Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited)

v3.6.0.2
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Net sales $ 131,807 $ 120,907 $ 262,388 $ 233,288
Cost of sales 46,725 39,320 92,837 76,310
Gross margin 85,082 81,587 169,551 156,978
Operating expenses:        
Selling, general and administrative 55,655 34,585 101,918 67,625
Research and development 13,281 10,977 26,046 22,299
Total operating expenses 68,936 45,562 127,964 89,924
Operating income 16,146 36,025 41,587 67,054
Other income (expense) (2,607) (651) (3,921) 167
Earnings before income taxes 13,539 35,374 37,666 67,221
Income taxes 7,226 9,523 15,071 18,662
Net earnings 6,313 25,851 22,595 48,559
Other comprehensive (loss) income:        
Foreign currency translation adjustments (10,066) (7,514) (13,301) (20,410)
Unrealized gain (loss) on available-for-sale investments, net of tax of $(1,889), $(3,466), $(2,060), and $306, respectively 6,778 9,602 16,486 (523)
Other comprehensive (loss) income (3,288) 2,088 3,185 (20,933)
Comprehensive income (loss) $ 3,025 $ 27,939 $ 25,780 $ 27,626
Earnings per share:        
Basic (in dollars per share) $ 0.17 $ 0.70 $ 0.61 $ 1.31
Diluted (in dollars per share) 0.17 0.69 0.60 1.30
Cash dividends per common share: (in dollars per share) $ 0.32 $ 0.32 $ 0.64 $ 0.64
Weighted average common shares outstanding:        
Basic (in shares) 37,308 37,189 37,294 37,179
Diluted (in shares) 37,478 37,301 37,475 37,309