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EMPLOYEE BENEFIT AND RETIREMENT PLANS (Tables)
 12 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Schedule of Allocation of Plan Assets
The table below sets forth the actual asset allocation for the assets within the Company’s plans.
20232022
Asset category:
Cash equivalents1 %2 %
Fixed income38 %40 %
Equities40 %32 %
Mutual and pooled funds21 %26 %
100 %100 %
Schedule of Portfolio by Valuation Category
The tables below show the portfolio by valuation category as of June 30, 2023 and June 30, 2022 (in thousands):
June 30, 2023
Asset CategoryLevel 1Level 2Level 3Total%
Cash Equivalents$1,326 $— $— $1,326 1 %
Fixed Income— 41,145 — 41,145 38 %
Equities42,810 1,338 — 44,148 40 %
Mutual & Pooled Funds— 22,892 — 22,892 21 %
Total$44,136 $65,375 $— $109,511 100 %
June 30, 2022
Asset CategoryLevel 1Level 2Level 3Total%
Cash Equivalents$2,620 $— $— $2,620 2 %
Fixed Income— 44,562 — 44,562 40 %
Equities33,869 965 — 34,834 32 %
Mutual & Pooled Funds— 28,598 — 28,598 26 %
Total$36,489 $74,125 $— $110,614 100 %
Schedule of Change is Plan Benefit Obligations
The status of these defined benefit plans is as follows (in thousands): 
20232022
Change in benefit obligation
Benefit obligation at beginning of year$134,303 $172,617 
Interest cost5,820 4,113 
Exchange rate changes1,075 (4,985)
Benefits paid(7,151)(6,941)
Actuarial (gain) loss(11,499)(30,501)
Benefit obligation at end of year$122,548 $134,303 
Change in plan assets
Fair value of plan assets at beginning of year110,614 135,192 
Actual return on plan assets2,701 (15,941)
Employer contributions2,449 2,517 
Benefits paid(7,151)(6,941)
Exchange rate changes907 (4,213)
Fair value of plan assets at end of year109,520 110,614 
Funded status at end of year$(13,028)$(23,689)
Amounts recognized in balance sheet
Current liability$(2,076)$(1,157)
Non-current liability(10,952)(22,532)
Net amount recognized in balance sheet$(13,028)$(23,689)
Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss
Accumulated loss$6,520 $6,883 
Amounts not yet recognized as a component of net periodic benefit cost6,520 6,883 
Accumulated net periodic benefit cost in excess of contributions(19,548)(30,572)
Net amount recognized$(13,028)$(23,689)
Components of net periodic benefit cost
Interest cost$5,820 $4,113 
Expected return on plan assets(4,023)(4,378)
Recognized actuarial loss(10,451)57 
Net periodic (benefit) cost$(8,654)$(208)
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
Net loss$(40)$(57)
Information for pension plans with accumulated benefits in excess of plan assets
Projected benefit obligation$122,548 $134,303 
Accumulated benefit obligation$122,548 $134,303 
Fair value of assets$109,520 $110,614 
U.S. Plan:
The status of the U.S. defined benefit plan is as follows (in thousands):
20232022
Change in benefit obligation
Benefit obligation at beginning of year$100,580 $124,633 
Interest cost4,571 3,274 
Benefits paid(5,577)(5,191)
Actuarial loss(4,585)(22,136)
Benefit obligation at end of year$94,989 $100,580 
Weighted average assumptions – benefit obligation
Discount rate5.34 %4.77 %
Rate of compensation increasen/an/a
Change in plan assets
Fair value of plan assets at beginning of year$81,547 $95,848 
Actual return on plan assets8,641 (10,633)
Employer contributions1,543 1,523 
   Plan Settlement— — 
Benefits paid(5,577)(5,191)
Fair value of plan assets at end of year86,154 81,547 
Funded status at end of year$(8,835)$(19,033)
Amounts recognized in balance sheet
Current liability$(2,076)$(1,157)
Non current liability(6,759)(17,876)
Net amount recognized in balance sheet$(8,835)$(19,033)
Weighted average assumptions – net periodic benefit cost
Discount rate4.77 %2.69 %
Rate of compensation increaseVariesVaries
Return on plan assets3.56 %3.56 %
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss
 Income (loss)$8,629 $8,650 
Amounts not yet recognized as a component of net periodic benefit cost8,629 8,650 
Accumulated contributions less than net periodic benefit cost(17,464)(27,683)
Net amount recognized$(8,835)$(19,033)
Components of net periodic benefit cost
Interest cost$4,571 $3,274 
Expected return on plan assets(2,796)(3,374)
Settlement (gain) recognized— — 
Recognized actuarial loss(10,451)57 
Net periodic (benefit) cost$(8,676)$(43)
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
Net loss(40)(57)
Information for plan with accumulated benefits in excess of plan assets
Projected benefit obligation$94,989 $100,580 
Accumulated benefit obligation$94,989 $100,580 
Fair value of assets$86,154 $81,547 
U.K. Plan:
The status of the U.K. defined benefit plan is as follows (in thousands):
20232022
Change in benefit obligation
Benefit obligation at beginning of year$33,723 $47,984 
Interest cost1,249 839 
Exchange rate changes1,075 (4,985)
Benefits paid(1,574)(1,750)
Actuarial (gain) loss(6,914)(8,365)
Benefit obligation at end of year$27,559 $33,723 
Weighted average assumptions - benefit obligation
Discount rate5.14 %3.82 %
Rate of compensation increasen/an/a
Change in plan assets
Fair value of plan assets at beginning of year$29,068 $39,344 
Actual return on plan assets(5,940)(5,308)
Employer contributions906 994 
Benefits paid(1,574)(1,750)
Exchange rate changes907 (4,212)
Fair value of plan assets at end of year23,367 29,068 
Funded status at end of year$(4,192)$(4,655)
Amounts recognized in balance sheet
Non current liability(4,192)(4,655)
Net amount recognized in balance sheet(4,192)(4,655)
Weighted average assumptions – net periodic benefit cost
Discount rate3.82 %1.86 %
Rate of compensation increasen/an/a
Return on plan assets4.30 %2.69 %
Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss
Accumulated loss$(2,109)$(1,766)
Amounts not yet recognized as a component of net periodic benefit cost(2,109)(1,766)
Accumulated net periodic benefit cost in excess of contributions(2,083)(2,889)
Net amount recognized$(4,192)$(4,655)
Components of net periodic benefit cost
Interest cost1,249 839 
Expected return on plan assets(1,227)(1,004)
Amortization of net loss— — 
Net periodic benefit cost$22 $(165)
Information for plan with accumulated benefits in excess of plan assets
Projected benefit obligation$27,559 $33,723 
Accumulated benefit obligation$27,559 $33,723 
Fair value of assets$23,367 $29,068 
Schedule of Medical and Life Insurance Benefit Plans
The status of the U.S. postretirement medical and life insurance benefit plan is as follows (in thousands):
20232022
Change in benefit obligation:
Benefit obligation at beginning of year$1,514 $1,890 
Service cost22 36 
Interest cost70 49 
   Plan amendments— — 
Benefits paid(67)(95)
Actuarial (gain) loss(194)(366)
Benefit obligation at end of year$1,345 $1,514 
Weighted average assumptions: benefit obligations
Discount rate5.34 %4.77 %
Rate of compensation increasen/an/a
Change in plan assets
Employer contributions67 95 
Benefits paid, net of employee contributions(67)(95)
Fair value of plan assets at end of year— — 
Amounts recognized in balance sheet
Current postretirement benefit obligation$(104)$(108)
Non-current postretirement benefit obligation(1,241)(1,406)
Net amount recognized in balance sheet$(1,345)$(1,514)
Weighted average assumptions – net periodic benefit cost
Discount rate4.77 %2.69 %
Rate of compensation increasen/an/a
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss
Prior service credit$3,950 $5,424 
Accumulated gain (loss)(810)(1,181)
Amounts not yet recognized as a component of net periodic benefit cost3,140 4,243 
Net periodic benefit cost in excess of accumulated contributions(4,485)(5,757)
Net amount recognized$(1,345)$(1,514)
Components of net periodic benefit cost
Service cost$22 $36 
Interest cost70 49 
Amortization of prior service credit(1,474)(1,474)
Amortization of accumulated loss177 189 
Net periodic benefit $(1,205)$(1,200)
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
Prior service credit$(1,474)$(1,474)
Net loss123 177 
$(1,351)$(1,297)
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates A one percentage point change in assumed health care cost trend rates would have the following effects (in thousands):
1% Increase
20232022
Effect on postretirement benefit obligation$1 $1 
1% Decrease
20232022
Effect on postretirement benefit obligation$(1)$(1)
Schedule of Future Pension and Other Benefit Payments
Future pension and other benefit payments are as follows (in thousands):
Fiscal YearPensionOther
Benefits
2024$10,553 $104 
20258,495 104 
20268,579 103 
20278,903 102 
20288,752 102 
After43,653 487 
$88,935 $1,002