Business Segments

3 Months Ended

Sep. 30, 2011

Business Segments [Abstract]

Business Segments [Text Block]

E. Business Segments

The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy duty off-highway power transmission equipment.  Principal products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.  The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets.

The Company has two reportable segments: manufacturing and distribution. These segments are managed separately because each provides different services and requires different technology and marketing strategies. The accounting practices of the segments are the same as those described in the summary of significant accounting policies. Transfers among segments are at established inter-company selling prices.  Management evaluates the performance of its segments based on net earnings.

Information about the Company's segments is summarized as follows (in thousands):

	Three Months Ended
	Sep. 30,	Sep. 24,
	2011	2010
Manufacturing segment sales	$70,983	$50,802
Distribution segment sales	34,094	28,544
Inter/Intra segment elimination - manufacturing	(19,670)	(14,468)
Inter/Intra segment elimination - distribution	(4,077)	(3,483)
Net sales	$81,330	$61,395
Manufacturing segment net earnings	$8,802	$4,155
Distribution segment net earnings	2,006	1,230
Corporate and eliminations	(1,227)	(2,729)
Earnings (loss) before income taxes
and noncontrolling interest	$9,581	$2,656
	Sep. 30,	June 30,
Assets	2011	2011
Manufacturing segment assets	$281,638	$271,454
Distribution segment assets	55,886	54,028
Corporate assets and elimination
of inter-company assets	(21,094)	(16,362)
	$316,430	$309,120