RETIREMENT PLANS

6 Months Ended

Mar. 31, 2017

Retirement Plans [Abstract]

RETIREMENT PLANS

11. RETIREMENT PLANS

 

A summary of net periodic benefit expense for the Company’s defined benefit plans for the three and six-month periods ended March 31, 2017 and 2016 is shown in the following table. Net periodic benefit cost for each period presented is comprised of the following:

	Three Months				Six Months
	Ended March 31,				Ended March 31,
(In thousands)	2017		2016		2017		2016
Defined benefit plans
Interest cost	$	737		963		1,702		1,925
Expected return on assets		(942)		(1,093)		(2,036)		(2,187)
Amortization of:
Prior service cost		-		3		3		7
Actuarial loss		683		486		1,188		972
Net periodic benefit cost	$	478		359		857		717