Unaudited Quarterly Financial Data

12 Months Ended

Jun. 30, 2017

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Financial Data

(20) Unaudited Quarterly Financial Data

The following is a summary of the unaudited quarterly results of operations for the years ended June 30, 2017 and 2016.

	For the quarter ended
Fiscal year ended June 30, 2017	September 30, 2016 (1)		December 31, 2016(2)			March 31, 2017(2)(3)		June 30, 2017 (2)(4)
Net sales	$	128,018	$	125,552		$	190,128	$	194,620
Gross profit		30,839		30,805			42,319		36,829
Net income (loss)		4,385		(564	)		5,588		1,967
Net income (loss) per diluted share	$	0.15	$	(0.02	)	$	0.16	$	0.06

	For the quarter ended
Fiscal year ended June 30, 2016	September 30, 2015		December 31, 2015		March 31, 2016(5)		June 30, 2016(6)
Net sales	$	133,500	$	131,674	$	157,926	$	135,424
Gross profit		34,581		35,868		38,289		34,047
Net income		9,298		8,270		10,424		6,774
Net income per diluted share	$	0.32	$	0.28	$	0.35	$	0.23

The net income per common share calculation for each of the quarters is based on the weighted average number of shares outstanding in each period. Therefore, the sum of the quarters in a year does not necessarily equal the year’s net income per common share.

(1) Includes pretax item of $170 environmental remediation charge in connection with Arsynco.

(2) Results for the last nine days of the quarter ended December 31, 2016 and for the subsequent two quarters reflect the acquisition of certain generic products and related assets from Citron and Lucid on December 21, 2016.

(3) Includes pretax item of $733 environmental remediation charge in connection with Arsynco.

(4) Includes pretax item of $3,139 representing immaterial correction of an error associated with certain accrued expenses.

(5) Includes pretax items consisting of $833 reversal of contingent consideration related to the PACK acquisition and $241 reversal of contingent consideration related to the acquisition of a company in France.

(6) Includes pretax item of $1,313 environmental remediation charge in connection with Arsynco.