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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 89,541 $ 92,305 $ 174,498 $ 179,771
Cost of products and services sold 69,486 66,998 133,027 130,761
Restructuring costs 376 531
Severance costs 23 23
Gross profit 19,656 25,307 40,917 49,010
Selling and administrative expenses 19,148 20,677 37,475 41,194
Impairment of goodwill 20,165 20,165 28,000
Transition and realignment costs 120 120
Severance costs 469 83 469 83
Restructuring costs 25 25
Operating (loss) income (20,271) 4,547 (17,337) (20,267)
Interest (income) (17) (8) (31) (16)
Interest expense 632 425 1,164 836
(Loss) income before income taxes (20,886) 4,130 (18,470) (21,087)
Income tax (benefit) expense (5,104) 5,598 (4,437) (3,990)
Net loss $ (15,782) $ (1,468) $ (14,033) $ (17,097)
Loss per common share (see Note 4)        
Basic (in dollars per share) $ (0.61) $ (0.06) $ (0.54) $ (0.66)
Diluted (in dollars per share) $ (0.61) $ (0.06) $ (0.54) $ (0.66)
Weighted average common shares outstanding        
Basic (in shares) 26,083 25,858 26,058 25,824
Diluted (in shares) [1] 26,083 25,858 26,058 25,824
[1] Options to purchase 3,536,732 common shares and 3,569,762 common shares for the three months ended December 31, 2018 and 2017, respectively, were not included in the computation of the three month diluted loss per share because the exercise price was greater than the average fair market value of the common shares. Additionally, options to purchase 3,356,101 common shares and 3,549,705 common shares for the six months ended at December 31, 2018 and 2017, respectively, were not included in the computation of the six month diluted loss per share because the exercise price was greater than the average fair market value of the common shares. For the three months ended and the six months ended in December 31, 2018 and December 31, 2017, the effect of dilutive securities was not included in the calculation of diluted loss per share because there was a net loss for the period.