XML 18 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Net sales [1] $ 755,258 $ 751,586 $ 772,142
Cost of sales (502,504) (499,333) (524,656)
Gross profit 252,754 252,253 247,486
Selling, general and administrative 174,060 170,219 165,837
Restructuring costs 5,825 4,232 3,443
Acquisition related expenses 7,843
Other operating (income) expense, net [2] 7,458 (438)
Income from operations 65,026 70,344 78,644
Interest expense (4,043) (2,871) (3,161)
Other non-operating (income) expense, net (949) (1,052) (634)
Total 3,094 1,819 2,527
Total 61,932 68,525 76,117
Provision for income taxes (15,355) (16,295) (20,874)
Income from continuing operations 46,577 52,230 55,243
Income (loss) from discontinued operations, net of tax (32) (174) (500)
Net income $ 46,545 $ 52,056 $ 54,743
Basic earnings per share:      
Income (loss) from continuing operations (in dollars per share) $ 3.68 $ 4.12 $ 4.37
Income (loss) from discontinued operations (in dollars per share) (0.01) (0.04)
Total (in dollars per share) 3.68 4.11 4.33
Diluted earnings per share:      
Income (loss) from continuing operations (in dollars per share) 3.65 4.09 4.31
Income (loss) from discontinued operations (in dollars per share) (0.01) (0.04)
Total (in dollars per share) $ 3.65 $ 4.08 $ 4.27
[1] Net sales were identified based on geographic location where our products and services were initiated.
[2] Other operating expense in 2016 consists primarily of a $7.3 million charge to adjust the Roll, Plate, and Machinery business in the Engraving segment to its net realizable value. Amounts in 2015 are gains on insurance proceeds related to an event at an Engineering Technologies facility.