Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Multiemployer Pension Plans

Our participation in significant plans for the fiscal year ended June 30, 2023 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
		2023	2022		2023		2022		2021
					(In thousands)
Boilermaker-Blacksmith National Pension Trust	48-6168020/001	Red	Yellow	Implemented	$	5,284	$	5,208	$	4,003	Yes
National Electrical Benefit Fund, IBEW locals 71, 126, 488, and 1319	53-0181657/001	Described below (1)	Green	NA	3,437		2,973		1,865		No
Pipefitters Local 460 Pension Plan	51-6108443/001	Described below (1)	Green	NA	2,479		111		—		No
Joint Pension Fund Local Union 164 IBEW	22-6031199/001	Green	Green	NA	1,724		1,514		1,958		No
IBEW Local 654 Pension Plan	23-6538183/001	Green	Green	NA	1,242		857		818		No
Joint Pension Fund of Local Union No 102 IBEW	22-1615726/001	Green	Green	NA	1,143		906		1,341		No
IBEW Local 456 Pension Plan	22-6238995/001	Green	Green	NA	1,180		734		595		No
Local 351 IBEW Pension Plan	22-3417366/001	Described below (1)	Green	NA	1,033		395		479		No
Steamfitters Local Union No 420 Pension Plan	23-2004424/001	Red	Yellow	Implemented	656		498		442		Yes
Pipefitters Local 342 Pension Plan	94-3190386/001	Green	Green	NA	498		345		101		No
IBEW Local 98 Pension Plan	23-6583334/001	Yellow	Red	Implemented	484		143		318		No
Laborers Local 220 Pension Plan	43-6159056/001	Described below (1)	Green	NA	427		24		—		No
		Contributions to other multiemployer plans			3,969		3,110		3,449
		Total contributions made			$	23,556	$	16,818	$	15,369

(1)For the National Electrical Benefit Fund for Locals 71/126/488/1319, Pipefitters Local 460 Pension Plan, Local 351 IBEW Pension Plan, and Laborers Local 220 Pension Plan, we have not received a funding notification that covers our fiscal year 2023 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. 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/2023-funding-status-notices#2023-c-and-d.