Postretirement and Other Employee Benefits

9 Months Ended

Mar. 31, 2018

Retirement Benefits [Abstract]

Postretirement and Other Employee Benefits

Note 12—Postretirement and Other Employee Benefits

Defined Benefit Pension Plan

We sponsor a retirement plan for our Swiss-based employees that is governed by local regulatory requirements. This plan includes certain minimum benefit guarantees that, under U.S. GAAP, require defined benefit plan accounting.

Net periodic pension costs for the Swiss pension plan included the following components:

	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
	(in thousands)
Components of net periodic cost
Service cost	$	650		$	729		$	1,914		$	2,211
Interest cost		91			31			267			94
Prior service credit		(23	)		(22	)		(68	)		(67	)
Net actuarial loss		56			160			165			486
Expected return on plan assets		(306	)		(218	)		(901	)		(661	)
Net periodic cost	$	468		$	680		$	1,377		$	2,063