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Employee Deferred Savings Plan
9 Months Ended
Mar. 31, 2020
Postemployment Benefits [Abstract]  
Employee Deferred Savings Plan

 

(15)

EMPLOYEE DEFERRED SAVINGS PLAN

The Company has a deferred savings plan which qualifies under Section 401(k) of the Internal Revenue Code. Substantially all of the Company’s U.S. employees are covered by the plan. The Company makes matching contributions of 50% of each employee’s contribution with the employer’s contribution not to exceed 4% of the employee’s compensation. Subsequent to the quarter ended March 31, 2020, the Company temporarily suspended its matching contributions. The Company recorded contributions to the plan as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Deferred savings plan contributions

 

$

2.2

 

 

$

2.3

 

 

$

6.8

 

 

$

6.0