Pension and Other Postretirement Benefits

3 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFITS

The table below summarizes the components of net periodic pension income:

	Three Months Ended September 30,
(in thousands)	2022		2021
Service cost	$	238	$	286
Interest cost	8,040		5,659
Expected return on plan assets	(10,026)		(13,037)
Amortization of transition obligation	21		24
Amortization of prior service cost	2		3
Recognition of actuarial losses	1,105		2,970
Net periodic pension income	$	(620)	$	(4,095)

The table below summarizes the components of net periodic other postretirement benefit cost:

	Three Months Ended September 30,
(in thousands)	2022		2021
Interest cost	$	104	$	72
Amortization of prior service credit	(68)		(69)
Recognition of actuarial loss	48		74
Net periodic other postretirement benefit cost	$	84	$	77

The service cost component of net periodic pension income is reported as a component of cost of goods sold and operating expense. All other components of net periodic pension income and net periodic other postretirement benefit cost are reported as a component of other expense (income), net.