XML 48 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Quarterly Financial Data (Unaudited)
12 Months Ended
Jun. 30, 2020
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)
The following tables present quarterly consolidated statement of operations data for fiscal 2020 and 2019. The below data is unaudited but, in our opinion, reflects all adjustments necessary for a fair presentation of this data in accordance with GAAP. Selected quarterly data provided below has been revised, as compared to the selected quarterly financial data presented in the Company’s Quarterly Reports on Form 10-Q for the immaterial correction discussed within Note 20, "Immaterial Correction to Prior Period Financial Statements."
The following presents results of operations for the fourth quarter of fiscal 2020, and also presents the effect of recording the immaterial correction in the consolidated quarterly financial data for the first three quarters of fiscal 2020 and the four quarters of fiscal 2019:
 
Three Months Ended
 
June 30, 2020
 
(Dollars in Thousands, Except per Share Data)
Total revenue
$
201,940

Gross profit
186,782

Income from operations
116,296

Net income
94,530

Net income per common share:
 

Basic
$
1.40

Diluted
$
1.39

Weighted average shares outstanding:
 

Basic
67,634

Diluted
68,176


 
Three Months Ended March 31, 2020
 
As Previously Reported
 
Adjustments
 
As Adjusted
 
(Dollars in Thousands, Except per Share Data)
Total revenue
$
132,027

 
$
(1,439
)
 
$
130,588

Gross profit
116,322

 
(1,439
)
 
114,883

Income from operations
46,173

 
(1,439
)
 
44,734

Net income
43,521

 
(1,695
)
 
41,826

Net income per common share:
 

 
 

 
 

Basic
$
0.64

 
$
(0.02
)
 
$
0.62

Diluted
$
0.64

 
$
(0.03
)
 
$
0.61

Weighted average shares outstanding:
 

 
 

 
 

Basic
67,806

 

 
67,806

Diluted
68,482

 

 
68,482


 
Three Months Ended December 31, 2019
 
As Previously Reported
 
Adjustments
 
As Adjusted
 
(Dollars in Thousands, Except per Share Data)
Total revenue
$
124,732

 
$
1,280

 
$
126,012

Gross profit
109,206

 
1,280

 
110,486

Income from operations
41,659

 
1,280

 
42,939

Net income
38,275

 
1,526

 
39,801

Net income per common share:
 

 
 

 
 

Basic
$
0.56

 
$
0.02

 
$
0.58

Diluted
$
0.56

 
$
0.02

 
$
0.58

Weighted average shares outstanding:
 

 
 

 
 

Basic
68,114

 

 
68,114

Diluted
68,844

 

 
68,844


 
Three Months Ended September 30, 2019
 
As Previously Reported
 
Adjustments
 
As Adjusted
 
(Dollars in Thousands, Except per Share Data)
Total revenue
$
134,091

 
$
6,086

 
$
140,177

Gross profit
118,873

 
6,086

 
124,959

Income from operations
47,304

 
6,086

 
53,390

Net income
46,284

 
7,230

 
53,514

Net income per common share:
 

 
 

 
 

Basic
$
0.68

 
$
0.10

 
$
0.78

Diluted
$
0.67

 
$
0.10

 
$
0.77

Weighted average shares outstanding:
 

 
 

 
 

Basic
68,441

 

 
68,441

Diluted
69,317

 

 
69,317


 
Three Months Ended June 30, 2019
 
As Previously Reported
 
Adjustments
 
As Adjusted
 
(Dollars in Thousands, Except per Share Data)
Total revenue
$
195,769

 
$
1,388

 
$
197,157

Gross profit
180,279

 
1,388

 
181,667

Income from operations
111,223

 
1,388

 
112,611

Net income
103,865

 
2,129

 
105,994

Net income per common share:
 

 
 

 
 

Basic
$
1.51

 
$
0.03

 
$
1.54

Diluted
$
1.49

 
$
0.03

 
$
1.52

Weighted average shares outstanding:
 

 
 

 
 

Basic
68,839

 

 
68,839

Diluted
69,638

 

 
69,638


 
Three Months Ended March 31, 2019
 
As Previously Reported
 
Adjustments
 
As Adjusted
 
(Dollars in Thousands, Except per Share Data)
Total revenue
$
147,984

 
$
312

 
$
148,296

Gross profit
133,624

 
312

 
133,936

Income from operations
70,831

 
312

 
71,143

Net income
61,587

 
364

 
61,951

Net income per common share:
 

 
 

 
 

Basic
$
0.89

 
$

 
$
0.89

Diluted
$
0.88

 
$

 
$
0.88

Weighted average shares outstanding:
 

 
 

 
 

Basic
69,423

 

 
69,423

Diluted
70,160

 

 
70,160


 
Three Months Ended December 31, 2018
 
As Previously Reported
 
Adjustments
 
As Adjusted
 
(Dollars in Thousands, Except per Share Data)
Total revenue
$
140,423

 
$
(2,400
)
 
$
138,023

Gross profit
125,684

 
(2,400
)
 
123,284

Income from operations
63,758

 
(2,400
)
 
61,358

Net income
59,217

 
(2,763
)
 
56,454

Net income per common share:
 

 
 

 
 

Basic
$
0.84

 
$
(0.04
)
 
$
0.80

Diluted
$
0.83

 
$
(0.04
)
 
$
0.79

Weighted average shares outstanding:
 

 
 

 
 

Basic
70,428

 

 
70,428

Diluted
71,148

 

 
71,148


 
Three Months Ended September 30, 2018
 
As Previously Reported
 
Adjustments
 
As Adjusted
 
(Dollars in Thousands, Except per Share Data)
Total revenue
$
114,169

 
$
(963
)
 
$
113,206

Gross profit
100,942

 
(963
)
 
99,979

Income from operations
36,990

 
(963
)
 
36,027

Net income
38,066

 
(1,100
)
 
36,966

Net income per common share:
 

 
 

 
 

Basic
$
0.54

 
$
(0.02
)
 
$
0.52

Diluted
$
0.53

 
$
(0.02
)
 
$
0.51

Weighted average shares outstanding:
 

 
 

 
 

Basic
70,988

 

 
70,988

Diluted
72,015

 

 
72,015