XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Net sales $ 19,127 $ 15,835 $ 52,757 $ 45,981
Cost of goods sold 15,685 12,972 44,056 37,357
Gross profit 3,442 2,863 8,701 8,624
Selling, general & administrative expenses 2,274 2,294 7,179 7,299
Income from operations 1,168 569 1,522 1,325
Other (expense) income:        
Interest income 7 14 28 35
Interest expense (3) (5) (8) (16)
Foreign exchange loss (25) (57) (15) (72)
Other, net (94)   (87)  
(115) (48) (82) (53)
Income before income taxes 1,053 521 1,440 1,272
Provision for income taxes 431 343 536 295
Net income 622 178 904 977
Unrealized gain (loss) resulting from change in fair value of derivative instruments, net of tax 83 124 (120) (412)
Change in minimum pension liability, net of tax (36)   (36)  
Comprehensive income $ 669 $ 302 $ 748 $ 565
Net income per common share:        
Basic (in Dollars per share) $ 0.09 $ 0.03 $ 0.13 $ 0.14
Diluted (in Dollars per share) $ 0.09 $ 0.03 $ 0.13 $ 0.14
Weighted average common shares outstanding:        
Basic (in Shares) 6,819,071 6,841,163 6,817,643 6,883,304
Diluted (in Shares) 6,842,951 6,843,897 6,845,765 6,891,023