|
Condensed Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Mar. 31, 2014
|
Mar. 31, 2013
|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
| Net sales | $ 95,555 | $ 80,992 | $ 265,240 | $ 231,100 |
| Cost of sales | 27,444 | 19,845 | 77,422 | 59,107 |
| Gross margin | 68,111 | 61,147 | 187,818 | 171,993 |
| Operating expenses: | ||||
| Selling, general and administrative | 14,666 | 9,982 | 43,613 | 31,266 |
| Research and development | 7,676 | 7,219 | 23,301 | 22,074 |
| Total operating expenses | 22,342 | 17,201 | 66,914 | 53,340 |
| Operating income | 45,769 | 43,946 | 120,904 | 118,653 |
| Other income (expense): | ||||
| Interest income | 529 | 638 | 1,641 | 1,976 |
| Other non-operating expense, net | (229) | (118) | (604) | (731) |
| Total other income (expense) | 300 | 520 | 1,037 | 1,245 |
| Earnings before income taxes | 46,069 | 44,466 | 121,941 | 119,898 |
| Income taxes | 14,428 | 11,348 | 37,817 | 35,748 |
| Net earnings | 31,641 | 33,118 | 84,124 | 84,150 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | 733 | (9,264) | 11,979 | (4,232) |
| Unrealized gains (losses) on available-for-sale investments, net of tax of $42, $6,610, ($16,887) and ($2,659), respectively | 5,311 | 11,851 | (30,441) | (4,706) |
| Other comprehensive income (loss) | 6,044 | 2,587 | (18,462) | (8,938) |
| Comprehensive income | $ 37,685 | $ 35,705 | $ 65,662 | $ 75,212 |
| Earnings per share: | ||||
| Basic | $ 0.86 | $ 0.90 | $ 2.28 | $ 2.28 |
| Diluted | $ 0.85 | $ 0.90 | $ 2.27 | $ 2.28 |
| Cash dividends per common share: | $ 0.31 | $ 0.30 | $ 0.91 | $ 0.88 |
| Weighted average common shares outstanding: | ||||
| Basic | 36,911 | 36,842 | 36,878 | 36,835 |
| Diluted | 37,053 | 36,908 | 36,995 | 36,901 |