Annual report pursuant to Section 13 and 15(d)

Employee Benefits Plans (Tables)

v3.22.2.2
Employee Benefits Plans (Tables)
12 Months Ended
Sep. 30, 2022
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,

 

 

 

2020

 

 

2019

 

Service cost

 

$

 

 

$

 

Interest cost

 

 

195

 

 

 

171

 

MSP termination adjustments

 

 

 

 

 

985

 

Recognized actuarial gain adjustment

 

 

12

 

 

 

13

 

Total

 

$

207

 

 

$

1,169

 

Summary of roll-forward of MSP benefit obligation

The following provides a roll-forward of the MSP benefit obligation for the fiscal year ended September 30, 2020, the year in which all termination benefits were paid:

 

(in thousands)

 

September 30,

 

 

 

2020

 

Change in projected benefit obligation:

 

 

 

Benefit obligation at beginning of year

 

$

5,226

 

Interest cost

 

 

195

 

Benefits paid

 

 

(258

)

MSP termination benefits payment

 

 

(5,175

)

Recognized actuarial gain adjustment

 

 

12

 

Benefit obligation at end of year

 

$

 

Funded status at end of year

 

$