Rendering

Component: (Network and Table)
Network
2310301 - Disclosure - Benefit Plans (Tables)
(http://www.applied.com/role/BenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
General Discussion of Pension and Other Postretirement Benefits [Abstract]Period [Axis]
2015-07-01 - 2016-06-30
General Discussion of Pension and Other Postretirement Benefits [Abstract]
 
Summary of changes in benefit obligations, plan assets and funded status for the post employment plans
The following table sets forth the changes in benefit obligations and plan assets during the year and the funded status for the post-employment plans at June 30:
 
Pension Benefits
 
Retiree Health Care Benefits
 
2016

 
2015

 
2016

 
2015

Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of the year
$
29,994

 
$
34,558

 
$
2,144

 
$
2,790

Service cost
91

 
97

 
22

 
53

Interest cost
879

 
896

 
75

 
95

Plan participants’ contributions

 

 
60

 
64

Benefits paid
(5,555
)
 
(6,697
)
 
(229
)
 
(238
)
Amendments

 
(8
)
 

 

Actuarial loss (gain) during year
1,196

 
1,148

 
163

 
(620
)
Benefit obligation at end of year
$
26,605

 
$
29,994

 
$
2,235

 
$
2,144

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
7,185

 
$
7,245

 
$

 
$

Actual (loss) gain on plan assets
(149
)
 
247

 

 

Employer contributions
5,256

 
6,390

 
169

 
174

Plan participants’ contributions

 

 
60

 
64

Benefits paid
(5,555
)
 
(6,697
)
 
(229
)
 
(238
)
Fair value of plan assets at end of year
$
6,737

 
$
7,185

 
$

 
$

Funded status at end of year
$
(19,868
)
 
$
(22,809
)
 
$
(2,235
)
 
$
(2,144
)
 
 
Amounts Recognized in Consolidated Balance Sheet [Table Text Block]
The amounts recognized in the consolidated balance sheets and in accumulated other comprehensive loss for the post-employment plans were as follows:
 
Pension Benefits
 
Retiree Health Care Benefits
June 30,
2016

 
2015

 
2016

 
2015

Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
Other current liabilities
$
741

 
$
5,256

 
$
220

 
$
220

Post-employment benefits
19,127

 
17,553

 
2,015

 
1,924

Net amount recognized
$
19,868

 
$
22,809

 
$
2,235

 
$
2,144

Amounts recognized in accumulated other comprehensive loss:
 
 
 
 
 
 
 
Net actuarial (loss) gain
$
(8,234
)
 
$
(7,311
)
 
$
1,119

 
$
1,492

Prior service cost
(121
)
 
(208
)
 
948

 
1,219

Total amounts recognized in accumulated other comprehensive loss
$
(8,355
)
 
$
(7,519
)
 
$
2,067

 
$
2,711

 
 
Information for pension plans with projected benefit obligations in excess of plan assets
The following table provides information for pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets:
 
Pension Benefits
June 30,
2016

 
2015

Projected benefit obligations
$
26,605

 
$
29,994

Accumulated benefit obligations
26,605

 
29,994

Fair value of plan assets
6,737

 
7,185

 
 
Net periodic costs
The net periodic costs (benefits) are as follows:
 
Pension Benefits
 
Retiree Health Care Benefits
Year Ended June 30,
2016

 
2015

 
2014

 
2016

 
2015

 
2014

Service cost
$
91

 
$
97

 
$
77

 
$
22

 
$
53

 
$
48

Interest cost
879

 
896

 
1,180

 
75

 
95

 
139

Expected return on plan assets
(491
)
 
(495
)
 
(416
)
 

 

 

Recognized net actuarial loss (gain)
913

 
559

 
611

 
(210
)
 
(87
)
 
(38
)
Amortization of prior service cost
86

 
86

 
78

 
(271
)
 
(272
)
 
(271
)
Net periodic cost (benefits)
$
1,478

 
$
1,143

 
$
1,530

 
$
(384
)
 
$
(211
)
 
$
(122
)
 
 
Weighted-average actuarial assumptions used to determine benefit obligations and net periodic benefit cost
The weighted-average actuarial assumptions used to determine benefit obligations and net periodic benefit cost for the plans were as follows:
 
Pension Benefits
 
Retiree Health Care Benefits
June 30,
2016

 
2015

 
2016

 
2015

Assumptions used to determine benefit obligations at year end:
 
 
 
 
 
 
 
Discount rate
2.3
%
 
3.0
%
 
3.3
%
 
4.0
%
Assumptions used to determine net periodic benefit cost:
 
 
 
 
 
 
 
Discount rate
3.0
%
 
2.8
%
 
4.0
%
 
3.8
%
Expected return on plan assets
7.0
%
 
7.0
%
 
N/A

 
N/A

 
 
One-Percentage Point Change in Assumed Health Care Cost Trend Rates
A one-percentage point change in the assumed health care cost trend rates would have had the following effects as of June 30, 2016 and for the year then ended:
 
One-Percentage Point
 
 
Increase
 
Decrease
Effect on total service and interest cost components of periodic expense
$
13

 
$
(11
)
Effect on post-retirement benefit obligation
255

 
(214
)
 
 
Defined Benefit Plan Asset Information
Following are the fair values and target allocation as of June 30:
 
Target Allocation
 
Fair Value
 
 
 
2016

 
2015

Asset Class:
 
 
 
 
 
Equity* securities (Level 1)
40 – 70%
 
$
3,843

 
$
4,022

Debt securities (Level 2)
20 – 50%
 
2,759

 
2,930

Other (Level 1)
0 – 20%
 
135

 
233

Total
100%
 
$
6,737

 
$
7,185

 
 
Estimated future benefit payments
The following benefit payments, which reflect expected future service, as applicable, are expected to be paid in each of the next five years and in the aggregate for the subsequent five years:
During Fiscal Years
Pension Benefits

 
Retiree Health  
 Care Benefits

2017
$
1,100

 
$
180

2018
1,700

 
190

2019
2,200

 
180

2020
3,800

 
170

2021
3,000

 
160

2022 through 2026
7,200

 
550