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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Net sales [1] $ 20,715 $ 20,497 $ 40,883 $ 38,646
Cost of sales 14,098 14,296 27,814 26,808
Gross Profit 6,617 6,201 13,069 11,838
Selling, general, and administrative expenses 5,553 5,182 11,289 10,495
Operating Income 1,064 1,019 1,780 1,343
Other expense:        
Interest, net 18 41 42 94
Income before Income Taxes 1,046 978 1,738 1,249
Income tax expense (benefit) 189 2 313 (42)
Net Income $ 857 $ 976 $ 1,425 $ 1,291
Net Income per share:        
Basic $ 0.05 $ 0.05 $ 0.08 $ 0.07
Diluted $ 0.05 $ 0.05 $ 0.08 $ 0.07
Weighted average number of shares outstanding:        
Basic 18,798,000 18,931,000 18,792,000 18,948,000
Diluted 18,851,000 18,957,000 18,844,000 18,971,000
[1] All of the Company's sales originate in the United States and are shipped primarily from the Company's facilities in the United States. There were no sales into any one foreign country in excess of 10% of total Net Sales.