Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Net sales $ 114,158,000us-gaap_SalesRevenueNet $ 95,555,000us-gaap_SalesRevenueNet $ 334,583,000us-gaap_SalesRevenueNet $ 265,240,000us-gaap_SalesRevenueNet
Cost of sales 34,778,000us-gaap_CostOfGoodsAndServicesSold 27,444,000us-gaap_CostOfGoodsAndServicesSold 106,394,000us-gaap_CostOfGoodsAndServicesSold 77,422,000us-gaap_CostOfGoodsAndServicesSold
Gross margin 79,380,000us-gaap_GrossProfit 68,111,000us-gaap_GrossProfit 228,189,000us-gaap_GrossProfit 187,818,000us-gaap_GrossProfit
Operating expenses:        
Selling, general and administrative 29,089,000us-gaap_SellingGeneralAndAdministrativeExpense 14,666,000us-gaap_SellingGeneralAndAdministrativeExpense 88,927,000us-gaap_SellingGeneralAndAdministrativeExpense 43,613,000us-gaap_SellingGeneralAndAdministrativeExpense
Research and development 10,865,000us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost 7,676,000us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost 30,040,000us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost 23,301,000us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
Total operating expenses 39,954,000us-gaap_OperatingExpenses 22,342,000us-gaap_OperatingExpenses 118,967,000us-gaap_OperatingExpenses 66,914,000us-gaap_OperatingExpenses
Operating income 39,426,000us-gaap_OperatingIncomeLoss 45,769,000us-gaap_OperatingIncomeLoss 109,222,000us-gaap_OperatingIncomeLoss 120,904,000us-gaap_OperatingIncomeLoss
Other income, net (667,000)us-gaap_NonoperatingIncomeExpense 300,000us-gaap_NonoperatingIncomeExpense 6,698,000us-gaap_NonoperatingIncomeExpense 1,037,000us-gaap_NonoperatingIncomeExpense
Earnings before income taxes 38,759,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 46,069,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 115,920,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 121,941,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes 14,469,000us-gaap_IncomeTaxExpenseBenefit 14,428,000us-gaap_IncomeTaxExpenseBenefit 34,514,000us-gaap_IncomeTaxExpenseBenefit 37,817,000us-gaap_IncomeTaxExpenseBenefit
Net earnings 24,290,000us-gaap_NetIncomeLoss 31,641,000us-gaap_NetIncomeLoss 81,406,000us-gaap_NetIncomeLoss 84,124,000us-gaap_NetIncomeLoss
Other comprehensive (loss) income:        
Foreign currency translation adjustments (20,094,000)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 733,000us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (45,034,000)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 11,979,000us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Unrealized gain (loss) on available-for-sale investments, net of tax of $1,644, $42, $2,070 and ($16,887), respectively 2,949,000us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 5,311,000us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 8,800,000us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax (30,441,000)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Other comprehensive income (17,145,000)us-gaap_OtherComprehensiveIncomeLossNetOfTax 6,044,000us-gaap_OtherComprehensiveIncomeLossNetOfTax (36,234,000)us-gaap_OtherComprehensiveIncomeLossNetOfTax (18,462,000)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income $ 7,145,000us-gaap_ComprehensiveIncomeNetOfTax $ 37,685,000us-gaap_ComprehensiveIncomeNetOfTax $ 45,172,000us-gaap_ComprehensiveIncomeNetOfTax $ 65,662,000us-gaap_ComprehensiveIncomeNetOfTax
Earnings per share:        
Basic (in dollars per share) $ 0.65us-gaap_EarningsPerShareBasic $ 0.86us-gaap_EarningsPerShareBasic $ 2.20us-gaap_EarningsPerShareBasic $ 2.28us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.65us-gaap_EarningsPerShareDiluted $ 0.85us-gaap_EarningsPerShareDiluted $ 2.19us-gaap_EarningsPerShareDiluted $ 2.27us-gaap_EarningsPerShareDiluted
Cash dividends per common share: (in dollars per share) $ 0.32us-gaap_CommonStockDividendsPerShareCashPaid $ 0.31us-gaap_CommonStockDividendsPerShareCashPaid $ 0.95us-gaap_CommonStockDividendsPerShareCashPaid $ 0.92us-gaap_CommonStockDividendsPerShareCashPaid
Weighted average common shares outstanding:        
Basic (in shares) 37,138us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 36,911us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 37,078us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 36,878us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 37,269us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,053us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,210us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 36,995us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding