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Condensed Consolidated Income Statements (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016
Income Statement [Abstract] |  |  |  |
Net sales | $ 1,032,212 | $ 904,792 | $ 1,956,771 | $ 1,837,357
Cost of goods sold | 919,241 | 806,258 | 1,737,883 | 1,647,289
Gross profit | 112,971 | 98,534 | 218,888 | 190,068
Selling, general and administrative expenses | 74,763 | 66,880 | 147,950 | 130,145
Depreciation expense | 3,467 | 2,423 | 6,707 | 4,492
Intangible amortization expense | 5,487 | 4,165 | 10,498 | 7,320
Change in fair value of contingent consideration | 6,913 | 1,791 | 23,794 | 1,961
Operating income | 22,341 | 23,275 | 29,939 | 46,150
Interest expense | 2,285 | 912 | 3,870 | 1,501
Interest income | (580) | (892) | (1,462) | (1,908)
Other (income) expense, net | 326 | (12,526) | 441 | (11,948)
Income before income taxes | 20,310 | 35,781 | 27,090 | 58,505
Provision for income taxes | 12,341 | 12,745 | 14,974 | 20,653
Net income | $ 7,969 | $ 23,036 | $ 12,116 | $ 37,852
Per share data: |  |  |  |
Net income per common share, basic (in dollars per share) | $ 0.31 | $ 0.92 | $ 0.48 | $ 1.49
Weighted-average shares outstanding, basic (in shares) | 25,506 | 25,146 | 25,470 | 25,334
Net income per common share, diluted (in dollars per share) | $ 0.31 | $ 0.91 | $ 0.47 | $ 1.48
Weighted-average shares outstanding, diluted (in shares) | 25,648 | 25,285 | 25,612 | 25,490

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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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