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Selected Quarterly Financial Data (Tables)
12 Months Ended
Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule Of Quarterly Financial Information
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Fiscal Year
2019
 
 
 
 
 
 
 
 
 
Net Sales
$
316,654

 
$
349,581

 
$
317,882

 
$
323,670

 
$
1,307,787

Gross Profit
$
81,199

 
$
91,392

 
$
75,397

 
$
78,210

 
$
326,198

Net Income (1) (2)
$
39,028

 
$
47,907

 
$
30,604

 
$
33,010

 
$
150,549

Diluted Net Income Per Common Share (1) (2) (3)
$
1.42

 
$
1.73

 
$
1.11

 
$
1.20

 
$
5.46

 
 
 
 
 
 
 
 
 
 
 
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
$
75,475

 
$
83,939

 
$
67,911

 
$
76,181

 
$
303,506

Net Income (4)
$
29,386

 
$
45,920

 
$
27,621

 
$
32,387

 
$
135,314

Diluted Net Income Per Common Share (3) (4)
$
1.07

 
$
1.67

 
$
1.00

 
$
1.18

 
$
4.92


(1)
Included in the second quarter and fourth quarter net income was an after-tax benefit of $7.4 million and $5.7 million, respectively, or approximately $0.27 and $0.21 per diluted share, respectively, related to the reduction in the fair value of Angelic’s contingent consideration liability. The after-tax benefit for the fiscal year was $13.1 million, or approximately $0.48 per diluted share.
(2)
Included in the fourth quarter and fiscal year net income were after-tax ERP expenses of $1.4 million, or approximately $0.05 per diluted share, and after-tax restructuring and impairment charges of $1.3 million, or approximately $0.05 per diluted share.
(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.
(4)
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.