Pension and Postretirement Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2014

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Net Funded Status

The following tables present changes in, and components of, the Company's net assets/liabilities for pension and other postretirement benefits:

	Pension						Postretirement
June 30,	2014			2013			2014			2013
(In thousands)
Change in benefit obligation
Benefit obligation, beginning of year	$	140,549		$	137,287		$	12,302		$	14,975
Service cost	10,196			10,100			170			377
Interest cost	5,604			4,911			480			611
Participant contributions	—			—			842			808
Plan amendments	915			—			(1,732		)	—
Actuarial loss (gain)	4,083			473			(114		)	(2,952		)
Benefits paid (including lump sums)	(8,739		)	(12,222		)	(1,503		)	(1,517		)
Benefit obligation, end of year	$	152,608		$	140,549		$	10,445		$	12,302
Change in plan assets
Fair value of plan assets, beginning of year	$	128,267		$	124,568		$	—		$	—
Actual return on plan assets	25,117			15,329			—			—
Employer contributions	534			592			661			709
Participant contributions	—			—			842			808
Benefits paid (including lump sums)	(8,739		)	(12,222		)	(1,503		)	(1,517		)
Fair value of plan assets, end of year	$	145,179		$	128,267		$	—		$	—
Under funded status, end of year	$	(7,429	)	$	(12,282	)	$	(10,445	)	$	(12,302	)

Pension Plan Assets Fair Value by Asset Category

Fair value measurements for pension assets as of June 30, 2014, were as follows:

June 30, 2014	Total Fair Value		Quoted Prices (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
(In thousands)
Investments in registered investment companies	$	144,619		$	85,509		$	59,110		$	—
Pooled separate accounts	560			—			560			—
Total assets at fair value	$	145,179		$	85,509		$	59,670		$	—

Fair value measurements for pension assets as of June 30, 2013, were as follows:

June 30, 2013	Total Fair Value		Quoted Prices (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
(In thousands)
Investments in registered investment companies	$	127,266		$	74,856		$	52,410		$	—
Pooled separate accounts	1,001			—			1,001			—
Total assets at fair value	$	128,267		$	74,856		$	53,411		$	—

Schedule of Amounts Recognized In Balance Sheet

The following amounts are recognized in the Consolidated Balance Sheets:

	Pension						Postretirement
June 30,	2014			2013				2014			2013
(In thousands)
Other assets
Prepaid benefit cost	$	23,078		$	12,074			$	—		$	—
Accrued expenses-compensation and benefits
Accrued benefit liability	(2,408		)	(1,644		)		(770		)	(837		)
Other noncurrent liabilities
Accrued benefit liability	(28,099		)	(22,712		)		(9,675		)	(11,465		)
Net amount recognized, end of year	$	(7,429	)	$	(12,282	)		$	(10,445	)	$	(12,302	)

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

The following table provides information about pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets:

June 30,	2014		2013
(In thousands)
Projected benefit obligation	$	30,550	$	24,460
Accumulated benefit obligation	26,379		19,732
Fair value of plan assets	44		104

Schedule of Net Benefit Costs

The components of net periodic benefit costs recognized in the Consolidated Statements of Earnings were as follows:

	Pension									Postretirement
Years ended June 30,	2014			2013			2012				2014			2013			2012
(In thousands)
Components of net periodic benefit costs
Service cost	$	10,196		$	10,100		$	9,434			$	170		$	377		$	450
Interest cost	5,604			4,911			5,987				480			611			798
Expected return on plan assets	(9,687		)	(9,465		)	(10,014		)		—			—			—
Prior service cost (credit) amortization	391			359			368				(440		)	(537		)	(536		)
Actuarial loss (gain) amortization	2,030			3,250			1,605				(365		)	—			—
Curtailment credit	—			—			—				(1,511		)	—			—
Net periodic benefit costs (credit)	$	8,534		$	9,155		$	7,380			$	(1,666	)	$	451		$	712

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

Amounts recognized in the accumulated other comprehensive loss component of shareholders' equity for Company-sponsored plans were as follows:

June 30, 2014	Pension		Postretirement				Total
(In thousands)
Unrecognized net actuarial losses (gains), net of taxes	$	9,956		$	(1,716	)	$	8,240
Unrecognized prior service cost (credit), net of taxes	728			(982		)	(254		)
Total	$	10,684		$	(2,698	)	$	7,986

Schedule of Assumptions Used

Benefit obligations were determined using the following weighted average assumptions:

	Pension				Postretirement
June 30,	2014		2013			2014		2013
Weighted average assumptions
Discount rate	3.57	%	3.92	%		4.00	%	4.50	%
Rate of compensation increase	3.50	%	3.50	%		3.50	%	3.50	%
Rate of increase in health care cost levels
Initial level	NA		NA			7.00	%	7.50	%
Ultimate level	NA		NA			5.00	%	5.00	%
Years to ultimate level	NA		NA			4 years		5 years
NA-Not applicable

Net periodic benefit costs were determined using the following weighted average assumptions:

	Pension						Postretirement
Years ended June 30,	2014		2013		2012			2014		2013		2012
Weighted average assumptions
Discount rate	3.92	%	3.50	%	4.65	%		4.50	%	4.10	%	5.25	%
Expected return on plan assets	8.00	%	8.00	%	8.00	%		NA		NA		NA
Rate of compensation increase	3.50	%	3.50	%	4.50	%		3.50	%	3.50	%	4.50	%
Rate of increase in health care cost levels
Initial level	NA		NA		NA			7.50	%	8.00	%	8.50	%
Ultimate level	NA		NA		NA			5.00	%	5.00	%	5.00	%
Years to ultimate level	NA		NA		NA			5 years		6 years		7 years
NA-Not applicable

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

Assumed rates of increase in healthcare cost have a significant effect on the amounts reported for the healthcare plans. A change of one percentage point in the assumed healthcare cost trend rates would have the following effects:

	One Percentage Point Increase			One Percentage Point Decrease
(In thousands)
Effect on service and interest cost components for fiscal 2014		$	35		$	(28	)
Effect on postretirement benefit obligation as of June 30, 2014		434			(362		)

Schedule of Targeted and Weighted Average Asset Allocations by Assets Category for Investments Pension Plans

The targeted and weighted average asset allocations by asset category for investments held by the Company's pension plans are as follows:

	2014 Allocation				2013 Allocation
June 30,	Target		Actual		Target		Actual
Domestic equity securities	35	%	36	%	35	%	34	%
Fixed income investments	30	%	27	%	30	%	28	%
International equity securities	25	%	26	%	25	%	27	%
Global equity securities	10	%	11	%	10	%	11	%
Fair value of plan assets	100	%	100	%	100	%	100	%

Schedule of Expected Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, are expected to be paid:

Years ending June 30,	Pension Benefits			Postretirement Benefits
(In thousands)
2015		$	16,799		$	770
2016		23,081			791
2017		15,805			802
2018		15,696			806
2019		14,935			784
2020-2024		84,791			3,508