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Note 11 - Retirement Benefits
 3 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Retirement Benefits [Text Block]

11)     Retirement Benefits

 

The Company has defined benefit pension plans covering certain current and former employees both inside and outside of the U.S. The Company’s pension plan for U.S. employees is frozen for substantially all participants and has been replaced with a defined contribution benefit plan. 

 

Net periodic benefit cost for the Company’s U.S. and foreign pension benefit plans for the periods ended consisted of the following components (in thousands):

 

   

U.S. Plans

    

Non-U.S. Plans

  
   

Three Months Ended September 30,

    

Three Months Ended September 30,

  
   

2025

    

2024

    

2025

    

2024

  

Service cost

   $ -     $ -     $ 58     $ 63  

Interest cost

     2,288       2,386       315       306  

Expected return on plan assets

     (2,521 )     (2,641 )     (304 )     (347 )

Recognized net actuarial loss

     1,175       1,055       -       -  

Amortization of prior service cost

     -       -       (1 )     (1 )

Net periodic (benefit) cost

   $ 942     $ 800     $ 68     $ 21  

 

The following table sets forth the amounts recognized for the Company's defined benefit pension plans (in thousands):

 

Amounts recognized in the consolidated balance sheets consist of:

  

September 30, 2025

    

June 30, 2025

  

Prepaid benefit cost

   $ 3,307     $ 3,294  

Current liabilities

     (1,258 )     (589 )

Non-current liabilities

     (32,660 )     (31,721 )

Net amount recognized

   $ (30,611 )   $ (29,016 )

 

The contributions made to defined benefit plans are presented below along with remaining contributions to be made for the current fiscal year (in thousands):

 

   

Fiscal Year 2026

  

Contributions to defined benefit plans

  

Three Months Ended September 30, 2025

    

Remaining Contributions

  

United States, funded plan

   $ 1,259     $ 5,290  

United States, unfunded plan

     26       90  

Germany, unfunded plan

     -       275  
    $ 1,285     $ 5,655