Year ended June 30, | |||||||
(In thousands) | 2013 | 2012 | |||||
Change in projected benefit obligation | |||||||
Projected benefit obligation as of the beginning of the fiscal year | $ | 65,426 | $ | 56,810 | |||
Service cost | 3,399 | 3,355 | |||||
Interest cost | 1,320 | 1,406 | |||||
Contributions by plan participants | 85 | 132 | |||||
Adjustment | (1,878 | ) | 148 | ||||
Actuarial loss | 8,792 | 6,582 | |||||
Benefit payments | (767 | ) | (789 | ) | |||
Foreign currency exchange rate changes | (5,101 | ) | (2,218 | ) | |||
Projected benefit obligation as of the end of the fiscal year | $ | 71,276 | $ | 65,426 | |||
Year ended June 30, | |||||||
(In thousands) | 2013 | 2012 | |||||
Change in fair value of plan assets | |||||||
Fair value of plan assets as of the beginning of the fiscal year | $ | 11,709 | $ | 11,035 | |||
Actual return on plan assets | 202 | 68 | |||||
Employer contributions | 2,083 | 1,926 | |||||
Benefit and expense payments | (767 | ) | (541 | ) | |||
Foreign currency exchange rate changes | 90 | (779 | ) | ||||
Fair value of plan assets as of the end of the fiscal year | $ | 13,317 | $ | 11,709 |
As of June 30, | |||||||
(In thousands) | 2013 | 2012 | |||||
Funded status | |||||||
Ending funded status | $ | (57,959 | ) | $ | (53,717 | ) | |
Net amount recognized | $ | (57,959 | ) | $ | (53,717 | ) | |
As of June 30, | |||||||
(In thousands) | 2013 | 2012 | |||||
Plans with accumulated benefit obligations in excess of plan assets | |||||||
Accumulated benefit obligation | $ | 45,181 | $ | 44,733 | |||
Projected benefit obligation | $ | 71,276 | $ | 65,426 | |||
Plan assets at fair value | $ | 13,317 | $ | 11,709 |