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v3.22.2

Note 16 - Employee Benefit Plans (Tables) | 12 Months Ended
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Jun. 30, 2022
Notes Tables |
Schedule of Fair Value of Plan Assets [Table Text Block] |
|  | June 30, 2022 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash and cash equivalents |  | $ | 1,254 |  |  | $ | 1,123 |  |  | $ | 131 |  |  | $ | - |
Common and preferred stocks |  |  | 64,343 |  |  |  | 1,786 |  |  |  | 62,557 |  |  |  | - |
Corporate bonds and other fixed income securities |  |  | 112,593 |  |  |  | 1,535 |  |  |  | 111,058 |  |  |  | - |
Other |  |  | 10,648 |  |  |  | - |  |  |  | 10,648 |  |  |  | - |
|  | $ | 188,838 |  |  | $ | 4,444 |  |  | $ | 184,394 |  |  |  | - |
|  | June 30, 2021 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash and cash equivalents |  | $ | 3,209 |  |  | $ | 3,148 |  |  | $ | 61 |  |  | $ | - |
Common and preferred stocks |  |  | 86,499 |  |  |  | 2,425 |  |  |  | 84,074 |  |  |  | - |
Corporate bonds and other fixed income securities |  |  | 146,742 |  |  |  | 1,850 |  |  |  | 144,892 |  |  |  | - |
Other |  |  | 21,170 |  |  |  | - |  |  |  | 21,170 |  |  |  | - |
|  | $ | 257,620 |  |  | $ | 7,423 |  |  | $ | 250,197 |  |  |  | - |
Schedule of Allocation of Plan Assets [Table Text Block] |
|  | U.S. Plans |  |  | Foreign Plans |
|  | Year Ended June 30, |  |  | Year Ended June 30, |
Asset Category |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Equity securities |  | 33% |  |  | 36% |  |  | 6% |  |  | 5% |
Debt securities |  | 48% |  |  | 43% |  |  | 78% |  |  | 70% |
Global balanced securities |  | 11% |  |  | 12% |  |  | 15% |  |  | 24% |
Other |  | 8% |  |  | 9% |  |  | 1% |  |  | 1% |
Total |  | 100% |  |  | 100% |  |  | 100% |  |  | 100% |
Defined Benefit Plan, Assumptions [Table Text Block] |
Year Ended June 30 | 2022 | 2021 | 2020 |
Plan assumptions - obligations |  |  |  |  |  |  |
Discount rate | 1.4%-5.0% | 0.73 - 3.00% | 0.99 - 2.90% |
Rate of compensation increase | 3.25% | 3.25% | 2.90% |
Plan assumption - cost |  |  |  |  |  |  |
Discount rate | 0.73%-3.0% | 0.99 - 2.90% | 0.31 - 3.70% |
Expected return on assets | 2.05%-6.8% | 1.40 - 6.90% | 2.30 - 7.00% |
Rate of compensation increase | 3.25% | 2.90% | 3.20% |
Multiemployer Plan [Table Text Block] |
|  |  |  |  | Pension Protection Act |  |  |  |  |  |  |  |  |  |  |  |  |  | Expiration
|  |  |  |  | Zone Status |  | Contributions |  |  | Date of
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Collective
|  | EIN/Plan |  |  |  | FIP/RP |  |  |  |  |  |  |  |  |  |  |  |  | Surcharge | Bargaining
Pension Fund |  | Number |  | 2022 | 2021 | Status |  | 2022 |  |  | 2021 |  |  | 2020 |  | Imposed? | Agreement
New England Teamsters and Trucking Industry Pension Fund |  |  | 04-6372430-001 |  | Red | Red | Yes/ Implemented |  | $ | 520 |  |  | $ | 631 |  |  | $ | 531 |  | No | May-25
IAM National Pension Fund, National Pension Plan |  |  | 51-6031295-002 |  | Red | Red | Yes/Implemented |  |  | 579 |  |  |  | 513 |  |  |  | 595 |  | Yes | Oct-22 - May-25
|  |  |  |  |  |  |  |  | $ | 1,099 |  |  | $ | 1,144 |  |  | $ | 1,126 |  |  |
Pension Plan [Member] |
Notes Tables |
Schedule of Net Benefit Costs [Table Text Block] |
|  | U.S. Plans |  |  | Foreign Plans |
|  | Year Ended June 30, |  |  | Year Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2022 |  |  | 2021 |  |  | 2020 |
Service Cost |  | $ | 5 |  |  | $ | 4 |  |  | $ | 3 |  |  | $ | 231 |  |  | $ | 217 |  |  | $ | 236 |
Interest Cost |  |  | 7,320 |  |  |  | 7,439 |  |  |  | 9,083 |  |  |  | 768 |  |  |  | 725 |  |  |  | 846 |
Expected return on plan assets |  |  | (13,038 | ) |  |  | (13,012 | ) |  |  | (13,150 | ) |  |  | (855 | ) |  |  | (629 | ) |  |  | (868 | )
Recognized net actuarial loss |  |  | 5,534 |  |  |  | 5,933 |  |  |  | 5,101 |  |  |  | 336 |  |  |  | 757 |  |  |  | 651 |
Amortization of prior service cost (benefit) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4 | ) |  |  | (5 | ) |  |  | (5 | )
Net periodic benefit cost (benefit) |  | $ | (179 | ) |  | $ | 364 |  |  | $ | 1,037 |  |  | $ | 476 |  |  | $ | 1,065 |  |  | $ | 860 |
Schedule of Net Funded Status [Table Text Block] |
|  | U.S. Plans |  |  | Foreign Plans |
|  | Year Ended June 30, |  |  | Year Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Change in benefit obligation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 252,092 |  |  | $ | 264,619 |  |  | $ | 47,809 |  |  | $ | 45,190 |
Service cost |  |  | 5 |  |  |  | 4 |  |  |  | 231 |  |  |  | 217 |
Interest cost |  |  | 7,320 |  |  |  | 7,439 |  |  |  | 768 |  |  |  | 725 |
Actuarial loss (gain) |  |  | (42,844 | ) |  |  | (3,457 | ) |  |  | (11,353 | ) |  |  | (746 | )
Benefits paid |  |  | (16,748 | ) |  |  | (16,513 | ) |  |  | (1,636 | ) |  |  | (1,906 | )
Foreign currency exchange rate & other changes |  |  | - |  |  |  | - |  |  |  | (4,951 | ) |  |  | 4,329 |
Projected benefit obligation at end of year |  | $ | 199,825 |  |  | $ | 252,092 |  |  | $ | 30,868 |  |  | $ | 47,809 |
Change in plan assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 212,603 |  |  | $ | 194,824 |  |  | $ | 45,017 |  |  | $ | 41,973 |
Actual return on plan assets |  |  | (38,213 | ) |  |  | 26,277 |  |  |  | (8,161 | ) |  |  | 40 |
Employer contribution |  |  | 209 |  |  |  | 8,015 |  |  |  | 326 |  |  |  | 105 |
Benefits paid |  |  | (16,748 | ) |  |  | (16,513 | ) |  |  | (1,636 | ) |  |  | (1,906 | )
Foreign currency exchange rate |  |  | - |  |  |  | - |  |  |  | (4,560 | ) |  |  | 4,805 |
Fair value of plan assets at end of year |  | $ | 157,851 |  |  | $ | 212,603 |  |  | $ | 30,986 |  |  | $ | 45,017 |
Funded Status |  | $ | (41,974 | ) |  | $ | (39,489 | ) |  | $ | 118 |  |  | $ | (2,792 | )
Amounts recognized in the consolidated balance sheets consist of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prepaid benefit cost |  | $ | - |  |  | $ | - |  |  | $ | 6,295 |  |  | $ | 5,661 |
Current liabilities |  |  | (195 | ) |  |  | (208 | ) |  |  | (261 | ) |  |  | (309 | )
Non-current liabilities |  |  | (41,779 | ) |  |  | (39,281 | ) |  |  | (5,916 | ) |  |  | (8,144 | )
Net amount recognized |  | $ | (41,974 | ) |  | $ | (39,489 | ) |  | $ | 118 |  |  | $ | (2,792 | )
Unrecognized net actuarial loss |  | $ | 120,719 |  |  | $ | 117,847 |  |  | $ | 1,479 |  |  | $ | 4,618 |
Unrecognized prior service cost |  |  | - |  |  |  | - |  |  |  | (38 | ) |  |  | (51 | )
Accumulated other comprehensive income, pre-tax |  | $ | 120,719 |  |  | $ | 117,847 |  |  | $ | 1,441 |  |  | $ | 4,567 |
Target [Member] |
Notes Tables |
Schedule of Allocation of Plan Assets [Table Text Block] |
|  | 2022 |
Asset Category – Target |  | U.S. |  |  | U.K. |
Equity securities |  | 33% |  |  | 0% |
Debt and market neutral securities |  | 49% |  |  | 70% |
Global balanced securities |  | 12% |  |  | 1% |
Other |  | 6% |  |  | 29% |
Total |  | 100% |  |  | 100% |

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