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Note 18. Quarterly Financial Information (Unaudited)
 12 Months Ended
Jun. 30, 2018
Quarterly Financial Information (Unaudited) [Abstract]  
Quarterly Financial Information
Quarterly Financial Information (Unaudited)
 
Three Months Ended
(Amounts in Thousands, Except for Per Share Data)
September 30
 
December 31
 
March 31
 
June 30
Fiscal Year 2018:
 
 
 
 
 
 
 
Net Sales
$
253,204

 
$
258,151

 
$
283,938

 
$
276,768

Gross Profit
19,490

 
20,962

 
22,927

 
22,823

Net Income (1)
8,480

 
(8,347
)
 
10,835

 
5,784

Basic Earnings Per Share
$
0.32

 
$
(0.31
)
 
$
0.41

 
$
0.22

Diluted Earnings Per Share
$
0.31

 
$
(0.31
)
 
$
0.40

 
$
0.22

Fiscal Year 2017:
 
 
 
 
 
 
 
Net Sales
$
226,451

 
$
230,265

 
$
232,930

 
$
241,268

Gross Profit
18,322

 
20,553

 
18,718

 
18,002

Other General Income (2)
(4,005
)
 
—

 
—

 
—

Net Income
10,122

 
7,812

 
8,117

 
8,128

Basic Earnings Per Share
$
0.36

 
$
0.29

 
$
0.30

 
$
0.30

Diluted Earnings Per Share
$
0.36

 
$
0.28

 
$
0.30

 
$
0.30


(1) Net income for the quarter ended December 31, 2017 included income tax expense of $16.6 million ($0.62 per diluted share) due to the U.S. Tax Cuts and Jobs Act (“Tax Reform”) that was enacted into law in December 2017 and relates to the deemed repatriation of unremitted foreign earnings and the revaluation of net deferred tax assets.
(2) Other General Income of $4.0 million resulted from a payment received related to a class action lawsuit in which Kimball Electronics was a class member.