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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 42,295 $ 37,727 $ 85,422 $ 76,067
Cost of goods sold 36,081 31,181 73,837 61,240
Gross profit 6,214 6,546 11,585 14,827
Selling, general and administrative 3,729 4,145 7,558 8,198
Income from operations 2,485 2,401 4,027 6,629
Other (expense) income:        
Interest income 9 0 13 0
Interest expense (55) (13) (130) (26)
Foreign exchange (loss) gain (143) 11 (290) 5
Other, net (10) (7) (16) (14)
Total other (expense) income (199) (9) (423) (35)
Income before income taxes 2,286 2,392 3,604 6,594
Provision for income taxes 473 545 738 1,491
Net income 1,813 1,847 2,866 5,103
Unrealized gain resulting from change in fair value of derivative instruments, net of tax (1,809) 331 (1,264) 1,285
Comprehensive income $ 4 $ 2,178 $ 1,602 $ 6,388
Net income per common share:        
Basic (in dollars per share) $ 0.31 $ 0.30 $ 0.49 $ 0.82
Diluted (in dollars per share) $ 0.31 $ 0.30 $ 0.49 $ 0.81
Weighted average common shares outstanding        
Basic (in shares) 5,866,494 6,211,954 5,893,071 6,249,791
Diluted (in shares) 5,873,129 6,256,498 5,908,287 6,303,921