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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Net sales:    
Equipment revenues $ 19,590 $ 18,586
Service revenues 3,786 2,588
Net sales [1] 23,376 21,174
Cost of sales:    
Equipment related expenses 13,007 12,091
Service related expenses 810 597
Cost of sales 13,817 12,688
Gross Profit 9,559 8,486
Research and development 1,745 1,607
Selling, general, and administrative expenses 6,055 5,820
Operating Income 1,759 1,059
Other expense:    
Interest expense, net 7 26
Income before Provision for Income Taxes 1,752 1,033
Provision for Income Taxes 248 143
Net Income $ 1,504 $ 890
Income per share:    
Basic $ 0.08 $ 0.05
Diluted $ 0.08 $ 0.05
Weighted average number of shares outstanding:    
Basic 18,726,000 18,846,000
Diluted 18,776,000 18,879,000
[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.