We have a multi-employer defined contribution profit sharing plan with a 401(k) arrangement for employees in the United States. To become eligible for the profit sharing portion of the plan, an employee must complete two years of service and attain the age of twenty-one. Participation is automatic beginning the following January or July. To become eligible for the 401(k) portion of the plan, the employee must complete three-months of service and attain the age of twenty-one.

Both portions of the plan allow for employer contributions. We are required to match 50% of the employee's contribution to the 401(k) portion of the plan up to 6% of the employee's salary. Our matching contributions for the 401(k) portion of the plan were $1,871, $1,464 and $1,108 for the fiscal years ended September 30, 2012, 2011 and 2010, respectively. Employee's contributions are fully vested immediately while employer contributions vest over a five-year period.

Contributions to the profit sharing portion of the Plans are discretionary, ranging from 0% to 3%, and are approved by our Board of Directors. Total profit sharing expense for the fiscal years ended September 30, 2012, 2011 and 2010 were $1,847, $1,516 and $1,244, respectively. Employer contributions are fully vested immediately.

Centaur sponsors a defined contribution plan for all other staff not participating in the defined benefit plan described below. The contributions made by the employer over the period are detailed below. Contributions are currently payable at a minimum of 3% up to a maximum of 6% of eligible pay if matched by employee. The matching contribution for the plan was $250, $269 and $207 for the fiscal years ended September 30, 2012, 2011 and 2010, respectively.

Centaur operates a defined benefit pension plan which provides benefits based on pensionable pay and is closed to future benefit accrual.

The fair value of plan assets, benefit obligation and funded status of the defined benefit plan as of September 30 is as follows:


	2012		2011		2010
Fair value of plan assets	$	5,329	$	4,760	$	4,771
Benefit obligation		(7,228)		(7,031)		(7,160)
Unfunded pension liability	$	(1,899)	$	(2,271)	$	(2,389)

The unfunded pension liability is recognized as other long-term liabilities in the Consolidated Balance Sheets. Net periodic benefit expense for the fiscal year ended September 30 consisted of the following:


		2012		2011		2010
Interest cost		$	219	$	255	$	159
Expected return on plan assets			(249)		(205)		(139)
Net periodic (benefit)/cost			(30)		50		20

Other changes recognized in other comprehensive income
	Actuarial (gain)/loss		(373)		(88)		591
Total recognized in net periodic benefit costs and
	other comprehensive income	$	(403)	$	(38)	$	611

Total (gain)/loss recognized in other comprehensive income, net of tax		$	(228)	$	(21)	$	457

The estimated net actuarial loss that will be amortized from accumulated other comprehensive losses into net periodic benefit costs during fiscal year 2012 is not significant. The following table provides the weighted-average actuarial assumptions:


		2012
Assumptions used to determine benefit obligations
	Discount rate	3.0%
	Rate of compensation increase (1)	N/A

Assumptions used to determine net periodic benefit cost
	Discount rate	3.1%
	Expected return on plan assets	5.2%
	Rate of compensation increase (1)	N/A

(1) There is no assumed rate of compensation increase as there have been no current active members since April 2006.


		2012				2011
		Market		Asset	Fair Value	Market		Asset	Fair Value
Asset Class		Value		Allocation	Level	Value		Allocation	Level
Equities		$	1,793	34%	2	$	1,752	36%	2
Corporate bonds			1,275	24%	2		977	21%	2
UK Government bonds			485	9%	2		445	9%	2
Cash			218	4%	1		26	1%	1
Other assets			1,558	29%	2		1,560	33%	2
	Total	$	5,329	100%		$	4,760	100%