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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Components of income before income taxes

The components of income before income taxes are as follows:

Year Ended June 30,	2014				2013				2012
U.S.	$	147,980			$	153,546			$	137,667
Foreign	18,282				24,119				29,159
Income before income taxes	$	166,262			$	177,665			$	166,826

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes consists of:

Year Ended June 30,	2014				2013				2012
Current:
Federal	$	50,455			$	38,859			$	36,178
State and local	6,576				5,736				5,522
Foreign	4,619				4,742				7,706
Total current	61,650				49,337				49,406
Deferred:
Federal	(5,328		)		10,277				8,577
State and local	(267		)		346				503
Foreign	(2,614		)		(444		)		(439		)
Total deferred	(8,209		)		10,179				8,641
Total	$	53,441			$	59,516			$	58,047

Reconciliations of federal statutory income tax rate and Company's effective income tax rate

The following reconciles the U.S. federal statutory income tax rate to the Company’s effective income tax rate:

Year Ended June 30,	2014			2013			2012
Statutory income tax rate	35.0	%		35.0	%		35.0	%
Effects of:
State and local taxes	2.4	%		2.3	%		2.5	%
U.S. tax on foreign income, net	(1.6	)%		—	%		—	%
Foreign income taxes	(2.6	)%		(2.3	)%		(1.8	)%
Deductible dividend	(0.5	)%		(0.5	)%		(0.5	)%
Other, net	(0.6	)%		(1.0	)%		(0.4	)%
Effective income tax rate	32.1	%		33.5	%		34.8	%

Components of the Company's net deferred tax assets

Significant components of the Company’s net deferred tax assets are as follows:

June 30,	2014				2013
Deferred tax assets:
Compensation liabilities not currently deductible	$	30,662			$	33,506
Expenses and reserves not currently deductible	8,364				6,131
Goodwill and intangibles	8,294				3,781
Net operating loss carryforwards (expiring in years 2017-2034)	386				432
Other	281				607
Total deferred tax assets	47,987				44,457
Less: Valuation allowance	—				(11		)
Deferred tax assets, net of valuation allowance	47,987				44,446
Deferred tax liabilities:
Inventories	(6,490		)		(9,057		)
Goodwill and intangibles	(23,254		)		—
Unremitted foreign earnings	—				(2,804		)
Depreciation and differences in property bases	(10,219		)		(11,460		)
Total deferred tax liabilities	(39,963		)		(23,321		)
Net deferred tax assets	$	8,024			$	21,125
The net deferred tax asset is classified as follows:
Other current assets	$	11,371			$	6,315
Deferred tax assets (long-term)	21,166				21,026
Other liabilities	(24,513		)		(6,216		)
Net deferred tax assets	$	8,024			$	21,125

Reconciliation of the Company's total gross unrecognized income tax benefits

The Company and its subsidiaries file income tax returns in U.S. federal, various state, local and foreign jurisdictions. The following table sets forth the changes in the amount of unrecognized tax benefits for the years ended June 30, 2014, 2013 and 2012:

Year Ended June 30,	2014				2013				2012
Unrecognized Income Tax Benefits at beginning of the year	$	2,655			$	1,539			$	1,181
Current year tax positions	730				957				331
Prior year tax positions	—				790				398
Expirations of statutes of limitations	(1,007		)		(565		)		(371		)
Settlements	(14		)		(66		)		—
Unrecognized Income Tax Benefits at end of year	$	2,364			$	2,655			$	1,539

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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