Pension and Other Postretirement Benefits

3 Months Ended

Sep. 30, 2023

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)	2023		2022
Service cost	$	297	$	238
Interest cost	8,907		8,040
Expected return on plan assets	(11,161)		(10,026)
Amortization of transition obligation	19		21
Amortization of prior service cost	(1)		2
Recognition of actuarial losses	1,444		1,105
Net periodic pension income	$	(495)	$	(620)

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

	Three Months Ended September 30,
(in thousands)	2023		2022
Interest cost	$	107	$	104
Amortization of prior service credit	(63)		(68)
Recognition of actuarial loss	34		48
Net periodic other postretirement benefit cost	$	78	$	84

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 expense, net.