XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 172,794 $ 174,386 $ 521,566 $ 513,652
Cost of sales 99,571 99,036 303,012 267,503
Amortization of intangibles 7,906 8,293 24,286 23,971
Gross profit 65,317 67,057 194,268 222,178
Operating expenses:        
Research and development expenses 9,838 2,730 29,371 20,861
Selling, general and administrative expenses 21,649 14,112 65,434 61,643
Acquisition and integration-related expenses       83
Restructuring expenses 452 1,421 1,687 2,983
Loss on sale of intangible asset   15,514   15,514
Asset impairment charges     369,499  
Total operating expenses 31,939 33,777 465,991 101,084
Operating income (loss) 33,378 33,280 (271,723) 121,094
Other income (loss):        
Investment income 925 719 1,860 4,208
Interest expense (21,485) (22,842) (64,430) (64,440)
Loss on extinguishment of debt (413)   (413)  
Other (401) (662) (1,409) 2,473
Total other loss (21,374) (22,785) (64,392) (57,759)
Income (loss) before income tax 12,004 10,495 (336,115) 63,335
Income tax expense (benefit) 1,359 (2,275) (71,594) 23,286
Net income (loss) $ 10,645 $ 12,770 $ (264,521) $ 40,049
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.28 $ 0.34 $ (7.01) $ 1.08
Diluted (in dollars per share) $ 0.27 $ 0.33 $ (7.01) $ 1.05
Weighted average common shares outstanding:        
Basic (in shares) 37,842,224 37,136,945 37,729,099 37,064,781
Diluted (in shares) 39,330,847 38,287,005 37,729,099 38,112,193