Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2012

Defined Benefit Pension Plan's Funded Status and Amount Recognized in Consolidated Balance Sheets

The following table sets forth the defined benefit pension plan’s funded status and amount recognized in our consolidated balance sheets at June 30 (in thousands):


	2012			2011
Change in Benefit Obligation
Benefit obligation at beginning of year	$	1,652		$	1,613
Interest cost		87			80
Actuarial (gain) loss		(83	)		110
Benefits paid		(63	)		(151	)

Benefit obligation at end of year	$	1,593		$	1,652

Change in Plan Assets
Fair value of plan assets at beginning of year	$	1,716		$	1,649
Actual return on plan assets		31			218
Employer contributions		—			—
Benefits paid		(63	)		(151	)
Plan expenses		(2	)

Fair value of plan assets at end of year	$	1,682		$	1,716

Reconciliation of Funded Status
Fair value of plan assets in excess of benefit obligation	$	89		$	64
Unrecognized net actuarial loss		542			572

Net amount recognized	$	631		$	636

Additional Minimum Liability Disclosures
Accrued benefit asset	$	89		$	64

Components Included in Defined Benefit Pension Plan's Net Periodic Benefit Expense

The components included in the defined benefit pension plan’s net periodic benefit expense for the fiscal years ended June 30 were as follows (in thousands):


	2012			2011
Interest cost	$	87		$	80
Expected return on plan assets		(116	)		(105	)
Recognized actuarial loss		33			32

Net periodic benefit expense	$	4		$	7

Benefit Payments Expected to be Paid

The following benefit payments are expected to be paid:


2013	$	13
2014		13
2015		30
2016		30
2017		45
2018-2022		572

	$	703

Weighted-Average Rates Used in Determining Defined Benefit Pension Plan's Net Pension Costs

The weighted-average rates used for the years ended June 30 in determining the defined benefit pension plan’s net pension costs, were as follows:


	2012			2011
Discount rate		5.50	%		5.50	%
Expected long-term rate of return		7.00	%		7.00	%
Compensation increase rate		N/A			N/A

Defined Benefit Pension Plan's Weighted Average Asset Allocation and Weighted Average Target Allocation

Our defined benefit pension plan’s weighted average asset allocation at June 30 and weighted average target allocation were as follows:


	2012			2011			Target Allocation
Equity securities		54	%		55	%		46	%
Debt securities		40	%		40	%		49	%
Commodities		—	%		—	%		2	%
Cash and money market funds		6	%		5	%		3	%

		100	%		100	%		100	%

Fair Values by Asset Category of Defined Benefit Pension Plan

The fair values by asset category of our defined benefit pension plan at June 30, 2012 were as follows (in thousands):


	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and money market funds	$	104	$	104	$	—	$	—
Equity securities⁽¹⁾	$	911	$	911	$	—	$	—
Debt securities⁽²⁾	$	667	$	667	$	—	$	—

Total	$	1,682	$	1,682	$	—	$	—

(1)	This category is comprised of publicly traded funds, of which 77% are large-cap funds, 14% are emerging markets equity funds, and 9% are international equity funds.

(2)	This category is comprised of publicly traded funds, of which 31% are short-term fixed income funds, 32% are high-yield fixed income funds, 11% are intermediate fixed income funds, 9% are international/emerging markets funds and 17% are REITs and MLPs funds.