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Note 15 - Industry Segment Information
6 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
1
5
)     
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, tool finishing, 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
(loss) from continuing operations by segment for the
three
months ended
December 31, 2017
and
2016
were as follows (in thousands):
 
   
Three Months Ended
December 31
,
 
   
Net Sales
   
Income from Operations
 
   
201
7
   
201
6
   
201
7
   
201
6
 
Segment:
                               
Food Service Equipment
  $
97,222
    $
92,200
    $
7,841
    $
7,206
 
Engraving
   
33,879
     
25,861
     
6,796
     
6,510
 
Engineering Technologies
   
21,928
     
18,549
     
1,529
     
1,877
 
Electronics
   
46,035
     
28,497
     
10,221
     
6,091
 
Hydraulics
   
10,687
     
8,747
     
1,496
     
979
 
Restructuring costs
   
 
     
 
     
(1,966
)    
(1,664
)
Corporate
   
 
     
 
     
(7,036
)    
(6,262
)
Acquisition-related costs
   
 
     
 
     
(703
)    
(1,503
)
Sub-total
  $
209,751
    $
173,854
    $
18,178
    $
13,234
 
Interest expense
   
 
     
 
     
(1,793
)    
(850
)
Other non-operating income
   
 
     
 
     
453
     
332
 
Income from continuing operations before income taxes
   
 
     
 
    $
16,838
    $
12,716
 
 
 
 
 
 
   
Six Months Ended December 31,
 
   
Net Sales
   
Income from Operations
 
   
2017
   
2016
   
2017
   
2016
 
Segment:
                               
Food Service Equipment
  $
200,287
    $
184,852
    $
18,266
    $
16,694
 
Engraving
   
66,708
     
52,591
     
14,216
     
13,907
 
Engineering Technologies
   
42,195
     
37,269
     
2,695
     
3,372
 
Electronics
   
92,850
     
59,148
     
20,457
     
12,565
 
Hydraulics
   
22,090
     
19,594
     
3,348
     
3,108
 
Restructuring costs
   
 
     
 
     
(4,970
)    
(2,058
)
Acquisition-related costs
   
 
     
 
     
(1,708
)    
(1,503
)
Corporate
   
 
     
 
     
(13,980
)    
(13,081
)
Sub-total
  $
424,130
    $
353,454
    $
38,324
    $
33,004
 
Interest expense
   
 
     
 
     
(3,514
)    
(1,547
)
Other non-operating income
   
 
     
 
     
1,057
     
766
 
Income from continuing operations before income taxes
   
 
     
 
    $
35,867
    $
32,223
 
 
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, 2017
and
June 30, 2017
are as follows (in thousands):
 
   
December 31
,
201
7
   
June 30,
201
7
 
Food Service Equipment
  $
245,688
    $
243,414
 
Engraving
   
150,769
     
115,664
 
Engineering Technologies
   
151,908
     
150,805
 
Electronics
   
290,044
     
292,776
 
Hydraulics
   
24,651
     
21,405
 
Corporate & Other
   
53,610
     
43,612
 
Total
  $
916,670
    $
867,676