XML 19 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Plans Retirement Plans (Tables)
12 Months Ended
Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
The following table presents changes in, and components of, the Company’s net liability for retirement costs as of and for the years ended September 30, 2013, 2012 and 2011, based on measurement dates of September 30, 2013, 2012 and 2011, respectively:
(in millions)
September 30, 2013
 
September 30, 2012
 
September 30, 2011
Changes in benefit obligation:
 
 
 
 
 
Benefit obligation, beginning of year
$
42.8

 
$
39.0

 
$
37.6

Interest cost
1.5

 
1.8

 
1.9

Actuarial loss
(2.6
)
 
5.8

 
2.6

Benefits paid
(4.2
)
 
(3.8
)
 
(3.1
)
Benefit obligation, end of year
37.5

 
42.8

 
39.0

Changes in plan assets:

 
 
 

Fair value, beginning of year
26.5

 
24.2

 
24.2

Actual return
3.7

 
4.6

 
(0.4
)
Employer contribution
2.9

 
1.5

 
3.5

Benefits paid
(4.2
)
 
(3.8
)
 
(3.1
)
Fair value, end of year
28.9

 
26.5

 
24.2

Funded status
$
(8.6
)
 
$
(16.3
)
 
$
(14.8
)
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
The following table displays the Company’s defined benefit plans that have accumulated benefit obligations and projected benefit obligations in excess of the fair value of plans assets (underfunded ABO) as of September 30, 2013 and 2012:
(in millions)
September 30, 2013
 
September 30, 2012
Accumulated benefit obligations
$
37.5

 
$
42.8

Projected benefit obligations
$
37.5

 
$
42.8

Plan assets
$
28.9

 
$
26.5

Schedule of Assumptions Used [Table Text Block]
The following weighted-average assumptions were used to determine net periodic pension cost for the years ended September 30, 2013, 2012 and 2011:
 
Year Ended September 30,
 
2013
 
2012
 
2011
Weighted average assumptions:
 
 
 
 
 
Discount rate
3.80%
 
4.80%
 
5.30%
Expected return on assets
7.00%
 
7.30%
 
7.30%
The following weighted-average assumptions were used to determine benefit obligations in the accompanying consolidated balance sheets as of September 30, 2013 and 2012:
 
September 30, 2013
 
September 30, 2012
Weighted average assumptions:
 
 
 
Discount rate
4.60%
 
3.80%
Expected return on assets
7.00%
 
7.00%
Schedule of Net Benefit Costs [Table Text Block]
The components of net periodic pension cost recognized in the consolidated income statements for the years ended September 30, 2013, 2012 and 2011 were as follows:
 
Year Ended September 30,
(in millions)
2013
 
2012
 
2011
Interest cost
$
1.5

 
$
1.8

 
$
1.9

Less expected return on assets
(1.8
)
 
(1.7
)
 
(1.7
)
Net amortization and deferral
0.8

 
0.4

 

Net periodic pension cost
$
0.5

 
$
0.5

 
$
0.2

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
Other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended September 30, 2013 and 2012 were as follows:
 
Year Ended September 30,
(in millions)
2013
 
2012
Net (gain) loss
$
(4.6
)
 
$
2.9

Amortization of loss
(0.8
)
 
(0.4
)
Total recognized in other comprehensive income
(5.4
)
 
2.5

Total recognized in net periodic benefit cost and other comprehensive income
$
(4.9
)
 
$
3.0

Schedule of Allocation of Plan Assets [Table Text Block]
The following table sets forth the actual asset allocation as of September 30, 2013 and 2012, and the target asset allocation for the Company’s plan assets:
 
September 30, 2013
 
September 30, 2012
 
Target Asset Allocation
Equity securities
68%
 
66%
 
70%
Debt securities
32%
 
34%
 
30%
Total
100%
 
100%
 
 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables summarize the Company’s pension assets, excluding cash held in the plan, by major category of plan assets measured at fair value on a recurring basis (at least annually) as of September 30, 2013 and 2012. For additional information and a detailed description of each level within the fair value hierarchy, see Note 4.

September 30, 2013
(in millions)
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Cash equivalents
$

 
$
0.5

 
$

 
$
0.5

Fixed income:


 


 


 


Government and agencies

 
0.6

 

 
0.6

Collective funds:
 
 
 
 
 
 
 
Fixed income

 
8.1

 

 
8.1

Equities

 
18.7

 

 
18.7

Real estate

 
1.0

 

 
1.0

Total
$

 
$
28.9

 
$

 
$
28.9



September 30, 2012
(in millions)
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Cash equivalents
$

 
$
0.4

 
$

 
$
0.4

Fixed income:


 


 


 


Government and agencies

 
0.8

 

 
0.8

Collective funds:
 
 
 
 
 
 
 
Fixed income

 
7.7

 

 
7.7

Equities

 
16.6

 

 
16.6

Real estate

 
1.0

 

 
1.0

Total
$

 
$
26.5

 
$

 
$
26.5

Schedule of Expected Benefit Payments [Table Text Block]
The following benefit payments, which reflect expected future service, are expected to be paid:
(in millions)
 
Year ending September 30,
 
2014
$
3.6

2015
3.3

2016
3.2

2017
2.9

2018
1.9

2019 - 2023
9.5


$
24.4