Postretirement and Other Employee Benefits

9 Months Ended

May 31, 2013

Compensation And Retirement Disclosure [Abstract]

Postretirement and Other Employee Benefits

8. Postretirement and Other Employee Benefits

The Company sponsors defined benefit pension plans in several countries in which it operates. The pension obligations relate primarily to the following: (a) a funded retirement plan in the United Kingdom and (b) both funded and unfunded retirement plans mainly in Austria, Canada, France, Germany, Japan, The Netherlands, Poland, and Taiwan and which provide benefits based upon years of service and compensation at retirement.

The following table provides information about net periodic benefit cost for the pension plans during the three months and nine months ended May 31, 2013 and 2012 (in thousands):

	Three months ended						Nine months ended
	May 31, 2013			May 31, 2012			May 31, 2013			May 31, 2012
Service cost	$	492		$	370		$	1,518		$	1,060
Interest cost		1,848			1,986			5,686			5,609
Expected long-term return on plan assets		(1,667	)		(1,650	)		(5,136	)		(4,524	)
Amortization of prior service cost		(6	)		(7	)		(19	)		(21	)
Recognized actuarial loss		670			308			2,037			913
Net periodic benefit cost	$	1,337		$	1,007		$	4,086		$	3,037

During the nine months ended May 31, 2013, the Company made contributions of approximately $3.3 million to its defined benefit pension plans. The Company expects to make total cash contributions of between $4.6 million and $5.4 million to its funded pension plans during fiscal year 2013.