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Long-Term Debt | 12 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Long-term Debt [Text Block] | NOTE 11 — LONG-TERM DEBT Long-term debt consisted of the following at June 30:
(in thousands) | 2024 |  | 2023
2.800% Senior Unsecured Notes due fiscal 2031, net of discount of $0.1 million for 2024 and $0.1 million for 2023 | $ | 299,878 |  |  | $ | 299,860 |
4.625% Senior Unsecured Notes due fiscal 2028, net of discount of $0.9 million for 2024 and $1.1 million for 2023 | 299,139 |  |  | 298,920 |
Total term debt | 599,017 |  |  | 598,780 |
Less unamortized debt issuance costs | (3,037) |  |  | (3,608) |
Total long-term debt | $ | 595,980 |  |  | $ | 595,172 |
In February 2021, we issued $300.0 million of 2.800 percent Senior Unsecured Notes with a maturity date of March 1, 2031. Interest is paid semi-annually on March 1 and September 1 of each year. On June 7, 2018, we issued $300.0 million of 4.625 percent Senior Unsecured Notes with a maturity date of June 15, 2028. Interest on these notes is paid semi-annually on June 15 and December 15 of each year. Future principal maturities of long-term debt are $300.0 million in 2028 and $300.0 million in 2031. Fixed rate debt had a fair market value of $545.9 million and $527.4 million at June 30, 2024 and 2023, respectively. The Level 2 fair value is determined based on the quoted market prices for similar debt instruments as of June 30, 2024 and 2023, respectively.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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