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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Schedule of Data Related to Foreign Defined Benefit Pension Plans
Summary data relating to our foreign defined benefit pension plans, including key weighted-average assumptions used, is provided in the following tables:
 Year Ended June 30,
(In thousands)20242023
Change in projected benefit obligation:
Projected benefit obligation as of the beginning of the fiscal year$113,136 $124,585 
Service cost4,494 3,807 
Interest cost2,177 1,689 
Contributions by plan participants65 70 
Actuarial gain(2,341)(7,686)
Benefit payments(4,752)(4,837)
Plan amendment impact— 191 
Settlements impact(1,433)(931)
Foreign currency exchange rate changes and other, net(6,101)(3,752)
Projected benefit obligation as of the end of the fiscal year$105,245 $113,136 
 Year Ended June 30,
(In thousands)20242023
Change in fair value of plan assets:
Fair value of plan assets as of the beginning of the fiscal year$45,930 $43,593 
Employer contributions9,514 8,396 
Foreign currency exchange rate changes and other, net(1,863)(827)
Settlements impact(1,433)(931)
Actual return on plan assets1,542 (1,064)
Benefit and expense payments(3,295)(3,237)
Fair value of plan assets as of the end of the fiscal year$50,395 $45,930 
As of June 30,
(In thousands)20242023
Underfunded status$54,850 $67,206 
 As of June 30,
(In thousands)20242023
Plans with accumulated benefit obligations in excess of plan assets:
Accumulated benefit obligation$67,349 $65,992 
Projected benefit obligation$105,245 $108,084 
Plan assets at fair value$50,395 $40,648 
Schedule of Weighted-Average Assumptions Used in Determining Benefit Obligation and Net Periodic Cost
 Year Ended June 30,
 202420232022
Weighted-average assumptions(1):
Discount rate
1.5% - 3.9%
0.9% - 3.0%
0.9% - 3.0%
Expected rate of return on assets
1.5% - 3.9%
0.9% - 2.6%
0.9% - 3.0%
Rate of compensation increases
3.0% - 5.0%
3.0% - 5.0%
2.3% - 5.0%
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(1)Represents the weighted-average assumptions used to determine the benefit obligation.
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
The following table presents losses recognized in AOCI before tax related to our foreign defined benefit pension plans: 
 As of June 30,
(In thousands)20242023
Unrecognized prior service cost$10,360 $10,733 
Unrealized net loss9,662 12,932 
Amount of losses recognized $20,022 $23,665 
Schedule of Net Periodic Cost
The components of our net periodic cost relating to our foreign subsidiaries’ defined benefit pension plans are as follows:
 Year Ended June 30,
(In thousands)202420232022
Components of net periodic pension cost:
Service cost(1)
$4,494 $3,807 $5,054 
Interest cost2,177 1,678 1,003 
Return on plan assets(961)(426)(528)
Amortization of prior service cost853 873 671 
Amortization of net loss221 698 1,406 
Loss due to settlement/curtailment68 85 38 
Foreign currency exchange rate changes— — (19)
Net periodic pension cost$6,852 $6,715 $7,625 
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(1)Service cost is reported in Cost of revenues, R&D and SG&A expenses. All other components of net periodic pension cost are reported in Other expense (income), net in the Consolidated Statements of Operations.
Schedule of Foreign Plan Assets Measured at Fair Value on Recurring Basis
Foreign plan assets measured at fair value on a recurring basis consisted of the following investment categories as of June 30, 2024 and 2023, respectively:
As of June 30, 2024 (In thousands)TotalQuoted Prices in
Active Markets
for Identical
Assets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Cash and cash equivalents$35,811 $35,811 $— 
Bonds, equity securities and other investments14,584 — 14,584 
Total assets measured at fair value$50,395 $35,811 $14,584 
As of June 30, 2023 (In thousands)TotalQuoted Prices in
Active Markets
for Identical
Assets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Cash and cash equivalents$32,114 $32,114 $— 
Bonds, equity securities and other investments13,816 — 13,816 
Total assets measured at fair value$45,930 $32,114 $13,816