Employee Benefit Plans (Tables)

9 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit Costs

The net periodic benefit cost for the defined benefit pension plans is as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
(In thousands)
Service cost	$	—	$	—	$	—	$	—
Interest cost	859		1,059		2,578		3,177
Expected return on plan assets	(1,038)		(1,102)		(3,113)		(3,305)
Amortization of net loss(1)	502		370		1,507		1,109
Net periodic benefit cost	$	323	$	327	$	972	$	981

___________

(1) These amounts represent the estimated portion of the net loss in AOCI that is expected to be recognized as a component of net periodic benefit cost over the current fiscal year. 

Contributions made by the Company to the multiemployer pension plans were as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
(In thousands)
Contributions	$	272	$	240	$	809	$	1,120

Outstanding balance of settlement obligations of the Company to certain multiemployer pension plans are as follows:

(In thousands)	March 31, 2021		June 30, 2020
Local 807 Pension Fund	$	182	$	182

The following table shows the components of net periodic postretirement benefit cost (credit) for the Retiree Medical Plan and Death Benefit for the three and nine months ended March 31, 2021 and 2020. Net periodic postretirement benefit cost was based on employee census information and asset information as of June 30, 2020. 

	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
(In thousands)
Components of Net Periodic Postretirement Benefit Cost (Credit):
Service cost	$	5	$	147	$	14	$	441
Interest cost	73		214		220		641
Amortization of net gain	80		(125)		(5,376)		(374)
Curtailment credit - Retiree Medical	—		(5,750)		—		(5,750)
Amortization of prior service credit	—		(395)		(8,961)		(1,186)
Net periodic postretirement benefit credit	$	158	$	(5,909)	$	(14,103)	$	(6,228)

Defined Benefit Plan, Assumptions

Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost

	March 31, 2021	June 30, 2020
Discount rate	2.55%	3.45%
Expected long-term return on plan assets	6.25%	6.75%

Weighted-Average Assumptions Used to Determine Net Periodic Postretirement Benefit Cost 

	Fiscal
	2021	2020
Retiree Medical Plan discount rate	0.06%	3.62%
Death Benefit discount rate	2.87%	3.64%