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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Net sales $ 42,373 $ 46,320 $ 118,440 $ 134,129
Cost of goods sold 34,980 39,484 96,220 111,614
Gross profit 7,393 6,836 22,220 22,515
Selling, general and administrative 4,119 4,136 12,317 12,338
Income from operations 3,274 2,700 9,903 10,177
Other (expense) income:        
Interest income 0 0 0 1
Interest expense (19) (15) (45) (110)
Foreign exchange loss (40) (304) (35) (1,322)
Other, net (29) (7) (43) (22)
Total other expense (88) (326) (123) (1,453)
Income before income taxes 3,186 2,374 9,780 8,724
Provision for income taxes 682 458 2,173 918
Net income 2,504 1,916 7,607 7,806
Unrealized gain (loss) resulting from change in fair value of derivative instruments, net of tax 474 1,925 1,759 (49)
Comprehensive income $ 2,978 $ 3,841 $ 9,366 $ 7,757
Net income per common share:        
Basic (in dollars per share) $ 0.42 $ 0.31 $ 1.23 $ 1.24
Diluted (in dollars per share) $ 0.41 $ 0.30 $ 1.22 $ 1.22
Weighted average common shares outstanding        
Basic (in shares) 6,003,036 6,200,712 6,167,539 6,296,408
Diluted (in shares) 6,041,424 6,326,777 6,216,422 6,401,021