Postretirement and Other Employee Benefits

6 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Postretirement and Other Employee Benefits

Postretirement and Other Employee Benefits

Defined Benefit Pension Plan

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

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

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
	(in thousands)
Components of net periodic cost
Service cost	$	704	$	793	$	1,411	$	1,558
Interest cost	49		38		98		75
Prior service credit	(118)		(84)		(237)		(167)
Net actuarial loss	—		62		—		123
Expected return on plan assets	(359)		(301)		(718)		(586)
Net periodic cost	$	276	$	508	$	554	$	1,003

    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).