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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 50,329 $ 56,116 $ 155,038 $ 180,109
Cost of goods sold 35,596 37,422 108,454 120,108
Gross margin $ 14,733 $ 18,694 $ 46,584 $ 60,001
% of Net sales 29.30% 33.30% 30.00% 33.30%
Selling, general and administrative expenses $ 13,819 $ 15,574 $ 44,288 $ 52,112
Operating income 914 3,120 2,296 7,889
Other income 285 388 377 1,683
Income before income taxes 1,199 3,508 2,673 9,572
Income tax expense 602 1,071 1,796 3,765
Net income $ 597 $ 2,437 $ 877 $ 5,807
Basic income per share (in dollars per share) $ 0.09 $ 0.35 $ 0.13 $ 0.83
Diluted income per share (in dollars per share) $ 0.08 $ 0.35 $ 0.12 $ 0.83
Weighted average outstanding shares used in per share calculations:        
Basic (in shares) 7,013 6,992 7,016 6,977
Diluted (in shares) 7,031 7,045 7,045 7,024
Dividends per share declared (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30