Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

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:

	2021		2020		2019
Currently payable:
Federal	$	32,655	$	23,392	$	30,220
State and local	7,460		6,808		8,070
Total current provision	40,115		30,200		38,290
Deferred federal, state and local provision	3,298		11,894		6,703
Total taxes based on income	$	43,413	$	42,094	$	44,993

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:

	2021		2020		2019
Statutory rate	21.0	%	21.0	%	21.0	%
State and local income taxes	3.2		3.1		3.5
Net windfall tax benefits - stock-based compensation	(0.6)		(0.8)		(0.8)
Other	(0.2)		0.2		(0.7)
Effective rate	23.4	%	23.5	%	23.0	%

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:

	2021		2020
Deferred tax assets:
Employee medical and other benefits	$	6,853	$	8,384
Operating lease liabilities	5,181		5,713
Inventories	3,003		2,382
Receivables	2,175		2,371
Other accrued liabilities	1,719		1,938
Total deferred tax assets	18,931		20,788
Deferred tax liabilities:
Property, plant and equipment	(31,052)		(30,036)
Goodwill	(14,174)		(11,390)
Intangible assets	(7,076)		(7,848)
Operating lease right-of-use assets	(5,298)		(5,333)
Other	(33)		(421)
Total deferred tax liabilities	(57,633)		(55,028)
Net deferred tax liability	$	(38,702)	$	(34,240)

Net Cash Payments For Income Taxes

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

	2021		2020		2019
Net cash payments for income taxes	$	40,735	$	30,958	$	38,644

Reconciliation Of Gross Tax Contingency Reserve

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

	2021		2020
Balance, beginning of year	$	968	$	1,670
Tax positions related to the current year:
Additions	—		—
Reductions	—		—
Tax positions related to prior years:
Additions	311		51
Reductions	(26)		(25)
Settlements	—		(728)
Balance, end of year	$	1,253	$	968

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:

	2021		2020
Expense (benefit) recognized for net tax-related interest and penalties	$	48	$	(188)

Accrued Interest And Penalties

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

	2021		2020
Accrued interest and penalties included in the gross tax contingency reserve	$	529	$	481