Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v3.5.0.2
Pension and Other Postretirement Benefit Plans
 9 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefit Plans
Pension and Other Postretirement Benefit Plans

The Company provides defined benefit pension and other postretirement plans to certain employees. Net periodic pension and other postretirement benefit cost for the plans included the following:
 
Three months ended June 30,
 
Pension
 
Other Postretirement
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Service cost
$
1,813

 
$
1,655

 
$
101

 
$
114

Interest cost
2,406

 
2,145

 
211

 
221

Expected return on plan assets
(2,407
)
 
(2,470
)
 
—

 
—

Amortization:
 

 
 

 
 

 
 

Prior service cost
(46
)
 
(45
)
 
(49
)
 
(49
)
Net actuarial loss
1,866

 
1,564

 
—

 
—

 
 
 
 
 
 
 
 
Net benefit cost
$
3,632

 
$
2,849

 
$
263

 
$
286


 
Nine months ended June 30,
 
Pension
 
Other Postretirement
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Service cost
$
5,439

 
$
4,965

 
$
303

 
$
342

Interest cost
7,218

 
6,435

 
633

 
663

Expected return on plan assets
(7,221
)
 
(7,410
)
 
—

 
—

Amortization:
 

 
 

 
 

 
 

Prior service cost
(138
)
 
(135
)
 
(147
)
 
(147
)
Net actuarial loss
5,598

 
4,692

 
—

 
—

 
 
 
 
 
 
 
 
Net benefit cost
$
10,896

 
$
8,547

 
$
789

 
$
858



Benefit payments under the Company's principal retirement plan are made from plan assets, while benefit payments under the postretirement benefit plan are made from the Company's operating funds.  Under IRS regulations, the Company is not required to make any significant contributions to its principal retirement plan in fiscal year 2016.

Contributions made and anticipated for fiscal year 2016 are as follows:
Contributions
 
Pension
 
Other Postretirement
 
 
 
 
 
Contributions during the nine months ended June 30, 2016:
 
 
 
 
Supplemental retirement plan
 
$
543

 
$
—

Other postretirement plan
 
—

 
1,018

 
 
 
 
 
Additional contributions expected in fiscal 2016:
 
 

 
 

Supplemental retirement plan
 
$
206

 
$
—

Other postretirement plan
 
—

 
252