Note 4. Revenue (Tables)

9 Months Ended

Mar. 31, 2019



Impact to Condensed Consolidated Statements of Income
	Three Months Ended March 31, 2018
(Amounts in Thousands)	As Originally Reported			Adoption of New Revenue Standard		As Adjusted
Net Sales	$	157,897		$	3,000	$	160,897
Cost of Sales	110,142			791		110,933
Gross Profit	47,755			2,209		49,964
Selling and Administrative Expenses	39,245			2,209		41,454
Operating Income	8,510			—		8,510
Operating Income as of Percent of Net Sales	5.4		%			5.3		%

	Nine Months Ended March 31, 2018
(Amounts in Thousands)	As Originally Reported			Adoption of New Revenue Standard		As Adjusted
Net Sales	$	501,088		$	13,783	$	514,871
Cost of Sales	339,808			3,672		343,480
Gross Profit	161,280			10,111		171,391
Selling and Administrative Expenses	124,808			10,111		134,919
Operating Income	36,472			—		36,472
Operating Income as of Percent of Net Sales	7.3		%			7.1		%



Impact to Condensed Consolidated Balance Sheet
	As of June 30, 2018
(Amounts in Thousands)	As Originally Reported		Adoption of New Revenue Standard		As Adjusted
Receivables, net of allowances	$	60,984	$	1,292	$	62,276
Accrued Expenses	49,294		1,292		50,586

The following table provides information about revenue by vertical market:

Changes in the customer deposits during the nine months ended March 31, 2019 are as follows:



(Amounts in Millions)	Customer Deposits
Balance as of June 30, 2018	$	21.3
Increases due to deposits received, net of other adjustments	92.0
Revenue recognized	(85.7		)
Balance as of March 31, 2019	$	27.6