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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Components Of The Gross Liabilities Related To Unrecognized Tax Benefits And The Related Deferred Tax Assets



(in thousands)	June 30,
	2012		2011
Gross unrecognized tax benefits	$	1,000	$	970
Accrued interest and penalties		365		340
Gross liabilities related to unrecognized tax benefits	$	1,365	$	1,310

Deferred tax assets	$	350	$	330

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits



(in thousands)		2012		2011		2010
Balance at July 1	$	970	$	995	$	404
Additions based on tax positions related to the current year		207		193		250
Additions for tax positions of prior years		-		41		420
Reductions for tax positions of prior years		(177)		(259)		(79)
Balance at June 30	$	1,000	$	970	$	995

Income Tax Provision (Benefit)



(in thousands)	2012		2011		2010
Federal- current	$	6,969	$	5,313	$	6,630
State - current		608		423		975
Deferred		23		54		(955)
Total	$	7,600	$	5,790	$	6,650

Reconciliation Between The U.S. Federal Statutory Tax Rate And The Effective Tax Rate



	2012		2011		2010
Federal statutory tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal effect	2.9		2.6		3.7
Other	(1.1)		(1.9)		(0.6)
Effective tax rate	36.8	%	35.7	%	38.1	%

Primary Components Of Deferred Tax Assets And (Liabilities)



(in thousands)	June 30, 2012				June 30, 2011
	Current		Long-term		Current		Long-term
Accounts receivable	$	710	$	-	$	740	$	-
Inventory		1,390		-		1,360		-
Self insurance		480		-		620		-
Employee benefits		480		-		360		-
Accrued expenses		690		-		620		-
Property, plant and equipment		-		(860)		-		(760)
Deferred compensation		-		2,430		-		2,520
Other		-		1,590		-		800
Total	$	3,750	$	3,160	$	3,700	$	2,560

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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