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SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS | 12 Months Ended
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Jun. 30, 2024
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS |
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS | SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS The following tables present unaudited quarterly financial information for the four quarters in the fiscal years ended June 30, 2023 and 2024 (in thousands, except per share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ | ​ | September 30, | ​ | December 31, | ​ | March 31, | ​ | June 30,
​ |  | 2022 |  | 2022 |  | 2023 |  | 2023
​ | ​ | (Unaudited)
Net revenues | ​ | $ | 268,071 | ​ | $ | 295,597 | ​ | $ | 302,889 | ​ | $ | 411,870
Costs of goods sold | ​ | ​ | 180,574 | ​ | ​ | 199,390 | ​ | ​ | 199,103 | ​ | ​ | 268,850
Gross profit | ​ | ​ | 87,497 | ​ | ​ | 96,207 | ​ | ​ | 103,786 | ​ | ​ | 143,020
Operating expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Selling, general and administrative | ​ | ​ | 53,438 | ​ | ​ | 54,003 | ​ | ​ | 53,707 | ​ | ​ | 67,165
Research and development | ​ | ​ | 14,540 | ​ | ​ | 14,456 | ​ | ​ | 14,852 | ​ | ​ | 15,504
Impairment, restructuring and other charges, net | ​ | ​ | 1,219 | ​ | ​ | 2,257 | ​ | ​ | 890 | ​ | ​ | 3,200
Total operating expenses | ​ | ​ | 69,197 | ​ | ​ | 70,716 | ​ | ​ | 69,449 | ​ | ​ | 85,869
Income from operations | ​ | ​ | 18,300 | ​ | ​ | 25,491 | ​ | ​ | 34,337 | ​ | ​ | 57,151
Interest and other expense, net | ​ | ​ | (3,432) | ​ | ​ | (5,180) | ​ | ​ | (5,727) | ​ | ​ | (5,702)
Other income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Income before income taxes | ​ | ​ | 14,868 | ​ | ​ | 20,311 | ​ | ​ | 28,610 | ​ | ​ | 51,449
Provision for income taxes | ​ | ​ | (3,633) | ​ | ​ | (3,957) | ​ | ​ | (6,802) | ​ | ​ | (9,068)
Net income | ​ | $ | 11,235 | ​ | $ | 16,354 | ​ | $ | 21,808 | ​ | $ | 42,381
Basic earnings per common share | ​ | $ | 0.66 | ​ | $ | 0.97 | ​ | $ | 1.30 | ​ | $ | 2.53
Diluted earnings per common share | ​ | $ | 0.65 | ​ | $ | 0.96 | ​ | $ | 1.27 | ​ | $ | 2.46
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ | ​ | September 30, | ​ | December 31, | ​ | March 31, | ​ | June 30,
​ |  | 2023 |  | 2023 |  | 2024 |  | 2024
​ | ​ | (Unaudited)
Net revenues | ​ | $ | 279,210 | ​ | $ | 373,235 | ​ | $ | 405,406 | ​ | $ | 480,907
Costs of goods sold | ​ |  | 180,465 | ​ | ​ | 231,934 | ​ | ​ | 269,311 | ​ | ​ | 326,590
Gross profit | ​ |  | 98,745 | ​ | ​ | 141,301 | ​ | ​ | 136,095 | ​ | ​ | 154,317
Operating expenses: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Selling, general and administrative | ​ |  | 59,798 | ​ | ​ | 71,604 | ​ | ​ | 66,584 | ​ | ​ | 71,745
Research and development | ​ |  | 15,922 | ​ | ​ | 16,350 | ​ | ​ | 17,144 | ​ | ​ | 15,859
Impairment, restructuring and other charges, net | ​ |  | 466 | ​ | ​ | 1,026 | ​ | ​ | 1,004 | ​ | ​ | 3,895
Total operating expenses | ​ |  | 76,186 | ​ | ​ | 88,980 | ​ | ​ | 84,732 | ​ | ​ | 91,499
Income from operations | ​ |  | 22,559 | ​ | ​ | 52,321 | ​ | ​ | 51,363 | ​ | ​ | 62,818
Interest and other expense, net | ​ |  | (5,748) | ​ | ​ | (6,534) | ​ | ​ | (7,407) | ​ | ​ | (8,158)
Income before income taxes | ​ |  | 16,811 | ​ | ​ | 45,787 | ​ | ​ | 43,956 | ​ | ​ | 54,660
Provision for income taxes | ​ |  | (3,932) | ​ | ​ | (9,234) | ​ | ​ | (9,913) | ​ | ​ | (9,981)
Net income | ​ | $ | 12,879 | ​ | $ | 36,553 | ​ | $ | 34,043 | ​ | $ | 44,679
Basic earnings per common share | ​ | $ | 0.77 | ​ | $ | 2.15 | ​ | $ | 2.00 | ​ | $ | 2.62
Diluted earnings per common share | ​ | $ | 0.75 | ​ | $ | 2.11 | ​ | $ | 1.95 | ​ | $ | 2.55
​

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