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Pension and Other Postretirement Benefits
3 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS
The table below summarizes the components of net periodic pension income:
 
Three Months Ended September 30,
(in thousands)
2019
 
2018
Service cost
$
450

 
$
411

Interest cost
6,824

 
7,990

Expected return on plan assets
(13,456
)
 
(13,462
)
Amortization of transition obligation
22

 
23

Amortization of prior service cost (credit)
12

 
(5
)
Recognition of actuarial losses
2,595

 
1,695

Settlement gain
(122
)
 

Net periodic pension income
$
(3,675
)
 
$
(3,348
)

The table below summarizes the components of net periodic other postretirement benefit cost:
 
Three Months Ended September 30,
(in thousands)
2019
 
2018
Interest cost
$
101

 
$
153

Amortization of prior service credit
(69
)
 
(22
)
Recognition of actuarial loss
64

 
62

Net periodic other postretirement benefit cost
$
96

 
$
193



The service cost component of net periodic pension income is reported as a component of cost of goods sold and operating expense. All other components of net periodic pension income and net periodic other postretirement benefit cost are reported as a component of other income, net.