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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 83,419 $ 78,156 $ 85,658 $ 84,159 $ 80,844 $ 70,740 $ 84,687 $ 85,925 $ 76,073 $ 68,603 $ 84,715 $ 78,466 $ 331,392 [1] $ 322,196 [1] $ 307,857 [1] $ 299,463 $ 280,790
Cost of products and services sold                         248,012 238,525 233,408 234,165 220,380
Restructuring costs                         1,503
Gross profit 21,236 18,399 21,407 20,835 19,847 16,549 23,926 23,349 18,981 16,305 20,555 18,608 81,877 83,671 74,449    
Selling and administrative expenses                         77,272 69,715 66,694 62,175 57,367
Impairment of intangible asset                         479 805 2,413
Acquisition deal costs                         1,608
Restructuring costs (gain) (see Note 15)                         (1,091)
Loss on sale of subsidiary                         565
Gain on sale of building                         (1,361) (343)
Operating income                         3,609 13,956 7,533 2,318 630
Interest (income)                         (91) (84) (26) (17) (47)
Interest expense                         620 36 45 68 62
Income before income taxes                         3,080 14,004 7,514 2,267 615
Income tax expense                         80 4,522 2,363 1,337 738
Net income $ 696 $ (531) $ 2,006 $ 829 $ 1,428 $ 522 $ 3,782 $ 3,750 $ 1,643 $ 393 $ 1,588 $ 1,527 $ 3,000 $ 9,482 $ 5,151 $ 930 $ (123)
Earnings per common share (see Note 3)                                  
Basic (in dollars per share) $ 0.03 $ (0.02) $ 0.08 $ 0.03 $ 0.06 $ 0.02 $ 0.15 $ 0.15 $ 0.07 $ 0.02 $ 0.06 $ 0.06 $ 0.12 $ 0.38 $ 0.21 $ 0.04 $ (0.01)
Diluted (in dollars per share) $ 0.03 $ (0.02) $ 0.08 $ 0.03 $ 0.06 $ 0.02 $ 0.15 $ 0.15 $ 0.07 $ 0.02 $ 0.06 $ 0.06 $ 0.12 $ 0.37 $ 0.21 $ 0.04 $ (0.01)
Weighted average common shares outstanding                                  
Basic (in shares)                         25,436 24,988 24,496 24,388 24,313
Diluted (in shares)                         25,988 [2] 25,592 [2] 24,638 [2] 24,546 24,313
[1] Net sales are attributed to geographic areas based upon the location of the operation making the sale.
[2] Options to purchase 1,331,300 common shares, 1,331,300 common shares, and 1,882,722 common shares at June 30, 2017, 2016, and 2015, respectively, were not included in the computation of diluted earnings per share because the exercise price was greater than the average fair market value of the common shares.