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Benefit Plans
9 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
BENEFIT PLANS
BENEFIT PLANS
We sponsor several defined benefit pension plans. Additionally, we provide varying levels of postretirement health care and life insurance benefits to some U.S. employees.
The table below summarizes the components of net periodic pension (income):
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
(in thousands)
2016
 
2015
 
2016
 
2015
Service cost
$
1,154

 
$
1,349

 
$
3,473

 
$
4,148

Interest cost
9,375

 
9,575

 
28,299

 
29,256

Expected return on plan assets
(14,560
)
 
(14,797
)
 
(43,924
)
 
(44,744
)
Amortization of transition obligation
19

 
18

 
61

 
58

Amortization of prior service credit
(104
)
 
(72
)
 
(313
)
 
(213
)
Recognition of actuarial losses
1,805

 
871

 
5,452

 
2,809

Curtailment loss

 

 

 
358

Special termination benefit charge

 

 
214

 
459

Net periodic pension (income)
$
(2,311
)
 
$
(3,056
)
 
$
(6,738
)
 
$
(7,869
)


The special termination benefit charge of $0.2 million during the nine months ended March 31, 2016 is the result of lump sum payments to several terminated Executive Retirement Plan participants.
During the three months ended March 31, 2015 we recognized a special termination benefit charge of $0.5 million and a curtailment loss of $0.4 million for one of our U.S.-based defined benefit pension plans resulting from a plant closure. The special termination benefit charge was recognized in restructuring expense.

The table below summarizes the components of net periodic other postretirement benefit cost:
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
(in thousands)
2016
 
2015
 
2016
 
2015
Service cost
$

 
$
27

 
$

 
$
81

Interest cost
210

 
259

 
630

 
778

Amortization of prior service credit
(6
)
 
(28
)
 
(16
)
 
(83
)
Recognition of actuarial loss
81

 
207

 
242

 
621

Curtailment gain

 

 

 
(221
)
Net periodic other postretirement benefit cost
$
285

 
$
465

 
$
856

 
$
1,176



The curtailment gain of $0.2 million recognized during the nine months ended March 31, 2015 was a result of the plant closure discussed above.