Pension, Profit Sharing and Other Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2018

Pension Plans

Schedule of projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the defined benefit pension plans

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the defined benefit pension plans were as follows (in thousands):

September 30,	2018		2017
Projected benefit obligation	$	222,332	$	235,097
Accumulated benefit obligation		222,332		235,097
Fair value of plan assets		214,530		209,722

Schedule of changes in the projected benefit obligation and fair value of plan assets and the funded status

The following table sets forth changes in the projected benefit obligation and fair value of plan assets and the funded status for these defined benefit plans (in thousands):

September 30,	2018		2017
Change in benefit obligations:
Net benefit obligation at the beginning of the year	$	235,097	$	241,117
Service cost		606		617
Interest cost		7,529		7,091
Actuarial (gain) loss		(9,449)		(10,082)
Gross benefits paid		(8,034)		(7,549)
Foreign currency exchange rate changes		(3,417)		3,903
Net benefit obligation at the end of the year		222,332		235,097
Change in plan assets:
Fair value of plan assets at the beginning of the year		209,722		194,253
Actual return on plan assets		11,998		14,915
Employer contributions		5,117		5,354
Gross benefits paid		(8,034)		(7,549)
PBGC Premium paid		(286)		(348)
Administrative expenses		(698)		(547)
Foreign currency exchange rate changes		(3,289)		3,644
Fair value of plan assets at the end of the year		214,530		209,722
Unfunded status of the plans		(7,802)		(25,375)
Unrecognized net actuarial loss		48,081		58,572
Net amount recognized	$	40,279	$	33,197
Amounts recognized in Accumulated OCI
Liability adjustment to OCI	$	(48,081)	$	(58,572)
Deferred tax asset		7,365		15,033
Valuation allowance on deferred tax asset		610		(2,107)
Accumulated other comprehensive loss	$	(40,106)	$	(45,646)

Components of net periodic pension cost (benefit)

The components of net periodic pension cost (benefit) were as follows (in thousands):

	September 30,
	2018		2017		2016
Service cost	$	606	$	617	$	595
Interest cost		7,529		7,091		8,972
Expected return on plan assets		(14,120)		(12,928)		(13,182)
Amortization of actuarial loss		2,777		3,700		1,869
Settlement loss		—		—		2,671
Administrative expenses		438		474		177
Net pension cost (benefit)	$	(2,770)	$	(1,046)	$	1,102

Schedule of weighted-average assumptions used to determine benefit obligation and net periodic benefit cost

Years ended September 30,	2018	2017	2016
Weighted-average assumptions used to determine benefit obligation at September 30:
Discount rate	3.6%	3.3%	3.0%
Rate of compensation increase	3.3%	3.2%	3.1%
Weighted-average assumptions used to determine net periodic benefit cost for the years ended September 30:
Discount rate	3.3%	3.0%	4.1%
Expected return on plan assets	6.8%	6.8%	6.8%
Rate of compensation increase	3.2%	3.1%	3.1%

Schedule of target ranges for each major category of the plans' assets

The target ranges for each major category of the plans’ assets at September 30, 2018 are as follows:

	Allocation
Asset Category	Range
Equity securities	20% to 55%
Debt securities	25% to 75%
Cash	0% to 55%
Real estate	0% to 10%

Schedule of fair value of the assets of defined benefit pension plans by asset category and their level within the fair value hierarchy

The fair value of the underlying investments comprised of real estate properties is determined through an appraisal process which uses valuation methodologies including comparisons to similar real estate and discounting of income streams.

	September 30, 2018								September 30, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Plan assets held at fair value:
Cash equivalents	$	19,314	$	—	$	—	$	19,314	$	2,665	$	—	$	—	$	2,665
Plan assets held at net asset value practical expedient*:
Equity Funds								107,424								101,433
Fixed Income Funds								73,533								84,188
Diversified Growth Funds								14,259								16,646
Real Estate Funds								—								4,790
Total assets held at net asset value practical expedient:							$	195,216							$	207,057
Total Plan Assets							$	214,530							$	209,722

* Plan assets measured at fair value using NAV (or its equivalent) as a practical expedient have not been categorized in the fair value hierarchy.

Schedule of expected pension benefit payments, which reflect expected future service

We expect to pay the following pension benefit payments, which reflect expected future service, as appropriate, (in thousands):

2019	$	9,033
2020		9,261
2021		9,577
2022		9,622
2023		9,638
2024-2028		53,424