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Note N - Pension and Other Postretirement Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Net Benefit Costs [Table Text Block]
  

Year Ended June 30

 
  

Pension Benefits

  

Other Postretirement Benefits

 

Components of net periodic benefit income:

 

2024

  

2023

  

2024

  

2023

 

Service cost

 $373  $338  $8  $10 

Interest cost

  3,609   3,570   191   213 

Prior service cost

  -   20   -   - 

Expected return on plan assets

  (4,283)  (4,240)  -   - 

Amortization of transition obligation

  38   38   -   - 

Amortization of prior service cost (benefit)

  35   (100)  (708)  (314)

Amortization of actuarial net loss

  65   2,451   -   - 

Modified mark-to market effect

  -   (2,428)  -   - 

Net periodic benefit income

 $(163) $(351) $(509) $(91)
  

Pension Benefits

 
  

2024

  

2023

 

Service cost

 $373  $338 

Interest cost

  3,609   3,570 

Prior service cost

  -   20 

Expected return on plan assets

  (4,283)  (4,240)

Amortization of transition obligation

  38   38 

Amortization of prior service cost (benefit)

  35   (100)

Amortization of actuarial net loss

  65   23 
         

Net periodic benefit income

 $(163) $(351)
  

Other Postretirement Benefits

 
  

2024

  

2023

 

Service cost

 $8  $10 

Interest cost

  191   213 

Amortization of prior service benefit

  (708)  (314)
         

Net periodic benefit income

 $(509) $(91)
Schedule of Net Funded Status [Table Text Block]
          

Other

 
  

Pension

  

Postretirement

 
  

Benefits

  

Benefits

 
  

2024

  

2023

  

2024

  

2023

 

Change in benefit obligation:

                

Benefit obligation, beginning of year

 $72,242  $79,549  $3,685  $4,785 

Service cost

  373   340   8   10 

Interest cost

  3,609   3,571   191   213 

Prior service cost

  -   20   -   - 

Actuarial loss (gain)

  254   (3,361)  (166)  (633)

Contributions by plan participants

  116   112   -   - 

Benefits paid

  (8,484)  (7,989)  (549)  (690)

Benefit obligation, end of year

 $68,110  $72,242  $3,169  $3,685 
                 

Change in plan assets:

                

Fair value of assets, beginning of year

 $67,338  $73,338  $-  $- 

Actual return on plan assets

  3,101   1,141   -   - 

Employer contribution

  589   736   549   690 

Contributions by plan participants

  116   112   -   - 

Benefits paid

  (8,484)  (7,989)  (549)  (690)

Fair value of assets, end of year

 $62,660  $67,338  $-  $- 
                 

Funded status

 $(5,450) $(4,904) $(3,169) $(3,685)
                 

Amounts recognized in the balance sheet consist of:

             

Other assets - noncurrent

 $-  $28  $-  $- 

Accrued liabilities - current

  (260)  (308)  (505)  (701)

Accrued retirement benefits - noncurrent

  (5,190)  (4,624)  (2,664)  (2,984)

Net amount recognized

 $(5,450) $(4,904) $(3,169) $(3,685)
                 

Amounts recognized in accumulated other comprehensive loss consist of (net of tax):

         

Net transition obligation

 $53  $83  $-  $- 

Prior service benefit

  (145)  (42)  -   (67)

Actuarial net loss (gain)

  8,768   7,064   (614)  (1,090)

Net amount recognized

 $8,676  $7,105  $(614) $(1,157)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
      

Other

 
  

Pension

  

Postretirement

 
  

Benefits

  

Benefits

 

Net transition obligation

 $96  $- 

Prior service benefit

  (32)  - 

Actuarial net loss (gain)

  239   (262)

Net amount to be recognized

 $303  $(262)
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block]
  

June 30

 
  

2024

  

2023

 

Projected and accumulated benefit obligation

 $64,286  $67,808 

Fair value of plan assets

  58,839   62,876 
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
      

Other

 
      

Postretirement

 
  

Pension

  

Benefits

 

Net loss (income)

 $1,656  $(165)

Amortization of transition asset

  (38)  - 

Amortization of prior service (benefit) cost

  (34)  88 

Amortization of net (income) loss

  (64)  620 

Total recognized in other comprehensive loss

  1,520   543 

Net periodic benefit income

  (163)  (509)

Total recognized in net periodic benefit income and other comprehensive loss

 $1,357  $34 
       

Other

 
       

Postretirement

 
  

Pension

   

Benefits

 

Net income

 $(307)  $(633)

Amortization of transition asset

  (38)   - 

Amortization of prior service cost

  99    275 

Amortization of net (income) loss

  (23)

 

  39 

Total recognized in other comprehensive income

  (269)   (319)

Net periodic benefit income

  (351)   (91)

Total recognized in net periodic benefit income and other comprehensive income

 $(620)  $(410)
Defined Benefit Plan, Assumptions [Table Text Block]
          

Other

 
  

Pension Benefits

  

Postretirement Benefits

 

Weighted average assumptions used to determine benefit obligations at June 30

                
  

2024

  

2023

  

2024

  

2023

 

Discount rate

  5.25%  5.29%  5.66%  5.74%

Expected return on plan assets

  6.54%  6.65%        
          

Other

 
  

Pension Benefits

  

Postretirement Benefits

 

Weighted average assumptions used to determine net periodic benefit costs for years ended June 30

                
  

2024

  

2023

  

2024

  

2023

 

Discount rate

  5.07%  5.02%  5.74%  4.83%

Expected return on plan assets

  6.47%  6.42%        
Schedule of Plan Weighted Average Assets Allocations [Table Text Block]
  

Target

  June 30 

Asset Category

 

Allocation

  

2024

  

2023

 

Equity securities

  38%   19%   40% 

Debt securities

  55%   71%   49% 

Real estate

  7%   10%   11% 
   100%   100%   100% 
Schedule of Allocation of Plan Assets [Table Text Block]
  

Total

  

Level I

  

Level II

  

Level III

 

Cash and cash equivalents

 $647  $647  $-  $- 

Equity securities:

                

Company common stock (a)

  1,157   1,157   -   - 

Common stock (a)

  1,479   1,479   -   - 

Mutual funds (b)

  4,261   4,261   -   - 

Annuity contracts (c)

  6,264   -   -   6,264 

Total

 $13,808  $7,544  $-  $6,264 

Investments Measured at Net Asset Value (d)

  48,852             

Total

 $62,660             
  

Total

  

Level I

  

Level II

  

Level III

 

Cash and cash equivalents

 $858  $858  $-  $- 

Equity securities:

                

Company common stock (a)

  1,106   1,106   -   - 

Common stock (a)

  9,590   9,590   -   - 

Mutual funds (b)

  3,112   3,112   -   - 

Annuity contracts (c)

  6,688   -   -   6,688 

Total

 $21,354  $14,666  $-  $6,688 

Investments Measured at Net Asset Value (d)

  45,984             

Total

 $67,338             
  

2024

  

2023

 

Fixed income funds

 $35,089  $29,057 

International equity securities

  1,808   2,251 

Real estate

  5,209   6,315 

Hedged equity mutual funds

  6,746   8,361 

Total

 $48,852  $45,984 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
  

2024

  

2023

 

Beginning balance

 $6,688  $6,302 

Actual return on plan assets:

        

Relating to assets still held at reporting date

  605   184 

Purchases, sales and settlements, net

  (1,029)  203 

Ending balance

 $6,264  $6,688 
Schedule of Expected Benefit Payments [Table Text Block]
      

Other

 
  

Pension

  

Postretirement

 
  

Benefits

  

Benefits

 
         

2025

 $7,593  $519 

2026

  6,910   467 

2027

  6,805   431 

2028

  6,769   396 

2029

  6,061   356 

Years 2029 - 2033

  30,967   1,234