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Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
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Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2016
Income Statement [Abstract] |  |  |  |  |  |
Net Sales | [1],[2] | $ 1,222,925 |  | $ 1,201,842 |  | $ 1,191,109
Cost of Sales |  | 919,412 |  | 883,078 |  | 891,480
Gross Profit |  | 303,513 |  | 318,764 |  | 299,629
Selling, General and Administrative Expenses |  | 131,406 |  | 126,381 |  | 115,059
Multiemployer Pension Settlement and Related Costs |  | 0 |  | 17,635 |  | 0
Operating Income | [1] | 172,107 |  | 174,748 |  | 184,570
Other, Net |  | 2,096 |  | 768 |  | 63
Income Before Income Taxes |  | 174,203 |  | 175,516 |  | 184,633
Taxes Based on Income |  | 38,889 |  | 60,202 |  | 62,869
Net Income |  | $ 135,314 | [3] | $ 115,314 | [4] | $ 121,764
Net Income Per Common Share: |  |  |  |  |  |
Basic (in dollars per share) |  | $ 4.93 |  | $ 4.21 |  | $ 4.45
Diluted (in dollars per share) |  | $ 4.92 | [3],[5] | $ 4.20 | [4],[5] | $ 4.44
Weighted Average Common Shares Outstanding: |  |  |  |  |  |
Basic (in shares) |  | 27,403 |  | 27,376 |  | 27,336
Diluted (in shares) |  | 27,459 |  | 27,440 |  | 27,373
[1] | All intercompany transactions have been eliminated.
[2] | Net sales and long-lived assets are predominately domestic.
[3] | Included in the second quarter net income was the one-time preliminary deferred tax benefit of $8.9 million, or approximately $0.32 per diluted share, resulting from the Tax Act. The fiscal year impact was $9.5 million, or approximately $0.35 per diluted share.
[4] | Included in the third quarter and fiscal year net income was expense of $11.5 million, net of taxes, or approximately $0.42 per diluted share, related to a multiemployer pension settlement and other benefit-related costs.
[5] | Diluted net income per common share amounts are calculated independently for each of the quarters presented. Accordingly, the sum of the quarterly net income per common share amounts may not agree with the fiscal year.

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