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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2025
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:
| 2025 |  | 2024 |  | 2023
Currently payable: |  |  |  |  |
Federal | $ | 48,714 |  |  | $ | 51,687 |  |  | $ | 20,147 |
State and local | 3,491 |  |  | 5,485 |  |  | 3,978 |
Total current provision | 52,205 |  |  | 57,172 |  |  | 24,125 |
Deferred federal, state and local (benefit) provision | (6,089) |  |  | (10,270) |  |  | 7,886 |
Total taxes based on income | $ | 46,116 |  |  | $ | 46,902 |  |  | $ | 32,011 |
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:
| 2025 |  | 2024 |  | 2023
Statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State and local income taxes | 1.1 |  |  | 1.9 |  |  | 2.4 |
Research and development tax credit | (1.1) |  |  | (0.7) |  |  | (1.1) |
Net windfall tax benefits - stock-based compensation | (0.1) |  |  | — |  |  | (0.4) |
Other | 0.7 |  |  | 0.6 |  |  | 0.4 |
Effective rate | 21.6 | % |  | 22.8 | % |  | 22.3 | %
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:
| 2025 |  | 2024
Deferred tax assets: |  |  |
Section 174 research and development capitalization | $ | 15,172 |  |  | $ | 11,910 |
Operating lease liabilities | 11,820 |  |  | 12,245 |
Employee medical and other benefits | 8,352 |  |  | 8,431 |
Receivables | 5,086 |  |  | 4,202 |
Inventories | 2,340 |  |  | 3,688 |
Intangible assets | 1,932 |  |  | 2,185 |
Other accrued liabilities | 960 |  |  | 1,161 |
Total deferred tax assets | 45,662 |  |  | 43,822 |
Deferred tax liabilities: |  |  |
Property, plant and equipment | (47,536) |  |  | (49,053) |
Goodwill | (20,650) |  |  | (19,571) |
Operating lease right-of-use assets | (11,591) |  |  | (12,474) |
Total deferred tax liabilities | (79,777) |  |  | (81,098) |
Net deferred tax liability | $ | (34,115) |  |  | $ | (37,276) |
Net Cash Payments For Income Taxes | Net cash payments for income taxes for each of the years ended June 30 were as follows:
| 2025 |  | 2024 |  | 2023
Net cash payments for income taxes | $ | 52,515 |  |  | $ | 53,583 |  |  | $ | 26,327 |
Rollforward Of Gross Tax Contingency Reserve | The following table sets forth changes in our total gross tax contingency reserve (including interest and penalties):
| 2025 |  | 2024
Balance, beginning of year | $ | 802 |  |  | $ | 858 |
Tax positions related to the current year: |  |  |
Additions | — |  |  | — |
Reductions | — |  |  | — |
Tax positions related to prior years: |  |  |
Additions | 30 |  |  | 34 |
Reductions | (85) |  |  | (90) |
Settlements | — |  |  | — |
Balance, end of year | $ | 747 |  |  | $ | 802 |
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:
| 2025 |  | 2024
Benefit recognized for net tax-related interest and penalties | $ | (11) |  |  | $ | (10) |
Accrued Interest And Penalties | We had accrued interest and penalties at June 30 as follows:
| 2025 |  | 2024
Accrued interest and penalties included in the gross tax contingency reserve | $ | 473 |  |  | $ | 484 |

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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/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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