Annual report pursuant to Section 13 and 15(d)

Employee Benefits Plans (Tables)

v3.19.3
Employee Benefits Plans (Tables)
12 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Schedule of MSP charged to costs and expenses
The amount of MSP benefit expense charged to costs and expenses was as follows:
(in thousands)
Fiscal Year Ended September 30,
 
2019
 
2018
 
2017
Service cost
$

 
$

 
$
200

Interest cost
171

 
293

 
140

MSP termination adjustments
985

 

 

Recognized actuarial gain (loss) adjustment
13

 
16

 
(78
)
Total
$
1,169

 
$
309

 
$
262


Summary of rollforward of MSP benefit obligation
The following provides a roll-forward of the MSP benefit obligation:
(in thousands)
September 30,
 
2019
 
2018
Change in projected benefit obligation:
 

 
 

Benefit obligation at beginning of year
$
4,397

 
$
4,438

Interest cost
171

 
293

Benefits paid
(340
)
 
(350
)
MSP termination adjustments
985

 

Recognized actuarial gain adjustment
13

 
16

Benefit obligation at end of year
$
5,226

 
$
4,397

 
 
 
 
Funded status at end of year
$
(5,226
)
 
$
(4,397
)