Postretirement and Other Employee Benefits

9 Months Ended

Mar. 31, 2022

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 March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
	(in thousands)
Components of net periodic cost
Service cost	$	703	$	793	$	2,114	$	2,351
Interest cost	49		38		147		113
Prior service credit	(118)		(84)		(355)		(251)
Net actuarial loss	—		62		—		185
Expected return on plan assets	(358)		(302)		(1,076)		(888)
Net periodic cost	$	276	$	507	$	830	$	1,510

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