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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
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, 2018
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 83,409 $ 78,843 $ 92,305 $ 87,466 $ 83,419 $ 78,156 $ 85,658 $ 84,159 $ 80,844 $ 70,740 $ 84,687 $ 85,925 $ 342,023 $ 331,392 $ 322,196 $ 307,857 $ 299,463
Cost of products and services sold                         252,789 248,012 238,525 233,408 234,165
Restructuring costs                         1,503
Gross profit 20,306 19,918 25,307 23,703 21,236 18,399 21,407 20,835 19,847 16,549 23,926 23,349 89,234 81,877 83,671    
Selling and administrative expenses                         79,750 77,272 69,715 66,694 62,175
Impairment of goodwill and intangible asset                         28,000 479 805
Transition and realignment costs                         3,136
Acquisition deal costs                         1,608
Restructuring (gain) (see Note 15)                         (1,091)
Operating (loss) income                         (21,652) 3,609 13,956 7,533 2,318
Interest (income)                         (39) (91) (84) (26) (17)
Interest expense                         1,719 620 36 45 68
(Loss) income before income taxes                         (23,332) 3,080 14,004 7,514 2,267
Income tax (benefit) expense                         (3,791) 80 4,522 2,363 1,337
Net (loss) income $ (2,664) $ 220 $ (1,468) $ (15,629) $ 696 $ (531) $ 2,006 $ 829 $ 1,428 $ 522 $ 3,782 $ 3,750 $ (19,541) $ 3,000 $ 9,482 $ 5,151 $ 930
(Loss) earnings per common share (see Note 3)                                  
Basic (in dollars per share) $ (0.10) $ (0.01) $ (0.06) $ (0.61) $ 0.03 $ (0.02) $ 0.08 $ 0.03 $ 0.06 $ 0.02 $ 0.15 $ 0.15 $ (0.76) $ 0.12 $ 0.38 $ 0.21 $ 0.04
Diluted (in dollars per share) $ (0.10) $ (0.01) $ (0.06) $ (0.61) $ 0.03 $ (0.02) $ 0.08 $ 0.03 $ 0.06 $ 0.02 $ 0.15 $ 0.15 $ (0.76) $ 0.12 $ 0.37 $ 0.21 $ 0.04
Weighted average common shares outstanding                                  
Basic (in shares)                         25,866 25,436 24,988 24,496 24,388
Diluted (in shares)                         25,866 [1] 25,988 [1] 25,592 [1] 24,638 24,546
[1] Options to purchase 2,802,420 common shares, 1,698,883 common shares, and 1,331,300 common shares at June 30, 2018, 2017, and 2016, 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. For the year ended June 30, 2018 the effect of dilutive securities was not included in the calculation of diluted earnings (loss) per share because there was a net operating loss for the period.