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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2014
Income Tax Disclosure [Abstract] |
Schedule Of Taxes Based On Income | Taxes based on income from continuing operations for the years ended June 30 have been provided as follows:
| 2014 |  | 2013 |  | 2012
Currently payable: |  |  |  |  |
Federal | $ | 48,718 |  |  | $ | 45,350 |  |  | $ | 39,720 |
State and local | 4,526 |  |  | 3,475 |  |  | 4,116 |
Total current provision | 53,244 |  |  | 48,825 |  |  | 43,836 |
Deferred Federal, state and local (benefit) provision | (951 | ) |  | 1,133 |  |  | 5,031 |
Total taxes based on income | $ | 52,293 |  |  | $ | 49,958 |  |  | $ | 48,867 |
Tax Benefits Recorded Directly To Common Stock | Certain tax benefits recorded directly to common stock for each of the years ending June 30 were as follows:
| 2014 |  | 2013 |  | 2012
Tax benefits recorded directly to common stock | $ | 1,020 |  |  | $ | 794 |  |  | $ | 301 |
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:
| 2014 |  | 2013 |  | 2012
Statutory rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State and local income taxes | 2.0 |  |  | 1.5 |  |  | 2.1 |
ESOP dividend deduction | (0.2 | ) |  | (0.8 | ) |  | (0.2 | )
Domestic manufacturing deduction | (3.0 | ) |  | (3.1 | ) |  | (2.6 | )
Other | 0.3 |  |  | (0.1 | ) |  | 0.3 |
Effective rate | 34.1 | % |  | 32.5 | % |  | 34.6 | %
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:
| 2014 |  | 2013
Deferred tax assets: |  |  |
Inventories | $ | 720 |  |  | $ | 2,597 |
Employee medical and other benefits | 10,149 |  |  | 11,161 |
Receivable and other allowances | 4,410 |  |  | 4,375 |
Other accrued liabilities | 2,895 |  |  | 3,133 |
Total deferred tax assets | 18,174 |  |  | 21,266 |
Deferred tax liabilities: |  |  |
Property, plant and equipment | (21,307 | ) |  | (21,607 | )
Goodwill | (4,212 | ) |  | (3,804 | )
Other | (79 | ) |  | (425 | )
Total deferred tax liabilities | (25,598 | ) |  | (25,836 | )
Net deferred tax liability | $ | (7,424 | ) |  | $ | (4,570 | )
Net Current Deferred Tax Assets And Prepaid Federal, State, And Local Income Taxes | Net current deferred tax assets and prepaid Federal, state and local income taxes were included in Deferred Income Taxes and Other Current Assets on the Consolidated Balance Sheet. The related balances at June 30 were as follows:
| 2014 |  | 2013
Net current deferred tax assets | $ | 11,329 |  |  | $ | 13,704 |
Prepaid Federal, state and local income taxes | $ | 9,688 |  |  | $ | 7,549 |
Cash Payments For Income Taxes | Cash payments for income taxes for each of the years ending June 30 were as follows:
| 2014 |  | 2013 |  | 2012
Cash payments for income taxes | $ | 37,277 |  |  | $ | 56,992 |  |  | $ | 38,726 |
Reconciliation Of Tax Contingencies Reserve | The following table sets forth changes in our total gross tax contingency reserve (including interest and penalties):
| 2014 |  | 2013
Balance, beginning of year | $ | 912 |  |  | $ | 1,939 |
Tax positions related to the current year: |  |  |
Additions | 66 |  |  | 66 |
Reductions | — |  |  | — |
Tax positions related to prior years: |  |  |
Additions | 39 |  |  | 86 |
Reductions | (54 | ) |  | (1,021 | )
Settlements | — |  |  | (158 | )
Balance, end of year | $ | 963 |  |  | $ | 912 |
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:
| 2014 |  | 2013
Expense (benefit) recognized for net tax-related interest and penalties | $ | 9 |  |  | $ | (539 | )
Accrued Interest And Penalties | We had accrued interest and penalties at June 30 as follows:
| 2014 |  | 2013
Accrued interest and penalties included in the gross tax contingency reserve | $ | 392 |  |  | $ | 383 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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