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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Net sales:        
Equipment revenues $ 19,042 $ 18,681 $ 55,926 $ 56,056
Service revenues 3,158 2,126 8,560 5,634
Net sales [1] 22,200 20,807 64,486 61,690
Cost of sales:        
Equipment related expenses 12,557 12,026 36,580 35,596
Service related expenses 751 420 2,049 1,427
Cost of sales 13,308 12,446 38,629 37,023
Gross Profit 8,892 8,361 25,857 24,667
Operating expenses:        
Research and development expenses 1,669 1,698 4,915 4,935
Selling, general, and administrative expenses 5,311 5,527 16,805 16,816
Operating expenses 6,980 7,225 21,720 21,751
Operating Income 1,912 1,136 4,137 2,916
Other expense:        
Interest, net 19 17 67 59
Income before Income Taxes 1,893 1,119 4,070 2,857
Income tax expense 64 167 118 480
Net Income $ 1,829 $ 952 $ 3,952 $ 2,377
Net Income per share:        
Basic $ 0.1 $ 0.05 $ 0.21 $ 0.13
Diluted $ 0.1 $ 0.05 $ 0.21 $ 0.13
Weighted average number of shares outstanding:        
Basic 18,737,000 18,819,000 18,811,000 18,797,000
Diluted 18,772,000 18,855,000 18,845,000 18,844,000
[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.