Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME        
Net sales $ 297,031 $ 272,598 $ 586,489 $ 549,533
Cost of sales 103,145 96,011 209,586 187,755
Gross margin 193,886 176,587 376,903 361,778
Operating expenses:        
Selling, general and administrative 121,451 115,667 240,612 220,998
Research and development 25,016 22,916 48,885 46,914
Total operating expenses 146,467 138,583 289,497 267,912
Operating income 47,419 38,004 87,406 93,866
Other income (expense) (4,543) (4,617) (4,359) (10,921)
Earnings before income taxes 42,876 33,387 83,047 82,945
Income taxes 7,986 5,922 14,557 4,486
Net earnings 34,890 27,465 68,490 78,459
Other comprehensive income (loss):        
Foreign currency translation income (loss) (25,518) 18,025 (4,262) 6,423
Unrealized gains (losses) on derivative instruments - cash flow hedges, net of tax amounts disclosed in Note 8 (45) (3,670) (3,072) (4,020)
Other comprehensive income (loss) (25,563) 14,355 (7,334) 2,403
Comprehensive income $ 9,327 $ 41,820 $ 61,156 $ 80,862
Earnings per share:        
Basic (in dollars per share) $ 0.22 $ 0.17 $ 0.43 $ 0.5
Diluted (in dollars per share) $ 0.22 $ 0.17 $ 0.42 $ 0.49
Weighted average common shares outstanding:        
Basic (in shares) 158,431 157,533 158,481 157,826
Diluted (in shares) 160,626 160,060 161,353 161,001