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Note 17 - Industry Segment Information | 6 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 17) 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, tool finishing, project management and design services, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for a number of industries;
| • | Electronics – manufacturing of electronic components for applications throughout the end-user market spectrum;
| • | 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 of single and double-acting telescopic and piston rod hydraulic cylinders; and
| • | Food Service Equipment – a manufacturer of commercial food service equipment and scientific refrigeration equipment;
Net sales and income (loss) from continuing operations by segment for the three and six months ended December 31, 2019 and 2018 were as follows (in thousands):
|  | Three Months Ended December 31, |
|  | Net Sales |  |  | Income from Operations |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engraving |  | $ | 38,256 |  |  | $ | 38,485 |  |  | $ | 6,916 |  |  | $ | 6,849 |
Electronics |  |  | 45,834 |  |  |  | 52,700 |  |  |  | 7,776 |  |  |  | 10,376 |
Engineering Technologies |  |  | 26,495 |  |  |  | 23,568 |  |  |  | 3,422 |  |  |  | 2,061 |
Hydraulics |  |  | 11,316 |  |  |  | 12,116 |  |  |  | 1,818 |  |  |  | 1,929 |
Food Service Equipment |  |  | 68,684 |  |  |  | 68,653 |  |  |  | 6,773 |  |  |  | 5,190 |
Corporate |  |  |  |  |  |  |  |  |  |  | (7,378 | ) |  |  | (5,162 | )
Restructuring costs |  |  |  |  |  |  |  |  |  |  | (720 | ) |  |  | (177 | )
Acquisition-related costs |  |  |  |  |  |  |  |  |  |  | (773 | ) |  |  | (859 | )
Other operating (income) expense, net |  |  |  |  |  |  |  |  |  |  | - |  |  |  | - |
Sub-total |  | $ | 190,585 |  |  | $ | 195,522 |  |  | $ | 17,834 |  |  | $ | 20,207 |
Interest expense |  |  |  |  |  |  |  |  |  |  | (1,928 | ) |  |  | (3,123 | )
Other non-operating expense |  |  |  |  |  |  |  |  |  |  | (588 | ) |  |  | (750 | )
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  | $ | 15,318 |  |  | $ | 16,334 |
|  | Six Months Ended December 31, |
|  | Net Sales |  |  | Income from Operations |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engraving |  | $ | 76,687 |  |  | $ | 74,466 |  |  | $ | 13,454 |  |  | $ | 14,398 |
Electronics |  |  | 92,452 |  |  |  | 104,150 |  |  |  | 15,875 |  |  |  | 23,163 |
Engineering Technologies |  |  | 51,139 |  |  |  | 44,351 |  |  |  | 6,781 |  |  |  | 3,836 |
Hydraulics |  |  | 25,064 |  |  |  | 24,651 |  |  |  | 4,345 |  |  |  | 3,512 |
Food Service Equipment |  |  | 141,681 |  |  |  | 140,991 |  |  |  | 15,145 |  |  |  | 11,857 |
Corporate |  |  |  |  |  |  |  |  |  |  | (16,664 | ) |  |  | (11,743 | )
Restructuring costs |  |  |  |  |  |  |  |  |  |  | (2,199 | ) |  |  | (624 | )
Acquisition-related costs |  |  |  |  |  |  |  |  |  |  | (1,507 | ) |  |  | (1,547 | )
Other operating (income) expense, net |  |  |  |  |  |  |  |  |  |  | 1,045 |  |  |  | - |
Sub-total |  | $ | 387,023 |  |  | $ | 388,609 |  |  | $ | 36,275 |  |  | $ | 42,852 |
Interest expense |  |  |  |  |  |  |  |  |  |  | (4,050 | ) |  |  | (5,368 | )
Other non-operating income |  |  |  |  |  |  |  |  |  |  | 328 |  |  |  | (1,015 | )
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  | $ | 32,553 |  |  | $ | 36,469 |
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, 2019 and June 30, 2019 are as follows (in thousands):
|  | December 31, 2019 |  |  | June 30, 2019 |
Engraving |  | $ | 267,727 |  |  | $ | 233,569 |
Electronics |  |  | 329,239 |  |  |  | 332,326 |
Engineering Technologies |  |  | 153,022 |  |  |  | 149,628 |
Hydraulics |  |  | 26,450 |  |  |  | 28,132 |
Food Service Equipment |  |  | 170,595 |  |  |  | 159,656 |
Corporate & Other |  |  | 20,782 |  |  |  | 18,578 |
Total |  | $ | 967,815 |  |  | $ | 921,889 |

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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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