Pension and Other Postretirement Benefits

9 Months Ended

Mar. 31, 2022

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)	2022		2021		2022		2021
Service cost	$	279	$	429	$	846	$	1,264
Interest cost	5,631		5,815		16,931		17,371
Expected return on plan assets	(12,985)		(13,459)		(39,020)		(40,171)
Amortization of transition obligation	23		24		71		70
Amortization of prior service cost	3		8		9		25
Recognition of actuarial losses	2,918		3,431		8,829		10,190
Net periodic pension income	$	(4,131)	$	(3,752)	$	(12,334)	$	(11,251)

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)	2022		2021		2022		2021
Interest cost	$	72	$	76	$	216	$	230
Amortization of prior service credit	(69)		(69)		(207)		(207)
Recognition of actuarial loss	74		77		223		230
Net periodic other postretirement benefit cost	$	77	$	84	$	232	$	253

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.