XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share data) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Net sales $ 217,065 $ 237,782 $ 684,229 $ 649,373
Cost of goods sold 164,246 180,318 520,123 511,170
Gross margin 52,819 57,464 164,106 138,203
Selling, research and administrative expenses 10,760 13,102 34,447 36,609
Amortization of intangibles and other 515 488 1,511 1,453
Asset impairment loss 92   50,803  
Goodwill impairment loss     2,425  
Restructuring costs 1,137 (125) 1,137 997
Other operating income (32) (17) (32) (63)
Operating income 40,347 44,016 73,815 99,207
Net interest expense and amortization of debt costs (1,101) (1,642) (5,310) (6,956)
Loss on early extinguishment of debt       (3,649)
Gain (loss) on foreign exchange and other (349) (892) 134 (1,705)
Income before income taxes 38,897 41,482 68,639 86,897
Income tax expense (benefit) 13,052 12,789 7,126 (23,274)
Net income $ 25,845 $ 28,693 $ 61,513 $ 110,171
Earnings per share        
Basic (in Dollars per share) $ 0.65 $ 0.71 $ 1.54 $ 2.74
Diluted (in Dollars per share) $ 0.64 $ 0.70 $ 1.52 $ 2.71
Cash dividends per share (in Dollars per share) $ 0.07 $ 0.05 $ 0.19 $ 0.13