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Selected Quarterly Financial Data
12 Months Ended
Jun. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
Selected Quarterly Financial Data (Unaudited)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Fiscal Year
2018
 
 
 
 
 
 
 
 
 
Net Sales
$
298,916

 
$
319,665

 
$
296,174

 
$
308,170

 
$
1,222,925

Gross Profit
$
75,477

 
$
83,941

 
$
67,913

 
$
76,182

 
$
303,513

Net Income (1)
$
29,386

 
$
45,920

 
$
27,621

 
$
32,387

 
$
135,314

Diluted Net Income Per Common Share (1) (3)
$
1.07

 
$
1.67

 
$
1.00

 
$
1.18

 
$
4.92

 
 
 
 
 
 
 
 
 
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Fiscal Year
2017
 
 
 
 
 
 
 
 
 
Net Sales
$
291,361

 
$
326,773

 
$
293,834

 
$
289,874

 
$
1,201,842

Gross Profit
$
80,634

 
$
93,739

 
$
71,905

 
$
72,486

 
$
318,764

Net Income (2)
$
33,400

 
$
38,956

 
$
14,471

 
$
28,487

 
$
115,314

Diluted Net Income Per Common Share (2) (3)
$
1.22

 
$
1.42

 
$
0.53

 
$
1.04

 
$
4.20


(1)
Included in the second quarter net income was the one-time preliminary deferred tax benefit of $8.9 million, or approximately $0.32 per diluted share, resulting from the Tax Act. The fiscal year impact was $9.5 million, or approximately $0.35 per diluted share.
(2)
Included in the third quarter and fiscal year net income was expense of $11.5 million, net of taxes, or approximately $0.42 per diluted share, related to a multiemployer pension settlement and other benefit-related costs.
(3)
Diluted net income per common share amounts are calculated independently for each of the quarters presented. Accordingly, the sum of the quarterly net income per common share amounts may not agree with the fiscal year.