XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Net sales $ 66,152,000 [1] $ 62,937,000 [1] $ 211,953,000 [1] $ 197,206,000 [1]
Cost of products and services sold 52,231,000 49,621,000 166,279,000 153,500,000
Gross profit 13,921,000 13,316,000 45,674,000 43,706,000
Selling and administrative expenses 14,155,000 13,222,000 43,449,000 39,957,000
Goodwill impairments 272,000   2,413,000 258,000
Operating income (loss) (506,000) 94,000 (188,000) 3,491,000
Interest (income) (9,000) (6,000) (40,000) (18,000)
Interest expense 30,000 37,000 63,000 126,000
Income (loss) before income taxes (527,000) 63,000 (211,000) 3,383,000
Income tax expense (benefit) (212,000) 440,000 724,000 1,664,000
Net income (loss) $ (315,000) $ (377,000) $ (935,000) $ 1,719,000
Basic (in Dollars per share) $ (0.01) $ (0.02) $ (0.04) $ 0.07
Diluted (in Dollars per share) $ (0.01) $ (0.02) $ (0.04) $ 0.07
Basic (in Shares) 24,312 24,300 24,308 24,297
Diluted (in Shares) 24,410 [2] 24,360 [2] 24,372 [2] 24,352 [2]
[1] Net sales are attributed to geographic areas based upon the location of the operation making the sale.
[2] Options to purchase 1,842,075 common shares and 1,656,338 common shares at March 31, 2013 and 2012, respectively, and options to purchase 2,058,075 common shares and 1,792,849 common shares at March 31, 2013 and 2012, respectively, were not included in the computation of the three month and nine month, respectively, diluted earnings per share because the exercise price was greater than the average fair market value of the common shares.