Income Taxes (Tables)

12 Months Ended

Jun. 30, 2019

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:

	2019		2018			2017
Currently payable:
Federal	$	30,220	$	40,766		$	51,524
State and local	8,070		7,355			6,319
Total current provision	38,290		48,121			57,843
Deferred federal, state and local provision (benefit)	6,703		(9,232		)	2,359
Total taxes based on income	$	44,993	$	38,889		$	60,202

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:

	2019		2018		2017
Statutory rate	21.0	%	28.1	%	35.0	%
State and local income taxes	3.5		3.0		2.4
Net windfall tax benefits - stock-based compensation	(0.8	)	(0.4	)	—
ESOP dividend deduction	(0.1	)	(0.1	)	(0.1	)
One-time benefit on re-measurement of net deferred tax liability	—		(5.5	)	—
Domestic manufacturing deduction for qualified income	—		(2.3	)	(2.8	)
Other	(0.6	)	(0.5	)	(0.2	)
Effective rate	23.0	%	22.3	%	34.3	%

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:

	2019			2018
Deferred tax assets:
Employee medical and other benefits	$	7,809		$	6,407
Receivables	2,332			3,992
Inventories	311			1,112
Other accrued liabilities	2,069			1,029
Total deferred tax assets	12,521			12,540
Deferred tax liabilities:
Property, plant and equipment	(16,993		)	(15,551		)
Goodwill	(10,037		)	(5,044		)
Intangible assets	(8,295		)	(8,518		)
Other	(78		)	(231		)
Total deferred tax liabilities	(35,403		)	(29,344		)
Net deferred tax liability	$	(22,882	)	$	(16,804	)

Net Cash Payments For Income Taxes

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

	2019		2018		2017
Net cash payments for income taxes	$	38,644	$	46,198	$	59,008

Reconciliation Of Gross Tax Contingency Reserve

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

	2019			2018
Balance, beginning of year	$	1,298		$	1,808
Tax positions related to the current year:
Additions	87			12
Reductions	—			—
Tax positions related to prior years:
Additions	694			86
Reductions	(26		)	(41		)
Lapse of statute of limitations	—			(567		)
Settlements	(383		)	—
Balance, end of year	$	1,670		$	1,298

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:

	2019		2018
Expense (benefit) recognized for net tax-related interest and penalties	$	64	$	(78	)

Accrued Interest And Penalties

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

	2019		2018
Accrued interest and penalties included in the gross tax contingency reserve	$	669	$	605