Net Periodic Benefit Cost

3 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Net Periodic Benefit Cost

Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension cost for the Company’s defined benefit pension plans (in thousands):

	Three Months Ended
	June 30, 2019			June 30, 2018
Service costs	$	267		$	269
Interest cost	3,699			3,884
Expected return on plan assets	(3,973		)	(4,637		)
Net amortization	569			589
Net periodic pension (benefit) cost	$	562		$	105

The Company currently plans to contribute approximately $11,142,000 to its pension plans in fiscal 2020.

The following table sets forth the components of net periodic postretirement benefit cost for the Company’s defined benefit postretirement plans (in thousands):

	Three Months Ended
	June 30, 2019			June 30, 2018
Interest cost	$	20		$	29
Amortization of plan net losses	(40		)	(12		)
Net periodic postretirement (benefit) cost	$	(20	)	$	17

For additional information on the Company’s defined benefit pension and postretirement benefit plans, refer to the consolidated financial statements included in the 2019 10-K.