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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 58,498 [1] $ 54,834 [2] $ 166,931 [3] $ 158,776 [4]
Cost of goods sold 39,470 36,762 112,950 108,235
Gross margin $ 19,028 $ 18,072 $ 53,981 $ 50,541
% of Net sales 32.50% 33.00% 32.30% 31.80%
Selling, general and administrative expenses $ 15,728 $ 15,859 $ 46,633 $ 47,435
Operating income 3,300 2,213 7,348 3,106
Other income (expense) (255) 124 (370) 968
Income before income taxes 3,045 2,337 6,978 4,074
Income tax expense 957 700 2,380 8,532
Net income (loss) $ 2,088 $ 1,637 $ 4,598 $ (4,458)
Basic income (loss) per share (in dollars per share) $ 0.30 $ 0.23 $ 0.66 $ (0.64)
Diluted income (loss) per share (in dollars per share) $ 0.30 $ 0.23 $ 0.65 $ (0.64)
Weighted average outstanding shares used in per share calculations:        
Basic (in shares) 6,892 7,018 6,978 7,012
Diluted (in shares) 6,959 7,036 7,041 7,012
Dividends (in dollars per share) $ 0.20
[1] Excludes $1,555 of North American segment intercompany sales to the International segment, and $3,922 of International segment intercompany sales to the North American segment.
[2] Excludes $1,527 of North American segment intercompany sales to the International segment, and $3,602 of International segment intercompany sales to the North American segment.
[3] Excludes $3,736 of North American segment intercompany sales to the International segment, and $10,985 of International segment intercompany sales to the North American segment.
[4] Excludes $4,804 of North American segment intercompany sales to the International segment, and $10,290 of International segment intercompany sales to the North American segment.