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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]      
Net Sales [1],[2] $ 1,222,925 $ 1,201,842 $ 1,191,109
Cost of Sales 919,412 883,078 891,480
Gross Profit 303,513 318,764 299,629
Selling, General and Administrative Expenses 131,406 126,381 115,059
Multiemployer Pension Settlement and Related Costs 0 17,635 0
Operating Income [1] 172,107 174,748 184,570
Other, Net 2,096 768 63
Income Before Income Taxes 174,203 175,516 184,633
Taxes Based on Income 38,889 60,202 62,869
Net Income $ 135,314 [3] $ 115,314 [4] $ 121,764
Net Income Per Common Share:      
Basic (in dollars per share) $ 4.93 $ 4.21 $ 4.45
Diluted (in dollars per share) $ 4.92 [3],[5] $ 4.20 [4],[5] $ 4.44
Weighted Average Common Shares Outstanding:      
Basic (in shares) 27,403 27,376 27,336
Diluted (in shares) 27,459 27,440 27,373
[1] All intercompany transactions have been eliminated.
[2] Net sales and long-lived assets are predominately domestic.
[3] Included in the second quarter net income was the one-time preliminary deferred tax benefit of $8.9 million, or approximately $0.32 per diluted share, resulting from the Tax Act. The fiscal year impact was $9.5 million, or approximately $0.35 per diluted share.
[4] Included in the third quarter and fiscal year net income was expense of $11.5 million, net of taxes, or approximately $0.42 per diluted share, related to a multiemployer pension settlement and other benefit-related costs.
[5] Diluted net income per common share amounts are calculated independently for each of the quarters presented. Accordingly, the sum of the quarterly net income per common share amounts may not agree with the fiscal year.