Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Mar. 31, 2012
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Apr. 02, 2011
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Mar. 31, 2012
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Apr. 02, 2011
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Net sales | $ 125,541 | $ 124,954 | $ 354,550 | $ 337,592 |
Cost of goods sold | 100,350 | 94,092 | 297,963 | 258,943 |
Gross profit | 25,191 | 30,862 | 56,587 | 78,649 |
Selling, general and administrative expenses | 22,256 | 22,706 | 67,001 | 65,676 |
Change in fair value of contingent consideration | 0 | 0 | 0 | (1,530) |
Goodwill impairment charge | 0 | 0 | 0 | 612 |
Other expense, net | 79 | 29 | 19 | 180 |
Operating income (loss) | 2,856 | 8,127 | (10,433) | 13,711 |
Interest expense, net | 1,017 | 627 | 2,901 | 1,828 |
Income (loss) before (benefit) provision for income taxes | 1,839 | 7,500 | (13,334) | 11,883 |
(Benefit) provision for income taxes | (80) | 1,775 | (6,076) | 3,089 |
Net income (loss) | $ 1,919 | $ 5,725 | $ (7,258) | $ 8,794 |
Basic earnings (loss) per share | $ 0.23 | $ 0.67 | $ (0.86) | $ 1.03 |
Diluted earnings (loss) per share | $ 0.22 | $ 0.65 | $ (0.86) | $ 1.00 |
Weighted average number of shares outstanding | 8,450 | 8,490 | 8,455 | 8,505 |
Dilutive effect of stock options | 336 | 249 | 0 | 247 |
Weighted average number of shares assuming dilution | 8,786 | 8,739 | 8,455 | 8,752 |
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- Definition
This element represents the amount of any change, including any differences arising upon settlement, recognized during the reporting period in the value of a liability, arising from an item of contingent consideration, assumed in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. Goodwill is assessed at least annually for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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