OTHER INCOME AND (EXPENSE)

12 Months Ended

Jun. 30, 2021

Other Income and Expenses [Abstract]

OTHER INCOME AND (EXPENSE)

OTHER INCOME AND (EXPENSE)

Other income and expense consist of the following (in thousands):

	2021		2020		2019
Interest income	$	350	$	90	$	71
Interest expense	(999)		(975)		(976)
Foreign currency (loss) gain, net	(1,151)		140		(426)
Brazil tax settlements	1,125		2,544		345
Sale of scrap material	261		100		110
Pension net periodic benefit cost (NPBC)	654.00		(16,753)		(930)
Other income , net	620		160		195
	$	860	$	(14,694)	$	(1,611)

In fiscal 2021, other income was $0.9 million and other expense was $14.7 million in fiscal 2020. The pension liability charge in fiscal 2020 of $16.8 million non-cash related to the marked-to-market accounting methodology. (see Note 12) drove other expense. Brazilian tax settlements of $1.1 million and $2.5 million in fiscal years 2021 and 2020, respectively, related to prior period over payments.