XML 14 R3.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]        
Net sales $ 1,628,082 $ 1,464,193 $ 5,031,127 $ 4,476,664
Cost of sales 1,135,215 1,046,063 3,505,770 3,150,736
Gross profit 492,867 418,130 1,525,357 1,325,928
Selling, general and administrative expenses 357,514 326,623 1,099,384 969,881
Operating income 135,353 91,507 425,973 356,047
Other expenses:        
Interest expense, net 8,633 3,001 24,558 7,861
Foreign exchange losses (gains), net 3,570 (3,406) 2,612 (4,366)
Miscellaneous, net 2,912 2,294 11,262 6,932
Income before income taxes 120,238 89,618 387,541 345,620
Income tax expense, net 31,419 19,346 98,019 76,250
Equity in loss of unconsolidated subsidiaries   23   23
Net income 88,819 70,249 289,522 269,347
Net (loss) income attributable to noncontrolling interest (5) (46) 702 (156)
Net income attributable to Harman International Industries, Incorporated $ 88,824 $ 70,295 $ 288,820 $ 269,503
Earnings per share:        
Basic $ 1.23 $ 1.00 $ 4.01 $ 3.87
Diluted $ 1.22 $ 0.99 $ 3.98 $ 3.83
Weighted average shares outstanding:        
Basic 72,020 69,946 72,046 69,557
Diluted 72,642 70,795 72,524 70,322