Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Net sales | $ 163,973 | $ 144,037 | $ 462,739 | $ 406,425 |
| Cost of sales | 53,712 | 47,355 | 152,777 | 134,256 |
| Gross margin | 110,261 | 96,682 | 309,962 | 272,169 |
| Operating expenses: | ||||
| Selling, general and administrative | 53,285 | 49,409 | 175,349 | 151,814 |
| Research and development | 13,892 | 13,771 | 41,350 | 39,817 |
| Total operating expenses | 67,177 | 63,180 | 216,699 | 191,631 |
| Operating income | 43,084 | 33,502 | 93,263 | 80,538 |
| Other income (expense), net | (18,102) | (2,361) | (23,581) | (6,425) |
| Earnings before income taxes | 24,982 | 31,141 | 69,682 | 74,113 |
| Income tax expense (benefit) | 5,244 | 8,974 | (14,767) | 25,637 |
| Net earnings | 19,738 | 22,167 | 84,449 | 48,476 |
| Other comprehensive income: | ||||
| Foreign currency translation adjustments | 2,297 | 2,400 | 10,787 | (10,899) |
| Unrealized gain (loss) on available-for-sale investments, net of tax of $(10,120), $293, $(4,745), and $(1,767), respectively | 38,659 | (475) | 22,286 | 16,010 |
| Other comprehensive income | 40,956 | 1,925 | 33,073 | 5,111 |
| Comprehensive income | $ 60,694 | $ 24,092 | $ 117,522 | $ 53,587 |
| Earnings per share: | ||||
| Basic (in dollars per share) | $ 0.53 | $ 0.59 | $ 2.25 | $ 1.30 |
| Diluted (in dollars per share) | 0.52 | 0.59 | 2.22 | 1.29 |
| Cash dividends per common share: (in dollars per share) | $ 0.32 | $ 0.32 | $ 0.96 | $ 0.96 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 37,503 | 37,320 | 37,450 | 37,303 |
| Diluted (in shares) | 38,142 | 37,494 | 37,933 | 37,486 |