Pension and Other Postretirement Benefits

9 Months Ended

Mar. 31, 2024

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)	2024		2023		2024		2023
Service cost	$	298	$	243	$	888	$	718
Interest cost	8,901		8,085		26,665		24,127
Expected return on plan assets	(11,156)		(10,045)		(33,442)		(30,054)
Amortization of transition obligation	19		21		57		62
Amortization of prior service (credit) cost	(1)		1		(4)		4
Recognition of actuarial losses	1,442		1,117		4,315		3,314
Net periodic pension income	$	(497)	$	(578)	$	(1,521)	$	(1,829)

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)	2024		2023		2024		2023
Interest cost	$	106	$	104	$	318	$	312
Amortization of prior service credit	(63)		(68)		(190)		(203)
Recognition of actuarial loss	35		48		106		144
Net periodic other postretirement benefit cost	$	78	$	84	$	234	$	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) expense, net.