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Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Sep. 30, 2015 | Sep. 30, 2014
Net sales | [1] | $ 85,925 | $ 78,466
Cost of products and services sold |  | 62,576 | 59,858
Gross profit |  | 23,349 | 18,608
Loss on sale of subsidiary (see Note 13) |  |  | 565
Selling and administrative expenses |  | 17,586 | 15,852
Operating income |  | 5,763 | 2,534
Interest (income) |  | (8) | (3)
Interest expense |  | 8 | 11
Income before income taxes |  | 5,763 | 2,526
Income tax expense |  | 2,013 | 999
Net income |  | $ 3,750 | $ 1,527
Earnings per common share (see Note 4) |  |  |
Basic (in Dollars per share) |  | $ 0.15 | $ 0.06
Diluted (in Dollars per share) |  | $ 0.15 | $ 0.06
Weighted average common shares outstanding |  |  |
Basic (in Shares) |  | 24,764 | 24,436
Diluted (in Shares) | [2] | 25,194 | 24,508
Building [Member] |  |  |
Gain on sale of building |  |  | $ (343)
[1] | Net sales are attributed to geographic areas based upon the location of the operation making the sale.
[2] | Options to purchase 1,683,500 common shares and 2,168,025 common shares at September 30, 2015 and 2014, respectively, were not included in the computation of the three month period for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.

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