Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings and Comprehensive Income

v2.4.0.8
Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 310,575 $ 314,560 $ 289,962
Cost of sales 79,465 78,756 65,025
Gross margin 231,110 235,804 224,937
Operating expenses:      
Selling, general and administrative 43,384 41,683 35,897
Research and development 29,257 27,912 25,985
Total operating expenses 72,641 69,595 61,882
Operating income 158,469 166,209 163,055
Other income (expense):      
Interest income 2,646 2,639 3,752
Impairment losses on investments 0 (3,254) 0
Other non-operating expense, net (453) (3,399) (1,826)
Total other income (expense) 2,193 (4,014) 1,926
Earnings before income taxes 160,662 162,195 164,981
Income taxes 48,101 49,864 52,679
Net earnings 112,561 112,331 112,302
Other comprehensive income (loss):      
Foreign currency translation adjustments (3,538) (3,804) 5,028
Unrealized (losses) gains on available-for-sale investments, net of tax of ($2,129), $23,422 and ($44), respectively (3,684) 41,870 (85)
Other comprehensive income (loss) (7,222) 38,066 4,943
Comprehensive income $ 105,339 $ 150,397 $ 117,245
Earnings per share:      
Basic $ 3.06 $ 3.04 $ 3.03
Diluted $ 3.05 $ 3.04 $ 3.02
Cash dividends per common share: $ 1.18 $ 1.11 $ 1.07
Weighted average common shares outstanding:      
Basic 36,836 36,939 37,098
Diluted 36,900 37,006 37,172