Income Taxes (Tables)

12 Months Ended

Jun. 30, 2011

Income Taxes (Tables) [Abstract]

Components of income before income taxes

Year Ended June 30,	2011		2010		2009
U.S.	$	127,567	$	91,932	$	54,916
Foreign		25,321		13,085		10,898
Total income before income taxes	$	152,888	$	105,017	$	65,814

Provision (benefit) for income taxes

Year Ended June 30,	2011			2010			2009
Current:
Federal	$	36,799		$	28,342		$	30,142
State and local		6,208			4,123			4,235
Foreign		8,338			4,241			5,825
Total current		51,345			36,706			40,202
Deferred:
Federal		5,648			1,880			(14,492	)
State and local		169			(311	)		(769	)
Foreign		(1,033	)		839			(1,387	)
Total deferred		4,784			2,408			(16,648	)
Total	$	56,129		$	39,114		$	23,554

Reconciliations of federal statutory income tax rate and Company's effective income tax rate

Year Ended June 30,	2011			2010			2009
Statutory income tax rate		35.0	%		35.0	%		35.0	%
Effects of:
State and local taxes		2.8			2.2			3.2
U.S. tax on foreign income, net		1.8						6.4
Foreign tax credit carryforwards								(6.0	)
Valuation allowance		(.6	)		.8			(1.5	)
Foreign income taxes		(1.0	)		.5			(.4	)
Deductible dividend		(.5	)		(.7	)		(1.2	)
Other, net		(.8	)		(.6	)		.3
Effective income tax rate		36.7	%		37.2	%		35.8	%

Components of the Company's net deferred tax assets

June 30,	2011			2010
Deferred tax assets:
Compensation liabilities not currently deductible	$	36,746		$	34,963
Expenses and reserves not currently deductible		5,498			8,442
Goodwill and intangibles		9,075			11,334
Net operating loss carryforwards (expiring in years 2015-2026)		432			843
Foreign tax credits (expiring in years 2020 and 2021)		4,090			4,086
Other		677			939
Total deferred tax assets		56,518			60,607
Less: Valuation allowance		(158	)		(997	)
Deferred tax assets, net of valuation allowance		56,360			59,610
Deferred tax liabilities:
Inventories		(4,755	)		(4,764	)
Unremitted foreign earnings		(2,804	)
Depreciation and differences in property bases		(2,062	)		(480	)
Currency translation					(264	)
Total deferred tax liabilities		(9,621	)		(5,508	)
Net deferred tax assets	$	46,739		$	54,102
The net deferred tax asset is classified as follows:
Other current assets	$	5,510		$	6,813
Deferred tax assets (long-term)		43,447			48,493
Other current liabilities					(349	)
Other liabilities		(2,218	)		(855	)
Net deferred tax assets	$	46,739		$	54,102

Reconciliation of the Company's total gross unrecognized income tax benefits

Year Ended June 30,	2011			2010			2009
Unrecognized Income Tax Benefits at beginning of the year	$	1,842		$	1,860		$	2,004
Current year tax positions		153			130			183
Prior year tax positions		50			46			(51	)
Expirations of statutes of limitations		(273	)		(194	)		(167	)
Settlements		(591	)					(109	)
Unrecognized Income Tax Benefits at end of year	$	1,181		$	1,842		$	1,860