Note 24 - Quarterly Results Of Operations (Unaudited)

12 Months Ended

Jun. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 24: QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Year ended June 30, 2013
Net sales	$	196,958		$	204,333		$	195,562		$	215,597
Gross margin		50,120			47,319			43,358			48,350
Gross margin percentage of sales		25.4	%		23.2	%		22.2	%		22.4	%
Income from discontinued operations, net of tax		-			-			1,369			-
Net income		29,491			12,909			28,262			18,016
Earnings per share - basic
Income from continuing operations	$	0.75		$	0.33		$	0.68		$	0.46
Income from discontinued operations		-			-			0.04			-
Earnings per share - basic	$	0.75		$	0.33		$	0.72		$	0.46
Earnings per share - diluted
Income from continuing operations	$	0.74		$	0.33		$	0.68		$	0.45
Income from discontinued operations		-			-			0.03			-
Earnings (loss) per share - diluted	$	0.74		$	0.33		$	0.71		$	0.45
Year ended June 30, 2012
Net sales	$	231,462		$	221,414		$	217,065		$	224,940
Gross margin		56,266			54,994			53,162			53,063
Gross margin percentage of sales		24.3	%		24.8	%		24.5	%		23.6	%
Income (loss) from discontinued operations, net of tax		584			(26,406	)		(1,176	)		(1,889	)
Net income (loss)		41,107			(5,439	)		25,845			28,515
Earnings (loss) per share - basic
Income from continuing operations	$	1.03		$	0.53		$	0.68		$	0.77
Income (loss) from discontinued operations		0.01			(0.67	)		(0.03	)		(0.05	)
Earnings (loss) per share - basic	$	1.04		$	(0.14	)	$	0.65		$	0.72
Earnings (loss) per share - diluted
Income from continuing operations	$	1.02		$	0.52		$	0.67		$	0.76
Income (loss) from discontinued operations		0.01			(0.66	)		(0.03	)		(0.05	)
Earnings (loss) per share - diluted	$	1.03		$	(0.14	)	$	0.64		$	0.71

During the first quarter of 2013, we recorded a pre-tax charge of $963 ($626 after tax) related to restructuring costs and a pre-tax charge of $196 ($125 after tax) for interest payable to the IRS related to CBC. We also realized an after tax benefit of $5,651 related to CBC. During the second quarter of 2013, we recorded $7,796 for restructuring charges, $2,890 for long-lived asset impairments, and a pre-tax charge of $45 ($29 after tax) for interest payable to the IRS related to CBC. During the third quarter of 2013, we recorded a pre-tax gain of $7,597 ($7,509 after tax) related to the sale of assets, $855 for restructuring charges, $701 for long-lived asset impairments, and a pre-tax charge of $45 ($29 after tax) for interest payable to the IRS related to CBC. During the fourth quarter of 2013, we recorded a pre-tax charge of $5,527 ($3,581 after tax) for expenses related to the Georgia-Pacific merger, a pre-tax charge of $304 ($297 after tax) for restructuring charges, a pre-tax charge of $45 ($29 after tax) for interest payable to the IRS related to CBC, and an after tax charge of $1,064 related to CBC.

During the first quarter of 2012, we recorded a pre-tax charge of $2,673 ($1,706 after tax) for interest payable to the IRS related to CBC, and an after tax benefit of $12,887 related to CBC. During the second quarter of 2012, we recorded a pre-tax charge of $1,673 ($1,083 after tax) for long-lived asset impairments, a pre-tax charge of $2,425 ($2,425 after tax) for goodwill impairment, a pre-tax charge of $186 ($119 after tax) for interest payable to the IRS related to CBC, and an after tax charge of $3,467 related to CBC. During the third quarter of 2012, we recorded pre-tax charges of $234 ($152 after tax) for restructuring expense, a pre-tax charge of $93 ($60 after tax) for long-lived asset impairments, and a pre-tax charge of $646 ($412 after tax) for interest payable to the IRS related to CBC. During the fourth quarter of 2012, we recorded a pre-tax charge of $328 ($213 after tax) for long-lived asset impairments, a pre-tax benefit of $32 ($20 after tax) for interest payable to the IRS related to CBC, and an after tax charge of $1,870 related to CBC.