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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 29,103 $ 36,043 $ 58,298 $ 72,575
Cost of goods sold 24,042 29,607 48,853 58,976
Gross profit 5,061 6,436 9,445 13,599
Selling, general and administrative 4,363 4,229 8,802 8,668
Income from operations 698 2,207 643 4,931
Other (expense) income:        
Interest income 50 529 129 1,084
Interest expense (7) (9) (11) (12)
Foreign exchange (loss) gain (162) 37 (53) (41)
Other, net (5) (14) (12) 9
Total other (expense) income (124) 543 53 1,040
Income before income taxes 574 2,750 696 5,971
Provision for income taxes 98 569 124 1,231
Net income 476 2,181 572 4,740
Unrealized (loss) gain resulting from change in fair value of derivative instruments, net of tax (903) 852 (516) 1,235
Comprehensive (loss) income $ (427) $ 3,033 $ 56 $ 5,975
Net income per common share:        
Basic (in dollars per share) $ 0.07 $ 0.32 $ 0.08 $ 0.70
Diluted (in dollars per share) $ 0.07 $ 0.31 $ 0.08 $ 0.68
Weighted average common shares outstanding        
Basic (in shares) 6,795,269 6,807,979 6,818,249 6,786,470
Diluted (in shares) 6,885,934 6,999,223 6,935,580 6,982,083