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Basis of Presentation (Tables) | 9 Months Ended
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Mar. 31, 2019
Basis of Presentation |
Schedule of computation of basic and diluted earnings (loss) 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 March 31, |  | Nine Months Ended March 31,
|  | 2018 |  | 2019 |  | 2018 |  | 2019
Net income (loss) available to common stockholders |  | $ | 2,553 |  | $ | 19,626 |  | $ | (34,241) |  | $ | 48,135
Weighted average shares outstanding—basic |  |  | 18,569 |  |  | 18,079 |  |  | 18,773 |  |  | 18,085
Dilutive effect of equity awards |  |  | 577 |  |  | 592 |  |  | — |  |  | 593
Weighted average shares outstanding—diluted |  |  | 19,146 |  |  | 18,671 |  |  | 18,773 |  |  | 18,678
Basic earnings (loss) per share |  | $ | 0.14 |  | $ | 1.09 |  | $ | (1.82) |  | $ | 2.66
Diluted earnings (loss) per share |  | $ | 0.13 |  | $ | 1.05 |  | $ | (1.82) |  | $ | 2.58
Weighted average shares excluded from diluted earnings (loss) per share due to their anti-dilutive effect (in thousands) |  |  | 288 |  |  | 44 |  |  | 753 |  |  | 46
Summary of fair values of financial assets and liabilities | The fair values of our financial assets and liabilities as of June 30, 2018 and March 31, 2019 are categorized as follows (in thousands):
|  | June 30, 2018 |  | March 31, 2019
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance company contracts |  | $ | — |  | $ | 31,897 |  | $ | — |  | $ | 31,897 |  | $ | — |  | $ | 34,647 |  | $ | — |  | $ | 34,647
Interest rate contract |  |  | — |  |  | 18 |  |  | — |  |  | 18 |  |  | — |  |  | 4 |  |  | — |  |  | 4
Total assets |  | $ | — |  | $ | 31,915 |  | $ | — |  | $ | 31,915 |  | $ | — |  | $ | 34,651 |  | $ | — |  | $ | 34,651
Liabilities—contingent consideration |  | $ | — |  | $ | — |  | $ | 15,713 |  | $ | 15,713 |  | $ | — |  | $ | — |  | $ | 16,869 |  | $ | 16,869
Schedule of impact to condensed consolidated statements of operations and balance sheet | Statement of Operations (in thousands)
|  | Three Months Ended March 31, 2019 |  | Nine Months Ended March 31, 2019
|  |  |  |  | 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 |  | $ | 304,284 |  | $ | 293,254 |  | $ | 11,030 |  | $ | 873,738 |  | $ | 843,815 |  | $ | 29,923
Cost of goods sold |  |  | 192,968 |  |  | 187,111 |  |  | 5,857 |  |  | 556,165 |  |  | 541,402 |  |  | 14,763
Operating expenses |  |  | 79,196 |  |  | 75,508 |  |  | 3,688 |  |  | 237,489 |  |  | 227,144 |  |  | 10,345
Income from operations |  |  | 32,120 |  |  | 30,635 |  |  | 1,485 |  |  | 80,084 |  |  | 75,269 |  |  | 4,815
Interest and other expense, net |  |  | (5,595) |  |  | (5,595) |  |  | — |  |  | (16,546) |  |  | (16,546) |  |  | —
Income tax provision |  |  | (6,899) |  |  | (6,625) |  |  | (274) |  |  | (15,403) |  |  | (14,593) |  |  | (810)
Net income |  | $ | 19,626 |  | $ | 18,415 |  | $ | 1,211 |  | $ | 48,135 |  | $ | 44,130 |  | $ | 4,005
Balance Sheet (in thousands)
|  | March 31, 2019
|  |  |  |  | Balances |  |  |
|  |  |  |  | without |  |  |
|  | Balances |  | Adoption of |  | Effect of
|  | as Reported |  | ASC 606 |  | Change
Assets |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 218,433 |  | $ | 202,266 |  | $ | 16,167
Inventories |  |  | 297,704 |  |  | 312,494 |  |  | (14,790)
Other assets |  |  | 767,978 |  |  | 768,789 |  |  | (811)
Liabilities |  |  |  |  |  |  |  |  |
Current liabilities |  |  | 425,500 |  |  | 428,939 |  |  | (3,439)
Other liabilities |  |  | 332,807 |  |  | 332,807 |  |  | —
Stockholders’ Equity |  |  |  |  |  |  |  |  |
Retained earnings |  |  | 382,880 |  |  | 378,875 |  |  | 4,005
Schedule of contract assets and contract liabilities | Contract Assets (in thousands)
|  | June 30, |  | March 31, |  |  |  |  |  |
|  | 2018 |  | 2019 |  | Change |  | % Change |
Unbilled revenue |  | $ | 13,087 |  | $ | 25,590 |  | $ | 12,503 |  | 96 | %
Contract Liabilities (in thousands)
|  | June 30, |  | March 31, |  |  |  |  |  |
|  | 2018 |  | 2019 |  | Change |  | % Change |
Advances from customers |  | $ | 55,761 |  | $ | 60,016 |  | $ | 4,225 |  | 8 | %
Deferred revenue—current |  |  | 28,899 |  |  | 34,710 |  |  | 5,811 |  | 20 | %
Deferred revenue—long-term |  |  | 9,562 |  |  | 8,864 |  |  | (698) |  | (7) | %

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