XML 46 R39.htm IDEA: XBRL DOCUMENT v3.20.2
Note 12 - Employee Benefit and Retirement Plans (Tables)
12 Months Ended
Jun. 30, 2020
Notes Tables  
Schedule of Allocation of Plan Assets [Table Text Block]
   
20
20
   
201
9
 
Asset category:
               
Cash equivalents
   
4
%
   
2
%
Fixed income
   
27
%
   
31
%
Equities
   
40
%
   
35
%
Mutual and pooled funds
   
29
%
   
32
%
     
100
%
   
100
%
Schedule of Portfolio By Valuation Category [Table Text Block]
June 30, 2020
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Category
 
Level 1
   
Level 2
   
Level 3
   
Total
   
%
 
Cash Equivalents
  $
5,165
    $
-
    $
-
    $
5,165
     
4
%
Fixed Income
   
-
     
32,740
     
-
     
32,740
     
27
%
Equities
   
48,947
     
888
     
-
     
49,835
     
40
%
Mutual & Pooled Funds
   
-
     
30,687
     
-
     
30,687
     
29
%
Total
  $
54,112
    $
64,315
    $
-
    $
118,427
     
100
%
June 30, 201
9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Category
 
Level 1
   
Level 2
   
Level 3
   
Total
   
%
 
Cash Equivalents
  $
1,818
    $
-
    $
-
    $
1,818
     
2
%
Fixed Income
   
-
     
38,232
     
-
     
38,232
     
31
%
Equities
   
41,629
     
1,482
     
-
     
43,111
     
35
%
Mutual & Pooled Funds
   
2,362
     
36,510
     
-
     
38,872
     
32
%
Total
  $
45,809
    $
76,224
    $
-
    $
122,033
     
100
%
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
   
20
20
   
201
9
   
201
8
 
Change in benefit obligation
                       
Benefit obligation at beginning of year
  $
169,680
    $
159,213
    $
169,696
 
Interest cost
   
5,417
     
6,013
     
6,077
 
Exchange rate changes
   
(1,013
)
   
(1,697
)
   
707
 
Benefits paid
   
(7,203
)
   
(7,217
)
   
(6,489
)
Actuarial (gain) loss
   
17,309
     
13,368
     
(10,778
)
Benefit obligation at end of year
  $
184,190
    $
169,680
    $
159,213
 
                         
Change in plan assets
                       
Fair value of plan assets at beginning of year
   
122,033
     
118,693
     
117,778
 
Actual return on plan assets
   
2,163
     
6,589
     
2,545
 
Employer contributions
   
7,687
     
5,413
     
4,366
 
Benefits paid
   
(7,203
)
   
(7,217
)
   
(6,489
)
Exchange rate changes
   
(845
)
   
(1,445
)
   
493
 
Fair value of plan assets at end of year
   
123,826
     
122,033
     
118,693
 
Funded status at end of year
  $
(60,364
)
  $
(47,647
)
  $
(40,520
)
Amounts recognized in balance sheet
                       
Current liability
  $
(373
)
  $
(324
)
  $
(67
)
Noncurrent liability
   
(59,991
)
   
(47,323
)
   
(40,453
)
Net amount recognized in balance sheet
  $
(60,364
)
  $
(47,647
)
  $
(40,520
)
                         
Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss
                       
Accumulated loss
  $
(19,113
)
  $
(15,590
)
  $
(4,038
)
Amounts not yet recognized as a component of net periodic benefit cost
   
(19,113
)
   
(15,590
)
   
(4,038
)
Accumulated net periodic benefit cost in excess of contributions
   
(41,249
)
   
(32,057
)
   
(36,482
)
Net amount recognized
  $
(60,634
)
  $
(47,647
)
  $
(40,520
)
                         
                         
                         
Components of net periodic benefit cost
                       
Interest cost
  $
5,417
    $
6,013
    $
6,077
 
Expected return on plan assets
   
(5,193
)
   
(5,129
)
   
(5,140
)
Recognized actuarial loss
   
16,753
     
284
     
26
 
Net periodic benefit cost
  $
16,977
    $
1,168
    $
963
 
                         
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
                       
Net loss
  $
(53
)
  $
(38
)
  $
(28
)
                         
Information for pension plans with accumulated benefits in excess of plan assets
                       
Projected benefit obligation
  $
184,190
    $
169,680
    $
159,213
 
Accumulated benefit obligation
  $
184,190
    $
169,680
    $
159,213
 
Fair value of assets
  $
123,826
    $
122,033
    $
118,693
 
   
20
20
   
201
9
   
201
8
 
Change in benefit obligation
                       
Benefit obligation at beginning of year
  $
126,380
    $
116,277
    $
124,138
 
Service cost
   
-
     
-
     
-
 
Interest cost
   
4,417
     
4,854
     
4,804
 
Plan curtailment
   
-
     
-
     
-
 
Benefits paid
   
(5,682
)
   
(5,565
)
   
(4,786
)
Actuarial (gain) loss
   
13,016
     
10,814
     
(7,879
)
Benefit obligation at end of year
  $
138,131
    $
126,380
    $
116,277
 
                         
Weighted average assumptions – benefit obligation
                       
Discount rate
   
2.73
%
   
3.56
%
   
4.27
%
Rate of compensation increase
   
n/a
     
n/a
     
n/a
 
                         
Change in plan assets
                       
Fair value of plan assets at beginning of year
  $
85,150
    $
82,140
    $
81,928
 
Actual return on plan assets
   
1,071
     
4,132
     
1,645
 
Employer contributions
   
6,753
     
4,443
     
3,353
 
Benefits paid
   
(5,682
)
   
(5,565
)
   
(4,786
)
Fair value of plan assets at end of year
   
87,292
     
85,150
     
82,140
 
Funded status at end of year
  $
(50,839
)
  $
(41,230
)
  $
(34,137
)
                         
Amounts recognized in balance sheet
                       
Current liability
  $
(373
)
  $
(324
)
  $
(67
)
Noncurrent liability
   
(50,466
)
   
(40,906
)
   
(34,070
)
Net amount recognized in balance sheet
  $
(50,839
)
  $
(41,230
)
  $
(34,137
)
                         
Weighted average assumptions – net periodic benefit cost
                       
Discount rate
   
3.56
%
   
4.27
%
   
3.92
%
Rate of compensation increase
 
Varies
   
Varies
   
Varies
 
Return on plan assets
   
5.00
%
   
5.00
%
   
5.00
%
                         
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss
                       
Accumulated loss
  $
(14,507
)
  $
(13,196
)
  $
(2,731
)
Amounts not yet recognized as a component of net periodic benefit cost
   
(14,507
)
   
(13,196
)
   
(2,731
)
Accumulated contributions less than net periodic benefit cost
   
(36,332
)
   
(28,034
)
   
(31,406
)
Net amount recognized
  $
(50,839
)
  $
(41,230
)
  $
(34,137
)
Components of net periodic benefit cost
                       
Interest cost
  $
4,417
    $
4,854
    $
4,804
 
Expected return on plan assets
   
(4,249
)
   
(4,067
)
   
(4,026
)
Recognized actuarial loss
   
14,883
     
284
     
26
 
Net periodic benefit cost
  $
15,051
    $
1,071
    $
804
 
                         
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
                       
Net loss
   
(38
)
   
(38
)
   
(28
)
                         
Information for plan with accumulated benefits in excess of plan assets
                       
Projected benefit obligation
  $
138,131
    $
126,380
    $
116,277
 
Accumulated benefit obligation
  $
138,131
    $
126,380
    $
116,277
 
Fair value of assets
  $
87,292
    $
85,150
    $
82,140
 
   
20
20
   
201
9
   
201
8
 
Change in benefit obligation
                       
Benefit obligation at beginning of year
  $
43,300
    $
42,936
    $
45,558
 
Interest cost
   
1,000
     
1,159
     
1,273
 
Exchange rate changes
   
(1,013
)
   
(1,697
)    
707
 
Benefits paid
   
(1,521
)
   
(1,652
)
   
(1,703
)
Actuarial (gain) loss
   
4,293
     
2,554
     
(2,899
)
Benefit obligation at end of year
  $
46,059
    $
43,300
    $
42,936
 
Weighted average assumptions - benefit obligation
                       
Discount rate
   
1.59
%
   
2.39
%
   
2.80
%
Rate of compensation increase
   
n/a
     
n/a
     
n/a
 
                         
Change in plan assets
                       
Fair value of plan assets at beginning of year
  $
36,883
    $
36,553
    $
35,850
 
Actual return on plan assets
   
1,092
     
2,457
     
900
 
Employer contributions
   
934
     
970
     
1,013
 
Benefits paid
   
(1,521
)
   
(1,652
)
   
(1,703
)
Exchange rate changes
   
(854
)
   
(1,445
)
   
493
 
Fair value of plan assets at end of year
   
36,534
     
36,883
     
36,553
 
Funded status at end of year
  $
(9,525
)
  $
(6,417
)
   
(6,383
)
Amounts recognized in balance sheet
                       
Noncurrent liability
   
(9,525
)
   
(6,417
)
   
(6,383
)
Net amount recognized in balance sheet
  $
(9,525
)
  $
(6,417
)
  $
(6,383
)
                         
Weighted average assumptions – net periodic benefit cost
                       
                         
Discount rate
   
2.39
%
   
2.80
%
   
2.73
%
Rate of compensation increase
   
n/a
     
n/a
     
n/a
 
Return on plan assets
   
2.62
%
   
2.98
%
   
3.01
%
                         
Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss
                       
Accumulated loss
  $
(4,608
)
  $
(2,394
)
  $
(1,307
)
Amounts not yet recognized as a component of net periodic benefit cost
   
(4,608
)
   
(2,394
)
   
(1,307
)
Accumulated net periodic benefit cost in excess of contributions
   
(4,917
)
   
(4,023
)
   
(5,076
)
Net amount recognized
  $
(9,525
)
  $
(6,417
)
  $
(6,383
)
                         
                         
                         
Components of net periodic benefit cost
                       
Interest cost
   
1,000
     
1,159
     
1,273
 
Expected return on plan assets
   
(944
)
   
(1,062
)
   
(1,114
)
Amortization of net loss
   
1,870
     
     
 
Net periodic benefit cost
  $
1,926
    $
97
    $
159
 
                         
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
  $
-
    $
-
    $
-
 
                         
Information for plan with accumulated benefits in excess of plan assets
                       
Projected benefit obligation
  $
46,059
    $
43,300
    $
42,936
 
Accumulated benefit obligation
  $
46,059
    $
43,300
    $
42,936
 
Fair value of assets
  $
36,534
    $
36,883
    $
36,553
 
Schedule of Medical and Life Insurance Benefits [Table Text Block]
   
20
20
   
201
9
   
201
8
 
Change in benefit obligation:
                       
Benefit obligation at beginning of year
  $
6,930
    $
6,385
    $
7,086
 
Service cost
   
73
     
72
     
85
 
Interest cost
   
240
     
265
     
270
 
Benefits paid
   
(329
)
   
(346
)
   
(388
)
Actuarial (gain) loss
   
791
     
554
     
(668
)
Benefit obligation at end of year
  $
7,705
    $
6,930
    $
6,385
 
                         
Weighted average assumptions: benefit obligations
                       
Discount rate
   
2.73
%
   
3.56
%
   
4.27
%
Rate of compensation increase
   
2.64
%
   
2.64
%
   
2.64
%
                         
Change in plan assets
                       
Employer contributions
   
329
     
346
     
388
 
Benefits paid, net of employee contributions
   
(329
)
   
(346
)
   
(388
)
Fair value of plan assets at end of year
   
     
     
 
                         
Amounts recognized in balance sheet
                       
Current postretirement benefit obligation
  $
(358
)
  $
(353
)
  $
(339
)
Non-current postretirement benefit obligation
   
(7,347
)
   
(6,577
)
   
(6,046
)
Net amount recognized in balance sheet
  $
(7,705
)
  $
(6,930
)
  $
(6,385
)
                         
Weighted average assumptions – net periodic benefit cost
                       
Discount rate
   
3.56
%
   
4.27
%
   
3.92
%
Rate of compensation increase
   
2.64
%
   
2.64
%
   
2.64
%
                         
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss
                       
Prior service credit
  $
2,240
    $
2,777
    $
3,314
 
Accumulated gain (loss)
   
(2,160
)
   
(1,452
)
   
(928
)
Amounts not yet recognized as a component of net periodic benefit cost
   
80
     
1,325
     
2,386
 
Net periodic benefit cost in excess of accumulated contributions
   
(7,785
)
   
(8,255
)
   
(8,771
)
Net amount recognized
  $
(7,705
)
  $
(6,390
)
  $
(6,385
)
Components of net periodic benefit cost
                       
Service cost
  $
73
    $
72
    $
85
 
Interest cost
   
240
     
265
     
270
 
Amortization of prior service credit
   
(537
)
   
(537
)
   
(537
)
Amortization of accumulated loss
   
83
     
30
     
99
 
Net periodic benefit cost
  $
(141
)
  $
(170
)
  $
(83
)
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
                       
Prior service credit
  $
537
    $
537
    $
537
 
Net loss
   
(166
)
   
(83
)
   
(30
)
    $
371
    $
454
    $
507
 
                         
Healthcare cost trend rate assumed for next year
   
n/a
     
6.60
%
   
6.60
%
Rate to which the cost trend rate gradually declines
   
n/a
     
4.50
%
   
4.50
%
Year that the rate reaches the rate at which it is assumed to remain
   
n/a
     
2037
     
2037
 
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
   
1% Increase
 
   
20
20
   
201
9
   
201
8
 
Effect on postretirement benefit obligation
  $
1
    $
1
    $
1
 
   
1% Decrease
 
   
20
20
   
201
9
   
201
8
 
Effect on postretirement benefit obligation
  $
(1
)
  $
(1
)
  $
(1
)
Schedule of Expected Benefit Payments [Table Text Block]
Fiscal Year
 
Pension
   
Other
Benefits
 
2021
  $
7,913
    $
358
 
2022
   
8,250
     
363
 
2023
   
8,610
     
353
 
2024
   
8,643
     
358
 
2025
   
9,150
     
364
 
After
   
56,032
     
1,889
 
    $
98,598
    $
3,685