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Note 15 - Industry Segment Information
9 Months Ended
Mar. 31, 2018
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
March 31, 2018
and
2017
were as follows (in thousands):
 
   
Three Months Ended
March 31
,
 
   
Net Sales
   
Income from Operations
 
   
201
8
   
201
7
   
201
8
   
201
7
 
Segment:
                               
Food Service Equipment
  $
95,482
    $
92,730
    $
6,785
    $
7,418
 
Engraving
   
33,749
     
25,492
     
7,030
     
6,003
 
Engineering Technologies
   
23,426
     
23,678
     
1,140
     
2,442
 
Electronics
   
51,208
     
32,308
     
11,173
     
6,499
 
Hydraulics
   
12,878
     
10,507
     
1,728
     
1,674
 
Restructuring costs
   
 
     
 
     
(1,337
)    
(1,019
)
Corporate
   
 
     
 
     
(5,938
)    
(6,160
)
Acquisition-related costs
   
 
     
 
     
(1,254
)    
(5,422
)
Sub-total
  $
216,743
    $
184,715
    $
19,327
    $
11,435
 
Interest expense
   
 
     
 
     
(2,286
)    
(953
)
Other non-operating income
   
 
     
 
     
(293
)    
52
 
Income from continuing operations before income taxes    
 
     
 
    $
16,748
    $
10,534
 
 
   
Nine
Months Ended
March 31
,
 
   
Net Sales
   
Income from Operations
 
   
201
8
   
201
7
   
201
8
   
201
7
 
Segment:
                               
Food Service Equipment
  $
295,796
    $
277,582
    $
25,051
    $
24,112
 
Engraving
   
100,457
     
78,084
     
21,246
     
19,910
 
Engineering Technologies
   
65,621
     
60,948
     
3,836
     
5,815
 
Electronics
   
144,030
     
91,455
     
31,628
     
19,064
 
Hydraulics
   
34,969
     
30,100
     
5,076
     
4,782
 
Restructuring costs
   
 
     
 
     
(6,307
)    
(3,077
)
Corporate
   
 
     
 
     
(19,917
)    
(19,244
)
Acquisition-related costs
   
 
     
 
     
(2,962
)    
(6,925
)
Sub-total
  $
640,873
    $
538,169
    $
57,651
    $
44,437
 
Interest expense
   
 
     
 
     
(5,800
)    
(2,499
)
Other non-operating income
   
 
     
 
     
764
     
819
 
Income from continuing operations before income taxes    
 
     
 
    $
52,615
    $
42,757
 
 
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
March 31, 2018
and
June 30, 2017
are as follows (in thousands):
 
   
March 31,
2018
   
June 30,
201
7
 
Food Service Equipment
  $
249,716
    $
243,414
 
Engraving
   
148,844
     
115,664
 
Engineering Technologies
   
141,314
     
150,805
 
Electronics
   
320,271
     
292,776
 
Hydraulics
   
25,062
     
21,405
 
Corporate & Other
   
31,069
     
43,612
 
Total
  $
916,276
    $
867,676