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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jun. 30, 2018
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited) The following tables set forth certain unaudited quarterly information for each of the eight fiscal quarters in the two year period ended June 30, 2018. This quarterly information has been prepared on a consistent basis with the audited consolidated financial statements and, in the opinion of management, includes all adjustments which management believes are necessary for a fair presentation of the information for the periods presented. All prior period amounts have been retrospectively adjusted to reflect the impact of the certain changes in accounting principles and corrections to previously issued financial statements as described in Note 3. The Company's quarterly operating results may fluctuate significantly as a result of a variety of factors, and operating results for any fiscal quarter are not necessarily indicative of results for a full fiscal year or future fiscal quarters.
|  | September 30, 2017 |  | December 31, 2017 |  | March 31, 2018 |  |
|  | As Previously Reported |  | Retrospectively Adjusted |  | As Previously Reported |  | Retrospectively Adjusted |  | As Previously Reported |  | Retrospectively Adjusted |  | June 30, 2018
(In thousands, except per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 131,713 |  |  | $ | 131,713 |  |  | $ | 167,366 |  |  | $ | 167,366 |  |  | $ | 157,927 |  |  | $ | 157,927 |  |  | $ | 149,538 |
Cost of goods sold |  | $ | 82,706 |  |  | $ | 85,672 |  |  | $ | 101,847 |  |  | $ | 111,175 |  |  | $ | 99,117 |  |  | $ | 105,716 |  |  | $ | 96,939 |
Gross profit |  | $ | 49,007 |  |  | $ | 46,041 |  |  | $ | 65,519 |  |  | $ | 56,191 |  |  | $ | 58,810 |  |  | $ | 52,211 |  |  | $ | 52,599 |
Selling expenses |  | $ | 38,915 |  |  | $ | 32,828 |  |  | $ | 49,328 |  |  | $ | 42,414 |  |  | $ | 44,736 |  |  | $ | 38,041 |  |  | $ | 41,256 |
(Loss) income from operations |  | $ | (1,258 | ) |  | $ | 1,862 |  |  | $ | 2,442 |  |  | $ | 28 |  |  | $ | (2,864 | ) |  | $ | (2,767 | ) |  | $ | 2,001 |
Net (loss) income |  | $ | (978 | ) |  | $ | 840 |  |  | $ | (18,768 | ) |  | $ | (17,060 | ) |  | $ | (3,908 | ) |  | $ | (2,193 | ) |  | $ | 133 |
Net (loss) income available to common stockholders per common share—basic |  | $ | (0.06 | ) |  | $ | 0.05 |  |  | $ | (1.13 | ) |  | $ | (1.03 | ) |  | $ | (0.24 | ) |  | $ | (0.14 | ) |  | $ | — |
Net (loss) income available to common stockholders per common share—diluted |  | $ | (0.06 | ) |  | $ | 0.05 |  |  | $ | (1.13 | ) |  | $ | (1.03 | ) |  | $ | (0.24 | ) |  | $ | (0.14 | ) |  | $ | — |
|  | September 30, 2016 |  | December 31, 2016 |  | March 31, 2017 |  | June 30, 2017
|  | As Previously Reported |  | Retrospectively Adjusted |  | As Previously Reported |  | Retrospectively Adjusted |  | As Previously Reported |  | Retrospectively Adjusted |  | As Previously Reported |  | Retrospectively Adjusted
(In thousands, except per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 130,488 |  |  | $ | 130,488 |  |  | $ | 139,025 |  |  | $ | 139,025 |  |  | $ | 138,187 |  |  | $ | 138,187 |  |  | $ | 133,800 |  |  | $ | 133,800 |
Cost of goods sold |  | $ | 79,290 |  |  | $ | 85,761 |  |  | $ | 83,929 |  |  | $ | 89,531 |  |  | $ | 84,367 |  |  | $ | 88,305 |  |  | $ | 80,182 |  |  | $ | 91,025 |
Gross profit |  | $ | 51,198 |  |  | $ | 44,727 |  |  | $ | 55,096 |  |  | $ | 49,494 |  |  | $ | 53,820 |  |  | $ | 49,882 |  |  | $ | 53,618 |  |  | $ | 42,775 |
Selling expenses |  | $ | 38,438 |  |  | $ | 33,303 |  |  | $ | 39,097 |  |  | $ | 32,408 |  |  | $ | 40,377 |  |  | $ | 34,388 |  |  | $ | 39,286 |  |  | $ | 33,230 |
Income from operations |  | $ | 2,505 |  |  | $ | 1,168 |  |  | $ | 35,910 |  |  | $ | 36,997 |  |  | $ | 2,058 |  |  | $ | 4,109 |  |  | $ | 1,693 |  |  | $ | (3,096 | )
Net income (loss) |  | $ | 1,618 |  |  | $ | 814 |  |  | $ | 20,076 |  |  | $ | 20,728 |  |  | $ | 1,594 |  |  | $ | 2,846 |  |  | $ | 1,112 |  |  | $ | (1,837 | )
Net income (loss) available to common stockholders per common share—basic |  | $ | 0.10 |  |  | $ | 0.05 |  |  | $ | 1.21 |  |  | $ | 1.25 |  |  | $ | 0.10 |  |  | $ | 0.17 |  |  | $ | 0.07 |  |  | $ | (0.11 | )
Net income (loss) available to common stockholders per common share—diluted |  | $ | 0.10 |  |  | $ | 0.05 |  |  | $ | 1.20 |  |  | $ | 1.24 |  |  | $ | 0.10 |  |  | $ | 0.17 |  |  | $ | 0.07 |  |  | $ | (0.11 | )
In the second quarter of fiscal 2017, the Company completed the sale of the Torrance Facility, and recognized a net gain from sale in the amount of $37.4 million, including non-cash interest expense of $0.7 million and non-cash rent expense of $1.4 million. See Note 7.

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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