Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Components of inventory

As of June 30, 2018 and 2017, inventory consisted of (in thousands):

	June 30,
	2018		2017
Finished goods	$	7,859	$	7,817
Raw materials	5,768		8,758
Total inventory	$	13,627	$	16,575

Property and equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following useful lives:

	Years
Equipment (includes computer hardware and software)	3
Furniture and fixtures	5
Vehicles	5

Property and equipment, net consist of (in thousands):

	June 30,
	2018			2017
Equipment (includes computer hardware and software)	$	10,504		$	7,420
Furniture and fixtures	1,592			1,536
Leasehold improvements	3,761			3,421
Vehicles	51			51
Accumulated depreciation	(9,321		)	(9,301		)
Total property and equipment, net	$	6,587		$	3,127

Reconciliation of earnings per share and the weighted-average common shares outstanding for purposes of computing basic and diluted net income per share

The following is a reconciliation of net income per share and the weighted-average common shares outstanding for purposes of computing basic and diluted net income per share (in thousands, except per share amounts):

	Years ended June 30,
	2018		2017		2016
Numerator:
Net income	$	5,761	$	1,608	$	6,106
Denominator:
Basic weighted-average common shares outstanding	13,992		13,881		13,730
Effect of dilutive securities:
Stock awards and options	144		237		735
Warrants	—		—		66
Diluted weighted-average common shares outstanding	14,136		14,118		14,531
Net income per share, basic	$	0.41	$	0.12	$	0.44
Net income per share, diluted	$	0.41	$	0.11	$	0.42

Revenues from unaffiliated customers by geographic regions and significant geographic area

Revenues by geographic area are as follows (in thousands):

	Years ended June 30,
	2018		2017		2016
Americas	$	151,609	$	150,841	$	158,291
Asia/Pacific & Europe	51,595		48,648		48,249
Total revenues	$	203,204	$	199,489	$	206,540

Additional information as to the Company’s revenue from operations in the most significant geographical areas is set forth below (in thousands):

	Years ended June 30,
	2018		2017		2016
United States	$	142,452	$	144,842	$	152,830
Japan	$	41,843	$	39,390	$	36,343

Revenues by major product line

The following table shows revenues by major product line for the fiscal years ended June 30, 2018, 2017 and 2016.

	Years ended June 30,
	2018				2017				2016
Protandim® product line	$	133,923	65.9	%	$	130,873	65.6	%	$	128,019	62.0	%
TrueScience® product line	21,665		10.7	%	24,440		12.3	%	32,914		15.9	%
Other	47,616		23.4	%	44,176		22.1	%	45,607		22.1	%
Total	$	203,204	100.0	%	$	199,489	100.0	%	$	206,540	100.0	%