Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2017

Schedule Of Construction In Progress In Accounts Payable

Purchases of property, plant and equipment included in Accounts Payable and excluded from the property additions and the change in accounts payable in the Consolidated Statements of Cash Flows at June 30 were as follows:



	2017		2016		2015
Construction in progress in Accounts Payable	$	622	$	1,000	$	189

Schedule Of Depreciation Expense

The following table sets forth depreciation expense in each of the years ended June 30:



	2017		2016		2015
Depreciation expense	$	20,430	$	20,114	$	18,867

Schedule Of Advertising Expense As A Percentage Of Net Sales

The following table summarizes advertising expense as a percentage of net sales in each of the years ended June 30:



	2017		2016		2015
Advertising expense as a percentage of net sales	3	%	3	%	2	%

Schedule Of Basic And Diluted Net Income Per Common Share Calculations

Basic and diluted net income per common share were calculated as follows:



	2017			2016			2015
Net income	$	115,314		$	121,764		$	101,686
Net income available to participating securities	(196		)	(242		)	(143		)
Net income available to common shareholders	$	115,118		$	121,522		$	101,543

Weighted average common shares outstanding - basic	27,376			27,336			27,300
Incremental share effect from:
Nonparticipating restricted stock	3			3			3
Stock-settled stock appreciation rights	61			34			24
Weighted average common shares outstanding - diluted	27,440			27,373			27,327

Net income per common share - basic	$	4.21		$	4.45		$	3.72
Net income per common share - diluted	$	4.20		$	4.44		$	3.72

Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Loss

The following table presents the amounts reclassified out of accumulated other comprehensive loss by component:



	2017			2016
Accumulated other comprehensive loss at beginning of year	$	(11,350	)	$	(10,057	)
Defined Benefit Pension Plan Items:
Net gain (loss) arising during the period	3,339			(4,409		)
Amortization of unrecognized net loss ⁽¹⁾	715			539
Postretirement Benefit Plan Items:
Net (loss) gain arising during the period ⁽²⁾	(5		)	209
Prior service credit arising during the period ⁽²⁾	—			1,770
Amortization of unrecognized net gain	(38		)	(34		)
Amortization of prior service credit	(182		)	(126		)
Total other comprehensive income (loss), before tax	3,829			(2,051		)
Total tax (expense) benefit	(1,415		)	758
Other comprehensive income (loss), net of tax	2,414			(1,293		)
Accumulated other comprehensive loss at end of year	$	(8,936	)	$	(11,350	)


(1)	Included in the computation of net periodic benefit income/cost. See Note 12 for additional information.


(2)	Amounts for 2016 include a negative plan amendment and subsequent remeasurement. Additional disclosures for postretirement benefits are not included as they are not considered material.