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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 84,957 $ 87,466
Cost of products and services sold 63,541 63,763
Restructuring costs 155
Gross profit 21,261 23,703
Selling and administrative expenses 18,327 20,517
Impairment of goodwill 28,000
Operating income (loss) 2,934 (24,814)
Interest (income) (14) (8)
Interest expense 532 411
Income (loss) before income taxes 2,416 (25,217)
Income tax expense (benefit) 667 (9,588)
Net income (loss) $ 1,749 $ (15,629)
Earnings (Loss) per common share (see Note 4)    
Basic (in dollars per share) $ 0.07 $ (0.61)
Diluted (in dollars per share) $ 0.07 $ (0.61)
Weighted average common shares outstanding    
Basic (in shares) 26,032 25,791
Diluted (in shares) [1] 26,365 25,791
[1] Options to purchase 3,146,466 common shares and 3,791,936 common shares at September 30, 2018 and 2017, respectively, were not included in the computation of the three month period for diluted earnings (loss) per share, respectively, because the exercise price was greater than the average fair market value of the common shares. For the three months ended September 30, 2017, 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.