Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Multiemployer Pension Plans

Our participation in significant plans for the fiscal year ended June 30, 2022 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
		2022	2021		2022		2021		2020
					(In thousands)
Boilermaker-Blacksmith National Pension Trust	48-6168020/001	Yellow	Yellow	Implemented	$	5,208	$	4,003	$	6,634	No
National Electrical Benefit Fund, IBEW locals 71, 126, 488, and 1319	53-0181657/001	Described below (1)	Green	NA	2,973		1,865		2,674		No
Joint Pension Fund Local Union 164 IBEW	22-6031199/001	Described below (1)	Described below (1)	Implemented	1,514		1,958		1,560		No
Joint Pension Fund of Local Union No 102 IBEW	22-1615726/001	Described below (1)	Green	NA	906		1,341		1,227		No
IBEW Local 456 Pension Plan	22-6238995/001	Green	Green	NA	734		595		427		No
Local 351 IBEW Pension Plan	22-3417366/001	Green	Green	NA	395		479		1,709		No
Steamfitters Local Union No 420 Pension Plan	23-2004424/001	Described below (1)	Red	Implemented	498		442		1,523		Yes
IBEW Local 654 Pension Plan	23-6538183/001	Green	Green	NA	857		818		1,021		No
Ohio Carpenters' Pension Fund, Locals 1090 and 351	34-6574360/001	Described below (1)	Red	Implemented	—		—		3,042		Yes
Iron Workers Pension Plan, Local 55	34-6682351/001	Described below (1)	Green	NA	—		—		2,951		No
Northwestern Ohio Plumbers and Pipefitters Pension, Local 50	34-6502487/001	Described below (1)	Green	NA	—		—		2,504		No
Indiana Laborers Pension Fund	35-6027150/001	Described below (1)	Green	NA	—		20		1,604		No
Iron Workers Mid-America Pension Plan, Local 395	36-6488227/001	Green	Green	NA	—		—		840		No
Pipefitters Retirement Fund, Local 597	62-6105084/001	Described below (1)	Green	NA	4		—		835		No
Iron Workers Pension Plan of Western Pennsylvania, Local 3	25-1283169/001	Green	Green	NA	—		—		500		No
		Contributions to other multiemployer plans			3,729		3,848		8,352
		Total contributions made			$	16,818	$	15,369	$	37,403

(1)For the National Electrical Benefit Fund for Locals 71/126/488/1319, Local 164 IBEW Pension Plan, Local IBEW 102 IBEW Pension Plan, Steamfitters Local Union No. 420 Pension Plan, Locals 1090 and 351 of the Ohio Carpenters' Pension Fund, Iron Workers Pension Plan Local 55, Northwestern Ohio Plumbers and Pipefitters Pension Local 50, Indiana Laborers Pension Fund, and Pipefitters Retirement Fund Local 597, we have not received a funding notification that covers our fiscal year 2022 during the preparation of this Form 10-K. For Local 164 IBEW Pension Plan, we have not received a funding notification that covers our fiscal year 2021 either. 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. We also observed that these plans have not submitted any Critical or Endangered Status Notices to the Department of Labor for calendar years that we have not received notification. The Critical or Endangered Status Notices can be accessed at https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/public-disclosure/2022-funding-status-notices#2020-c-and-d.