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Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2019

Compensation and Retirement Disclosure [Abstract]

Schedule of changes in projected benefit obligation, plan assets and the funded status

For the Year Ended June 30			2019						2018
Change in projected benefit obligation
Projected benefit obligation at beginning of year				$	61,557					$	63,260
Interest cost					2,407						2,157
Benefits paid					(1,758)						(2,196)
Actuarial (gain) loss					6,321						(1,664)
Projected benefit obligation at end of year				$	68,527					$	61,557

For the Year Ended June 30			2019						2018
Change in plan assets
Fair value of plan assets at beginning of year				$	58,648					$	57,110
Actual return on plan assets					6,860						965
Employer contributions					842						2,768
Benefits paid					(1,757)						(2,195)
Fair value of plan assets at end of year				$	64,593					$	58,648
Funded status at end of year				$	(3,934)					$	(2,909)

Schedule of accumulated other comprehensive (income) loss related to the pension plan

For the Year Ended June 30			2019						2018
Accumulated Other Comprehensive Income (Loss) Related to Pension Plan
Balance at beginning of period				$	(18,213)					$	(18,059)
Amortization of net actuarial loss					465						453
Current period net actuarial (loss) gain					(2,302)						(607)
Net change					(1,837)						(154)
Balance at end of period				$	(20,050)					$	(18,213)

Schedule of net periodic pension expense

For the Year Ended June 30			2019						2018						2017
Service cost–benefits earned during the year				$	—					$	—					$	845
Interest cost on benefit obligation					2,407						2,157						2,045
Expected return on plan assets					(2,842)						(3,236)						(3,389)
Amortization of net actuarial loss					465						453						672
Curtailment expense					—						—						16
Settlement expense					—						—						1,702
Net periodic pension expense				$	30					$	(626)					$	1,891

Schedule of significant actuarial assumptions

For the Year Ended June 30			2019						2018						2017
Discount rate for service cost					N/A						N/A						4.0%
Discount rate for interest cost					3.1%						3.9%						3.2%
Expected rate of return on plan assets					4.9%						5.6%						6.1%
Discount rate for year-end benefit obligation					3.6%						4.2%						3.9%

Schedule of estimated future benefit payments, including benefits attributable to future service

For the Year Ended June 30
2020				$	2,599
2021					2,878
2022					3,113
2023					3,318
2024					3,474
2025–2029					18,828

Schedule of weighted-average asset allocation of plan assets

			Target  Allocation			Percentage of Plan Assets
For the Year Ended June 30			2020			2019						2018
Debt securities			57%–77%					67%						63%
Equity securities			18%–38%					28%						26%
Global asset allocation/risk parity(1)			0%–15%					4%						10%
Other			0%–10%					1%						1%

(1)

The global asset allocation/risk parity category consists of a variety of asset classes including, but not limited to, global bonds, global equities, real estate and commodities.

Schedule of fair values of the company's plan assets by asset category

			Fair Value Measurements Using
As of June 30, 2019			Level 1						Level 2						Level 3						Total
Cash and cash equivalents				$	215					$	—					$	—					$	215
Common-collective funds
Global large cap equities					—						13,995						4,016						18,011
Fixed income securities					—						43,288						—						43,288
Global asset allocations/risk parity					—						1,446						—						1,446
Other
Global asset allocations/risk parity					—						—						1,447						1,447
Other					—						—						186						186
				$	215					$	58,729					$	5,649					$	64,593

			Fair Value Measurements Using
As of June 30, 2018			Level 1						Level 2						Level 3						Total
Cash and cash equivalents				$	428					$	—					$	—					$	428
Common-collective funds
Global large cap equities					—						11,632						3,811						15,443
Fixed income securities					—						36,671						—						36,671
Global asset allocations/risk parity					—						2,957						—						2,957
Other
Global asset allocations/risk parity					—						—						2,881						2,881
Other					—						—						268						268
				$	428					$	51,260					$	6,960					$	58,648

Schedule of summary of the changes in the fair value of level 3 assets

Change in Fair Value of Level 3 assets			2019						2018
Balance at beginning of period				$	6,960					$	15,959
Redemptions					(4,336)						(9,901)
Purchases					2,800						—
Change in fair value					225						902
Balance at end of period				$	5,649					$	6,960

X

- Definition

Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

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Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

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Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

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Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period.

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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

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