Pensions and Other Postretirement Benefits

3 Months Ended

Sep. 30, 2016

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Pensions and Other Postretirement Benefits

7. Pensions and Other Postretirement Benefits

Defined Contribution Plans

We maintain a retirement savings plan available to U.S. employees that qualifies as a defined contribution plan under Section 401(k) of the Internal Revenue Code. We match 50% of the first 5% of the participants’ compensation invested by the employee in the 401(k) plan. We made matching contributions of $133 and $124 during the three months ended September 30, 2016 and 2015, respectively.

 

We also maintain a defined contribution plan (the “Stakeholder Plan”) for our U.K. based employees. The Stakeholder Plan provides for discretionary matching contributions of between 4% and 7% of the employee’s salary. We contributed $13 and $14 to the Stakeholder Plan for the three months ended September 30, 2016 and 2015, respectively.

 

Defined Benefit Plans

The following table provides the components of net periodic pension cost of our German defined benefit pension plans recognized in earnings for the three months ended September 30, 2016 and 2015:

	Three Months Ended September 30,
	2016		2015
Net Periodic Benefit Cost
Interest cost	$	13	$	24
Expected return on plan assets		(4)		(5)
Recognized actuarial loss		20		12
Net periodic benefit cost	$	29	$	31

We contributed $4 to our German defined benefit pension plans for each of the three months ended September 30, 2016 and 2015, respectively. We expect to make additional, similar, quarterly contributions during the remaining quarters of our fiscal year 2017.