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Note 18 - Industry Segment Information | 12 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
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: • 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; • Electronics – manufacturing and selling of electronic components for applications throughout the end-user market spectrum; and • 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. • Hydraulics – manufacturing and selling of single and double-acting telescopic and piston rod hydraulic cylinders. • Food Service Equipment – an aggregation of five operating segments that manufacture and sell commercial food service equipment; 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 concluded that it would not presently 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 |
|  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Engraving |  | $ | 149,693 |  |  | $ | 136,275 |  |  | $ | 105,943 |  |  | $ | 8,232 |  |  | $ | 5,483 |  |  | $ | 3,100 |
Electronics |  |  | 204,073 |  |  |  | 196,291 |  |  |  | 136,689 |  |  |  | 11,751 |  |  |  | 10,564 |  |  |  | 4,960 |
Engineering Technologies |  |  | 105,270 |  |  |  | 90,781 |  |  |  | 90,506 |  |  |  | 5,963 |  |  |  | 6,006 |  |  |  | 5,976 |
Hydraulics |  |  | 53,943 |  |  |  | 48,169 |  |  |  | 41,150 |  |  |  | 708 |  |  |  | 750 |  |  |  | 730 |
Food Service Equipment |  |  | 278,600 |  |  |  | 298,936 |  |  |  | 273,597 |  |  |  | 3,825 |  |  |  | 3,493 |  |  |  | 2,704 |
Corporate and Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 402 |  |  |  | 400 |  |  |  | 343 |
Total |  | $ | 791,579 |  |  | $ | 770,452 |  |  | $ | 647,885 |  |  | $ | 30,881 |  |  | $ | 26,696 |  |  | $ | 17,813 |
|  | Income (Loss) From Operations |  |  | Capital Expenditures (1) |
|  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Engraving |  | $ | 23,996 |  |  | $ | 29,618 |  |  | $ | 26,139 |  |  | $ | 13,868 |  |  | $ | 9,339 |  |  | $ | 7,807 |
Electronics |  |  | 41,227 |  |  |  | 45,501 |  |  |  | 27,855 |  |  |  | 12,646 |  |  |  | 8,487 |  |  |  | 4,000 |
Engineering Technologies |  |  | 11,169 |  |  |  | 6,506 |  |  |  | 9,758 |  |  |  | 3,857 |  |  |  | 3,581 |  |  |  | 6,510 |
Hydraulics |  |  | 8,891 |  |  |  | 7,398 |  |  |  | 6,802 |  |  |  | 935 |  |  |  | 1,394 |  |  |  | 1,058 |
Food Service Equipment |  |  | 22,773 |  |  |  | 28,131 |  |  |  | 23,633 |  |  |  | 3,143 |  |  |  | 2,544 |  |  |  | 4,097 |
Restructuring charge |  |  | (1,635 | ) |  |  | (6,964 | ) |  |  | (5,761 | ) |  |  | - |  |  |  | - |  |  |  | - |
Acquisition-related costs |  |  | (3,075 | ) |  |  | (3,749 | ) |  |  | (7,843 | ) |  |  | - |  |  |  | - |  |  |  | - |
Other operating income (expense), net |  |  | (500 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Corporate |  |  | (24,729 | ) |  |  | (26,430 | ) |  |  | (23,664 | ) |  |  | 57 |  |  |  | 258 |  |  |  | 418 |
Total |  | $ | 78,117 |  |  | $ | 80,011 |  |  | $ | 56,919 |  |  | $ | 34,506 |  |  | $ | 25,603 |  |  | $ | 23,890 |
Interest expense |  |  | (10,760 | ) |  |  | (8,029 | ) |  |  | (4,043 | ) |  |  |  |  |  |  |  |  |  |  |  |
Other, net |  |  | (1,744 | ) |  |  | (1,735 | ) |  |  | (1,917 | ) |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations before income taxes |  | $ | 65,613 |  |  | $ | 70,247 |  |  | $ | 50,959 |  |  |  |  |  |  |  |  |  |  |  |  |
| ( 1 ) | Includes capital expenditures in accounts payable of $3.8 million, $0.4 million, and $0.4 million at June 30, 2019, 2018, and 2017 respectively.
|  | Goodwill |  |  | Identifiable Assets |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Engraving |  | $ | 79,392 |  |  | $ | 26,697 |  |  | $ | 233,569 |  |  | $ | 149,973 |
Electronics |  |  | 131,317 |  |  |  | 113,798 |  |  |  | 332,326 |  |  |  | 318,564 |
Engineering Technologies |  |  | 43,890 |  |  |  | 44,247 |  |  |  | 149,628 |  |  |  | 150,150 |
Hydraulics |  |  | 3,059 |  |  |  | 3,059 |  |  |  | 28,132 |  |  |  | 25,646 |
Food Service Equipment |  |  | 23,360 |  |  |  | 23,453 |  |  |  | 159,656 |  |  |  | 149,743 |
Corporate & Other |  |  | 485 |  |  |  | 497 |  |  |  | 18,578 |  |  |  | 23,031 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  | - |  |  |  | 99,830 |
Total |  | $ | 281,503 |  |  | $ | 211,751 |  |  | $ | 921,889 |  |  | $ | 916,937 |
Net sales (2) |  | 2019 |  |  | 2018 |  |  | 2017 |
United States |  | $ | 520,908 |  |  | $ | 495,211 |  |  | $ | 415,893 |
Asia Pacific |  |  | 108,667 |  |  |  | 108,569 |  |  |  | 86,480 |
EMEA (3) |  |  | 144,636 |  |  |  | 149,249 |  |  |  | 124,990 |
Other Americas |  |  | 17,368 |  |  |  | 17,423 |  |  |  | 20,522 |
Total |  | $ | 791,579 |  |  | $ | 770,452 |  |  | $ | 647,885 |
| ( 2 ) | Net sales were identified based on geographic location where our products and services were initiated.
| ( 3 ) | EMEA consists primarily of Europe, Middle East and S. Africa.
Long-lived assets |  | 2019 |  |  | 2018 |  |  | 2017 |
United States |  | $ | 81,122 |  |  | $ | 77,250 |  |  | $ | 76,317 |
Asia Pacific |  |  | 35,033 |  |  |  | 30,911 |  |  |  | 30,268 |
EMEA (4) |  |  | 27,160 |  |  |  | 25,709 |  |  |  | 15,816 |
Other Americas |  |  | 4,709 |  |  |  | 3,064 |  |  |  | 2,711 |
Total |  | $ | 148,024 |  |  | $ | 136,934 |  |  | $ | 125,112 |
| ( 4 ) | EMEA consists primarily of Europe, Middle East and S. Africa.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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