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Basis of Presentation (Tables) | 3 Months Ended
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Sep. 30, 2018
Basis of Presentation |
Schedule of computation of basic and diluted earnings per share | The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
|  | Three Months Ended September 30,
|  | 2017 |  | 2018
Net income available to common stockholders |  | $ | 10,157 |  | $ | 9,402
Weighted average shares outstanding—basic |  |  | 18,778 |  |  | 18,090
Dilutive effect of equity awards |  |  | 813 |  |  | 646
Weighted average shares outstanding—diluted |  |  | 19,591 |  |  | 18,736
Basic earnings per share |  | $ | 0.54 |  | $ | 0.52
Diluted earnings per share |  | $ | 0.52 |  | $ | 0.50
Summary of fair values of financial assets and liabilities | The fair values of the our financial assets and liabilities as of June 30, 2018 and September 30, 2018 are categorized as follows (in thousands):
|  | June 30, 2018 |  | September 30, 2018
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance company contracts |  | $ | — |  | $ | 31,897 |  | $ | — |  | $ | 31,897 |  | $ | — |  | $ | 33,497 |  | $ | — |  | $ | 33,497
Interest rate contract |  |  | — |  |  | 18 |  |  | — |  |  | 18 |  |  | — |  |  | 13 |  |  | — |  |  | 13
Total assets |  | $ | — |  | $ | 31,915 |  | $ | — |  | $ | 31,915 |  | $ | — |  | $ | 33,510 |  | $ | — |  | $ | 33,510
Liabilities—Contingent consideration |  | $ | — |  | $ | — |  | $ | 15,713 |  | $ | 15,713 |  | $ | — |  | $ | — |  | $ | 21,102 |  | $ | 21,102
Schedule of impact to condensed consolidated statements of operations and balance sheet | Statement of Operations (in thousands)
|  | Three Months Ended September 30, 2018
|  |  |  |  | Results without |  |  |
|  | Results |  | Adoption of |  | Effect of
|  | as Reported |  | ASC 606 |  | Change
Revenue |  | $ | 266,249 |  | $ | 262,893 |  | $ | 3,356
Cost of goods sold |  |  | 170,336 |  |  | 169,157 |  |  | 1,179
Operating expenses |  |  | 79,656 |  |  | 77,654 |  |  | 2,002
Operating income |  |  | 16,257 |  |  | 16,082 |  |  | 175
Interest and other expense, net |  |  | (5,332) |  |  | (5,332) |  |  | —
Income tax provision |  |  | (1,523) |  |  | (1,474) |  |  | 49
Net income |  | $ | 9,402 |  | $ | 9,276 |  | $ | 126
Balance Sheet (in thousands)
|  | September 30, 2018
|  |  |  |  | Balances without |  |  |
|  | Balances |  | Adoption of |  | Effect of
|  | as Reported |  | ASC 606 |  | Change
Assets |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 222,170 |  | $ | 220,886 |  | $ | 1,284
Inventories |  |  | 343,974 |  |  | 345,170 |  |  | (1,196)
Other assets |  |  | 761,784 |  |  | 761,784 |  |  | —
Liabilities |  |  |  |  |  |  |  |  |
Current liabilities |  |  | 510,997 |  |  | 511,034 |  |  | (37)
Other liabilities |  |  | 329,629 |  |  | 329,629 |  |  | —
Stockholders’ Equity |  |  |  |  |  |  |  |  |
Retained earnings |  |  | 344,147 |  |  | 344,021 |  |  | 126
Schedule of contract assets and contract liabilities | Contract Assets (in thousands)
|  | June 30, |  | September 30, |  |  |  |  |  |
|  | 2018 |  | 2018 |  | Change |  | % Change |
Unbilled revenue |  | $ | 13,087 |  | $ | 16,158 |  | $ | 3,071 |  | 23 | %
Contract Liabilities (in thousands)
|  | June 30, |  | September 30, |  |  |  |  |  |
|  | 2018 |  | 2018 |  | Change |  | % Change |
Advances from customers |  | $ | 55,761 |  | $ | 74,148 |  | $ | 18,387 |  | 33 | %
Deferred revenue–current |  |  | 28,899 |  |  | 30,352 |  |  | 1,453 |  | 5 | %
Deferred revenue–long-term |  |  | 9,562 |  |  | 8,011 |  |  | (1,551) |  | (16) | %

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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