Retirement Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2012

Retirement Benefit Plans [Abstract]

Net pension expense, benefit obligations and plan assets

	Years Ended September 30,
	2012			2011
Service cost	$	266		$	273
Interest cost		988			1,059
Expected return on plan assets		(1,413	)		(1,454	)
Amortization of prior service cost		47			117
Amortization of net loss		861			682
Early retirement expense		0			61
Settlement cost		513			0
Net pension expense for defined benefit plan	$	1,262		$	738

Defined Benefit pension plans

The status of all defined benefit pension plans at September 30 is as follows:

	2012			2011
Benefit obligations:
Benefit obligations at beginning of year	$	24,030		$	21,889
Service cost		266			273
Interest cost		988			1,059
Amendments		0			0
Actuarial loss		2,659			1,821
Benefits paid		(1,637	)		(1,073	)
Early retirement expense		0			61
Benefit obligations at end of year	$	26,306		$	24,030

Defined benefit plan, fair value of plan assets

Plan assets:
Plan assets at beginning of year	$	16,642		$	16,653
Actual return on plan assets		2,929			364
Employer contributions		1,015			698
Benefits paid		(1,637	)		(1,073	)
Plan assets at end of year	$	18,949		$	16,642

Amount recognized in the consolidated balance sheets

	Plans in which Assets Exceed Benefit Obligations at September 30,				Plans in which Benefit Obligations Exceed Assets at September 30,
	2012		2011		2012			2011
Reconciliation of funded status:
Plan assets in excess of (less than) projected benefit obligations	$	520	$	772	$	(7,877	)	$	(8,160	)
Amounts recognized in accumulated other comprehensive loss:
Net loss		872		562		9,907			10,449
Prior service cost		0		39		31			39
Net amount recognized in the consolidated balance sheets	$	1,392	$	1,373	$	2,061		$	2,328
Amounts recognized in the consolidated balance sheets are:
Other assets	$	520	$	772	$	0		$	0
Other long-term liabilities		0		0		(7,877	)		(8,160	)
Accumulated other comprehensive loss – pretax		872		601		9,938			10,488
Net amount recognized in the consolidated balance sheets	$	1,392	$	1,373	$	2,061		$	2,328

Components of net periodic benefit cost

The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit costs during fiscal 2013 are as follows:

	Plans in which Assets Exceed Benefit Obligations		Plans in which Benefit Obligations Exceed Assets
Net loss	$	44	$	862
Prior service cost		0		8
Total	$	44	$	870

Developing the benefit obligation and the net pension expense for defined benefit pension plans

Where applicable, the following weighted-average assumptions were used in developing the benefit obligation and the net pension expense for defined benefit pension plans:

	Years Ended September 30,
	2012			2011
Discount rate for liabilities		3.6	%		4.2	%
Discount rate for expenses		4.2	%		5.0	%
Expected return on assets		8.1	%		8.3	%

Fair values and levels within the fair value hierarchy

September 30, 2012	Asset Amount		Level 1		Level 2		Level 3
U.S. equity securities:
Large value	$	288	$	0	$	288	$	0
Large blend		8,592		0		8,592		0
Large growth		640		0		640		0
Mid blend		19		0		19		0
Small blend		4		0		4		0
Non-U.S equity securities:
Foreign large blend		1,295		0		1,295		0
Diversified emerging markets		70		0		70		0
U.S. debt securities:
Inflation protected bond		952		0		952		0
Intermediate term bond		6,412		0		4,319		2,093
High inflation bond		299		0		299		0
Non-U.S. debt securities:
Emerging markets bonds		239		0		239		0
Stable value:
Short-term bonds		139		139		0		0
Total plan assets at fair value	$	18,949	$	139	$	16,717	$	2,093

September 30, 2011	Asset Amount		Level 1		Level 2		Level 3
U.S. equity securities:
Large value	$	204	$	0	$	204	$	0
Large blend		6,945		0		6,945		0
Large growth		832		0		832		0
Mid blend		43		0		43		0
Small blend		34		0		34		0
Non-U.S. equity securities:
Foreign large blend		1,048		0		1,048		0
Diversified emerging markets		109		0		109		0
U.S. debt securities:
Inflation protected bond		489		0		489		0
Intermediate term bond		6,176		0		4,083		2,093
High inflation bond		328		0		328		0
Non-U.S. debt securities:
Emerging markets bonds		257		0		257		0
Stable value:
Short-term bonds		177		177		0		0
Total plan assets at fair value	$	16,642	$	177	$	14,372	$	2,093

Changes in the fair value of the Company's Level 3 investments

Changes in the fair value of the Company’s Level 3 investments during the years ending September 30, 2012 and 2011 were as follows:

	2012			2011
Balance at beginning of year	$	2,093		$	1,911
Actual return on plan assets		118			144
Purchases and sales of plan assets, net		(118	)		38
Balance at end of year	$	2,093		$	2,093

Asset allocation range provides flexibility for the Plan's investments

	Percent of Plan Assets at September 30,						Asset Allocation Range
	2012			2011
U.S. equities		50	%		48	%		30% to 70%
Non-U.S. equities		7	%		7	%		0% to 20%
U.S. debt securities		41	%		42	%		20% to 70%
Non-U.S. debt securities		1	%		2	%		0% to 10%
Other securities		1	%		1	%		0% to 60%
Total		100	%		100	%

Expected benefit payment amount

Years Ending September 30,	Projected Benefit Payments
2013	$	1,991
2014		1,370
2015		1,269
2016		1,288
2017		1,804
2018-2022		8,279

Company's contribution to U.S. multi-employer retirement plans for certain union employees

The Company contributes to two (2) U.S. multi-employer retirement plans for certain union employees, as follow:

Pension Fund	Pension Protection Act Zone Status				FIP/RP Status Pending/ Implemented		Contributions by the Company				Surcharge Imposed		Expiration of Collective Bargaining Agreement
	2012		2011				2012		2011
Fund 1		Green		Green		No	$	52	$	60		No		5/31/2015
Fund 2		Yellow		Yellow		Implemented	$	205	$	144		Yes		7/31/2013

1 The fund is the IAM National Pension Fund – EIN 51-6031295 / Plan number 002. The IAM National Pension Fund utilized the special 30-year amortization provided by Public law 111-192, section 211 to amortize its losses from 2008.

2 The fund is the Boilermaker-Blacksmith National Pension Trust – EIN 48-6168020 / Plan number 001.