Pensions and Other Postretirement Benefits (Tables)

12 Months Ended

Jun. 30, 2017

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Schedule of Obligations and Funded Status

A reconciliation of the changes in the Pensions Plans’ benefit obligations and fair value of plan assets over the two-year period ended June 30, 2017, and a statement of the funded status at June 30, 2017 for these years for the Pension Plans is as follows:

Obligations and Funded Status

	June 30,
	2017		2016
Change in benefit obligation:
Benefit obligation at beginning of year	$	4,919	$	4,628
Interest cost		50		96
Actuarial (gain) loss		(256)		435
Foreign currency exchange rate change		133		4
Benefits paid		(236)		(244)
Benefit obligation at end of year	$	4,610	$	4,919
Change in plan assets:
Fair value of plan assets at beginning of year	$	1,192	$	1,432
Actual return on plan assets		19		(15)
Employer contributions		14		12
Benefits paid		(229)		(237)
Foreign currency exchange rate change		25		-
Fair value of plan assets at end of year	$	1,021	$	1,192
Funded status at end of year	$	(3,589)	$	(3,727)

Schedule of Amounts Recognized in the Consolidated Balance Sheets

Amounts Recognized in the Consolidated Balance Sheets

	June 30,
	2017		2016
Other accrued expenses (1)	$	(7)	$	(7)
Pension liability - long-term liabilities		(3,582)		(3,720)
Total pension liability	$	(3,589)	$	(3,727)
Accumulated other comprehensive loss	$	1,345	$	1,637

⁽¹⁾ Included in line item accounts payable and accrued expenses

Schedule of Amounts Recognized in Other Comprehensive Income

⁽¹⁾ Included in line item accounts payable and accrued expenses

Items Not Yet Recognized as a Component of Net Periodic Pension Cost:

	June 30,
	2017		2016
Net loss	$	1,345	$	1,637
	$	1,345	$	1,637

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,
	2017		2016
Projected benefit obligation	$	4,610	$	4,919
Accumulated benefit obligation	$	4,610	$	4,919
Fair value of plan assets	$	1,021	$	1,193

Components of net periodic pension cost of our German defined benefit pension plans recognized in earnings

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

	Year Ended June 30,
	2017		2016
Net Periodic Benefit Cost
Service cost	$	-	$	-
Interest cost		50		96
Expected return on plan assets		(15)		(22)
Recognized actuarial loss		76		50
Amortization of unrecognized net transition obligation (asset)		-		-
Net periodic benefit cost	$	111	$	124

Schedule of Assumptions

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

	June 30,
	2017			2016
Discount rate		1.55	%		1.07	%
Expected return on plan assets		2.00	%		2.50	%
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,
	2017			2016
Discount rate		1.07	%		2.13	%
Expected return on plan assets		2.50	%		2.50	%
Compensation increase rate		0.00	%		0.00	%

Schedule of 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, 2017:

									Percentage of
							Total		Plan Assets
	Level 1		Level 2		Level 3		Assets		2017
Asset Category:
Cash and cash equivalents	$	42	$	-	$	-	$	42		4.1	%
Equity securities		-		432		-		432		42.3	%
Cash surrender value  insurance contracts		-		547		-		547		53.6	%
Totals	$	42	$	979	$	-	$	1,021		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, 2016:

									Percentage of
							Total		Plan Assets
	Level 1		Level 2		Level 3		Assets		2016
Asset Category:
Cash and cash equivalents	$	8	$	-	$	-	$	8		0.7	%
Equity securities		-		572		-		572		47.9	%
Debt securities		-		57		-		57		4.8	%
Cash surrender value  insurance contracts		-		556		-		556		46.6	%
Totals	$	8	$	1,185	$	-	$	1,193		100.0	%

Schedule of Estimated Future Benefit Payments

Expected benefit payments, which reflect expected future service, during the next ten fiscal years ending June 30 are as follows:

	Pension
	Benefits
2018		248
2019		251
2020		249
2021		247
2022		245
2023 - 2027		1,203