Pension and Retirement Plans

3 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

The Company has defined benefit and defined contribution plans in the United Kingdom, Germany and the U.S. In the United Kingdom and Germany, the Company provides defined benefit pension plans and defined contribution plans for the majority of its employees. In the U.S., the Company provides benefits through supplemental retirement plans to certain current and former employees. The domestic supplemental retirement plans have life insurance policies which are not plan assets but were purchased by the Company as a vehicle to fund the costs of the plan. Domestically, the Company also provides for officer death benefits through post-retirement plans to certain officers. All of the Company’s defined benefit plans are closed to newly hired employees and have been for the two years ended September 30, 2016 and 2015 and for the three months ended December 31, 2016.

The Company funds its pension plans in amounts sufficient to meet the requirements set forth in applicable employee benefits laws and local tax laws. Liabilities for amounts in excess of these funding levels are accrued and reported in the consolidated balance sheets.

The Company's pension plan in the United Kingdom is the only plan with plan assets. The plan assets consist of an investment in a commingled fund which in turn comprises a diversified mix of assets including corporate equity securities, government securities and corporate debt securities.

The components of net periodic benefit costs related to the U.S. and international plans are as follows:



	For the Three Months Ended December 31,
	2016									2015
	Foreign			U.S.			Total			Foreign			U.S.			Total
	(Amounts in thousands)
Pension:
Service cost	$	10		$	—		$	10		$	9		$	—		$	9
Interest cost	93			11			104			151			11			162
Expected return on plan assets	(65		)	—			(65		)	(97		)	—			(97		)
Amortization of:
Prior service gain	—			—			—			—			—			—
Amortization of net gain	91			(1		)	90			45			(1		)	44
Net periodic benefit cost	$	129		$	10		$	139		$	108		$	10		$	118

Post Retirement:
Service cost	$	—		$	10		$	10		$	—		$	7		$	7
Interest cost	—			10			10			—			11			11
Amortization of net gain (loss)	—			4			4			—			(21		)	(21		)
Net periodic cost (benefit)	$	—		$	24		$	24		$	—		$	(3	)	$	(3	)

The fair value of the assets held by the U.K. pension plan by asset category are as follows:



	Fair Values as of
	December 31, 2016								September 30, 2016
	Fair Value Measurements Using Inputs Considered as								Fair Value Measurements Using Inputs Considered as
Asset Category	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(Amounts in thousands)
Cash on deposit	$	76	$	76	$	—	$	—	$	86	$	86	$	—	$	—
Pooled funds	7,087		—		7,087		—		7,543		—		7,543		—
Total plan assets	$	7,163	$	76	$	7,087	$	—	$	7,629	$	86	$	7,543	$	—