Retirement Plan |
12 Months Ended |
|---|---|
Jun. 30, 2017 | |
| Retirement Benefits [Abstract] | |
| Retirement Plan | Retirement Plan The Company sponsors a defined contribution 401(k) plan covering substantially all employees of the Company who are age 21 or older and are not classified as excluded employees (which classification includes union employees, leased employees and certain nonresident aliens). Participants can elect to contribute a specific percentage or dollar amount and have that amount deposited into the plan as an elective deferral. All employee deferrals and Company contributions are subject to IRS limitations. The Company provides a fixed matching contribution equal to 25% of the employee’s elective deferrals on up to 6% of compensation. In addition to the fixed matching contribution, the Company may make an additional discretionary contribution equal to a uniform percentage or dollar amount of the employee’s elective deferral. The annual discretionary matching contribution is based on Company performance and may be an additional 25% on up to 6% of compensation. Employment on the last day of the year is required to receive the annual discretionary match and it is typically funded approximately ten months following the end of the calendar year to which it relates. Employer contributions in the plan generally vest equally over a five-year period based on plan years in which an employee works at least 1,000 hours. Total employer contribution expense was $2.1 million for the fiscal year ended June 30, 2017, $6.1 million for the fiscal year ended June 30, 2016, $2.9 million for the Successor period ended June 30, 2015 and $3.2 million for the Predecessor period ended February 1, 2015. |