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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule Of Taxes Based On Income

Taxes based on income for the years ended June 30 have been provided as follows:

			2024						2023						2022
Currently payable:
Federal			$	51,687					$	20,147					$	19,751
State and local			5,485						3,978						1,974
Total current provision			57,172						24,125						21,725
Deferred federal, state and local (benefit) provision			(10,270)						7,886						1,077
Total taxes based on income			$	46,902					$	32,011					$	22,802

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:

			2024						2023						2022
Statutory rate			21.0		%				21.0		%				21.0		%
State and local income taxes			1.9						2.4						0.7
Research and development tax credit			(0.7)						(1.1)						(1.7)
Net windfall tax benefits - stock-based compensation			—						(0.4)						(0.1)
Other			0.6						0.4						0.4
Effective rate			22.8		%				22.3		%				20.3		%

Schedule Of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at June 30 were comprised of:

			2024						2023
Deferred tax assets:
Operating lease liabilities			$	12,245					$	5,613
Section 174 research and development capitalization			11,910						4,281
Employee medical and other benefits			8,431						7,561
Receivables			4,202						3,042
Inventories			3,688						4,143
Intangible assets			2,185						1,426
Other accrued liabilities			1,161						1,600
Total deferred tax assets			43,822						27,666
Deferred tax liabilities:
Property, plant and equipment			(49,053)						(50,106)
Goodwill			(19,571)						(19,070)
Operating lease right-of-use assets			(12,474)						(5,815)
Total deferred tax liabilities			(81,098)						(74,991)
Net deferred tax liability			$	(37,276)					$	(47,325)

Net Cash Payments For Income Taxes

Net cash payments for income taxes for each of the years ended June 30 were as follows:

			2024						2023						2022
Net cash payments for income taxes			$	53,583					$	26,327					$	17,827

Reconciliation Of Gross Tax Contingency Reserve

The following table sets forth changes in our total gross tax contingency reserve (including interest and penalties):

			2024						2023
Balance, beginning of year			$	858					$	925
Tax positions related to the current year:
Additions			—						—
Reductions			—						—
Tax positions related to prior years:
Additions			34						39
Reductions			(90)						(106)
Settlements			—						—
Balance, end of year			$	802					$	858

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:

			2024						2023
Benefit recognized for net tax-related interest and penalties			$	(10)					$	(13)

Accrued Interest And Penalties

We had accrued interest and penalties at June 30 as follows:

			2024						2023
Accrued interest and penalties included in the gross tax contingency reserve			$	484					$	494

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