XML 89 R68.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Goodwill and Other Intangible Assets, Net - Narrative (Details)
$ in Millions
12 Months Ended
Jun. 30, 2024
USD ($)
reportingUnit
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 01, 2024
Goodwill [Line Items]        
Number of reporting units | reportingUnit 2      
Goodwill $ 227.3 $ 241.4 $ 241.4  
Goodwill impairment charge 14.1 0.0 0.0  
Accumulated impairment losses 148.7 134.6 134.6  
Amortization expense 6.5 6.8 6.9  
Estimated annual amortization expense for 2025 5.7      
Estimated annual amortization expense for 2026 5.7      
Estimated annual amortization expense for 2027 3.8      
Estimated annual amortization expense for 2028 0.0      
Impairment of intangible assets $ 7.0      
Special Alloy Operations Reporting Unit        
Goodwill [Line Items]        
Percentage of goodwill 86.00%      
Reporting unit, percentage of fair value in excess of carrying amount       203.00%
Reporting unit, percentage of fair value in excess of carrying value if fair value reduced by one half percent       196.00%
Measurement Input, Terminal Growth Rate | Special Alloy Operations Reporting Unit        
Goodwill [Line Items]        
Reporting unit, long term growth rate reduction necessary to approximate net Book value       2.50%
Valuation Technique, Discounted Cash Flow | Measurement Input, Weighted Average Cost of Capital | Special Alloy Operations Reporting Unit        
Goodwill [Line Items]        
Goodwill, measurement input       9.50%
Valuation Technique, Discounted Cash Flow | Measurement Input, Terminal Growth Rate | Special Alloy Operations Reporting Unit        
Goodwill [Line Items]        
Goodwill, measurement input       0.50%
Performance Engineered Products        
Goodwill [Line Items]        
Goodwill $ 31.8 $ 45.9 $ 45.9  
Goodwill impairment charge 14.1      
Performance Engineered Products | Dynamet        
Goodwill [Line Items]        
Goodwill $ 31.8      
Reporting unit, percentage of fair value in excess of carrying amount       144.00%
Reporting unit, percentage of fair value in excess of carrying value if fair value reduced by one half percent       140.00%
Performance Engineered Products | Measurement Input, Terminal Growth Rate | Dynamet        
Goodwill [Line Items]        
Reporting unit, long term growth rate reduction necessary to approximate net Book value       2.50%
Performance Engineered Products | Valuation Technique, Discounted Cash Flow | Measurement Input, Weighted Average Cost of Capital | Dynamet        
Goodwill [Line Items]        
Goodwill, measurement input       11.00%
Performance Engineered Products | Valuation Technique, Discounted Cash Flow | Measurement Input, Terminal Growth Rate | Dynamet        
Goodwill [Line Items]        
Goodwill, measurement input       0.50%