EMPLOYEE BENEFIT PLANS (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| EMPLOYEE BENEFIT PLANS |
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| Schedule of the changes in the plans' benefit obligations fair value of assets and funded status |
The following provides a reconciliation of the changes in the plans’ benefit obligations and fair value of assets for fiscal years 2025 and 2026, and a statement of the funded status as of June 30, 2025 and 2026 (in thousands): | | | | | | | | | 2025 | | 2026 | Change in Benefit Obligation | | | | | | | Benefit obligation at beginning of year | | $ | 12,867 | | $ | 12,192 | Translation adjustment | | | 336 | | | (100) | Interest costs | | | 610 | | | 599 | Service costs | | | — | | | 134 | Plan amendments | | | — | | | 5,500 | Actuarial (gain) loss | | | (66) | | | 278 | Benefits paid | | | (1,555) | | | (2,335) | Benefit obligation at end of year | | | 12,192 | | | 16,268 | Change in Plan Assets | | | | | | | Fair value of plan assets at beginning of year | | | 7,517 | | | 8,540 | Translation adjustment | | | 662 | | | (326) | Actual return on plan assets | | | 516 | | | 1,789 | Company contributions | | | 1,362 | | | 2,130 | Benefits paid | | | (1,517) | | | (2,299) | Fair value of plan assets at end of year | | | 8,540 | | | 9,834 | Funded status and net benefit obligation amount recognized | | $ | (3,652) | | $ | (6,434) | Amount recognized in consolidated balance sheets consists of: | | | | | | | Net benefit asset (included in other current assets) | | $ | 5,192 | | $ | 6,353 | Current portion of net pension liability (included in other current liabilities) | | | (2,124) | | | (2,146) | Net long term pension liability (included in other long-term liabilities) | | | (6,719) | | | (10,641) | Accumulated other comprehensive loss | | | (916) | | | (854) |
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| Schedule of net periodic pension costs |
The following table provides the net periodic benefit costs for the fiscal years ended June 30, (in thousands): | | | | | | | | | | | | 2024 | | 2025 | | 2026 | Net Periodic Benefit Costs | | | | | | | | | | Interest costs | | $ | 795 | | $ | 610 | | $ | 599 | Service costs | | | — | | | — | | | 134 | Expected return on plan assets | | | (487) | | | (593) | | | (719) | Amortization of prior service costs | | | 548 | | | 379 | | | 4,833 | Recognized actuarial loss (gain) | | | (119) | | | (154) | | | (70) | Net periodic benefit cost | | $ | 737 | | $ | 242 | | $ | 4,777 |
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| Schedule of plan assumptions |
| | | | | | | | 2025 | | 2026 | | Weighted average assumptions at year-end: | | | | | | Discount rate | | 4.4 | % | 4.1 | % | Expected return on plan assets | | 7.8 | % | 8.7 | % | Rate of compensation increase | | — | % | — | % |
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| Schedule of plan assets and investment policy |
| | | | | | | | | | | | Fiscal year ended | | Fiscal year ended | | | | June 30, 2025 | | June 30, 2026 | | | | Proportion of | | Expected Rate | | Proportion of | | Expected Rate | | | | Fair Value | | of Return | | Fair Value | | of Return | | Equity securities | | 87 | % | 8.7 | % | 87 | % | 9.7 | % | Debt securities | | 6 | % | 1.9 | % | 11 | % | 1.9 | % | Cash | | 7 | % | 1.9 | % | 2 | % | 1.9 | % | Combined | | 100 | % | 7.8 | % | 100 | % | 8.7 | % |
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| Schedule of estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost |
The following table reflects estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost, as of June 30, 2026 (in thousands): | | | | | | Pension Benefits | July 1, 2026 to June 30, 2027 | | $ | 2,565 | July 1, 2027 to June 30, 2028 | | | 2,796 | July 1, 2028 to June 30, 2029 | | | 3,889 | July 1, 2029 to June 30, 2030 | | | 4,116 | July 1, 2030 to June 30, 2031 | | | 3,142 | July 1, 2031 to June 30, 2036 | | | 2,548 |
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