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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 35,455 $ 31,815 $ 108,030 $ 93,224
Cost of goods sold 29,128 25,105 88,104 73,522
Gross profit 6,327 6,710 19,926 19,702
Selling, general and administrative 4,492 4,187 13,160 13,015
Income from operations 1,835 2,523 6,766 6,687
Other income (expense):        
Interest income 411 269 1,495 823
Interest expense (11) (6) (23) (6)
Foreign exchange gain (loss) 232 (182) 191 (413)
Other, net (10) (5) (1) (18)
Total other income 622 76 1,662 386
Income before income taxes 2,457 2,599 8,428 7,073
Provision for income taxes 463 548 1,694 4,906
Net income 1,994 2,051 6,734 2,167
Unrealized gain (loss) resulting from change in fair value of derivative instruments, net of tax 424 (219) 1,659 (1,550)
Comprehensive income $ 2,418 $ 1,832 $ 8,393 $ 617
Net income per common share:        
Basic (in dollars per share) $ 0.29 $ 0.31 $ 0.99 $ 0.33
Diluted (in dollars per share) $ 0.27 $ 0.30 $ 0.95 $ 0.32
Weighted average common shares outstanding        
Basic (in shares) 6,800,375 6,639,098 6,791,105 6,620,324
Diluted (in shares) 7,394,600 6,909,475 7,119,589 6,860,870