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Basis of Presentation (Tables) | 6 Months Ended
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Dec. 31, 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 (loss) per share (in thousands, except per share amounts):
|  | Three Months Ended December 31, |  | Six Months Ended December 31,
|  | 2017 |  | 2018 |  | 2017 |  | 2018
Net income (loss) available to common stockholders |  | $ | (46,951) |  | $ | 19,107 |  | $ | (36,794) |  | $ | 28,509
Weighted average shares outstanding—basic |  |  | 18,971 |  |  | 18,085 |  |  | 18,874 |  |  | 18,088
Dilutive effect of equity awards |  |  | — |  |  | 539 |  |  | — |  |  | 591
Weighted average shares outstanding—diluted |  |  | 18,971 |  |  | 18,624 |  |  | 18,874 |  |  | 18,679
Basic earnings (loss) per share |  | $ | (2.47) |  | $ | 1.06 |  | $ | (1.95) |  | $ | 1.58
Diluted earnings (loss) per share |  | $ | (2.47) |  | $ | 1.03 |  | $ | (1.95) |  | $ | 1.53
Weighted average shares excluded from diluted earnings (loss) per share due to their anti-dilutive effect (in thousands) |  |  | 684 |  |  | 126 |  |  | 753 |  |  | 81
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 December 31, 2018 are categorized as follows (in thousands):
|  | June 30, 2018 |  | December 31, 2018
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance company contracts |  | $ | — |  | $ | 31,897 |  | $ | — |  | $ | 31,897 |  | $ | — |  | $ | 30,622 |  | $ | — |  | $ | 30,622
Interest rate contract |  |  | — |  |  | 18 |  |  | — |  |  | 18 |  |  | — |  |  | 9 |  |  | — |  |  | 9
Total assets |  | $ | — |  | $ | 31,915 |  | $ | — |  | $ | 31,915 |  | $ | — |  | $ | 30,631 |  | $ | — |  | $ | 30,631
Liabilities—contingent consideration |  | $ | — |  | $ | — |  | $ | 15,713 |  | $ | 15,713 |  | $ | — |  | $ | — |  | $ | 19,997 |  | $ | 19,997
Schedule of impact to condensed consolidated statements of operations and balance sheet | Statement of Operations (in thousands)
|  | Three Months Ended December 31, 2018 |  | Six Months Ended December 31, 2018
|  |  |  |  | Results |  |  |  |  |  |  |  | Results |  |  |
|  |  |  |  | without |  |  |  |  |  |  |  | without |  |  |
|  | Results |  | Adoption of |  | Effect of |  | Results |  | Adoption of |  | Effect of
|  | as Reported |  | ASC 606 |  | Change |  | as Reported |  | ASC 606 |  | Change
Revenue |  | $ | 303,205 |  | $ | 288,376 |  | $ | 14,829 |  | $ | 569,454 |  | $ | 551,043 |  | $ | 18,411
Cost of goods sold |  |  | 192,861 |  |  | 185,133 |  |  | 7,728 |  |  | 363,197 |  |  | 354,290 |  |  | 8,907
Operating expenses |  |  | 78,637 |  |  | 74,690 |  |  | 3,947 |  |  | 158,293 |  |  | 152,118 |  |  | 6,175
Income from operations |  |  | 31,707 |  |  | 28,553 |  |  | 3,154 |  |  | 47,964 |  |  | 44,635 |  |  | 3,329
Interest and other expense, net |  |  | (5,620) |  |  | (5,620) |  |  | — |  |  | (10,952) |  |  | (10,952) |  |  | —
Income tax provision |  |  | (6,980) |  |  | (6,445) |  |  | (535) |  |  | (8,503) |  |  | (7,920) |  |  | (583)
Net income |  | $ | 19,107 |  | $ | 16,488 |  | $ | 2,619 |  | $ | 28,509 |  | $ | 25,763 |  | $ | 2,746
Balance Sheet (in thousands)
|  | December 31, 2018
|  |  |  |  | Balances |  |  |
|  |  |  |  | without |  |  |
|  | Balances |  | Adoption of |  | Effect of
|  | as Reported |  | ASC 606 |  | Change
Assets |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 226,086 |  | $ | 215,825 |  | $ | 10,261
Inventories |  |  | 315,200 |  |  | 324,134 |  |  | (8,934)
Other assets |  |  | 756,391 |  |  | 756,975 |  |  | (584)
Liabilities |  |  |  |  |  |  |  |  |
Current liabilities |  |  | 469,914 |  |  | 471,917 |  |  | (2,003)
Other liabilities |  |  | 331,567 |  |  | 331,567 |  |  | —
Stockholders’ Equity |  |  |  |  |  |  |  |  |
Retained earnings |  |  | 363,254 |  |  | 360,508 |  |  | 2,746
Schedule of contract assets and contract liabilities | Contract Assets (in thousands)
|  | June 30, |  | December 31, |  |  |  |  |  |
|  | 2018 |  | 2018 |  | Change |  | % Change |
Unbilled revenue |  | $ | 13,087 |  | $ | 19,997 |  | $ | 6,910 |  | 53 | %
Contract Liabilities (in thousands)
|  | June 30, |  | December 31, |  |  |  |  |  |
|  | 2018 |  | 2018 |  | Change |  | % Change |
Advances from customers |  | $ | 55,761 |  | $ | 69,410 |  | $ | 13,649 |  | 24 | %
Deferred revenue—current |  |  | 28,899 |  |  | 32,516 |  |  | 3,617 |  | 13 | %
Deferred revenue—long-term |  |  | 9,562 |  |  | 8,883 |  |  | (679) |  | (7) | %

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