Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule Of Components Of Gross Property, Plant And Equipment

The following table summarizes the components of gross property, plant and equipment at June 30:

	2023		2022
Land, buildings and improvements	$	297,611	$	223,535
Machinery and equipment	513,458		423,135
Construction in progress	42,640		138,959
Property, plant and equipment-gross	$	853,709	$	785,629

Schedule Of Construction In Progress In Accounts Payable

Purchases of property, plant and equipment included in Accounts Payable and excluded from the property additions and the change in accounts payable in the Consolidated Statements of Cash Flows at June 30 were as follows:

	2023		2022		2021
Construction in progress in Accounts Payable	$	8,714	$	19,644	$	16,110

Schedule Of Depreciation Expense

The following table sets forth depreciation expense, including finance lease amortization, in each of the years ended June 30:

	2023		2022		2021
Depreciation expense	$	46,405	$	39,799	$	37,172

Schedule Of Advertising Expense As A Percentage Of Net Sales

The following table summarizes advertising expense as a percentage of net sales in each of the years ended June 30:

	2023		2022		2021
Advertising expense as a percentage of net sales	1	%	1	%	2	%

Schedule Of Basic And Diluted Net Income Per Common Share Calculations

Basic and diluted net income per common share were calculated as follows:

	2023		2022		2021
Net income	$	111,286	$	89,586	$	142,332
Net income available to participating securities	(257)		(224)		(285)
Net income available to common shareholders	$	111,029	$	89,362	$	142,047
Weighted average common shares outstanding - basic	27,462		27,448		27,475
Incremental share effect from:
Nonparticipating restricted stock	2		2		2
Stock-settled stock appreciation rights (1)	15		21		41
Performance units	3		1		—
Weighted average common shares outstanding - diluted	27,482		27,472		27,518
Net income per common share - basic	$	4.04	$	3.26	$	5.17
Net income per common share - diluted	$	4.04	$	3.25	$	5.16

(1)Excludes the impact of 0.1 million, 0.3 million and 0.1 million weighted average stock-settled stock appreciation rights outstanding in 2023, 2022 and 2021, respectively, because their effect was antidilutive.

Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Loss

The following table presents the amounts reclassified out of accumulated other comprehensive loss by component:

	2023		2022
Accumulated other comprehensive loss at beginning of year	$	(11,172)	$	(8,253)
Defined Benefit Pension Plan Items:
Net gain (loss) arising during the period	1,527		(4,388)
Amortization of unrecognized net loss (1)	725		428
Postretirement Benefit Plan Items: (2)
Net gain arising during the period	332		359
Amortization of unrecognized net gain	(46)		(27)
Amortization of prior service credit	(181)		(181)
Total other comprehensive income (loss), before tax	2,357		(3,809)
Total tax (expense) benefit	(550)		890
Other comprehensive income (loss), net of tax	1,807		(2,919)
Accumulated other comprehensive loss at end of year	$	(9,365)	$	(11,172)

(1)Included in the computation of net periodic benefit income/cost. See Note 11 for additional information.

(2)Additional disclosures for postretirement benefits are not included as they are not considered material.