Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings and Comprehensive Income

v3.2.0.727
Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands
 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 452,246,000 $ 357,763,000 $ 310,575,000
Cost of sales 144,969,000 106,352,000 79,465,000
Gross margin 307,277,000 251,411,000 231,110,000
Operating expenses:      
Selling, general and administrative 119,401,000 60,716,000 43,384,000
Research and development 40,853,000 30,945,000 29,257,000
Total operating expenses 160,254,000 91,661,000 72,641,000
Operating income 147,022 159,750 158,469
Other income (expense):      
Interest expense (1,544,000) 0 0
Interest income 634,000 2,684,000 2,646,000
Other non-operating income (expense), net 8,049,000 (1,042,000) (453,000)
Total other income (expense) 7,139,000 1,642,000 2,193,000
Earnings before income taxes 154,162,000 161,392,000 160,662,000
Income taxes 46,427,000 50,444,000 48,101,000
Net earnings 107,735,000 110,948,000 112,561,000
Other comprehensive income (loss):      
Foreign currency translation adjustments (36,513,000) 15,819,000 (3,538,000)
Unrealized (losses) gains on available-for-sale investments, net of tax of 3,895, ($17,110) and ($2,129), respectively 11,308,000 (35,760,000) (3,684,000)
Other comprehensive (loss) income (25,205,000) (19,941,000) (7,222,000)
Comprehensive income $ 82,530,000 $ 91,007,000 $ 105,339,000
Earnings per share:      
Basic (in dollars per share) $ 2.90 $ 3.01 $ 3.06
Diluted (in dollars per share) 2.89 3 3.05
Cash dividends per common share: (in dollars per share) $ 1.27 $ 1.23 $ 1.18
Weighted average common shares outstanding:      
Basic (in shares) 37,096 36,890 36,836
Diluted (in shares) 37,231 37,005 36,900