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Employee Benefit Plans (Tables) | 9 Months Ended
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Mar. 31, 2024
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 March 31, |  | Nine Months Ended March 31,
(In thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost |  | $ | 1,204 |  |  | $ | 1,156 |  |  | $ | 3,612 |  |  | $ | 3,468 |
Expected return on plan assets |  | (1,122) |  |  | (1,009) |  |  | (3,366) |  |  | (3,027) |
Amortization of net loss (1) |  | 207 |  |  | 281 |  |  | 620 |  |  | 844 |
Net periodic benefit cost |  | $ | 289 |  |  | $ | 428 |  |  | $ | 866 |  |  | $ | 1,285 |
___________ (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 March 31, |  | Nine Months Ended March 31,
(In thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Contributions to WCTPP |  | $ | 272 |  |  | $ | 313 |  |  | $ | 944 |  |  | $ | 978 |
Contributions to All Other Plans |  | 9 |  |  | 6 |  |  | 27 |  |  | 22 |
Summary of Weighted-Average Assumptions Used | Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost
|  | March 31, 2024 |  | June 30, 2023
Discount rate |  | 5.05% |  | 4.50%
Expected long-term return on plan assets |  | 7.00% |  | 6.50%

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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 -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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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 -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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