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Retirement Benefits (Tables)
12 Months Ended
Sep. 30, 2015
Pension Plans, Defined Benefit [Member]  
Schedule of Actuarial Assumptions Used

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2013

United States:

 

 

 

 

 

 

 

 

Weighted-average assumptions to determine benefit obligation at September 30:

 

 

 

 

 

 

 

 

Discount rate

4.39 

%

 

4.40 

%

 

5.15 

%

Rate of compensation increase

n/a

 

 

3.50 

 

 

3.50 

 

Weighted-average assumptions to determine periodic benefit costs for years ended September 30:

 

 

 

 

 

 

 

 

Discount rate

4.40 

 

 

5.15 

 

 

4.10 

 

Rate of compensation increase

n/a

 

 

3.50 

 

 

3.50 

 

Long-term rate of return on plan assets

7.62 

 

 

7.62 

 

 

7.59 

 

United Kingdom:

 

 

 

 

 

 

 

 

Weighted-average assumptions to determine benefit obligation at September 30:

 

 

 

 

 

 

 

 

Discount rate

3.75 

%

 

4.10 

%

 

4.50 

%

Rate of compensation increase

3.40 

 

 

3.50 

 

 

3.50 

 

Weighted-average assumptions to determine periodic benefit costs for years ended September 30:

 

 

 

 

 

 

 

 

Discount rate

4.10 

 

 

4.50 

 

 

4.60 

 

Rate of compensation increase

3.50 

 

 

3.50 

 

 

3.90 

 

Long-term rate of return on plan assets

5.50 

 

 

5.50 

 

 

5.50 

 

Japan:

 

 

 

 

 

 

 

 

Weighted-average assumptions to determine benefit obligation at September 30:

 

 

 

 

 

 

 

 

Discount rate

0.97 

%

 

1.10 

%

 

1.25 

%

Rate of compensation increase

2.00 

 

 

2.00 

 

 

2.00 

 

Weighted-average assumptions to determine periodic benefit costs for years ended September 30:

 

 

 

 

 

 

 

 

Discount rate

1.10 

 

 

1.25 

 

 

1.50 

 

Rate of compensation increase

2.00 

 

 

2.00 

 

 

2.00 

 

Long-term rate of return on plan assets

3.00 

 

 

3.00 

 

 

2.80 

 

Switzerland:

 

 

 

 

 

 

 

 

Weighted-average assumptions to determine benefit obligation at September 30:

 

 

 

 

 

 

 

 

Discount rate

n/a

 

 

n/a

 

 

2.25 

%

Rate of compensation increase

n/a

 

 

n/a

 

 

2.00 

 

Weighted-average assumptions to determine periodic benefit costs for years ended September 30:

 

 

 

 

 

 

 

 

Discount rate

n/a

 

 

2.25 

 

 

1.75 

 

Rate of compensation increase

n/a

 

 

2.00 

 

 

2.00 

 

Long-term rate of return on plan assets

n/a

 

 

2.25 

 

 

1.75 

 

 

Schedule of Net Periodic Benefit Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

United States

 

Other Countries

 

Total

 

 

2015

 

2014

 

2013

 

2015

 

2014

 

2013

 

2015

 

2014

 

2013

Service cost

 

$

2,018 

 

$

3,516 

 

$

4,608 

 

$

784 

 

$

988 

 

$

1,052 

 

$

2,802 

 

$

4,504 

 

$

5,660 

Interest cost

 

 

5,956 

 

 

6,382 

 

 

5,569 

 

 

2,128 

 

 

2,410 

 

 

2,113 

 

 

8,084 

 

 

8,792 

 

 

7,682 

Expected return on plan assets

 

 

(10,647)

 

 

(9,813)

 

 

(8,183)

 

 

(3,032)

 

 

(3,070)

 

 

(2,610)

 

 

(13,679)

 

 

(12,883)

 

 

(10,793)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (gains) losses

 

 

396 

 

 

330 

 

 

1,374 

 

 

190 

 

 

655 

 

 

465 

 

 

586 

 

 

985 

 

 

1,839 

Net prior service (benefit) cost

 

 

383 

 

 

97 

 

 

75 

 

 

 -

 

 

(4)

 

 

(8)

 

 

383 

 

 

93 

 

 

67 

Settlement costs

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

37 

 

 

 -

 

 

 -

 

 

37 

Curtailment (benefits)

 

 

 -

 

 

(6,624)

 

 

 -

 

 

 -

 

 

(915)

 

 

 -

 

 

 -

 

 

(7,539)

 

 

 -

Net periodic (benefit) cost

 

$

(1,894)

 

$

(6,112)

 

$

3,443 

 

$

70 

 

$

64 

 

$

1,049 

 

$

(1,824)

 

$

(6,048)

 

$

4,492 

 

Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At or for the Year Ended September 30,

 

 

United States

 

Other Countries

 

Total

 

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

Changes in projected benefit obligation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

137,740 

 

$

126,532 

 

$

63,535 

 

$

63,891 

 

$

201,275 

 

$

190,423 

Service cost

 

 

2,018 

 

 

3,516 

 

 

784 

 

 

988 

 

 

2,802 

 

 

4,504 

Interest cost

 

 

5,956 

 

 

6,382 

 

 

2,128 

 

 

2,410 

 

 

8,084 

 

 

8,792 

Net actuarial losses

 

 

4,206 

 

 

12,446 

 

 

2,715 

 

 

3,015 

 

 

6,921 

 

 

15,461 

Contribution by participants

 

 

28 

 

 

 -

 

 

23 

 

 

91 

 

 

51 

 

 

91 

Benefits paid

 

 

(4,078)

 

 

(3,732)

 

 

(2,424)

 

 

(2,318)

 

 

(6,502)

 

 

(6,050)

Amounts paid by Company for Pension Protection Fund levy

 

 

 -

 

 

 -

 

 

 -

 

 

(13)

 

 

 -

 

 

(13)

Plan amendments

 

 

 -

 

 

3,355 

 

 

 -

 

 

 -

 

 

 -

 

 

3,355 

Settlements

 

 

 -

 

 

 -

 

 

 -

 

 

(1,985)

 

 

 -

 

 

(1,985)

Curtailments

 

 

 -

 

 

(10,759)

 

 

 -

 

 

(1,499)

 

 

 -

 

 

(12,258)

Foreign currency exchange rate changes

   

 

 -

 

 

 -

 

 

(4,530)

 

 

(1,045)

 

 

(4,530)

 

 

(1,045)

Projected benefit obligation at end of year

 

$

145,870 

 

$

137,740 

 

$

62,231 

 

$

63,535 

 

$

208,101 

 

$

201,275 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in fair value of plan assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

$

142,090 

 

$

129,518 

 

$

63,071 

 

$

60,657 

 

$

205,161 

 

$

190,175 

Actual return on plan assets

 

 

(2,535)

 

 

15,764 

 

 

2,975 

 

 

5,212 

 

 

440 

 

 

20,976 

Contributions by the company

 

 

85 

 

 

540 

 

 

1,483 

 

 

2,422 

 

 

1,568 

 

 

2,962 

Contributions by plan participants

 

 

28 

 

 

 -

 

 

23 

 

 

91 

 

 

51 

 

 

91 

Benefits paid

 

 

(4,078)

 

 

(3,732)

 

 

(2,424)

 

 

(2,318)

 

 

(6,502)

 

 

(6,050)

Settlements

 

 

 -

 

 

 -

 

 

 -

 

 

(1,985)

 

 

 -

 

 

(1,985)

Foreign currency exchange rate changes

 

 

 -

 

 

 -

 

 

(4,465)

 

 

(1,008)

 

 

(4,465)

 

 

(1,008)

Fair value of plan assets at end of year

   

$

135,590 

 

$

142,090 

 

$

60,663 

 

$

63,071 

 

$

196,253 

 

$

205,161 

Net over/(under)funded status at end of year

 

$

(10,280)

 

$

4,350 

 

$

(1,568)

 

$

(464)

 

$

(11,848)

 

$

3,886 

 

Schedule of Accumulated Benefit Obligations In Excess of and Less Than Fair Value of Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plans with accumulated benefit obligation in excess of plan assets

 

Plans with accumulated benefit obligation less than plan assets

 

 

At September 30,

 

At September 30,

 

 

2015

 

2014

 

2015

 

2014

Projected benefit obligation

 

$

(198,165)

 

$

(25,955)

 

$

(9,936)

 

$

(175,320)

Accumulated benefit obligation

 

 

(196,694)

 

 

(25,955)

 

 

(8,918)

 

 

(172,509)

Fair value of plan assets

 

 

185,623 

 

 

24,671 

 

 

10,630 

 

 

180,490 

 

Schedule of Amounts Recognized in Balance Sheet and Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At or for the Year Ended September 30,

 

 

United States

 

Other Countries

 

Total

 

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

Amounts recognized in statement of financial position
consist of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other non-current assets

 

$

 -

 

$

5,634 

 

$

694 

 

$

 -

 

$

694 

 

$

5,634 

Other non-current liabilities

 

 

(10,280)

 

 

(1,284)

 

 

(2,262)

 

 

(464)

 

 

(12,542)

 

 

(1,748)

Net over/(under)funded status at end of year

 

$

(10,280)

 

$

4,350 

 

$

(1,568)

 

$

(464)

 

$

(11,848)

 

$

3,886 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts recognized in accumulated other
comprehensive income consist of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized net prior service cost

 

$

4,241 

 

$

4,624 

 

$

 -

 

$

 -

 

$

4,241 

 

$

4,624 

Unrecognized net losses

 

 

26,861 

 

 

9,867 

 

 

13,618 

 

 

11,902 

 

 

40,479 

 

 

21,769 

Total amounts recognized

 

 

31,102 

 

 

14,491 

 

 

13,618 

 

 

11,902 

 

 

44,720 

 

 

26,393 

Deferred taxes

 

 

(11,890)

 

 

(5,527)

 

 

(4,817)

 

 

(4,131)

 

 

(16,707)

 

 

(9,658)

Amounts recognized in accumulated other comprehensive income

 

$

19,212 

 

$

8,964 

 

$

8,801 

 

$

7,771 

 

$

28,013 

 

$

16,735 

 

Schedule of Changes in Plan Assets and Benefit Obligations Recorded in Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

United States

 

Other Countries

 

Total

 

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

Net (gain) loss

 

$

17,390 

 

$

(4,269)

 

$

2,771 

 

$

(622)

 

$

20,161 

 

$

(4,891)

Prior service cost

 

 

 -

 

 

3,355 

 

 

 -

 

 

 -

 

 

 -

 

$

3,355 

Loss due to settlement or curtailment arising during the period

 

 

 -

 

 

6,624 

 

 

 -

 

 

915 

 

 

 -

 

 

7,539 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net losses

 

 

(396)

 

 

(330)

 

 

(190)

 

 

(655)

 

 

(586)

 

 

(985)

Prior service benefit (cost)

 

 

(383)

 

 

(97)

 

 

 -

 

 

 

 

(383)

 

 

(93)

Foreign currency exchange rate changes

 

 

 -

 

 

 -

 

 

(865)

 

 

(107)

 

 

(865)

 

 

(107)

Total recorded in accumulated other comprehensive loss (income)

 

$

16,611 

 

$

5,283 

 

$

1,716 

 

$

(465)

 

$

18,327 

 

$

4,818 

 

Schedule of Amounts Expected to be Amortized from Accumulated Other Comprehensive Income (Loss) and Reported as a Component of Net Periodic Benefit Cost During the Next Fiscal Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

Other Countries

 

Total

Prior service cost

 

$

383 

 

$

 -

 

$

383 

Net actuarial losses

 

 

1,292 

 

 

263 

 

 

1,555 

 

Schedule of Expected Benefit Payments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending September 30,

 

United States

 

Other Countries

 

Total

2016

 

$

5,140 

 

$

2,214 

 

$

7,354 

2017

 

 

5,776 

 

 

2,357 

 

 

8,133 

2018

 

 

6,401 

 

 

2,364 

 

 

8,765 

2019

 

 

7,071 

 

 

2,560 

 

 

9,631 

2020

 

 

7,614 

 

 

2,467 

 

 

10,081 

2021 – 2025

 

 

44,971 

 

 

13,900 

 

 

58,871 

 

Schedule of Allocation of Plan Assets, Actual and Target Allocations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30,

 

 

2015

 

2014

 

 

Percentage of Plan Assets

 

Target Allocation Ranges

 

Percentage of Plan Assets

 

Target Allocation Ranges

United States:

 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities

 

58.2% 

 

40.7%

-

80.7%

 

60.0% 

 

40.7%

-

80.7%

Debt Securities

 

41.5% 

 

29.3%

-

49.3%

 

39.8% 

 

29.3%

-

49.3%

Other

 

0.3% 

 

0.0%

 

0.2% 

 

0.0%

 

 

100.0% 

 

 

 

 

 

100.0% 

 

 

 

 

United Kingdom:

 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities

 

36.0% 

 

40.0%

-

70.0%

 

48.2% 

 

40.0%

-

70.0%

Debt Securities

 

63.8% 

 

35.0%

-

65.0%

 

51.7% 

 

35.0%

-

65.0%

Other

 

0.2% 

 

0.0%

 

0.1% 

 

0.0%

 

 

100.0% 

 

 

 

 

 

100.0% 

 

 

 

 

Japan:

 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities

 

38.6% 

 

36.0%

-

44.0%

 

40.7% 

 

36.0%

-

44.0%

Debt Securities

 

60.4% 

 

55.0%

-

63.0%

 

58.4% 

 

55.0%

-

63.0%

Other

 

1.0% 

 

0.0%

-

2.0%

 

0.9% 

 

0.0%

-

2.0%

 

 

100.0% 

 

 

 

 

 

100.0% 

 

 

 

 

 

Schedule of Allocation of Plan Assets, Fair Value Hieracrchy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30, 2015

 

 

Level 1

 

Level 2

 

Level 3

 

 

 

 

 

United States

 

Other Countries

 

United States

 

Other Countries

 

United States

 

Other Countries

 

Total

Asset Category:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

467 

 

$

201 

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

668 

Mutual funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporate bond fund

 

 

56,210 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

56,210 

U.S. equity large cap fund

 

 

47,517 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

47,517 

International equity large cap growth fund

 

 

31,396 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

31,396 

Pooled funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Japanese equity securities

 

 

 -

 

 

 -

 

 

 -

 

 

2,116 

 

 

 -

 

 

 -

 

 

2,116 

International equity securities

 

 

 -

 

 

 -

 

 

 -

 

 

1,982 

 

 

 -

 

 

 -

 

 

1,982 

Japanese fixed income securities

 

 

 -

 

 

 -

 

 

 -

 

 

4,805 

 

 

 -

 

 

 -

 

 

4,805 

International fixed income securities

 

 

 -

 

 

 -

 

 

 -

 

 

1,624 

 

 

 -

 

 

 -

 

 

1,624 

Index linked U.K. equity fund

 

 

 -

 

 

 -

 

 

 -

 

 

8,687 

 

 

 -

 

 

 -

 

 

8,687 

Index linked international equity fund

 

 

 -

 

 

 -

 

 

 -

 

 

9,336 

 

 

 -

 

 

 -

 

 

9,336 

Index linked U.K. corporate bonds fund

 

 

 -

 

 

 -

 

 

 -

 

 

16,613 

 

 

 -

 

 

 -

 

 

16,613 

Index linked U.K.  government securities fund

 

 

 -

 

 

 -

 

 

 -

 

 

4,716 

 

 

 -

 

 

 -

 

 

4,716 

Index linked U.K. long-term government securities fund

 

 

 -

 

 

 -

 

 

 -

 

 

10,583 

 

 

 -

 

 

 -

 

 

10,583 

Total assets

 

$

135,590 

 

$

201 

 

$

 -

 

$

60,462 

 

$

 -

 

$

 -

 

$

196,253 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30, 2014

 

 

Level 1

 

Level 2

 

Level 3

 

 

 

 

 

United States

 

Other Countries

 

United States

 

Other Countries

 

United States

 

Other Countries

 

Total

Asset Category:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

316 

 

$

168 

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

484 

Mutual funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporate bond fund

 

 

56,559 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

56,559 

U.S. equity large cap fund

 

 

49,220 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

49,220 

International equity large cap growth fund

 

 

35,995 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

35,995 

Pooled funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Japanese equity securities

 

 

 -

 

 

 -

 

 

 -

 

 

2,330 

 

 

 -

 

 

 -

 

 

2,330 

International equity securities

 

 

 -

 

 

 -

 

 

 -

 

 

2,067 

 

 

 -

 

 

 -

 

 

2,067 

Japanese fixed income securities

 

 

 -

 

 

 -

 

 

 -

 

 

4,676 

 

 

 -

 

 

 -

 

 

4,676 

International fixed income securities

 

 

 -

 

 

 -

 

 

 -

 

 

1,638 

 

 

 -

 

 

 -

 

 

1,638 

Global target return equity/bond fund

 

 

 -

 

 

 -

 

 

 -

 

 

12,327 

 

 

 -

 

 

 -

 

 

12,327 

Index linked U.K. equity fund

 

 

 -

 

 

 -

 

 

 -

 

 

6,240 

 

 

 -

 

 

 -

 

 

6,240 

Index linked international equity fund

 

 

 -

 

 

 -

 

 

 -

 

 

6,593 

 

 

 -

 

 

 -

 

 

6,593 

Index linked U.K. corporate bonds fund

 

 

 -

 

 

 -

 

 

 -

 

 

16,897 

 

 

 -

 

 

 -

 

 

16,897 

Index linked U.K.  government securities fund

 

 

 -

 

 

 -

 

 

 -

 

 

4,566 

 

 

 -

 

 

 -

 

 

4,566 

Index linked U.K. long-term government securities fund

 

 

 -

 

 

 -

 

 

 -

 

 

5,569 

 

 

 -

 

 

 -

 

 

5,569 

Total assets

 

$

142,090 

 

$

168 

 

$

 -

 

$

62,903 

 

$

 -

 

$

 -

 

$

205,161 

 

Multiemployer Plan [Member]  
Schedule of Costs of Retirement Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

2015

 

2014

 

2013

Company contributions

 

$

600 

 

$

728 

 

$

797 

 

Defined Contribution Plan [Member]  
Schedule of Costs of Retirement Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

2015

 

2014

 

2013

Company costs

 

$

30,933 

 

$

24,921 

 

$

20,012 

 

Other Postretirement Benefit Plans, Defined Benefit [Member]  
Schedule of Actuarial Assumptions Used

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2013

Weighted-average discount rate used to determine benefit obligation at September 30

4.01 

%

 

4.40 

%

 

5.14 

%

Weighted-average discount rate used to determine net periodic benefit cost for years ended September 30

4.40 

 

 

5.14 

 

 

4.11 

 

 

Schedule of Net Periodic Benefit Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

2015

 

2014

 

2013

Service cost

 

$

30 

 

$

47 

 

$

71 

Interest cost

 

 

1,233 

 

 

1,432 

 

 

1,244 

Amortization of:

 

 

 

 

 

 

 

 

 

Net gains

 

 

(73)

 

 

(200)

 

 

(68)

Net prior service benefit

 

 

(158)

 

 

(158)

 

 

(158)

Net periodic cost

 

$

1,032 

 

$

1,121 

 

$

1,089 

 

Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

2015

 

2014

Changes in accumulated postretirement benefit obligation:

 

 

 

 

 

 

Accumulated postretirement benefit obligation at beginning of year

 

$

29,225 

 

$

28,996 

Service cost

 

 

30 

 

 

47 

Interest cost

 

 

1,233 

 

 

1,432 

Premiums paid by plan participants

 

 

1,613 

 

 

1,843 

Net actuarial losses

 

 

6,705 

 

 

1,145 

Benefits paid

 

 

(3,848)

 

 

(4,243)

Foreign currency exchange rate changes

 

 

(31)

 

 

Accumulated postretirement benefit obligation at end of year

 

$

34,927 

 

$

29,225 

Changes in fair value of plan assets:

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

$

 -

 

$

 -

Contributions by the company

 

 

2,235 

 

 

2,400 

Premiums paid by plan participants

 

 

1,613 

 

 

1,843 

Benefits paid

 

 

(3,848)

 

 

(4,243)

 Fair value of plan assets at end of year

 

$

 -

 

$

 -

Funded status at end of year

 

$

(34,927)

 

$

(29,225)

 

Schedule of Amounts Recognized in Balance Sheet and Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

2015

 

2014

Amounts recognized in statement of financial position consist of:

 

 

 

 

 

 

Accrued liabilities

 

$

(2,481)

 

$

(2,262)

Other non-current liabilities

 

 

(32,446)

 

 

(26,963)

Funded status at end of year

 

$

(34,927)

 

$

(29,225)

 

 

 

 

 

 

 

Amounts recognized in accumulated other comprehensive loss (income) consist of:

 

 

 

 

 

 

Unrecognized net prior service benefit

 

$

(477)

 

$

(635)

Unrecognized net (gains) losses

 

 

3,745 

 

 

(3,031)

Total amounts recognized

 

 

3,268 

 

 

(3,666)

Deferred taxes

 

 

(1,267)

 

 

1,388 

Amounts recognized in accumulated other comprehensive loss (income)

 

$

2,001 

 

$

(2,278)

 

Schedule of Changes in Plan Assets and Benefit Obligations Recorded in Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

2015

 

2014

Net loss

 

$

6,705 

 

$

1,145 

Amortization of:

 

 

 

 

 

 

Net gains

 

 

73 

 

 

200 

Prior service benefit

 

 

158 

 

 

159 

Foreign currency exchange rate changes

 

 

(2)

 

 

Total recorded in accumulated other comprehensive loss

 

$

6,934 

 

$

1,507 

 

Schedule of Expected Benefit Payments

 

 

 

 

 

 

 

 

Year Ending September 30,

 

 

 

2016

 

$

4,103 

2017

 

 

4,086 

2018

 

 

4,082 

2019

 

 

4,097 

2020

 

 

4,066 

2021 – 2025

 

 

19,476 

 

Schedule of Health Care Cost Trend Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

Health care cost trend rate assumed for next year

 

 

 

7.00 

%

 

7.00 

%

Rate to which the cost trend rate is assumed to decline

 

 

 

 

 

 

 

 

(the ultimate trend rate)

 

 

 

5.00 

%

 

5.00 

%

Year that the rate reaches the ultimate trend rate

 

 

 

2024 

 

 

2023 

 

 

Schedule of Health Care Costs Sensitivity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change In Health Care Cost Trend Rate

 

 

 

1% increase

 

1% decrease

Effect on projected fiscal year 2016 service and interest cost

 

 

$

130 

 

$

(111)

Effect on accumulated postretirement benefit obligation at September 30, 2015

 

 

 

3,372 

 

 

(2,949)