XML 26 R16.htm IDEA: XBRL DOCUMENT v3.25.1
Pension and Other Postretirement Benefits
 9 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS
The table below summarizes the components of net periodic pension expense (income):
Three Months Ended March 31,Nine Months Ended March 31,
(in thousands)2025202420252024
Service cost$221 $298 $678 $888 
Interest cost8,441 8,901 25,460 26,665 
Expected return on plan assets(10,629)(11,156)(31,964)(33,442)
Amortization of transition obligation— 19 — 57 
Amortization of prior service credit(1)(1)(6)(4)
Recognition of actuarial loss2,082 1,442 6,292 4,315 
Settlement— — 836 — 
Net periodic pension expense (income)$114 $(497)$1,296 $(1,521)
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 March 31,Nine Months Ended March 31,
(in thousands)2025202420252024
Interest cost$98 $106 $294 $318 
Amortization of prior service credit(64)(63)(190)(190)
Recognition of actuarial loss35 35 104 106 
Net periodic other postretirement benefit cost$69 $78 $208 $234 
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.