Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income before income taxes and equity in earnings of equity-method investees were as follows:



	Fiscal Year ended June 30,
	2015		2014		2013
Domestic	$	176,898	$	157,492	$	130,908
Foreign	38,392		50,102		22,914
Total	$	215,290	$	207,594	$	153,822

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes is presented below.



	Fiscal Year ended June 30,
	2015			2014			2013
Current:
Federal	$	41,268		$	46,722		$	31,370
State and local	8,237			7,891			3,792
Foreign	9,981			16,836			6,565
	59,486			71,449			41,727
Deferred:
Federal	(10,191		)	2,287			(4,064		)
State and local	(932		)	372			(405		)
Foreign	(480		)	(4,009		)	(2,934		)
	(11,603		)	(1,350		)	(7,403		)
Total	$	47,883		$	70,099		$	34,324

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliations of expected income taxes at the U.S. federal statutory rate of 35% to the Company’s provision for income taxes for the fiscal years ended June 30 were as follows:



	2015			%		2014			%		2013			%
Expected U.S. federal income tax at statutory rate	$	75,352		35.0	%	$	72,659		35.0	%	$	53,838		35.0	%
State income taxes, net of federal benefit	4,834			2.2	%	5,371			2.6	%	3,278			2.1	%
Domestic manufacturing deduction	(1,210		)	(0.6	)%	(2,482		)	(1.2	)%	(2,563		)	(1.7	)%
Foreign income at different rates	(9,105		)	(4.2	)%	(4,842		)	(2.3	)%	(4,950		)	(3.2	)%
Corporate tax reorganization	(20,670		)	(9.6	)%	—			—	%	—			—	%
Non-taxable gains on acquisition of pre-existing ownership interests in HPPC and Empire	(2,890		)	(1.3	)%	—			—	%	—			—	%
Worthless stock deduction	—			—	%	—			—	%	(13,186		)	(8.6	)%
Reduction of deferred tax liabilities resulting from change in United Kingdom tax rate	—			—	%	(3,739		)	(1.8	)%	(2,288		)	(1.4	)%
Other	1,572			0.7	%	3,132			1.5	%	195			0.1	%
Provision for income taxes	$	47,883		22.2	%	$	70,099		33.8	%	$	34,324		22.3	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Components of our deferred tax assets (liabilities) were as follows:



	June 30, 2015			June 30, 2014
Current deferred tax assets:
Basis difference on inventory	$	8,106		$	5,995
Reserves not currently deductible	12,334			17,365
Other	318			420
Current deferred tax assets	20,758			23,780

Noncurrent deferred tax assets/(liabilities):
Basis difference on intangible assets	(155,049		)	(143,478		)
Basis difference on property and equipment	(21,067		)	(17,782		)
Other comprehensive income	(1,217		)	(7,969		)
Net operating loss and tax credit carryforwards	31,996			24,067
Stock based compensation	6,828			6,526
Other	2,267			27
Valuation allowances	(9,055		)	(9,830		)
Noncurrent deferred tax liabilities, net	(145,297		)	(148,439		)

Total net deferred tax liabilities	$	(124,539	)	$	(124,659	)

Summary of Valuation Allowance [Table Text Block]

The changes in valuation allowances against deferred income tax assets were as follows:



	Fiscal Year ended June 30,
	2015			2014
Balance at beginning of year	$	9,830		$	10,456
Additions charged to income tax expense	214			2,226
Reductions credited to income tax expense	—			(760		)
Net change from liquidations, tax rate changes and other	—			(3,036		)
Currency translation adjustments	(989		)	944
Balance at end of year	$	9,055		$	9,830

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

Unrecognized tax benefits, including interest and penalties, activity is summarized below:



	Fiscal Year ended June 30,
	2015			2014			2013
Balance at beginning of year	$	2,351		$	2,507		$	1,337
Additions based on tax positions related to the current year	722			750			574
Additions for acquired companies	—			—			941
Reductions due to lapse in statute of limitations and settlements	(753		)	(906		)	(345		)
Balance at end of year	$	2,320		$	2,351		$	2,507