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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Net sales $ 48,083 $ 29,103 $ 87,809 $ 58,298
Cost of goods sold 38,409 24,042 72,130 48,853
Gross profit 9,674 5,061 15,679 9,445
Selling, general and administrative 4,282 4,363 8,202 8,802
Income from operations 5,392 698 7,477 643
Other (expense) income:        
Interest income 1 50 1 129
Interest expense (49) (7) (95) (11)
Foreign exchange loss (753) (162) (1,018) (53)
Other, net (5) (5) (15) (12)
Total other (expense) income (806) (124) (1,127) 53
Income before income taxes 4,586 574 6,350 696
Provision for income taxes 954 98 460 124
Net income 3,632 476 5,890 572
Unrealized loss resulting from change in fair value of derivative instruments, net of tax (854) (903) (1,974) (516)
Comprehensive income (loss) $ 2,778 $ (427) $ 3,916 $ 56
Net income per common share:        
Basic (in dollars per share) $ 0.58 $ 0.07 $ 0.93 $ 0.08
Diluted (in dollars per share) $ 0.57 $ 0.07 $ 0.91 $ 0.08
Weighted average common shares outstanding        
Basic (in shares) 6,270,419 6,795,269 6,344,256 6,818,249
Diluted (in shares) 6,405,308 6,885,934 6,438,143 6,935,580