Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

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:

	2018			2017		2016
Currently payable:
Federal	$	40,766		$	51,524	$	57,116
State and local	7,355			6,319		6,502
Total current provision	48,121			57,843		63,618
Deferred federal, state and local (benefit) provision	(9,232		)	2,359		(749		)
Total taxes based on income	$	38,889		$	60,202	$	62,869

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:

	2018		2017		2016
Statutory rate	28.1	%	35.0	%	35.0	%
State and local income taxes	3.0		2.4		2.3
One-time benefit on re-measurement of net deferred tax liability	(5.5	)	—		—
Domestic manufacturing deduction for qualified income	(2.3	)	(2.8	)	(3.0	)
Net windfall tax benefits - stock-based compensation	(0.4	)	—		—
ESOP dividend deduction	(0.1	)	(0.1	)	(0.4	)
Other	(0.5	)	(0.2	)	0.2
Effective rate	22.3	%	34.3	%	34.1	%

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:

	2018			2017
Deferred tax assets:
Employee medical and other benefits	$	6,407		$	10,349
Receivables	3,992			5,314
Inventories	1,112			1,041
Other accrued liabilities	1,029			1,905
Total deferred tax assets	12,540			18,609
Deferred tax liabilities:
Property, plant and equipment	(15,551		)	(22,188		)
Intangible assets	(8,518		)	(14,070		)
Goodwill	(5,044		)	(7,092		)
Other	(231		)	(466		)
Total deferred tax liabilities	(29,344		)	(43,816		)
Net deferred tax liability	$	(16,804	)	$	(25,207	)

Net Cash Payments For Income Taxes

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

	2018		2017		2016
Net cash payments for income taxes	$	46,198	$	59,008	$	62,901

Reconciliation Of Gross Tax Contingency Reserve

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

	2018			2017
Balance, beginning of year	$	1,808		$	1,599
Tax positions related to the current year:
Additions	12			82
Reductions	—			—
Tax positions related to prior years:
Additions	86			153
Reductions	(41		)	(26		)
Lapse of statute of limitations	(567		)	—
Settlements	—			—
Balance, end of year	$	1,298		$	1,808

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:

	2018			2017
(Benefit) expense recognized for net tax-related interest and penalties	$	(78	)	$	112

Accrued Interest And Penalties

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

	2018		2017
Accrued interest and penalties included in the gross tax contingency reserve	$	605	$	683