XML 41 R26.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Note 18 - Quarterly Results of Operations (Unaudited) | 12 Months Ended
--- | ---
Jun. 30, 2018
Notes to Financial Statements |
Quarterly Financial Information [Text Block] | 18 . Quarterly Results of Operations (Unaudited) The unaudited quarterly results of operations for the years ended June 30, 2018 and 2017 are as follows (in thousands, except for per share data):
|  | 201 8 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
Net sales |  | $ | 214,379 |  |  | $ | 209,751 |  |  | $ | 216,743 |  |  | $ | 227,508 |
Gross profit |  |  | 74,181 |  |  |  | 71,526 |  |  |  | 73,772 |  |  |  | 82,320 |
Net income |  |  | 13,998 |  |  |  | (2,807 | ) |  |  | 12,800 |  |  |  | 12,610 |
EARNINGS PER SHARE (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.10 |  |  | $ | (0.22 | ) |  | $ | 1.01 |  |  | $ | 0.99 |
Diluted |  | $ | 1.10 |  |  | $ | (0.22 | ) |  | $ | 1.00 |  |  | $ | 0.99 |
|  | 201 7 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
Net sales |  | $ | 179,600 |  |  | $ | 173,854 |  |  | $ | 184,715 |  |  | $ | 217,089 |
Gross profit |  |  | 61,776 |  |  |  | 56,894 |  |  |  | 61,348 |  |  |  | 72,736 |
Net income |  |  | 14,344 |  |  |  | 10,442 |  |  |  | 7,660 |  |  |  | 14,131 |
EARNINGS PER SHARE (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.13 |  |  | $ | 0.82 |  |  | $ | 0.60 |  |  | $ | 1.12 |
Diluted |  | $ | 1.12 |  |  | $ | 0.82 |  |  | $ | 0.60 |  |  | $ | 1.11 |
| ( 1 ) | Basic and diluted earnings per share are computed independently for each reporting period. Accordingly, the sum of the quarterly earnings per share amounts may not agree to the year-to-date amounts.
During the fourth quarter of fiscal 2017, we adopted Accounting Standards Update (ASU) 2016 - 09 requiring the recognition of excess tax benefits as a component of income tax expense which were historically recognized in equity. As required, our Q1 - Q3 2017 results have been recast to allocate $0.6 million of the benefit to the applicable periods. In addition, the ASU requires a prospective update to the treasury method of calculating weighted average diluted shares outstanding resulting in the inclusion of additional shares in our diluted EPS calculation.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration