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Benefit Plans
3 Months Ended
Sep. 30, 2017
Retirement Benefits [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 September 30,
(in thousands)
2017
 
2016
Service cost
$
404

 
$
733

Interest cost
7,657

 
7,809

Expected return on plan assets
(14,090
)
 
(14,757
)
Amortization of transition obligation
23

 
23

Amortization of prior service cost (credit)
173

 
(113
)
Recognition of actuarial losses
1,710

 
2,112

Net periodic pension (income) cost
$
(4,123
)
 
$
(4,193
)

The table below summarizes the components of net periodic other postretirement benefit cost:
 
Three Months Ended September 30,
(in thousands)
2017
 
2016
Interest cost
$
157

 
$
168

Amortization of prior service credit
(6
)
 
(6
)
Recognition of actuarial loss
70

 
89

Net periodic other postretirement benefit cost
$
221

 
$
251