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Employee Benefit Plans (Tables)

3 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit Costs

The net periodic benefit cost for the defined benefit pension plans is as follows:

												Three Months Ended September 30,
(In thousands)																		2023						2022
Interest cost																		$	1,204					$	1,156
Expected return on plan assets																		(1,122)						(1,009)
Amortization of net loss (1)																		207						281
Net periodic benefit cost																		$	289					$	428

___________

(1) These amounts represent the estimated portion of the net loss in AOCI that is expected to be recognized as a component of net periodic benefit cost over the current fiscal year. 

Contributions made by the Company to the multiemployer pension plans were as follows:

												Three Months Ended September 30,
(In thousands)																		2023						2022
Contributions to WCTPP																		$	316					$	287
Contributions to All Other Plans																		8						8

The following table shows the components of net periodic postretirement benefit cost for the Death Benefit Plan for the three months ended September 30, 2023 and 2022.

												Three Months Ended September 30,
(In thousands)																		2023						2022
Components of Net Periodic Postretirement Benefit Cost:
Service cost																		$	—					$	—
Interest cost																		11						10
Amortization of net gain																		—						—
Net periodic postretirement benefit cost																		$	11					$	10

Summary of Weighted-Average Assumptions Used

Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost

						September 30, 2023						June 30, 2023
Discount rate						5.05%						4.50%
Expected long-term return on plan assets						7.00%						6.50%

Weighted-Average Assumptions Used to Determine Net Periodic Postretirement Benefit Cost 

						Fiscal year
						2024						2023
Death Benefit Plan discount rate						5.33%						4.77%

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- References

No definition available.

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- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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