Summary of Significant Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2015

Impact of Revisions To Prior issued Financial Statements

The accompanying unaudited consolidated statement of operations for the nine months ended March 31, 2014 has been corrected for the errors described above. The following table presents the impact of these corrections:



Consolidated Statement of Operations Data	Nine Months Ended March 31, 2014
(In thousands)	As Previously Reported			Adjustments			As Corrected
Net sales	$	395,312		$	2,871		$	398,183
Cost of goods sold	242,612			5,140			247,752
Gross profit	152,700			(2,269		)	150,431
Selling expenses	118,487			(959		)	117,528
General and administrative expenses	27,637			(1,310		)	26,327
Net gains from sales of assets	(13		)	—			(13		)
Operating expenses	146,111			(2,269		)	143,842
Income from operations	6,589			—			6,589
Other income (expense):
Dividend income	802			—			802
Interest income	332			—			332
Interest expense	(1,042		)	—			(1,042		)
Other, net	3,244			—			3,244
Total other income	3,336			—			3,336
Income before taxes	9,925			—			9,925
Income tax expense	904			—			904
Net income	$	9,021		$	—		$	9,021

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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