Pension and Other Postretirement Benefits

3 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFITS

The table below summarizes the components of net periodic pension income:

	Three Months Ended September 30,
(in thousands)	2020		2019
Service cost	$	416	$	450
Interest cost	5,775		6,824
Expected return on plan assets	(13,346)		(13,456)
Amortization of transition obligation	23		22
Amortization of prior service cost	8		12
Recognition of actuarial losses	3,372		2,595
Settlement gain	—		(122)
Net periodic pension income	$	(3,752)	$	(3,675)

The table below summarizes the components of net periodic other postretirement benefit cost:

	Three Months Ended September 30,
(in thousands)	2020		2019
Interest cost	$	76	$	101
Amortization of prior service credit	(69)		(69)
Recognition of actuarial loss	77		64
Net periodic other postretirement benefit cost	$	84	$	96

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.