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Note 18 - Industry Segment Information
 12 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

18. Industry Segment Information


The Company has determined that it has five reportable segments organized around the types of product sold:


•

Food Service Equipment Group– an aggregation of seven operating segments that manufacture and sell commercial food service equipment;

•

Engraving Group – provides mold texturizing, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for a number of industries;

•

Engineering Technologies Group – provides net and near net formed single-source customized solutions in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets.

•

Electronics Products Group – manufacturing and selling of electronic components for applications throughout the end-user market spectrum; and

•

Hydraulics Products Group – manufacturing and selling of single and double-acting telescopic and piston rod hydraulic cylinders.

Net sales include only transactions with unaffiliated customers and include no significant intersegment or export sales. Operating income by segment and geographic area excludes general corporate and interest expenses. Assets of the Corporate segment consist primarily of cash, office equipment, and other non-current assets.


Given the nature of our corporate expenses, management has concluded that it would not be appropriate to allocate the expenses associated with corporate activities to our operating segments. These corporate expenses include the costs for the corporate headquarters, salaries and wages for the personnel in corporate, professional fees related to corporate matters and compliance efforts, stock-based compensation and post-retirement benefits related to our corporate executives, officers and directors, and other compliance related costs. The Company has a process to allocate and recharge certain direct costs to the operating segments when such direct costs are administered and paid at corporate. Such direct expenses that are recharged on an intercompany basis each month include such costs as insurance, workers’ compensation programs, audit fees and pension expense. The accounting policies applied by the reportable segments are the same as those described in the Summary of Accounting Policies footnote to the consolidated financial statements. There are no differences in accounting policies which would be necessary for an understanding of the reported segment information.


Industry Segments

                                               

(in thousands)

  

Net Sales

    

Depreciation and Amortization

  
   

2015

    

2014

    

2013

    

2015

    

2014

    

2013

  

Food Service Equipment

   $ 408,706     $ 377,848     $ 367,008     $ 5,176     $ 4,485     $ 4,930  

Engraving

     110,781       109,271       93,380       3,497       3,342       3,226  

Engineering Technologies

     97,018       79,642       74,838       4,278       3,063       3,288  

Electronics Products

     114,196       114,881       108,085       2,759       2,807       2,986  

Hydraulics Products

     41,441       34,538       30,079       665       625       566  

Corporate and Other

     -       -       -       309       269       239  

Total

   $ 772,142     $ 716,180     $ 673,390     $ 16,684     $ 14,591     $ 15,235  

   

Income (Loss) From Operations

    

Capital Expenditures

  
   

2015

    

2014

    

2013

    

2015

    

2014

    

2013

  

Food Service Equipment

   $ 37,456     $ 38,203     $ 37,533     $ 4,791     $ 3,740     $ 3,149  

Engraving

     24,250       22,145       15,596       5,856       4,648       5,106  

Engineering Technologies

     13,097       12,676       13,241       8,025       7,686       1,734  

Electronics Products

     20,884       19,732       16,147       2,298       1,631       3,243  

Hydraulics Products

     7,013       5,781       4,968       784       684       580  

Restructuring charge

     (3,443 )     (10,077 )     (2,666 )     -       -       -  

Gain on sale of real estate

     -       -       -       -       -       -  

Other operating income (expense), net

     438       3,462       -       -       -       -  

Corporate

     (21,051 )     (26,054 )     (22,924 )     268       1,531       568  

Total

   $ 78,644     $ 65,868     $ 61,895     $ 22,022     $ 19,920     $ 14,380  

Interest expense

     (3,161 )     (2,249 )     (2,469 )                        

Other, net

     634       4,184       (128 )                        

Income from continuing operations before income taxes

   $ 76,117     $ 67,803     $ 59,298                          

   

Goodwill

    

Identifiable Assets

  
   

2015

    

2014

    

2015

    

2014

  

Food Service Equipment

   $ 56,812     $ 56,731     $ 218,334     $ 214,674  

Engraving

     20,248       20,716       114,268       101,106  

Engineering Technologies

     46,000       12,188       141,351       75,591  

Electronics Products

     28,614       33,272       90,948       103,699  

Hydraulics Products

     3,058       3,058       22,705       16,410  

Corporate & Other

     -       -       72,735       66,680  

Total

   $ 154,732     $ 125,965     $ 660,341     $ 578,160  

Net sales (1)

  

2015

    

2014

    

2013

  

United States

   $ 561,923     $ 505,853     $ 488,048  

Asia Pasific

     64,840       53,551       51,664  

EMEA (2)

     117,816       130,602       113,367  

Other Americas

     27,563       26,174       20,311  

Total

   $ 772,142     $ 716,180     $ 673,390  

(1)   Net sales were identified based on geographic location where our products and services were initiated.


(2)  EMEA consists primarily of Europe, Middle East and S. Africa.


Long-lived assets

  

2015

    

2014

    

2013

  

United States

   $ 76,274     $ 59,225     $ 58,890  

Asia Pasific

     7,047       5,627       4,166  

EMEA (2)

     18,604       23,266       22,065  

Other Americas

     6,611       8,579       7,421  

Total

   $ 108,536     $ 96,697     $ 92,542