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EMPLOYEE BENEFITS (Tables)
12 Months Ended
Jun. 30, 2014
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:

 

     Years Ended June 30,  
     2014     2013     2012  

Service cost

   $ 0      $ 0      $ 0   

Interest cost

     59        68        74   

Expected return on assets

     (30     (40     (41

Amortization of prior service cost

     129        108        55   

Settlement cost

     0        118        0   
  

 

 

   

 

 

   

 

 

 

Net pension expense

   $ 158      $ 254      $ 88   
  

 

 

   

 

 

   

 

 

 

Weighted -average assumptions:

      

Discount rate

     4.50     4.50     6.50

Expected return on plan assets

     4.00     4.00     4.00

Rate of compensation increase

     0.00     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:

 

     2014     2013  

Change in Benefit Obligation:

    

Benefit obligation at beginning of year

   $ 1,353      $ 1,536   

Interest cost

     59        68   

Actuarial loss

     0        41   

Benefits paid

     (46     (292
  

 

 

   

 

 

 

Benefit obligation end of year

   $ 1,366      $ 1,353   
  

 

 

   

 

 

 

Change in Fair Value of Plan Assets:

    

Beginning fair value

   $ 737      $ 985   

Actual return on plan assets

     17        1   

Employer contribution

     108        43   

Benefits paid

     (46     (292
  

 

 

   

 

 

 

Plan assets at end of year

   $ 816      $ 737   
  

 

 

   

 

 

 

Funded status of the plans

     (549     (616

Unrecognized actuarial loss

     535        652   
  

 

 

   

 

 

 

Prepaid (accrued) benefit cost

   $ (14   $ 36   
  

 

 

   

 

 

 

Amounts Recognized in Consolidated Balance Sheets

    

Prepaid (accrued) benefit cost

     (14     36   

Accumulated other comprehensive loss*

     535        652   
  

 

 

   

 

 

 

Net amount recognized

   $ (549   $ (616
  

 

 

   

 

 

 

 

*  

Accumulated other comprehensive income represents pretax minimum pension liability adjustments.