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Disclosures About Defined Pension Benefit Obligations
6 Months Ended
Mar. 31, 2017
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]  
Disclosures About Defined Pension Benefit Obligations

Disclosures About Defined Pension Benefit Obligations

The following table presents the components of net periodic benefit cost recognized in earnings during each of the three and six months ended March 31, 2017 and April 1, 2016 (in thousands):

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

March 31, 2017

 

 

April 1, 2016

 

 

March 31, 2017

 

 

April 1, 2016

 

Component:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,184

 

 

$

8,504

 

 

$

4,400

 

 

$

17,180

 

Interest cost

 

 

8,699

 

 

 

15,207

 

 

 

17,427

 

 

 

30,909

 

Expected return on plan assets

 

 

(15,527

)

 

 

(18,926

)

 

 

(31,115

)

 

 

(38,433

)

Amortization of previously unrecognized items

 

 

3,530

 

 

 

5,579

 

 

 

7,086

 

 

 

11,312

 

Settlement (gain) loss

 

 

41

 

 

 

(169

)

 

 

84

 

 

 

(332

)

Net periodic benefit cost

 

$

(1,073

)

 

$

10,195

 

 

$

(2,118

)

 

$

20,636

 

 

The decrease in periodic benefit costs for the three and six months ended March 31, 2017 as compared to the corresponding period last year was primarily due to the curtailment of our U.K. plans and the de-recognition of the U.S. pension plan for participating employees who were assigned to, and worked exclusively on, a specific operating contract with the U.S. federal government.  While these costs were fully reimbursed by the U.S. federal government pursuant to applicable cost accounting standards, net periodic pension costs of $1.1 million are included in our net periodic benefit costs table for the period ended March 31, 2017.

The following table presents certain information regarding the Company’s cash contributions to our pension plans for fiscal 2017 (in thousands):

 

Cash contributions made during the first six months of

   fiscal 2017

 

$

9,070

 

Cash contributions we expect to make during the remainder

   of fiscal 2017

 

 

10,122

 

Total

 

$

19,192