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Changes in Accounting Principles and Corrections to Previously Issued Financial Statements (Tables)
 12 Months Ended
Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]  
Schedule of Changes in Accounting Principles
The following table presents the impact of these changes on the Company’s consolidated balance sheet at June 30, 2017:
 
 
June 30, 2017
(In thousands)
 
As Previously Reported
 
LIFO to FIFO Adjustment
 
Preferable Freight and Warehousing Adjustments
 
Corrections of Freight, Overhead Variances and PPVs
 
Retrospectively Adjusted
Inventories
 
$
56,251

 
$
19,675

 
$
3,821

 
$
43

 
$
79,790

Total current assets
 
$
117,164

 
$
19,675

 
$
3,821

 
$
43

 
$
140,703

Deferred income taxes
 
$
63,055

 
$
(7,625
)
 
$
(1,480
)
 
$
(17
)
 
$
53,933

Total assets
 
$
392,736

 
$
12,050

 
$
2,341

 
$
26

 
$
407,153

Retained earnings
 
$
221,182

 
$
13,444

 
$
2,341

 
$
26

 
$
236,993

Accumulated other comprehensive loss
 
$
(60,099
)
 
$
(1,394
)
 
$
—

 
$
—

 
$
(61,493
)
Total stockholders’ equity
 
$
215,135

 
$
12,050

 
$
2,341

 
$
26

 
$
229,552

Total liabilities and stockholders’ equity
 
$
392,736

 
$
12,050

 
$
2,341

 
$
26

 
$
407,153

The following tables present the impact of these changes on the Company's consolidated statements of operations for the fiscal years ended June 30, 2017 and 2016:
 
 
Year Ended June 30, 2017
(In thousands, except per share data)
 
As Previously Reported
 
LIFO to FIFO Adjustment
 
Preferable Freight and Warehousing Adjustments
 
Corrections of Freight, Overhead Variances and PPVs
 
Retrospectively Adjusted
Cost of goods sold
 
$
327,765

 
$
1,739

 
$
19,835

 
$
5,283

 
$
354,622

Gross profit
 
$
213,735

 
$
(1,739
)
 
$
(19,835
)
 
$
(5,283
)
 
$
186,878

Selling expenses
 
$
157,198

 
$
—

 
$
(19,241
)
 
$
(4,628
)
 
$
133,329

Operating expenses
 
$
171,569

 
$
—

 
$
(19,241
)
 
$
(4,628
)
 
$
147,700

Income from operations
 
$
42,166

 
$
(1,739
)
 
$
(594
)
 
$
(655
)
 
$
39,178

Income before taxes
 
$
40,354

 
$
(1,739
)
 
$
(594
)
 
$
(655
)
 
$
37,366

Income tax expense
 
$
15,954

 
$
(663
)
 
$
(226
)
 
$
(250
)
 
$
14,815

Net income
 
$
24,400

 
$
(1,076
)
 
$
(368
)
 
$
(405
)
 
$
22,551

Net income available to common stockholders per common share—basic
 
$
1.46

 
$
(0.07
)
 
$
(0.02
)
 
$
(0.02
)
 
$
1.35

Net income available to common stockholders per common share—diluted
 
$
1.45

 
$
(0.07
)
 
$
(0.02
)
 
$
(0.02
)
 
$
1.34


 
 
Year Ended June 30, 2016
(In thousands, except per share data)
 
As Previously Reported
 
LIFO to FIFO Adjustment
 
Preferable Freight and Warehousing Adjustments
 
Corrections of Freight, Overhead Variances and PPVs
 
Retrospectively Adjusted
Cost of goods sold
 
$
335,907

 
$
8,593

 
$
21,104

 
$
7,610

 
$
373,214

Gross profit
 
$
208,475

 
$
(8,593
)
 
$
(21,104
)
 
$
(7,610
)
 
$
171,168

Selling expenses
 
$
150,198

 
$
—

 
$
(20,502
)
 
$
(6,436
)
 
$
123,260

Operating expenses
 
$
200,296

 
$
—

 
$
(20,502
)
 
$
(6,436
)
 
$
173,358

Income (loss) from operations
 
$
8,179

 
$
(8,593
)
 
$
(602
)
 
$
(1,174
)
 
$
(2,190
)
Income (loss) before taxes
 
$
9,921

 
$
(8,593
)
 
$
(602
)
 
$
(1,174
)
 
$
(448
)
Income tax benefit
 
$
(79,997
)
 
$
6,430

 
$
450

 
$
878

 
$
(72,239
)
Net income
 
$
89,918

 
$
(15,023
)
 
$
(1,052
)
 
$
(2,052
)
 
$
71,791

Net income available to common stockholders per common share—basic
 
$
5.45

 
$
(0.91
)
 
$
(0.07
)
 
$
(0.12
)
 
$
4.35

Net income available to common stockholders per common share—diluted
 
$
5.41

 
$
(0.90
)
 
$
(0.07
)
 
$
(0.12
)
 
$
4.32

The following tables present the impact of these changes on the Company's consolidated statements of cash flows as of June 30, 2017 and 2016:
 
 
June 30, 2017
(In thousands)
 
As Previously Reported
 
LIFO to FIFO Adjustment
 
Preferable Freight and Warehousing Adjustments
 
Corrections of Freight, Overhead Variances and PPVs
 
Retrospectively Adjusted
Net income
 
$
24,400

 
$
(1,076
)
 
$
(368
)
 
$
(405
)
 
$
22,551

Adjustments to reconcile net income to net cash provided by operating activities
Deferred income taxes
 
$
15,482

 
$
(663
)
 
$
(226
)
 
$
(250
)
 
$
14,343

Net losses (gains) on derivative instruments and investments
 
$
(205
)
 
$
2,566

 
$
—

 
$
—

 
$
2,361

Change in operating assets and liabilities:
Inventories
 
$
(8,504
)
 
$
(786
)
 
$
594

 
$
655

 
$
(8,041
)
Derivative assets (liabilities), net
 
$
2,305

 
$
(41
)
 
$
—

 
$
—

 
$
2,264

Net cash provided by operating activities
 
$
42,112

 
$
—

 
$
—

 
$
—

 
$
42,112

 
 
June 30, 2016
(In thousands)
 
As Previously Reported
 
LIFO to FIFO Adjustment
 
Preferable Freight and Warehousing Adjustments
 
Corrections of Freight, Overhead Variances and PPVs
 
Retrospectively Adjusted
Net income
 
$
89,918

 
$
(15,023
)
 
$
(1,052
)
 
$
(2,052
)
 
$
71,791

Adjustments to reconcile net income to net cash provided by operating activities
Deferred income taxes
 
$
(80,314
)
 
$
6,430

 
$
450

 
$
878

 
$
(72,556
)
Net losses (gains) on derivative instruments and investments
 
$
12,910

 
$
3,626

 
$
—

 
$
—

 
$
16,536

Change in operating assets and liabilities:
Inventories
 
$
3,608

 
$
4,677

 
$
604

 
$
1,174

 
$
10,063

Derivative assets (liabilities), net
 
$
(10,583
)
 
$
288

 
$
—

 
$
—

 
$
(10,295
)
Net cash provided by operating activities
 
$
27,628

 
$
(2
)
 
$
2

 
$
—

 
$
27,628