Employee Benefit Plans (Tables)

6 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit Costs

The net periodic benefit (credit) cost for the defined benefit pension plans is as follows:

	Three Months Ended December 31,				Six Months Ended December 31,
(In thousands)	2022		2021		2022		2021
Interest cost	$	1,156	$	848	$	2,312	$	1,696
Expected return on plan assets	(1,009)		(1,237)		(2,018)		(2,474)
Amortization of net loss (1)	281		339		563		678
Net periodic benefit (credit) cost	$	428	$	(50)	$	857	$	(100)

___________

(1) These amounts represent the estimated portion of the net loss in AOCI that is expected to be recognized as a component of net periodic benefit cost over the current fiscal year. 

Contributions made by the Company to the multiemployer pension plans were as follows:

	Three Months Ended December 31,				Six Months Ended December 31,
(In thousands)	2022		2021		2022		2021
Contributions to WCTPP	$	378	$	226	$	665	$	471
Contributions to All Other Plans	8		10		16		17

The following table shows the components of net periodic postretirement benefit cost for the Retiree Medical Plan and Death Benefit Plan for the three and six months ended December 31, 2022 and 2021.

	Three Months Ended December 31,				Six Months Ended December 31,
(In thousands)	2022		2021		2022		2021
Components of Net Periodic Postretirement Benefit Cost:
Service cost	$	—	$	—	$	—	$	—
Interest cost	10		7		19		13
Amortization of net gain	—		3		—		6
Net periodic postretirement benefit cost	$	10	$	10	$	19	$	19

Defined Benefit Plan, Assumptions

Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost

	December 31, 2022	June 30, 2022
Discount rate	4.50%	2.60%
Expected long-term return on plan assets	6.50%	6.25%

Weighted-Average Assumptions Used to Determine Net Periodic Postretirement Benefit Cost 

	Fiscal year
	2023	2022
Retiree Medical Plan discount rate	N/A	N/A
Death Benefit Plan discount rate	4.77%	2.72%