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Employee Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Multiemployer Pension Plans
Our participation in significant plans for the fiscal year ended June 30, 2017 is outlined in the table below. The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three digit plan number. The zone status is based on the latest information that the Company received from the plan and is certified by the plan’s actuary. Plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are generally less than 80 percent funded, and plans in the green zone are generally at least 80 percent funded. The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented. The “Surcharge Imposed” column includes plans in a red zone status that require a payment of a surcharge in excess of regular contributions. The last column lists the expiration date of the collective-bargaining agreement to which the plan is subject.  
Pension Fund
 
EIN/Pension
Plan Number
 
Pension
Protection Act
Zone Status
 
FIP/RP
Status
Pending or
Implemented
 
Company Contributions
Fiscal Year
 
Surcharge
Imposed
 
Expiration
Date of
Collective-
Bargaining
Agreement
2017
2016
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
 
 
Boilermaker-Blacksmith National Pension Trust
 
48-6168020/001
 
Described below (2)
Described below (2)
 
Described below (2)
 
$
7,098

 
$
7,658

 
$
8,330

 
Described below (2)
 
Described below (1)
Joint Pension Fund Local Union 164 IBEW 
 
22-6031199/001
 
Described below (2)
Described below (2)
 
Described below (2)
 
2,709

 
2,635

 
3,026

 
Described below (2)
 
5/31/2021
Joint Pension Fund of Local Union No 102
 
22-1615726/001
 
Green
Green
 
N/A
 
2,392

 
3,063

 
2,395

 
No
 
5/31/2019
IBEW Local 456 Pension Plan
 
22-6238995/001
 
Green
Green
 
N/A
 
2,777

 
1,168

 
788

 
No
 
12/3/2017
Local 351 IBEW Pension Plan 
 
22-3417366/001
 
Green
Green
 
N/A
 
2,796

 
5,018

 
2,608

 
No
 
9/30/2017
Steamfitters Local Union No 420 Pension Plan
 
23-2004424/001
 
Red
Red
 
Yes
 
2,234

 
1,265

 
937

 
Yes
 
4/30/2020
IBEW Local Union 98 Pension Plan
 
23-1990722/001
 
Described below (2)
Described below (2)
 
Described below (2)
 
1,519

 
1,653

 
2,768

 
Described below (2)
 
4/28/2018
Indiana Laborers Pension Fund
 
35-6027150/001
 
Described below (2)
Described below (2)
 
Described below (2)
 
2,458

 
2,320

 
2,519

 
Described below (2)
 
5/31/2018
Iron Workers Mid-America Pension Plan
 
36-6488227/001
 
Green
Green
 
N/A
 
1,785

 
2,248

 
2,605

 
No
 
5/31/2019
Plumbers & Pipefitters Local Union 74 Pension Fund
 
51-6015925/001
 
Yellow
Yellow
 
Yes
 
4

 
552

 
4,473

 
No
 
6/15/2018
Pipe Fitters Retirement Fund, Local 597
 
62-6105084/001
 
Green
Green
 
N/A
 
2,563

 
2,377

 
2,259

 
No
 
5/31/2018
 
 
 
 
Contributions to other multiemployer plans
 
20,374

 
16,054

 
22,282

 
 
 
 
 
 
 
 
Total contributions made
 
$
48,709

 
$
46,011

 
$
54,990

 
 
 
 
 
 
 
 
 

(1)
Our employees are members of several Boilermaker unions that participate in the Boilermaker-Blacksmith National Pension Trust. The most significant of these unions are Boilermakers Local 374 and Boilermakers Local 128, which have collective bargaining agreements that expire on December 31, 2019 and December 31, 2020, respectively.
(2)
For the Boilermaker-Blacksmith National Pension Trust, Local 164 IBEW Pension Plan, Local 98 IBEW Pension Plan and the Indiana Laborers Pension Fund, the Company has not received a funding notification that covers the Company's fiscal years 2017 or 2016 during the preparation of this Form 10-K. Under Federal pension law, if a multiemployer pension plan is determined to be in critical or endangered status, the plan must provide notice of this status to participants, beneficiaries, the bargaining parties, the Pension Benefit Guaranty Corporation, and the Department of Labor. The Company also observed that these plans have not submitted any Critical or Endangered Status Notices to the Department of Labor for either calendar years 2017 or 2016 (which can be accessed at http://www.dol.gov/ebsa/criticalstatusnotices.html).