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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 136,110 $ 193,718 $ 263,452 $ 348,772
Cost of sales 86,663 115,751 164,319 203,441
Amortization of intangibles 8,153 8,157 15,181 16,380
Gross profit 41,294 69,810 83,952 128,951
Operating expenses:        
Research and development expenses 6,906 9,723 15,846 19,533
Selling, general and administrative expenses 17,421 23,197 38,729 43,785
Restructuring expenses 192 213 1,580 1,235
Asset impairment charges     1,618 369,499
Total operating expenses 24,519 33,133 57,773 434,052
Operating income (loss) 16,775 36,677 26,179 (305,101)
Other income (loss):        
Loss on extinguishment of debt     (2,145)  
Investment income 430 556 1,159 935
Interest expense (16,694) (21,512) (35,986) (42,945)
Other (735) (712) 199 (1,008)
Total other loss (16,999) (21,668) (36,773) (43,018)
Income (loss) before income tax (224) 15,009 (10,594) (348,119)
Income tax expense (benefit) (5,308) 2,647 (3,521) (72,953)
Net income (loss) $ 5,084 $ 12,362 $ (7,073) $ (275,166)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.13 $ 0.33 $ (0.18) $ (7.30)
Diluted (in dollars per share) $ 0.13 $ 0.32 $ (0.18) $ (7.30)
Weighted average common shares outstanding:        
Basic (in shares) 38,605,052 37,761,176 38,457,159 37,674,200
Diluted (in shares) [1] 40,557,503 39,112,547 38,457,159 37,674,200
[1] See Note 14 “Earnings (Loss) Per Common Share” for details on calculation.