text: million or 7.3% compared to the prior year. Net sales from 
  Selling, Distribution & Administrative  **20.5 %** 20.9 % 
  
  acquired businesses added $16.6 million or 0.7% to the current 
  Operating Income  **7.1 %** 6.8 % 
  year. Gross margin of 27.6% compares to 27.7% in the prior 
  Net Income  **4.6 %** 4.4 % 
  year. Our operating margin increased to 7.1% compared to the 
  
  prior year’s 6.8%. Our earnings per share was $2.54 versus $2.24 
  Net sales in fiscal 2012 were $2.4 billion, which was $162.6 million 
  in fiscal year 2011, an increase of 13.4%. 
  or 7.3% above the prior year, driven by improvements in the 
  Our consolidated balance sheet remains strong. Shareholders’ 
  industrial economy as well as a continued focus on profitable sales 
  equity is $672.1 million, up from $633.6 million at June 30, 2011. 
  growth. Incremental net sales from companies acquired since the 
  Working capital increased $31.4 million from June 30, 2011 to 
  prior year period contributed approximately $16.6 million or 0.7%. 
  $435.6 million at June 30, 2012. Our current ratio remains strong 