Postretirement and Other Employee Benefits

9 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

Postretirement and Other Employee Benefits

Postretirement and Other Employee Benefits

Defined Benefit Pension Plan

We sponsor a defined benefit pension plan for our Swiss-based employees (the Swiss pension plan) that is governed by local regulatory requirements. This plan includes certain minimum benefit guarantees that, under U.S. GAAP, require defined benefit plan accounting.

Net periodic pension costs for the Swiss pension plan included the following components:

	Three Months Ended March 31,						Nine Months Ended March 31,
	2020			2019			2020			2019
	(in thousands)
Components of net periodic cost
Service cost	$	749		$	625		$	2,202		$	1,900
Interest cost	57			113			169			343
Prior service credit	(79		)	(76		)	(233		)	(231		)
Net actuarial loss	122			54			359			164
Expected return on plan assets	(317		)	(342		)	(933		)	(1,040		)
Net periodic cost	$	532		$	374		$	1,564		$	1,136

The components of net periodic pension cost other than current service cost are presented within other expense, net in our unaudited consolidated statements of comprehensive income (loss).