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Pension Plans (Tables)
12 Months Ended
Sep. 30, 2013
Schedule of Available-for-sale Securities [Line Items]  
Accounting For The Pension Plans
The following table presents the actuarial assumptions used in accounting for the pension plans:
 
 
U.S. Plan
 
International Plans
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Weighted average assumptions used to determine benefit obligations at September 30 measurement date:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.80
%
 
4.90
%
 
4.00
%
 
2.4
%
 
3.3
%
 
3.4
%
Rate of increase in future compensation (1)
%
 
%
 
%
 
3.0
%
 
3.0
%
 
3.0
%
Weighted average assumptions used to determine net periodic pension cost for fiscal years ended September 30:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.90
%
 
4.00
%
 
4.50
%
 
3.3
%
 
3.4
%
 
4.8
%
Rate of increase in future compensation
%
 
%
 
%
 
3.0
%
 
3.0
%
 
3.0
%
Rate of return on plan assets
7.25
%
 
7.25
%
 
7.25
%
 
5.7
%
 
5.4
%
 
5.4
%
(1)
The rate of increase in future compensation is weighted for all plans, ongoing and frozen (with a 0% increase for frozen plans). The weighted rate of increase for ongoing non-U.S. plans was 3% at September 30, 2014 and 2013.
Components Of Net Periodic Pension Cost
The actuarially computed components of net periodic pension cost recognized in our consolidated statements of operations for each year are shown below:
 
 
U.S. Plan
 
International Plans
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
 
(in thousands)
Interest cost of projected benefit obligation
$
5,461

 
$
4,989

 
$
5,490

 
$
2,442

 
$
2,384

 
$
2,554

Service cost

 

 

 
1,659

 
2,017

 
1,882

Expected return on plan assets
(7,151
)
 
(6,128
)
 
(5,412
)
 
(2,506
)
 
(2,126
)
 
(1,929
)
Amortization of prior service cost

 

 

 
(5
)
 
(6
)
 
(7
)
Recognized actuarial loss
2,213

 
3,152

 
2,967

 
1,181

 
1,248

 
341

Net periodic pension cost
$
523

 
$
2,013

 
$
3,045

 
$
2,771

 
$
3,517

 
$
2,841

Change In Benefit Obligation And Plan Assets
The following tables display the change in benefit obligation and the change in the plan assets and funded status of the plans as well as the amounts recognized in our consolidated balance sheets:
 
 
U.S. Plan
 
International Plans
 
Total
 
Year ended September 30,
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
(in thousands)
Change in benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation—beginning of year
$
113,378

 
$
129,701

 
$
74,956

 
$
71,408

 
$
188,334

 
$
201,109

Service cost

 

 
1,659

 
2,017

 
1,659

 
2,017

Interest cost
5,461

 
4,989

 
2,442

 
2,384

 
7,903

 
7,373

Actuarial (gain) loss
20,563

 
(12,728
)
 
12,732

 
1,426

 
33,295

 
(11,302
)
Foreign exchange impact

 

 
(6,480
)
 
629

 
(6,480
)
 
629

Participant contributions

 

 
325

 
432

 
325

 
432

Benefits paid
(4,949
)
 
(8,584
)
 
(1,528
)
 
(1,732
)
 
(6,477
)
 
(10,316
)
Plan curtailments

 

 

 
(1,608
)
 

 
(1,608
)
Projected benefit obligation—end of year
$
134,453

 
$
113,378

 
$
84,106

 
$
74,956

 
$
218,559

 
$
188,334

Change in plan assets and funded status:
 
 
 
 
 
 
 
 
 
 
 
Plan assets at fair value—beginning of year
$
94,831

 
$
86,016

 
$
43,362

 
$
38,817

 
$
138,193

 
$
124,833

Actual return on plan assets
12,425

 
10,438

 
3,489

 
3,172

 
15,914

 
13,610

Employer contributions
10,552

 
6,961

 
2,353

 
3,008

 
12,905

 
9,969

Participant contributions

 

 
325

 
432

 
325

 
432

Foreign exchange impact

 

 
(3,510
)
 
(335
)
 
(3,510
)
 
(335
)
Benefits paid
(4,949
)
 
(8,584
)
 
(1,528
)
 
(1,732
)
 
(6,477
)
 
(10,316
)
Plan assets at fair value—end of year
112,859

 
94,831

 
44,491

 
43,362

 
157,350

 
138,193

Projected benefit obligation—end of year
134,453

 
113,378

 
84,106

 
74,956

 
218,559

 
188,334

Underfunded status
$
(21,594
)
 
$
(18,547
)
 
$
(39,615
)
 
$
(31,594
)
 
$
(61,209
)
 
$
(50,141
)
Accumulated benefit obligation—end of year
$
134,453

 
$
113,378

 
$
80,364

 
$
71,513

 
$
214,817

 
$
184,891

Amounts recognized in the balance sheet:
 
 
 
 
 
 
 
 
 
 
 
Non-current liability
$

 
$
(18,547
)
 
$
(39,615
)
 
$
(31,594
)
 
$
(39,615
)
 
$
(50,141
)
Current liability
$
(21,594
)
 
$

 
$

 
$

 
$
(21,594
)
 
$

Amounts in accumulated other comprehensive loss:
 
 
 
 
 
 
 
 
 
 
 
Unrecognized actuarial loss
$
68,256

 
$
55,180

 
$
27,669

 
$
19,177

 
$
95,925

 
$
74,357

Percentage Of Total Plan Assets
The following table shows the percentage of total plan assets for each major category of plan assets:
 
 
U.S. Plan
 
International Plans
 
September 30,
 
2014
 
2013
 
2014
 
2013
Asset category:
 
 
 
 
 
 
 
Equity securities
%
 
62
%
 
51
%
 
51
%
Fixed income securities
100
%
 
38
%
 
28
%
 
27
%
Insurance company
%
 
%
 
19
%
 
19
%
Cash
%
 
%
 
2
%
 
3
%
 
100
%
 
100
%
 
100
%
 
100
%
Expected Future Benefit Payments
As of September 30, 2014, benefit payments expected to be paid over the next ten years are outlined in the following table: 
 
U.S. Plan
 
International
Plans
 
Total
 
(in thousands)
Year ending September 30,
 
 
 
 
 
2015
$
134,453

 
$
2,033

 
$
136,486

2016

 
2,040

 
2,040

2017

 
2,139

 
2,139

2018

 
2,558

 
2,558

2019

 
2,837

 
2,837

2020 to 2024

 
21,557

 
21,557

U.S. Plan Assets Common Collective Trusts [Member]
 
Schedule of Available-for-sale Securities [Line Items]  
Fair Value Of Plan Assets
 
September 30, 2014
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
U.S. plan assets-common/collective trusts:
 
 
 
 
 
 
 
Cash
$

 
$
270

 
$

 
$
270

Fixed income securities:
 
 
 
 
 
 
 
U.S. Treasury, agency and other local government and non-corporate

 
25,025

 

 
25,025

Corporate investment grade

 
87,538

 

 
87,538

Corporate high yield

 
26

 

 
26

 
$

 
$
112,859

 
$

 
$
112,859

International Plan Assets [Member]
 
Schedule of Available-for-sale Securities [Line Items]  
Fair Value Of Plan Assets
 
September 30, 2014
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
International plan assets:
 
 
 
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
Government
$
4,910

 
$

 
$

 
$
4,910

Europe corporate investment grade
7,769

 

 

 
7,769

Europe large capitalization stocks
22,746

 

 

 
22,746

Insurance company funds (1)

 
8,235

 

 
8,235

Cash
831

 

 

 
831

 
$
36,256

 
$
8,235

 
$

 
$
44,491

 (1) These investments are comprised primarily of funds invested with an insurance company in Japan with a guaranteed rate of return. The insurance company invests these assets primarily in government and corporate bonds.