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Note 17 - Industry Segment Information | 12 Months Ended
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Jun. 30, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 17. Industry Segment Information The company operates in the following five reportable segments organized around the types of products sold. The Company has aggregated its operating segments into its reportable segments where they contained similar products and economic characteristics, and shared similar types of customers, and production and distribution methods. The Company has determined that its CEO is its Chief Operating Decision Maker (CODM) who is responsible for assessing performance and allocating resources. The CODM primarily evaluates segment performance based on net revenue and does not regularly review specific expense categories at the segment level. Instead, expenses are managed and assessed on a consolidated basis rather than by individual segment. While certain operating expenses may be incurred at the segment level, these are not regularly reviewed by the CODM when evaluating performance or allocating resources. As a result, the Company does not allocate or disclose certain expense details by segment. The CODM primarily reviews these profit measures in comparison to forecasts, trends, key performance targets, and results of industry peers to assess profitability, identify areas for improvement, and make strategic decisions regarding investments and resource allocation within each segment. • Electronics – manufacturing and selling of electronic components for applications throughout the end-user market spectrum; • 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; • Scientific – specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets; • 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; • 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.
|  | 2025 |
(in thousands) |  | Electronics |  |  | Engineering Technologies |  |  | Scientific |  |  | Engraving |  |  | Specialty Solutions |  |  | Total |
Net Sales |  | $ | 400,130 |  |  | $ | 102,595 |  |  | $ | 72,380 |  |  | $ | 128,360 |  |  | $ | 86,642 |  |  | $ | 790,107 |
Segment Expenses |  |  | (312,203 | ) |  |  | (87,167 | ) |  |  | (54,910 | ) |  |  | (110,713 | ) |  |  | (71,801 | ) |  |  | (636,794 | )
Segment operating income |  |  | 87,927 |  |  |  | 15,428 |  |  |  | 17,470 |  |  |  | 17,647 |  |  |  | 14,841 |  |  |  | 153,313 |
Corporate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (31,427 | )
Restructuring costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,903 | )
Acquisition related costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (21,434 | )
Income (Loss) From Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 93,549 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (23,931 | )
Other non-operating (expense) income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (808 | )
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 68,810 |
|  | 2024 |
(in thousands) |  | Electronics |  |  | Engineering Technologies |  |  | Scientific |  |  | Engraving |  |  | Specialty Solutions |  |  | Total |
Net Sales |  | $ | 321,956 |  |  | $ | 83,476 |  |  | $ | 68,931 |  |  | $ | 150,685 |  |  | $ | 95,587 |  |  | $ | 720,635 |
Segment Expenses |  |  | (257,926 | ) |  |  | (68,260 | ) |  |  | (49,931 | ) |  |  | (123,977 | ) |  |  | (75,956 | ) |  |  | (576,050 | )
Segment operating income |  |  | 64,030 |  |  |  | 15,216 |  |  |  | 19,000 |  |  |  | 26,708 |  |  |  | 19,631 |  |  |  | 144,585 |
Corporate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (32,183 | )
Restructuring costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,206 | )
(Gain) loss on sale of business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 274 |
Acquisition related costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,622 | )
Other operating (income) expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (110 | )
Income (Loss) From Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 101,738 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,544 | )
Other non-operating (expense) income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,071 | )
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 95,123 |
|  | 2023 |
(in thousands) |  | Electronics |  |  | Engineering Technologies |  |  | Scientific |  |  | Engraving |  |  | Specialty Solutions |  |  | Total |
Net Sales |  | $ | 305,872 |  |  | $ | 81,079 |  |  | $ | 74,924 |  |  | $ | 152,067 |  |  | $ | 127,106 |  |  | $ | 741,048 |
Segment Expenses |  |  | (236,893 | ) |  |  | (70,029 | ) |  |  | (57,815 | ) |  |  | (126,065 | ) |  |  | (101,738 | ) |  |  | (593,080 | )
Segment operating income |  |  | 68,979 |  |  |  | 11,050 |  |  |  | 17,109 |  |  |  | 25,462 |  |  |  | 25,368 |  |  |  | 147,968 |
Corporate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (35,207 | )
Restructuring costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,831 | )
(Gain) loss on sale of business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 62,105 |
Acquisition related costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (557 | )
Other operating (income) expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 611 |
Income (Loss) From Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 171,089 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,405 | )
Other non-operating (expense) income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,735 | )
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 163,949 |
(in thousands) |  | Capital Expenditures (1) |  |  | Depreciation and Amortization |
|  | 2025 |  |  | 2024 |  |  | 2023 |  |  | 2025 |  |  | 2024 |  |  | 2023 |
Electronics |  | $ | 10,062 |  |  | $ | 6,844 |  |  | $ | 16,542 |  |  | $ | 19,936 |  |  | $ | 12,722 |  |  | $ | 11,737 |
Engineering Technologies |  |  | 6,795 |  |  |  | 1,495 |  |  |  | 1,987 |  |  |  | 4,605 |  |  |  | 3,657 |  |  |  | 3,757 |
Scientific |  |  | 780 |  |  |  | 118 |  |  |  | 229 |  |  |  | 1,255 |  |  |  | 1,314 |  |  |  | 1,449 |
Engraving |  |  | 7,235 |  |  |  | 7,953 |  |  |  | 3,347 |  |  |  | 7,818 |  |  |  | 8,716 |  |  |  | 9,646 |
Specialty Solutions |  |  | 2,151 |  |  |  | 3,115 |  |  |  | 2,064 |  |  |  | 1,504 |  |  |  | 1,338 |  |  |  | 1,395 |
Corporate and Other |  |  | 4 |  |  |  | 462 |  |  |  | 43 |  |  |  | 320 |  |  |  | 393 |  |  |  | 490 |
Total |  | $ | 27,027 |  |  | $ | 19,987 |  |  | $ | 24,212 |  |  | $ | 35,438 |  |  | $ | 28,140 |  |  | $ | 28,474 |
| (1) | Includes capital expenditures in accounts payable of $1.8 million, $1.5 million, and $0.3 million at June 30, 2025, 2024, and 2023 respectively.
|  | Goodwill |  |  | Identifiable Assets |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Electronics |  | $ | 459,051 |  |  | $ | 149,910 |  |  | $ | 944,506 |  |  | $ | 435,473 |
Engineering Technologies |  |  | 53,778 |  |  |  | 36,255 |  |  |  | 219,754 |  |  |  | 128,897 |
Scientific |  |  | 15,454 |  |  |  | 15,454 |  |  |  | 108,402 |  |  |  | 104,634 |
Engraving |  |  | 78,996 |  |  |  | 76,605 |  |  |  | 238,088 |  |  |  | 262,317 |
Specialty Solutions |  |  | 3,059 |  |  |  | 3,059 |  |  |  | 40,310 |  |  |  | 41,369 |
Corporate & Other |  |  | - |  |  |  | - |  |  |  | 15,820 |  |  |  | 32,367 |
Total |  | $ | 610,338 |  |  | $ | 281,283 |  |  | $ | 1,566,880 |  |  | $ | 1,005,057 |
Tangible Long-lived assets |  | 2025 |  |  | 2024 |
United States |  | $ | 74,525 |  |  | $ | 56,479 |
Asia Pacific |  |  | 44,427 |  |  |  | 40,207 |
EMEA (2) |  |  | 36,731 |  |  |  | 33,474 |
Other Americas |  |  | 4,681 |  |  |  | 4,803 |
Total |  | $ | 160,364 |  |  | $ | 134,963 |
| (2) | EMEA consists primarily of Europe, Middle East and S. Africa.

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- 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/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 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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