ANAREN INC (ANEN) [Rocket]

In millions, except per share items	Jun-30-13	Jun-30-12	Jun-30-11	Jun-30-10	Jun-30-09
	10-K	10-K	10-K	10-K	10-K
Net sales	158.4	147.3	179.2	168.8	166.9
Net sales growth	7.5%	-17.8%	6.2%	1.1%
Cost of sales	99.6	95.9	111.3	106.5	112.3
Gross profit	58.8	51.4	67.9	62.3
Gross margin	100.0%	100.0%	100.0%	100.0%

Operating Expenses:
Marketing	9.5	10.3	10.6	9.7
Research and development	13.6	13.2	16.8	14.8
General and administrative	17.5	17.5	19.3	19.0
Total operating expenses	40.7	41.1	46.7	43.5
Operating income	18.1	10.3	21.3	18.8
Operating margin	100.0%	100.0%	100.0%	100.0%

Other income (expense):
Interest expense	-0.1	-0.2	-0.5	-0.6
Other income	-0.4	-0.5	-0.7	0.2
Total other income, net	0.4	0.5	0.7	-0.2
Income before income tax expense	18.5	10.8	21.9
Income tax expense	3.5	2.2	5.5	4.9
Net income	15.1	8.6	16.4	13.7

Earnings per share:
Basic (in Dollars per share)	$1.19	$0.61	$1.17	$0.98
Diluted (in Dollars per share)	$1.13	$0.59	$1.11	$0.94

Weighted average common shares outstanding:
Basic (in Shares)	12.7	14.1	14.0	14.0
Diluted (in Shares)	13.3	14.7	14.7	14.5