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Net Income Per Share (Schedule of Earnings Per Share, Basic And Diluted) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Net Income Per Share [Abstract]                      
Net income $ (5,009) [1] $ (1,273) [1] $ 44,809 [1] $ 2,184 [1] $ 3,625 $ 2,191 $ 42,371 $ 9,232 $ 40,711 $ 57,419 $ 40,989
Weighted average shares outstanding                 29,672 29,115 27,843
Net income per basic share $ (0.17) [2] $ (0.04) [2] $ 1.51 [2] $ 0.07 [2] $ 0.12 [3] $ 0.08 $ 1.46 $ 0.32 $ 1.37 $ 1.97 $ 1.47
Potential common shares - treasury method                 867 996 1,165
Weighted average shares and potential dilutive shares                 30,539 30,111 29,008
Net income per diluted share $ (0.17) [2] $ (0.04) [2] $ 1.47 [2] $ 0.07 [2] $ 0.12 [3] $ 0.07 $ 1.42 $ 0.31 $ 1.33 $ 1.91 $ 1.41
[1] For the quarter ended June 30, 2013, net income includes an out-of-period adjustments of $0.9 million to correct an error related to deferred taxes. Income tax expense increased and net income decreased by $0.9 million. The Company did not adjust the prior periods as it concluded that such adjustments were not material to the current or prior period consolidated financial statements.
[2] (1) For the year ended June 30, 2013, gross profit includes $13.8 million of inventory-related costs ($6.4 million of which did not require the use of cash in fiscal 2013) primarily for inventory purchased by the Company from New Wave Fragrances, LLC and Give Back Brands, LLC prior to the acquisition of licenses and certain other assets from those companies and other transition costs, and $22.6 million of non-recurring product changeover costs and product discontinuation charges related to the repositioning of the Elizabeth Arden brand. In addition, income from operations includes (i) $0.4 million in transition costs associated with the 2012 Acquisitions, (ii) $0.5 million of non-recurring product changeover expenses related to the repositioning of the Elizabeth Arden brand, and (iii) $1.5 million of expenses related to a third party provider of freight audit and payment services that entered into bankruptcy after receiving funds from the Company to pay Company freight invoices and breaching its obligation to remit those funds to the freight companies. For the year ended June 30, 2013, acquisition related costs and expenses, product changeover costs and expenses, product discontinuation charges and other non-recurring expenses reduced both basic and fully diluted earnings per share by $0.83 and $0.81, respectively. The breakout of acquisition related costs and expenses, product changeover costs and expenses, product discontinuation charges and other non-recurring expenses by fiscal quarter is as follows: Fiscal Quarter Ended (Amounts in millions) June 30, March 31, December 31, September 30, 2013 2013 2012 2012 Inventory-related costs- 2012 Acquisitions $ - $ 0.6 $ 1.9 $ 11.3 Product changeover costs and expenses, and product discontinuation charges related to Elizabeth Arden brand repositioning 12.9 2.8 3.9 3.5 Transition costs- 2012 Acquisitions - 0.1 - 0.3 Other non-recurring expenses 1.5 - - - Total $ 14.4 $ 3.5 $ 5.8 $ 15.1
[3] For the fourth quarter of the year ended June 30, 2012, gross profit includes (i) $4.5 million of inventory-related costs primarily for inventory purchased by the Company from New Wave Fragrances LLC and Give Back Brands, LLC prior to the asset acquisitions from those companies, and (ii) $0.4 million for product discontinuation charges. In addition, income from operations includes (i) $1.4 million in license termination costs, and (ii) $0.8 million in transaction costs associated with the 2012 Acquisitions. For the year ended June 30, 2012, inventory-related costs and transaction costs for the 2012 Acquisitions, as well as product discontinuation charges and license termination costs reduced both basic and fully diluted earnings per share $0.17 and $0.16, respectively.