Flexsteel Industries (FLXS) 10-K 28 Aug 14 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Jun. 30, 2014	Aug. 21, 2014	Dec. 31, 2013
Document And Entity Information [Abstract]	'	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Jun-14	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'FY	'	'
Entity Registrant Name	'FLEXSTEEL INDUSTRIES INC	'	'
Entity Central Index Key	'0000037472	'	'
Current Fiscal Year End Date	'--06-30	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Public Float	'	'	$147,778,235
Entity Common Stock, Shares Outstanding	'	7,370,735	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash	$22,176	$10,934
Trade receivables - less allowance for doubtful accounts: 2012, $0; 2011, $2,000	38,536	36,075
Inventories	97,940	92,417
Deferred income taxes	4,230	4,970
Other	2,528	4,805
Total current assets	165,410	149,201
NONCURRENT ASSETS:	'	'
Property, plant and equipment, net	31,900	32,145
Deferred income taxes	2,170	1,190
Other assets	10,733	10,003
TOTAL	210,213	192,539
LIABILITIES AND SHAREHOLDERS' EQUITY	'	'
Accounts payable - trade	15,818	13,927
Accrued liabilities:	'	'
Payroll and related items	8,452	7,836
Insurance	4,602	4,667
Other	7,894	9,072
Total current liabilities	36,766	35,502
LONG-TERM LIABILITIES:	'	'
Deferred compensation	3,396	2,414
Other liabilities	3,316	3,386
Total liabilities	43,478	41,302
COMMITMENTS AND CONTINGENCIES (Note 12)	'	'
SHAREHOLDERS' EQUITY:	'	'
Cumulative preferred stock - $50 par value; authorized 60,000 shares; outstanding - none	'	'
Undesignated (subordinated) stock - $1 par value; authorized 700,000 shares; outstanding - none	'	'
Common stock - $1 par value; authorized 15,000,000 shares; outstanding 2012, 0,000,000 shares; 2011, 6,710,612 shares	7,371	7,107
Additional paid-in capital	15,386	10,615
Retained earnings	145,234	134,606
Accumulated other comprehensive loss	-1,256	-1,091
Total shareholders' equity	166,735	151,237
TOTAL	$210,213	$192,539

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, except Share data, unless otherwise specified
Consolidated Balance Sheets [Abstract]	'	'
Trade receivables, allowance for doubtful accounts	$1,370	$1,560
Cumulative Preferred stock, par value	$50	$50
Cumulative Preferred stock, authorized	60,000	60,000
Cumulative Preferred stock, outstanding	0	0
Undesignated (subordinated) stock, par value	$1	$1
Undesignated (subordinated) stock, authorized	700,000	700,000
Undesignated (subordinated) stock, outstanding	0	0
Common stock, par value	$1	$1
Common stock, authorized	15,000,000	15,000,000
Common stock, outstanding	7,370,735	7,106,723

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Consolidated Statements Of Operations [Abstract]	'	'	'
NET SALES	$438,543	$386,189	$352,089
COST OF GOODS SOLD	-338,280	-295,720	-266,810
GROSS MARGIN	100,263	90,469	85,279
SELLING, GENERAL AND ADMINISTRATIVE	-71,727	-70,198	-65,033
LITIGATION SETTLEMENT COSTS	-6,250	'	'
OPERATING INCOME (LOSS)	22,286	20,271	20,246
OTHER INCOME (EXPENSE):	'	'	'
Interest and other income	1,514	610	422
INCOME (LOSS) BEFORE INCOME TAXES	23,800	20,881	20,668
INCOME TAX (PROVISION) BENEFIT	-8,810	-7,730	-7,600
NET INCOME (LOSS)	$14,990	$13,151	$13,068
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:	'	'	'
Basic	7,231	7,041	6,781
Diluted	7,511	7,326	7,008
EARNINGS (LOSS) PER SHARE OF COMMON STOCK:	'	'	'
Basic	$2.07	$1.87	$1.93
Diluted	$2	$1.80	$1.86
CASH DIVIDENDS DECLARED PER COMMON SHARE	$0.60	$0.60	$0.45

Consolidated_Statements_Of_Com

Consolidated Statements Of Comprehensive Income (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Abstract]	'	'	'
Net income	$14,990	$13,151	$13,068
Unrealized (losses) gains on securities in supplemental retirement plans	674	452	141
Reclassification of Realized gain on supplemental retirement plans to other income	-1,316	-356	-146
Other Comprehensive Income(Loss) Before Taxes	-642	96	-5
Income tax benefit (expense) related to securities in supplemental retirement plans gains (losses)	244	-36	2
Net unrealized (losses) gains on securities in supplemental retirement plans gains(losses)	-398	60	-3
Minimum pension liability	376	787	-1,771
Income tax benefit (expense) related to minimum pension liability	-143	-299	670
Net minimum pension liability	233	488	-1,101
Other comprehensive (loss) income, net of tax	-165	548	-1,104
Comprehensive income	14,825	13,699	11,964
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	($143)	($299)	$670

Consolidated_Statements_Of_Cha

Consolidated Statements Of Changes In Shareholders' Equity (USD $)	Total Par Value Of Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
In Thousands, unless otherwise specified
Balance at Jun. 30, 2011	$6,711	$6,698	$115,699	($535)	$128,573
Issuance of common stock:	'	'	'	'	'
Stock options exercised, net	156	761	'	'	917
Unrealized gain on available for sale investments, net of tax	'	'	'	-3	-3
Long-term incentive compensation	39	761	'	'	800
Stock-based compensation	'	256	'	'	256
Minimum pension liability adjustment, net of tax	'	'	'	-1,101	-1,101
Cash dividends declared	'	'	-3,068	'	-3,068
Net income	'	'	13,068	'	13,068
Balance at Jun. 30, 2012	6,906	8,476	125,699	-1,639	139,442
Issuance of common stock:	'	'	'	'	'
Stock options exercised, net	92	1,197	'	'	1,289
Unrealized gain on available for sale investments, net of tax	'	'	'	60	60
Long-term incentive compensation	109	442	'	'	551
Stock-based compensation	'	500	'	'	500
Minimum pension liability adjustment, net of tax	'	'	'	488	488
Cash dividends declared	'	'	-4,244	'	-4,244
Net income	'	'	13,151	'	13,151
Balance at Jun. 30, 2013	7,107	10,615	134,606	-1,091	151,237
Issuance of common stock:	'	'	'	'	'
Stock options exercised, net	223	2,165	'	'	2,388
Unrealized gain on available for sale investments, net of tax	'	'	'	-398	-398
Long-term incentive compensation	41	724	'	'	765
Stock-based compensation	'	525	'	'	525
Excess tax benefit from stock-based payment arrangements	'	1,357	'	'	1,357
Minimum pension liability adjustment, net of tax	'	'	'	233	233
Cash dividends declared	'	'	-4,362	'	-4,362
Net income	'	'	14,990	'	14,990
Balance at Jun. 30, 2014	$7,371	$15,386	$145,234	($1,256)	$166,735

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
OPERATING ACTIVITIES:	'	'	'
Net income (loss)	$14,990	$13,151	$13,068
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'	'
Depreciation	4,197	3,803	2,835
Deferred income taxes	-138	414	23
Stock-based compensation expense	1,290	1,051	1,056
Excess tax benefit from stock-based payment arrangements	-1,357	-182	'
Provision for losses on accounts receivable	6	-215	-150
Other non-cash, net	42	69	7
Gain on disposition of capital assets	-90	-18	-34
Changes in operating assets and liabilities:	'	'	'
Trade receivables	-2,467	-2,260	-2,000
Inventories	-5,523	-9,728	-9,009
Other current assets	-278	58	50
Other assets	-163	-307	-308
Accounts payable - trade	2,117	1,082	2,699
Accrued liabilities	2,986	-138	572
Other long-term liabilities	265	-665	-174
Supplemental retirement plans	360	-210	342
Net cash provided by operating activities	16,237	5,905	8,977
INVESTING ACTIVITIES:	'	'	'
Purchases of investments	-5,537	-1,086	-777
Proceeds from sales of investments	5,209	1,273	405
Proceeds from sale of capital assets	98	21	34
Capital expenditures	-4,187	-6,225	-10,939
Net cash (used in) provided by investing activities	-4,417	-6,017	-11,277
FINANCING ACTIVITIES:	'	'	'
Dividends paid	-4,323	-4,213	-2,535
Proceeds from issuance of common stock	2,388	1,107	916
Excess tax benefit from stock-based payment arrangements	1,357	182	'
Net cash used in financing activities	-578	-2,924	-1,619
Increase (decrease) in cash and cash equivalents	11,242	-3,036	-3,919
Cash and cash equivalents at beginning of year	10,934	13,970	17,889
Cash and cash equivalents at end of year	22,176	10,934	13,970
SUPPLEMENTAL INFORMATION CASH PAID DURING THE PERIOD FOR:	'	'	'
Income taxes paid (refunded)	6,880	7,250	6,237
Capital Expenditures Incurred but Not yet Paid	$35	$261	$389

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies [Abstract]	'
Summary Of Significant Accounting Policies	'
	1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	DESCRIPTION OF BUSINESS – Flexsteel Industries, Inc. and subsidiaries (the “Company”) is one of the oldest and largest manufacturer, importer and marketer of residential and commercial upholstered and wooden furniture products in the United States.  The Company’s furniture products include a broad line of quality upholstered and wooden furniture for residential and commercial use.  Product offerings include a wide variety of upholstered and wood furniture such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, bedroom furniture and home and commercial office furniture.
	PRINCIPLES OF CONSOLIDATION – the consolidated financial statements include the accounts of Flexsteel Industries, Inc. and its wholly owned subsidiaries.  All intercompany transactions and accounts have been eliminated in consolidation.
	USE OF ESTIMATES – the preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes.  Ultimate results could differ from those estimates.
	FAIR VALUE – the Company’s cash, accounts receivable, other current assets, accounts payable and certain accrued liabilities are carried at amounts which reasonably approximate their fair value due to their short-term nature.  Generally accepted accounting principles on fair value measurement for certain financial assets and liabilities require that each asset and liability carried at fair value be classified into one of the following categories: Level 1: Quoted market prices in active markets for identical assets and liabilities; Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data; or Level 3: Unobservable inputs that are not corroborated by market data.   The Company has not changed its valuation techniques in measuring the fair value of any financial assets and liabilities during the period.
	ACCOUNTS RECEIVABLE ALLOWANCES – the Company establishes accounts receivable allowances to reduce trade accounts receivable to an amount that reasonably approximates their net realizable value. The Company’s accounts receivable allowances consist of an allowance for doubtful accounts which is established through review of open accounts, historical collection, and historical write-off amounts and an allowance for estimated returns on sales of the Company’s products which is based on historical product returns, as well as existing product return authorizations. The Company records a provision against revenue for estimated returns on sales of our products in the same period that the related revenues are recognized. The amount ultimately realized from trade accounts receivable may differ from the amount estimated in the consolidated financial statements.
	INVENTORIES – are stated at the lower of cost or net realizable value.  Steel products are valued on the last‑in, first‑out (“LIFO”) method.  All other inventories are valued on the first‑in, first‑out (“FIFO”) method.
	PROPERTY, PLANT AND EQUIPMENT – is stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets.  These costs are amortized using the straight-line method over the useful lives.
	VALUATION OF LONG–LIVED ASSETS – the Company periodically reviews the carrying value of long-lived assets and estimated depreciable or amortizable lives for continued appropriateness.  This review is based upon projections of anticipated future cash flows and is performed whenever events or changes in circumstances indicate that asset carrying values may not be recoverable or that the estimated depreciable or amortizable lives may have changed. No impairments of long-lived assets or changes in depreciable or amortizable lives were incurred during fiscal 2014, 2013 and 2012.
	WARRANTY – the Company estimates the amount of warranty claims on sold product that may be incurred based on current and historical data.  The actual warranty expense could differ from the estimates made by the Company based on product performance.
	REVENUE RECOGNITION – is when both product ownership and the risk of loss have transferred to the customer, collectability is reasonably assured, and the Company has no remaining obligations. The Company’s ordering process creates persuasive evidence of the sale arrangement and the sales price is determined. The delivery of the goods to the customer completes the earnings process.  Net sales consist of product sales and related delivery charge revenue, net of adjustments for returns and allowances.  Shipping and handling costs are included in cost of goods sold.
	ADVERTISING COSTS – are charged to selling, general and administrative expense in the periods incurred.  The Company conducts no direct-response advertising programs and there are no assets related to advertising recorded on the consolidated balance sheets.  Advertising expenditures, primarily shared customer advertising in which an identifiable benefit is received and national trade-advertising programs, were approximately $6.1 million, $5.6 million and $4.9 million in fiscal 2014,  2013 and 2012, respectively.
	DESIGN, RESEARCH AND DEVELOPMENT COSTS – are charged to selling, general and administrative expense in the periods incurred.  Expenditures for design, research and development costs were approximately $2.8 million, $2.5 million and $2.3 million in fiscal 2014,  2013 and 2012, respectively.
	INSURANCE – the Company is self-insured for health care and most workers’ compensation up to predetermined amounts above which third party insurance applies.  The Company purchases specific stop-loss insurance for individual health care claims in excess of $150,000 per plan year.  For workers’ compensation the Company retains the first $50,000 per claim and purchases excess coverage up to the statutory limits for amounts in excess of the retention limit.  Losses are accrued based upon the Company’s estimates of the aggregate liability for claims incurred using certain actuarial assumptions followed in the insurance industry and based on Company experience. The Company records these insurance accruals within the accrued liabilities - insurance account on the consolidated balance sheets.
	INCOME TAXES – the Company uses the liability method of accounting for income taxes.  Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company recognizes in its financial statements the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.
	EARNINGS PER SHARE (EPS) – basic earnings per share of common stock is based on the weighted-average number of common shares outstanding during each fiscal year.  Diluted earnings per share of common stock includes the dilutive effect of potential common shares outstanding.  The Company’s potential common shares outstanding are stock options and shares associated with the long-term management incentive compensation plan. The Company calculates the dilutive effect of outstanding options using the treasury stock method.  Anti-dilutive shares are not included in the computation of diluted EPS when their exercise price was greater than the average closing market price of the common shares. The Company calculates the dilutive effect of shares related to the long-term management incentive compensation plan based on the number of shares, if any, that would be issuable if the end of the fiscal year were the end of the contingency period.
	In computing EPS for the fiscal years ended 2014, 2013 and 2012, net income as reported for each respective period is divided by the fully diluted weighted average number of shares outstanding:
		June 30,
	(in thousands)	2014	2013	2012
	Basic shares	7,231	7,041	6,781
	Potential common shares:
	Stock options	254	253	142
	Long-term incentive plan	26	32	85
		280	285	227
	Diluted shares	7,511	7,326	7,008
	Anti-dilutive shares	-	10	300
	STOCK–BASED COMPENSATION – the Company recognizes compensation expense related to the cost of employee services received in exchange for Company equity interests based on the award’s fair value at the date of grant.   See Note 8 Stock-Based Compensation.
	ACCOUNTING DEVELOPMENTS – In May 2014, the Financial Accounting Standards Board issued Revenue from Contracts with Customers, Topic 606 (Accounting Standards Update (ASU) No. 2014-09), which provides a framework for the recognition of revenue, with the objective that recognized revenues properly reflect amounts an entity is entitled to receive in exchange for goods and services. This guidance, which includes additional disclosure requirements regarding revenue, cash flows and obligations related to contracts with customers, will be effective for the Company beginning in fiscal year 2018, early adoption is not permitted.  The Company is currently evaluating the impact of adopting ASU 2014-09 on its consolidated financial statements, but believes there will be no material impact, if any.

Inventories

Inventories	12 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Inventories	'
	2.   INVENTORIES
	Inventories valued on a LIFO basis (steel) would have been approximately $1.4 million and $1.7 million higher at June 30, 2014 and 2013, respectively, if they had been valued on a FIFO basis.  At June 30, 2014 and 2013 the total value of LIFO inventory was $2.7 million and $2.6 million, respectively.  There was no material liquidation of LIFO inventory in 2014, 2013, or 2012.  A comparison of inventories is as follows:
	(in thousands)	June 30,
		2014		2013
	Raw materials	$	11,603	$	10,684
	Work in process and finished parts		5,470		5,410
	Finished goods		80,867		76,323
	Total	$	97,940	$	92,417

Property_Plant_And_Equipment

Property, Plant And Equipment	12 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant And Equipment	'
	3.   PROPERTY, PLANT AND EQUIPMENT
	(in thousands)	Estimated	June 30,
		Life (Years)	2014		2013
	Land		$	4,460	$	4,233
	Buildings and improvements	May-39		49,436		49,147
	Machinery and equipment	7-Mar		27,460		27,048
	Delivery equipment	5-Mar		19,556		18,689
	Furniture and fixtures	7-Mar		6,293		6,265
	Total			107,205		105,382
	Less accumulated depreciation			-75,305		-73,237
	Net		$	31,900	$	32,145

Other_Noncurrent_Assets

Other Noncurrent Assets	12 Months Ended
	Jun. 30, 2014
Other Noncurrent Assets [Abstract]	'
Other Noncurrent Assets	'
	4.   OTHER NONCURRENT ASSETS
	(in thousands)	June 30,
		2014		2013
	Cash value of life insurance	$	7,529	$	7,337
	Rabbi Trust assets (see Note 9)		3,095		2,529
	Other		109		137
	Total	$	10,733	$	10,003

Accrued_Liabilities_Other

Accrued Liabilities - Other	12 Months Ended
	Jun. 30, 2014
Accrued Liabilities - Other [Abstract]	'
Accrued Liabilities - Other	'
	5.   ACCRUED LIABILITIES – OTHER
	(in thousands)	June 30,
		2014		2013
	Dividends	$	1,106		$	1,067
	Income taxes		737			299
	Advertising		2,706			2,220
	Warranty		1,020			1,000
	Supplemental retirement plans - current		693			2,989
	Other		1,632			1,497
	Total	$	7,894		$	9,072

Credit_Arrangements

Credit Arrangements	12 Months Ended
	Jun. 30, 2014
Credit Arrangements [Abstract]	'
Credit Arrangements	'
	6.   CREDIT ARRANGEMENTS
	The Company maintains a credit agreement which provides short-term working capital financing up to $25.0 million with interest of LIBOR plus 1%, including up to $4.0 million of letters of credit. Letters of credit outstanding at June 30, 2014 totaled $2.7 million, leaving borrowing availability of $22.3 million. The Company did not utilize any borrowing availability under the credit facility during the year other than the aforementioned letters of credit. The credit agreement expires June 30, 2016. At June 30, 2014, the Company was in compliance with all of the financial covenants contained in the credit agreement.
	An officer of the Company is a director at a bank where the Company maintains an unsecured $8.0 million line of credit, with interest at prime minus 2%, and where its routine banking transactions are processed. The Company did not utilize any borrowing availability during the year and no amount was outstanding on the line of credit at June 30, 2014. In addition, the supplemental retirement plan assets, held in a Rabbi Trust, of $3.8 million are administered by this bank's trust department. The Company receives no special services or pricing on the services performed by the bank due to the directorship of this officer.

Income_Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	7.   INCOME TAXES
	In determining the provision for income taxes, the Company uses an estimated annual effective tax rate that is based on the annual income, statutory tax rates and permanent differences between book and tax. This includes recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns to the extent pervasive evidence exists that they will be realized in future periods. The deferred tax balances are adjusted to reflect tax rates by tax jurisdiction, based on currently enacted tax laws, which are expected to be in effect in the years in which the temporary differences are expected to reverse. In accordance with the Company’s income tax policy, significant or unusual items are separately recognized when they occur.
	The components of the gross liabilities related to unrecognized tax benefits and the related deferred tax assets are as follows:
	(in thousands)	June 30,
		June 30,
		2014			2013
	Gross unrecognized tax benefits	$	1,290		$	1,085
	Accrued interest and penalties		490			425
	Gross liabilities related to unrecognized tax benefits	$	1,780		$	1,510
	Deferred tax assets	$	520		$	440
	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
	(in thousands)		2014			2013			2012
	Balance at July 1	$	1,085		$	1000		$	970
	Additions based on tax positions related to the current year		325			265			207
	Additions for tax positions of prior years		-			100			-
	Reductions for tax positions of prior years		-120			-280			-177
	Balance at June 30	$	1,290		$	1,085		$	1,000
	The Company records interest and penalties related to income taxes as income tax expense in the consolidated statements of income. The Company does not expect that there will be any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next twelve months.
	The income tax provision is as follows for the years ended June 30:
	(in thousands)	2014			2013			2012
	Federal- current	$	8,395		$	6,750		$	6,969
	State - current		553			566			608
	Deferred		-138			414			23
	Total	$	8,810		$	7,730		$	7,600
	A reconciliation between the U.S. federal statutory tax rate and the effective tax rate is as follows for the years ended June 30:
			2014			2013			2012
	Federal statutory tax rate		35.0	%		35.0	%		35.0	%
	State taxes, net of federal effect		2.2			2.6			2.9
	Other		-0.2			-0.6			-1.1
	Effective tax rate		37.0	%		37.0	%		36.8	%
	The effective tax rate for the fiscal years ended June 30, 2014 and 2013 was 37.0% and 36.8% for fiscal year ended June 30, 2012.
	The primary components of deferred tax assets and (liabilities) are as follows:
	(in thousands)	30-Jun-14						30-Jun-13
		Current			Long-term			Current			Long-term
	Accounts receivable	$	520		$	-		$	590		$	-
	Inventory		1,660			-			1,530			-
	Self- insurance		600			-			500			-
	Employee benefits		650			-			800			-
	Accrued expenses		540			-			550			-
	Property, plant and equipment		-			-740			-			-1,150
	Supplemental retirement plans		260			1,290			1,000			810
	Other		-			1,620			-			1,530
	Total	$	4,230		$	2,170		$	4,970		$	1,190
	The Company is subject to U.S. federal income tax as well as income tax of multiple state and foreign jurisdictions.  Generally, tax years 2010–2013 remain open to examination by the Internal Revenue Service or other taxing jurisdictions to which we are subject.

StockBased_Compensation

Stock-Based Compensation	12 Months Ended
	Jun. 30, 2014
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	8.  STOCK-BASED COMPENSATION
	The Company has two stock-based compensation methods available when determining employee compensation.
		-1		Long-Term Incentive Compensation Plans
	Long-Term Incentive Compensation Plan
	The long-term incentive compensation plan provides for shares of common stock to be awarded to officers and key employees based on performance targets set by the Nominating and Compensation Committee of the Board of Directors (the “Committee”). In December 2013, the Company’s shareholders approved 700,000 shares to be issued under the plan. As of June 30, 2014, no shares have been issued.  The Committee selected fully-diluted earnings per share as the performance goal for the three-year performance period July 1, 2013 – June 30, 2016. Stock awards will be issued to participants as soon as practicable following the end of the performance periods subject to Committee approval and verification of results. The compensation cost related to the number of shares to be granted under each performance period is fixed on the grant date, which is the date the performance period begins.
	The Company recorded expense of $0.5 million for the fiscal year ended June 30, 2014 related to this plan. If the target performance goals would be achieved, the total amount of compensation cost recognized over the requisite service periods (2014-2016) would be $1.1 million.
	The aggregate number of shares that could be awarded to key executives if the minimum, target or maximum performance goals are met is as follows:
	(in thousands)
	Performance Period		Minimum		Target			Maximum
	Fiscal Year 2014 - 2016		16			47		90
	2007 Long-Term Management Incentive Plan (2007 Plan)
	The plan provides for shares of common stock and cash to be awarded to officers and key employees based on performance targets set by the Nominating and Compensation Committee of the Board of Directors (the “Committee”). The Company’s shareholders approved 500,000 shares to be issued under the plan.  Due to the adoption of the Long-Term Incentive Compensation Plan in December 2013, no additional shares can be awarded under the 2007 Plan. As of June 30, 2014, 189,030 shares have been issued. The Committee selected consolidated operating results for organic net sales growth and fully-diluted earnings per share for the three-year performance periods beginning July 1, 2011 and ending on June 30, 2014 and beginning July 1, 2012 and ending on June 30, 2015. The Committee has also specified that payouts, if any, for awards earned in these performance periods will be 60% stock and 40% cash.  Awards will be paid to participants as soon as practicable following the end of the performance periods subject to Committee approval and verification of results. The compensation cost related to the number of shares to be granted under each performance period is fixed on the grant date, which is the date the performance period begins.  The compensation cost related to the cash portion of the award is re-measured based on the equity award’s estimated fair value at the end of each reporting period. The accrual is based on the probable outcomes of the performance conditions. The short-term portion of the recorded cash award payable is classified within current liabilities, payroll and related items, and the long-term portion of the recorded cash award payable is classified within other long-term liabilities in the consolidated balance sheets. As of June 30, 2014 and 2013, the Company has recorded the cash-portion of awards payable of $0.6 million within current liabilities and $0.4 million within long-term liabilities. For the fiscal years ended June 30, 2014, 2013 and 2012, the Company recorded expense of $0.9 million, $1.2 million and $1.8 million, respectively.
	For the fiscal years 2012 – 2014 awards, based on the Company’s performance during the period, $1.0 million of compensation expense has been recognized over the requisite service periods. If the target performance goals would be achieved for the fiscal years 2013-2015 awards, the amount of compensation cost recognized over the requisite service periods would be $1.0 million based on the fair values at June 30, 2014.
	The aggregate number of shares and cash that could be awarded to key executives if the minimum, target or maximum performance goals are met is as follows:
	(in thousands)		Minimum				Target				Maximum
	Performance Period		Shares		Cash		Shares		Cash		Shares	Cash
	Fiscal Year 2012 - 2014		8		$	298	22		$	853	35	$	1,365
	Fiscal Year 2013 - 2015		8		$	333	23		$	951	36	$	1,522
		-2		Stock Plans
	Omnibus Stock Plan
	The Omnibus Stock Plan is for key employees, officers and directors and provides for the granting of incentive and nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights and performance units. In December 2013, the Company’s shareholders approved 700,000 shares to be issued under the plan. The options are exercisable up to 10 years from the date of grant. It is the Company’s policy to issue new shares upon exercise of stock options. The Company accepts shares of the Company’s common stock as payment for the exercise price of options. These shares received as payment are retired upon receipt.
	In fiscal year 2014, the Company issued options for 57,450 common shares at a weighted average exercise price of $27.49 (the fair market value on the date of grant). The options were immediately available for exercise. For fiscal year ended June 30, 2014, the Company recorded expense of $0.4 million.  The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for grants in fiscal year 2014 under this plan; dividend yield of 2.2%; expected volatility of 32.6%; risk-free interest rate of 1.5%; and an expected life of 5 years. The expected volatility and expected life are determined based on historical data. The weighted-average grant date fair value of stock options granted during fiscal year 2014 was $6.63. The cash proceeds from stock options exercised were $0.1 million for fiscal years ended 2014. At June 30, 2014, 641,550 shares were available for future grants.
	2002, 2006 and 2009 Stock Option Plans
	The stock option plans were for key employees, officers and directors and provide for granting incentive and nonqualified stock options.  Under the plans, options were granted at an exercise price equal to the fair market value of the underlying common stock at the date of grant and exercisable for up to 10 years.  All options were exercisable when granted. Due to the adoption of the Omnibus Stock Plan in December 2013, no additional options can be granted under the 2002, 2006 and 2009 stock option plans.
	There were no options granted and no expense was recorded under these Plans during the fiscal year ended June 30, 2014. For fiscal years ended June 30, 2013 and 2012, the Company issued options for 89,300 and 82,500 common shares at weighted average exercise prices of $20.31 and  $13.87 (the fair market value on the date of grant), respectively.  The options were immediately available for exercise. The Company recorded compensation expense of $0.5 million and $0.3 million during fiscal years ended 2013 and 2012, respectively.
	The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for grants in fiscal 2013 and 2012, respectively; dividend yield of 2.5% and 2.9%; expected volatility of 35.4% and 34.4%; risk-free interest rate of 0.8% and 0.9%; and an expected life of 5, respectively. The expected volatility and expected life are determined based on historical data.
	The weighted-average grant date fair value of stock options granted during fiscal years 2013 and 2012 was $5.06 and $3.11, respectively. The cash proceeds from stock options exercised were $2.3 million, $1.1 million and $0.9 million, respectively, for fiscal years ended 2014, 2013 and 2012.  The income tax benefit related to the exercise of stock options was $0.4 million, $0.2 million and $0.1 million for fiscal years ended 2014, 2013 and 2012, respectively.
	A summary of the status of the Company’s stock option plans as of June 30, 2014, 2013 and 2012 and the changes during the years then ended is presented below:
								Aggregate
			Shares			Weighted Average		Intrinsic Value
			(in thousands)			Exercise Price		(in thousands)
	Outstanding and exercisable at June 30, 2012		818		$	13.94	$	4,783
	Granted		89			20.31
	Exercised		-109			13.38
	Canceled		-11			16.09
	Outstanding and exercisable at June 30, 2013		787			14.71	$	7,609
	Granted		58			27.49
	Exercised		-292			15.55
	Canceled		-29			19.35
	Outstanding and exercisable at June 30, 2014		524		$	15.39	$	9,403
	The following table summarizes information for options outstanding and exercisable at June 30, 2014:
						Weighted Average
		Range of		Options		Remaining		Exercise
		Prices		Outstanding		Life (Years)		Price
				(in thousands)
	$	6.81 - 8.55		93		5.0	$	7.73
		12.35-13.90		153		4.4		12.93
		14.40 - 17.23		150		3.1		15.83
		19.21 - 27.57		128		8.8		23.33
	$	6.81 – 27.57		524		5.2		15.39

Benefit_And_Retirement_Plans

Benefit And Retirement Plans

12 Months Ended

Jun. 30, 2014

Benefit And Retirement Plans [Abstract]

'

Benefit And Retirement Plans

'

9.   BENEFIT AND RETIREMENT PLANS

Defined Contribution and Retirement Plans

The Company sponsors various defined contribution retirement plans, which cover substantially all employees, other than employees covered by multi-employer pension plans under collective bargaining agreements.  Total pension and retirement plan expense was $1.9 million, $1.8 million and $1.6 million in fiscal years 2014,  2013 and 2012.  The amounts include $0.5 million in fiscal year 2014, $0.5 million in fiscal 2013 and $0.4 million in fiscal years 2012, for the Company’s matching contribution to retirement savings plans.

Multi-employer Pension Plans

The Company contributes to three multi-employer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees.  The risks of participating in these multi-employer plans are different from single-employer plans in the following aspects:

·

Assets contributed to the multi-employer plan by one employer may be used to provide benefits to employees of other participating employers.

·

If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be shared by the remaining participating employers.

·

If a participating employer chooses to stop participating in some of its multi-employer plans, the employer may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.

The Company’s participation in these plans for the annual period ended June 30, 2014, is outlined in the following table. Unless otherwise noted, the most recent Pension Protection Act zone status available in 2014 and 2013 is for the plan’s year-end at December 31, 2013 and 2012, respectively.  The zone status is based on information that the Company received from the plan and is certified by the plan’s actuary.  Among other factors, plans in the red zone are generally less that 65 percent funded, plans in the yellow zone are between 65 percent and 80 percent funded, and plans in the green zone are at least 80 percent funded.

Pension Protection

Expiration Date

Number of

Act Zone Status

Company Contributions

of Collective

Company

EIN/Pension

June 30,

Rehabilitation

(in thousands)

Surcharge

Bargaining

Employees

Pension Fund

Plan Number

2014

2013

Plan Status

2014

2013

2012

Imposed

Agreement

in Plan

Central States SE and

36-6044243

Red

Red

Implemented

$

252

$

243

$

254

No

3/28/15

19

SW Areas Pension Fund

Steelworkers Pension Trust

23-6648508

Green

Green

No

380

347

285

No

10/31/15

196

Central Pension Fund

36-6052390

Green

Green

No

7

7

7

No

5/31/17

3

$

639

$

597

$

546

The cumulative cost to exit the Company’s multi-employer plans was approximately $8.9 million on June 30, 2014

Supplemental Retirement Plans

The Company has unfunded supplemental retirement plans with executive officers. The plans require various annual contributions for the participants based upon compensation levels and age.  All participants are fully vested. At June 30, 2014 and 2013, the supplemental retirement plan liability was $4.1 million and $5.4 million, respectively, of which $0.7 million and $3.0 million were recorded in other current liabilities and $3.4 million and $2.4 million were recorded in other long-term liabilities, respectively. The Company maintains supplemental retirement plans, collectively referred to as the Supplemental Plan, which provides for additional annual defined contributions toward retirement benefits to certain of the Company’s executive officers. For fiscal 2014,  2013 and 2012, the benefit obligation was increased by interest expense of $1.4 million, $0.5 million and $0.3 million, deposits of $0.3 million, $0.5 million and $0.4 million, and decreased by payments of $3.1 million, $1.3 million and $0.4 million, respectively. Funds of the deferred compensation plans are held in a Rabbi Trust. The assets held in the Rabbi Trust are not available for general corporate purposes. The Rabbi Trust is subject to creditor claims in the event of insolvency, but otherwise must be used only for purposes of providing benefits under the plans. As of June 30, 2014, the Company’s deferred compensation plan assets, held in the Rabbi Trust, were invested in stock and bond funds and are recorded in the consolidated balance sheets at fair market value. As of June 30, 2014 and 2013, the fair market value of the assets held in the Rabbi Trust were $3.8 million and $5.8 million, respectively, $0.7 million and $3.3 million, respectively, of the assets are classified as other current assets and $3.1 million and $2.5 million, respectively, are classified as other assets in the consolidated balance sheets. These assets are classified as Level 2 in accordance with fair value accounting as discussed in Note 1.

Defined Benefit Plan

The Company’s defined benefit pension plan is frozen.  There are a total of 408 participants in the plan.  Retirement benefits are based on years of credited service multiplied by a dollar amount negotiated under collective bargaining agreements.  The Company’s policy is to fund normal costs and amortization of prior service costs at a level that is equal to or greater than the minimum required under the Employee Retirement Income Security Act of 1974 (ERISA).  As of June 30, 2014 and 2013, the Company recorded an accrued benefit liability related to the funded status of the defined benefit pension plan recognized on the Company’s consolidated balance sheets in other long-term liabilities of $0.7 million and $1.5 million, respectively. The accumulated benefit obligation was $7.8 million and $7.4 million at fiscal years ended June 30, 2014 and 2013, respectively.  The Company recorded expense of $0.1 million, $0.1 million and $0.0 million during fiscal years 2014,  2013 and 2012, respectively, related to the plan.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]	'
Accumulated Other Comprehensive Income (Loss)	'
	10.ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	The components of accumulated other comprehensive loss, net of income taxes, are as follows:
			June 30,
	(in thousands)		2014		2013		2012
	Available-for-sale securities, net of tax (1)		$	-5	$	394	$	334
	Pension and other post-retirement benefit adjustments, net of tax (2)			-1,251		-1,485		-1,973
	Total accumulated other comprehensive loss		$	-1,256	$	-1,091	$	-1,639
		-1		The tax effect on the available-for-sale securities is a tax (benefit) expense of $(0.0) million, $0.2 million and $0.2 million at June 30, 2014, 2013 and 2012, respectively.
		-2		The tax effect on the pension and other post-retirement benefit adjustments is a tax benefit of $0.8 million, $0.9 million and $1.2 million at June 30, 2014, 2013 and 2012, respectively.

Litigation

Litigation	12 Months Ended
	Jun. 30, 2014
Litigation [Abstract]	'
Litigation	'
	11.  LITIGATION
	Indiana Civil Litigation – In December 2013, the Company entered into a confidential agreement to settle the Indiana Civil Litigation. The Company paid $6.25 million to Plaintiffs to settle the matter without admission of wrongdoing. The Company continues to believe that it did not cause or contribute to the contamination. This settlement is recorded as litigation settlement costs in the consolidated statements of income.
	During the fiscal years ended June 30, 2014, 2013 and 2012, the Company recorded $2.1 million, $2.3 million and $2.4 million, respectively, in legal and other related expenses that were incurred responding to the lawsuits and pursuing insurance coverage. These expenses are included in SG&A expense in the consolidated statements of income.
	During the fiscal year ended June 30, 2014, the Company received approximately $2.8 million from insurance carriers to reimburse the Company for certain legal defense costs. These reimbursement amounts are recorded in SG&A as a reduction of legal expenses. The Company did not receive reimbursements for certain legal defense costs during fiscal years 2013 and 2012. The Company will continue to pursue the recovery of additional defense and settlement costs from insurance carriers. Based on policy language and jurisdiction, insurance coverage is in question. The Company filed an appeal to the Iowa Supreme Court regarding two adverse opinions of an Iowa District Court regarding coverage issues. The Iowa Court of Appeals reversed the District Court, ruling in favor of the Company, and the Iowa Supreme Court denied further review. The cases have now been returned to the Iowa District Court for further proceedings.
	Other Proceedings – From time to time, the Company is subject to various other legal proceedings, including lawsuits, which arise out of, and are incidental to, the conduct of the Company’s business. The Company does not consider any of such other proceedings that are currently pending, individually or in the aggregate, to be material to its business or likely to result in a material effect on its consolidated operating results, financial condition, or cash flows.

Commitments_And_Contingencies

Commitments And Contingencies	12 Months Ended
	Jun. 30, 2014
Commitments And Contingencies [Abstract]	'
Commitments And Contingencies	'
	12.  COMMITMENTS AND CONTINGENCIES
	FACILITY LEASES – the Company leases certain facilities and equipment under various operating leases. These leases require the Company to pay the lease cost, operating costs, including property taxes, insurance, and maintenance.  Total lease expense related to the various operating leases was approximately $2.8 million, $2.5 million and $2.2 million in fiscal 2014,  2013 and 2012, respectively.
	Expected future minimum commitments under operating leases as of June 30, 2014 were as follows:
	(in thousands)
	Fiscal Year Ended June 30,
	2015	$	2,781
	2016		2,464
	2017		1,675
	2018		1,727
	2019		1,781
	Thereafter		1,653
		$	12,081

Segment_Reporting

Segment Reporting	12 Months Ended
	Jun. 30, 2013
Segment Reporting [Abstract]	'
Segment Reporting	'
	13.  SEGMENT REPORTING
	The Company operates in one reportable segment, furniture products. Our operations involve the distribution of manufactured and imported furniture for residential and commercial markets. The Company’s furniture products are sold primarily throughout the United States by the Company’s internal sales force and various independent representatives. The Company makes minimal export sales. No single customer accounted for more than 10% of net sales.
	Set forth below is information for the past three fiscal years showing the Company’s net sales attributable to each of the areas of application:
	(in thousands)	FOR THE YEARS ENDED JUNE 30,
		2014		2013		2012
	Residential	$	359,565	$	311,214	$	275,442
	Commercial		78,978		74,975		76,647
		$	438,543	$	386,189	$	352,089

Subsequent_Event

Subsequent Event	12 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Event	'
	14.  SUBSEQUENT EVENT
	On August 8, 2014, the Company entered into an agreement with ELHC I, LLC (the Seller), to purchase real property from the Seller for $24.1 million. The real property is located in Edgerton, Kansas and includes approximately 26.6 acres of land together with a building of approximately 500,000 square feet. The Company intends to utilize available cash and borrowing availability to fund the transaction.

Supplementary_Quarterly_Financ

Supplementary Quarterly Financial Information	12 Months Ended
	Jun. 30, 2014
Supplementary Quarterly Financial Information [Abstract]	'
Supplementary Quarterly Financial Information	'
	15.  SUPPLEMENTARY QUARTERLY FINANCIAL INFORMATION – UNAUDITED
	(in thousands, except per share amounts)	FOR THE QUARTER ENDED
		30-Sep			31-Dec		31-Mar			30-Jun
	Fiscal 2014:
	Net sales	$	104,348		$	112,534	$	110,532		$	111,129
	Gross margin		23,645			26,059		25,044			25,515
	Litigation settlement		-			-6,250		-			-
	Net income		3,768			1,170		4,420			5,632
	Earnings per share:
	Basic	$	0.53		$	0.16	$	0.61		$	0.77
	Diluted	$	0.51		$	0.16	$	0.58		$	0.74
	(in thousands, except per share amounts)
		FOR THE QUARTER ENDED
		30-Sep				December 31						March 31			June 30
	Fiscal 2013:
	Net sales	$		91,237				$	94,590				$	98,351		$	102,010
	Gross margin			21,101					22,747					22,839			23,781
	Net income (1)			2,872					2,922					3,118			4,240
	Earnings per share:
	Basic	$		0.41				$	0.42				$	0.44		$	0.60
	Diluted	$		0.40				$	0.40				$	0.42		$	0.57

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies [Abstract]	'
Principles Of Consolidation	'
	PRINCIPLES OF CONSOLIDATION – the consolidated financial statements include the accounts of Flexsteel Industries, Inc. and its wholly owned subsidiaries.  All intercompany transactions and accounts have been eliminated in consolidation.
Use Of Estimates	'
	USE OF ESTIMATES – the preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes.  Ultimate results could differ from those estimates.
Fair Value	'
	FAIR VALUE – the Company’s cash, accounts receivable, other current assets, accounts payable and certain accrued liabilities are carried at amounts which reasonably approximate their fair value due to their short-term nature.  Generally accepted accounting principles on fair value measurement for certain financial assets and liabilities require that each asset and liability carried at fair value be classified into one of the following categories: Level 1: Quoted market prices in active markets for identical assets and liabilities; Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data; or Level 3: Unobservable inputs that are not corroborated by market data.   The Company has not changed its valuation techniques in measuring the fair value of any financial assets and liabilities during the period.
Allowance For Doubtful Accounts	'
	ACCOUNTS RECEIVABLE ALLOWANCES – the Company establishes accounts receivable allowances to reduce trade accounts receivable to an amount that reasonably approximates their net realizable value. The Company’s accounts receivable allowances consist of an allowance for doubtful accounts which is established through review of open accounts, historical collection, and historical write-off amounts and an allowance for estimated returns on sales of the Company’s products which is based on historical product returns, as well as existing product return authorizations. The Company records a provision against revenue for estimated returns on sales of our products in the same period that the related revenues are recognized. The amount ultimately realized from trade accounts receivable may differ from the amount estimated in the consolidated financial statements.
Inventories	'
	INVENTORIES – are stated at the lower of cost or net realizable value.  Steel products are valued on the last‑in, first‑out (“LIFO”) method.  All other inventories are valued on the first‑in, first‑out (“FIFO”) method.
Property, Plant And Equipment	'
	PROPERTY, PLANT AND EQUIPMENT – is stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets.  These costs are amortized using the straight-line method over the useful lives.
Valuation Of Long-Lived Assets	'
	VALUATION OF LONG–LIVED ASSETS – the Company periodically reviews the carrying value of long-lived assets and estimated depreciable or amortizable lives for continued appropriateness.  This review is based upon projections of anticipated future cash flows and is performed whenever events or changes in circumstances indicate that asset carrying values may not be recoverable or that the estimated depreciable or amortizable lives may have changed. No impairments of long-lived assets or changes in depreciable or amortizable lives were incurred during fiscal 2014, 2013 and 2012.
Warranty	'
	WARRANTY – the Company estimates the amount of warranty claims on sold product that may be incurred based on current and historical data.  The actual warranty expense could differ from the estimates made by the Company based on product performance.
Revenue Recognition	'
	REVENUE RECOGNITION – is when both product ownership and the risk of loss have transferred to the customer, collectability is reasonably assured, and the Company has no remaining obligations. The Company’s ordering process creates persuasive evidence of the sale arrangement and the sales price is determined. The delivery of the goods to the customer completes the earnings process.  Net sales consist of product sales and related delivery charge revenue, net of adjustments for returns and allowances.  Shipping and handling costs are included in cost of goods sold.
Advertising Costs	'
	ADVERTISING COSTS – are charged to selling, general and administrative expense in the periods incurred.  The Company conducts no direct-response advertising programs and there are no assets related to advertising recorded on the consolidated balance sheets.  Advertising expenditures, primarily shared customer advertising in which an identifiable benefit is received and national trade-advertising programs, were approximately $6.1 million, $5.6 million and $4.9 million in fiscal 2014,  2013 and 2012, respectively.
Design, Research And Development Costs	'
	DESIGN, RESEARCH AND DEVELOPMENT COSTS – are charged to selling, general and administrative expense in the periods incurred.  Expenditures for design, research and development costs were approximately $2.8 million, $2.5 million and $2.3 million in fiscal 2014,  2013 and 2012, respectively.
Insurance	'
	INSURANCE – the Company is self-insured for health care and most workers’ compensation up to predetermined amounts above which third party insurance applies.  The Company purchases specific stop-loss insurance for individual health care claims in excess of $150,000 per plan year.  For workers’ compensation the Company retains the first $50,000 per claim and purchases excess coverage up to the statutory limits for amounts in excess of the retention limit.  Losses are accrued based upon the Company’s estimates of the aggregate liability for claims incurred using certain actuarial assumptions followed in the insurance industry and based on Company experience. The Company records these insurance accruals within the accrued liabilities - insurance account on the consolidated balance sheets.
Income Taxes	'
	INCOME TAXES – the Company uses the liability method of accounting for income taxes.  Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company recognizes in its financial statements the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.
Earnings (Loss) Per Share	'
	EARNINGS PER SHARE (EPS) – basic earnings per share of common stock is based on the weighted-average number of common shares outstanding during each fiscal year.  Diluted earnings per share of common stock includes the dilutive effect of potential common shares outstanding.  The Company’s potential common shares outstanding are stock options and shares associated with the long-term management incentive compensation plan. The Company calculates the dilutive effect of outstanding options using the treasury stock method.  Anti-dilutive shares are not included in the computation of diluted EPS when their exercise price was greater than the average closing market price of the common shares. The Company calculates the dilutive effect of shares related to the long-term management incentive compensation plan based on the number of shares, if any, that would be issuable if the end of the fiscal year were the end of the contingency period.
	In computing EPS for the fiscal years ended 2014, 2013 and 2012, net income as reported for each respective period is divided by the fully diluted weighted average number of shares outstanding:
		June 30,
	(in thousands)	2014	2013	2012
	Basic shares	7,231	7,041	6,781
	Potential common shares:
	Stock options	254	253	142
	Long-term incentive plan	26	32	85
		280	285	227
	Diluted shares	7,511	7,326	7,008
	Anti-dilutive shares	-	10	300
Stock-Based Compensation	'
	STOCK–BASED COMPENSATION – the Company recognizes compensation expense related to the cost of employee services received in exchange for Company equity interests based on the award’s fair value at the date of grant.   See Note 8 Stock-Based Compensation.
Accounting Developments	'
	ACCOUNTING DEVELOPMENTS – In May 2014, the Financial Accounting Standards Board issued Revenue from Contracts with Customers, Topic 606 (Accounting Standards Update (ASU) No. 2014-09), which provides a framework for the recognition of revenue, with the objective that recognized revenues properly reflect amounts an entity is entitled to receive in exchange for goods and services. This guidance, which includes additional disclosure requirements regarding revenue, cash flows and obligations related to contracts with customers, will be effective for the Company beginning in fiscal year 2018, early adoption is not permitted.  The Company is currently evaluating the impact of adopting ASU 2014-09 on its consolidated financial statements, but believes there will be no material impact, if any.

Recovered_Sheet1

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		June 30,
	(in thousands)	2014	2013	2012
	Basic shares	7,231	7,041	6,781
	Potential common shares:
	Stock options	254	253	142
	Long-term incentive plan	26	32	85
		280	285	227
	Diluted shares	7,511	7,326	7,008
	Anti-dilutive shares	-	10	300

Inventories_Tables

Inventories (Tables)	12 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Comparison Of Inventories	'
	(in thousands)	June 30,
		2014		2013
	Raw materials	$	11,603	$	10,684
	Work in process and finished parts		5,470		5,410
	Finished goods		80,867		76,323
	Total	$	97,940	$	92,417

Property_Plant_And_Equipment_T

Property, Plant And Equipment (Tables)	12 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Schedule Of Property, Plant And Equipment	'
	(in thousands)	Estimated	June 30,
		Life (Years)	2014		2013
	Land		$	4,460	$	4,233
	Buildings and improvements	May-39		49,436		49,147
	Machinery and equipment	7-Mar		27,460		27,048
	Delivery equipment	5-Mar		19,556		18,689
	Furniture and fixtures	7-Mar		6,293		6,265
	Total			107,205		105,382
	Less accumulated depreciation			-75,305		-73,237
	Net		$	31,900	$	32,145

Other_Noncurrent_Assets_Tables

Other Noncurrent Assets (Tables)	12 Months Ended
	Jun. 30, 2014
Other Noncurrent Assets [Abstract]	'
Schedule Of Other Noncurrent Assets	'
	(in thousands)	June 30,
		2014		2013
	Cash value of life insurance	$	7,529	$	7,337
	Rabbi Trust assets (see Note 9)		3,095		2,529
	Other		109		137
	Total	$	10,733	$	10,003

Accrued_Liabilities_Other_Tabl

Accrued Liabilities - Other (Tables)	12 Months Ended
	Jun. 30, 2014
Accrued Liabilities - Other [Abstract]	'
Schedule Of Accrued Liabilities - Other	'
	(in thousands)	June 30,
		2014		2013
	Dividends	$	1,106		$	1,067
	Income taxes		737			299
	Advertising		2,706			2,220
	Warranty		1,020			1,000
	Supplemental retirement plans - current		693			2,989
	Other		1,632			1,497
	Total	$	7,894		$	9,072

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Components Of The Gross Liabilities Related To Unrecognized Tax Benefits And The Related Deferred Tax Assets	'
	(in thousands)	June 30,
		June 30,
		2014			2013
	Gross unrecognized tax benefits	$	1,290		$	1,085
	Accrued interest and penalties		490			425
	Gross liabilities related to unrecognized tax benefits	$	1,780		$	1,510
	Deferred tax assets	$	520		$	440
Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits	'
	(in thousands)		2014			2013			2012
	Balance at July 1	$	1,085		$	1000		$	970
	Additions based on tax positions related to the current year		325			265			207
	Additions for tax positions of prior years		-			100			-
	Reductions for tax positions of prior years		-120			-280			-177
	Balance at June 30	$	1,290		$	1,085		$	1,000
Income Tax Provision (Benefit)	'
	(in thousands)	2014			2013			2012
	Federal- current	$	8,395		$	6,750		$	6,969
	State - current		553			566			608
	Deferred		-138			414			23
	Total	$	8,810		$	7,730		$	7,600
Reconciliation Between The U.S. Federal Statutory Tax Rate And The Effective Tax Rate	'
			2014			2013			2012
	Federal statutory tax rate		35.0	%		35.0	%		35.0	%
	State taxes, net of federal effect		2.2			2.6			2.9
	Other		-0.2			-0.6			-1.1
	Effective tax rate		37.0	%		37.0	%		36.8	%
Primary Components Of Deferred Tax Assets And (Liabilities)	'
	(in thousands)	30-Jun-14						30-Jun-13
		Current			Long-term			Current			Long-term
	Accounts receivable	$	520		$	-		$	590		$	-
	Inventory		1,660			-			1,530			-
	Self- insurance		600			-			500			-
	Employee benefits		650			-			800			-
	Accrued expenses		540			-			550			-
	Property, plant and equipment		-			-740			-			-1,150
	Supplemental retirement plans		260			1,290			1,000			810
	Other		-			1,620			-			1,530
	Total	$	4,230		$	2,170		$	4,970		$	1,190

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Schedule Of Stock Option Plans	'
								Aggregate
			Shares			Weighted Average		Intrinsic Value
			(in thousands)			Exercise Price		(in thousands)
	Outstanding and exercisable at June 30, 2012		818		$	13.94	$	4,783
	Granted		89			20.31
	Exercised		-109			13.38
	Canceled		-11			16.09
	Outstanding and exercisable at June 30, 2013		787			14.71	$	7,609
	Granted		58			27.49
	Exercised		-292			15.55
	Canceled		-29			19.35
	Outstanding and exercisable at June 30, 2014		524		$	15.39	$	9,403
Schedule Of Options Outstanding And Exercisable	'
						Weighted Average
		Range of		Options		Remaining		Exercise
		Prices		Outstanding		Life (Years)		Price
				(in thousands)
	$	6.81 - 8.55		93		5.0	$	7.73
		12.35-13.90		153		4.4		12.93
		14.40 - 17.23		150		3.1		15.83
		19.21 - 27.57		128		8.8		23.33
	$	6.81 – 27.57		524		5.2		15.39
Long-Term Management Incentive Compensation Plan [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Schedule Of Aggregate Number Of Shares And Cash That Could Be Awarded To Key Executives	'
	(in thousands)		Minimum				Target				Maximum
	Performance Period		Shares		Cash		Shares		Cash		Shares	Cash
	Fiscal Year 2012 - 2014		8		$	298	22		$	853	35	$	1,365
	Fiscal Year 2013 - 2015		8		$	333	23		$	951	36	$	1,522
New Long-Term Management Incentive Compensation Plan [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Schedule Of Aggregate Number Of Shares And Cash That Could Be Awarded To Key Executives	'
	(in thousands)
	Performance Period		Minimum		Target			Maximum
	Fiscal Year 2014 - 2016		16			47		90

Benefit_And_Retirement_Plans_T

Benefit And Retirement Plans (Tables)

12 Months Ended

Jun. 30, 2014

Multiemployer Plans [Abstract]

'

Schedule Of Multiemployer Plans

'

Pension Protection

Expiration Date

Number of

Act Zone Status

Company Contributions

of Collective

Company

EIN/Pension

June 30,

Rehabilitation

(in thousands)

Surcharge

Bargaining

Employees

Pension Fund

Plan Number

2014

2013

Plan Status

2014

2013

2012

Imposed

Agreement

in Plan

Central States SE and

36-6044243

Red

Red

Implemented

$

252

$

243

$

254

No

3/28/15

19

SW Areas Pension Fund

Steelworkers Pension Trust

23-6648508

Green

Green

No

380

347

285

No

10/31/15

196

Central Pension Fund

36-6052390

Green

Green

No

7

7

7

No

5/31/17

3

$

639

$

597

$

546

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]	'
Components Of Accumulated Other Comprehensive Loss	'
	The components of accumulated other comprehensive loss, net of income taxes, are as follows:
		June 30,
	(in thousands)	2014		2013		2012
	Available-for-sale securities, net of tax (1)	$	-5	$	394	$	334
	Pension and other post-retirement benefit adjustments, net of tax (2)		-1,251		-1,485		-1,973
	Total accumulated other comprehensive loss	$	-1,256	$	-1,091	$	-1,639

Commitments_And_Contingencies_

Commitments And Contingencies (Tables)	12 Months Ended
	Jun. 30, 2014
Commitments And Contingencies [Abstract]	'
Expected Future Minimum Commitments Under Operating Leases	'
	(in thousands)
	Fiscal Year Ended June 30,
	2015	$	2,781
	2016		2,464
	2017		1,675
	2018		1,727
	2019		1,781
	Thereafter		1,653
		$	12,081

Segment_Reporting_Tables

Segment Reporting (Tables)	12 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Schedule Of Net Sales Attributable To The Areas Of Application	'
	(in thousands)	FOR THE YEARS ENDED JUNE 30,
		2014		2013		2012
	Residential	$	359,565	$	311,214	$	275,442
	Commercial		78,978		74,975		76,647
		$	438,543	$	386,189	$	352,089

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Details) (USD $)	12 Months Ended
Share data in Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Summary Of Significant Accounting Policies [Abstract]	'	'	'
Advertising expenditures	$6,100,000	$5,600,000	$4,900,000
Design, research and development costs	2,800,000	2,500,000	2,300,000
Health care claims threshold for third party insurance	150,000	'	'
Workers' compensation threshold for third party insurance	$50,000	'	'
Potential common shares outstanding	26	32	85
Outstanding options to purchase common stock	254	253	142

Summary_of_Signficant_Accounti

Summary of Signficant Accounting Policies - Computation of Earnings Per Share (Details)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Summary Of Significant Accounting Policies [Abstract]	'	'	'
Basic	7,231	7,041	6,781
Stock options	254	253	142
Long-term incentive plan	26	32	85
Potential common shares, total	280	285	227
Diluted	7,511	7,326	7,008
Anti-dilutive shares	'	10	300

Inventories_Details

Inventories (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Inventories [Abstract]	'	'
Raw materials	$11,603,000	$10,684,000
Work in process and finished parts	5,470,000	5,410,000
Finished goods	80,867,000	76,323,000
Total inventories	97,940,000	92,417,000
Inventories valued on the FIFO method	1,400,000	1,700,000
Inventories valued on the LIFO method	$2,700,000	$2,600,000

Property_Plant_And_Equipment_D

Property, Plant And Equipment (Details) (USD $)

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

In Thousands, unless otherwise specified

Land [Member]

Land [Member]

Buildings And Building Improvements [Member]

Buildings And Building Improvements [Member]

Machinery and Equipment [Member]

Machinery and Equipment [Member]

Delivery Equipment [Member]

Delivery Equipment [Member]

Furniture And Fixtures [Member]

Furniture And Fixtures [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Buildings And Building Improvements [Member]

Machinery and Equipment [Member]

Delivery Equipment [Member]

Furniture And Fixtures [Member]

Buildings And Building Improvements [Member]

Machinery and Equipment [Member]

Delivery Equipment [Member]

Furniture And Fixtures [Member]

Property, Plant and Equipment [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total

$107,205

$105,382

$4,460

$4,233

$49,436

$49,147

$27,460

$27,048

$19,556

$18,689

$6,293

$6,265

'

'

'

'

'

'

'

'

Less accumulated depreciation

-75,305

-73,237

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net

$31,900

$32,145

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated Life (Years)

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'3 years

'3 years

'3 years

'39 years

'7 years

'5 years

'7 years

Other_Noncurrent_Assets_Detail

Other Noncurrent Assets (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Other Noncurrent Assets [Abstract]	'	'
Cash value of life insurance	$7,529,000	$7,337,000
Rabbi Trust assets (see note 9)	3,800,000	5,800,000
Other	109,000	137,000
Total	$10,733,000	$10,003,000

Accrued_Liabilities_Other_Deta

Accrued Liabilities - Other (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Accrued Liabilities - Other [Abstract]	'	'
Dividends	$1,106	$1,067
Income taxes	737	299
Advertising	2,706	2,220
Warranty	1,020	1,000
Supplemental retirement plans - current	693	2,989
Other	1,632	1,497
Total	$7,894	$9,072

Credit_Arrangements_Details

Credit Arrangements (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Credit agreement capacity	$25
Interest rate over LIBOR	1.00%
Interest rate under prime rate	2.00%
Assets Held-in-trust	3.8
Letters Of Credit [Member]	'
Credit agreement capacity	4
Line of Credit Facility, Amount Outstanding	2.7
Line of Credit Facility, Remaining Borrowing Capacity	22.3
Unsecured [Member]	'
Credit agreement capacity	$8

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details)	12 Months Ended			24 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2014
Income Taxes [Abstract]	'	'	'	'
Effective income tax rate	37.00%	37.00%	36.80%	37.00%

Income_Taxes_Components_Of_The

Income Taxes (Components Of The Gross Liabilities Related To Unrecognized Tax Benefits And The Related Deferred Tax Assets) (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
In Thousands, unless otherwise specified
Income Taxes [Abstract]	'	'	'	'
Gross unrecognized tax benefits	$1,290	$1,085	$1,000	$970
Accrued interest and penalties	490	425	'	'
Gross liabilities related to unrecognized tax benefits	1,780	1,510	'	'
Deferred tax assets	$520	$440	'	'

Income_Taxes_Reconciliation_Of

Income Taxes (Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Income Taxes [Abstract]	'	'	'
Balance	$1,085	$1,000	$970
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	-325	-265	-207
Reduction for tax positions of prior years	-120	-280	-177
Additions for tax positions of prior years	'	100	'
Balance	$1,290	$1,085	$1,000

Income_Taxes_Income_Tax_Provis

Income Taxes (Income Tax Provision (Benefit)) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Income Taxes [Abstract]	'	'	'
Federal - current	$8,395	$6,750	$6,969
State - current	553	566	608
Deferred	-138	414	23
Total	$8,810	$7,730	$7,600

Income_Taxes_Reconciliation_Be

Income Taxes (Reconciliation Between The U.S. Federal Statutory Tax Rate And The Effective Tax Rate) (Details)	12 Months Ended			24 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2014
Income Taxes [Abstract]	'	'	'	'
Federal statutory tax rate	35.00%	35.00%	35.00%	'
State taxes, net of federal effect	2.20%	2.60%	2.90%	'
Other	-0.20%	-0.60%	-1.10%	'
Effective tax rate	37.00%	37.00%	36.80%	37.00%

Income_Taxes_Primary_Component

Income Taxes (Primary Components Of Deferred Tax Assets And (Liabilities)) (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	$4,230	$4,970
Long-term	2,170	1,190
Accounts Receivable [Member]	'	'
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	520	590
Long-term	'	'
Inventory [Member]	'	'
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	1,660	1,530
Long-term	'	'
Self Insurance [Member]	'	'
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	600	500
Long-term	'	'
Employee Benefits [Member]	'	'
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	650	800
Long-term	'	'
Accrued Expenses [Member]	'	'
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	540	550
Long-term	'	'
Property, Plant and Equipment [Member]	'	'
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	'	'
Long-term	-740	-1,150
Supplemental retirement plans [Member]	'	'
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	260	1,000
Long-term	1,290	810
Other [Member]	'	'
Components Of Deferred Tax Assets And Liabilities [Line Items]	'	'
Current	'	'
Long-term	$1,620	$1,530

StockBased_Compensation_Narrat

Stock-Based Compensation (Narrative) (Details) (USD $)	12 Months Ended			36 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Period for performance awards, years	'	'	'3 years	'
Performance awards earned, percentage payable as stock	60.00%	'	'	'
Performance awards earned, percentage payable as cash	40.00%	'	'	'
Period options are excercisable	'10 years	'	'	'
Options issued under stock option plans	'	89,300	82,500	'
Weighted average exercise price of options	'	$20.31	$13.87	$20.31
Dividend yield	'	2.50%	2.90%	'
Expected volatility	'	35.40%	34.40%	'
Risk-free interest rate	'	0.80%	0.90%	'
Expected life	'	'	'	'5 years
Excess tax benefit from stock-based payment arrangements	$1,357,000	'	'	'
Long-Term Management Incentive Compensation Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Shares approved to be issued under plan	500,000	'	'	'
Shares issued	189,030	'	'	'
Cash awards payable within current liabilities	'	600,000	'	600,000
Cash awards payable within long-term liabilities	'	400,000	'	400,000
Compensation cost	900,000	1,200,000	1,800,000	'
Long-Term Management Incentive Compensation Plan [Member] | 2012-2014 [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Compensation cost	1,000,000	'	'	'
Long-Term Management Incentive Compensation Plan [Member] | 2013-2015 [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Compensation cost	1,000,000	'	'	'
Stock Option Plans [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Compensation cost	'	500,000	300,000	'
Weighted average grant date fair value	'	$5.06	$3.11	'
Excess tax benefit from stock-based payment arrangements	400,000	200,000	100,000	'
Proceeds from Stock Options Exercised	2,300,000	1,100,000	900,000	'
New Long-Term Management Incentive Compensation Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Shares approved to be issued under plan	700,000	'	'	'
Compensation cost	500,000	'	'	'
New Long-Term Management Incentive Compensation Plan [Member] | 2014-2016 [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Compensation cost	1,100,000	'	'	'
New Omnibus Stock Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Shares approved to be issued under plan	700,000	'	'	'
Compensation cost	400,000	'	'	'
Options issued under stock option plans	57,450	'	'	'
Weighted average exercise price of options	$27.49	'	'	'
Dividend yield	2.20%	'	'	'
Expected volatility	32.60%	'	'	'
Risk-free interest rate	1.50%	'	'	'
Expected life	'5 years	'	'	'
Weighted average grant date fair value	$6.63	'	'	'
Shares available for future grants	641,550	'	'	'
Proceeds from Stock Options Exercised	$100,000	'	'	'

StockBased_Compensation_Schedu

Stock-Based Compensation (Schedule Of Aggregate Number Of Shares And Cash That Could Be Awarded To Key Executives) (Details) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014
2012-2014 [Member] | Minimum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	8,000
Cash	$298
2012-2014 [Member] | Target [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	22,000
Cash	853
2012-2014 [Member] | Maximum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	35,000
Cash	1,365
2013-2015 [Member] | Minimum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	8,000
Cash	333
2013-2015 [Member] | Target [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	23,000
Cash	951
2013-2015 [Member] | Maximum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	36,000
Cash	$1,522
2014-2016 [Member] | Minimum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	16,000
2014-2016 [Member] | Target [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	47,000
2014-2016 [Member] | Maximum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares	90,000

StockBased_Compensation_Schedu1

Stock-Based Compensation (Schedule Of Stock Option Plans) (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Stock-Based Compensation [Abstract]	'	'	'
Shares, Outstanding and exercisable	787	818	'
Shares, Granted	58	89	'
Shares, Exercised	-292	-109	'
Shares, Canceled	-29	-11	'
Shares, Outstanding and exercisable	524	787	'
Weighted Average Exercise Price, Oustanding and exercisable	$14.71	$13.94	'
Weighted Average Exercise Price, Granted	$27.49	$20.31	'
Weighted Average Exercise Price, Exercised	$15.55	$13.38	'
Weighted Average Exercise Price, Canceled	$19.35	$16.09	'
Weighted Average Exercise Price, Oustanding and exercisable	$15.39	$14.71	'
Aggregate Intrinsic Value	$9,403	$7,609	$4,783

StockBased_Compensation_Schedu2

Stock-Based Compensation (Schedule Of Options Outstanding And Exercisable) (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
6.81 - 8.55 [Member]	'	'
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]	'	'
Range of Price Lower	$6.81	'
Range of Price Upper	$8.55	'
Options Outstanding	'	93
Weighted Average Remaining Life, Years	'	'5 years
Weighted Average Exercise Price	'	$7.73
12.35 - 13.90 [Member]	'	'
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]	'	'
Range of Price Lower	$12.35	'
Range of Price Upper	$13.90	'
Options Outstanding	'	153
Weighted Average Remaining Life, Years	'	'4 years 4 months 24 days
Weighted Average Exercise Price	'	$12.93
14.40 - 17.23 [Member]	'	'
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]	'	'
Range of Price Lower	$14.40	'
Range of Price Upper	$17.23	'
Options Outstanding	'	150
Weighted Average Remaining Life, Years	'	'3 years 1 month 6 days
Weighted Average Exercise Price	'	$15.83
19.21 - 27.57 [Member]	'	'
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]	'	'
Range of Price Lower	$19.21	'
Range of Price Upper	$27.57	'
Options Outstanding	'	128
Weighted Average Remaining Life, Years	'	'8 years 9 months 18 days
Weighted Average Exercise Price	'	$23.33
6.81 - 27.57 [Member]	'	'
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]	'	'
Range of Price Lower	$6.81	'
Range of Price Upper	$27.57	'
Options Outstanding	'	524
Weighted Average Remaining Life, Years	'	'5 years 2 months 12 days
Weighted Average Exercise Price	'	$15.39

Benefit_And_Retirement_Plans_N

Benefit And Retirement Plans (Narrative) (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
	employee
Total pension and retirement plan expense	$1,900,000	$1,800,000	$1,600,000
Company's matching contribution to retirement savings plans	500,000	500,000	400,000
Cumulative cost to exit multi-employer plans	8,900,000	'	'
Supplemental retirement plans - current	693,000	2,989,000	'
supplemental retirement plan-long term liability	3,400,000	2,400,000	'
Supplemental plan liabilities	4,100,000	5,400,000	'
Benefit obligation increase from interest expense	1,400,000	500,000	300,000
Benefit obligation increase from service costs	300,000	500,000	400,000
Benefit plan decrease from payments	3,100,000	1,300,000	400,000
Deferred compensation plan assets	3,800,000	5,800,000	'
Number of plan participants	408	'	'
Accrued benefit liability	700,000	1,500,000	'
Accumulated benefit obligation	7,800,000	7,400,000	'
Pension plan expense	100,000	100,000	0
Other Current Assets [Member]	'	'	'
Deferred compensation plan assets	700,000	3,300,000	'
Other Assets [Member]	'	'	'
Deferred compensation plan assets	$3,095,000	$2,529,000	'

Benefit_And_Retirement_Plans_S

Benefit And Retirement Plans (Schedule Of Multiemployer Plans) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Central States SE and SW Areas Pension Fund [Member]	'	'	'
Entity Tax Identification Number	'366044243	'	'
Multiemployer Plans, Certified Zone Status	'Red	'Red	'
Multiemployer Plans, Funding Improvement Plan and Rehabilitation Plan	'Implemented	'	'
Multiemployer Plan, Period Contributions	$252	$243	$254
Multiemployer Plans, Surcharge	'No	'	'
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date	28-Mar-15	'	'
Steelworkers Pension Trust [Member]	'	'	'
Entity Tax Identification Number	'236648508	'	'
Multiemployer Plans, Certified Zone Status	'Green	'Green	'
Multiemployer Plans, Funding Improvement Plan and Rehabilitation Plan	'No	'	'
Multiemployer Plan, Period Contributions	380	347	285
Multiemployer Plans, Surcharge	'No	'	'
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date	31-Oct-15	'	'
Central Pension Fund [Member]	'	'	'
Entity Tax Identification Number	'366052390	'	'
Multiemployer Plans, Certified Zone Status	'Green	'Green	'
Multiemployer Plans, Funding Improvement Plan and Rehabilitation Plan	'No	'	'
Multiemployer Plan, Period Contributions	$7	$7	$7
Multiemployer Plans, Surcharge	'No	'	'
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date	31-May-17	'	'

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Components Of Accumulated Other Comprehensive Income) (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
In Thousands, unless otherwise specified
Accumulated Other Comprehensive Income (Loss) [Abstract]	'	'	'
Available-for-sale securities	($5)	$394	$334
Pension and other post-retirement benefit adjustments	-1,251	-1,485	-1,973
Total accumulated other comprehensive loss	($1,256)	($1,091)	($1,639)

Litigation_Details

Litigation (Details) (USD $)	3 Months Ended		12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Litigation [Abstract]	'	'	'	'	'
Litigation Settlement, Expense	'	($6,250,000)	$6,250,000	'	'
Legal and other related expenses	'	'	2,100,000	2,300,000	2,400,000
Insurance reimbursements	'	'	$2,800,000	'	'

Commitments_And_Contingencies_1

Commitments And Contingencies (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Commitments And Contingencies [Abstract]	'	'	'
2015	$2,781,000	'	'
2016	2,464,000	'	'
2017	1,675,000	'	'
2018	1,727,000	'	'
2019	1,781,000	'	'
Thereafter	1,653,000	'	'
Total	12,081,000	'	'
Lease expense	$2,800,000	$2,500,000	$2,200,000

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Net sales	$111,129	$110,532	$112,534	$104,348	$102,010	$98,351	$94,590	$91,237	$438,543	$386,189	$352,089
Residential [Member]	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	359,565	311,214	275,442
Commercial [Member]	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	$78,978	$74,975	$76,647

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
	sqft
	acre
Subsequent Events [Abstract]	'
Payments to Acquire Real Estate	$24.10
Area of Land	26.6
Area of Real Estate Property	500,000

Supplementary_Quarterly_Financ1

Supplementary Quarterly Financial Information (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Supplementary Quarterly Financial Information [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Net sales	$111,129	$110,532	$112,534	$104,348	$102,010	$98,351	$94,590	$91,237	$438,543	$386,189	$352,089
Gross margin	25,515	25,044	26,059	23,645	23,781	22,839	22,747	21,101	100,263	90,469	85,279
Litigation Settlement, Expense	'	'	-6,250	'	'	'	'	'	6,250	'	'
Net income (1)	$5,632	$4,420	$1,170	$3,768	$4,240	$3,118	$2,922	$2,872	$14,990	$13,151	$13,068
Earnings per share: Basic	$0.77	$0.61	$0.16	$0.53	$0.60	$0.44	$0.42	$0.41	$2.07	$1.87	$1.93
Earnings per share: Diluted	$0.74	$0.58	$0.16	$0.51	$0.57	$0.42	$0.40	$0.40	$2	$1.80	$1.86