Retirement Plans (Tables)

12 Months Ended

Jun. 30, 2024

Defined Benefit Pension Obligation Disclosure [Abstract]

Schedule of funded status

The following table presents the funded status of the defined benefit pension plan (in thousands):

	June 30,
	2024			2023
Change in benefit obligation:
Benefit obligation—beginning of fiscal year	$	19,388		$	17,453
Service cost		1,245			1,241
Interest cost		381			336
Plan participants’ contributions		3,548			2,486
Actuarial loss		2,236			389
Foreign currency changes		(124	)		1,205
Settlements		(2,434	)		(3,542	)
Benefit and expense payments		(181	)		(180	)
Benefit obligation—end of fiscal year	$	24,059		$	19,388
Change in plan assets:
Plan assets—beginning of fiscal year	$	18,761		$	17,350
Employer contributions		1,265			1,295
Actual return on plan assets		467			179
Plan participants’ contributions		3,548			2,486
Foreign currency changes		(97	)		1,173
Settlements		(2,434	)		(3,542	)
Benefit and expense payments		(181	)		(180	)
Plan assets—end of fiscal year	$	21,329		$	18,761
Funded status	$	(2,730	)	$	(627	)
Amounts recognized within the consolidated balance sheets:
Long-term other liabilities	$	(2,730	)	$	(627	)
Net amount recognized	$	(2,730	)	$	(627	)

Schedule of amounts recognized in accumulated other comprehensive income (loss) (before tax)

The following table presents the amounts recognized in accumulated other comprehensive income (loss) (before tax) for the defined benefit pension plan (in thousands):

	June 30,
	2024		2023
Net actuarial gain	$	428	$	2,559
Prior service credit		127		195
Total recognized in accumulated other comprehensive income (loss)	$	555	$	2,754

Schedule of projected benefit obligations, accumulated benefit obligation and fair value of plan assets where accumulated benefit obligation exceeded fair value of plan assets

The following table presents the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for this defined benefit pension plan where accumulated benefit obligation exceeded the fair value of plan assets (in thousands):

	June 30,
	2024		2023
Projected benefit obligation	$	24,059	$	19,388
Accumulated benefit obligation	$	20,946	$	16,807
Fair value of plan assets	$	21,329	$	18,761

Schedule Of Net Benefit Costs And Other Amounts Recognized In Other Comprehensive Income Loss Table Text Block

The following table shows the components of the Company’s net periodic benefit costs and the other amounts recognized in other comprehensive loss, before tax, related to the Company’s defined benefit pension plan (in thousands):

	Year ended June 30,
	2024			2023			2022
Net Periodic Benefit Costs:
Service cost	$	1,245		$	1,241		$	1,513
Interest cost		381			336			75
Expected returns on assets		(284	)		(176	)		(144	)
Amortization of prior service cost (credit)		(24	)		(23	)		54
Amortization of net gain		(92	)		(207	)		—
Gain on settlement		(65	)		(518	)		—
Net periodic benefit costs		1,161			653			1,498
Other Amounts Recognized in Other Comprehensive Loss:
Net (gain) loss arising during the year		2,019			406			(3,584	)
Prior service cost (credit)		24			24			(53	)
Amortization of prior service cost (credit)		—			—			(678	)
Amortization of net gain		91			217			—
Effect of settlement		65			546			4
Total recognized in other comprehensive (gain) loss		2,199			1,193			(4,311	)
Total recognized in net periodic benefit costs and other comprehensive income (loss)	$	3,360		$	1,846		$	(2,813	)

Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized

The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during fiscal year 2025 related to the Company’s defined benefit pension plan are as follows (in thousands):

	2025
Net loss	$	—
Prior service cost		24
Accumulated other comprehensive income	$	24

Schedule of assumptions used to determine net periodic benefit cost and benefit obligation

The assumptions used to determine net periodic benefit cost and to compute the expected long‑term return on assets for the Company’s defined benefit pension plan were as follows:

	Fiscal Years
	2024			2023			2022
Net Periodic Benefit Costs:
Discount rate		1.30	%		1.95	%		1.90	%
Rate of compensation increase		1.75	%		1.75	%		1.75	%
Expected long-term return on assets		1.50	%		1.50	%		1.00	%

The assumptions used to measure the benefit obligation for the Company’s defined benefit pension plan were as follows:

	June 30,
	2024			2023
Benefit Obligation:
Discount rate		1.30	%		1.95	%
Rate of compensation increase		1.75	%		1.75	%

Schedule of estimated future benefit payments

Estimated future benefit payments expected to be paid by the defined benefit pension plan at June 30, 2024 are as follows (in thousands):

Year Ending June 30,	Future Benefits
2025	$	1,183
2026		1,436
2027		1,265
2028		1,318
2029		1,649
Thereafter		9,558
Total estimated future benefit payments	$	16,409