DEFINED BENEFIT PENSION EXPENSE

6 Months Ended

Mar. 31, 2012

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 13 – DEFINED BENEFIT PENSION EXPENSE

Defined benefit pension expense was as follows:

	Three Months Ended March 31,						Six Months Ended March 31,
	2012			2011			2012			2011
Service cost	$	51		$	88		$	123		$	174
Interest cost		2,666			2,792			5,568			5,578
Expected return on plan assets		(2,930	)		(2,843	)		(5,732	)		(5,681	)
Amortization:
Prior service cost		84			84			168			168
Recognized actuarial loss		718			571			1,293			1,142
Net periodic expense	$	589		$	692		$	1,420		$	1,381

Effective January 1, 2012, the Clopay Pension Plan merged with the Ames True Temper Inc. Pension Plan. The merged Pension Plan was renamed the Clopay Ames True Temper Plan.