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Postretirement Benefits (Postretirement Benefits [Member]) | 12 Months Ended
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Jun. 30, 2014
Postretirement Benefits [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Pension And Postretirement Benefits | Postretirement Benefits Postretirement Medical and Life Insurance Benefit Plans We and certain of our operating subsidiaries provide multiple postretirement medical and life insurance benefit plans. We recognize the cost of benefits as the employees render service. Postretirement benefits are funded as incurred. At the end of the year, we discount our plan liabilities using an assumed discount rate. In estimating this rate, we, along with our third-party actuaries, review the projected timing of future benefit payments, bond indices, consider yield curve analysis results and the past history of discount rates. The actuarial present value of benefit obligations summarized below was based on the following assumption:
| 2014 |  | 2013
Weighted-average assumption as of June 30 |  |  |
Discount rate | 4.02 | % |  | 4.57 | %
The net periodic benefit costs were determined utilizing the following beginning-of-the-year assumptions:
| 2014 |  | 2013 |  | 2012
Discount rate | 4.57 | % |  | 3.78 | % |  | 5.29 | %
Health care cost trend rate - pre-Medicare eligible claims | 8.00 | % |  | 10.00 | % |  | 10.00 | %
Health care cost trend rate - Medicare eligible claims | 7.00 | % |  | 7.00 | % |  | 10.00 | %
Relevant information with respect to our postretirement medical and life insurance benefits as of June 30 can be summarized as follows:
| 2014 |  | 2013
Change in benefit obligation |  |  |
Benefit obligation at beginning of year | $ | 2,934 |  |  | $ | 3,054 |
Service cost | 31 |  |  | 31 |
Interest cost | 130 |  |  | 113 |
Actuarial gain | (31 | ) |  | (162 | )
Curtailment gain | (161 | ) |  | — |
Plan participant contributions | 53 |  |  | 55 |
Benefits paid | (177 | ) |  | (157 | )
Benefit obligation at end of year | $ | 2,779 |  |  | $ | 2,934 |
| 2014 |  | 2013
Change in plan assets |  |  |
Employer contributions | $ | 124 |  |  | $ | 102 |
Plan participant contributions | 53 |  |  | 55 |
Benefits paid | (177 | ) |  | (157 | )
Fair value of plan assets at end of year | $ | — |  |  | $ | — |
| 2014 |  | 2013
Reconciliation of funded status |  |  |
Net accrued benefit cost | $ | (2,779 | ) |  | $ | (2,934 | )
| 2014 |  | 2013
Amounts recognized in the consolidated balance sheets consist of |  |  |
Current accrued benefit liability | $ | (171 | ) |  | $ | (187 | )
Noncurrent accrued benefit liability | $ | (2,608 | ) |  | $ | (2,747 | )
| 2014 |  | 2013
Accumulated benefit obligation | $ | 2,779 |  |  | $ | 2,934 |
Amounts recognized in accumulated other comprehensive loss at June 30 were as follows:
| 2014 |  | 2013
Net actuarial gain | $ | (788 | ) |  | $ | (784 | )
Prior service benefit | (13 | ) |  | (18 | )
Income taxes | 296 |  |  | 296 |
Total | $ | (505 | ) |  | $ | (506 | )
Amounts in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost during the next fiscal year are as follows:
| 2015
Prior service asset amortization | $ | (5 | )
Unrecognized gain amortization | (28 | )
Total | $ | (33 | )
The following table summarizes the components of net periodic benefit (income) cost at June 30:
| 2014 |  | 2013 |  | 2012
Components of net periodic benefit (income) cost |  |  |  |  |
Service cost | $ | 31 |  |  | $ | 31 |  |  | $ | 25 |
Interest cost | 130 |  |  | 113 |  |  | 147 |
Curtailment benefit | (161 | ) |  | — |  |  | — |
Amortization of unrecognized net gain | (27 | ) |  | (22 | ) |  | (31 | )
Amortization of prior service asset | (5 | ) |  | (5 | ) |  | (5 | )
Net periodic benefit (income) cost | $ | (32 | ) |  | $ | 117 |  |  | $ | 136 |
The above noted net periodic benefit (income) cost includes income of approximately $0.1 million for 2014, and immaterial amounts for 2013 and 2012, that are presented in discontinued operations because those amounts relate to sold operations. In 2014, our plans experienced a curtailment due to a significant reduction in future service as a result of the sale of our candle manufacturing and marketing operations. We expect to contribute approximately $0.2 million to our postretirement benefit plans in 2015. Benefit payments estimated for future years are as follows:
2015 | $ | 171 |
2016 | $ | 174 |
2017 | $ | 168 |
2018 | $ | 172 |
2019 | $ | 176 |
2020 - 2024 | $ | 866 |
The following table summarizes the health care costs trend assumptions for other postretirement benefit measurement purposes:
| 2014 |  | 2013
Pre-Medicare eligible claims: |  |  |
Health care cost trend rate assumed for next fiscal year | 7.5 | % |  | 8 | %
Ultimate health care cost trend rate | 5 | % |  | 5 | %
Year that rate reaches ultimate trend rate | 2021 |  |  | 2021 |
Medicare eligible claims: |  |  |
Health care cost trend rate assumed for next fiscal year | 6.75 | % |  | 7 | %
Ultimate health care cost trend rate | 5 | % |  | 5 | %
Year that rate reaches ultimate trend rate | 2021 |  |  | 2021 |
Assumed health care cost rates can have a significant effect on the amounts reported for the health care plans. A one-percentage-point change in assumed health care cost trend rates would have the following effect:
| 1-Percentage-Point Increase |  | 1-Percentage-Point Decrease
Effect on total of service and interest cost components | $ | 7 |  |  | $ | (6 | )
Effect on postretirement benefit obligation as of June 30, 2014 | $ | 178 |  |  | $ | (157 | )

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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