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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 328,852 $ 342,023
Cost of products and services sold 253,621 252,789
Restructuring costs 1,441
Severance costs 77
Gross profit 73,713 89,234
Selling and administrative expenses 72,470 79,750
Impairment of goodwill and intangible asset 20,165 28,000
Severance costs 483
Restructuring costs 365
Transition and realignment costs 120 3,136
Operating (loss) (19,890) (21,652)
Interest (income) (38) (39)
Interest expense 2,278 1,719
Other expense 138
(Loss) before income taxes (22,268) (23,332)
Income tax (benefit) (5,929) (3,791)
Net (loss) $ (16,339) $ (19,541)
(Loss) per common share (see Note 3)    
Basic (in dollars per share) $ (0.63) $ (0.76)
Diluted (in dollars per share) $ (0.63) $ (0.76)
Weighted average common shares outstanding    
Basic (in shares) 26,109 25,866
Diluted (in shares) [1] 26,109 25,866
[1] Options to purchase 3,555,530 common shares and 2,802,420 common shares at June 30, 2019 and 2018, respectively, were not included in the computation of diluted (loss) per share because the exercise price was greater than the average fair market value of the common shares. For the years ended June 30, 2019 and June 30, 2018 the effect of dilutive securities was not included in the calculation of diluted loss per share because there was a net operating loss for the period.