XML 226 R37.htm IDEA: XBRL DOCUMENT v3.25.2
Employee Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2025
Employee Benefit Plans  
Schedule of changes in projected benefit obligation, plan assets and the funded status

For the Year Ended June 30

    

2025

    

2024

Change in projected benefit obligation

Projected benefit obligation at beginning of year

$

33,261

 

$

60,673

Interest cost

 

1,672

 

1,775

Benefits paid

 

(1,435)

 

(954)

Actuarial gain

 

(738)

 

(1,852)

Settlement payment

(26,381)

Projected benefit obligation at end of year

$

32,760

 

$

33,261

 

For the Year Ended June 30

    

2025

    

2024

Change in plan assets

  

  

Fair value of plan assets at beginning of year

$

31,024

$

58,387

Actual return on plan assets

 

1,376

 

(28)

Benefits paid

 

(1,435)

 

(954)

Settlement payment

(26,381)

Fair value of plan assets at end of year

$

30,965

$

31,024

Liability funded status at end of year

$

(1,795)

$

(2,237)

 

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

For the Year Ended June 30

    

2025

    

2024

Accumulated other comprehensive loss related to pension plan

 

  

 

  

Balance at beginning of period

$

(13,012)

$

(23,996)

Amortization of net actuarial loss

 

308

 

370

Current period net actuarial gain (loss)

 

312

 

(60)

Settlement expense recognized

10,674

Net change

 

620

 

10,984

Balance at end of period

$

(12,392)

$

(13,012)

 

Schedule of net periodic pension expense

For the Year Ended June 30

    

2025

    

2024

    

2023

Interest cost on benefit obligation

$

1,672

$

1,775

$

2,608

Expected return on plan assets

 

(1,802)

 

(1,884)

 

(2,624)

Amortization of net actuarial loss and prior service costs

 

308

 

370

 

721

Settlement expense

10,674

Net periodic pension expense

$

178

$

10,935

$

705

 

Schedule of significant actuarial assumptions

For the Year Ended June 30

    

2025

    

2024

    

2023

 

Discount rate for interest cost

 

5.2

%  

5.0

%  

4.3

%

Expected rate of return on plan assets

 

6.0

%  

5.8

%  

4.4

%

Discount rate for benefit obligation

 

5.4

%  

5.1

%  

4.6

%

 

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

For the Years Ending June 30

    

2026

$

1,460

2027

 

1,696

2028

1,864

2029

2,042

2030

2,132

2031 – 2035

 

11,563

 

Schedule of weighted-average asset allocation of plan assets

Target

Allocation

Percentage of Plan Assets

For the Year Ended June 30

    

2026

    

2025

    

2024

Debt securities

 

65% - 85%  

77%  

    

79%  

Equity securities

 

10% - 30%  

19%  

18%  

Global asset allocation/risk parity (1)

 

0% - 15%  

3%  

2%  

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, 2025

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash and cash equivalents

$

264

$

$

$

264

Common-collective funds

 

 

Global large cap equities

 

5,249

550

 

5,799

Fixed income securities

 

23,888

 

23,888

Mutual funds

 

 

Global asset allocations/risk parity

 

1,014

 

1,014

$

1,278

$

29,137

$

550

$

30,965

Fair Value Measurements Using

As of June 30, 2024

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash and cash equivalents

$

277

$

$

$

277

Common-collective funds

 

Global large cap equities

 

 

5,077

 

524

 

5,601

Fixed income securities

 

 

24,650

 

 

24,650

Mutual funds

 

Global asset allocations/risk parity

 

496

 

 

 

496

$

773

$

29,727

$

524

$

31,024

 

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

Change in Fair Value Level 3 assets

     

2025

    

2024

Balance at beginning of period

$

524

$

1,552

Redemptions

 

(202)

 

(1,316)

Purchases

130

200

Change in fair value

 

98

 

88

Balance at end of period

$

550

$

524