XML 48 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Taxes

The following are the components of income taxes:

Fiscal years ended June 30,		2016				2015
Current
Federal		$	895,423			$	878,700
State			153,278				150,416
			1,048,701				1,029,116
Deferred
Federal			3,790				(15,527	)
State			649				(2,658	)
			4,439				(18,185	)
		$	1,053,140			$	1,010,931

Schedule of Reconciliation of Income Tax Expense Computed at the Federal Statutory Tax Rate of 34% to the Provision for Income Taxes

The reconciliation of income tax expense computed at the federal statutory tax rate of 34% to the provision for income taxes is as follows:

Fiscal years ended June 30,		2016				2015
Tax at the statutory rate		$	949,681			$	912,134
State income taxes,     net of federal benefit			101,392				97,384
Other			2,067				1,413
		$	1,053,140			$	1,010,931
Effective tax rate			37.7%				37.7%

Schedule of Significant Components of the Company's Current and Noncurrent Deferred Tax Assets and Liabilities

Significant components of the Company’s current and noncurrent deferred tax assets and liabilities are as follows:

Fiscal years ended June 30,		2016				2015
Current deferred tax assets:
Allowance for doubtful accounts		$	60,209			$	50,425
Inventory capitalization			30,364				36,361
Inventory reserves			18,310				22,475
			108,883				109,261
Noncurrent deferred tax assets:
Equipment and improvements			10,024				13,725
License, trademarks and other     intangible assets			2,582				2,942
			12,606				16,667
Total deferred income tax assets		$	121,489			$	125,928

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration