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Post-Retirement Benefits
6 Months Ended
Dec. 31, 2014
Compensation And Retirement Disclosure [Abstract]  
Post-Retirement Benefits

Note 16.

Post-Retirement Benefits

The Company has a pension plan (the “Swiss Plan”) covering employees of the Zurich, Switzerland subsidiary. The unfunded pension liability of $6.9 million is recorded in Other liabilities in the Condensed Consolidated Balance Sheet at December 31, 2014.   Net periodic pension costs associated with the Swiss Plan included the following ($000):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Service cost

 

$

673

 

 

$

835

 

 

$

1,353

 

 

$

1,002

 

Interest cost

 

 

179

 

 

 

201

 

 

 

360

 

 

 

242

 

Expected return on plan assets

 

 

(267

)

 

 

(331

)

 

 

(537

)

 

 

(397

)

Net amortization

 

 

(148

)

 

 

-

 

 

 

(509

)

 

 

-

 

Net periodic pension costs

 

$

437

 

 

$

705

 

 

$

667

 

 

$

847

 

 

During the three and six months ended December 31, 2014, the Company contributed $0.6 million and $1.2 million to the Swiss Plan, respectively.  The Company currently anticipates contributing an additional estimated amount of approximately $1.1 million to the Swiss Plan during the remainder of fiscal year 2015.