Supplementary Quarterly Financial Information

12 Months Ended

Jun. 30, 2019

Supplementary Quarterly Financial Information [Abstract]

Supplementary Quarterly Financial Information

14.  SUPPLEMENTARY QUARTERLY FINANCIAL INFORMATION – UNAUDITED

(in thousands, except per share amounts)	FOR THE QUARTER ENDED
	September 30		December 31		March 31		June 30
Fiscal 2019:
Net sales	$	113,487	$	118,352	$	111,542	$	100,207
Gross margin		21,791		21,474		21,328		5,347
ERP impairment		-		-		(18,668)		(2,605)
Restructuring expense		-		-		-		(10,048)
Litigation settlement reimbursements (costs)		-		-		-		(475)
Net income (loss)		1,296		1,566		(15,552)		(19,916)
Earnings per share:
Basic	$	0.16	$	0.20	$	(1.97)	$	(2.52)
Diluted	$	0.16	$	0.20	$	(1.97)	$	(2.52)

	FOR THE QUARTER ENDED
	September 30		December 31		March 31		June 30
Fiscal 2018:
Net sales (1)	$	119,834	$	129,392	$	126,861	$	113,093
Gross margin		26,140		27,402		27,632		17,044
Environmental remediation		-		-		(3,600)		-
Gain on sale of facility		1,835		-		-		-
Net income		6,180		6,221		3,079		2,186
Earnings per share:
Basic	$	0.79	$	0.79	$	0.39	$	0.28
Diluted	$	0.78	$	0.78	$	0.39	$	0.28

(1) During the quarter ended June 30, 2018, the Company recorded a $4.4 million fiscal year-to-date correction of an immaterial error related to variable consideration provided to customers. The correction decreased net sales and SG&A expenses.