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SEC Filings

10-Q
LIQUIDITY SERVICES INC filed this Form 10-Q on 02/07/2014
Entire Document
 

Table of Contents

 

Liquidity Services, Inc. and Subsidiaries
Notes to the Unaudited Consolidated Financial Statements — (Continued)

 

11.                               Defined Benefit Pension Plan

 

Certain employees of GoIndustry, which the Company acquired in July 2012, are covered by a qualified defined benefit pension plan.

 

The net periodic benefit cost recognized for the three months ended December 31, 2013 and 2012, included the following components:

 

Qualified Defined Benefit Pension Plan

 

Three months ended December 31,

 

(in thousands)

 

2013

 

2012

 

Service cost

 

 

 

Interest cost

 

$

280

 

$

273

 

Expected return on plan assets

 

(322

)

(267

)

Amortization of prior service cost

 

 

 

Amortization of actuarial (gain)/loss

 

 

 

Amortization of transitional obligation/(asset)

 

 

 

 

 

 

 

 

 

Total net periodic benefit cost

 

$

(42

)

$

6

 

 

16