Pension and Other Postretirement Benefits

6 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFITS

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

	Three Months Ended December 31,				Six Months Ended December 31,
(in thousands)	2021		2020		2021		2020
Service cost	$	281	$	419	$	567	$	836
Interest cost	5,641		5,783		11,300		11,557
Expected return on plan assets	(12,999)		(13,365)		(26,035)		(26,711)
Amortization of transition obligation	24		23		48		45
Amortization of prior service cost	3		8		5		17
Recognition of actuarial losses	2,941		3,386		5,911		6,758
Net periodic pension income	$	(4,109)	$	(3,746)	$	(8,204)	$	(7,498)

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

	Three Months Ended December 31,				Six Months Ended December 31,
(in thousands)	2021		2020		2021		2020
Interest cost	$	72	$	76	$	144	$	153
Amortization of prior service credit	(69)		(69)		(138)		(138)
Recognition of actuarial loss	74		77		148		154
Net periodic other postretirement benefit cost	$	77	$	84	$	154	$	169

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.