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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 50,670 [1] $ 50,329 [2] $ 152,770 [3] $ 155,038 [4]
Cost of goods sold 36,191 35,596 107,555 108,454
Gross margin $ 14,479 $ 14,733 $ 45,215 $ 46,584
% of Net sales 28.60% 29.30% 29.60% 30.00%
Selling, general and administrative expenses $ 15,326 $ 13,819 $ 45,689 $ 44,288
Restructuring charges 6 400
Operating income (loss) (853) 914 (874) 2,296
Other income (expense) (391) 285 (466) 377
Gain on sale of building 3,089
Income (loss) before income taxes (1,244) 1,199 1,749 2,673
Income tax expense (benefit) (458) 602 713 1,796
Net income (loss) $ (786) $ 597 $ 1,036 $ 877
Basic income (loss) per share (in dollars per share) $ (0.11) $ 0.09 $ 0.15 $ 0.13
Diluted income (loss) per share (in dollars per share) $ (0.11) $ 0.08 $ 0.15 $ 0.12
Weighted average outstanding shares used in per share calculations:        
Basic (in shares) 7,058 7,013 7,046 7,016
Diluted (in shares) 7,058 7,031 7,078 7,045
Dividends (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30
[1] Excludes $1,493 of North American segment sales to the International segment and $2,536 of International segment sales to the North American segment.
[2] Excludes $2,238 of North American segment sales to the International segment and $2,120 of International segment sales to the North American segment.
[3] Excludes $6,189 of North American segment sales to the International segment and $8,585 of International segment sales to the North American segment.
[4] Excludes $6,480 of North American segment sales to the International segment and $6,799 of International segment sales to the North American segment.