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Net Periodic Benefit Cost
 3 Months Ended
Sep. 30, 2021
Retirement Benefits [Abstract]  
Compensation and Employee Benefit Plans
10.    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 EndedSix Months Ended
 September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Service costs$248 $292 $502 $553 
Interest cost2,503 2,916 5,079 6,031 
Expected return on plan assets(3,259)(3,229)(6,520)(6,707)
Net amortization363 851 733 1,732 
Settlement— 16,324 — 19,046 
Net periodic pension (benefit) cost$(145)$17,154 $(206)$20,655 

Components of the net benefit costs other than the service cost component are recorded in Other (income) expense, net on the Condensed Consolidated Statements of Operations. Service costs are recorded as part of Income from operations.

During fiscal 2021, the Company settled the liabilities for one of its U.S. pension plans through a combination of (i) lump sum payments to eligible participants who elected to receive them and (ii) the purchase of annuity contracts for participants who did not elect lump sums. The lump sum payments were paid during the three months ended June 30, 2020 and resulted in a settlement charge of $2,722,000 which was recorded in Other (income) expense, net on the Condensed Consolidated Statements of Operations. During the quarter ended September 30, 2020, the Company purchased annuity contracts to settle the remaining liabilities of the terminated plan. The annuity contract purchase resulted in a settlement charge of $16,324,000 which was recorded in Other (income) expense, net on the Condensed Consolidated Statements of Operations during the six months ending September 30, 2020.

The Company currently plans to contribute approximately $5,166,000 to its pension plans in fiscal 2022.
 
The following table sets forth the components of net periodic postretirement benefit cost (benefit) for the Company’s defined benefit postretirement plans (in thousands):
 Three Months EndedSix Months Ended
 September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Interest cost$8 $14 $16 $28 
Amortization of plan net losses(55)(52)(110)(104)
Net periodic postretirement (benefit) cost$(47)$(38)$(94)$(76)
For additional information on the Company’s defined benefit pension and postretirement benefit plans, refer to the consolidated
financial statements included in the 2021 10-K.