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Pension and Other Postretirement Benefits
 9 Months Ended
Mar. 31, 2020
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS
The table below summarizes the components of net periodic pension income:
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
(in thousands)
2020
 
2019
 
2020
 
2019
Service cost
$
452

 
$
406

 
$
1,346

 
$
1,224

Interest cost
6,848

 
7,979

 
20,504

 
23,939

Expected return on plan assets
(13,539
)
 
(13,456
)
 
(40,491
)
 
(40,352
)
Amortization of transition obligation
23

 
23

 
67

 
68

Amortization of prior service cost (credit)
13

 
(5
)
 
38

 
(15
)
Recognition of actuarial losses
2,597

 
1,682

 
7,777

 
5,056

Settlement gain
—

 
—

 
(122
)
 
—

Net periodic pension income
$
(3,606
)
 
$
(3,371
)
 
$
(10,881
)
 
$
(10,080
)

The table below summarizes the components of net periodic other postretirement benefit cost:
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
(in thousands)
2020
 
2019
 
2020
 
2019
Interest cost
$
101

 
$
153

 
$
303

 
$
460

Amortization of prior service credit
(69
)
 
(22
)
 
(207
)
 
(68
)
Recognition of actuarial loss
64

 
62

 
193

 
186

Net periodic other postretirement benefit cost
$
96

 
$
193

 
$
289

 
$
578



The service cost component of net periodic pension income is reported as a component of cost of goods sold and operating expense. All other components of net periodic pension income and net periodic other postretirement benefit cost are reported as a component of other income, net.