Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2022

Employee Benefit Plans

Schedule of changes in projected benefit obligation, plan assets and the funded status

For the Year Ended June 30	2022		2021
Change in projected benefit obligation
Projected benefit obligation at beginning of year	$	77,915	$	79,353
Interest cost		1,675		1,682
Benefits paid		(2,426)		(2,260)
Actuarial gain		(14,085)		(860)
Projected benefit obligation at end of year	$	63,079	$	77,915

For the Year Ended June 30	2022		2021
Change in plan assets
Fair value of plan assets at beginning of year	$	79,099	$	75,791
Actual return on plan assets		(15,387)		4,838
Employer contributions		—		730
Benefits paid		(2,426)		(2,260)
Fair value of plan assets at end of year	$	61,286	$	79,099
Asset (Liability) funded status at end of year	$	(1,793)	$	1,184

Schedule of accumulated other comprehensive (income) loss related to the pension plan

For the Year Ended June 30	2022		2021
Accumulated other comprehensive income (loss) related to pension plan
Balance at beginning of period	$	(19,973)	$	(22,571)
Amortization of net actuarial loss and prior service costs		480		560
Current period net actuarial gain (loss)		(4,715)		2,038
Net change		(4,235)		2,598
Balance at end of period	$	(24,208)	$	(19,973)

Schedule of net periodic pension expense

For the Year Ended June 30	2022		2021		2020
Interest cost on benefit obligation	$	1,675	$	1,682	$	2,112
Expected return on plan assets		(3,413)		(3,660)		(3,144)
Amortization of net actuarial loss and prior service costs		480		560		515
Net periodic pension income	$	(1,258)	$	(1,418)	$	(517)

Schedule of significant actuarial assumptions

For the Year Ended June 30	2022		2021		2020
Discount rate for interest cost	2.2	%	2.2	%	2.2	%
Expected rate of return on plan assets	4.4	%	4.4	%	4.9	%
Discount rate for year-end benefit obligation	4.6	%	2.9	%	2.8	%

Schedule of estimated future benefit payments, including benefits attributable to future service

For the Year Ended June 30
2023	$	3,398
2024		3,606
2025		3,758
2026		3,883
2027		4,022
2028 – 2032		21,002

Schedule of weighted-average asset allocation of plan assets

	Target
	Allocation	Percentage of Plan Assets
For the Year Ended June 30	2023	2022	2021
Debt securities	65% - 85%	77%	71%
Equity securities	10% - 30%	17%	21%
Global asset allocation/risk parity(1)	0% - 15%	5%	7%
Other	0% - 10%	1%	1%

(1) The global asset allocation/risk parity category consists of a variety of asset classes including, but not limited to, global bonds, global equities, real estate and commodities.

Schedule of fair values of the company's plan assets by asset category

	Fair Value Measurements Using
As of June 30, 2022	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	362	$	—	$	—	$	362
Common-collective funds
Global large cap equities		—		8,783		1,952		10,735
Fixed income securities		665		46,491		—		47,156
Mutual funds
Global asset allocations/risk parity		3,023		—		—		3,023
Other
Other		—		—		10		10
	$	4,050	$	55,274	$	1,962	$	61,286

	Fair Value Measurements Using
As of June 30, 2021	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	386	$	—	$	—	$	386
Common-collective funds
Global large cap equities		—		13,201		3,816		17,017
Fixed income securities		—		56,414		—		56,414
Global asset allocations/risk parity		—		2,016		—		2,016
Mutual funds
Global asset allocations/risk parity		3,206		—		—		3,206
Other
Other		—		—		60		60
	$	3,592	$	71,631	$	3,876	$	79,099

Schedule of summary of the changes in the fair value of level 3 assets

Change in Fair Value Level 3 assets	2022		2021
Balance at beginning of period	$	3,876	$	5,732
Redemptions		(1,199)		(3,236)
Purchases		—		300
Change in fair value		(715)		1,080
Balance at end of period	$	1,962	$	3,876