Lancaster Colony (LANC) 10-Q 7 May 15 2015 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Apr. 24, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Fiscal Period Focus	Q3
Entity Central Index Key	57515
Entity Registrant Name	LANCASTER COLONY CORP
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		27,357
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Current Fiscal Year End Date	-24

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Jun. 30, 2014
In Thousands, unless otherwise specified
Current Assets:
Cash and equivalents	$161,417	$211,539
Receivables (less allowance for doubtful accounts, March-$194; June-$432)	69,374	57,808
Inventories:
Raw materials	29,951	28,069
Finished goods	42,319	46,447
Total inventories	72,270	74,516
Deferred income taxes and other current assets	26,128	23,428
Total current assets	329,189	367,291
Property, Plant and Equipment:
Land, buildings and improvements	112,836	107,690
Machinery and equipment	253,537	238,791
Total cost	366,373	346,481
Less accumulated depreciation	190,878	177,807
Property, plant and equipment-net	175,495	168,674
Other Assets:
Goodwill	126,723	89,840
Other intangible assets-net	51,696	5,376
Other noncurrent assets	8,127	7,449
Total	691,230	638,630
Current Liabilities:
Accounts payable	43,796	37,907
Accrued liabilities	33,226	31,165
Total current liabilities	77,022	69,072
Other Noncurrent Liabilities	20,868	22,208
Deferred Income Taxes	23,969	18,753
Commitments and Contingencies
Shareholders' Equity:
Preferred stock-authorized 3,050,000 shares; outstanding-none
Common stock-authorized 75,000,000 shares; outstanding – March-27,356,804 shares; June-27,339,421 shares	107,020	104,789
Retained earnings	1,206,136	1,167,211
Accumulated other comprehensive loss	-7,874	-8,061
Common stock in treasury, at cost	-735,911	-735,342
Total shareholders' equity	569,371	528,597
Total	$691,230	$638,630

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Jun. 30, 2014
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$194	$432
Preferred stock, shares authorized	3,050,000	3,050,000
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares outstanding	27,356,804	27,339,421

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Net Sales	$263,400	$241,849	$826,798	$782,267
Cost of Sales	206,775	189,941	634,096	591,565
Gross Margin	56,625	51,908	192,702	190,702
Selling, General and Administrative Expenses	25,417	23,073	76,674	69,251
Operating Income	31,208	28,835	116,028	121,451
Interest Income and Other-Net	-138	-204	-177	-328
Income From Continuing Operations Before Income Taxes	31,070	28,631	115,851	121,123
Taxes Based on Income	10,667	9,731	39,733	41,038
Income From Continuing Operations	20,403	18,900	76,118	80,085
Discontinued Operations, Net of Tax:
Income from discontinued operations	0	325	0	3,175
Loss on sale of discontinued operations	0	-29,601	0	-29,601
Total discontinued operations	0	-29,276	0	-26,426
Net Income (Loss)	$20,403	($10,376)	$76,118	$53,659
Income Per Common Share From Continuing Operations:
Basic and diluted (in dollars per share)	$0.75	$0.69	$2.78	$2.93
Loss Per Common Share From Discontinued Operations:
Basic and diluted (in dollars per share)	$0	($1.07)	$0	($0.97)
Net Income (Loss) Per Common Share:
Basic (in dollars per share)	$0.75	($0.38)	$2.78	$1.97
Diluted (in dollars per share)	$0.75	($0.38)	$2.78	$1.96
Cash Dividends Per Common Share (in dollars per share)	$0.46	$0.44	$1.36	$1.28
Weighted Average Common Shares Outstanding:
Basic (in shares)	27,303	27,261	27,294	27,258
Diluted (in shares)	27,330	27,297	27,323	27,303

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$20,403	($10,376)	$76,118	$53,659
Defined Benefit Pension and Postretirement Benefit Plans:
Amortization of loss, before tax	100	109	300	325
Amortization of prior service asset, before tax	-1	-1	-3	-3
Total Other Comprehensive Income, Before Tax	99	108	297	322
Tax Attributes of Items in Other Comprehensive Income:
Amortization of loss, tax	-38	-41	-111	-120
Amortization of prior service asset, tax	1	1	1	1
Total Tax Expense	-37	-40	-110	-119
Other Comprehensive Income, Net of Tax	62	68	187	203
Comprehensive Income (Loss)	$20,465	($10,308)	$76,305	$53,862

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities:
Net income	$76,118	$53,659
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,937	15,596
Deferred income taxes and other noncash changes	2,527	5,144
Stock-based compensation expense	2,211	1,777
Excess tax benefit from stock-based compensation	-456	-927
Gain on sale of property	0	-6
Loss on sale of discontinued operations	0	44,027
Pension plan activity	-444	-182
Changes in operating assets and liabilities:
Receivables	-8,981	-10,813
Inventories	5,996	7,901
Other current assets	-1,853	-13,602
Accounts payable and accrued liabilities	6,508	-3,779
Net cash provided by operating activities	96,563	98,795
Cash Flows From Investing Activities:
Cash paid for acquisition, net of cash acquired	-92,217	0
Payments on property additions	-15,752	-8,143
Proceeds from sale of property	0	6
Proceeds from sale of discontinued operations	0	25,616
Other-net	-1,410	-854
Net cash (used in) provided by investing activities	-109,379	16,625
Cash Flows From Financing Activities:
Purchase of treasury stock	-569	-3,120
Payment of dividends	-37,193	-34,960
Excess tax benefit from stock-based compensation	456	927
Decrease in cash overdraft balance	0	-324
Net cash used in financing activities	-37,306	-37,477
Net change in cash and equivalents	-50,122	77,943
Cash and equivalents at beginning of year	211,539	123,385
Cash and equivalents at end of period	161,417	201,328
Supplemental Disclosure of Operating Cash Flows:
Cash paid during the period for income taxes	$37,835	$36,941

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and SEC Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, the interim condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of the results of operations and financial position for such periods. All such adjustments reflected in the interim condensed consolidated financial statements are considered to be of a normal recurring nature. The results of operations for any interim period are not necessarily indicative of results for the full year. Accordingly, these financial statements should be read in conjunction with the financial statements and notes thereto contained in our 2014 Annual Report on Form 10-K. Prior-year results reflect the classification of the sold candle manufacturing and marketing operations as discontinued operations. Unless otherwise noted, the term “year” and references to a particular year pertain to our fiscal year, which begins on July 1 and ends on June 30; for example, 2015 refers to fiscal 2015, which is the period from July 1, 2014 to June 30, 2015.
	Property, Plant and Equipment
	Property, plant and equipment are stated at cost less accumulated depreciation, except for those acquired as part of a business combination, which are stated at fair value at the time of purchase. Purchases of property, plant and equipment included in accounts payable and excluded from the property additions and the change in accounts payable in the Condensed Consolidated Statements of Cash Flows were as follows:
		March 31,
		2015			2014
	Construction in progress in accounts payable	$	489		$	1,465
	Accrued Distribution
	Accrued distribution costs included in accrued liabilities were $6.1 million and $6.4 million at March 31, 2015 and June 30, 2014, respectively.
	Earnings Per Share
	Earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock and common stock equivalents (restricted stock and stock-settled stock appreciation rights) outstanding during each period. Unvested shares of restricted stock granted to employees are considered participating securities since employees receive nonforfeitable dividends prior to vesting and, therefore, are included in the earnings allocation in computing EPS under the two-class method. Basic EPS excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing income available to common shareholders by the diluted weighted average number of common shares outstanding during the period, which includes the dilutive potential common shares associated with nonparticipating restricted stock and stock-settled stock appreciation rights.
	Basic and diluted income per common share from continuing operations were calculated as follows:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Income from continuing operations	$	20,403		$	18,900		$	76,118		$	80,085
	Income from continuing operations available to participating securities	(26		)	(21		)	(109		)	(139		)
	Income from continuing operations available to common shareholders	$	20,377		$	18,879		$	76,009		$	79,946
	Weighted average common shares outstanding – basic	27,303			27,261			27,294			27,258
	Incremental share effect from:
	Nonparticipating restricted stock	2			2			3			3
	Stock-settled stock appreciation rights	25			34			26			42
	Weighted average common shares outstanding – diluted	27,330			27,297			27,323			27,303
	Income per common share from continuing operations – basic and diluted	$	0.75		$	0.69		$	2.78		$	2.93
	Reclassifications Out of Accumulated Other Comprehensive Loss
	The following table presents the amounts reclassified out of accumulated other comprehensive loss by component:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Accumulated other comprehensive loss at beginning of period	$	(7,936	)	$	(8,256	)	$	(8,061	)	$	(8,391	)
	Defined Benefit Pension Plan Items:
	Amortization of unrecognized net loss (1)	107			115			321			345
	Postretirement Benefit Plan Items:
	Amortization of unrecognized net gain (1)	(7		)	(6		)	(21		)	(20		)
	Amortization of prior service asset (1)	(1		)	(1		)	(3		)	(3		)
	Total other comprehensive income, before tax	99			108			297			322
	Total tax expense	(37		)	(40		)	(110		)	(119		)
	Other comprehensive income, net of tax	62			68			187			203
	Accumulated other comprehensive loss at end of period	$	(7,874	)	$	(8,188	)	$	(7,874	)	$	(8,188	)
	(1) Included in the computation of net periodic benefit income/cost. See Notes 7 and 8 for additional information.
	Significant Accounting Policies
	There were no changes to our Significant Accounting Policies from those disclosed in our 2014 Annual Report on Form 10-K.
	Recently Issued Accounting Standards
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers” (“ASU 14-09”) which creates a comprehensive set of guidelines for the recognition of revenue under the principle: “Recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” The requirements of ASU 14-09 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 and will require either retrospective application to each prior period presented or retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption. We are currently evaluating the impact this ASU will have on our financial position and results of operations.

Acquisition

Acquisition	9 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Acquisition	Acquisition
	On March 13, 2015, we acquired all of the issued and outstanding capital stock of Flatout Holdings, Inc. (“Flatout”), a privately owned manufacturer and marketer of flatbread and pizza crusts based in Saline, Michigan. The purchase price, net of cash acquired, was $92.2 million and was funded by cash on hand. The purchase price is subject to the finalization of cash and net working capital adjustments. Flatout is reported in our Specialty Foods segment, and its results of operations have been included in our condensed consolidated financial statements from the date of acquisition, but such results were not material to our condensed consolidated financial statements.
	The following preliminary purchase price allocation is based on the estimated fair value of the net assets acquired, as adjusted for the estimate of the final net working capital of $0.2 million recorded as of March 31:
	Balance Sheet Captions	Allocation
	Receivables	$	2,532
	Inventories	3,748
	Other current assets	512
	Property, plant and equipment	7,198
	Goodwill (not tax deductible)	36,883
	Other intangible assets	47,100
	Current liabilities	(2,310		)
	Deferred tax liabilities	(3,225		)
	Net assets acquired	$	92,438
	Further adjustments are expected to the allocation above as the third-party valuation is finalized and certain tax aspects of the transaction and a customary post-closing review are completed during the measurement period.
	The goodwill recognized above arose because the purchase price for Flatout reflects a number of factors including the future earnings and cash flow potential of Flatout and the avoidance of the time and costs which would be required (and the associated risks that would be encountered) to enhance our existing product offerings and enter the supermarket deli department. Goodwill also results from the workforce acquired with Flatout.
	We have determined the preliminary values and lives of the other intangible assets listed in the allocation above as: $37.6 million for the tradename with an indefinite life; $5.0 million for the customer relationships with a 10-year life; $3.9 million for the technology / know-how with a 10-year life and $0.6 million for the non-compete agreements with a 5-year life. We will continue to evaluate these values and lives during the measurement period.
	Pro forma results of operations have not been presented herein as the acquisition was not considered material to our results of operations.

Goodwill_And_Other_Intangible_

Goodwill And Other Intangible Assets	9 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Other Intangible Assets	Goodwill and Other Intangible Assets
	Goodwill attributable to the Specialty Foods segment was $126.7 million and $89.8 million at March 31, 2015 and June 30, 2014, respectively. The increase in goodwill is the result of the acquisition of Flatout on March 13, 2015. See further discussion in Note 2.
	The following table is a rollforward of goodwill from June 30, 2014 to March 31, 2015:
		Carrying Value
	Goodwill at beginning of year	$	89,840
	Goodwill acquired during the period	36,883
	Goodwill at end of period	$	126,723
	The following table summarizes our identifiable other intangible assets, all included in the Specialty Foods segment. The intangible asset values and lives related to the Flatout acquisition, which are included in the table below, are preliminary and subject to further review over the measurement period. See further discussion in Note 2.
		March 31,			June 30,
		2015			2014
	Tradename (indefinite life)
	Gross carrying value	$	37,600		$	—
	Trademarks (40-year life)
	Gross carrying value	$	370		$	370
	Accumulated amortization	(221		)	(214		)
	Net carrying value	$	149		$	156
	Customer Relationships (10 to 15-year life)
	Gross carrying value	$	18,020		$	13,020
	Accumulated amortization	(8,531		)	(7,800		)
	Net carrying value	$	9,489		$	5,220
	Technology / Know-how (10-year life)
	Gross carrying value	$	3,900		$	—
	Accumulated amortization	(32		)	—
	Net carrying value	$	3,868		$	—
	Non-compete Agreements (5-year life)
	Gross carrying value	$	600		$	—
	Accumulated amortization	(10		)	—
	Net carrying value	$	590		$	—
	Total net carrying value	$	51,696		$	5,376
	Amortization expense for our other intangible assets was as follows:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015		2014
	Amortization expense	$	308		$	236		$	780	$	709
	Total annual amortization expense for each of the next five years is estimated to be as follows:
	2016	$	1,785
	2017	$	1,614
	2018	$	1,614
	2019	$	1,614
	2020	$	1,574

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt
	At March 31, 2015 and June 30, 2014, we had an unsecured credit facility (“Facility”) under which we may borrow, on a revolving credit basis, up to a maximum of $120 million at any one time, with potential to expand the total credit availability to $200 million based on obtaining consent of the issuing banks and certain other conditions. The Facility expires on April 18, 2017, and all outstanding amounts are then due and payable. Interest is variable based upon formulas tied to LIBOR or an alternative base rate defined in the credit agreement, at our option. We must also pay facility fees that are tied to our then-applicable consolidated leverage ratio. Loans may be used for general corporate purposes. Based on the long-term nature of this Facility, when we have outstanding borrowings under this Facility, they will be classified as long-term debt.
	At March 31, 2015 and June 30, 2014, we had no borrowings outstanding under this Facility. At March 31, 2015, we had $4.2 million of standby letters of credit outstanding, which reduced the amount available for borrowing on the Facility. We paid no interest for the three and nine months ended March 31, 2015 and 2014. At March 31, 2015 and June 30, 2014, we exceeded the requirements of the financial covenants by substantial margins.
	The Facility contains certain restrictive covenants, including limitations on indebtedness, asset sales and acquisitions. There are two principal financial covenants: an interest expense test that requires us to maintain an interest coverage ratio not less than 2.5 to 1 at the end of each fiscal quarter; and an indebtedness test that requires us to maintain a consolidated leverage ratio not greater than 3 to 1 at all times. The interest coverage ratio is calculated by dividing Consolidated EBIT (as defined more specifically in the credit agreement) by Consolidated Interest Expense (as defined more specifically in the credit agreement), and the leverage ratio is calculated by dividing Consolidated Debt (as defined more specifically in the credit agreement) by Consolidated EBITDA (as defined more specifically in the credit agreement).

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	Prepaid Federal, state and local income taxes of $10.3 million and $9.7 million were included in deferred income taxes and other current assets at March 31, 2015 and June 30, 2014, respectively.
	The gross tax contingency reserve at March 31, 2015 was $1.0 million and consisted of tax liabilities of $0.6 million and interest and penalties of $0.4 million. We have not classified any of the gross tax contingency reserve as current liabilities as none of these amounts are expected to be resolved within the next 12 months. The entire liability of $1.0 million was included in other noncurrent liabilities. We expect that the amount of these liabilities will change within the next 12 months; however, we do not expect the change to have a significant effect on our financial position or results of operations. We recognize interest and penalties related to these tax liabilities in income tax expense.

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation
	Our shareholders previously approved the adoption of and subsequent amendments to the Lancaster Colony Corporation 2005 Stock Plan (the “2005 Plan”). The 2005 Plan reserved 2,000,000 common shares for issuance to our employees and directors, and all awards granted under the 2005 Plan will be exercisable at prices not less than fair market value as of the date of the grant. The vesting period for awards granted under the 2005 Plan varies as to the type of award granted, but generally these awards have a maximum term of five years.
	Stock-Settled Stock Appreciation Rights
	We use periodic grants of stock-settled stock appreciation rights (“SSSARs”) as a vehicle for rewarding certain employees with long-term incentives for their efforts in helping to create long-term shareholder value. We calculate the fair value of SSSARs grants using the Black-Scholes option-pricing model. Our policy is to issue shares upon SSSARs exercise from new shares that had been previously authorized.
	In the nine months ended March 31, 2015 and 2014, we granted SSSARs under the terms of the 2005 Plan. The following table summarizes information relating to these grants:
		Nine Months Ended
		March 31,
		2015				2014
	SSSARs granted	149				146
	Weighted average grant date fair value per right	$	9.94			$	11.84
	Weighted average assumptions used in fair value calculations:
	Risk-free interest rate	0.86		%		0.75		%
	Dividend yield	2.02		%		1.97		%
	Volatility factor of the expected market price of our common stock	19.62		%		22.35		%
	Weighted average expected life in years	2.71				3.12
	For these grants, the volatility factor was estimated based on actual historical volatility of our stock for a time period equal to the term of the SSSARs. The expected average life was determined based on historical exercise experience for this type of grant. The SSSARs we grant vest one-third on the first anniversary of the grant date, one-third on the second anniversary of the grant date and one-third on the third anniversary of the grant date. As needed, we estimate a forfeiture rate for our SSSARs grants based on historical experience.
	We recognize compensation expense over the requisite service period. Compensation expense was reflected in Cost of Sales or Selling, General and Administrative Expenses based on the grantees’ salaries expense classification. We recorded tax benefits and excess tax benefits related to SSSARs. These excess tax benefits were included in the financing section of the Condensed Consolidated Statements of Cash Flows. The following table summarizes our continuing operations SSSARs compensation expense and tax benefits recorded:
		Three Months Ended								Nine Months Ended
		March 31,								March 31,
		2015				2014				2015			2014
	Compensation expense	$	308			$	304			$	893		$	804
	Tax benefits	$	108			$	106			$	313		$	281
	Intrinsic value of exercises	$	207			$	2,343			$	863		$	2,431
	Excess tax benefits	$	72			$	820			$	302		$	851
	The total fair values of SSSARs vested were as follows:
		Nine Months Ended
		March 31,
		2015				2014
	Fair value of vested rights	$	1,245			$	1,138
	The following table summarizes the activity relating to SSSARs granted under the 2005 Plan for the nine months ended March 31, 2015:
		Number			Weighted				Weighted		Aggregate
		of Rights			Average				Average		Intrinsic
					Exercise Price				Remaining		Value
									Contractual
									Life in
									Years
	Outstanding at beginning of year	358			$	76.75
	Exercised	(54	)		$	63.54
	Granted	149			$	91.13
	Forfeited	(31	)		$	79.42
	Outstanding at end of period	422			$	83.35			3.73		$	4,984
	Exercisable and vested at end of period	154			$	74.7			2.66		$	3,150
	Vested and expected to vest at end of period	412			$	83.35			3.73		$	4,873
	At March 31, 2015, there was $2.3 million of unrecognized compensation expense related to SSSARs that we will recognize over a weighted-average period of 2 years.
	Restricted Stock
	We use periodic grants of restricted stock as a vehicle for rewarding our nonemployee directors and certain employees with long-term incentives for their efforts in helping to create long-term shareholder value.
	In the nine months ended March 31, 2015 and 2014, we granted shares of restricted stock to various employees under the terms of the 2005 Plan. The following table summarizes information relating to these grants:
		Nine Months Ended
		March 31,
		2015				2014
	Employees
	Restricted stock granted	9				24
	Grant date fair value	$	845			$	2,190
	Weighted average grant date fair value per award	$	91.13			$	89.21
	The restricted stock under these employee grants vests on the third anniversary of the grant date. As needed, we estimate a forfeiture rate for our restricted stock grants based on historical experience. Under the terms of our grants, employees receive dividends on unforfeited restricted stock regardless of their vesting status. In the nine months ended March 31, 2015 and 2014, 19,000 and 6,000 shares, respectively, of employee restricted stock vested.
	In November 2014 and 2013, we granted shares of restricted stock to our nonemployee directors under the terms of the 2005 Plan. The following table summarizes information relating to each of these grants:
		Nine Months Ended
		March 31,
		2015				2014
	Nonemployee directors
	Restricted stock granted	7				6
	Grant date fair value	$	639			$	490
	Weighted average grant date fair value per award	$	92.92			$	84.42
	The 2015 grant vests over a one-year period, and all of these shares are expected to vest. Dividends earned on the stock during the vesting period will be paid to the directors at the time the stock vests. In the nine months ended March 31, 2015 and 2014, 6,000 and 7,000 shares, respectively, of nonemployee director restricted stock vested, and the directors were paid the related dividends.
We recognize compensation expense over the requisite service period. Compensation expense was reflected in Cost of Sales or Selling, General and Administrative Expenses based on the grantees’ salaries expense classification. We recorded tax benefits and excess tax benefits related to restricted stock. These excess tax benefits were included in the financing section of the Condensed Consolidated Statements of Cash Flows. The following table summarizes our continuing operations restricted stock compensation expense and tax benefits recorded:
	Three Months Ended								Nine Months Ended
	March 31,								March 31,
	2015				2014				2015			2014
Compensation expense	$	384			$	366			$	1,318		$	1,027
Tax benefits	$	134			$	128			$	461		$	359
Excess tax benefits	$	142			$	68			$	154		$	76
The total fair values of restricted stock vested were as follows:
	Nine Months Ended
	March 31,
	2015				2014
Fair value of vested shares	$	1,818			$	877
The following table summarizes the activity relating to restricted stock granted under the 2005 Plan for the nine months ended March 31, 2015:
	Number of			Weighted Average
	Shares			Grant Date Fair
				Value
Unvested restricted stock at beginning of year	58			$	79.09
Granted	16			$	91.89
Vested	(25	)		$	71.86
Forfeited	(3	)		$	79.22
Unvested restricted stock at end of period	46			$	87.61
At March 31, 2015, there was $2.6 million of unrecognized compensation expense related to restricted stock that we will recognize over a weighted-average period of 2 years.

Pension_Benefits

Pension Benefits (Pension Benefits [Member])	9 Months Ended
	Mar. 31, 2015
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension Benefits	Pension Benefits
	We sponsor multiple defined benefit pension plans that covered certain union workers. However, as a result of prior-years' restructuring activities, for all periods presented, we no longer have any active employees continuing to accrue service cost or otherwise eligible to receive plan benefits. Benefits being paid under the plans are primarily based on negotiated rates and years of service. We contribute to these plans at least the minimum amount required by regulation.
	The following table summarizes the components of net periodic benefit income for our pension plans:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Components of net periodic benefit income
	Interest cost	$	403		$	439		$	1,209		$	1,315
	Expected return on plan assets	(658		)	(614		)	(1,974		)	(1,842		)
	Amortization of unrecognized net loss	107			115			321			345
	Net periodic benefit income	$	(148	)	$	(60	)	$	(444	)	$	(182	)
	For the three and nine months ended March 31, 2015, we made no pension plan contributions and we do not expect to make any contributions to our pension plans during 2015.

Postretirement_Benefits

Postretirement Benefits (Postretirement Benefits [Member])	9 Months Ended
	Mar. 31, 2015
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Postretirement Benefits	Postretirement Benefits
	We and certain of our operating subsidiaries provide multiple postretirement medical and life insurance benefit plans. We recognize the cost of benefits as the employees render service. Postretirement benefits are funded as incurred.
	The following table summarizes the components of net periodic benefit cost for our postretirement plans:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Components of net periodic benefit cost
	Service cost	$	8		$	8		$	24		$	24
	Interest cost	27			33			81			97
	Amortization of unrecognized net gain	(7		)	(6		)	(21		)	(20		)
	Amortization of prior service asset	(1		)	(1		)	(3		)	(3		)
	Net periodic benefit cost	$	27		$	34		$	81		$	98
	For the three and nine months ended March 31, 2015, we made $20,000 and $74,000, respectively, in contributions to our postretirement medical and life insurance benefit plans. We expect to make approximately $0.1 million more in contributions to our postretirement medical and life insurance benefit plans during the remainder of 2015.

Commitments_And_Contingencies

Commitments And Contingencies	9 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	Commitments and Contingencies
	At March 31, 2015, we were a party to various claims and litigation matters arising in the ordinary course of business. Such matters did not have a material effect on the current-year results of operations and, in our opinion, their ultimate disposition will not have a material effect on our consolidated financial statements.

Business_Segment_Information

Business Segment Information	9 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information
	The following summary of financial information by business segment is consistent with the basis of segmentation and measurement of segment profit or loss presented in our June 30, 2014 consolidated financial statements. The March 31, 2015 identifiable assets by reportable segment are generally consistent with that of June 30, 2014. However, due to the acquisition of Flatout in March 2015, the amount of Specialty Foods assets increased and Corporate assets declined as compared to June 30, 2014. The increase in Specialty Foods assets reflects goodwill and other intangible assets related to the acquisition of Flatout. Corporate assets declined because of a decrease in cash, which is treated as a Corporate asset, due to cash paid for the acquisition of Flatout.
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Net Sales - Specialty Foods	$	263,400		$	241,849		$	826,798		$	782,267
	Operating Income
	Specialty Foods	$	34,170		$	31,408		$	124,909		$	130,364
	Corporate Expenses	(2,962		)	(2,573		)	(8,881		)	(8,913		)
	Total	$	31,208		$	28,835		$	116,028		$	121,451

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policy)	9 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis Of Presentation	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and SEC Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, the interim condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of the results of operations and financial position for such periods. All such adjustments reflected in the interim condensed consolidated financial statements are considered to be of a normal recurring nature. The results of operations for any interim period are not necessarily indicative of results for the full year. Accordingly, these financial statements should be read in conjunction with the financial statements and notes thereto contained in our 2014 Annual Report on Form 10-K. Prior-year results reflect the classification of the sold candle manufacturing and marketing operations as discontinued operations. Unless otherwise noted, the term “year” and references to a particular year pertain to our fiscal year, which begins on July 1 and ends on June 30; for example, 2015 refers to fiscal 2015, which is the period from July 1, 2014 to June 30, 2015.
Property, Plant And Equipment	Property, Plant and Equipment
	Property, plant and equipment are stated at cost less accumulated depreciation, except for those acquired as part of a business combination, which are stated at fair value at the time of purchase.
Earnings Per Share	Earnings Per Share
	Earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock and common stock equivalents (restricted stock and stock-settled stock appreciation rights) outstanding during each period. Unvested shares of restricted stock granted to employees are considered participating securities since employees receive nonforfeitable dividends prior to vesting and, therefore, are included in the earnings allocation in computing EPS under the two-class method. Basic EPS excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing income available to common shareholders by the diluted weighted average number of common shares outstanding during the period, which includes the dilutive potential common shares associated with nonparticipating restricted stock and stock-settled stock appreciation rights.
Recently Issued Accounting Standards	Recently Issued Accounting Standards
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers” (“ASU 14-09”) which creates a comprehensive set of guidelines for the recognition of revenue under the principle: “Recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” The requirements of ASU 14-09 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 and will require either retrospective application to each prior period presented or retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption. We are currently evaluating the impact this ASU will have on our financial position and results of operations.

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule Of Construction In Progress In Accounts Payable	Purchases of property, plant and equipment included in accounts payable and excluded from the property additions and the change in accounts payable in the Condensed Consolidated Statements of Cash Flows were as follows:
		March 31,
		2015			2014
	Construction in progress in accounts payable	$	489		$	1,465
Schedule Of Basic And Diluted Income Per Common Share From Continuing Operations Calculations	Basic and diluted income per common share from continuing operations were calculated as follows:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Income from continuing operations	$	20,403		$	18,900		$	76,118		$	80,085
	Income from continuing operations available to participating securities	(26		)	(21		)	(109		)	(139		)
	Income from continuing operations available to common shareholders	$	20,377		$	18,879		$	76,009		$	79,946
	Weighted average common shares outstanding – basic	27,303			27,261			27,294			27,258
	Incremental share effect from:
	Nonparticipating restricted stock	2			2			3			3
	Stock-settled stock appreciation rights	25			34			26			42
	Weighted average common shares outstanding – diluted	27,330			27,297			27,323			27,303
	Income per common share from continuing operations – basic and diluted	$	0.75		$	0.69		$	2.78		$	2.93
Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Loss	The following table presents the amounts reclassified out of accumulated other comprehensive loss by component:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Accumulated other comprehensive loss at beginning of period	$	(7,936	)	$	(8,256	)	$	(8,061	)	$	(8,391	)
	Defined Benefit Pension Plan Items:
	Amortization of unrecognized net loss (1)	107			115			321			345
	Postretirement Benefit Plan Items:
	Amortization of unrecognized net gain (1)	(7		)	(6		)	(21		)	(20		)
	Amortization of prior service asset (1)	(1		)	(1		)	(3		)	(3		)
	Total other comprehensive income, before tax	99			108			297			322
	Total tax expense	(37		)	(40		)	(110		)	(119		)
	Other comprehensive income, net of tax	62			68			187			203
	Accumulated other comprehensive loss at end of period	$	(7,874	)	$	(8,188	)	$	(7,874	)	$	(8,188	)
	(1) Included in the computation of net periodic benefit income/cost. See Notes 7 and 8 for additional information.

Acquisition_Tables

Acquisition (Tables)	9 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Schedule Of Purchase Price Allocation	The following preliminary purchase price allocation is based on the estimated fair value of the net assets acquired, as adjusted for the estimate of the final net working capital of $0.2 million recorded as of March 31:
	Balance Sheet Captions	Allocation
	Receivables	$	2,532
	Inventories	3,748
	Other current assets	512
	Property, plant and equipment	7,198
	Goodwill (not tax deductible)	36,883
	Other intangible assets	47,100
	Current liabilities	(2,310		)
	Deferred tax liabilities	(3,225		)
	Net assets acquired	$	92,438

Goodwill_And_Other_Intangible_1

Goodwill And Other Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Rollforward Of Goodwill	The following table is a rollforward of goodwill from June 30, 2014 to March 31, 2015:
		Carrying Value
	Goodwill at beginning of year	$	89,840
	Goodwill acquired during the period	36,883
	Goodwill at end of period	$	126,723
Summary Of Other Intangible Assets	The following table summarizes our identifiable other intangible assets, all included in the Specialty Foods segment. The intangible asset values and lives related to the Flatout acquisition, which are included in the table below, are preliminary and subject to further review over the measurement period. See further discussion in Note 2.
		March 31,			June 30,
		2015			2014
	Tradename (indefinite life)
	Gross carrying value	$	37,600		$	—
	Trademarks (40-year life)
	Gross carrying value	$	370		$	370
	Accumulated amortization	(221		)	(214		)
	Net carrying value	$	149		$	156
	Customer Relationships (10 to 15-year life)
	Gross carrying value	$	18,020		$	13,020
	Accumulated amortization	(8,531		)	(7,800		)
	Net carrying value	$	9,489		$	5,220
	Technology / Know-how (10-year life)
	Gross carrying value	$	3,900		$	—
	Accumulated amortization	(32		)	—
	Net carrying value	$	3,868		$	—
	Non-compete Agreements (5-year life)
	Gross carrying value	$	600		$	—
	Accumulated amortization	(10		)	—
	Net carrying value	$	590		$	—
	Total net carrying value	$	51,696		$	5,376
Schedule Of Amortization Expense	Amortization expense for our other intangible assets was as follows:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015		2014
	Amortization expense	$	308		$	236		$	780	$	709
Estimated Annual Amortization Expense	Total annual amortization expense for each of the next five years is estimated to be as follows:
	2016	$	1,785
	2017	$	1,614
	2018	$	1,614
	2019	$	1,614
	2020	$	1,574

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2015
Stock Settled Stock Appreciation Rights SARS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-Based Compensation Grant Details	In the nine months ended March 31, 2015 and 2014, we granted SSSARs under the terms of the 2005 Plan. The following table summarizes information relating to these grants:
		Nine Months Ended
		March 31,
		2015				2014
	SSSARs granted	149				146
	Weighted average grant date fair value per right	$	9.94			$	11.84
	Weighted average assumptions used in fair value calculations:
	Risk-free interest rate	0.86		%		0.75		%
	Dividend yield	2.02		%		1.97		%
	Volatility factor of the expected market price of our common stock	19.62		%		22.35		%
	Weighted average expected life in years	2.71				3.12
Compensation Expense And Tax Benefits Recorded	The following table summarizes our continuing operations SSSARs compensation expense and tax benefits recorded:
		Three Months Ended								Nine Months Ended
		March 31,								March 31,
		2015				2014				2015			2014
	Compensation expense	$	308			$	304			$	893		$	804
	Tax benefits	$	108			$	106			$	313		$	281
	Intrinsic value of exercises	$	207			$	2,343			$	863		$	2,431
	Excess tax benefits	$	72			$	820			$	302		$	851
Fair Value Of Awards Vested	The total fair values of SSSARs vested were as follows:
		Nine Months Ended
		March 31,
		2015				2014
	Fair value of vested rights	$	1,245			$	1,138
Stock-Settled Stock Appreciation Rights Activity	The following table summarizes the activity relating to SSSARs granted under the 2005 Plan for the nine months ended March 31, 2015:
		Number			Weighted				Weighted		Aggregate
		of Rights			Average				Average		Intrinsic
					Exercise Price				Remaining		Value
									Contractual
									Life in
									Years
	Outstanding at beginning of year	358			$	76.75
	Exercised	(54	)		$	63.54
	Granted	149			$	91.13
	Forfeited	(31	)		$	79.42
	Outstanding at end of period	422			$	83.35			3.73		$	4,984
	Exercisable and vested at end of period	154			$	74.7			2.66		$	3,150
	Vested and expected to vest at end of period	412			$	83.35			3.73		$	4,873
Employee Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-Based Compensation Grant Details	In the nine months ended March 31, 2015 and 2014, we granted shares of restricted stock to various employees under the terms of the 2005 Plan. The following table summarizes information relating to these grants:
		Nine Months Ended
		March 31,
		2015				2014
	Employees
	Restricted stock granted	9				24
	Grant date fair value	$	845			$	2,190
	Weighted average grant date fair value per award	$	91.13			$	89.21
Director Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-Based Compensation Grant Details	In November 2014 and 2013, we granted shares of restricted stock to our nonemployee directors under the terms of the 2005 Plan. The following table summarizes information relating to each of these grants:
		Nine Months Ended
		March 31,
		2015				2014
	Nonemployee directors
	Restricted stock granted	7				6
	Grant date fair value	$	639			$	490
	Weighted average grant date fair value per award	$	92.92			$	84.42
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense And Tax Benefits Recorded	The following table summarizes our continuing operations restricted stock compensation expense and tax benefits recorded:
		Three Months Ended								Nine Months Ended
		March 31,								March 31,
		2015				2014				2015			2014
	Compensation expense	$	384			$	366			$	1,318		$	1,027
	Tax benefits	$	134			$	128			$	461		$	359
	Excess tax benefits	$	142			$	68			$	154		$	76
Fair Value Of Awards Vested	The total fair values of restricted stock vested were as follows:
		Nine Months Ended
		March 31,
		2015				2014
	Fair value of vested shares	$	1,818			$	877
Restricted Stock Activity	The following table summarizes the activity relating to restricted stock granted under the 2005 Plan for the nine months ended March 31, 2015:
		Number of			Weighted Average
		Shares			Grant Date Fair
					Value
	Unvested restricted stock at beginning of year	58			$	79.09
	Granted	16			$	91.89
	Vested	(25	)		$	71.86
	Forfeited	(3	)		$	79.22
	Unvested restricted stock at end of period	46			$	87.61

Pension_Benefits_Tables

Pension Benefits (Tables) (Pension Benefits [Member])	9 Months Ended
	Mar. 31, 2015
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Components Of Net Periodic Benefit Income	The following table summarizes the components of net periodic benefit income for our pension plans:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Components of net periodic benefit income
	Interest cost	$	403		$	439		$	1,209		$	1,315
	Expected return on plan assets	(658		)	(614		)	(1,974		)	(1,842		)
	Amortization of unrecognized net loss	107			115			321			345
	Net periodic benefit income	$	(148	)	$	(60	)	$	(444	)	$	(182	)

Postretirement_Benefits_Tables

Postretirement Benefits (Tables) (Postretirement Benefits [Member])	9 Months Ended
	Mar. 31, 2015
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Components Of Net Periodic Benefit Cost	The following table summarizes the components of net periodic benefit cost for our postretirement plans:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Components of net periodic benefit cost
	Service cost	$	8		$	8		$	24		$	24
	Interest cost	27			33			81			97
	Amortization of unrecognized net gain	(7		)	(6		)	(21		)	(20		)
	Amortization of prior service asset	(1		)	(1		)	(3		)	(3		)
	Net periodic benefit cost	$	27		$	34		$	81		$	98

Business_Segment_Information_T

Business Segment Information (Tables)	9 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Summary Of Financial Information Attributable To Reportable Segments
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2015			2014			2015			2014
	Net Sales - Specialty Foods	$	263,400		$	241,849		$	826,798		$	782,267
	Operating Income
	Specialty Foods	$	34,170		$	31,408		$	124,909		$	130,364
	Corporate Expenses	(2,962		)	(2,573		)	(8,881		)	(8,913		)
	Total	$	31,208		$	28,835		$	116,028		$	121,451

Summary_Of_Significant_Account3

Summary Of Significant Accounting Policies (Narrative) (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014
In Millions, unless otherwise specified
Accounting Policies [Abstract]
Accrued distribution	$6.10	$6.40

Summary_Of_Significant_Account4

Summary Of Significant Accounting Policies (Schedule Of Construction In Progress In Accounts Payable) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Accounting Policies [Abstract]
Construction in progress in accounts payable	$489	$1,465

Summary_Of_Significant_Account5

Summary Of Significant Accounting Policies (Schedule Of Basic And Diluted Income Per Common Share From Continuing Operations Calculations) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Accounting Policies [Abstract]
Income from continuing operations	$20,403	$18,900	$76,118	$80,085
Income from continuing operations available to participating securities	-26	-21	-109	-139
Income from continuing operations available to common shareholders	$20,377	$18,879	$76,009	$79,946
Weighted average common shares outstanding - basic (in shares)	27,303	27,261	27,294	27,258
Incremental share effect from:
Nonparticipating restricted stock (in shares)	2	2	3	3
Stock-settled stock appreciation rights (in shares)	25	34	26	42
Weighted average common shares outstanding - diluted (in shares)	27,330	27,297	27,323	27,303
Income per common share from continuing operations - basic and diluted (in dollars per share)	$0.75	$0.69	$2.78	$2.93

Summary_Of_Significant_Account6

Summary Of Significant Accounting Policies (Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Loss) (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Mar. 31, 2015		Mar. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive loss at beginning of period	($7,936)		($8,256)		($8,061)		($8,391)
Total other comprehensive income, before tax	99		108		297		322
Total tax expense	-37		-40		-110		-119
Other comprehensive income, net of tax	62		68		187		203
Accumulated other comprehensive loss at end of period	-7,874		-8,188		-7,874		-8,188
Pension Benefits [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of unrecognized net (gain) loss	107	[1]	115	[1]	321	[1]	345	[1]
Postretirement Benefits [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of unrecognized net (gain) loss	-7	[1]	-6	[1]	-21	[1]	-20	[1]
Amortization of prior service asset	($1)	[1]	($1)	[1]	($3)	[1]	($3)	[1]
[1]	Included in the computation of net periodic benefit income/cost. See Notes 7 and 8 for additional information.

Acquisition_Narrative_Details

Acquisition (Narrative) (Details) (USD $)	9 Months Ended		0 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 13, 2015	Mar. 31, 2015
Business Acquisition [Line Items]
Purchase price, net of cash acquired	$92,217,000	$0
Flatout [Member]
Business Acquisition [Line Items]
Purchase price, net of cash acquired			92,200,000
Purchase price adjustment for the estimate of the final net working capital				200,000
Flatout [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets acquired			5,000,000
Finite-lived intangible assets acquired, useful life			10 years
Flatout [Member] | Technology / Know-how [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets acquired			3,900,000
Finite-lived intangible assets acquired, useful life			10 years
Flatout [Member] | Non-compete Agreements [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets acquired			600,000
Finite-lived intangible assets acquired, useful life			5 years
Flatout [Member] | Tradename [Member]
Business Acquisition [Line Items]
Indefinite-lived intangible assets acquired			$37,600,000

Acquisition_Schedule_Of_Purcha

Acquisition (Schedule Of Purchase Price Allocation) (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014	Mar. 13, 2015
In Thousands, unless otherwise specified
Business Acquisition [Line Items]
Goodwill	$126,723	$89,840
Flatout [Member]
Business Acquisition [Line Items]
Receivables			2,532
Inventories			3,748
Other current assets			512
Property, plant and equipment			7,198
Goodwill			36,883
Other intangible assets			47,100
Current liabilities			-2,310
Deferred tax liabilities			-3,225
Net assets acquired			$92,438

Goodwill_And_Other_Intangible_2

Goodwill And Other Intangible Assets (Narrative) (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014
In Thousands, unless otherwise specified
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$126,723	$89,840

Goodwill_And_Other_Intangible_3

Goodwill And Other Intangible Assets (Rollforward Of Goodwill) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Goodwill [Roll Forward]
Carrying Value, Goodwill at beginning of year	$89,840
Carrying Value, Goodwill acquired during the period	36,883
Carrying Value, Goodwill at end of period	$126,723

Goodwill_And_Other_Intangible_4

Goodwill And Other Intangible Assets (Summary Of Other Intangible Assets) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Jun. 30, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Total net carrying value	$51,696	$5,376
Trademarks (40-year life) [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	370	370
Accumulated amortization	-221	-214
Net carrying value	149	156
Finite-lived other intangible assets useful life	40 years
Customer Relationships (10 to 15-year life) [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	18,020	13,020
Accumulated amortization	-8,531	-7,800
Net carrying value	9,489	5,220
Technology / Know-how (10-year life) [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	3,900	0
Accumulated amortization	-32	0
Net carrying value	3,868	0
Finite-lived other intangible assets useful life	10 years
Non-compete Agreements (5-year life) [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	600	0
Accumulated amortization	-10	0
Net carrying value	590	0
Finite-lived other intangible assets useful life	5 years
Minimum [Member] | Customer Relationships (10 to 15-year life) [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived other intangible assets useful life	10 years
Maximum [Member] | Customer Relationships (10 to 15-year life) [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived other intangible assets useful life	15 years
Tradename (indefinite life) [Member]
Indefinite-lived Intangible Assets [Line Items]
Gross carrying value	$37,600	$0

Goodwill_And_Other_Intangible_5

Goodwill And Other Intangible Assets (Schedule Of Amortization Expense) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$308	$236	$780	$709

Goodwill_And_Other_Intangible_6

Goodwill And Other Intangible Assets (Estimated Annual Amortization Expense) (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Goodwill and Intangible Assets Disclosure [Abstract]
2016	$1,785
2017	1,614
2018	1,614
2019	1,614
2020	$1,574

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Debt Disclosure [Abstract]
Maximum borrowing capacity	$120,000,000		$120,000,000		$120,000,000
Maximum borrowing capacity on obtaining consent of the issuing bank	200,000,000		200,000,000		200,000,000
Line of credit facility, expiration date			18-Apr-17
Line of credit facility, amount outstanding	0		0		0
Standby letters of credit, amount outstanding	4,200,000		4,200,000
Interest paid	$0	$0	$0	$0
Minimum interest coverage ratio			250.00%
Maximum leverage ratio			300.00%

Income_Taxes_Details

Income Taxes (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Prepaid taxes	$10,300,000	$9,700,000
Gross tax contingency reserve	1,000,000
Accrued tax liabilities included in the gross tax contingency reserve	600,000
Accrued interest and penalties included in the gross tax contingency reserve	400,000
Gross tax contingency reserve, classified as current liabilities	0
Gross tax contingency reserve, classified as noncurrent liabilities	$1,000,000

StockBased_Compensation_Narrat

Stock-Based Compensation (Narrative) (Details) (USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock Settled Stock Appreciation Rights SARS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Unrecognized compensation cost	2.3
Weighted-average period over which remaining compensation cost will be recognized	2 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	2.6
Weighted-average period over which remaining compensation cost will be recognized	2 years
Number vested (in shares)	25,000
Employee Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Number vested (in shares)	19,000	6,000
Director Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Number vested (in shares)	6,000	7,000
2005 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for issuance to employees and directors (in shares)	2,000,000
2005 Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum term of stock awards granted	5 years

StockBased_Compensation_StockS

Stock-Based Compensation (Stock-Settled Stock Appreciation Rights Grant Details) (Details) (Stock Settled Stock Appreciation Rights SARS [Member], USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock Settled Stock Appreciation Rights SARS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
SSSARs granted (in rights)	149	146
Weighted average grant date fair value per award (usd per share)	$9.94	$11.84
Weighted average assumptions used in fair value calculations:
Risk-free interest rate	0.86%	0.75%
Dividend yield	2.02%	1.97%
Volatility factor of the expected market price of our common stock	19.62%	22.35%
Weighted average expected life in years	2 years 8 months 16 days	3 years 1 month 13 days

StockBased_Compensation_StockS1

Stock-Based Compensation (Stock-Settled Stock Appreciation Rights Compensation Expense And Tax Benefits Recorded) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefits			$456	$927
Stock Settled Stock Appreciation Rights SARS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	308	304	893	804
Tax benefits	108	106	313	281
Intrinsic value of exercises	207	2,343	863	2,431
Excess tax benefits	$72	$820	$302	$851

StockBased_Compensation_Fair_V

Stock-Based Compensation (Fair Value Of Stock-Settled Stock Appreciation Rights Vested) (Details) (Stock Settled Stock Appreciation Rights SARS [Member], USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock Settled Stock Appreciation Rights SARS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of vested rights	$1,245	$1,138

StockBased_Compensation_StockS2

Stock-Based Compensation (Stock-Settled Stock Appreciation Rights Activity) (Details) (Stock Settled Stock Appreciation Rights SARS [Member], USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock Settled Stock Appreciation Rights SARS [Member]
Number of Rights
Number of Rights, Outstanding at beginning of year (rights)	358
Number of Rights, Exercised (rights)	-54
Number of Rights, Granted (rights)	149	146
Number of Rights, Forfeited (rights)	-31
Number of Rights, Outstanding at end of period (rights)	422
Number of Rights, Exercisable and vested at end of period (rights)	154
Number of Rights, Vested and expected to vest at end of period (rights)	412
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding at beginning of year (usd per share)	$76.75
Weighted Average Exercise Price, Exercised (usd per share)	$63.54
Weighted Average Exercise Price, Granted (usd per share)	$91.13
Weighted Average Exercise Price, Forfeited (usd per share)	$79.42
Weighted Average Exercise Price, Outstanding at end of period (usd per share)	$83.35
Weighted Average Exercise Price, Exercisable and vested at end of period (usd per share)	$74.70
Weighted Average Exercise Price, Vested and expected to vest at end of period (usd per share)	$83.35
Weighted Average Remaining Contractual Life in Years, Outstanding at end of period	3 years 8 months 23 days
Weighted Average Remaining Contractual Life in Years, Exercisable and vested at end of period	2 years 7 months 28 days
Weighted Average Remaining Contractual Life in Years, Vested and expected to vest at end of period	3 years 8 months 23 days
Aggregate Intrinsic Value, Outstanding at end of period	$4,984
Aggregate Intrinsic Value, Exercisable and vested at end of period	3,150
Aggregate Intrinsic Value, Vested and expected to vest at end of period	$4,873

StockBased_Compensation_Employ

Stock-Based Compensation (Employee Restricted Stock Grant Details) (Details) (Employee Restricted Stock [Member], USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Employee Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	9	24
Grant date fair value	$845	$2,190
Weighted average grant date fair value per award (usd per share)	$91.13	$89.21

StockBased_Compensation_Nonemp

Stock-Based Compensation (Nonemployee Director Restricted Stock Grant Details) (Details) (Director Restricted Stock [Member], USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Director Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	7	6
Grant date fair value	$639	$490
Weighted average grant date fair value per award (usd per share)	$92.92	$84.42

StockBased_Compensation_Restri

Stock-Based Compensation (Restricted Stock Compensation Expense And Tax Benefits Recorded) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefits			$456	$927
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	384	366	1,318	1,027
Tax benefits	134	128	461	359
Excess tax benefits	$142	$68	$154	$76

StockBased_Compensation_Fair_V1

Stock-Based Compensation (Fair Value Of Restricted Stock Vested) (Details) (Restricted Stock [Member], USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of vested shares	$1,818	$877

StockBased_Compensation_Restri1

Stock-Based Compensation (Restricted Stock Activity) (Details) (Restricted Stock [Member], USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Shares, Unvested restricted stock at beginning of year (shares)	58
Number of Shares, Granted (shares)	16
Number of Shares, Vested (shares)	-25
Number of Shares, Forfeited (shares)	-3
Number of Shares, Unvested restricted stock at end of period (shares)	46
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant Date Fair Value, Unvested restricted stock at beginning of year (usd per share)	$79.09
Weighted Average Grant Date Fair Value, Granted (usd per share)	$91.89
Weighted Average Grant Date Fair Value, Vested (usd per share)	$71.86
Weighted Average Grant Date Fair Value, Forfeited (usd per share)	$79.22
Weighted Average Grant Date Fair Value, Unvested restricted stock at end of period (usd per share)	$87.61

Pension_Benefits_Narrative_Det

Pension Benefits (Narrative) (Details) (Pension Benefits [Member], USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2015
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$0	$0
Estimated future employer contributions in current fiscal year		$0

Pension_Benefits_Components_Of

Pension Benefits (Components Of Net Periodic Benefit Income) (Details) (Pension Benefits [Member], USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Mar. 31, 2015		Mar. 31, 2014
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$403		$439		$1,209		$1,315
Expected return on plan assets	-658		-614		-1,974		-1,842
Amortization of unrecognized net loss	107	[1]	115	[1]	321	[1]	345	[1]
Net periodic benefit (income) cost	($148)		($60)		($444)		($182)
[1]	Included in the computation of net periodic benefit income/cost. See Notes 7 and 8 for additional information.

Postretirement_Benefits_Narrat

Postretirement Benefits (Narrative) (Details) (Postretirement Benefits [Member], USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2015
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$20,000	$74,000
Estimated future employer contributions in current fiscal year		$100,000

Postretirement_Benefits_Compon

Postretirement Benefits (Components Of Net Periodic Benefit Cost) (Details) (Postretirement Benefits [Member], USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Mar. 31, 2015		Mar. 31, 2014
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$8		$8		$24		$24
Interest cost	27		33		81		97
Amortization of unrecognized net (gain) loss	-7	[1]	-6	[1]	-21	[1]	-20	[1]
Amortization of prior service asset	-1	[1]	-1	[1]	-3	[1]	-3	[1]
Net periodic benefit (income) cost	$27		$34		$81		$98
[1]	Included in the computation of net periodic benefit income/cost. See Notes 7 and 8 for additional information.

Business_Segment_Information_S

Business Segment Information (Summary Of Financial Information Attributable To Reportable Segments) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Net Sales	$263,400	$241,849	$826,798	$782,267
Operating Income	31,208	28,835	116,028	121,451
Specialty Foods [Member]
Segment Reporting Information [Line Items]
Net Sales	263,400	241,849	826,798	782,267
Operating Income	34,170	31,408	124,909	130,364
Corporate [Member]
Segment Reporting Information [Line Items]
Operating Income	($2,962)	($2,573)	($8,881)	($8,913)