XML 14 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Building [Member]        
(Gain) on sale of building     $ (343)
Net sales [1] $ 84,687 $ 84,715 $ 170,612 163,181
Cost of products and services sold 60,761 64,160 123,337 124,018
Gross profit $ 23,926 20,555 $ 47,275 39,163
Loss on sale of subsidiary (see Note 13)   565
Selling and administrative expenses $ 18,546 18,331 $ 36,132 34,183
Operating Income (Loss) 5,380 2,224 11,143 4,758
Interest (income) (17) (6) (25) (9)
Interest expense 9 12 17 23
Income before income taxes 5,388 2,218 11,151 4,744
Income tax expense 1,606 630 3,619 1,629
Net income $ 3,782 $ 1,588 $ 7,532 $ 3,115
Earnings per common share (see Note 4)        
Basic earnings per share (in dollars per share) $ 0.15 $ 0.06 $ 0.30 $ 0.13
Diluted earnings per share (in dollars per share) [2] $ 0.15 $ 0.06 $ 0.30 $ 0.13
Weighted average common shares outstanding        
Weighted average shares outstanding during the period, net of treasury shares (a) (in shares) 24,911 24,449 24,838 24,442
Diluted (in shares) [2],[3] 25,624 24,507 25,405 24,506
[1] Net sales are attributed to geographic areas based upon the location of the operation making the sale.
[2] Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.
[3] Options to purchase 1,115,250 common shares and 2,377,900 common shares at December 31, 2015 and 2014, respectively, and options to purchase 1,506,800 common shares and 2,371,900 common shares at December 31, 2015 and 2014, respectively, were not included in the computation of the three month and six month periods for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.