Income Taxes (Tables)
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12 Months Ended |
Jun. 30, 2012
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Income Taxes [Abstract] |
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Schedule Of Taxes Based On Income |
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2012
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2011
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2010
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Currently payable:
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Federal....................................................................................
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$ 41,214
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$ 43,140
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$ 55,422
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State and local......................................................................
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4,116
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4,542
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3,933
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Total current provision.....................................................
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45,330
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47,682
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59,355
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Deferred Federal, state and
local provision...........................
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4,893
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7,460
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814
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Total taxes based on income..........................................
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$ 50,223
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$ 55,142
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$ 60,169
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Tax Benefits Recorded Directly To Common Stock |
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2012
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2011
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2010
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Tax benefits recorded directly
to common stock..............
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$301
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$479
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$674
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Reconciliation Of The Effective Income Tax Rate |
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2012
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2011
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2010
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Statutory rate........................................................................................
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35.0 %
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35.0 %
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35.0 %
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State and local income taxes.............................................................
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2.0 %
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1.9 %
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1.5 %
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ESOP dividend deduction...................................................................
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(0.2)%
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(0.2)%
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(0.1)%
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Domestic manufacturing
deduction.................................................
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(2.5)%
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(2.5)%
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(1.9)%
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Other.......................................................................................................
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0.1 %
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(0.1)%
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(0.1)%
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Effective rate..................................................................................
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34.4 %
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34.1 %
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34.4 %
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Schedule Of Deferred Tax Assets And Liabilities |
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2012
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2011
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Deferred tax
assets:
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Inventories...........................................................................................................
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$ 2,774
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$ 4,101
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Employee medical and other benefits............................................................
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13,201
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9,459
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Receivable and other allowances....................................................................
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4,699
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4,423
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Other accrued liabilities.....................................................................................
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2,869
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3,437
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Total deferred tax assets..............................................................................
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23,543
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21,420
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Deferred tax
liabilities:
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Property,
plant and equipment........................................................................
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(20,744)
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(16,516)
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Goodwill...............................................................................................................
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(3,427)
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(3,083)
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Other.....................................................................................................................
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(274)
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(830)
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Total deferred tax liabilities.........................................................................
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(24,445)
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(20,429)
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Net deferred tax (liability)
asset.............................................................
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$ (902)
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$ 991
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Net Current Deferred Tax Assets And Prepaid Federal, State, And Local Income Taxes |
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2012
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2011
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Net current
deferred tax assets.........................................................................
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$ 13,168
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$ 15,739
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Prepaid
Federal, state and local income taxes..............................................
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$ 1,958
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$ 8,140
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Cash Payments For Income Taxes |
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2012
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2011
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2010
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Cash payments for income taxes........................................
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$ 38,726
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$ 47,598
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$ 66,236
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Reconciliation Of Tax Contingencies Reserve |
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2012
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2011
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Balance,
beginning of year.................................................................................
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$1,795
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$ 1,921
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Tax positions
related to current year:
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Additions............................................................................................................
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17
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18
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Reductions.........................................................................................................
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–
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–
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Tax positions
related to prior years:
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Additions............................................................................................................
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149
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455
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Reductions.........................................................................................................
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(22)
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(599)
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Balance, end of year..................................................................................
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$1,939
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$ 1,795
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Net Tax-Related Interest And Penalties Recognized |
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2012
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2011
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Expense
recognized for the net tax-related interest and penalties.....................
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$120
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$ 96
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Accrued Interest And Penalties |
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2012
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2011
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Accrued
interest and penalties included in the gross tax contingency reserve..
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$ 922
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$ 802
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