Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 144,613 $ 130,581
Cost of sales 46,745 43,236
Gross margin 97,868 87,345
Operating expenses:    
Selling, general and administrative 58,289 45,424
Research and development 13,548 12,765
Total operating expenses 71,837 58,189
Operating income 26,031 29,156
Other (expense) income (3,064) (1,371)
Earnings before income taxes 22,967 27,785
Income taxes 7,104 8,942
Net earnings 15,863 18,843
Other comprehensive (loss) income:    
Foreign currency translation adjustments 6,968 (3,234)
Unrealized gains and losses on available-for-sale investments, net of tax of $4,576 and $(171), respectively 7,792 (9,714)
Other comprehensive (loss) income (824) 6,480
Comprehensive income $ 15,039 $ 25,323
Earnings per share:    
Basic (in dollars per share) $ 0.42 $ 0.51
Diluted (in dollars per share) 0.42 0.50
Cash dividends per common share: (in dollars per share) $ 0.32 $ 0.32
Weighted average common shares outstanding:    
Basic (in shares) 37,376 37,281
Diluted (in shares) 37,705 37,473