Pensions And Other Postretirement Benefits (Tables)

12 Months Ended

Jun. 30, 2014

Pensions And Other Postretirement Benefits [Abstract]

Schedule Of Obligations And Funded Status

A reconciliation of the changes in the plans’ benefit obligations and fair value of plan assets over the two-year period ended June 30, 2014, and a statement of the funded status at June 30, 2014 for these years for our pension plans is as follows:

Obligations and Funded Status

	June 30,
	2014			2013
	(Dollars in thousands)
Change in benefit obligation:
Benefit obligation at beginning of year	$	4,967		$	4,652
Service cost		-			3
Interest cost		174			189
Actuarial (gain) loss		460			136
Foreign currency exchange rate change		238			212
Benefits paid		(272	)		(225	)
Benefit obligation at end of year	$	5,567		$	4,967
Change in plan assets:
Fair value of plan assets at beginning of year	$	2,052		$	2,097
Actual return on plan assets		67			37
Employer contributions		24			32
Benefits paid		(255	)		(209	)
Foreign currency exchange rate change		96			95
Fair value of plan assets at end of year	$	1,984		$	2,052
Funded status at end of year	$	(3,583	)	$	(2,915	)

Schedule Of Amounts Recognized In The Consolidated Balance Sheets

Amounts Recognized in the Consolidated Balance Sheets

		June 30,
		2014			2013
	(Dollars in thousands)
Pension liability - current liabilities		$	(17	)	$	(14	)
Pension liability - non-current liabilities			(3,566	)		(2,901	)
Total pension liability		$	(3,583	)	$	(2,915	)
Accumulated other comprehensive loss		$	1,246		$	773

Schedule Of Amounts Recognized In Other Comprehensive Income

Items not yet recognized as a component of net periodic pension cost (dollars in thousands):

	June 30,
	2014		2013
Net loss	$	1,246	$	773
	$	1,246	$	773

Schedule of Pension Plans With An Accumulated Benefit Obligation In Excess Of Plan Assets

Information for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets

	June 30,
	2014		2013
	(Dollars in thousands)
Projected benefit obligation	$	5,567	$	4,967
Accumulated benefit obligation		5,567		4,967
Fair value of plan assets		1,984		2,052

Schedule Of Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Income

Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income

	Year ended June 30,
	2014			2013			2012
	(Dollars in thousands)
Net Periodic Benefit Cost
Service cost	$	-		$	3		$	13
Interest cost		174			189			221
Expected return on plan assets		(61	)		(73	)		(93	)
Recognized actuarial loss		19			8			-
Amortization of unrecognized net transition amount		-			-			(1	)
Net periodic benefit cost	$	132		$	127		$	140

Schedule Of Assumptions

Assumptions

The following table sets forth the assumptions used to determine benefit obligations:

	June 30,
	2014			2013
Discount rate		2.65	%		3.43	%
Expected return on plan assets		3.50	%		3.00	%
Compensation increase rate		0.00	%		0.00	%

The following table sets forth the assumptions used to determine net periodic benefit cost:

	Year Ended June 30,
	2014			2013			2012
Discount rate		3.43	%		4.00	%		5.10	%
Expected return on plan assets		3.00	%		3.50	%		4.00	%
Compensation increase rate		0.00	%		0.00	%		1.00	%

Schedule Of Plan Assets

Plan Assets

The following table sets forth, by level within the fair value hierarchy, a summary of the defined benefit plan’s assets measured at fair value, as well as the percentage of total plan assets for each category at June 30, 2014:

									Percentage of
							Total		Plan Assets
	Level 1		Level 2		Level 3		Assets		2014
Asset Category:
Cash and cash equivalents	$	136	$	-	$	-	$	136		6.9	%
Equity securities		-		734		-		734		37.1	%
Debt securities		-		409		-		409		20.6	%
Cash surrender value insurance contracts		-		701		-		701		35.4	%
Other		4		-		-		4		0.1	%
Totals	$	140	$	1,844	$	-	$	1,984		100.0	%

The following table sets forth, by level within the fair value hierarchy, a summary of the defined benefit plan’s assets measured at fair value, as well as the percentage of total plan assets for each category at June 30, 2013:

									Percentage of
	Level 1		Level 2		Level 3		Total Assets		Plan Assets 2013
Asset Category:
Cash and cash equivalents	$	73	$	-	$	-	$	73		3.5	%
Equity securities		-		611		-		611		29.8	%
Debt securities				541		-		541		26.4	%
Cash surrender value insurance contracts		-		818		-		818		39.9	%
Other		9		-		-		9		0.4	%
Totals	$	82	$	1,970	$	-	$	2,052		100.0	%

Schedule Of Estimated Future Benefit Payments

Estimated Future Benefit Payments

The benefit payments, which reflect expected future service, as appropriate, are expected to be paid (dollars in thousands) for each of the following years:

	Pension
	Benefits
2015	$	289
2016		316
2017		314
2018		318
2019		315
2020 - 2024		1,529