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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 71,082 [1] $ 68,774 [1] $ 145,801 [1] $ 134,269 [1]
Cost of products and services sold 57,200 53,848 114,048 103,879
Gross profit 13,882 14,926 31,753 30,390
Selling and administrative expenses 14,450 13,707 29,294 26,735
Goodwill impairment 2,141 0 2,141 258
Operating income (loss) (2,709) 1,219 318 3,397
Interest (income) (11) (11) (31) (12)
Interest expense (7) 48 33 89
Income (loss) before income taxes (2,691) 1,182 316 3,320
Income tax expense (benefit) (241) 410 936 1,224
Net income (loss) $ (2,450) $ 772 $ (620) $ 2,096
Earnings (loss) per common share (see Note 4)        
Basic (in Dollars per share) $ (0.10) $ 0.03 $ (0.03) $ 0.09
Diluted (in Dollars per share) $ (0.10) $ 0.03 $ (0.03) $ 0.09
Weighted average common shares outstanding        
Basic (in Shares) 24,307 24,298 24,306 24,295
Diluted (in Shares) 24,391 [2] 24,341 [2] 24,382 [2] 24,348 [2]
[1] Net sales are attributed to geographic areas based upon the location of the operation making the sale.
[2] Options to purchase 1,896,776 common shares and 1,821,210 common shares at December 31, 2012 and 2011, respectively, and options to purchase 1,852,451 common shares and 1,823,315 common shares at December 31, 2012 and 2011, respectively, were not included in the computation of the three month and six month, respectively, diluted earnings per share because the exercise price was greater than the average fair market value of the common shares.