Inventories (Tables)

6 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following:

(in thousands)	December 31, 2015			June 30, 2015
Finished goods	$	295,609		$	324,840
Work in process and powder blends	173,360			249,629
Raw materials	70,628			100,881
Inventories at current cost	539,597			675,350
Less: LIFO valuation	(62,098		)	(99,819		)
Total inventories	$	477,499		$	575,531