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Note 16 - Industry Segment Information
 3 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

16)     Industry Segment Information

 

The Company has five reportable segments organized around the types of products sold:

 

 

•

Electronics – manufactures and sells 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 – sells 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. 

 

 

Net sales and income (loss) from continuing operations by segment were as follows (in thousands):

 

  

Three Months Ended September 30,

 
  

Net Sales

  

Income from Operations

 
  

2021

  

2020

  

2021

  

2020

 

Industry segment:

                

Electronics

 $75,836  $55,271  $18,273  $8,535 

Engraving

  35,170   36,401   4,874   5,873 

Scientific

  21,529   16,663   4,508   4,076 

Engineering Technologies

  17,573   17,633   899   469 

Specialty Solutions

  25,502   25,318   2,815   3,906 

Corporate

  -   -   (7,884)  (6,992)

Restructuring costs

  -   -   (440)  (1,488)

Acquisition related costs

  -   -   (217)  (25)

Sub-total

 $175,610  $151,286  $22,828  $14,354 

Interest expense

          1,720   1,484 

Other non-operating (income) expense

          23   (173)

Income from continuing operations before income taxes

         $21,085  $13,043 

 

 

 

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.