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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Net sales $ 92,305 $ 85,658 $ 179,771 $ 169,817
Cost of products and services sold 66,998 63,611 130,761 126,432
Restructuring costs 640 1,143
Gross profit 25,307 21,407 49,010 42,242
Restructuring costs 57 210
Impairment of goodwill 28,000
Selling and administrative expenses 20,760 18,532 41,277 38,148
Operating income (loss) 4,547 2,818 (20,267) 3,884
Interest (income) (8) (28) (16) (55)
Interest expense 425 8 836 21
Income (loss) before income taxes 4,130 2,838 (21,087) 3,918
Income tax expense (benefit) 5,598 832 (3,990) 1,083
Net (loss) income $ (1,468) $ 2,006 $ (17,097) $ 2,835
(Loss) Earnings per common share (see Note 4)        
Basic (in dollars per share) $ (0.06) $ 0.08 $ (0.66) $ 0.11
Diluted (in dollars per share) $ (0.06) $ 0.08 $ (0.66) $ 0.11
Weighted average common shares outstanding        
Basic (in shares) 25,858 25,314 25,824 25,294
Diluted (in shares) [1] 25,858 25,803 25,824 25,859
[1] Options to purchase 3,569,762 common shares and 1,682,270 common shares for the three months ended December 31, 2017 and 2016, respectively, and options to purchase 3,549,705 common shares and 1,626,770 common shares for the six months ended December 31, 2017 and 2016, respectively were not included in the computation of the three month and six month period for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares. For the three and six months ended December 31, 2017, the effect of dilutive securities was not included in the calculation of diluted earnings (loss) per share because there was a net operating loss for the period.