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Postretirement Benefits (Tables)
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12 Months Ended |
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Sep. 30, 2013
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| Compensation and Retirement Disclosure [Abstract] |
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| Funded Status and Amounts Recognized in Consolidated Balance Sheet |
The Company uses a September 30th measurement date in the determination of net periodic benefit costs, benefit obligations and the value of plan assets for all plans. The following tables set forth the funded status and amounts recognized in the Company’s Consolidated Balance Sheets at September 30, 2013 and 2012 (in thousands): | | | | | | | | | | September 30, | | 2013 | | 2012 | Benefit obligation at beginning of year | $ | 10,181 |
| | $ | 28,068 |
| Service cost | 604 |
| | 787 |
| Interest cost | 148 |
| | 984 |
| Actuarial (gain) loss | (670 | ) | | 1,235 |
| Benefits paid | (1,421 | ) | | (2,203 | ) | Settlement loss | — |
| | 1,040 |
| Settlements paid | (1,383 | ) | | (18,928 | ) | Curtailment gain | (500 | ) | | — |
| Foreign currency translation | 148 |
| | (802 | ) | Benefit obligation at end of year | $ | 7,107 |
| | $ | 10,181 |
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| | | | | | | | | | September 30, | | 2013 | | 2012 | Fair value of assets at beginning of year | $ | 8,015 |
| | $ | 20,173 |
| Actual return on plan assets | 304 |
| | 1,446 |
| Disbursements | (1,573 | ) | | (2,463 | ) | Employer contributions | 292 |
| | 7,684 |
| Employee contributions | 194 |
| | 334 |
| Settlements paid | (1,383 | ) | | (18,928 | ) | Foreign currency translation | 147 |
| | (231 | ) | Fair value of assets at end of year | $ | 5,996 |
| | $ | 8,015 |
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| | | | | | | | | | September 30, | | 2013 | | 2012 | Funded status/accrued benefit liability | $ | (1,111 | ) | | $ | (2,166 | ) |
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| Pension Amounts Recorded Within Account Line Items of Consolidated Balance Sheets |
The following table provides pension amounts recorded within the account line items of the Company’s consolidated balance sheets (in thousands): | | | | | | | | | | September 30, | | 2013 | | 2012 | Accrued compensation and benefits | $ | 296 |
| | $ | 478 |
| Long-term pension liability | 815 |
| | 1,688 |
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| Net Periodic Pension Cost |
The components of the Company’s net pension cost for the years ended September 30, 2013, 2012 and 2011 is as follows (in thousands): | | | | | | | | | | | | | | Year ended September 30, | | 2013 | | 2012 | | 2011 | Service cost | $ | 604 |
| | $ | 787 |
| | $ | 216 |
| Interest cost | 148 |
| | 984 |
| | 796 |
| Expected return on assets | (247 | ) | | (1,072 | ) | | (764 | ) | Amortization of losses | 4 |
| | 620 |
| | 458 |
| Other | 160 |
| | — |
| | — |
| Net periodic pension cost | 669 |
| | 1,319 |
| | 706 |
| Settlement loss | 87 |
| | 8,937 |
| | — |
| Total pension cost | $ | 756 |
| | $ | 10,256 |
| | $ | 706 |
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| Other changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss |
Other changes in Plan assets and benefit obligations recognized in other comprehensive loss (in thousands): | | | | | | | | | | September 30, | | 2013 | | 2012 | Net (gain) loss | $ | (791 | ) | | $ | 1,226 |
| Amortization of net loss | (3 | ) | | (620 | ) | Curtailment loss | (675 | ) | | — |
| Settlement loss | (87 | ) | | (8,937 | ) | Total recognized in other comprehensive income (loss) | (1,556 | ) | | (8,331 | ) | Total recognized in net periodic pension cost and other comprehensive income (loss) | $ | (887 | ) | | $ | (7,012 | ) |
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| Certain Information for the Plan with Respect to Accumulated Benefit Obligations |
Certain information for the Plans with respect to accumulated benefit obligations follows (in thousands): | | | | | | | | | | September 30, | | 2013 | | 2012 | Projected benefit obligation | $ | 7,107 |
| | $ | 10,181 |
| Accumulated benefit obligation | 6,272 |
| | 8,906 |
| Fair value of plan assets | 5,996 |
| | 8,015 |
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| Weighted-Average Assumptions Used to Determine Net Cost or Pension Obligation |
Weighted-average assumptions used to determine net cost at September 30, 2013, 2012 and 2011 follows: | | | | | | | | | | | Year Ended September 30, | | 2013 | | 2012 | | 2011 | Discount rate | 2.15 | % | | 3.51 | % | | 3.99 | % | Expected return on plan assets | 2.17 | % | | 2.18 | % | | 4.68 | % | Rate of compensation increase | 1.89 | % | | 1.84 | % | | 1.79 | % |
Weighted-average assumptions used to determine the pension obligation at September 30, 2013, 2012 and 2011 follows: | | | | | | | | | | | Year Ended September 30, | | 2013 | | 2012 | | 2011 | Discount rate | 2.15 | % | | 1.89 | % | | 3.76 | % | Rate of compensation increase | 1.89 | % | | 1.84 | % | | 1.79 | % |
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| Asset Allocation of Plan Assets |
The asset allocation of the plan assets at September 30, 2013 was as follows: | | | | | Percentage of
Plan Assets at
September 30,
2013 | Debt securities | 75 | % | Equity securities | 5 |
| Cash | 2 |
| Other | 18 |
| | 100 | % |
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| Fair Value of Pension Assets by Asset Category and by Level |
The fair value of pension assets by asset category and by level at September 30, 2013 were as follows (in thousands): | | | | | | | | | | | | | | | | | | As of September 30, 2013 | | Level 1 | | Level 2 | | Level 3 | | Total | Swiss Life collective foundation | $ | — |
| | $ | 5,474 |
| | $ | — |
| | $ | 5,474 |
| Taiwan collective trust | — |
| | 522 |
| | — |
| | 522 |
| Total | $ | — |
| | $ | 5,996 |
| | $ | — |
| | $ | 5,996 |
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| Expected Benefit Payments over the Next Ten Years |
Expected benefit payments over the next ten years are anticipated to be paid as follows (in thousands): | | | | | 2014 | $ | 232 |
| 2015 | 56 |
| 2016 | 57 |
| 2017 | 58 |
| 2018 | 59 |
| 2019-2023 | 583 |
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