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Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2019
Retirement Benefits, Description [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 post-employment plans at June 30:
 
Pension Benefits
 
Retiree Health Care Benefits
 
2019

 
2018

 
2019

 
2018

Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of the year
$
21,534

 
$
24,411

 
$
1,491

 
$
1,684

Service cost
45

 
124

 
18

 
19

Interest cost
698

 
729

 
54

 
52

Plan participants’ contributions

 

 
69

 
68

Benefits paid
(3,695
)
 
(3,181
)
 
(150
)
 
(223
)
Actuarial loss (gain) during year
486

 
(549
)
 
24

 
(109
)
Benefit obligation at end of year
$
19,068

 
$
21,534

 
$
1,506

 
$
1,491

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
7,702

 
$
6,530

 
$

 
$

Actual gain on plan assets
669

 
516

 

 

Employer contributions
3,798

 
3,837

 
81

 
155

Plan participants’ contributions

 

 
69

 
68

Benefits paid
(3,695
)
 
(3,181
)
 
(150
)
 
(223
)
Fair value of plan assets at end of year
$
8,474

 
$
7,702

 
$

 
$

Funded status at end of year
$
(10,594
)
 
$
(13,832
)
 
$
(1,506
)
 
$
(1,491
)
Amounts Recognized in Consolidated Balance Sheet [Table Text Block]
The amounts recognized in the consolidated balance sheets and in accumulated other comprehensive loss for the post-employment plans were as follows:
 
Pension Benefits
 
Retiree Health Care Benefits
June 30,
2019

 
2018

 
2019

 
2018

Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
Other current liabilities
$
3,352

 
$
3,298

 
$
155

 
$
220

Other liabilities
7,242

 
10,534

 
1,351

 
1,271

Net amount recognized
$
10,594

 
$
13,832

 
$
1,506

 
$
1,491

Amounts recognized in accumulated other comprehensive loss:
 
 
 
 
 
 
 
Net actuarial (loss) gain
$
(4,995
)
 
$
(4,781
)
 
$
977

 
$
1,121

Prior service cost

 

 
184

 
554

Total amounts recognized in accumulated other comprehensive loss
$
(4,995
)
 
$
(4,781
)
 
$
1,161

 
$
1,675

Information for pension plans with projected benefit obligations in excess of plan assets
The following table provides information for pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets:
 
Pension Benefits
June 30,
2019

 
2018

Projected benefit obligations
$
19,068

 
$
21,534

Accumulated benefit obligations
19,068

 
21,534

Fair value of plan assets
8,474

 
7,702

Net periodic costs
The net periodic costs (benefits) are as follows:
 
Pension Benefits
 
Retiree Health Care Benefits
Year Ended June 30,
2019

 
2018

 
2017

 
2019

 
2018

 
2017

Service cost
$
45

 
$
124

 
$
126

 
$
18

 
$
19

 
$
29

Interest cost
698

 
729

 
687

 
54

 
52

 
63

Expected return on plan assets
(532
)
 
(472
)
 
(460
)
 

 

 

Recognized net actuarial loss (gain)
185

 
424

 
872

 
(121
)
 
(154
)
 
(181
)
Amortization of prior service cost

 
27

 
86

 
(369
)
 
(369
)
 
(271
)
Recognition of prior service cost upon plan curtailment

 
8

 

 

 

 

Net periodic cost (benefits)
$
396

 
$
840

 
$
1,311

 
$
(418
)
 
$
(452
)
 
$
(360
)
Weighted-average actuarial assumptions used to determine benefit obligations and net periodic benefit cost
The weighted-average actuarial assumptions used to determine benefit obligations and net periodic benefit cost for the plans were as follows:
 
Pension Benefits
 
Retiree Health Care Benefits
June 30,
2019

 
2018

 
2019

 
2018

Assumptions used to determine benefit obligations at year end:
 
 
 
 
 
 
 
Discount rate
2.8
%
 
3.5
%
 
3.1
%
 
3.8
%
Assumptions used to determine net periodic benefit cost:
 
 
 
 
 
 
 
Discount rate
3.5
%
 
2.8
%
 
3.8
%
 
3.3
%
Expected return on plan assets
7.0
%
 
7.0
%
 
N/A

 
N/A

One-Percentage Point Change in Assumed Health Care Cost Trend Rates
A one-percentage point change in the assumed health care cost trend rates would have had the following effects as of June 30, 2019 and for the year then ended:
 
One-Percentage Point
 
 
Increase
 
Decrease
Effect on total service and interest cost components of periodic expense
$
10

 
$
(7
)
Effect on post-retirement benefit obligation
180

 
(151
)
Defined Benefit Plan Asset Information
Following are the fair values and target allocation as of June 30:
 
Target Allocation
 
Fair Value
 
 
 
2019

 
2018

Asset Class:
 
 
 
 
 
Equity* securities (Level 1)
40 – 70%
 
$
5,441

 
$
6,226

Debt securities (Level 2)
20 – 50%
 
3,033

 
1,337

Other (Level 1)
0 – 20%
 

 
139

Total
100%
 
$
8,474

 
$
7,702

Estimated future benefit payments
The following benefit payments, which reflect expected future service, as applicable, are expected to be paid in each of the next five years and in the aggregate for the subsequent five years:
During Fiscal Years
Pension Benefits

 
Retiree Health  
 Care Benefits

2020
$
3,800

 
$
130

2021
1,300

 
120

2022
1,300

 
110

2023
1,400

 
110

2024
750

 
100

2025 through 2029
6,250

 
500