XML 34 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 16 - Industry Segment Information
 6 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
16)     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 and income (loss) from continuing operations by segment for the three and six months ended December 31, 2015 and 2014 were as follows (in thousands):
 
 
 
 
Three Months Ended December 31,
 
 
 
Net Sales
 
 
Income from Operations
 
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
Segment:
                                
Food Service Equipment Group
   $ 90,936     $ 98,533     $ 6,704     $ 6,912  
Engraving Group
     31,935       26,625       7,443       5,947  
Engineering Technologies Group
     20,711       26,605       2,093       3,218  
Electronics Products Group
     28,350       27,823       4,525       4,738  
Hydraulics Products Group
     10,016       9,751       1,519       1,452  
Restructuring costs
                     (1,477 )     (1,094 )
Corporate
                     (4,745 )     (5,321 )
Sub-total
   $ 181,948     $ 189,337     $ 16,062     $ 15,852  
Interest expense
                     (731 )     (788 )
Other non-operating income
                     294       188  
Income from continuing operations before income taxes
                   $ 15,625     $ 15,252  
 
 
 
Six Months Ended December 31,
 
 
 
Net Sales
 
 
Income from Operations
 
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
Segment:
                                
Food Service Equipment Group
   $ 198,149     $ 212,366     $ 20,728     $ 18,585  
Engraving Group
     65,456       54,713       17,350       12,890  
Engineering Technologies Group
     39,422       46,724       2,768       5,438  
Electronics Products Group
     56,336       57,293       10,075       10,284  
Hydraulics Products Group
     20,983       20,268       3,495       3,174  
Restructuring costs
                     (2,996 )     (1,956 )
Other operating income (expense), net
                     -       (59 )
Corporate
                     (12,255 )     (11,267 )
Sub-total
   $ 380,346     $ 391,364     $ 39,165     $ 37,089  
Interest expense
                     (1,375 )     (1,431 )
Other non-operating income
                     484       453  
Income from continuing operations before income taxes
                   $ 38,274     $ 36,111  
 
Net sales include only transactions with unaffiliated customers and include no intersegment sales. Income (loss) from operations by segment excludes interest expense and other non-operating income (expense).
 
The Company’s identifiable assets at December 31, 2015 and June 30, 2015 are as follows (in thousands):
 
 
 
December 31,
2015
 
 
June 30,
2015
 
Food Service Equipment Group
   $ 203,466     $ 218,334  
Engraving Group
     118,279       114,268  
Engineering Technologies Group
     134,559       141,351  
Electronics Products Group
     106,890       90,948  
Hydraulics Products Group
     25,245       22,705  
Corporate & Other
     72,018       71,457  
Total
   $ 660,457     $ 659,063