Income Taxes (Tables)

12 Months Ended

Jun. 30, 2020

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:

	2020		2019		2018
Currently payable:
Federal	$	23,392	$	30,220	$	40,766
State and local	6,808		8,070		7,355
Total current provision	30,200		38,290		48,121
Deferred federal, state and local provision (benefit)	11,894		6,703		(9,232		)
Total taxes based on income	$	42,094	$	44,993	$	38,889

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:

	2020		2019		2018
Statutory rate	21.0	%	21.0	%	28.1	%
State and local income taxes	3.1		3.5		3.0
Net windfall tax benefits - stock-based compensation	(0.8	)	(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	)
Other	0.3		(0.6	)	(0.5	)
Effective rate	23.5	%	23.0	%	22.3	%

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:

	2020			2019
Deferred tax assets:
Employee medical and other benefits	$	8,384		$	7,809
Operating lease liabilities	5,713			—
Inventories	2,382			311
Receivables	2,371			2,332
Other accrued liabilities	1,938			2,069
Total deferred tax assets	20,788			12,521
Deferred tax liabilities:
Property, plant and equipment	(30,036		)	(16,993		)
Goodwill	(11,390		)	(10,037		)
Intangible assets	(7,848		)	(8,295		)
Operating lease right-of-use assets	(5,333		)	—
Other	(421		)	(78		)
Total deferred tax liabilities	(55,028		)	(35,403		)
Net deferred tax liability	$	(34,240	)	$	(22,882	)

Net Cash Payments For Income Taxes

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

	2020		2019		2018
Net cash payments for income taxes	$	30,958	$	38,644	$	46,198

Reconciliation Of Gross Tax Contingency Reserve

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

	2020			2019
Balance, beginning of year	$	1,670		$	1,298
Tax positions related to the current year:
Additions	—			87
Reductions	—			—
Tax positions related to prior years:
Additions	51			694
Reductions	(25		)	(26		)
Settlements	(728		)	(383		)
Balance, end of year	$	968		$	1,670

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:

	2020			2019
(Benefit) expense recognized for net tax-related interest and penalties	$	(188	)	$	64

Accrued Interest And Penalties

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

	2020		2019
Accrued interest and penalties included in the gross tax contingency reserve	$	481	$	669