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Note 17 - Industry Segment Information
 9 Months Ended
Mar. 31, 2020
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:

 

 

•

 Electronics - manufacturing of electronic components for applications throughout the end-user market spectrum;
 

•

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;
 

•

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 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 nine months ended March 31, 2020 and 2019 were as follows (in thousands):

 

   

Three Months Ended March 31,

  
   

Net Sales

    

Income from Operations

  
   

2020

    

2019

    

2020

    

2019

  

Segment:

                                
Electronics   $ 48,069     $ 50,197     $ 8,017     $ 9,418  
Engraving     35,431       37,135       4,472       4,485  
Engineering Technologies     26,730       27,467       3,098       2,800  
Hydraulics     13,549       15,106       2,354       2,242  
Food Service Equipment     31,695       30,550       5,729       5,361  
Corporate                     (6,048 )     (6,104 )
Restructuring costs                     (593 )     (549 )
Acquisition-related costs                     (120 )     (805 )
Other operating (income) expense, net                           -  

Sub-total

   $ 155,474     $ 160,455     $ 16,909     $ 16,848  
Interest expense                     (1,774 )     (3,230 )
Other non-operating expense                     238       (679 )

Income from continuing operations before income taxes

                   $ 15,373     $ 12,939  

 

 

 

   

Nine Months Ended March 31,

  
   

Net Sales

    

Income from Operations

  
   

2020

    

2019

    

2020

    

2019

  

Segment:

                                
Electronics   $ 140,521     $ 154,347     $ 23,892     $ 32,581  
Engraving     112,118       111,602       17,925       18,883  
Engineering Technologies     77,869       71,818       9,879       6,636  
Hydraulics     38,613       39,758       6,698       5,753  
Food Service Equipment     96,029       93,664       19,134       17,224  
Corporate                     (22,688 )     (17,847 )
Restructuring costs                     (2,792 )     (826 )
Acquisition-related costs                     (1,650 )     (2,352 )
Other operating (income) expense, net                           -  

Sub-total

   $ 465,150     $ 471,189     $ 50,398     $ 60,052  
Interest expense                     (5,820 )     (8,598 )
Other non-operating income                     566       (1,694 )

Income from continuing operations before income taxes

                   $ 45,144     $ 49,760  

 

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, 2020 and June 30, 2019 are as follows (in thousands):

 

   

March 31, 2020

    

June 30, 2019

  
Electronics   $ 328,855     $ 332,326  
Engraving     260,520       233,569  
Engineering Technologies     151,801       149,628  
Hydraulics     27,665       28,132  
Food Service Equipment     105,032       100,017  
Corporate & Other     40,652       18,578  
Discontinued Operations     42,397       59,639  

Total

   $ 956,922     $ 921,889