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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Building [Member]        
(Gain) on sale of building $ (343)
Net sales [1] $ 70,740 $ 68,603 $ 241,352 231,784
Cost of products and services sold 54,191 52,298 177,528 176,316
Gross profit $ 16,549 $ 16,305 $ 63,824 55,468
Loss on sale of subsidiary (see Note 13) 565
Selling and administrative expenses $ 15,817 $ 15,723 $ 51,949 49,906
Operating Income (Loss) 732 582 11,875 5,340
Interest (income) (28) (8) (54) (17)
Interest expense 9 11 27 34
Income before income taxes 751 579 11,902 5,323
Income tax expense 229 186 3,848 1,815
Net income $ 522 $ 393 $ 8,054 $ 3,508
Earnings per common share (see Note 4)        
Basic earnings per share (in dollars per share) $ 0.02 $ 0.02 $ 0.32 $ 0.14
Diluted earnings per share (in dollars per share) $ 0.02 $ 0.02 $ 0.32 $ 0.14
Weighted average common shares outstanding        
Weighted average shares outstanding during the period, net of treasury shares (a) (in shares) 25,080 24,528 24,918 24,470
Diluted (in shares) [2] 25,700 24,643 25,494 24,550
[1] Net sales are attributed to geographic areas based upon the location of the operation making the sale.
[2] Options to purchase 1,032,250 common shares and 1,729,273 common shares at March 31, 2016 and 2015, respectively, and options to purchase 1,391,300 common shares and 2,272,823 common shares at March 31, 2016 and 2015, respectively, were not included in the computation of the three month and nine month periods for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.