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OTHER LONG-TERM LIABILITIES
12 Months Ended
Jun. 30, 2021
Other Liabilities Noncurrent [Abstract]  
OTHER LONG-TERM LIABILITIES

NOTE 17. OTHER LONG-TERM LIABILITIES

Other long-term liabilities consisted of the following (in thousands):

 

 

 

June 30,

 

 

 

2021

 

 

2020

 

Interest rate swap agreements

 

$

24,838

 

 

$

43,168

 

Deferred and contingent acquisition consideration

 

 

 

 

 

740

 

Deferred revenue

 

 

6,837

 

 

 

6,507

 

Deferred payroll taxes

 

 

46,560

 

 

 

40,594

 

Accrued post-retirement obligations

 

 

6,980

 

 

 

6,715

 

Reserve for unrecognized tax benefits

 

 

31,617

 

 

 

8,869

 

Transition tax

 

 

4,496

 

 

 

5,071

 

Other

 

 

17,024

 

 

 

17,040

 

Total other long-term liabilities

 

$

138,352

 

 

$

128,704

 

 

Accrued post-retirement obligations include projected liabilities for benefits the Company is obligated to provide under long-term care, group health, and executive life insurance plans, each of which is unfunded. Plan benefits are provided to certain current and former executives, their dependents and other eligible employees, as defined. Post-retirement obligations also include accrued benefits under supplemental retirement benefit plans covering certain executives. The expense recorded under these plans was $1.3 million and $1.2 million during the years ended June 30, 2021 and 2020, respectively.

The Company has entered into floating-to-fixed interest rate swap agreements related to a portion of the Company’s floating rate indebtedness (see Note 15).  See Note 23 for fair values of the swap agreements as of June 30, 2021 and 2020.