XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
Discontinued Operations
6 Months Ended
Dec. 31, 2021
Discontinued Operations And Disposal Groups [Abstract]  
Discontinued Operations

Note 3. – Discontinued Operations

 

Sold Hospitals and Nursing Home– Subsidiaries of the Company have sold substantially all the assets of five hospitals (“Sold Facilities”) during the period July 2, 2012 to March 17, 2019. The loss before income taxes of the Sold Facilities results primarily from the effects of retained professional liability insurance and claims expenses and settlement of a lawsuit.

 

Life Sciences and Engineering Segment —SunLink retained a defined benefit retirement plan which covered substantially all the employees of this segment when the segment was sold in fiscal 1998. Effective February 28, 1997, the plan was amended to freeze participant benefits and close the plan to new participants. Pension expense and related tax benefit or expense is reflected in the results of operations for this segment for the three and six months ended December 31, 2021 and 2020, respectively.

The components of pension expense for the three and six months ended December 31, 2021 and 2020, respectively, were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Interest Cost

 

$

10

 

 

$

10

 

 

$

21

 

 

$

20

 

Expected return on assets

 

 

(11

)

 

 

(9

)

 

 

(22

)

 

 

(18

)

Amortization of prior service cost

 

 

12

 

 

 

19

 

 

 

23

 

 

 

38

 

Net pension expense

 

$

11

 

 

$

20

 

 

$

22

 

 

$

40

 

 

 

SunLink contributed $50  to the plan in the six months ended December 31, 2021 and expects to contribute an additional $50 during the last two fiscal quarters of the fiscal year ending June 30, 2022.