v3.19.3.a.u2
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 184,934 $ 174,510 $ 368,177 $ 337,480
Cost of sales 63,531 61,492   116,859
Gross margin 121,403 113,018 239,816 220,621
Operating expenses:        
Selling, general and administrative 68,030 63,603 137,040 130,655
Research and development 16,381 15,812 32,459 30,602
Total operating expenses 84,411 79,415 169,499 161,257
Operating income 36,992 33,603 70,317 59,364
Other (expense) income 113,334 (11,836) 97,812 (20,012)
Earnings before income taxes 150,326 21,767 168,129 39,352
Income taxes 30,704 4,211 34,111 4,394
Net earnings 119,622 17,556 134,018 34,958
Other comprehensive (loss) income:        
Foreign currency translation adjustments 11,867 (8,464) 4,265 (9,600)
Derivative instruments - cash flow hedges 1,408 (3,915) 904 (3,915)
Other comprehensive (loss) income 13,275 (12,379) 5,169 (13,515)
Comprehensive income $ 132,897 $ 5,177 $ 139,187 $ 21,443
Earnings per share:        
Basic (in dollars per share) $ 3.13 $ 0.46 $ 3.51 $ 0.93
Diluted (in dollars per share) $ 3.02 $ 0.45 $ 3.40 $ 0.90
Weighted average common shares outstanding:        
Basic (in shares) 38,167 37,766 38,100 37,732
Diluted (in shares) 39,550 38,748 39,370 38,782

Source