XML 33 R24.htm IDEA: XBRL DOCUMENT v3.22.1
Note 16 - Industry Segment Information
 9 Months Ended
Mar. 31, 2022
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 March 31,

  
   

Net Sales

    

Income from Operations

  
   

2022

    

2021

    

2022

    

2021

  

Industry segment:

                                

Electronics

   $ 79,889     $ 65,085     $ 19,194     $ 12,364  

Engraving

     37,223       36,026       5,728       4,510  

Scientific

     18,914       24,221       4,155       5,803  

Engineering Technologies

     20,890       19,951       2,327       1,245  

Specialty Solutions

     32,365       26,933       3,632       4,251  

Corporate

     -       -       (8,961 )     (7,162 )

Restructuring costs

     -       -       (1,186 )     (482 )

Loss on sale of business

     -       -       -       (14,624 )

Acquisition related costs

     -       -       (419 )     (255 )

Other operating income (expense), net

     -       -       -       -  

Sub-total

   $ 189,281     $ 172,216     $ 24,470     $ 5,650  

Interest expense

                     1,238       1,317  

Other non-operating (income) expense

                     340       306  

Income from continuing operations before income taxes

                   $ 22,892     $ 4,027  

 

   

Nine Months Ended March 31,

  
   

Net Sales

    

Income from Operations

  
   

2022

    

2021

    

2022

    

2021

  

Industry segment:

                                

Electronics

   $ 232,351     $ 180,524     $ 54,624     $ 30,861  

Engraving

     109,037       110,377       15,806       16,884  

Scientific

     65,079       58,777       14,153       14,113  

Engineering Technologies

     56,558       55,091       5,540       3,076  

Specialty Solutions

     87,575       75,028       10,185       11,368  

Corporate

     -       -       (25,507 )     (21,607 )

Restructuring costs

     -       -       (2,469 )     (2,478 )

Loss on sale of business

     -       -       -       (14,624 )

Acquisition related costs

     -       -       (1,561 )     (850 )

Other operating income (expense), net

     -       -       (1,700 )     -  

Sub-total

   $ 550,600     $ 479,797     $ 69,071     $ 36,743  

Interest expense

                     4,484       4,403  

Other non-operating (income) expense

                     651       73  

Income from continuing operations before income taxes

                   $ 63,936     $ 32,267  

 

 

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.