XML 24 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Retirement Benefit Plans
3 Months Ended
Dec. 31, 2017
Retirement Benefits [Abstract]  
Retirement Benefit Plans
Retirement Benefit Plans
The Company and certain of its subsidiaries sponsor defined benefit pension plans covering some of its employees. The components of net periodic benefit cost of the Company’s defined benefit plans are as follows:
 
 Three Months Ended 
 December 31,
 
2017
 
2016
Service cost
$
63

 
$
78

Interest cost
240

 
220

Expected return on plan assets
(402
)
 
(404
)
Amortization of net loss
161

 
216

Net periodic cost
$
62

 
$
110

During the three months ended December 31, 2017 and 2016, the Company made no contributions to its defined benefit pension plans. The Company anticipates making $45 of additional cash contributions to fund its defined benefit pension plans during the balance of fiscal 2018 and will use carryover balances from previous periods that have been available for use as a credit to reduce the amount of cash contributions that the Company is required to make to certain defined benefit plans in fiscal 2018. The Company's ability to elect to use such carryover balance will be determined based on the actual funded status of each defined benefit pension plan relative to the plan's minimum regulatory funding requirements. The Company does not anticipate making cash contributions above the minimum funding requirement to fund its defined benefit pension plans during the balance of fiscal 2018.