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Defined Benefit Pension Plan
 3 Months Ended
Dec. 31, 2017
Defined Benefit Pension Plan  
Defined Benefit Pension Plan
Defined Benefit Pension Plan

Certain employees of Liquidity Services UK Limited (“GoIndustry”), which the Company acquired in July 2012, are covered by the Henry Butcher Pension Fund and Life Assurance Scheme (the “Scheme”), a qualified defined benefit pension plan.

The net periodic benefit recognized for the three months ended December 31, 2017 and 2016 included the following components:

 
 
Three Months Ended December 31,
Qualified Defined Benefit Pension Plan
 
2017
 
2016
 
 
(dollars in thousands)
Service cost
 
$
—

 
$
—

Interest cost
 
166

 
144

Expected return on plan assets
 
(252
)
 
(204
)
Settlement cost
 
(4
)
 
—

Total net periodic (benefit)
 
$
(90
)
 
$
(60
)