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, 2014
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 357,763 $ 310,575 $ 314,560
Cost of sales 106,352 79,465 78,756
Gross margin 251,411 231,110 235,804
Operating expenses:      
Selling, general and administrative 60,716 43,384 41,683
Research and development 30,945 29,257 27,912
Total operating expenses 91,661 72,641 69,595
Operating income 159,750 158,469 166,209
Other income (expense):      
Interest income 2,684 2,646 2,639
Impairment losses on investments 0 0 (3,254)
Other non-operating expense, net (1,042) (453) (3,399)
Total other income (expense) 1,642 2,193 (4,014)
Earnings before income taxes 161,392 160,662 162,195
Income taxes 50,444 48,101 49,864
Net earnings 110,948 112,561 112,331
Other comprehensive income (loss):      
Foreign currency translation adjustments 15,819 (3,538) (3,804)
Unrealized (losses) gains on available-for-sale investments, net of tax of ($17,110), ($2,129) and $23,422, respectively (35,760) (3,684) 41,870
Other comprehensive (loss) income (19,941) (7,222) 38,066
Comprehensive income $ 91,007 $ 105,339 $ 150,397
Earnings per share:      
Basic $ 3.01 $ 3.06 $ 3.04
Diluted $ 3.00 $ 3.05 $ 3.04
Cash dividends per common share: $ 1.23 $ 1.18 $ 1.11
Weighted average common shares outstanding:      
Basic 36,890 36,836 36,939
Diluted 37,005 36,900 37,006