Flexsteel Industries (FLXS) 10-K 28 Aug 15 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Aug. 13, 2015	Dec. 31, 2014
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	FLEXSTEEL INDUSTRIES INC
Entity Central Index Key	37,472
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 175,522,947
Entity Common Stock, Shares Outstanding		7,491,150
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
ASSETS
Cash	$ 1,282	$ 22,176
Trade receivables - less allowances: June 30, 2015, $1,363; June 30, 2014, $1,370	45,101	38,536
Inventories	113,842	97,940
Deferred income taxes	4,220	4,230
Other	6,777	2,528
Total current assets	171,222	165,410
NONCURRENT ASSETS:
Property, plant and equipment, net	64,770	31,900
Deferred income taxes	1,870	2,170
Other assets	6,757	10,733
TOTAL	244,619	210,213
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable - trade	18,329	15,818
Notes payable short term	11,904
Accrued liabilities:
Payroll and related items	7,931	8,452
Insurance	4,308	4,602
Other	8,848	7,894
Total current liabilities	51,320	36,766
LONG-TERM LIABILITIES:
Deferred compensation	2,915	3,396
Other liabilities	3,637	3,316
Total liabilities	$ 57,872	$ 43,478
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 June 30, 2015, 7,370,735 shares	$ 7,480	$ 7,371
Additional paid-in capital	18,827	15,386
Retained earnings	162,176	145,234
Accumulated other comprehensive loss	(1,736)	(1,256)
Total shareholders' equity	186,747	166,735
TOTAL	$ 244,619	$ 210,213

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Consolidated Balance Sheets [Abstract]
Trade receivables, allowance for doubtful accounts	$ 1,400	$ 1,370
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	7,480,367	7,370,735

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statements Of Operations [Abstract]
NET SALES	$ 466,904	$ 438,543	$ 386,189
COST OF GOODS SOLD	(357,044)	(338,280)	(295,720)
GROSS MARGIN	109,860	100,263	90,469
SELLING, GENERAL AND ADMINISTRATIVE	(75,688)	(71,727)	(70,198)
LITIGATION SETTLEMENT COSTS	250	(6,250)
OPERATING INCOME (LOSS)	34,422	22,286	20,271
Interest and other income	1,267	1,514	610
Interest expense	(130)
INCOME BEFORE INCOME TAXES	35,559	23,800	20,881
INCOME TAX PROVISION	(13,260)	(8,810)	(7,730)
NET INCOME (LOSS)	$ 22,299	$ 14,990	$ 13,151
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic	7,423	7,231	7,041
Diluted	7,708	7,511	7,326
EARNINGS (LOSS) PER SHARE OF COMMON STOCK:
Basic	$ 3	$ 2.07	$ 1.87
Diluted	2.89	2	1.80
CASH DIVIDENDS DECLARED PER COMMON SHARE	$ 0.72	$ 0.60	$ 0.60

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Abstract]
Net income	$ 22,299	$ 14,990	$ 13,151
Unrealized (losses) gains on securities in supplemental retirement plans	162	674	452
Reclassification of Realized gain on supplemental retirement plans to other income	(400)	(1,316)	(356)
Other Comprehensive Income(Loss) Before Taxes	(238)	(642)	96
Income tax benefit (expense) related to securities in supplemental retirement plans gains (losses)	91	244	(36)
Net unrealized (losses) gains on securities in supplemental retirement plans gains(losses)	(147)	(398)	60
Minimum pension liability	(537)	376	787
Income tax benefit (expense) related to minimum pension liability	204	(143)	(299)
Net minimum pension liability	(333)	233	488
Other comprehensive (loss) income, net of tax	(480)	(165)	548
Comprehensive income	21,819	14,825	13,699
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	$ 204	$ (143)	$ (299)

Consolidated Statements Of Chan

Consolidated Statements Of Changes In Shareholders' Equity - USD ($) $ in Thousands	Total Par Value Of Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
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
Issuance of common stock:
Stock options exercised, net	$ 83	$ 707			790
Unrealized gain on available for sale investments, net of tax				$ (147)	(147)
Long-term incentive compensation	$ 26	$ 1,310			1,336
Stock-based compensation		607			607
Excess tax benefit from stock-based payment arrangements		$ 817			817
Minimum pension liability adjustment, net of tax				$ (333)	(333)
Cash dividends declared			$ (5,357)		(5,357)
Net income			22,299		22,299
Balance at Jun. 30, 2015	$ 7,480	$ 18,827	$ 162,176	$ (1,736)	$ 186,747

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
OPERATING ACTIVITIES:
Net income (loss)	$ 22,299	$ 14,990	$ 13,151
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation	4,945	4,197	3,803
Deferred income taxes	605	(138)	414
Stock-based compensation expense	1,943	1,290	1,051
Excess tax benefit from stock-based payment arrangements	(817)	(1,357)	(182)
Provision for losses on accounts receivable	30	6	(215)
Other non-cash, net	(28)	42	69
Gain on disposition of capital assets	(119)	(90)	(18)
Gain on life insurance policies	(745)
Proceeds from Life Insurance Policies	5,053
Changes in operating assets and liabilities:
Trade receivables	(6,596)	(2,467)	(2,260)
Inventories	(15,902)	(5,523)	(9,728)
Other current assets	(3,882)	(278)	58
Other assets	(1,024)	(163)	(307)
Accounts payable - trade	2,083	2,117	1,082
Accrued liabilities	201	2,986	(138)
Other long-term liabilities	(187)	265	(665)
Supplemental retirement plans	463	360	(210)
Net cash provided by operating activities	3,269	16,237	5,905
INVESTING ACTIVITIES:
Purchases of investments	(1,955)	(5,537)	(1,086)
Proceeds from sales of investments	1,611	5,209	1,273
Proceeds from sale of capital assets	155	98	21
Capital expenditures	(37,423)	(4,187)	(6,225)
Net cash (used in) provided by investing activities	(32,559)	(4,417)	(6,017)
FINANCING ACTIVITIES:
Proceeds from short-term borrowings, net	11,904
Dividends paid	(5,115)	(4,323)	(4,213)
Proceeds from issuance of common stock	790	2,388	1,107
Excess tax benefit from stock-based payment arrangements	817	1,357	182
Net cash used in financing activities	8,396	(578)	(2,924)
Increase (decrease) in cash and cash equivalents	(20,894)	11,242	(3,036)
Cash and cash equivalents at beginning of year	22,176	10,934	13,970
Cash and cash equivalents at end of year	1,282	22,176	10,934
SUPPLEMENTAL INFORMATION CASH PAID DURING THE PERIOD FOR:
Income taxes paid (refunded)	13,920	6,880	7,250
Capital Expenditures Incurred but Not yet Paid	$ 130	$ 35	$ 261

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
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 2015, 2014 and 2013. 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 $6.9 million, $6.1 million and $5.6 million in fiscal 2015 , 2014 and 2013 , 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 $4.1 million, $2.8 million and $2.5 million in fiscal 2015 , 2014 and 2013 , 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 $ 450,000 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 2015, 2014 and 2013, net income as reported for each respective period is divided by the fully diluted weighted average number of shares outstanding: June 30, (in thousands) 2015 2014 2013 Basic shares 7,423 7,231 7,041 Potential common shares: Stock options 255 254 253 Long-term incentive plan 30 26 32 285 280 285 Diluted shares 7,708 7,511 7,326 Anti-dilutive shares - - 10 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, was originally to be effective for the Company beginning in fiscal year 2018. In July 2015, the FASB confirmed a one year deferral of the effective date of the new revenue standard which also allows early adoption as of the original effective date. The updated guidance will be effective for the Company’s first quarter of 2019. 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, 2015
Inventories [Abstract]
Inventories	2. INVENTORIES Inventories valued on a LIFO basis (steel) would have been approximately $ 1.6 million and $1.4 million higher at June 30, 2015 and 2014 , respectively, if they had been valued on a FIFO basis. At June 30, 2015 and 2014 the total value of LIFO inventory was $ 2.6 million and $ 2.7 million, respectively. There was no material liquidation of LIFO inventory in 201 5 , 201 4 , or 201 3 . A comparison of inventories is as follows: (in thousands) June 30, 2015 2014 Raw materials $ $ Work in process and finished parts Finished goods Total $ $

Property, Plant And Equipment

Property, Plant And Equipment	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant And Equipment	3. PROPERTY, PLANT AND EQUIPMENT (in thousands) Estimated June 30, Life (Years) 2015 2014 Land $ $ Buildings and improvements 5-39 Machinery and equipment 3-7 Delivery equipment 3-5 Furniture and fixtures 3-7 Total Less accumulated depreciation Net $ $

Other Noncurrent Assets

Other Noncurrent Assets	12 Months Ended
	Jun. 30, 2015
Other Noncurrent Assets [Abstract]
Other Noncurrent Assets	4. OTHER NONCURRENT ASSETS (in thousands) June 30, 2015 2014 Cash value of life insurance $ $ Rabbi Trust assets (see Note 9) Other Total $ $

Accrued Liabilities - Other

Accrued Liabilities - Other	12 Months Ended
	Jun. 30, 2015
Accrued Liabilities - Other [Abstract]
Accrued Liabilities - Other	5. ACCRUED LIABILITIES – OTHER (in thousands) June 30, 2015 2014 Dividends $ $ Income taxes - Advertising Warranty Supplemental retirement plans - current Other Total $ $

Credit Arrangements

Credit Arrangements	12 Months Ended
	Jun. 30, 2015
Credit Arrangements [Abstract]
Credit Arrangements	6. CRED I T ARRANGEMENTS The Company maintains a credit agreement which was amended on June 29, 2015, and provides short-term working capital financing up to $ 30.0 million with interest of LIBOR plus 1 % (1.19% at June 30, 2015) , including up to $ 4.0 million of letters of credit. The amendment decreased borrowing availability from $65.0 to $30.0 million. Letters of cre dit outstanding at June 30, 2015 totaled $2.9 million. As of June 30, 2015, the Company utilized $10.6 million of borrowing availability under the credit facility, other than the aforementioned letters of credit, leaving borrowing availability of $16.5 million. The credit agreement expires December 31 , 2016. At June 30, 201 5 , 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 $10.0 million line of credit, with interest at prime minus 2% (1.25% at June 30, 2015) , and where its routine banking transactions are processed. As of June 30, 2015, t he Company utilize d borrowing availability during the year and $1.3 million was outstanding on the line of credit at June 30, 201 5 . In addition, the supplemental retirement plan assets, held in a Rabbi Trust, of $3.5 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, 2015
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, 2015 2014 Gross unrecognized tax benefits $ $ Accrued interest and penalties Gross liabilities related to unrecognized tax benefits $ $ Deferred tax assets $ $ A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (in thousands) 2015 2014 Balance at July 1 $ $ $ Additions based on tax positions related to the current year Additions for tax positions of prior years - - Reductions for tax positions of prior years Balance at June 30 $ $ $ 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) 2015 2014 2013 Federal- current $ $ $ State - current Deferred Total $ $ $ A reconciliation between the U.S. federal statutory tax rate and the effective tax rate is as follows for the years ended June 30: 2015 2014 2013 Federal statutory tax rate % % % State taxes, net of federal effect Other Effective tax rate % % % The effecti ve tax rate for the fiscal year ended June 30, 2015 was 37.3 % and 37.0 % for fiscal year s ended June 30, 2014 and 2013 . The primary components of deferred tax assets and (liabilities) are as follows: (in thousands) June 30, 2015 June 30, 2014 Current Long-term Current Long-term Accounts receivable $ $ - $ $ - Inventory - - Self-insurance - - Compensation and benefits Accrued expenses - - Property, plant and equipment - - Supplemental retirement plans Other - - Total $ $ $ $ The Company is subject to U.S. federal income tax as well as income tax of multiple state and foreign jurisdictions. Generally, tax years 201 1–2014 remain open to examination by the Internal Revenue Service or other taxing jurisdictions to which we are subject.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Jun. 30, 2015
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, 201 5 , no shares have been issued. The Committee selected fully-diluted earnings per share as the performance goal for the three-year performance period s July 1, 2013 – June 30, 2016 (2014-2016) and July 1, 2014 – June 30, 2017 (2015-2017) . 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 plan expense s of $1.1 million and $0.5 million for fiscal year s ended June 30, 2015 and 2014 respectively . If the target performance goals for 2014-2016 and 2015-2017 would be achieved, the total amount of compensation cost recognized over the requisite service periods would be $1.1 million and $1.0 million, respectively . 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 Fiscal Year 2015 – 2017 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 th e 2007 Plan. As of June 30, 2015 , 215,082 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 performanc e periods beginning July 1, 2012 and ending on June 30, 2015 (2013-2015) . 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, 2015 , the Company has recorded the cash-portion of awards payable of $ 0.7 million within current liabilities . For fiscal year ended June 30, 2014 , the Company 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, 2015, 2014 and 2013, the Company recorded expense of $0.6 million, $0.9 million and $1.2 million, respectively. For the fiscal year 2013-2015 awards, based on the Company’s performance during the period, $ 1. 2 million of compensation expense has been recognized ove r the requisite service periods . 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 2013 - 2015 $ $ $ (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. For fiscal year s 2015 and 2014, the Company issued options for 48,600 and 57,450 common shares at a weighted average exercise price of $31.48 and $27.49 (the fair market value on the date of grant) , respectively . The options were immediately available for exercise. For fiscal year s ended June 30, 2015 and 2014, the Company recorded expense of $0.4 million and $0.4 million, 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 year 2015 and 2014 , respectively, under this plan; dividend yield of 2.0% and 2.2%; expected volatility of 29.9% and 32.6%; risk-free interest rate of 1.6% and 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 s 2015 and 2014 were $7.33 and $6.63 , respectively . The cash proceeds from stock options exercised were $0.1 million for fiscal years ended 201 5 and 201 4. At June 30, 2014, 595,400 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, 201 5 and June 30, 201 4. For fiscal year ended June 30, 2013 the Company issued options for 89,300 common shares at weighted average exercise price of $ 20.31 (the fair marke t value on the date of grant) . The options were immediately available for exercise. The Company recorded compensation expense of $ 0.5 million during fiscal year ended 2013. 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 ; dividend yield of 2.5 %; expected volatility of 35.4 %; risk-free interest rate of 0.8 %; and an expected life of 5 years, 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 year 2013 was $5.06 . The cash proceeds from stock options exercised were $ 1.6 million, $ 2.3 million and $ 1.1 million, respectively, for fiscal years ended 201 5 , 201 4 and 201 3 . The income tax benefit related to the exercise of stock options was $ 0.4 million, $ 0.4 million and $ 0.2 million for fiscal years ended 201 5 , 201 4 and 201 3 , respectively. A summary of the status of the Company’s stock option plans as of June 30, 201 5 , 201 4 and 201 3 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, 2013 $ Granted Exercised Canceled Outstanding and exercisable at June 30, 2014 $ Granted Exercised Canceled Outstanding and exercisable at June 30, 2015 $ $ The following table summarizes information for options outstanding and exercisable at June 30, 201 5 : Weighted Average Range of Options Remaining Exercise Prices Outstanding Life (Years) Price (in thousands) $ 6.81 - 8.55 $ 12.35 - 14.40 17.23 - 22.82 27.38 - 32.13 $ 6.81 - 32.13 $

Benefit And Retirement Plans

Benefit And Retirement Plans	12 Months Ended
	Jun. 30, 2015
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 $ 2.0 million, $ 1.9 million and $ 1.8 million in fiscal years 2015 , 2014 and 2013 . The amounts include $ 0.5 million in fiscal year s 2015 , 2014 and 2013 , 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 a nnual period ended June 30, 2015 , is outlined in the following table. Unless otherwise noted, the most recent Pension Protection Act zone status available in 201 5 and 201 4 is for the plan’s year-end at December 31, 201 4 and 201 3 , 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 2015 2014 Plan Status 2015 2014 2013 Imposed Agreement in Plan Central States Southeast and 36-6044243 Red Red Implemented $ $ $ No 03/31/2018 15 Southwest Areas Pension Fund Steelworkers Pension Trust 23-6648508 Green Green No No 10/31/2015 197 Central Pension Fund 36-6052390 Green Green No No 05/31/2017 3 $ $ $ The cumulative cost to exit the Company’s multi-employer plans was approximately $ 9.2 million on June 30, 2015 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, 2015 and 2014 , the supplemental retirement plan liability was $ 4.1 million, of which $ 1.2 million and $ 0.7 million were recorded in other current liabilities and $2.9 million and $3.4 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 years 2015 , 2014 and 2013 , the benefit obligation was increased by interest expense of $ 0.5 million, $ 1.4 million and $ 0.5 million, deposits of $ 0.3 million, $ 0.3 million and $ 0.5 million, and decreased by payments of $ 0.9 million, $ 3.1 million and $ 1.3 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, 2015 , 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, 2015 and 2014 , the fair market value of the assets held in the Rabbi Trust were $3.5 million and $3.8 million, respectively, $1.1 million and $0.7 million, respectively, of the assets are classified as other current assets and $2. 4 million and $3. 1 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 403 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, 2015 and 2014 , 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 $ 0.9 million and $ 0.7 million, respectively. The accumulated benefit obligation was $ 8.0 million and $ 7.8 million at fiscal years ended June 30, 2015 and 2014 , respectively. The Company recorded expense of $ 0.1 million, $ 0.1 million and $ 0.1 million during fiscal years 2015 , 2014 and 2013 , respectively, related to the plan .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Jun. 30, 2015
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) 2015 2014 2013 Available-for-sale securities $ $ $ Pension and other post-retirement benefit adjustments Total accumulated other comprehensive loss $ $ $ (1) The tax effect on the available-for-sale securities is a tax (benefit) expense of $(0.1) million, $(0.0) million and $0.2 million at June 30, 201 5 , 201 4 and 201 3 , respectively. (2) The tax effect on the pension and other post-retirement benefit adjustments is a tax benefit of $1.0 million, $0.8 million and $0.9 million at June 30, 201 5 , 201 4 and 201 3 , respectively.

Litigation

Litigation	12 Months Ended
	Jun. 30, 2015
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, 2015 , 201 4 and 201 3 , the Company recorded $0.6 mill ion, $ 2.1 million and $ 2.3 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, 2015 and 2014, the Company received approximately $0.2 and $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 year 2013. 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 Iowa District Court dismissed litigation filed by the Company’s insurance carriers in Iowa after the Iowa Court of Appeals found that Indiana law applied to the insurance policies in question and the Iowa Supreme Court denied further review. The dismissal has been appealed by the insurance carriers to the Iowa Supreme Court. Concurrently, coverage litigation is proceeding against the insurance carriers in Indiana. 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, 2015
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 $ 3.8 million, $ 2.8 million and $ 2.5 million in fiscal 2015 , 2014 and 2013 , respectively. Expected future minimum commitments under operating leases as of June 30, 201 5 were as follows: Fiscal Year Ended June 30, 2016 $ 2017 2018 2019 2020 Thereafter $

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, 2015 2014 2013 Residential $ $ $ Commercial $ $ $

Supplementary Quarterly Financi

Supplementary Quarterly Financial Information	12 Months Ended
	Jun. 30, 2015
Supplementary Quarterly Financial Information [Abstract]
Supplementary Quarterly Financial Information	14 . SUPPLEMENTARY QUARTERLY FINANCIAL INFORMATION – UNAUDITED (in thousands, except per share amounts) FOR THE QUARTER ENDED September 30 December 31 March 31 June 30 Fiscal 2015: Net sales $ $ $ $ Gross margin Litigation settlement reimbursements - - - Net income Earnings per share: Basic $ $ $ $ Diluted $ $ $ $ FOR THE QUARTER ENDED September 30 December 31 March 31 June 30 Fiscal 2014: Net sales $ $ $ $ Gross margin Litigation settlement costs - - - Net income Earnings per share: Basic $ $ $ $ Diluted $ $ $ $

Schedule II_ Valuation And Qual

Schedule II: Valuation And Qualifying Accounts	12 Months Ended
	Jun. 30, 2015
Schedule II: Valuation And Qualifying Accounts [Abstract]
Schedule II: Valuation And Qualifying Accounts	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS For the Years Ended June 30, 2015, 2014 and 2013 (in thousands) Description Balance at Beginning of Year (Additions) Reductions to Income Additions to (Deductions from) Reserves Balance at End of Year Accounts Receivable Allowances: 2015…………………. $ $ $ $ 2014.............................. 2013.............................. $ $ $ $

Summary Of Significant Accoun23

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
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 2015, 2014 and 2013.
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 $6.9 million, $6.1 million and $5.6 million in fiscal 2015 , 2014 and 2013 , 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 $4.1 million, $2.8 million and $2.5 million in fiscal 2015 , 2014 and 2013 , 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 $ 450,000 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 2015, 2014 and 2013, net income as reported for each respective period is divided by the fully diluted weighted average number of shares outstanding: June 30, (in thousands) 2015 2014 2013 Basic shares 7,423 7,231 7,041 Potential common shares: Stock options 255 254 253 Long-term incentive plan 30 26 32 285 280 285 Diluted shares 7,708 7,511 7,326 Anti-dilutive shares - - 10
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, was originally to be effective for the Company beginning in fiscal year 2018. In July 2015, the FASB confirmed a one year deferral of the effective date of the new revenue standard which also allows early adoption as of the original effective date. The updated guidance will be effective for the Company’s first quarter of 2019. 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.

Summary Of Significant Accoun24

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	June 30, (in thousands) 2015 2014 2013 Basic shares 7,423 7,231 7,041 Potential common shares: Stock options 255 254 253 Long-term incentive plan 30 26 32 285 280 285 Diluted shares 7,708 7,511 7,326 Anti-dilutive shares - - 10

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2015
Inventories [Abstract]
Comparison Of Inventories	(in thousands) June 30, 2015 2014 Raw materials $ $ Work in process and finished parts Finished goods Total $ $

Property, Plant And Equipment (

Property, Plant And Equipment (Tables)	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule Of Property, Plant And Equipment	(in thousands) Estimated June 30, Life (Years) 2015 2014 Land $ $ Buildings and improvements 5-39 Machinery and equipment 3-7 Delivery equipment 3-5 Furniture and fixtures 3-7 Total Less accumulated depreciation Net $ $

Other Noncurrent Assets (Tables

Other Noncurrent Assets (Tables)	12 Months Ended
	Jun. 30, 2015
Other Noncurrent Assets [Abstract]
Schedule Of Other Noncurrent Assets	(in thousands) June 30, 2015 2014 Cash value of life insurance $ $ Rabbi Trust assets (see Note 9) Other Total $ $

Accrued Liabilities - Other (Ta

Accrued Liabilities - Other (Tables)	12 Months Ended
	Jun. 30, 2015
Accrued Liabilities - Other [Abstract]
Schedule Of Accrued Liabilities - Other	(in thousands) June 30, 2015 2014 Dividends $ $ Income taxes - Advertising Warranty Supplemental retirement plans - current Other Total $ $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Components Of The Gross Liabilities Related To Unrecognized Tax Benefits And The Related Deferred Tax Assets	(in thousands) June 30, 2015 2014 Gross unrecognized tax benefits $ $ Accrued interest and penalties Gross liabilities related to unrecognized tax benefits $ $ Deferred tax assets $ $
Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits	(in thousands) 2015 2014 Balance at July 1 $ $ $ Additions based on tax positions related to the current year Additions for tax positions of prior years - - Reductions for tax positions of prior years Balance at June 30 $ $ $
Income Tax Provision (Benefit)	(in thousands) 2015 2014 2013 Federal- current $ $ $ State - current Deferred Total $ $ $
Reconciliation Between The U.S. Federal Statutory Tax Rate And The Effective Tax Rate	2015 2014 2013 Federal statutory tax rate % % % State taxes, net of federal effect Other Effective tax rate % % %
Primary Components Of Deferred Tax Assets And (Liabilities)	(in thousands) June 30, 2015 June 30, 2014 Current Long-term Current Long-term Accounts receivable $ $ - $ $ - Inventory - - Self-insurance - - Compensation and benefits Accrued expenses - - Property, plant and equipment - - Supplemental retirement plans Other - - Total $ $ $ $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2015
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, 2013 $ Granted Exercised Canceled Outstanding and exercisable at June 30, 2014 $ Granted Exercised Canceled Outstanding and exercisable at June 30, 2015 $ $
Schedule Of Options Outstanding And Exercisable	Weighted Average Range of Options Remaining Exercise Prices Outstanding Life (Years) Price (in thousands) $ 6.81 - 8.55 $ 12.35 - 14.40 17.23 - 22.82 27.38 - 32.13 $ 6.81 - 32.13 $
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 2013 - 2015 $ $ $
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 Fiscal Year 2015 – 2017

Benefit And Retirement Plans (T

Benefit And Retirement Plans (Tables)	12 Months Ended
	Jun. 30, 2015
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 2015 2014 Plan Status 2015 2014 2013 Imposed Agreement in Plan Central States Southeast and 36-6044243 Red Red Implemented $ $ $ No 03/31/2018 15 Southwest Areas Pension Fund Steelworkers Pension Trust 23-6648508 Green Green No No 10/31/2015 197 Central Pension Fund 36-6052390 Green Green No No 05/31/2017 3 $ $ $

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Jun. 30, 2015
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) 2015 2014 2013 Available-for-sale securities $ $ $ Pension and other post-retirement benefit adjustments Total accumulated other comprehensive loss $ $ $

Commitments And Contingencies (

Commitments And Contingencies (Tables)	12 Months Ended
	Jun. 30, 2015
Commitments And Contingencies [Abstract]
Expected Future Minimum Commitments Under Operating Leases	Fiscal Year Ended June 30, 2016 $ 2017 2018 2019 2020 Thereafter $

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule Of Net Sales Attributable To The Areas Of Application	(in thousands) FOR THE YEARS ENDED JUNE 30, 2015 2014 2013 Residential $ $ $ Commercial $ $ $

Supplementary Quarterly Finan35

Supplementary Quarterly Financial Information (Tables)	12 Months Ended
	Jun. 30, 2015
Supplementary Quarterly Financial Information [Abstract]
Supplementary Quarterly Financial Information	(in thousands, except per share amounts) FOR THE QUARTER ENDED September 30 December 31 March 31 June 30 Fiscal 2015: Net sales $ $ $ $ Gross margin Litigation settlement reimbursements - - - Net income Earnings per share: Basic $ $ $ $ Diluted $ $ $ $ FOR THE QUARTER ENDED September 30 December 31 March 31 June 30 Fiscal 2014: Net sales $ $ $ $ Gross margin Litigation settlement costs - - - Net income Earnings per share: Basic $ $ $ $ Diluted $ $ $ $

Summary Of Significant Accoun36

Summary Of Significant Accounting Policies (Details) - USD ($) shares in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Summary Of Significant Accounting Policies [Abstract]
Advertising expenditures	$ 6,900,000	$ 6,100,000	$ 5,600,000
Design, research and development costs	4,100,000	$ 2,800,000	$ 2,500,000
Health care claims threshold for third party insurance	150,000
Workers' compensation threshold for third party insurance	$ 450,000
Potential common shares outstanding	30	26	32
Outstanding options to purchase common stock	255	254	253

Summary Of Signficant Accountin

Summary Of Signficant Accounting Policies - Computation of Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Summary Of Significant Accounting Policies [Abstract]
Basic	7,423	7,231	7,041
Stock options	255	254	253
Long-term incentive plan	30	26	32
Potential common shares, total	285	280	285
Diluted	7,708	7,511	7,326
Anti-dilutive shares			10

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Inventories [Abstract]
Raw materials	$ 12,663	$ 11,603
Work in process and finished parts	5,772	5,470
Finished goods	95,407	80,867
Total inventories	113,842	97,940
Inventories valued on the FIFO method	1,600	1,400
Inventories valued on the LIFO method	$ 2,600	$ 2,700

Property, Plant And Equipment39

Property, Plant And Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Total	$ 141,637	$ 107,205
Less accumulated depreciation	(76,867)	(75,305)
Net	64,770	31,900
Land [Member]
Property, Plant and Equipment [Line Items]
Total	7,654	4,460
Buildings And Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Total	72,684	49,436
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	32,263	27,460
Delivery Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	20,097	19,556
Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total	$ 8,939	$ 6,293
Minimum [Member] | Buildings And Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	5 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Minimum [Member] | Delivery Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Minimum [Member] | Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Maximum [Member] | Buildings And Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	39 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	7 years
Maximum [Member] | Delivery Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	5 years
Maximum [Member] | Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	7 years

Other Noncurrent Assets (Detail

Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Other Noncurrent Assets [Abstract]
Cash value of life insurance	$ 3,434	$ 7,529
Rabbi Trust assets (see note 9)	3,500	3,800
Other	919	109
Total	$ 6,757	$ 10,733

Accrued Liabilities - Other (De

Accrued Liabilities - Other (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Accrued Liabilities - Other [Abstract]
Dividends	$ 1,346	$ 1,106
Income taxes		737
Advertising	$ 3,661	2,706
Warranty	1,010	1,020
Supplemental retirement plans - current	1,208	693
Other	1,623	1,632
Total	$ 8,848	$ 7,894

Credit Arrangements (Details)

Credit Arrangements (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2015	Jun. 28, 2015
Line of Credit Facility [Line Items]
Assets Held-in-trust	$ 3.5
Letter Of Credit [Member]
Line of Credit Facility [Line Items]
Credit agreement capacity	4
Line of Credit Facility, Amount Outstanding	2.9
Unsecured [Member]
Line of Credit Facility [Line Items]
Credit agreement capacity	$ 10
Interest rate under prime rate	2.00%
Line of Credit Facility, Amount Outstanding	$ 1.3
Line of Credit Facility, Interest Rate at Period End	(1.25%)
Line Of Credit [Member]
Line of Credit Facility [Line Items]
Credit agreement capacity	$ 30	$ 65
Interest rate over LIBOR	(1.19%)
Line of Credit Facility, Amount Outstanding	$ 10.6
Line of Credit Facility, Remaining Borrowing Capacity	$ 16.5
Line of Credit Facility, Interest Rate at Period End	1.00%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	12 Months Ended			24 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Income Taxes [Abstract]
Effective income tax rate	37.30%	37.00%	37.00%	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 ($) $ in Thousands	Jun. 30, 2015	Jul. 01, 2014	Jun. 30, 2014	Jul. 01, 2013	Jun. 30, 2013	Jul. 01, 2012
Income Taxes [Abstract]
Gross unrecognized tax benefits	$ 1,580	$ 1,290	$ 1,290	$ 1,085	$ 1,085	$ 1,000
Accrued interest and penalties	610		490
Gross liabilities related to unrecognized tax benefits	2,190		1,780
Deferred tax assets	$ 640		$ 520

Income Taxes (Reconciliation Of

Income Taxes (Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Abstract]
Balance	$ 1,290	$ 1,085
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	(390)	(325)	$ (265)
Reduction for tax positions of prior years	(100)	(120)	(280)
Additions for tax positions of prior years			100
Balance	$ 1,580	$ 1,290	$ 1,085

Income Taxes (Income Tax Provis

Income Taxes (Income Tax Provision (Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Abstract]
Federal - current	$ 11,725	$ 8,395	$ 6,750
State - current	930	553	566
Deferred	605	(138)	414
Total	$ 13,260	$ 8,810	$ 7,730

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, 2015	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Income Taxes [Abstract]
Federal statutory tax rate	35.00%	35.00%	35.00%
State taxes, net of federal effect	2.60%	2.20%	2.60%
Other	(0.30%)	(0.20%)	(0.60%)
Effective tax rate	37.30%	37.00%	37.00%	37.00%

Income Taxes (Primary Component

Income Taxes (Primary Components Of Deferred Tax Assets And (Liabilities)) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current	$ 4,220	$ 4,230
Long-term	1,870	2,170
Accounts Receivable [Member]
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current	$ 530	520
Long-term
Inventory [Member]
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current	$ 925	1,660
Long-term
Self Insurance [Member]
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current	$ 595	600
Long-term
Employee Benefits [Member]
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current	$ 585	650
Long-term	1,240	950
Accrued Expenses [Member]
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current	$ 1,125	540
Long-term
Property, Plant and Equipment [Member]
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current
Long-term	$ (1,225)	(740)
Supplemental retirement plans [Member]
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current	460	260
Long-term	$ 1,110	1,290
Other [Member]
Components Of Deferred Tax Assets And Liabilities [Line Items]
Current
Long-term	$ 745	$ 670

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended			24 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2015	Jun. 30, 2012
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%
Weighted average exercise price of options					$ 20.31
Excess tax benefit from stock-based payment arrangements	$ 817	$ (1,357)
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			500,000
Shares issued	215,082
Cash awards payable within current liabilities	$ 700	600		$ 700
Cash awards payable within long-term liabilities		400
Compensation cost	600	900	$ 1,200
Long-Term Management Incentive Compensation Plan [Member] | 2013-2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 1,200
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for performance awards, years	10 years
Compensation cost			$ 500
Options issued under stock option plans			89,300
Weighted average exercise price of options			$ 20.31
Dividend yield			2.50%
Expected volatility			35.40%
Risk-free interest rate			0.80%
Expected life			5 years
Weighted average grant date fair value			$ 5.06
Excess tax benefit from stock-based payment arrangements	$ 400	400	$ 200
Proceeds from Stock Options Exercised	$ 1,600	2,300	$ 1,100
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			700,000
Compensation cost	$ 1,100	500
New Long-Term Management Incentive Compensation Plan [Member] | 2015-2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	1,000
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
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			700,000
Compensation cost	$ 400	$ 400
Period options are excercisable	10 years
Options issued under stock option plans	48,600	57,450
Weighted average exercise price of options	$ 31.48	$ 27.49		$ 31.48
Dividend yield	2.00%	2.20%
Expected volatility	29.90%	32.60%
Risk-free interest rate	1.60%	1.50%
Expected life				5 years
Weighted average grant date fair value	$ 7.33	$ 6.63
Shares available for future grants	595,400			595,400
Proceeds from Stock Options Exercised				$ 100
Minimum [Member] | 2013-2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	9,000			9,000
Minimum [Member] | 2015-2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	12,000			12,000
Minimum [Member] | 2014-2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	17,000			17,000
Target [Member] | 2013-2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	24,000			24,000
Target [Member] | 2015-2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	31,000			31,000
Target [Member] | 2014-2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	48,000			48,000
Maximum [Member] | 2013-2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	39,000			39,000
Maximum [Member] | 2015-2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	60,000			60,000
Maximum [Member] | 2014-2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	91,000			91,000

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule Of Aggregate Number Of Shares And Cash That Could Be Awarded To Key Executives) (Details) - Jun. 30, 2015 - USD ($) shares in Thousands, $ in Thousands	Total
2011-2013 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash
2011-2013 [Member] | Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash
2011-2013 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash
2013-2015 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	9
Cash	$ 251
2013-2015 [Member] | Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	24
Cash	$ 686
2013-2015 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	39
Cash	$ 1,133
2014-2016 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	17
2014-2016 [Member] | Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	48
2014-2016 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	91
2015-2017 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	12
2015-2017 [Member] | Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	31
2015-2017 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares	60

Stock-Based Compensation (Sch51

Stock-Based Compensation (Schedule Of Stock Option Plans) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Stock-Based Compensation [Abstract]
Shares, Outstanding and exercisable	524	787
Shares, Granted	49	58
Shares, Exercised	(110)	(292)
Shares, Canceled	(6)	(29)
Shares, Outstanding and exercisable	457	524
Weighted Average Exercise Price, Oustanding and exercisable	$ 15.39	$ 14.71
Weighted Average Exercise Price, Granted	31.48	27.49
Weighted Average Exercise Price, Exercised	15.52	15.55
Weighted Average Exercise Price, Canceled	16.98	19.35
Weighted Average Exercise Price, Oustanding and exercisable	$ 17.02	$ 15.39
Aggregate Intrinsic Value	$ 11,916	$ 9,403	$ 7,609

Stock-Based Compensation (Sch52

Stock-Based Compensation (Schedule Of Options Outstanding And Exercisable) (Details) - Jun. 30, 2015 - $ / shares shares in Thousands	Total
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	4 years
Weighted Average Exercise Price	$ 7.73
12.35 - 14.40 [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	$ 14.40
Options Outstanding	152
Weighted Average Remaining Life, Years	2 years 10 months 24 days
Weighted Average Exercise Price	$ 13.25
17.23 - 22.82 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Range of Price Lower	17.23
Range of Price Upper	$ 22.82
Options Outstanding	117
Weighted Average Remaining Life, Years	6 years 7 months 6 days
Weighted Average Exercise Price	$ 19.06
27.38 - 32.13 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Range of Price Lower	27.38
Range of Price Upper	$ 32.13
Options Outstanding	95
Weighted Average Remaining Life, Years	4 years 2 months 12 days
Weighted Average Exercise Price	$ 29.52
6.81 - 32.13 [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	$ 32.13
Options Outstanding	457
Weighted Average Remaining Life, Years	4 years 3 months 18 days
Weighted Average Exercise Price	$ 17.02

Benefit And Retirement Plans (N

Benefit And Retirement Plans (Narrative) (Details) $ in Thousands	12 Months Ended				36 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)employee	Jun. 30, 2013USD ($)	Jun. 30, 2012USD ($)	Jun. 30, 2015USD ($)
Pension and Other Postretirement Benefits [Line Items]
Total pension and retirement plan expense	$ 2,000	$ 1,900	$ 1,800
Company's matching contribution to retirement savings plans					$ 500
Contributed to multi-employer defined benefit pension plans	619	639	597
Cumulative cost to exit multi-employer plans	9,200				9,200
Supplemental retirement plans - current	1,208	693			1,208
supplemental retirement plan-long term liability	2,900	3,400			2,900
Supplemental plan liabilities	4,100				4,100
Benefit obligation increase from interest expense	500	1,400	500
Benefit obligation increase from service costs	300	300	500
Benefit plan decrease from payments	900	3,100	1,300
Deferred compensation plan assets	3,500	$ 3,800			3,500
Number of plan participants | employee		403
Accrued benefit liability		$ 900	700
Accumulated benefit obligation		8,000	7,800
Pension plan expense		100	$ 100	$ 100
Other Current Assets [Member]
Pension and Other Postretirement Benefits [Line Items]
Deferred compensation plan assets	1,100	700			1,100
Other Assets [Member]
Pension and Other Postretirement Benefits [Line Items]
Deferred compensation plan assets	$ 2,404	$ 3,095			$ 2,404

Benefit And Retirement Plans (S

Benefit And Retirement Plans (Schedule Of Multiemployer Plans) (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2013USD ($)
Multiemployer Plans [Line Items]
Multiemployer Plan, Period Contributions	$ 619	$ 639	$ 597
Central States SE and SW Areas Pension Fund [Member]
Multiemployer Plans [Line Items]
Multiemployer Plan, number of employees	15
Entity Tax Identification Number	366,044,243
Multiemployer Plans, Certified Zone Status	Red	Red
Multiemployer Plans, Funding Improvement Plan and Rehabilitation Plan	Implemented
Multiemployer Plan, Period Contributions	$ 248	$ 252	243
Multiemployer Plans, Surcharge	No
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date	Mar. 31, 2018
Steelworkers Pension Trust [Member]
Multiemployer Plans [Line Items]
Multiemployer Plan, number of employees	197
Entity Tax Identification Number	236,648,508
Multiemployer Plans, Certified Zone Status	Green	Green
Multiemployer Plans, Funding Improvement Plan and Rehabilitation Plan	No
Multiemployer Plan, Period Contributions	$ 364	$ 380	347
Multiemployer Plans, Surcharge	No
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date	Oct. 31, 2015
Central Pension Fund [Member]
Multiemployer Plans [Line Items]
Multiemployer Plan, number of employees	3
Entity Tax Identification Number	366,052,390
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	May 31, 2017

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Income (Loss) (Components Of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Abstract]
Available-for-sale securities	$ (152)	$ (5)	$ 394
Pension and other post-retirement benefit adjustments	(1,584)	(1,251)	(1,485)
Total accumulated other comprehensive loss	$ (1,736)	$ (1,256)	$ (1,091)

Litigation (Details)

Litigation (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Litigation [Abstract]
Litigation Settlement, Expense		$ 250	$ (250)	$ 6,250
Legal and other related expenses			600	2,100	$ 2,300
Insurance reimbursements			$ 200	$ 2,800

Commitments And Contingencies57

Commitments And Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Commitments And Contingencies [Abstract]
2,016	$ 3,785
2,017	3,514
2,018	1,725
2,019	1,781
2,020	1,201
Thereafter	452
Total	12,458
Lease expense	$ 3,800	$ 2,800	$ 2,500

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]
Net sales	$ 121,323	$ 122,530	$ 114,386	$ 108,666	$ 111,129	$ 110,532	$ 112,534	$ 104,348	$ 466,904	$ 438,543	$ 386,189
Residential [Member]
Segment Reporting Information [Line Items]
Net sales									393,143	359,565	311,214
Commercial [Member]
Segment Reporting Information [Line Items]
Net sales									$ 73,761	$ 78,978	$ 74,975

Supplementary Quarterly Finan59

Supplementary Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Supplementary Quarterly Financial Information [Abstract]
Net sales	$ 121,323	$ 122,530	$ 114,386	$ 108,666	$ 111,129	$ 110,532	$ 112,534	$ 104,348	$ 466,904	$ 438,543	$ 386,189
Gross margin	$ 27,579	29,668	27,094	25,520	25,515	25,044	26,059	23,645	109,860	100,263	90,469
Litigation Settlement, Expense		250							(250)	6,250
Net income (1)	$ 5,780	$ 6,956	$ 7,502	$ 4,878	$ 5,632	$ 4,420	$ 1,170	$ 3,768	$ 22,299	$ 14,990	$ 13,151
Earnings per share: Basic	$ 0.77	$ 0.94	$ 0.63	$ 0.66	$ 0.77	$ 0.61	$ 0.16	$ 0.53	$ 3	$ 2.07	$ 1.87
Earnings per share: Diluted	$ 0.74	$ 0.90	$ 0.61	$ 0.64	$ 0.74	$ 0.58	$ 0.16	$ 0.51	$ 2.89	$ 2	$ 1.80

Schedule II_ Valuation And Qu60

Schedule II: Valuation And Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Schedule II: Valuation And Qualifying Accounts [Abstract]
Balance At Beginning Of Year	$ 1,370	$ 1,560	$ 1,910
(Additions) Reductions to Income	72	6	(215)
Additions to (Deductions from) Reserves	(42)	(196)	(135)
Balance At End Of Year	$ 1,400	$ 1,370	$ 1,560