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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS    
Net sales $ 127,342 $ 155,054
Cost of sales 77,656 87,690
Amortization of intangibles 7,028 8,223
Gross profit 42,658 59,141
Operating expenses:    
Research and development expenses 8,940 9,810
Selling, general and administrative expenses 21,308 20,588
Restructuring expenses 1,388 1,022
Asset impairment charges 1,618 369,499
Total operating expenses 33,254 400,919
Operating income (loss) 9,404 (341,778)
Other income (loss):    
Loss on extinguishment of debt (2,145)  
Investment income 729 379
Interest expense (19,292) (21,433)
Other 934 (296)
Total other loss (19,774) (21,350)
Loss before income tax (10,370) (363,128)
Income tax expense (benefit) 1,787 (75,600)
Net loss $ (12,157) $ (287,528)
Loss per common share:    
Basic (in dollars per share) $ (0.32) $ (7.65)
Diluted (in dollars per share) [1] $ (0.32) $ (7.65)
Weighted average common shares outstanding:    
Basic (in shares) 38,309,267 37,586,327
Diluted (in shares) [1] 38,309,267 37,586,327
[1] See Note 14 “Loss Per Common Share” for details on calculation.