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Consolidated Statements Of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock Outstanding [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock [Member]
Balance (in shares) at Jun. 30, 2016   27,424,000      
Balance at Jun. 30, 2016 $ 513,598 $ 110,677 $ 1,150,337 $ (11,350) $ (736,066)
Net income 115,314   115,314    
Net pension and postretirement benefit (losses) gains, net of tax effect 2,414     2,414  
Cash dividends - common stock (58,980)   (58,980)    
Purchase of treasury stock (in shares)   (6,000)      
Purchase of treasury stock (866)       (866)
Stock-based plans (in shares)   30,000      
Stock-based plans, including excess tax benefits 249 $ 249      
Stock-based compensation expense 4,248 $ 4,248      
Balance (in shares) at Jun. 30, 2017   27,448,000      
Balance at Jun. 30, 2017 575,977 $ 115,174 1,206,671 (8,936) (736,932)
Net income 135,314 [1]   135,314    
Net pension and postretirement benefit (losses) gains, net of tax effect 2,566     2,566  
Tax Cuts and Jobs Act of 2017, Reclassification from accumulated other comprehensive loss to retained earnings 0   1,889 (1,889)  
Cash dividends - common stock (64,531)   (64,531)    
Purchase of treasury stock (in shares)   (9,000)      
Purchase of treasury stock (1,102)       (1,102)
Stock-based plans (in shares)   49,000      
Stock-based plans (981) $ (981)      
Stock-based compensation expense $ 5,039 $ 5,039      
Balance (in shares) at Jun. 30, 2018 27,487,989 27,488,000      
Balance at Jun. 30, 2018 $ 652,282 $ 119,232 1,279,343 (8,259) (738,034)
Net income 150,549 [2],[3]   150,549    
Net pension and postretirement benefit (losses) gains, net of tax effect (2,049)     (2,049)  
Cash dividends - common stock (70,110)   (70,110)    
Purchase of treasury stock (in shares)   (48,000)      
Purchase of treasury stock (7,411)       (7,411)
Stock-based plans (in shares)   51,000      
Stock-based plans (2,360) $ (2,360)      
Stock-based compensation expense $ 5,972 $ 5,972      
Balance (in shares) at Jun. 30, 2019 27,491,497 27,491,000      
Balance at Jun. 30, 2019 $ 726,873 $ 122,844 $ 1,359,782 $ (10,308) $ (745,445)
[1] 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.
[2] Included in the fourth quarter and fiscal year net income were after-tax ERP expenses of $1.4 million, or approximately $0.05 per diluted share, and after-tax restructuring and impairment charges of $1.3 million, or approximately $0.05 per diluted share.
[3] Included in the second quarter and fourth quarter net income was an after-tax benefit of $7.4 million and $5.7 million, respectively, or approximately $0.27 and $0.21 per diluted share, respectively, related to the reduction in the fair value of Angelic’s contingent consideration liability. The after-tax benefit for the fiscal year was $13.1 million, or approximately $0.48 per diluted share.