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Pension and Other Postretirement Benefits | 6 Months Ended
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Dec. 31, 2024
Retirement Benefits [Abstract] |
PENSION AND OTHER POSTRETIREMENT BENEFITS | The table below summarizes the components of net periodic pension expense (income):
| Three Months Ended December 31, |  | Six Months Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Service cost | $ | 229 |  |  | $ | 293 |  |  | $ | 457 |  |  | $ | 590 |
Interest cost | 8,514 |  |  | 8,857 |  |  | 17,019 |  |  | 17,764 |
Expected return on plan assets | (10,673) |  |  | (11,125) |  |  | (21,335) |  |  | (22,286) |
Amortization of transition obligation | — |  |  | 19 |  |  | — |  |  | 38 |
Amortization of prior service credit | (2) |  |  | (1) |  |  | (5) |  |  | (2) |
Recognition of actuarial loss | 2,107 |  |  | 1,428 |  |  | 4,210 |  |  | 2,872 |
Settlement | — |  |  | — |  |  | 836 |  |  | — |
Net periodic pension expense (income) | $ | 175 |  |  | $ | (529) |  |  | $ | 1,182 |  |  | $ | (1,024) |
During the fiscal 2025 September quarter, the Company completed the wind-up of its Canadian defined benefit pension plans and recorded a settlement charge of $0.8 million. The table below summarizes the components of net periodic other postretirement benefit cost:
| Three Months Ended December 31, |  | Six Months Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost | $ | 98 |  |  | $ | 106 |  |  | $ | 196 |  |  | $ | 212 |
Amortization of prior service credit | (63) |  |  | (63) |  |  | (127) |  |  | (127) |
Recognition of actuarial loss | 34 |  |  | 35 |  |  | 70 |  |  | 71 |
Net periodic other postretirement benefit cost | $ | 69 |  |  | $ | 78 |  |  | $ | 139 |  |  | $ | 156 |
The service cost component of net periodic pension expense (income) is reported as a component of cost of goods sold and operating expense. All other components of net periodic pension expense (income) and net periodic other postretirement benefit cost are reported as a component of other income, net.

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