Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule Of Taxes Based On Income

Taxes based on income from continuing operations for the years ended June 30 have been provided as follows:

	2015		2014			2013
Currently payable:
Federal	$	47,601	$	48,718		$	45,350
State and local	5,229		4,526			3,475
Total current provision	52,830		53,244			48,825
Deferred Federal, state and local provision (benefit)	36		(951		)	1,133
Total taxes based on income	$	52,866	$	52,293		$	49,958

Tax Benefits Recorded Directly To Common Stock

Certain tax benefits recorded directly to common stock for each of the years ended June 30 were as follows:

	2015		2014		2013
Tax benefits recorded directly to common stock	$	563	$	1,020	$	794

Reconciliation Of The Effective Income Tax Rate

For the years ended June 30, our effective tax rate varied from the statutory Federal income tax rate as a result of the following factors:

	2015		2014		2013
Statutory rate	35.0	%	35.0	%	35.0	%
State and local income taxes	2.2		2.0		1.5
ESOP dividend deduction	(0.2	)	(0.2	)	(0.8	)
Domestic manufacturing deduction for qualified income	(3.0	)	(3.0	)	(3.1	)
Other	0.2		0.3		(0.1	)
Effective rate	34.2	%	34.1	%	32.5	%

Schedule Of Deferred Tax Assets And Liabilities

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at June 30 were comprised of:

	2015			2014
Deferred tax assets:
Inventories	$	1,179		$	720
Employee medical and other benefits	11,135			10,149
Receivable and other allowances	5,652			4,410
Intangible assets	—			482
Other accrued liabilities	2,229			2,413
Total deferred tax assets	20,195			18,174
Deferred tax liabilities:
Property, plant and equipment	(22,968		)	(21,307		)
Intangible assets	(15,223		)	—
Goodwill	(4,869		)	(4,212		)
Other	(75		)	(79		)
Total deferred tax liabilities	(43,135		)	(25,598		)
Net deferred tax liability	$	(22,940	)	$	(7,424	)

Net Current Deferred Tax Assets And Prepaid Federal, State And Local Income Taxes

Net current deferred tax assets and prepaid Federal, state and local income taxes were included in Deferred Income Taxes and Other Current Assets on the Consolidated Balance Sheets. The related balances at June 30 were as follows:

	2015		2014
Net current deferred tax assets	$	12,788	$	11,329
Prepaid Federal, state and local income taxes	$	4,402	$	9,688

Cash Payments For Income Taxes

Cash payments for income taxes for each of the years ended June 30 were as follows:

	2015		2014		2013
Cash payments for income taxes	$	43,027	$	37,277	$	56,992

Reconciliation Of Gross Tax Contingency Reserve

The following table sets forth changes in our total gross tax contingency reserve (including interest and penalties):

	2015			2014
Balance, beginning of year	$	963		$	912
Tax positions related to the current year:
Additions	54			66
Reductions	—			—
Tax positions related to prior years:
Additions	516			39
Reductions	(46		)	(54		)
Settlements	—			—
Balance, end of year	$	1,487		$	963

Net Tax-Related Interest And Penalties Recognized

For each of the years ended June 30, we recognized the change in the accrual for net tax-related interest and penalties as follows:

	2015		2014
Expense recognized for net tax-related interest and penalties	$	87	$	9

Accrued Interest And Penalties

We had accrued interest and penalties at June 30 as follows:

	2015		2014
Accrued interest and penalties included in the gross tax contingency reserve	$	479	$	392