XML 21 R51.htm IDEA: XBRL DOCUMENT v3.19.3
Retirement Benefits (Tables)
12 Months Ended
Sep. 30, 2019
Defined Contribution Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amount of Expense Associated with Defined Contribution Plans

Year Ended September 30,

2019

2018

2017

Company costs

$

35,510 

$

34,084 

$

32,008 

Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

Year Ended September 30,

United States

Other Countries

Total

2019

2018

2017

2019

2018

2017

2019

2018

2017

Service cost

$

1,451 

$

1,643 

$

1,675 

$

2,036 

$

1,124 

$

1,133 

$

3,487 

$

2,767 

$

2,808 

Interest cost

6,384 

6,004 

5,757 

1,906 

1,526 

1,208 

8,290 

7,530 

6,965 

Expected return on plan assets

(11,986)

(11,614)

(10,529)

(2,638)

(2,780)

(2,605)

(14,624)

(14,394)

(13,134)

Amortization of:

Net losses

617 

598 

1,854 

283 

291 

514 

900 

889 

2,368 

Net prior service cost

709 

709 

383 

-

-

-

709 

709 

383 

Net periodic (benefit) cost

$

(2,825)

$

(2,660)

$

(860)

$

1,587 

$

161 

$

250 

$

(1,238)

$

(2,499)

$

(610)

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

2019

2018

2019

2018

2019

2018

Changes in projected benefit obligation:

Projected benefit obligation at beginning of year

$

150,032 

$

161,130 

$

103,485 

$

66,369 

$

253,517 

$

227,499 

Plan amendment

-

-

601 

-

601 

-

Obligation assumed in L'Orange acquisition

-

-

-

39,257 

-

39,257 

Service cost

1,451 

1,643 

2,036 

1,124 

3,487 

2,767 

Interest cost

6,384 

6,004 

1,906 

1,526 

8,290 

7,530 

Net actuarial losses (gains)

23,841 

(13,128)

22,174 

(383)

46,015 

(13,511)

Contribution by participants

-

34 

9 

9 

9 

43 

Benefits paid

(6,113)

(5,651)

(3,181)

(2,888)

(9,294)

(8,539)

Foreign currency exchange rate changes

-

-

(5,495)

(1,529)

(5,495)

(1,529)

Projected benefit obligation at end of year

$

175,595 

$

150,032 

$

121,535 

$

103,485 

$

297,130 

$

253,517 

Changes in fair value of plan assets:

Fair value of plan assets at beginning of year

$

165,342 

$

160,332 

$

62,380 

$

64,380 

$

227,722 

$

224,712 

Actual return on plan assets

11,327 

10,627 

5,121 

1,407 

16,448 

12,034 

Contributions by the Company

-

-

1,697 

994 

1,697 

994 

Contributions by plan participants

-

34 

9 

9 

9 

43 

Benefits paid

(6,113)

(5,651)

(3,181)

(2,888)

(9,294)

(8,539)

Foreign currency exchange rate changes

-

-

(2,449)

(1,522)

(2,449)

(1,522)

Fair value of plan assets at end of year

$

170,556 

$

165,342 

$

63,577 

$

62,380 

$

234,133 

$

227,722 

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

$

(5,039)

$

15,310 

$

(57,958)

$

(41,105)

$

(62,997)

$

(25,795)

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,

2019

2018

2019

2018

Projected benefit obligation

$

(286,495)

$

(65,938)

$

(10,635)

$

(187,579)

Accumulated benefit obligation

(284,368)

(65,915)

(9,605)

(184,864)

Fair value of plan assets

222,661 

23,385 

11,472 

204,337 

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

2019

2018

2019

2018

2019

2018

Amounts recognized in statement of financial position consist of:

Other non-current assets

$

-

$

17,068 

$

838 

$

1,090 

$

838 

$

18,158 

Accrued liabilities

-

-

(1,539)

(1,322)

(1,539)

(1,322)

Other non-current liabilities

(5,039)

(1,758)

(57,256)

(40,873)

(62,295)

(42,631)

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

$

(5,039)

$

15,310 

$

(57,957)

$

(41,105)

$

(62,996)

$

(25,795)

Amounts recognized in accumulated other
comprehensive income consist of:

Unrecognized net prior service cost

$

5,750 

$

6,459 

$

579 

$

-

$

6,329 

$

6,459 

Unrecognized net losses

28,167 

4,285 

32,641 

14,529 

60,808 

18,814 

Total amounts recognized

33,917 

10,744 

33,220 

14,529 

67,137 

25,273 

Deferred taxes

(11,577)

(5,892)

(10,029)

(5,081)

(21,606)

(10,973)

Amounts recognized in accumulated other comprehensive income

$

22,340 

$

4,852 

$

23,191 

$

9,448 

$

45,531 

$

14,300 

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

Year Ended September 30,

United States

Other Countries

Total

2019

2018

2019

2018

2019

2018

Accumulated other comprehensive losses at beginning of year

$

10,744 

$

24,192 

$

14,529 

$

14,198 

$

25,273 

$

38,390 

Net loss (gain)

24,499 

(12,141)

19,691 

990 

44,190 

(11,151)

Prior service cost due to plan amendment

-

-

601 

-

601 

$

-

Amortization of:

Net losses

(617)

(598)

(283)

(292)

(900)

(890)

Prior service cost

(709)

(709)

-

-

(709)

(709)

Foreign currency exchange rate changes

-

-

(1,318)

(367)

(1,318)

(367)

Accumulated other comprehensive losses at end of year

$

33,917 

$

10,744 

$

33,220 

$

14,529 

$

67,137 

$

25,273 

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

$

936 

$

22 

$

958 

Net actuarial losses

1,430 

1,017 

2,447 

Schedule of Expected Benefit Payments

Year Ending September 30,

United States

Other Countries

Total

2020

$

7,170 

$

3,631 

$

10,801 

2021

7,823 

3,363 

11,186 

2022

8,383 

3,239 

11,622 

2023

8,924 

3,805 

12,729 

2024

9,385 

3,695 

13,080 

2025 – 2029

51,139 

19,494 

70,633 

Schedule of Allocation of Plan Assets, Actual and Target Allocations

At September 30,

2019

2018

Percentage of Plan Assets

Target Allocation Ranges

Percentage of Plan Assets

Target Allocation Ranges

United States:

Asset Class

Equity Securities

60.6%

41.4%

-

81.4%

65.1%

41.5%

-

81.5%

Debt Securities

37.9%

28.6%

-

48.6%

33.1%

28.5%

-

48.5%

Other

1.5%

0.0%

1.8%

0.0%

100.0%

100.0%

United Kingdom:

Asset Class

Equity Securities

41.6%

30.0%

-

60.0%

44.8%

30.0%

-

60.0%

Debt Securities

57.8%

45.0%

-

70.0%

54.8%

45.0%

-

70.0%

Other

0.6%

0.0%

0.4%

0.0%

100.0%

100.0%

Japan:

Asset Class

Equity Securities

41.4%

36.0%

-

44.0%

41.0%

36.0%

-

44.0%

Debt Securities

57.7%

55.0%

-

63.0%

58.1%

55.0%

-

63.0%

Other

0.9%

0.0%

-

2.0%

0.9%

0.0%

-

2.0%

100.0%

100.0%

Schedule of Allocation of Plan Assets, Fair Value Hierarchy

At September 30, 2019

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

$

2,568 

$

418 

$

-

$

-

$

-

$

-

$

2,986 

Mutual funds:

U.S. corporate bond fund

64,514 

-

-

-

-

-

64,514 

U.S. equity large cap fund

56,829 

-

-

-

-

-

56,829 

International equity large cap growth fund

46,645 

-

-

-

-

-

46,645 

Pooled funds:

Japanese equity securities

-

-

-

2,518 

-

-

2,518 

International equity securities

-

-

-

2,226 

-

-

2,226 

Japanese fixed income securities

-

-

-

4,915 

-

-

4,915 

International fixed income securities

-

-

-

1,710 

-

-

1,710 

Global target return equity/bond fund

-

-

-

12,488 

-

-

12,488 

Index linked U.K. equity fund

-

-

-

3,738 

-

-

3,738 

Index linked international equity fund

-

-

-

5,438 

-

-

5,438 

Index linked U.K. corporate bonds fund

-

-

-

16,737 

-

-

16,737 

Index linked U.K. government securities fund

-

-

-

5,491 

-

-

5,491 

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

-

-

-

7,898 

-

-

7,898 

Total assets

$

170,556 

$

418 

$

-

$

63,159 

$

-

$

-

$

234,133 

At September 30, 2018

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

$

2,908 

$

317 

$

-

$

-

$

-

$

-

$

3,225 

Mutual funds:

U.S. corporate bond fund

54,699 

-

-

-

-

-

54,699 

U.S. equity large cap fund

60,176 

-

-

-

-

-

60,176 

International equity large cap growth fund

47,559 

-

-

-

-

-

47,559 

Pooled funds:

Japanese equity securities

-

-

-

2,506 

-

-

2,506 

International equity securities

-

-

-

2,214 

-

-

2,214 

Japanese fixed income securities

-

-

-

4,968 

-

-

4,968 

International fixed income securities

-

-

-

1,730 

-

-

1,730 

Global target return equity/bond fund

-

-

-

12,495 

-

-

12,495 

Index linked U.K. equity fund

-

-

-

4,326 

-

-

4,326 

Index linked international equity fund

-

-

-

5,973 

-

-

5,973 

Index linked U.K. corporate bonds fund

-

-

-

16,121 

-

-

16,121 

Index linked U.K. government securities fund

-

-

-

4,913 

-

-

4,913 

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

-

-

-

6,817 

-

-

6,817 

Total assets

$

165,342 

$

317 

$

-

$

62,063 

$

-

$

-

$

227,722 

Other Postretirement Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

Year Ended September 30,

2019

2018

2017

Service cost

$

5 

$

7 

$

14 

Interest cost

1,154 

1,165 

1,244 

Amortization of:

Net losses

55 

94 

201 

Net prior service benefit

(5)

(158)

(158)

Curtailment gain

-

(330)

-

Net periodic cost

$

1,209 

$

778 

$

1,301 

Schedule of Actuarial Assumptions Used

2019

2018

2017

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

3.05 

%

4.30 

%

3.78 

%

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

4.30 

3.80 

3.63 

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

Year Ended September 30,

2019

2018

Changes in accumulated postretirement benefit obligation:

Accumulated postretirement benefit obligation at beginning of year

$

27,985 

$

32,252 

Service cost

5 

7 

Interest cost

1,154 

1,165 

Premiums paid by plan participants

1,192 

1,311 

Net actuarial gains

(373)

(2,716)

Benefits paid

(3,292)

(3,707)

Curtailment

-

(330)

Foreign currency exchange rate changes

-

3 

Accumulated postretirement benefit obligation at end of year

$

26,671 

$

27,985 

Changes in fair value of plan assets:

Fair value of plan assets at beginning of year

$

-

$

-

Contributions by the company

2,100 

2,396 

Premiums paid by plan participants

1,192 

1,311 

Benefits paid

(3,292)

(3,707)

Fair value of plan assets at end of year

$

-

$

-

Funded status at end of year

$

(26,671)

$

(27,985)

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

Year Ended September 30,

2019

2018

Amounts recognized in statement of financial position consist of:

Accrued liabilities

$

(2,048)

$

(2,249)

Other non-current liabilities

(24,623)

(25,736)

Funded status at end of year

$

(26,671)

$

(27,985)

Amounts recognized in accumulated other comprehensive income consist of:

Unrecognized net prior service (benefit) cost

$

4 

$

(1)

Unrecognized net (gains) losses

(3)

425 

Total amounts recognized

1 

424 

Deferred taxes

(414)

(518)

Amounts recognized in accumulated other comprehensive income

$

(413)

$

(94)

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

Year Ended September 30,

2019

2018

Accumulated other comprehensive losses at beginning of year

$

424 

$

3,074 

Net gain

(373)

(2,654)

Curtailment arising during the period

-

(59)

Amortization of:

Net losses

(55)

(95)

Prior service benefit

5 

158 

Accumulated other comprehensive losses at end of year

$

1 

$

424 

Schedule of Health Care Cost Trend Rates

2019

2018

Health care cost trend rate assumed for next year

6.25 

%

6.50 

%

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

2025

2025

Schedule of Health Care Costs Sensitivity

Change In Health Care Cost Trend Rate

1% increase

1% decrease

Effect on projected fiscal year 2020 service and interest cost

$

74 

$

(65)

Effect on accumulated postretirement benefit obligation at September 30, 2019

2,417 

(2,128)

Schedule of Future Postretirement Company Contributions

Year Ending September 30,

2020

$

3,237 

2021

3,220 

2022

3,183 

2023

3,125 

2024

3,061 

2025 – 2029

13,891 

Multiemployer Plans, Pension [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amounts of Contributions Associated with Multiemployer Defined Benefit Plans

Year Ended September 30,

2019

2018

2017

Company contributions

$

252 

$

334 

$

292 

United States [Member] | Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

2019

2018

2017

United States:

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

Discount rate

3.25 

%

4.35 

%

3.80 

%

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

Discount rate

4.35 

3.80 

3.65 

Long-term rate of return on plan assets

7.39 

7.39 

7.38 

United Kingdom | Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

2019

2018

2017

United Kingdom:

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

Discount rate

1.74 

%

2.68 

%

2.56 

%

Rate of compensation increase

3.50 

3.60 

3.60 

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

Discount rate - service cost

2.70 

2.58 

2.33 

Discount rate - interest cost

2.51 

2.36 

2.24 

Rate of compensation increase

3.60 

3.60 

3.40 

Long-term rate of return on plan assets

4.75 

4.75 

4.75 

Japan | Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

2019

2018

2017

Japan:

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

Discount rate

0.53 

%

0.62 

%

0.58 

%

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 - service cost

0.80 

0.72 

0.59 

Discount rate - interest cost

0.42 

0.38 

0.45 

Rate of compensation increase

2.00 

2.00 

2.02 

Long-term rate of return on plan assets

2.50 

2.50 

2.50 

Germany [Member] | Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

2019

2018

2017

Germany:

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

Discount rate

0.81 

%

1.87 

%

n/a

Rate of compensation increase

2.50 

2.50 

n/a

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

Discount rate - service cost

2.06 

2.05 

n/a

Discount rate - interest cost

1.53 

1.49 

n/a

Rate of compensation increase

2.50 

2.50 

n/a