Postretirement and Other Employee Benefits

6 Months Ended

Dec. 31, 2018

Postretirement and Other Employee Benefits

Note 13—Postretirement and Other Employee Benefits

Defined Benefit Pension Plan

We sponsor a defined benefit pension plan for our Swiss-based employees (the Swiss pension plan) 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 December 31,						Six Months Ended December 31,
	2018			2017			2018			2017
	(in thousands)
Components of net periodic cost
Service cost	$	630		$	624		$	1,275		$	1,264
Interest cost		114			87			230			176
Prior service credit		(77	)		(22	)		(155	)		(45	)
Net actuarial loss		54			54			110			109
Expected return on plan assets		(345	)		(294	)		(698	)		(595	)

Net periodic cost	$	376		$	449		$	762		$	909

The components of net periodic pension cost other than current service cost are presented within other expense, net in our consolidated statements of comprehensive income (loss).