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Employee Benefits (Tables)
12 Months Ended
Jun. 30, 2019
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, 2019 and 2018:

 

 

 

2019

 

 

2018

 

Service cost

 

$

0

 

 

$

0

 

Interest cost

 

 

56

 

 

 

55

 

Expected return on assets

 

 

(36

)

 

 

(36

)

Amortization of prior service cost

 

 

78

 

 

 

125

 

Settlement cost

 

 

39

 

 

 

15

 

Net pension expense

 

$

137

 

 

$

159

 

Weighted-average assumptions:

 

 

 

 

 

 

 

 

Discount rate

 

 

4.10

%

 

 

3.80

%

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, 2019 and 2018:

 

 

2019

 

 

2018

 

Change in Benefit Obligation:

 

 

 

 

 

 

 

 

Benefit obligation at beginning of year

 

$

1,420

 

 

$

1,506

 

Interest cost

 

 

56

 

 

 

55

 

Actuarial (gain)loss

 

 

90

 

 

 

(47

)

Benefits paid

 

 

(176

)

 

 

(94

)

Benefit obligation end of year

 

$

1,390

 

 

$

1,420

 

Change in Fair Value of Plan Assets:

 

 

 

 

 

 

 

 

Beginning fair value

 

$

895

 

 

$

891

 

Actual return on plan assets

 

 

1

 

 

 

(2

)

Employer contribution

 

 

107

 

 

 

100

 

Benefits paid

 

 

(176

)

 

 

(94

)

Plan assets at end of year

 

$

827

 

 

$

895

 

Funded status of the plans

 

 

(563

)

 

 

(525

)

Unrecognized actuarial loss

 

 

384

 

 

 

376

 

Prepaid (accrued) benefit cost

 

$

(179

)

 

$

(149

)

Amounts Recognized in Consolidated Balance Sheets

 

 

 

 

 

 

 

 

Prepaid (accrued) benefit cost

 

 

(179

)

 

 

(149

)

Accumulated other comprehensive loss*

 

 

384

 

 

 

376

 

Net amount recognized

 

$

(563

)

 

$

(525

)