Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2024

Employee Benefit Plans

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

For the Year Ended June 30	2024		2023
Change in projected benefit obligation
Projected benefit obligation at beginning of year	$	60,673	$	63,079
Interest cost		1,775		2,608
Benefits paid		(954)		(2,865)
Actuarial gain		(1,852)		(2,149)
Settlement payment		(26,381)		—
Projected benefit obligation at end of year	$	33,261	$	60,673

For the Year Ended June 30	2024		2023
Change in plan assets
Fair value of plan assets at beginning of year	$	58,387	$	61,286
Actual return on plan assets		(28)		(34)
Benefits paid		(954)		(2,865)
Settlement payment		(26,381)		—
Fair value of plan assets at end of year	$	31,024	$	58,387
Liability funded status at end of year	$	(2,237)	$	(2,286)

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

For the Year Ended June 30	2024		2023
Accumulated other comprehensive loss related to pension plan
Balance at beginning of period	$	(23,996)	$	(24,208)
Amortization of net actuarial loss		370		721
Current period net actuarial loss		(60)		(509)
Settlement expense recognized		10,674		—
Net change		10,984		212
Balance at end of period	$	(13,012)	$	(23,996)

Schedule of net periodic pension expense

For the Year Ended June 30	2024		2023		2022
Interest cost on benefit obligation	$	1,775	$	2,608	$	1,675
Expected return on plan assets		(1,884)		(2,624)		(3,413)
Amortization of net actuarial loss and prior service costs		370		721		480
Settlement expense		10,674		—		—
Net periodic pension expense (income)	$	10,935	$	705	$	(1,258)

Schedule of significant actuarial assumptions

For the Year Ended June 30	2024		2023		2022
Discount rate for interest cost	5.0	%	4.3	%	2.2	%
Expected rate of return on plan assets	5.8	%	4.4	%	4.4	%
Discount rate for benefit obligation	5.1	%	4.6	%	2.9	%

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

For the Years Ending June 30
2025	$	1,388
2026		1,600
2027		1,809
2028		1,955
2029		2,113
2030 – 2034		11,486

Schedule of weighted-average asset allocation of plan assets

	Target
	Allocation	Percentage of Plan Assets
For the Year Ended June 30	2025	2024	2023
Debt securities	65% - 85%	79%	75%
Equity securities	10% - 30%	18%	12%
Global asset allocation/risk parity (1)	0% - 15%	2%	3%
Other	0% - 10%	1%	10%

(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, 2024	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	277		—		—	$	277
Common-collective funds
Global large cap equities		—		5,077		524		5,601
Fixed income securities		—		24,650		—		24,650
Mutual funds
Global asset allocations/risk parity		496		—		—		496
	$	773	$	29,727	$	524	$	31,024

	Fair Value Measurements Using
As of June 30, 2023	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	6,063	$	—	$	—	$	6,063
Common-collective funds
Global large cap equities		—		5,552		1,519		7,071
Fixed income securities		—		43,794		—		43,794
Mutual funds
Global asset allocations/risk parity		1,426		—		—		1,426
Other		—		—		33		33
	$	7,489	$	49,346	$	1,552	$	58,387

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

Change in Fair Value Level 3 assets	2024		2023
Balance at beginning of period	$	1,552	$	1,962
Redemptions		(1,316)		(603)
Purchases		200		—
Change in fair value		88		193
Balance at end of period	$	524	$	1,552