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Note 16 - Industry Segment Information
 6 Months Ended
Dec. 31, 2016
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 – an aggregation of
eight
operating segments that manufacture and sell commercial food service equipment;
•
Engraving – 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 – 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 – manufacturing and selling of electronic components for applications throughout the end-user market spectrum; and
•
Hydraulics – manufacturing and selling of single and double-acting telescopic and piston rod hydraulic cylinders.
 
Net sales and income from continuing operations by segment for the
three
and
six
months ended
December
31,
2016
and
2015
were as follows (in thousands):
 
 
 
Three Months Ended December 31,
 
 
 
Net Sales
 
 
Income from Operations
 
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
Segment:
                                
Food Service Equipment
   $
92,200
     $
90,936
    $
7,206
     $
6,704
 
Engraving
    
25,861
      
31,935
     
6,510
      
7,443
 
Engineering Technologies
    
18,549
      
20,711
     
1,877
      
2,093
 
Electronics
    
28,497
      
28,350
     
6,091
      
4,525
 
Hydraulics
    
8,747
      
10,016
     
979
      
1,519
 
Restructuring costs
    
 
      
 
      
(1,664
 )    
(1,477
 )
Acquisition-related costs
    
 
      
 
      
(1,503
 )    
-
  
Corporate
    
 
      
 
      
(6,262
 )    
(4,745
 )
Sub-total
   $
173,854
     $
181,948
    $
13,234
     $
16,062
  
Interest expense
    
 
      
 
      
(850
 )    
(731
 )
Other non-operating income
    
 
      
 
      
332
     
294
 
Income from continuing operations before income taxes
      
 
     $
12,716
     $
15,625
 
 
 
 
 
Six Months Ended December 31,
 
 
 
Net Sales
 
 
Income from Operations
 
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
Segment:
                                
Food Service Equipment
   $
184,852
     $
198,149
    $
16,694
     $
20,728
 
Engraving
    
52,591
      
65,456
     
13,907
      
17,350
 
Engineering Technologies
    
37,269
      
39,422
     
3,372
      
2,768
 
Electronics
    
59,148
      
56,336
     
12,565
      
10,075
 
Hydraulics
    
19,594
      
20,983
     
3,108
      
3,495
 
Restructuring costs
    
 
      
 
      
(2,058
 )    
(2,996
 )
Acquisition-related costs
    
 
      
 
      
(1,503
 )    
-
  
Corporate
    
 
      
 
      
(13,081
 )    
(12,255
 )
Sub-total
   $
353,454
     $
380,346
    $
33,004
     $
39,165
 
Interest expense
    
 
      
 
      
(1,547
 )    
(1,375
 )
Other non-operating income
    
 
      
 
      
766
     
484
 
Income from continuing operations before income taxes
      
 
     $
32,223
     $
38,274
  
 
Net sales include only transactions with unaffiliated customers and include no intersegment sales. Income from operations by segment excludes interest expense and other non-operating income.
 
The Company’s identifiable assets at
December
31,
2016
and
June
30,
2016
are as follows (in thousands):
 
 
 
December 31, 2016
 
 
June 30, 2016 *
 
Food Service Equipment
   $
231,946
    $
206,875
 
Engraving
    
119,902
     
117,026
  
Engineering Technologies
    
146,527
     
147,866
  
Electronics
    
114,416
     
114,001
  
Hydraulics
    
18,642
     
19,084
  
Corporate & Other
    
79,296
      
85,605
  
Total
   $
710,729
     $
690,457
 
 
* The identified assets as of
June
30,
2016
for certain segments have been revised from amounts previously reported due to certain immaterial allocation differences.