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Note 16 - Industry Segment Information
 6 Months Ended
Dec. 31, 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 December 31,

  
   

Net Sales

    

Income from Operations

  
   

2021

    

2020

    

2021

    

2020

  

Industry segment:

                                

Electronics

   $ 76,626     $ 60,156     $ 17,157     $ 9,962  

Engraving

     36,644       37,950       5,204       6,501  

Scientific

     24,636       17,893       5,490       4,234  

Engineering Technologies

     18,095       17,507       2,314       1,363  

Specialty Solutions

     29,708       22,777       3,738       3,211  

Corporate

     -       -       (8,662 )     (7,454 )

Restructuring costs

     -       -       (843 )     (509 )

Acquisition related costs

     -       -       (925 )     (570 )

Other operating income (expense), net

     -       -       (1,700 )     -  

Sub-total

   $ 185,709     $ 156,283     $ 21,773     $ 16,738  

Interest expense

                     1,526       1,601  

Other non-operating (income) expense

                     288       (60 )

Income from continuing operations before income taxes

                   $ 19,959     $ 15,197  

 

   

Six Months Ended December 31,

  
   

Net Sales

    

Income from Operations

  
   

2021

    

2020

    

2021

    

2020

  

Industry segment:

                                

Electronics

   $ 152,462     $ 115,427     $ 35,430     $ 18,497  

Engraving

     71,814       74,351       10,078       12,374  

Scientific

     46,165       34,556       9,998       8,310  

Engineering Technologies

     35,668       35,140       3,213       1,831  

Specialty Solutions

     55,210       48,095       6,553       7,117  

Corporate

     -       -       (16,546 )     (14,445 )

Restructuring costs

     -       -       (1,283 )     (1,996 )

Acquisition related costs

     -       -       (1,142 )     (596 )

Other operating income (expense), net

     -       -       (1,700 )     -  

Sub-total

   $ 361,319     $ 307,569     $ 44,601     $ 31,092  

Interest expense

                     3,246       3,086  

Other non-operating (income) expense

                     311       (231 )

Income from continuing operations before income taxes

                   $ 41,044     $ 28,237  

 

 

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.