XML 51 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2012
General Discussion of Pension and Other Postretirement Benefits [Abstract]  
Summary of changes in benefit obligations, plan assets and funded status for the post employment plans
The following table sets forth the changes in benefit obligations and plan assets during the year and the funded status for the postemployment plans at June 30:
 
 
Pension Benefits
 
 
Retiree Health Care Benefits
 
 
 
2012

 
2011

 
2012

 
2011

Change in benefit obligation:
 
 
 
 
 
 
 
 
Benefit obligation at beginning of the year
 
$
53,490

 
$
51,114

 
$
4,667

 
$
4,593

Service cost
 
289

 
460

 
30

 
39

Interest cost
 
2,047

 
2,232

 
237

 
235

Plan participants’ contributions
 

 

 
47

 
37

Benefits paid
 
(4,144
)
 
(1,856
)
 
(256
)
 
(227
)
Amendments
 
150

 
151

 

 

Actuarial loss (gain) during year
 
4,179

 
1,389

 
423

 
(10
)
Curtailment
 
(8,860
)
 

 

 

Benefit obligation at end of year
 
$
47,151

 
$
53,490

 
$
5,148

 
$
4,667

Change in plan assets:
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
 
$
6,056

 
$
5,229

 
$

 
$

Actual (loss) gain on plan assets
 
(30
)
 
984

 

 

Employer contributions
 
4,557

 
1,699

 
209

 
190

Plan participants’ contributions
 

 

 
47

 
37

Benefits paid
 
(4,144
)
 
(1,856
)
 
(256
)
 
(227
)
Fair value of plan assets at end of year
 
$
6,439

 
$
6,056

 
$

 
$

Funded status at end of year
 
$
(40,712
)
 
$
(47,434
)
 
$
(5,148
)
 
$
(4,667
)
The amounts recognized in the consolidated balance sheets and in accumulated other comprehensive income (loss) for the postemployment plans were as follows:
 
 
Pension Benefits
 
 
Retiree Health Care Benefits
 
June 30,
 
2012

 
2011

 
2012

 
2011

Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
 
Other current liabilities
 
$
6,018

 
$
4,151

 
$
220

 
$
220

Postemployment benefits
 
34,694

 
43,283

 
4,928

 
4,447

Net amount recognized
 
$
40,712

 
$
47,434

 
$
5,148

 
$
4,667

Amounts recognized in accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
Net actuarial (loss) gain
 
$
(10,112
)
 
$
(15,012
)
 
$
398

 
$
892

Prior service cost
 
(279
)
 
(3,808
)
 
(135
)
 
(274
)
Total amounts recognized in accumulated other comprehensive income (loss)
 
$
(10,391
)
 
$
(18,820
)
 
$
263

 
$
618

Information for pension plans with projected benefit obligations in excess of plan assets
 
 
Pension Benefits
 
June 30,
 
2012

 
2011

Projected benefit obligations
 
$
47,151

 
$
53,490

Accumulated benefit obligations
 
47,151

 
43,528

Fair value of plan assets
 
6,439

 
6,056

Net periodic costs
 
 
Pension Benefits
 
 
Retiree Health Care Benefits
 
Year Ended June 30,
 
2012

 
2011

 
2010

 
2012

 
2011

 
2010

Service cost
 
$
289

 
$
460

 
$
574

 
$
30

 
$
39

 
$
52

Interest cost
 
2,047

 
2,232

 
2,911

 
237

 
235

 
259

Expected return on plan assets
 
(396
)
 
(385
)
 
(351
)
 

 

 

Recognized net actuarial loss (gain)
 
644

 
1,449

 
924

 
(72
)
 
(83
)
 
(87
)
Amortization of prior service cost
 
412

 
710

 
797

 
139

 
139

 
148

Recognition of prior service cost upon plan curtailment
 
3,117

 

 

 

 

 

Net periodic cost
 
$
6,113

 
$
4,466

 
$
4,855

 
$
334

 
$
330

 
$
372

Weighted-average actuarial assumptions used to determine benefit obligations and net periodic benefit cost
 
 
Pension Benefits
 
 
Retiree Health Care Benefits
 
June 30,
 
2012

 
2011

 
2012

 
2011

Assumptions used to determine benefit obligations at year end:
 
 
 
 
 
 
 
 
Discount rate
 
2.8
%
 
4.5
%
 
4.0
%
 
5.5
%
Rate of compensation increase
 
N/A

 
5.5
%
 
N/A

 
N/A

Assumptions used to determine net periodic benefit cost:
 
 
 
 
 
 
 
 
Discount rate
 
3.5
%
 
4.3
%
 
5.5
%
 
5.5
%
Expected return on plan assets
 
7.5
%
 
7.5
%
 
N/A

 
N/A

Rate of compensation increase
 
5.5
%
 
5.5
%
 
N/A

 
N/A

One-Percentage Point Change in Assumed Health Care Cost Trend Rates
 
 
One-Percentage Point
 
 
Increase

 
Decrease

Effect on total service and interest cost components of periodic expense
 
$
48

 
$
(39
)
Effect on postretirement benefit obligation
 
854

 
(701
)
Defined Benefit Plan Asset Information
 
 
Target Allocation

 
Fair Value
 
 
 
 
 
2012

 
2011

Asset Class:
 
 
 

 

Equity securities
 
40 – 70%

 
$
3,735

 
$
3,876

Debt securities
 
20 – 50%

 
2,382

 
1,756

Other
 
0 – 20%

 
322

 
424

Total
 
100
%
 
$
6,439

 
$
6,056

Estimated future benefit payments
During Fiscal Years
 
Pension Benefits

 
Retiree Health Care
Benefits

2013
 
$
6,200

 
$
240

2014
 
5,900

 
240

2015
 
5,700

 
240

2016
 
4,500

 
240

2017
 
1,700

 
260

2018 through 2022
 
15,200

 
1,420