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Employee Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Schedule of Expected Benefit Payments
The following table reflects the total pension benefits expected to be paid from the Plan, which is funded from contributions by participants and the Company.
Fiscal Year
 
Total
2020
 
$
761

2021
 
733

2022
 
883

2023
 
1,197

2024
 
1,040

Thereafter (next 5 years)
 
5,529

Total
 
$
10,143


Schedule of Net Benefit Costs
The following table outlines the components of net periodic benefit cost of the Plan for the year ended June 30, 2019 and 2018:
 
Year Ended June 30,
 
2019
 
2018
Service cost
$
903

 
$
835

Interest cost
156

 
121

Expected return on assets
(183
)
 
(162
)
Amortization of prior service cost
(61
)
 
39

Net periodic benefit cost
$
815

 
$
833


Schedule of Assumptions Used
The following table reflects the related actuarial assumptions used to determine net periodic benefit cost of the Plan for the year ended June 30, 2019 and 2018:
 
Year Ended June 30,
 
2019
 
2018
Discount rate
0.50
%
 
0.85
%
Expected rate of return on Plan assets
1.50
%
 
1.50
%
Expected inflation
1.20
%
 
1.20
%
Rate of compensation increases
1.50
%
 
1.20
%

Schedule of Changes in Projected Benefit Obligations The following table presents the change in projected benefit obligation for the periods presented:
 
Year Ended June 30,
 
2019
 
2018
Projected benefit obligation, beginning
$
18,127

 
$
17,526

Service cost
903

 
835

Interest cost
156

 
121

Employee contributions
3,577

 
1,931

Actuarial gain
2,859

 
466

Benefits paid
(1,607
)
 
(1,215
)
Plan amendment

 
(941
)
Foreign exchange loss (gain)
259

 
(596
)
Projected benefit obligation at end of year
$
24,274

 
$
18,127


Schedule of Changes in Fair Value of Plan Assets
The following table presents the change in Plan assets for the periods presented:
 
Year Ended June 30,
 
2019
 
2018
Fair value of Plan assets, beginning
$
12,029

 
$
10,925

Actual return on Plan assets
167

 
167

Company contributions
741

 
608

Employee contributions
3,577

 
1,931

Benefits paid
(1,607
)
 
(1,215
)
Foreign exchange gain (loss)
181

 
(387
)
Fair value of Plan assets at end of year
$
15,088

 
$
12,029


Schedule of Net Funded Status
The following table presents the Company's reconciliation of funded status for the period presented:
 

June 30, 2019
 

June 30, 2018
Projected benefit obligation at end of year
$
24,274

 
$
18,127

Fair value of plan assets at end of year
15,088

 
12,029

Funded status
$
(9,186
)
 
$
(6,098
)