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Note 3 - Revenue From Contracts With Customers (Tables) | 9 Months Ended
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Mar. 31, 2019
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 March 31, 2019 |
|  | As Presented |  |  | Impact of ASC 606 |  |  | Balances Without adoption of ASC 606 |
Net sales |  | $ | 193,771 |  |  | $ | (3,324 | ) |  | $ | 190,447 |
Cost of sales |  |  | 131,981 |  |  |  | (2,460 | ) |  |  | 129,521 |
Gross profit |  |  | 61,790 |  |  |  | (864 | ) |  |  | 60,926 |
Provision for income taxes |  |  | 3,833 |  |  |  | (250 | ) |  |  | 3,583 |
Income from continuing operations |  |  | 7,304 |  |  |  | (614 | ) |  |  | 6,690 |
Income (loss) from discontinued operations, net of income taxes |  |  | 18,965 |  |  |  | - |  |  |  | 18,965 |
Net income (loss) |  | $ | 26,269 |  |  | $ | (614 | ) |  | $ | 25,655 |
|  | Nine Months Ended March 31, 2019 |
|  | As Presented |  |  | Impact of ASC 606 |  |  | Balances Without adoption of ASC 606 |
Net sales |  | $ | 582,380 |  |  | $ | (9,179 | ) |  | $ | 573,201 |
Cost of sales |  |  | 384,402 |  |  |  | (7,742 | ) |  |  | 376,660 |
Gross profit |  |  | 197,978 |  |  |  | (1,437 | ) |  |  | 196,541 |
Provision for income taxes |  |  | 13,535 |  |  |  | (416 | ) |  |  | 13,119 |
Income from continuing operations |  |  | 34,071 |  |  |  | (1,021 | ) |  |  | 33,050 |
Income (loss) from discontinued operations, net of income taxes |  |  | 21,450 |  |  |  | 195 |  |  |  | 21,645 |
Net income (loss) |  | $ | 55,521 |  |  | $ | (826 | ) |  | $ | 54,695 |
As of March 31, 2019 |  | As Presented |  |  | Impact o f ASC 606 |  |  | Balances Without adoption of ASC 606 |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Prepaid Expenses |  | $ | 27,115 |  |  | $ | (10,407 | ) |  | $ | 16,708 |
Inventories |  |  | 103,383 |  |  |  | 7,742 |  |  |  | 111,125 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Income taxes payable |  |  | 4,762 |  |  |  | 84 |  |  |  | 4,846 |
Retained earnings |  |  | 808,417 |  |  |  | 402 |  |  |  | 808,819 |
Disaggregation of Revenue [Table Text Block] |
|  | Three Months Ended |
Revenue by Product Line |  | March 31, 2019 |  |  | March 31, 2018 |
Refrigeration |  | $ | 46,883 |  |  | $ | 52,245 |
Merchandising & Display |  |  | 7,662 |  |  |  | 8,814 |
Pumps |  |  | 9,321 |  |  |  | 9,822 |
Total Food Service Equipment |  |  | 63,866 |  |  |  | 70,881 |
Engraving Services |  |  | 34,505 |  |  |  | 30,375 |
Engraving Products |  |  | 2,630 |  |  |  | 3,374 |
Total Engraving |  |  | 37,135 |  |  |  | 33,749 |
Engineering Technologies Components |  |  | 27,467 |  |  |  | 23,426 |
Electronics |  |  | 50,197 |  |  |  | 51,213 |
Hydraulics Cylinders and System |  |  | 15,106 |  |  |  | 12,878 |
Total Revenue by Product Line |  | $ | 193,771 |  |  | $ | 192,147 |
|  | Nine Months Ended |
Revenue by Product Line |  | March 31, 2019 |  |  | March 31, 2018 |
Refrigeration |  | $ | 153,955 |  |  |  | 168,562 |
Merchandising & Display |  |  | 25,638 |  |  |  | 25,720 |
Pumps |  |  | 25,262 |  |  |  | 27,571 |
Total Food Service Equipment |  |  | 204,855 |  |  |  | 221,853 |
Engraving Services |  |  | 104,159 |  |  |  | 90,499 |
Engraving Products |  |  | 7,443 |  |  |  | 9,958 |
Total Engraving |  |  | 111,602 |  |  |  | 100,457 |
Engineering Technologies Components |  |  | 71,818 |  |  |  | 65,621 |
Electronics |  |  | 154,347 |  |  |  | 144,082 |
Hydraulics Cylinders and System |  |  | 39,758 |  |  |  | 34,969 |
Total Revenue by Product Line |  | $ | 582,380 |  |  |  | 566,982 |
|  | Three Months Ended |  |  | Nine Months Ended |
Net sales |  | March 31, 2019 |  |  | March 31, 2019 |
United States |  | $ | 126,910 |  |  |  | 381,615 |
Asia Pacific |  |  | 25,608 |  |  |  | 81,649 |
EMEA (1) |  |  | 37,271 |  |  |  | 105,775 |
Other Americas |  |  | 3,982 |  |  |  | 13,341 |
Total |  | $ | 193,771 |  |  |  | 582,380 |
|  | Three Months Ended |
Timing of Revenue Recognition |  | March 31, 2019 |  |  | March 31, 2018 |
Products and services transferred at a point in time |  | $ | 184,950 |  |  | $ | 187,970 |
Products transferred over time |  |  | 8,821 |  |  |  | 4,177 |
Net Sales |  | $ | 193,771 |  |  | $ | 192,147 |
|  | Nine Months Ended |
Timing of Revenue Recognition |  | March 31, 2019 |  |  | March 31, 2018 |
Products and services transferred at a point in time |  | $ | 360,948 |  |  | $ | 555,923 |
Products transferred over time |  |  | 21,432 |  |  |  | 11,059 |
Net Sales |  | $ | 582,380 |  |  | $ | 566,982 |
Contract with Customer, Asset and Liability [Table Text Block] |
|  | Balance at Beginning of Period |  |  | Additions |  |  | Deductions |  |  | Balance at End of Period |
Nine months ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 5,655 |  |  | $ | 23,500 |  |  | $ | 24,844 |  |  | $ | 4,311 |
Unbilled services |  |  | 5,904 |  |  |  | 13,708 |  |  |  | 8,938 |  |  |  | 10,674 |
Contract liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer deposits |  |  | 2,552 |  |  |  | 4,612 |  |  |  | 1,881 |  |  |  | 5,283 |
|  | March 31, 2019 |
Revenue recognized in the period from: |  | Three months ended |  |  | Nine months ended |
Amounts included in the contract liability balance at the beginning of the period |  | $ | 1,378 |  |  | $ | 1,881 |

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