Pension Benefits (Tables) - Defined Benefit Pension Plans [Member]
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12 Months Ended |
Jun. 30, 2019 |
Defined Benefit Plan Disclosure [Line Items] |
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Discount Rate |
The actuarial present value of benefit obligations summarized below was based on the following assumption: | | | | | | | | 2019 | | 2018 | Weighted-average assumption as of June 30 | | | | Discount rate | 3.35 | % | | 4.07 | % |
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Net Periodic Benefit Costs Assumptions |
The net periodic benefit costs were determined utilizing the following beginning-of-the-year assumptions: | | | | | | | | | | | 2019 | | 2018 | | 2017 | Discount rate | 4.07 | % | | 3.68 | % | | 3.39 | % | Expected long-term return on plan assets | 7.00 | % | | 7.00 | % | | 7.00 | % |
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Target And Actual Asset Allocations |
The target and actual asset allocations for our plans at June 30 by asset category were as follows: | | | | | | | | | | Target Percentage of Plan Assets at June 30 | | Actual Percentage of Plan Assets | | 2019 | | 2019 | | 2018 | Cash and equivalents | 0%-10% | | 2 | % | | 5 | % | Equity securities | 30%-70% | | 53 |
| | 51 |
| Fixed income | 30%-70% | | 45 |
| | 44 |
| Total | | | 100 | % | | 100 | % |
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Summary Of The Fair Values And Levels Within The Fair Value Hierarchy Of Pension Plan Assets |
The following table summarizes the fair values and levels, within the fair value hierarchy, for our plan assets at June 30: | | | | | | | | | | | | | | | | | | June 30, 2019 | Asset Category | Level 1 | | Level 2 | | Level 3 | | Total | Cash and equivalents | $ | 559 |
| | $ | — |
| | $ | — |
| | $ | 559 |
| Money market funds | 113 |
| | — |
| | — |
| | 113 |
| U.S. government obligations | — |
| | 2,600 |
| | — |
| | 2,600 |
| Municipal obligations | — |
| | 37 |
| | — |
| | 37 |
| Corporate obligations | — |
| | 3,440 |
| | — |
| | 3,440 |
| Mortgage obligations | — |
| | 3,613 |
| | — |
| | 3,613 |
| Mutual funds fixed income | 6,907 |
| | — |
| | — |
| | 6,907 |
| Mutual funds equity | 19,359 |
| | — |
| | — |
| | 19,359 |
| Total | $ | 26,938 |
| | $ | 9,690 |
| | $ | — |
| | $ | 36,628 |
| | | | | | | | | | June 30, 2018 | Asset Category | Level 1 | | Level 2 | | Level 3 | | Total | Cash and equivalents | $ | 547 |
| | $ | — |
| | $ | — |
| | $ | 547 |
| Money market funds | 1,331 |
| | — |
| | — |
| | 1,331 |
| U.S. government obligations | — |
| | 3,344 |
| | — |
| | 3,344 |
| Municipal obligations | — |
| | 36 |
| | — |
| | 36 |
| Corporate obligations | — |
| | 3,176 |
| | — |
| | 3,176 |
| Mortgage obligations | — |
| | 2,354 |
| | — |
| | 2,354 |
| Mutual funds fixed income | 7,044 |
| | — |
| | — |
| | 7,044 |
| Mutual funds equity | 18,881 |
| | — |
| | — |
| | 18,881 |
| Total | $ | 27,803 |
| | $ | 8,910 |
| | $ | — |
| | $ | 36,713 |
|
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Schedule Of Change In Benefit Obligation |
| | | | | | | | | | 2019 | | 2018 | Change in benefit obligation | | | | Benefit obligation at beginning of year | $ | 36,892 |
| | $ | 40,941 |
| Interest cost | 1,453 |
| | 1,463 |
| Actuarial loss (gain) | 2,342 |
| | (3,070 | ) | Benefits paid | (2,305 | ) | | (2,442 | ) | Benefit obligation at end of year | $ | 38,382 |
| | $ | 36,892 |
|
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Schedule Of Change In Plan Assets |
| | | | | | | | | | 2019 | | 2018 | Change in plan assets | | | | Fair value of plan assets at beginning of year | $ | 36,713 |
| | $ | 36,769 |
| Actual return on plan assets | 2,058 |
| | 2,366 |
| Employer contributions | 162 |
| | 20 |
| Benefits paid | (2,305 | ) | | (2,442 | ) | Fair value of plan assets at end of year | $ | 36,628 |
| | $ | 36,713 |
|
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Schedule Of Funded Status |
| | | | | | | | | | 2019 | | 2018 | Funded status - net accrued benefit cost | $ | (1,754 | ) | | $ | (179 | ) |
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Schedule Of Amounts Recognized In The Consolidated Balance Sheets |
| | | | | | | | | | 2019 | | 2018 | Amounts recognized in the Consolidated Balance Sheets consist of | | | | Prepaid benefit cost (Other Noncurrent Assets) | $ | 289 |
| | $ | 1,133 |
| Accrued benefit liability (Other Noncurrent Liabilities) | (2,043 | ) | | (1,312 | ) | Net amount recognized | $ | (1,754 | ) | | $ | (179 | ) |
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Schedule Of Accumulated Benefit Obligation |
| | | | | | | | | | 2019 | | 2018 | Accumulated benefit obligation | $ | 38,382 |
| | $ | 36,892 |
|
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Plans With Benefit Obligations In Excess Of The Fair Value Of Plan Assets |
The following table discloses, in the aggregate, those plans with benefit obligations in excess of the fair value of plan assets at the June 30 measurement date: | | | | | | | | | | 2019 | | 2018 | Benefit obligations | $ | 36,167 |
| | $ | 6,012 |
| Fair value of plan assets at end of year | $ | 34,124 |
| | $ | 4,700 |
|
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Amounts Recognized In Accumulated Other Comprehensive Loss |
Amounts recognized in accumulated other comprehensive loss at June 30 were as follows: | | | | | | | | | | 2019 | | 2018 | Net actuarial loss | $ | 15,145 |
| | $ | 12,821 |
| Income taxes | (3,539 | ) | | (2,996 | ) | Total | $ | 11,606 |
| | $ | 9,825 |
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Components Of Net Periodic Benefit Income |
The following table summarizes the components of net periodic benefit income for our pension plans at June 30: | | | | | | | | | | | | | | 2019 | | 2018 | | 2017 | Components of net periodic benefit income | | | | | | Interest cost | $ | 1,453 |
| | $ | 1,463 |
| | $ | 1,457 |
| Expected return on plan assets | (2,487 | ) | | (2,491 | ) | | (2,416 | ) | Amortization of unrecognized net loss | 447 |
| | 572 |
| | 715 |
| Settlement charge | — |
| | 42 |
| | — |
| Net periodic benefit income | $ | (587 | ) | | $ | (414 | ) | | $ | (244 | ) |
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Benefit Payments Estimated For Future Years |
Benefit payments estimated for future years are as follows: | | | | | | | 2020 | $ | 2,415 |
| 2021 | $ | 2,411 |
| 2022 | $ | 2,401 |
| 2023 | $ | 2,392 |
| 2024 | $ | 2,403 |
| 2025 - 2029 | $ | 11,747 |
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