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Summary Of Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2020
Accounting Policies [Abstract] |
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:
| 2020 |  | 2019 |  | 2018
Construction in progress in Accounts Payable | $ | 2,909 |  |  | $ | 7,852 |  |  | $ | 2,070 |
Schedule Of Depreciation Expense | The following table sets forth depreciation expense, including finance lease amortization, in each of the years ended June 30:
| 2020 |  | 2019 |  | 2018
Depreciation expense | $ | 31,604 |  |  | $ | 26,751 |  |  | $ | 22,168 |
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:
| 2020 |  | 2019 |  | 2018
Advertising expense as a percentage of net sales | 2 | % |  | 2 | % |  | 2 | %
Schedule Of Basic And Diluted Net Income Per Common Share Calculations | Basic and diluted net income per common share were calculated as follows:
| 2020 |  | 2019 |  | 2018
Net income | $ | 136,983 |  |  | $ | 150,549 |  |  | $ | 135,314 |
Net income available to participating securities | (278 | ) |  | (259 | ) |  | (271 | )
Net income available to common shareholders | $ | 136,705 |  |  | $ | 150,290 |  |  | $ | 135,043 |
Weighted average common shares outstanding - basic | 27,448 |  |  | 27,438 |  |  | 27,403 |
Incremental share effect from: |  |  |  |  |
Nonparticipating restricted stock | 2 |  |  | 2 |  |  | 3 |
Stock-settled stock appreciation rights | 46 |  |  | 97 |  |  | 53 |
Weighted average common shares outstanding - diluted | 27,496 |  |  | 27,537 |  |  | 27,459 |
Net income per common share - basic | $ | 4.98 |  |  | $ | 5.48 |  |  | $ | 4.93 |
Net income per common share - diluted | $ | 4.97 |  |  | $ | 5.46 |  |  | $ | 4.92 |
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:
| 2020 |  | 2019
Accumulated other comprehensive loss at beginning of year | $ | (10,308 | ) |  | $ | (8,259 | )
Defined Benefit Pension Plan Items: |  |  |
Net loss arising during the period | (2,597 | ) |  | (2,771 | )
Amortization of unrecognized net loss (1) | 572 |  |  | 447 |
Postretirement Benefit Plan Items: (2) |  |  |
Net loss arising during the period | (65 | ) |  | (131 | )
Amortization of unrecognized net gain | (26 | ) |  | (37 | )
Amortization of prior service credit | (182 | ) |  | (182 | )
Total other comprehensive loss, before tax | (2,298 | ) |  | (2,674 | )
Total tax benefit | 536 |  |  | 625 |
Other comprehensive loss, net of tax | (1,762 | ) |  | (2,049 | )
Accumulated other comprehensive loss at end of year | $ | (12,070 | ) |  | $ | (10,308 | )
(1) | Included in the computation of net periodic benefit income/cost. See Note 12 for additional information.
(2) Additional disclosures for postretirement benefits are not included as they are not considered material.

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