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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 48,913,000 [1] $ 51,038,000
Cost of goods sold 34,999,000 35,186,000
Gross margin $ 13,914,000 $ 15,852,000
% of Net sales 28.40% 31.10%
Selling, general and administrative expenses $ 15,421,000 $ 15,673,000
Restructuring charges 343,000
Operating income (loss) (1,850,000) 179,000
Other income 237,000 303,000
Gain on sale of building 3,089,000
Income before income taxes 1,476,000 482,000
Income tax expense 717,000 660,000
Net income (loss) $ 759,000 $ (178,000)
Basic and diluted income (loss) per share (in dollars per share) $ 0.11 $ (0.03)
Weighted average outstanding shares used in per share calculations:    
Basic (in shares) 7,028 7,014
Diluted (in shares) 7,059 7,014
Dividends per share declared (in dollars per share) $ 0.10 $ 0.10
[1] Excludes $2,357 of North American segment sales to the International segment and $3,082 of International segment sales to the North American segment.