|
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Net sales |
$ 111,948,000 |
$ 84,017,000 |
$ 220,425,000 |
$ 169,685,000 |
| Cost of sales |
36,205,000 |
25,424,000 |
71,616,000 |
49,978,000 |
| Gross margin |
75,743,000 |
58,593,000 |
148,809,000 |
119,707,000 |
| Operating expenses: |
|
|
|
|
| Selling, general and administrative |
31,137,000 |
14,926,000 |
59,838,000 |
28,947,000 |
| Research and development |
10,026,000 |
7,923,000 |
19,175,000 |
15,625,000 |
| Total operating expenses |
41,163,000 |
22,849,000 |
79,013,000 |
44,572,000 |
| Operating income |
34,580,000 |
35,744,000 |
69,796,000 |
75,135,000 |
| Other income, net |
7,983,000 |
474,000 |
7,365,000 |
737,000 |
| Earnings before income taxes |
42,563,000 |
36,218,000 |
77,161,000 |
75,872,000 |
| Income taxes |
9,354,000 |
11,163,000 |
20,045,000 |
23,389,000 |
| Net earnings |
33,209,000 |
25,055,000 |
57,116,000 |
52,483,000 |
| Other comprehensive (loss) income: |
|
|
|
|
| Foreign currency translation adjustments |
(15,837,000) |
3,344,000 |
(24,940,000) |
11,246,000 |
| Unrealized gain (loss) on available-for-sale investments, net of tax of $526, $467, $426 and ($16,929), respectively |
14,339,000 |
1,024,000 |
5,851,000 |
(35,752,000) |
| Other comprehensive income |
(1,498,000) |
4,368,000 |
(19,089,000) |
(24,506,000) |
| Comprehensive income |
$ 31,711,000 |
$ 29,423,000 |
$ 38,027,000 |
$ 27,977,000 |
| Earnings per share: |
|
|
|
|
| Basic (in dollars per share) |
$ 0.90 |
$ 0.68 |
$ 1.54 |
$ 1.42 |
| Diluted (in dollars per share) |
$ 0.89 |
$ 0.68 |
$ 1.54 |
$ 1.42 |
| Cash dividends per common share: (in dollars per share) |
$ 0.32 |
$ 0.31 |
$ 0.63 |
$ 0.61 |
| Weighted average common shares outstanding: |
|
|
|
|
| Weighted average common shares outstanding-basic (in shares) |
37,085 |
36,882 |
37,048 |
36,862 |
| Diluted (in shares) |
37,211 |
37,015 |
37,181 |
36,968 |