Retirement Benefits (Tables)

12 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Reconciliation of Benefit Obligations, Plan Assets and Funded Status Recognized in Consolidated Balance Sheets

The following is a reconciliation of the benefit obligations, plan assets and funded status of the plans as well as the amounts recognized in our Consolidated Balance Sheets as of and for the fiscal years ended June 30, 2015 and 2014:

	Year Ended June 30,
	2015			2014
Change in benefit obligation:
Benefit obligation at beginning of year	$	202,893		$	183,372
Benefit obligation of plans not previously reported(1)		6,148			5,075
Service cost		4,285			2,507
Interest cost		6,655			7,201
Actuarial loss		16,236			11,066
Effects of settlements and curtailments		(5,975	)		(2,801	)
Plan amendments		(0	)		(613	)
Benefits paid		(8,905	)		(8,414	)
Foreign currency translation		(21,134	)		5,500
Benefit obligation at end of year	$	200,203		$	202,893
	Year Ended June 30,
	2015			2014
Change in plan assets:
Fair value of assets at beginning of year	$	6,641		$	6,801
Assets related to acquisitions		193			0
Actual return on plan assets		761			114
Employer contributions		10,415			10,018
Benefits paid		(8,905	)		(8,414	)
Settlement		(4,799	)		(2,676	)
Foreign currency translation		(542	)		798
Fair value of assets at end of year	$	3,764		$	6,641
Reconciliation of funded status:
Funded status	$	(196,439	)	$	(196,252	)
Unrecognized prior service cost		4,332			4,978
Unrecognized net loss		61,460			57,430
Accrued pension cost	$	(130,647	)	$	(133,844	)
Non-current assets	$	0		$	0
Accrued liabilities		(9,777	)		(9,900	)
Other non-current liabilities		(186,662	)		(186,352	)
AOCI		65,792			62,408
Accrued pension cost	$	(130,647	)	$	(133,844	)

⁽¹⁾  In the current year, these amounts are associated with certain of our acquisitions made during the current fiscal year. In the prior year, these amounts represent certain foreign defined benefit plans that were not disclosed in prior years based on the immateriality of amounts involved in these plans.

Amounts Recognized in AOCI

Amounts recognized in AOCI for the fiscal years ended June 30, 2015 and 2014 are presented below:

	Year Ended June 30,
	2015			2014
Amounts recorded in AOCI:
Prior service cost	$	4,332		$	4,978
Net actuarial loss		61,460			57,430
Total recognized in AOCI, before taxes		65,792			62,408
Income tax benefit		(21,398	)		(19,872	)
Total recognized in AOCI, net of income taxes	$	44,394		$	42,536

Amount to be Amortized from AOCI into Net Periodic Benefit Cost

The estimated amount that will be amortized from AOCI into net periodic benefit cost in fiscal year 2016 is as follows:

Amounts expected to be recognized in net periodic benefit cost
Recognized net actuarial loss	$	5,267
Amortization of prior service cost		990
Total	$	6,257

Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

A comparison of plans’ assets with plans’ projected benefit and accumulated benefit obligations for plans where obligations exceed plan assets as of June 30, 2015 and 2014 is presented below. There were no plan assets which exceed obligations as of June 30, 2015 and 2014.

	Plans Where Obligations Exceed Plan Assets Year Ended June 30,
	2015		2014
Projected benefit obligation	$	200,203	$	202,893
Accumulated benefit obligation		186,206		190,100
Fair value of plan assets		3,764		6,641

Components of Net Periodic Benefit Costs

The components of net periodic benefit costs for the fiscal years ended June 30, 2015, 2014 and 2013 are presented below:

	Year Ended June 30,
	2015			2014			2013
Components of net periodic benefit cost:
Service cost	$	4,285		$	2,507		$	2,169
Interest cost		6,655			7,201			7,085
Expected return on plan assets		(255	)		(259	)		(284	)
Amortization of prior service cost		975			1,001			1,155
Amortization of net loss		3,767			3,038			3,873
Effect of settlements and curtailments		387			1,119			797
Net periodic benefit cost	$	15,814		$	14,607		$	14,795

Assumptions Used to Determine Benefit Obligations and Net Periodic Pension and Postretirement Benefit Costs

The assumptions used to determine our benefit obligations and net periodic pension and other postretirement benefit costs are presented below:

	Year Ended June 30,
	2015		2014		2013
Assumptions:
Weighted average rates used to determine benefit obligations at June 30:
Range of discount rates for pension plans		2.0%—8.3%		1.4%—8.8%		1.4%—4.4%
Range of rates of compensation increase for pension plans		2.0%—10.0%		0.0%—10.0%		0.0%—4.0%
Weighted average rates used to determine net periodic benefit cost at June 30:
Range of discount rates for pension plans		1.4%—8.8%		1.4%—4.4%		0.6%—5.0%
Range of rates of compensation increase for pension plans		2.0%—10.0%		2.0%—4.0%		0.0%—4.0%