Income Taxes (Tables)

12 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Schedule Of Taxes Based On Income

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

	2017		2016			2015
Currently payable:
Federal	$	51,524	$	57,116		$	47,601
State and local	6,319		6,502			5,229
Total current provision	57,843		63,618			52,830
Deferred federal, state and local provision (benefit)	2,359		(749		)	36
Total taxes based on income	$	60,202	$	62,869		$	52,866

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:

	2017		2016		2015
Tax benefits recorded directly to common stock	$	1,123	$	1,417	$	563

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:

	2017		2016		2015
Statutory rate	35.0	%	35.0	%	35.0	%
State and local income taxes	2.4		2.3		2.2
ESOP dividend deduction	(0.1	)	(0.4	)	(0.2	)
Domestic manufacturing deduction for qualified income	(2.8	)	(3.0	)	(3.0	)
Other	(0.2	)	0.2		0.2
Effective rate	34.3	%	34.1	%	34.2	%

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:

	2017			2016
Deferred tax assets:
Employee medical and other benefits	$	10,349		$	12,533
Receivable and other allowances	5,314			5,626
Inventories	1,041			1,034
Other accrued liabilities	1,905			1,740
Total deferred tax assets	18,609			20,933
Deferred tax liabilities:
Property, plant and equipment	(22,188		)	(21,573		)
Intangible assets	(14,070		)	(14,555		)
Goodwill	(7,092		)	(6,117		)
Other	(466		)	(121		)
Total deferred tax liabilities	(43,816		)	(42,366		)
Net deferred tax liability	$	(25,207	)	$	(21,433	)

Net Cash Payments For Income Taxes

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

	2017		2016		2015
Net cash payments for income taxes	$	59,008	$	62,901	$	43,027

Reconciliation Of Gross Tax Contingency Reserve

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

	2017			2016
Balance, beginning of year	$	1,599		$	1,487
Tax positions related to the current year:
Additions	82			54
Reductions	—			—
Tax positions related to prior years:
Additions	153			121
Reductions	(26		)	(63		)
Settlements	—			—
Balance, end of year	$	1,808		$	1,599

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:

	2017		2016
Expense recognized for net tax-related interest and penalties	$	112	$	92

Accrued Interest And Penalties

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

	2017		2016
Accrued interest and penalties included in the gross tax contingency reserve	$	683	$	571