs	$	0.4	$	0.4
Interest costs	0.2		0.3
Amortization of actuarial loss	0.2		0.3
Net pension period cost	$	0.8	$	1.0

Interest costs and amortization of actuarial losses are recorded in the other income, net line item in the condensed consolidated statements of income. The Company's net periodic pension cost for fiscal 2020 is expected to be approximately $3.3 million. Cash funding for benefits paid was $0.2 million for the three months ended June 30, 2019 and 2018, respectively. The Company expects total contributions to these plans to be approximately $1.3 million in fiscal 2020.