Employee Benefit Plans

3 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The Company has two active defined benefit pension plans (collectively, the “Plans”). The Plans cover substantially all of the Company’s employees in Switzerland and Taiwan. Retirement benefits are generally earned based on years of service and compensation during active employment; however, the level of benefits varies within the Plans. Eligibility is determined in accordance with local statutory requirements.

In connection with actions taken under the Company’s restructuring programs in the first quarter of fiscal 2013, the number of employees accumulating benefits under the Switzerland Plan declined significantly. As a result, a partial settlement event occurred and resulted in accelerated amortization of approximately $0.1 million of prior pension losses. The settlement loss, recorded in the quarter ended December 31, 2012, is included in restructuring and other charges in the Consolidated Statements of Operations.

The components of the Company’s net pension cost for the three months ended December 31, 2013 and 2012 is as follows (in thousands): 

	Three months ended December 31,
	2013			2012
Service cost	$	100		$	178
Interest cost	39			45
Amortization of losses	1			2
Expected return on assets	(53		)	(77		)
Net periodic pension cost	87			148
Settlement loss	—			87
Total pension cost	$	87		$	235