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Defined Benefit Pension and Other Postretirement Benefit Plans
 3 Months Ended
Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Defined Benefit Pension and Other Postretirement Benefit Plans
Defined Benefit Pension and Other Postretirement Benefit Plans
 
The Company sponsors six defined benefit pension plans in Europe, one plan in Singapore and two plans in Mexico.  In addition, the Company sponsors a post-retirement plan in the United States.  Costs recognized for benefit plans are recorded using estimated amounts which may change as actual costs for the fiscal year are determined.

The components of net periodic benefit (income) costs relating to the Company’s pension and other postretirement benefit plans are as follows for the quarters ended June 30, 2014 and 2013 (amounts in thousands):
 
Pension
 
Post-retirement Benefit Plan
 
Quarters Ended June 30,
 
Quarters Ended June 30,
 
2014
 
2013
 
2014
 
2013
Net service cost
$
338

 
$
331

 
$
—

 
$
—

Interest cost
478

 
428

 
6

 
5

Expected return on net assets
(124
)
 
(109
)
 
—

 
—

Amortization:
 

 
 

 
 

 
 

Actuarial (gain) loss
74

 
78

 
(52
)
 
(70
)
Prior service cost
4

 
1

 
—

 
—

Total net periodic benefit (income) costs
$
770

 
$
729

 
$
(46
)
 
$
(65
)
 
In fiscal year 2015, the Company expects to contribute up to $1.6 million to the pension plans, $0.3 million of which has been contributed as of June 30, 2014.  For the postretirement benefit plan, the Company’s policy is to pay benefits as costs are incurred.