OTHER INCOME AND (EXPENSE)

12 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

OTHER INCOME AND (EXPENSE)

OTHER INCOME AND (EXPENSE)

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

	2022		2021		2020
Interest income	$	504	$	350	$	90
Interest expense	(1,265)		(999)		(975)
Foreign currency (loss) gain, net	(301)		(1,151)		140
Brazil tax settlements	—		1,125		2,544
Sale of scrap material	205		261		100
Pension net periodic benefit cost (NPBC)	1,441		654		(16,753)
Other (expense) income , net	(620)		620		160
	$	(36)	$	860	$	(14,694)

In fiscal 2022, other income was $0.0 million and $0.9 million fiscal 2021. The pension liability charge in fiscal 2020 of $16.8 million non-cash related to the marked-to-market accounting methodology 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.