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Retirement Plan
12 Months Ended
Jun. 30, 2023
Retirement Plan [Abstract]  
Retirement Plan

15. Retirement Plan

The Company has participatory deferred compensation plans under which it matches 50% of employee contributions up to 6% of an eligible employee’s yearly compensation on a discretionary basis. During fiscal 2023 and fiscal 2022, employees were eligible to participate in the plans after one year of service. Beginning on July 1, 2023, employees are eligible to participate in the plans after six months of service. The Company contributed approximately $643,000 and $493,000 to the plans during fiscal 2023 and fiscal 2022, respectively. The plans are qualified plans under Section 401(k) of the Internal Revenue Code.