XML 42 R25.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Note 17 - Industry Segment Information | 12 Months Ended
--- | ---
Jun. 30, 2024
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 17. Industry Segment Information The company has five reportable segments 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 two operating segments that manufacture and sell refrigerated, heated and dry merchandizing display cases, and single and double acting telescopic and piston rod hydraulic cylinders. The Procon business was included in the Specialty Solutions Segment through the date of divestiture in the third quarter of fiscal year 2023. Net sales include only transactions with unaffiliated customers and include no significant intersegment or export sales. Operating income by segment and geographic area excludes general corporate and interest expenses. Assets of the Corporate segment consist primarily of cash, office equipment, and other non-current assets. Given the nature of our corporate expenses, management concluded that it would not presently be appropriate to allocate the expenses associated with corporate activities to our operating segments. These corporate expenses include the costs for the corporate headquarters, salaries and wages for the personnel in corporate, professional fees related to corporate matters and compliance efforts, stock-based compensation and post-retirement benefits related to our corporate executives, officers and directors, and other compliance related costs. The Company has a process to allocate and recharge certain direct costs to the operating segments when such direct costs are administered and paid at corporate. Such direct expenses that are recharged on an intercompany basis each month include such costs as insurance, workers’ compensation programs, and audit fees. The accounting policies applied by the reportable segments are the same as those described in the Summary of Accounting Policies footnote to the consolidated financial statements. There are no differences in accounting policies which would be necessary for an understanding of the reported segment information.
Industry Segments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(in thousands) |  | Net Sales |  |  | Depreciation and Amortization |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Electronics |  | $ | 321,956 |  |  | $ | 305,872 |  |  | $ | 304,290 |  |  | $ | 12,722 |  |  | $ | 11,737 |  |  | $ | 11,803 |
Engraving |  |  | 150,685 |  |  |  | 152,067 |  |  |  | 146,255 |  |  |  | 8,716 |  |  |  | 9,646 |  |  |  | 10,561 |
Scientific |  |  | 68,931 |  |  |  | 74,924 |  |  |  | 83,850 |  |  |  | 1,314 |  |  |  | 1,449 |  |  |  | 1,574 |
Engineering Technologies |  |  | 83,476 |  |  |  | 81,079 |  |  |  | 78,117 |  |  |  | 3,657 |  |  |  | 3,757 |  |  |  | 3,865 |
Specialty Solutions |  |  | 95,587 |  |  |  | 127,106 |  |  |  | 122,827 |  |  |  | 1,338 |  |  |  | 1,395 |  |  |  | 1,541 |
Corporate and Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 393 |  |  |  | 490 |  |  |  | 353 |
Total |  | $ | 720,635 |  |  | $ | 741,048 |  |  | $ | 735,339 |  |  | $ | 28,140 |  |  | $ | 28,474 |  |  | $ | 29,697 |
|  | Income (Loss) From Operations |  |  | Capital Expenditures (1) |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Electronics |  | $ | 64,030 |  |  | $ | 68,979 |  |  | $ | 70,428 |  |  | $ | 6,844 |  |  | $ | 16,542 |  |  | $ | 11,809 |
Engraving |  |  | 26,708 |  |  |  | 25,462 |  |  |  | 21,825 |  |  |  | 7,953 |  |  |  | 3,347 |  |  |  | 6,504 |
Scientific |  |  | 19,000 |  |  |  | 17,109 |  |  |  | 17,861 |  |  |  | 118 |  |  |  | 229 |  |  |  | 278 |
Engineering Technologies |  |  | 15,216 |  |  |  | 11,050 |  |  |  | 8,776 |  |  |  | 1,495 |  |  |  | 1,987 |  |  |  | 1,480 |
Specialty Solutions |  |  | 19,631 |  |  |  | 25,368 |  |  |  | 15,579 |  |  |  | 3,115 |  |  |  | 2,064 |  |  |  | 1,716 |
Restructuring costs |  |  | (8,206 | ) |  |  | (3,831 | ) |  |  | (4,399 | ) |  |  | - |  |  |  | - |  |  |  | - |
Gain (loss) on sale of business |  |  | 274 |  |  |  | 62,105 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Acquisition related costs |  |  | (2,622 | ) |  |  | (557 | ) |  |  | (1,618 | ) |  |  | - |  |  |  | - |  |  |  | - |
Other operating income (expense) |  |  | (110 | ) |  |  | 611 |  |  |  | (5,745 | ) |  |  | - |  |  |  | - |  |  |  | - |
Corporate |  |  | (32,183 | ) |  |  | (35,207 | ) |  |  | (34,413 | ) |  |  | 462 |  |  |  | 43 |  |  |  | 257 |
Total |  | $ | 101,738 |  |  | $ | 171,089 |  |  | $ | 88,294 |  |  | $ | 19,987 |  |  | $ | 24,212 |  |  | $ | 22,044 |
Interest expense |  |  | (4,544 | ) |  |  | (5,405 | ) |  |  | (5,874 | ) |  |  |  |  |  |  |  |  |  |  |  |
Other non-operating (expense) income, net |  |  | (2,071 | ) |  |  | (1,735 | ) |  |  | (1,131 | ) |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations before income taxes |  | $ | 95,123 |  |  | $ | 163,949 |  |  | $ | 81,289 |  |  |  |  |  |  |  |  |  |  |  |  |
| (1) | Includes capital expenditures in accounts payable of $1.5 million, $0.3 million, and $0.1 million at June 30, 2024, 2023, and 2022 respectively.
|  | Goodwill |  |  | Identifiable Assets |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Electronics |  | $ | 149,910 |  |  | $ | 133,432 |  |  | $ | 435,473 |  |  | $ | 384,333 |
Engraving |  |  | 76,605 |  |  |  | 76,583 |  |  |  | 262,317 |  |  |  | 262,960 |
Scientific |  |  | 15,454 |  |  |  | 15,454 |  |  |  | 104,634 |  |  |  | 104,593 |
Engineering Technologies |  |  | 36,255 |  |  |  | 36,293 |  |  |  | 128,897 |  |  |  | 120,176 |
Specialty Solutions |  |  | 3,059 |  |  |  | 3,059 |  |  |  | 41,369 |  |  |  | 48,280 |
Corporate & Other |  |  | - |  |  |  | - |  |  |  | 32,367 |  |  |  | 104,587 |
Total |  | $ | 281,283 |  |  | $ | 264,821 |  |  | $ | 1,005,057 |  |  | $ | 1,024,929 |
Tangible Long-lived assets |  | 2024 |  |  | 2023 |
United States |  |  | 56,479 |  |  |  | 57,087 |
Asia Pacific |  |  | 40,207 |  |  |  | 34,741 |
EMEA (2) |  |  | 33,474 |  |  |  | 33,608 |
Other Americas |  |  | 4,803 |  |  |  | 5,501 |
Total |  | $ | 134,963 |  |  | $ | 130,937 |
| (2) | EMEA consists primarily of Europe, Middle East and S. Africa.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration