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PENSION PLANS AND OTHER POST RETIREMENT BENEFITS (Tables)

12 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plan and Long-Term Employee Benefit Obligations

The following tables provides the details of the funded status of our defined benefit pension and other post-retirement plans:

			As of June 30, 2024						As of June 30, 2023
Plan assets			$	217,324					$	208,363
Projected benefit obligations			(349,427)						(339,179)
Funded status			$	(132,103)					$	(130,816)

The following tables provides details of the net benefit obligations of our defined benefit pension and other post-retirement plans:

			As of June 30, 2024						As of June 30, 2023
Current portion of benefit obligation(1)			$	4,848					$	4,504
Non-current portion of benefit obligation			127,255						126,312
Total			$	132,103					$	130,816

______________________

(1) The current portion of the benefit obligation has been included within “Accrued salaries, incentives and commissions,” all within Accounts payable and accrued liabilities in the Consolidated Balance Sheets (see Note 10 “Accounts Payable and Accrued Liabilities” for more details).

Schedule of Changes in Benefit Obligation of Defined Benefit Plan

The following tables provides the details of the change in the benefit obligation and plan assets for the periods indicated: 

			As of June 30, 2024						As of June 30, 2023
Benefit obligation—beginning of fiscal year			$	339,179					$	115,591
Service cost			11,073						6,921
Interest cost			12,345						7,091
Benefits paid			(3,204)						(3,293)
Company contributions			(3,849)						20
Employee contributions			2,007						1,393
Plan settlement			(7,089)						(2,789)
Plan amendment			1,501						(221)
Net transfers			(228)						205,556
Actuarial (gain) loss			3,412						6,199
Foreign exchange (gain) loss			(5,720)						2,711
Benefit obligation—end of period			349,427						339,179
Less: Current portion			4,848						4,504
Non-current portion of benefit obligation			$	344,579					$	334,675

			As of June 30, 2024						As of June 30, 2023
Plan assets—beginning of fiscal year			$	208,363					$	52,111
Benefit payments from plan assets			(2,520)						(325)
Expected return on plan assets			11,400						5,502
Return on plan assets			3,973						(3,174)
Company contributions			3,454						3,522
Employee contributions			2,007						1,515
Net transfers			—						150,058
Plan settlement			(7,089)						(2,789)
Foreign exchange (gain) loss			(2,264)						1,943
Plan assets—end of period			$	217,324					$	208,363

Schedule of Components of Net Pension Expense for Pension Plan

The following table provides details of net pension expense for the periods indicated:

			Year Ended June 30,
Pension expense:			2024						2023						2022
Service cost			$	11,073					$	6,921					$	4,404
Interest cost			12,345						7,091						2,271
Expected return of plan assets			(11,400)						(5,502)						(1,299)
Amortization of actuarial (gains) losses			643						246						1,008
Settlement cost			1,220						451						—
Net pension expense			$	13,881					$	9,207					$	6,384

Schedule of Amounts Recognized in Other Comprehensive Income

The following table provides details of amounts recognized in Other Comprehensive Income:

			Year Ended June 30,
			2024						2023						2022
Net actuarial gain (loss)			$	1,598					$	(9,017)					$	7,461
Amortization of actuarial loss (gain)			643						246						1,008
Settlement cost and plan amendments			(193)						673						—
Total recognized in other comprehensive income			$	2,048					$	(8,098)					$	8,469

Schedule of Defined Benefit Plans Disclosures

The following table provides details of the plan assets measured at fair value presented by asset category and fair value hierarchy for the periods indicated:

			As of June 30, 2024																								As of June 30, 2023
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Cash			$	2,444					$	—					$	—					$	2,444					$	2,924					$	—					$	—					$	2,924
Debt funds			82,264						9,301						—						91,565						73,053						14,765						—						87,818
Equity funds			79,538						6,122						—						85,660						66,975						5,745						—						72,720
Real estate funds			4,438						70						4,771						9,279						235						72						6,420						6,727
Other			22,002						4,487						1,887						28,376						9,497						26,625						2,052						38,174
Total			$	190,686					$	19,980					$	6,658					$	217,324					$	152,684					$	47,207					$	8,472					$	208,363

In determining the fair value of the defined benefit obligations as of June 30, 2024 and 2023, we used the following weighted-average key assumptions:

			Year Ended June 30,
			2024						2023
Assumptions:
Salary increases			3.0		%				2.9		%
Pension increases			2.1		%				2.1		%
Discount rate			3.8		%				3.9		%
Expected return on plan assets			5.5		%				5.8		%
Normal retirement age			64						64

Schedule of Anticipated Pension Payments Under Pension Plan

Anticipated pension payments under the defined benefit plans for the fiscal years indicated below are as follows:

			Fiscal years ending June 30,
2025			$	18,425
2026			14,087
2027			16,443
2028			18,112
2029			19,805
2030 to 2034			115,117
Total			$	201,989

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