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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Net sales:        
Equipment revenues $ 20,597 $ 19,042 $ 60,872 $ 55,926
Service revenues 4,546 3,158 12,476 8,560
Net sales [1] 25,143 22,200 73,348 64,486
Cost of sales:        
Equipment related expenses 13,471 12,557 39,681 36,580
Service related expenses 943 751 2,708 2,049
Cost of sales 14,414 13,308 42,389 38,629
Gross Profit 10,729 8,892 30,959 25,857
Research and development 1,851 1,669 5,358 4,915
Selling, general, and administrative expenses 5,231 5,311 16,901 16,805
Operating expenses 7,082 6,980 22,259 21,720
Operating Income 3,647 1,912 8,700 4,137
Interest expense, net 5 19 18 67
Income before Provision for Income Taxes 3,642 1,893 8,682 4,070
Provision for Income Taxes 520 64 1,187 118
Net Income $ 3,122 $ 1,829 $ 7,495 $ 3,952
Income per share:        
Basic $ 0.17 $ 0.10 $ 0.40 $ 0.21
Diluted $ 0.17 $ 0.10 $ 0.40 $ 0.21
Weighted average number of shares outstanding:        
Basic 18,489,000 18,737,000 18,607,000 18,811,000
Diluted 18,533,000 18,772,000 18,654,000 18,845,000
[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.