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Employee Benefits (Tables)
12 Months Ended
Jun. 30, 2023
Postemployment Benefits [Abstract]  
Components of Net Pension Expense for All Plans

The components of net pension expense for all plans (comprised solely of one domestic plan) were as follows for the fiscal years ended June 30, 2023 and 2022:

 

 

 

2023

 

 

2022

 

Service cost

 

$

0

 

 

$

0

 

Interest cost

 

 

52

 

 

 

42

 

Expected return on assets

 

 

(43

)

 

 

(44

)

Amortization of prior service cost

 

 

0

 

 

 

46

 

Settlement cost

 

 

(8

)

 

 

0

 

Net pension expense

 

$

1

 

 

$

44

 

Weighted-average assumptions:

 

 

 

 

 

 

Discount rate

 

 

4.50

%

 

 

2.80

%

Expected return on plan assets

 

 

4.00

%

 

 

4.00

%

Rate of compensation increase

 

 

0.00

%

 

 

0.00

%

Summary Information for Plans (Comprised Solely of One Domestic Plan)

Summary information for the plans (comprised solely of one domestic plan) is as follows for the fiscal years ended June 30, 2023 and 2022:

 

 

 

2023

 

 

2022

 

Change in Benefit Obligation:

 

 

 

 

 

 

Benefit obligation at beginning of year

 

$

1,172

 

 

$

1,535

 

Interest cost

 

 

52

 

 

 

42

 

Actuarial (gain) loss

 

 

(67

)

 

 

(378

)

Benefits paid

 

 

(332

)

 

 

(27

)

Effect of settlements

 

 

23

 

 

 

0

 

Benefit obligation end of year

 

$

848

 

 

$

1,172

 

Change in Fair Value of Plan Assets:

 

 

 

 

 

 

Beginning fair value

 

$

1,041

 

 

$

1,080

 

Actual return (loss) on plan assets

 

 

51

 

 

 

(112

)

Employer contribution

 

 

88

 

 

 

100

 

Benefits paid

 

 

(332

)

 

 

(27

)

Plan assets at end of year

 

$

848

 

 

$

1,041

 

Funded status of the plans

 

 

0

 

 

 

(131

)

Unrecognized actuarial (gain) loss

 

 

(20

)

 

 

24

 

Accrued benefit cost

 

$

(20

)

 

$

(107

)

Amounts Recognized in Consolidated Balance Sheets

 

 

 

 

 

 

Accrued benefit cost

 

 

(20

)

 

 

(107

)

Accumulated other comprehensive (gain) loss*

 

 

(20

)

 

 

24

 

Net amount recognized

 

$

0

 

 

$

(131

)

 

* Accumulated other comprehensive loss represents minimum pension liability adjustments.