XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Revenues:        
Product sales $ 12,036,000us-gaap_SalesRevenueGoodsNet $ 12,619,000us-gaap_SalesRevenueGoodsNet $ 35,211,000us-gaap_SalesRevenueGoodsNet $ 35,568,000us-gaap_SalesRevenueGoodsNet
Service revenue 5,079,000us-gaap_SalesRevenueServicesNet 5,180,000us-gaap_SalesRevenueServicesNet 15,066,000us-gaap_SalesRevenueServicesNet 15,044,000us-gaap_SalesRevenueServicesNet
Commission revenue 6,359,000us-gaap_FeesAndCommissionsOther 6,947,000us-gaap_FeesAndCommissionsOther 16,394,000us-gaap_FeesAndCommissionsOther 16,194,000us-gaap_FeesAndCommissionsOther
23,474,000us-gaap_SalesRevenueNet 24,746,000us-gaap_SalesRevenueNet 66,671,000us-gaap_SalesRevenueNet 66,806,000us-gaap_SalesRevenueNet
Cost of revenue:        
Cost of product sales 7,829,000us-gaap_CostOfGoodsSold 8,095,000us-gaap_CostOfGoodsSold 22,687,000us-gaap_CostOfGoodsSold 22,846,000us-gaap_CostOfGoodsSold
Cost of service revenue 3,490,000us-gaap_CostOfServices 3,408,000us-gaap_CostOfServices 10,456,000us-gaap_CostOfServices 10,234,000us-gaap_CostOfServices
11,319,000us-gaap_CostOfRevenue 11,503,000us-gaap_CostOfRevenue 33,143,000us-gaap_CostOfRevenue 33,080,000us-gaap_CostOfRevenue
Gross margin 12,155,000us-gaap_GrossProfit 13,243,000us-gaap_GrossProfit 33,528,000us-gaap_GrossProfit 33,726,000us-gaap_GrossProfit
Other operating expenses:        
Selling, general and administrative 8,140,000us-gaap_SellingGeneralAndAdministrativeExpense 8,591,000us-gaap_SellingGeneralAndAdministrativeExpense 26,813,000us-gaap_SellingGeneralAndAdministrativeExpense 25,063,000us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation and amortization 338,000us-gaap_DepreciationDepletionAndAmortization 448,000us-gaap_DepreciationDepletionAndAmortization 1,101,000us-gaap_DepreciationDepletionAndAmortization 1,319,000us-gaap_DepreciationDepletionAndAmortization
8,478,000us-gaap_OperatingExpenses 9,039,000us-gaap_OperatingExpenses 27,914,000us-gaap_OperatingExpenses 26,382,000us-gaap_OperatingExpenses
Operating income 3,677,000us-gaap_OperatingIncomeLoss 4,204,000us-gaap_OperatingIncomeLoss 5,614,000us-gaap_OperatingIncomeLoss 7,344,000us-gaap_OperatingIncomeLoss
Interest expense (189,000)us-gaap_InterestExpense (40,000)us-gaap_InterestExpense (319,000)us-gaap_InterestExpense (152,000)us-gaap_InterestExpense
Currency exchange losses (307,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (117,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (732,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (224,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Income from continuing operations before income taxes 3,181,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 4,047,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 4,563,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 6,968,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (1,324,000)us-gaap_IncomeTaxExpenseBenefit (1,291,000)us-gaap_IncomeTaxExpenseBenefit (1,338,000)us-gaap_IncomeTaxExpenseBenefit (1,934,000)us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 1,857,000us-gaap_IncomeLossFromContinuingOperations 2,756,000us-gaap_IncomeLossFromContinuingOperations 3,225,000us-gaap_IncomeLossFromContinuingOperations 5,034,000us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of tax    (528,000)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (684,000)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (1,520,000)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Loss on sale of discontinued operations, net of tax (51,000)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax   (1,485,000)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (374,000)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net income 1,806,000us-gaap_NetIncomeLoss 2,228,000us-gaap_NetIncomeLoss 1,056,000us-gaap_NetIncomeLoss 3,140,000us-gaap_NetIncomeLoss
Preferred stock dividends (22,000)us-gaap_PreferredStockDividendsIncomeStatementImpact (27,000)us-gaap_PreferredStockDividendsIncomeStatementImpact (74,000)us-gaap_PreferredStockDividendsIncomeStatementImpact (82,000)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income available to common stockholders $ 1,784,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 2,201,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 982,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 3,058,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings (loss) per common share attributable to common shareholders – basic:        
Income from continuing operations per common share (in dollars per share) $ 0.06us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.05us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.08us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.09us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations per common share (in dollars per share)   $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.05)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.04)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Earnings per common share attributable to common shareholders – basic (in dollars per share) $ 0.06us-gaap_EarningsPerShareBasic $ 0.04us-gaap_EarningsPerShareBasic $ 0.03us-gaap_EarningsPerShareBasic $ 0.05us-gaap_EarningsPerShareBasic
Earnings (loss) per common share attributable to common shareholders – diluted:        
Income from continuing operations per common share (in dollars per share) $ 0.06us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.05us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.07us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.09us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations per common share (in dollars per share)   $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.05)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.04)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Earnings per common share attributable to common shareholders – diluted (in dollars per share) $ 0.06us-gaap_EarningsPerShareDiluted $ 0.04us-gaap_EarningsPerShareDiluted $ 0.02us-gaap_EarningsPerShareDiluted $ 0.05us-gaap_EarningsPerShareDiluted
Shares used in computing income per common share:        
Weighted average shares used in computation - basic (in shares) 29,597,525us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 54,264,017us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 41,021,199us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 54,122,392us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares used in computation - diluted (in shares) 32,035,527us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 57,237,327us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 43,291,682us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 56,934,949us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding