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Note 3 - Revenue From Contracts With Customers (Tables) | 6 Months Ended
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Dec. 31, 2018
Notes Tables |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
|  | Cumulative |
(in thousands) |  | Effect |
Net sales |  | $ | (799 | )
Cost of Sales |  |  | (574 | )
Income tax expense |  |  | 340 |
Net Loss |  |  | (1,033 | )
Effective Date |  | Reported June 30, 2018 |  |  | ASC 606 Adjustments |  |  | As Adjusted July 1, 2018 |
Inventories |  | $ | 127,223 |  |  | $ | (574 | ) |  | $ | 126,649 |
Accounts receivable |  |  | 134,228 |  |  |  | 703 |  |  |  | 134,931 |
Accrued liabilities |  |  | 65,575 |  |  |  | 1,502 |  |  |  | 67,077 |
Deferred income taxes |  |  | 26,816 |  |  |  | (340 | ) |  |  | 26,476 |
Retained earnings |  |  | 761,430 |  |  |  | (1,033 | ) |  |  | 760,397 |
|  | Three Months Ended December 31, 2018 |
|  | As Presented |  |  | Impact of ASC 606 |  |  | Balances Without adoption of ASC 606 |
Net sales |  | $ | 195,522 |  |  | $ | (2,812 | ) |  | $ | 192,710 |
Cost of sales |  |  | 128,586 |  |  |  | (2,786 | ) |  |  | 125,800 |
Gross profit |  |  | 66,936 |  |  |  | (26 | ) |  |  | 66,910 |
Provision for income taxes |  |  | 3,860 |  |  |  | (8 | ) |  |  | 3,852 |
Income from continuing operations |  |  | 12,474 |  |  |  | (18 | ) |  |  | 12,456 |
Income (loss) from discontinued operations, net of income taxes |  |  | 924 |  |  |  | 171 |  |  |  | 1,095 |
Net income (loss) |  | $ | 13,398 |  |  | $ | 153 |  |  | $ | 13,551 |
|  | Six Months Ended December 31, 2018 |
|  | As Presented |  |  | Impact of ASC 606 |  |  | Balances Without adoption of ASC 606 |
Net sales |  | $ | 388,609 |  |  | $ | (5,855 | ) |  | $ | 382,754 |
Cost of sales |  |  | 252,421 |  |  |  | (5,282 | ) |  |  | 247,139 |
Gross profit |  |  | 136,188 |  |  |  | (573 | ) |  |  | 135,615 |
Provision for income taxes |  |  | 9,702 |  |  |  | (166 | ) |  |  | 9,536 |
Income from continuing operations |  |  | 26,767 |  |  |  | (407 | ) |  |  | 26,360 |
Income (loss) from discontinued operations, net of income taxes |  |  | 2,488 |  |  |  | 195 |  |  |  | 2,683 |
Net income (loss) |  | $ | 29,255 |  |  | $ | (212 | ) |  | $ | 29,043 |
|  | December 31, 2018 |
|  | As Presented |  |  | Impact of ASC 606 |  |  | Balances Without adoption of ASC 606 |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Prepaid Expenses |  | $ | 21,425 |  |  | $ | (7,083 | ) |  | $ | 14,342 |
Inventories |  |  | 109,423 |  |  |  | 5,282 |  |  |  | 114,705 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Accrued liabilities |  | $ | 61,262 |  |  | $ | (1,228 | ) |  | $ | 60,034 |
Income taxes payable |  |  | 7,672 |  |  |  | (166 | ) |  |  | 7,506 |
Current liabilities- Discontinued Operations |  |  | 18,906 |  |  |  | (195 | ) |  |  | 18,711 |
Retained earnings |  |  | 784,687 |  |  |  | (212 | ) |  |  | 784,475 |
Disaggregation of Revenue [Table Text Block] |
|  | Three Months Ended |
Revenue by Product Line |  | December 31, 2018 |  |  | December 31, 2017 |
Refrigeration |  | $ | 52,217 |  |  | $ | 56,434 |
Merchandising & Display |  |  | 9,065 |  |  |  | 8,235 |
Pumps |  |  | 7,371 |  |  |  | 8,496 |
Total Food Service Equipment |  |  | 68,653 |  |  |  | 73,165 |
Engraving Services |  |  | 35,796 |  |  |  | 30,131 |
Engraving Products |  |  | 2,689 |  |  |  | 3,748 |
Total Engraving |  |  | 38,485 |  |  |  | 33,879 |
Engineering Technologies Components |  |  | 23,568 |  |  |  | 21,928 |
Electronics |  |  | 52,700 |  |  |  | 46,035 |
Hydraulics Cylinders and System |  |  | 12,116 |  |  |  | 10,687 |
Total Revenue by Product Line |  | $ | 195,522 |  |  | $ | 185,694 |
|  | Six Months Ended |
Revenue by Product Line |  | December 31, 2018 |  |  | December 31, 2017 |
Refrigeration |  | $ | 106,664 |  |  |  | 116,105 |
Merchandising & Display |  |  | 18,229 |  |  |  | 17,048 |
Pumps |  |  | 16,098 |  |  |  | 17,839 |
Total Food Service Equipment |  |  | 140,991 |  |  |  | 150,992 |
Engraving Services |  |  | 69,653 |  |  |  | 60,124 |
Engraving Products |  |  | 4,813 |  |  |  | 6,584 |
Total Engraving |  |  | 74,466 |  |  |  | 66,708 |
Engineering Technologies Components |  |  | 44,351 |  |  |  | 42,195 |
Electronics |  |  | 104,150 |  |  |  | 92,851 |
Hydraulics Cylinders and System |  |  | 24,651 |  |  |  | 22,090 |
Total Revenue by Product Line |  | $ | 388,609 |  |  |  | 374,836 |
Net sales |  | Three Months Ended December 31, 2018 |  |  | Six Months Ended December 31, 2018 |
United States |  | $ | 129,969 |  |  |  | 254,705 |
Asia Pacific |  |  | 28,163 |  |  |  | 56,041 |
EMEA (1) |  |  | 32,978 |  |  |  | 68,504 |
Other Americas |  |  | 4,412 |  |  |  | 9,359 |
Total |  | $ | 195,522 |  |  |  | 388,609 |
|  | Three Months Ended |
Timing of Revenue Recognition |  | December 31, 2018 |  |  | December 31, 2017 |
Products and services transferred at a point in time |  | $ | 188,093 |  |  | $ | 182,441 |
Products transferred over time |  |  | 7,429 |  |  |  | 3,253 |
Net Sales |  | $ | 195,522 |  |  | $ | 185,694 |
|  | Six Months Ended |
Timing of Revenue Recognition |  | December 31, 2018 |  |  | December 31, 2017 |
Products and services transferred at a point in time |  | $ | 375,998 |  |  | $ | 367,954 |
Products transferred over time |  |  | 12,611 |  |  |  | 6,882 |
Net Sales |  | $ | 388,609 |  |  | $ | 374,836 |
Contract with Customer, Asset and Liability [Table Text Block] |
|  | Balance at Beginning of Period |  |  | Additions |  |  | Deductions |  |  | Balance at End of Period |
Fiscal quarter ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 1,552 |  |  | $ | 10,735 |  |  | $ | 9,584 |  |  | $ | 2,703 |
Unbilled services |  |  | 7,183 |  |  |  | 2,465 |  |  |  | 1,035 |  |  |  | 8,613 |
Contract liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer deposits |  |  | 2,049 |  |  |  | 3,383 |  |  |  | - |  |  |  | 5,432 |
Fiscal quarter ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 5,655 |  |  | $ | 5,422 |  |  | $ | 9,525 |  |  | $ | 1,552 |
Unbilled services |  |  | 5,904 |  |  |  | 2,960 |  |  |  | 1,681 |  |  |  | 7,183 |
Contract liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer deposits |  |  | 2,552 |  |  |  | - |  |  |  | 503 |  |  |  | 2,049 |
Revenue recognized in the period from: |  | December 31, 2018 |  |  | September 30, 2018 |
Amounts included in the contract liability balance at the beginning of the period |  | $ | - |  |  | $ | 503 |

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