XML 55 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Post-Retirement Benefits
3 Months Ended
Sep. 30, 2016
Compensation And Retirement Disclosure [Abstract]  
Post-Retirement Benefits

Note 15.

Post-Retirement Benefits

The Company has a pension plan (the “Swiss Plan”) covering employees of the Zurich, Switzerland subsidiary. Net periodic pension costs associated with the Swiss Plan included the following ($000):

 

 

 

Three Months Ended

 

 

 

September 30,

 

 

 

2016

 

 

2015

 

Service cost

 

$

897

 

 

$

683

 

Interest cost

 

 

40

 

 

 

111

 

Expected return on plan assets

 

 

(181

)

 

 

(280

)

Net amortization

 

 

(164

)

 

 

46

 

Net periodic pension costs

 

$

592

 

 

$

560

 

 

The Company contributed $0.9 million and $0.5 million to the Swiss Plan during the three months ended September 30, 2016 and 2015, respectively. The Company currently anticipates contributing an additional estimated amount of approximately $2.7 million to the Swiss Plan during the remainder of fiscal year 2017.