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Note 17 - Industry Segment Information
 3 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

17)

Industry Segment Information

 

In the fourth quarter of fiscal year 2020, the Company reviewed the quantitative and qualitative characteristics of its remaining businesses and determined that it has seven operating segments that aggregate to five reportable segments.  The reportable segments are organized around the types of products sold:

 

 

•

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

 

•

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; 
 

•

Scientific – specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets; 

 

•

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; 

 

•

Specialty Solutions – an aggregation of three operating segments that manufacture and sell refrigerated, heated and dry merchandizing display cases, custom fluid pump solutions, and single and double acting telescopic and piston rod hydraulic cylinders. 

 

All periods presented have been revised accordingly to reflect the new reportable segments.

 

Net sales and income (loss) from continuing operations by segment for the three months ended September 30, 2020 and 2019 were as follows (in thousands):

 

  

Three Months Ended September 30,

 
  

Net Sales

  

Income from Operations

 
  

2020

  

2019

  

2020

  

2019

 

Segment:

                
Electronics $55,271  $46,617  $8,535  $8,099 
Engraving  36,401   38,431   5,873   6,537 
Scientific  16,663   14,750   4,076   3,705 
Engineering Technologies  17,633   24,644   469   3,359 
Specialty Solutions  25,318   31,536   3,906   5,648 
Corporate  -   -   (6,992)  (9,284)
Restructuring costs  -   -   (1,488)  (1,479)
Acquisition-related costs  -   -   (25)  (734)

Sub-total

 $151,286  $155,978  $14,354  $15,851 
Interest expense          1,484   2,121 
Other non-operating (income)          (173)  (920)

Income from continuing operations before income taxes

         $13,043  $14,650 

 

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).