View Filing Data

Document And Entity Information	3 Months Ended
Document And Entity Information	Sep. 30, 2015 shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Entity Registrant Name	FLEXSTEEL INDUSTRIES INC
Entity Central Index Key	0000037472
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding	7,556,871
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
ASSETS
Cash	$ 1,865	$ 1,282
Trade receivables - less allowances: September 30, 2015, $1,350; June 30, 2015, $1,400	46,643	45,101
Inventories	108,872	113,842
Deferred income taxes	4,780	4,220
Other	6,770	6,777
Total current assets	168,930	171,222
NONCURRENT ASSETS:
Property, plant and equipment, net	64,796	64,770
Deferred income taxes	1,380	1,870
Other assets	5,686	6,757
TOTAL	240,792	244,619
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable - trade	14,367	18,329
Notes payable short term	6,807	11,904
Accrued liabilities:
Payroll and related items	5,694	7,931
Insurance	4,252	4,308
Other	12,217	8,848
Total current liabilities	43,337	51,320
LONG-TERM LIABILITIES:
Deferred compensation	1,817	2,915
Other liabilities	3,762	3,637
Total liabilities	48,916	57,872
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 September 30, 2015, 7,556,871 shares; outstanding June 30, 2015, 7,480,367 shares	7,557	7,480
Additional paid-in capital	19,586	18,827
Retained earnings	166,578	162,176
Accumulated other comprehensive loss	(1,845)	(1,736)
Total shareholders' equity	191,876	186,747
TOTAL	$ 240,792	$ 244,619

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Consolidated Balance Sheets [Abstract]
Trade receivables, allowance for doubtful accounts	$ 1,350	$ 1,400
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	7,556,871	7,480,367

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Operations [Abstract]
NET SALES	$ 126,531	$ 108,666
COST OF GOODS SOLD	(98,662)	(83,146)
GROSS MARGIN	27,869	25,520
SELLING, GENERAL AND ADMINISTRATIVE	(18,490)	(18,391)
OPERATING INCOME (LOSS)	9,379	7,129
OTHER INCOME (EXPENSE):
Total	(87)	619
Interest and other income	(50)	619
Interest expense	(37)
INCOME (LOSS) BEFORE INCOME TAXES	9,292	7,748
INCOME TAX (PROVISION) BENEFIT	(3,530)	(2,870)
NET INCOME (LOSS)	$ 5,762	$ 4,878
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic	7,508	7,371
Diluted	7,761	7,667
EARNINGS (LOSS) PER SHARE OF COMMON STOCK:
Basic	$ 0.77	$ 0.66
Diluted	0.74	0.64
CASH DIVIDENDS DECLARED PER COMMON SHARE	$ 0.18	$ 0.18

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]
Net income	$ 5,762	$ 4,878
Unrealized (losses) gains on securities in supplemental retirement plans	(268)	(29)
Reclassification of Realized gain on supplemental retirement plans to other income	92	(145)
Other Comprehensive Income(Loss) Before Taxes	(176)	(174)
Income tax benefit (expense) related to securities in supplemental retirement plans gains (losses)	67	66
Other comprehensive (loss) income, net of tax	(109)	(108)
Comprehensive income	$ 5,653	$ 4,770

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net income (loss)	$ 5,762	$ 4,878
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation	1,742	1,096
Deferred income taxes	(3)	86
Stock-based compensation expense	171	282
Excess tax benefit from stock-based payment arrangements	(20)	113
Provision for losses on accounts receivable	(50)	(19)
Gain on disposition of capital assets		(21)
Changes in operating assets and liabilities:
Trade receivables	(1,492)	(2,387)
Inventories	4,970	(8,220)
Other current assets	846	(1,165)
Other assets		(409)
Accounts payable - trade	(3,641)	9,565
Accrued liabilities	(567)	(618)
Other long-term liabilities	664	227
Supplemental retirement plans	126	(254)
Net cash provided by operating activities	8,508	3,154
INVESTING ACTIVITIES:
Purchases of investments	(149)	(1,318)
Proceeds from sales of investments	94	1,228
Proceeds from sale of capital assets		26
Capital expenditures	(2,090)	(25,841)
Net cash (used in) provided by investing activities	(2,145)	(25,905)
FINANCING ACTIVITIES:
Proceeds from long-term debt, net	(5,097)	11,996
Dividends paid	(1,347)	(1,106)
Proceeds from issuance of common stock	644	105
Excess tax benefit from stock-based payment arrangements	20	(113)
Net cash used in financing activities	(5,780)	10,882
Increase (decrease) in cash and cash equivalents	583	(11,869)
Cash and cash equivalents at beginning of year	1,282	1,282
Cash and cash equivalents at end of year	1,865	10,307
SUPPLEMENTAL INFORMATION CASH PAID DURING THE PERIOD FOR:
Interest	37
Income taxes paid (refunded)	150	1,510
Capital Expenditures Incurred but Not yet Paid	$ 142	$ 131

Summary Of Significant Accounting Policies

3 Months Ended

Sep. 30, 2015

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

The consolidated financial statements included herein have been prepared by Flexsteel Industries, Inc. and Subsidiaries (the “Company” or “Flexsteel”), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The information furnished in the consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which are, in the opinion of management, necessary for a fair presentation of such consolidated financial statements. Operating results for the three and six month periods ended September 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2016. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. Except to the extent updated or described below, the significant accounting policies set forth in Note 1 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2015, appropriately represent, in all material respects, the current status of accounting policies and are incorporated by reference.

DESCRIPTION OF BUSINESS – Flexsteel Industries, Inc. and Subsidiaries (the “Company”) was incorporated in 1929 and is one of the oldest and largest manufacturers, importers and marketers of residential and commercial upholstered and wooden furniture products in the United States. 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 and bedroom furniture. The Company’s products are intended for use in home, office, hotel, healthcare and other commercial applications. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which our name “Flexsteel” is derived. The Company distributes its products throughout the United States through the Company’s sales force and various independent representatives.

Inventories

3 Months Ended

Sep. 30, 2015

Inventories [Abstract]

Inventories

2. INVENTORIES

The Company values inventory at the lower of cost or net realizable value. Raw steel is valued on the last-in, first-out (“LIFO”) method. Other inventories are valued on the first-in, first-out (“FIFO”) method. Inventories valued on the LIFO method would have been approximately $1.4 million and $1.6 million higher at September 30, 2015 and June 30, 2015, respectively, if they had been valued on the FIFO method. At September 30, 2015 and June 30, 2015 the total value of LIFO inventory was $3.5 million and $2.6 million, respectively. A comparison of inventories is as follows:



(in thousands)	September 30,		June 30,
	2015		2015
Raw materials	$	13,392	$	12,663
Work in process and finished parts		6,881		5,772
Finished goods		88,599		95,407
Total	$	108,872	$	113,842

Fair Value Measurements

3 Months Ended

Sep. 30, 2015

Fair Value Measurements [Abstract]

Fair Value Disclosures [Text Block]

FAIR VALUE MEASUREMENTS

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.

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. Funds of the Supplemental Plan 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 September 30, 2015, the Company’s Supplemental 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 September 30, 2015, the Supplemental Plan Assets were $3.3 million, with $1.9 million of the Supplemental Plan assets classified as “other current assets” and $1.4 million as “other assets” in the Consolidated Balance Sheets. As of June 30, 2015, the Supplemental Plan assets were $3.5 million, with $1.1 million classified as “other current assets” and $2.4 million classified as “other assets” in the Consolidated Balance Sheets. These assets are classified as Level 2 in accordance with fair value accounting as described above.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Credit Arrangements	3 Months Ended
Credit Arrangements	Sep. 30, 2015
Credit Arrangements [Abstract]
Credit Arrangements	4. CREDIT ARRANGEMENTS The Company maintains a credit agreement which provides unsecured short-term working capital financing up to $30.0 million with interest of LIBOR plus 1% (1.19% at September 30, 2015), including up to $4.0 million of letters of credit. Letters of credit outstanding at September 30, 2015 totaled $2.6 million. At September 30, 2015, outstanding borrowings were $6.8 million, which is classified as “notes payable – current” in the Consolidated Balance Sheets, in addition to the aforementioned letters of credit, leaving borrowing availability of $20.6 million. The credit agreement expires December 31, 2016. At September 30, 2015, 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 additional unsecured $10.0 million line of credit, with interest at prime minus 2% (1.25% at September 30, 2015), and where its routine banking transactions are processed. No amount was outstanding on the line of credit at September 30, 2015. This line of credit matures December 31, 2016. In addition, the Supplemental Plan assets, held in a Rabbi Trust, of $3.3 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. Fair value of the Company’s debt approximates the carrying value.

Earnings Per Share

3 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic earnings per share (EPS) of common stock is based on the weighted-average number of common shares outstanding during each period. 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, shares associated with the long-term management incentive compensation plan and non-vested shares. 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 is 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 period were the end of the contingency period.

In computing EPS for the quarters ended September 30, 2015 and 2014, net income as reported for each respective period is divided by the fully diluted weighted average number of shares outstanding:



	Three Months Ended
	September 30,
(in thousands)	2015	2014

Basic shares	7,508	7,371

Potential common shares:
Stock options	212	283
Long-term incentive plan	41	13
	253	296

Diluted shares	7,761	7,667

Anti-dilutive shares	26	-

Litigation	3 Months Ended
Litigation	Sep. 30, 2015
Litigation [Abstract]
Litigation	7. LITIGATION Indiana Civil Litigation – During the quarter ended December 31, 2013, the Company entered into an agreement to settle the Indiana Civil Litigation for $6.3 million. During the quarters ended September 30, 2015 and 2014, the Company recorded $0.1 million of legal expenses incurred pursuing insurance coverage. These expenses and reimbursements are included in “selling, general and administrative” (SG&A) expense in the Consolidated Statements of Income. 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. However, that 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.

Stock-Based Compensation

3 Months Ended

Sep. 30, 2015

Stock-Based Compensation [Abstract]

Stock-Based Compensation

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 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 September 30, 2015, 2,594 shares have been issued. The Committee selected fully-diluted earnings per share as the performance goal for the three-year performance periods July 1, 2013 – June 30, 2016 (2014-2016), July 1, 2014 – June 30, 2017 (2015-2017) and July 1, 2015 – June 30, 2018 (2016-2018). Stock awards will be issued to participants as soon as practicable following the end of the performance periods subject to Committee approval and verification of results. The compensation cost related to the number of shares to be granted under each performance period is fixed on the grant date, which is the date the performance period begins.

The Company recorded expense of $0.3 million for the quarter ended September 30, 2015. If the target performance goals for 2014-2016, 2015-2017 and 2016-2018 would be achieved, the amount of compensation cost recognized over the requisite service periods would be $1.0 million for each of the three service periods.

2007 Long-Term Management Incentive Plan (2007 Plan)

The plan provided for shares of common stock and cash to be awarded to officers and key employees based on performance targets set by the Compensation Committee of the Board of Directors (the “Committee”). The Company’s shareholders approved 500,000 shares to be issued under the plan. Due to the adoption of the Long-Term Incentive Compensation Plan in December 2013, no additional shares can be awarded under the 2007 Plan. As of September 30, 2015, 240,325 shares have been issued. The Committee selected consolidated operating results for organic net sales growth and fully-diluted earnings per share as the performance goal for the three-year performance periods. Payouts for awards earned in these performance periods will be 60% stock and 40% cash. Awards were 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 was fixed on the grant date, which was the date the performance period began. 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 September 30, 2015, the Company had no liability outstanding on the plan. As of June 30, 2015, the Company recorded cash awards payable of $0.7 million within current liabilities. The Company recorded no expense during the quarter ended September 30, 2015 and $0.7 million during the prior year quarter, respectively.

(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.

At September 30, 2015, 572,682 shares were available for future grants. During the quarter ended September 30, 2015 the Company recorded expense of $0.2 million related to this plan. During the quarter ended September 30, 2014, the Company recorded no expense related to this plan.

2006 and 2009 Stock Option Plans

The stock option plans were for key employees, officers and directors and provided 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. No additional options can be granted under the 2006 and 2009 stock option plans.

There were no options granted and no expense was recorded under these Plans during the quarter ended September 30, 2015.

A summary of the status of the Company’s stock plans as of September 30, 2015, June 30, 2015 and 2014 and the changes during the periods then ended is presented below:



			Weighted		Aggregate
	Shares		Average		Intrinsic Value
	(in thousands)		Exercise Price		(in thousands)
Outstanding and exercisable at June 30, 2014	524		15.39	$	9,403
Granted	49		31.48
Exercised	(110)		15.52
Canceled	(6)		16.98
Outstanding and exercisable at June 30, 2015	457		17.02		11,916
Granted	26		43.09
Exercised	(46)		13.80
Canceled	(5)		24.54
Outstanding and exercisable at September 30, 2015	432	$	18.85	$	5,682

The following table summarizes information for options outstanding and exercisable at September 30, 2015:



		Options	Weighted Average
	Range of	Outstanding and	Remaining		Exercise
	Prices	Exercisable	Life (Years)		Price
		(in thousands)
$	6.81 - 8.55	85	3.8	$	7.77
	12.35 - 14.40	120	3.1		13.11
	17.23 - 22.82	110	6.3		19.11
	27.38 - 43.09	117	8.9		32.55
$	6.81 - 43.09	432	5.6	$	18.85

Inventories (Tables)

3 Months Ended

Sep. 30, 2015

Inventories [Abstract]

Comparison Of Inventories



(in thousands)	September 30,		June 30,
	2015		2015
Raw materials	$	13,392	$	12,663
Work in process and finished parts		6,881		5,772
Finished goods		88,599		95,407
Total	$	108,872	$	113,842

Earnings Per Share (Tables)

3 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]



	Three Months Ended
	September 30,
(in thousands)	2015	2014

Basic shares	7,508	7,371

Potential common shares:
Stock options	212	283
Long-term incentive plan	41	13
	253	296

Diluted shares	7,761	7,667

Anti-dilutive shares	26	-

Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2015

Stock-Based Compensation [Abstract]

Schedule Of Stock Option Plans



			Weighted		Aggregate
	Shares		Average		Intrinsic Value
	(in thousands)		Exercise Price		(in thousands)
Outstanding and exercisable at June 30, 2014	524		15.39	$	9,403
Granted	49		31.48
Exercised	(110)		15.52
Canceled	(6)		16.98
Outstanding and exercisable at June 30, 2015	457		17.02		11,916
Granted	26		43.09
Exercised	(46)		13.80
Canceled	(5)		24.54
Outstanding and exercisable at September 30, 2015	432	$	18.85	$	5,682

Schedule Of Options Outstanding And Exercisable



		Options	Weighted Average
	Range of	Outstanding and	Remaining		Exercise
	Prices	Exercisable	Life (Years)		Price
		(in thousands)
$	6.81 - 8.55	85	3.8	$	7.77
	12.35 - 14.40	120	3.1		13.11
	17.23 - 22.82	110	6.3		19.11
	27.38 - 43.09	117	8.9		32.55
$	6.81 - 43.09	432	5.6	$	18.85

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Inventories [Abstract]
Raw materials	$ 13,392	$ 12,663
Work in process and finished parts	6,881	5,772
Finished goods	88,599	95,407
Total inventories	108,872	113,842
Inventories valued on the FIFO method	1,400	1,600
Inventories valued on the LIFO method	$ 3,500	$ 2,600

Fair Value Measurements (Details) - USD ($) $ in Millions	Sep. 30, 2015	Jun. 30, 2015
Deferred compensation plan assets	$ 3.3	$ 3.5
Other Current Assets [Member]
Deferred compensation plan assets	1.9	1.1
Other Assets [Member]
Deferred compensation plan assets	$ 1.4	$ 2.4

Credit Arrangements (Details) $ in Millions	3 Months Ended
Credit Arrangements (Details) $ in Millions	Sep. 30, 2015 USD ($)
Credit agreement capacity	$ 30.0
Interest rate over LIBOR	(1.19%)
Interest rate under prime rate	(1.25%)
Line of Credit Facility, Amount Outstanding	$ 6.8
Assets Held-in-trust	3.3
Letters Of Credit [Member]
Credit agreement capacity	4.0
Line of Credit Facility, Amount Outstanding	2.6
Line of Credit Facility, Remaining Borrowing Capacity	20.6
Unsecured [Member]
Credit agreement capacity	$ 10.0

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended
Earnings Per Share (Details) - shares shares in Thousands	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Basic	7,508	7,371
Stock options	212	283
Long-term incentive plan	41	13
Potential common shares, total	253	296
Diluted	7,761	7,667
Anti-dilutive shares	26

Litigation (Details) - USD ($) $ in Millions	3 Months Ended	15 Months Ended
Litigation (Details) - USD ($) $ in Millions	Dec. 31, 2013	Sep. 30, 2015
Litigation [Abstract]
Litigation Settlement, Expense	$ 6.3
Legal and other related expenses		$ 0.1

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Dec. 31, 2013
Long-Term Management Incentive Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares approved to be issued under plan	500,000
Shares issued	240,325
Performance awards earned, percentage payable as stock	60.00%
Performance awards earned, percentage payable as cash	40.00%
Cash awards payable within current liabilities			$ 0.7
Compensation cost		$ 0.7
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period options are excercisable	10 years
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
Shares issued	2,594
Compensation cost	$ 0.3
New Long-Term Management Incentive Compensation Plan [Member] \| 2016-2018[Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 1.0
New Omnibus Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares approved to be issued under plan	700,000
Compensation cost	$ 0.2
Period options are excercisable	10 years
Shares available for future grants	572,682

Stock-Based Compensation (Schedule Of Stock Option Plans) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Stock-Based Compensation [Abstract]
Shares, Outstanding and exercisable	457	524
Shares, Granted	26	49
Shares, Exercised	(46)	(110)
Shares, Canceled	(5)	(6)
Shares, Outstanding and exercisable	432	457
Weighted Average Exercise Price, Oustanding and exercisable	$ 17.02	$ 15.39
Weighted Average Exercise Price, Granted	43.09	31.48
Weighted Average Exercise Price, Exercised	13.80	15.52
Weighted Average Exercise Price, Canceled	24.54	16.98
Weighted Average Exercise Price, Oustanding and exercisable	$ 18.85	$ 17.02
Aggregate Intrinsic Value	$ 5,682	$ 11,916	$ 9,403

Stock-Based Compensation (Schedule Of Options Outstanding And Exercisable) (Details) shares in Thousands	3 Months Ended
	Sep. 30, 2015 $ / shares shares
6.81 - 8.55 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding \| shares	85
Weighted Average Remaining Life, Years	3 years 9 months 18 days
Weighted Average Exercise Price \| $ / shares	$ 7.77
12.35 - 14.40 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding \| shares	120
Weighted Average Remaining Life, Years	3 years 1 month 6 days
Weighted Average Exercise Price \| $ / shares	$ 13.11
17.23 - 22.82 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding \| shares	110
Weighted Average Remaining Life, Years	6 years 3 months 18 days
Weighted Average Exercise Price \| $ / shares	$ 19.11
27.38 - 43.09 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding \| shares	117
Weighted Average Remaining Life, Years	8 years 10 months 24 days
Weighted Average Exercise Price \| $ / shares	$ 32.55
6.81 - 43.09 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding \| shares	432
Weighted Average Remaining Life, Years	5 years 7 months 6 days
Weighted Average Exercise Price \| $ / shares	$ 18.85