Note M - Pension and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2016

	Pension Benefits						Other Postretirement Benefits
	2016			2015			2016			2015
Change in benefit obligation:
Benefit obligation, beginning of year	$	127,733		$	123,832		$	16,372		$	16,584
Service cost		770			465			28			30
Interest cost		4,968			4,862			604			579
Actuarial loss (gain)		7,043			8,384			496			882
Contributions by plan participants		143			154			519			547
Benefits paid		(11,601	)		(9,964	)		(2,086	)		(2,250	)
Benefit obligation, end of year	$	129,056		$	127,733		$	15,933		$	16,372

Change in plan assets:
Fair value of assets, beginning of year	$	104,681		$	102,495		$	-		$	-
Actual return on plan assets		(1,442	)		5,828			-			-
Employer contribution		2,383			6,168			1,567			1,703
Contributions by plan participants		143			154			519			547
Benefits paid		(11,601	)		(9,964	)		(2,086	)		(2,250	)
Fair value of assets, end of year	$	94,164		$	104,681		$	-		$	-

Funded status	$	(34,892	)	$	(23,052	)	$	(15,933	)	$	(16,372	)

Amounts recognized in the balance sheet consist of:
Other assets - noncurrent	$	654		$	638		$	-		$	-
Accrued liabilities - current		(805	)		(764	)		(1,969	)		(2,040	)
Accrued retirement benefits - noncurrent		(34,741	)		(22,926	)		(13,964	)		(14,332	)
Net amount recognized	$	(34,892	)	$	(23,052	)	$	(15,933	)	$	(16,372	)

Amounts recognized in accumulated other comprehensive loss consist of (net of tax):
Net transition obligation	$	285		$	296		$	-		$	-
Actuarial net loss		45,850			38,613			3,166			3,312
Net amount recognized	$	46,135		$	38,909		$	3,166		$	3,312

	Pension Benefits		Other Postretirement Benefits
Net transition obligation	$	99	$	-
Actuarial net loss		3,598		726
Net amount to be recognized	$	3,697	$	726

	June 30
	2016		2015
Projected and accumulated benefit obligation	$	127,528	$	126,242
Fair value of plan assets		91,982		102,552

	Pension Benefits
	2016			2015			2014
Service cost	$	770		$	465		$	536
Interest cost		4,968			4,862			5,425
Expected return on plan assets		(6,874	)		(7,272	)		(6,591	)
Amortization of transition obligation		33			36			32
Amortization of prior service cost		59			-			-
Amortization of actuarial net loss		3,627			2,436			2,894
Net periodic benefit cost	$	2,583		$	527		$	2,296

	Other Postretirement Benefits
	2016		2015		2014
Service cost	$	28	$	30	$	37
Interest cost		604		579		659
Amortization of actuarial net loss		728		638		602
Net periodic benefit cost	$	1,360	$	1,247	$	1,298

	Pension			Other Postretirement Benefits
Net loss	$	15,514		$	496
Prior service cost		58			-
Amortization of transition asset		(33	)		-
Amortization of prior service cost		(59	)		-
Amortization of net (loss) gain		(3,627	)		(728	)
Total recognized in other comprehensive income		11,853			(232	)
Net periodic benefit cost		2,583			1,360
Total recognized in net periodic benefit cost and other comprehensive income	$	14,436		$	1,128

	Pension			Other Postretirement Benefits
Net loss	$	9,406		$	882
Amortization of transition asset		(36	)		-
Amortization of net (loss) gain		(2,436	)		(638	)
Total recognized in other comprehensive income		6,934			244
Net periodic benefit cost		527			1,247
Total recognized in net periodic benefit cost and other comprehensive income	$	7,461		$	1,491

	Pension			Other Postretirement Benefits
Net loss	$	(6,303	)	$	(59	)
Amortization of prior service benefit		7			-
Amortization of transition asset		(38	)		-
Amortization of net (loss) gain		(2,894	)		(602	)
Total recognized in other comprehensive income		(9,228	)		(661	)
Net periodic benefit cost		2,296			1,298
Total recognized in net periodic benefit cost and other comprehensive income	$	(6,932	)	$	637

	Pension Benefits						Other Postretirement Benefits
Weighted average assumptions used to determine benefit obligations at June 30
	2016			2015			2016			2015
Discount rate		3.35	%		4.05	%		3.27	%		3.93	%
Expected return on plan assets		6.57	%		7.11	%

	Pension Benefits									Other Postretirement Benefits
Weighted average assumptions used to determine net periodic benefit costs for years ended June 30
	2016			2015			2014			2016			2015			2014
Discount rate		4.05	%		4.06	%		4.35	%		3.93	%		3.76	%		3.99	%
Expected return on plan assets		7.11	%		7.39	%		7.41	%

	Annuity Contracts			Other
Balance - June 30, 2015	$	9,508		$	15,900
Actual return on plan assets:
Relating to assets still held at reporting date		38			(2,009	)
Purchases, sales and settlements, net		(619	)		-
Transfers in and/or out of Level III		104			-
Balance - June 30, 2016	$	9,031		$	13,891

	Annuity Contracts		Other
Balance - June 30, 2014	$	6,340	$	14,689
Actual return on plan assets:
Relating to assets still held at reporting date		2,978		1,211
Purchases, sales and settlements, net		190		-
Balance - June 30, 2015	$	9,508	$	15,900

	Pension Benefits		Other Postretirement Benefits
			Gross Benefits		Part D Reimbursement		Net Benefit Payments
2017	$	10,477	$	2,000	$	-	$	2,000
2018		10,925		1,959		-		1,959
2019		9,675		1,559		-		1,559
2020		9,124		1,465		-		1,465
2021		8,760		1,343		-		1,343
Years 2022 - 2026		38,280		5,258		-		5,258