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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Net sales $ 85,658 $ 84,687 $ 169,817 $ 170,612
Cost of products and services sold 63,611 60,761 126,432 123,337
Restructuring costs 640 1,143
Gross profit 21,407 23,926 42,242 47,275
Restructuring costs 57 210
Selling and administrative expenses 18,532 18,546 38,148 36,132
Operating income 2,818 5,380 3,884 11,143
Interest (income) (28) (17) (55) (25)
Interest expense 8 9 21 17
Income before income taxes 2,838 5,388 3,918 11,151
Income tax expense 832 1,606 1,083 3,619
Net income $ 2,006 $ 3,782 $ 2,835 $ 7,532
Earnings per common share (see Note 4)        
Basic (in dollars per share) $ 0.08 $ 0.15 $ 0.11 $ 0.30
Basic earnings per share (in dollars per share) $ 0.08 $ 0.15 $ 0.11 $ 0.30
Weighted average common shares outstanding        
Basic (in shares) 25,314 24,911 25,294 24,838
Diluted (in shares) [1] 25,803 25,624 25,859 25,405
[1] Options to purchase 1,682,270 common shares and 1,115,250 common shares at December 31, 2016 and 2015, respectively, and options to purchase 1,626,770 common shares and 1,506,800 common shares at December 31, 2016 and 2015, respectively were not included in the computation of the three month and six month period for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.