Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings and Comprehensive Income

v2.4.0.8
Condensed Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 108,477 $ 85,668
Cost of sales 35,411 24,554
Gross margin 73,066 61,114
Operating expenses:    
Selling, general and administrative 28,701 14,021
Research and development 9,149 7,702
Total operating expenses 37,850 21,723
Operating income 35,216 39,391
Other (expense) income (618) 263
Earnings before income taxes 34,598 39,654
Income taxes 10,691 12,226
Net earnings 23,907 27,428
Other comprehensive (loss) income:    
Foreign currency translation adjustments (9,103) 7,902
Unrealized losses on available-for-sale investments, net of tax of ($100) and ($17,396), respectively (8,488) (36,776)
Other comprehensive loss (17,591) (28,874)
Comprehensive income (loss) $ 6,316 $ (1,446)
Earnings per share:    
Basic $ 0.65 $ 0.74
Diluted $ 0.64 $ 0.74
Cash dividends per common share: $ 0.31 $ 0.30
Weighted average common shares outstanding:    
Basic 37,007 36,842
Diluted 37,148 36,928