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Postretirement Benefits
9 Months Ended
Mar. 31, 2012
Postretirement Benefits [Abstract]  
Postretirement Benefits

Note 6 –   Postretirement Benefits

We and certain of our operating subsidiaries provide multiple postretirement medical and life insurance benefit plans. We recognize the cost of benefits as the employees render service. Postretirement benefits are funded as incurred.

The following table summarizes the components of net periodic benefit cost for our postretirement plans:

 

 

 

 

 

 

 

 

 

 

 

Three Months          Ended                March 31

 

Nine Months          Ended                March 31

 

 

2012

 

2011

 

2012

 

2011

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

Service cost......................................................................

$   6

 

$   6

 

$   18

 

$  18

 

Interest cost......................................................................

   37

 

   34

 

   111

 

  102

 

Amortization of unrecognized net gain......................

    (8)

 

  (12)

 

    (24)

 

   (36)

 

Amortization of prior service asset..............................

    (1)

 

    (1)

 

      (3)

 

      (3)

 

    Net periodic benefit cost............................................

$ 34

 

$ 27

 

$ 102

 

$  81

 

For the three and nine months ended March 31, 2012, we made approximately $40,000 and $106,000, respectively, in contributions to our postretirement medical and life insurance benefit plans. We expect to make approximately $0.1 million more in contributions to our postretirement medical and life insurance benefit plans during the remainder of 2012.