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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

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



(in thousands)	June 30,
	2013		2012
Gross unrecognized tax benefits	$	1,085	$	1,000
Accrued interest and penalties		425		365
Gross liabilities related to unrecognized tax benefits	$	1,510	$	1,365

Deferred tax assets	$	440	$	350

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits



(in thousands)		2013		2012		2011
Balance at July 1	$	1,000	$	970	$	995
Additions based on tax positions related to the current year		265		207		193
Additions for tax positions of prior years		100		0		41
Reductions for tax positions of prior years		(280)		(177)		(259)
Balance at June 30	$	1,085	$	1,000	$	970

Income Tax Provision (Benefit)



(in thousands)	2013		2012		2011
Federal- current	$	6,750	$	6,969	$	5,313
State - current		566		608		423
Deferred		414		23		54
Total	$	7,730	$	7,600	$	5,790

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



	2013		2012		2011
Federal statutory tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal effect	2.6		2.9		2.6
Other	(0.6)		(1.1)		(1.9)
Effective tax rate	37.0	%	36.8	%	35.7	%

Primary Components Of Deferred Tax Assets And (Liabilities)



(in thousands)	June 30, 2013				June 30, 2012
	Current		Long-term		Current		Long-term
Accounts receivable	$	590	$	-	$	710	$	-
Inventory		1,530		-		1,390		-
Self -insurance		500		-		480		-
Employee benefits		800		-		480		-
Accrued expenses		550		-		690		-
Property, plant and equipment		-		(1,150)		-		(860)
Supplemental retirement plans		1,000		810		-		2,430
Other		-		1,530		-		1,590
Total	$	4,970	$	1,190	$	3,750	$	3,160

- 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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