10-K/A

	UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549
	FORM 10-K/A Amendment No. 1
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30, 2013		Commission File Number 1-7233
STANDEX INTERNATIONAL CORPORATION
(Exact name of registrant as specified in its Charter)
DELAWARE		31-0596149
(State of incorporation)		(I.R.S. Employer Identification No.)
11 KEEWAYDIN DRIVE, SALEM, NEW HAMPSHIRE			03079
(Address of principal executive offices)			(Zip Code)
(603) 893-9701
(Registrant’s telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934:
Title of Each Class				Name of Each Exchange on Which Registered
Common Stock, Par Value $1.50 Per Share				New York Stock Exchange

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

YES [   ]     NO [X]

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

YES [   ]     NO [X]

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    YES [X]     NO [   ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  YES [X]     NO [   ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [   ]

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (Check one):  

Large accelerated filer  __                    Accelerated filer  X                    Non-accelerated filer  __                  Smaller Reporting Company __

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

YES [   ]     NO [X]

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant at the close of business on December 31, 2012 was approximately $656,000,000.  Registrant’s closing price as reported on the New York Stock Exchange for December 31, 2012 was $51.29 per share.

The number of shares of Registrant's Common Stock outstanding on August 21, 2013 was 12,697,067

DOCUMENTS INCORPORATED BY REFERENCE

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Portions of the Proxy Statement for the Registrant’s 2013 Annual Meeting of Stockholders (the “Proxy Statement”) are incorporated by reference into Part III of this report.

EXPLANATORY NOTE

The sole purpose of this Amendment No. 1 to Standex International Corporation’s Annual report on Form 10-K for the fiscal year ended June 30, 2013 (the “Form 10-K”), filed with the Securities and Exchange Commission on August 27, 2013 is to correct and refile Exhibits 31.2 and 32, which were erroneously filed without the electronic signatures.

No changes have been made to the Form 10-K other than those described above.  This Form 10-K/A speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date of the Form 10-K and does not modify or update in any way disclosures made in the Form 10-K.

Forward Looking Statement

Statements contained in this Annual Report on Form 10-K that are not based on historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as “should,” “could,” "may," “will,” “expect," "believe," "estimate," "anticipate," ”intends,” "continue," or similar terms or variations of those terms or the negative of those terms.  There are many factors that affect the Company’s business and the results of its operations and may cause the actual results of operations in future periods to differ materially from those currently expected or desired.  These factors include, but are not limited to material adverse or unforeseen legal judgments, fines, penalties or settlements, conditions in the financial and banking markets, including fluctuations in exchange rates and the inability to repatriate foreign cash, general and international recessionary economic conditions, including the impact, length and degree of the current slow growth conditions on the customers and markets we serve and more specifically conditions in the food service equipment, automotive, construction, aerospace, energy, transportation and general industrial markets, lower-cost competition, the relative mix of products which impact margins and operating efficiencies, both domestic and foreign, in certain of our businesses, the impact of higher raw material and component costs, particularly steel, petroleum based products and refrigeration components, an inability to realize the expected cost savings from restructuring activities, effective completion of plant consolidations, cost reduction efforts, restructuring including procurement savings and productivity enhancements, capital management improvements, strategic capital expenditures, and the implementation of lean enterprise manufacturing techniques, the inability to achieve the savings expected from the sourcing of raw materials from and diversification efforts in emerging markets, the inability to attain expected benefits from strategic alliances or acquisitions and the inability to achieve synergies contemplated by the Company.  Other factors that could impact the Company include changes to future pension funding requirements. In addition, any forward-looking statements represent management's estimates only as of the day made and should not be relied upon as representing management's estimates as of any subsequent date.  While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management's estimates change.

PART I

Item 1.  Business

Standex International Corporation (“Standex”, the “Company" or "we" (1)) was incorporated in 1975 and is the successor of a corporation organized in 1955.  We have paid dividends each quarter since Standex became a public corporation in November 1964.  

We are a leading manufacturer of a variety of products and services for diverse industrial market segments.  We have 11 operating segments, aggregated and organized for reporting purposes into five segments:  Food Service Equipment Group, Engraving Group, Engineering Technologies Group, Electronics Products Group and Hydraulics Products Group.  Overall management, strategic development and financial control are maintained by the executive staff from our corporate headquarters located in Salem, New Hampshire.  

Our corporate strategy has several primary components.

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It is our objective to grow larger and more profitable business units through both organic initiatives and acquisitions.  On an ongoing basis we identify and implement organic growth initiatives such as new product development, geographic expansion, introduction of products and technologies into new markets and applications and leveraging of sales synergies between business units, key accounts and strategic sales channel partners.  Also, we utilize strategically aligned or “bolt on” acquisitions to create both sales and cost synergies with our core business platforms to accelerate their growth and margin improvement.  There is a particular focus on identifying and investing in

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opportunities to increase the global presence and capabilities of our businesses.  From time to time we have divested businesses that we felt were not strategic or did not meet our growth and return expectations.

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Our focus is on the growth and development of businesses that provide customer solutions or engineered products that provide higher levels of added value to our customers.  These types of businesses generally demonstrate the ability to sustain sales and profit growth over time and provide superior operating margins to enhance shareholder returns.

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We have a focus on operational excellence through the continuous improvement in the cost structure of our businesses and in management of working capital.  We recognize that our businesses are competing in a global economy that requires that we constantly strive to improve our competitive position.  We have deployed a number of management competencies including lean enterprise, the use of low cost manufacturing facilities in countries such as Mexico, India, and China, the consolidation of manufacturing facilities to achieve economies of scale and leveraging of fixed infrastructure costs, alternate sourcing to achieve procurement cost reductions, and capital improvements to increase shop floor productivity, which drives improvements in the cost structure of our business units.  Further, we have made a priority of improving the utilization and efficiency in the investment of working capital in our business units.

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Finally, we have a constant focus on cash flow generation.  We recognize that cash flow is fundamental in our ability to invest in organic and acquisitive growth for our business units and return cash to our shareholders in the form of dividend to reflect the measure of quality from the earnings that we generate over time.

(1)

References in this Annual Report on Form 10-K to "Standex" or the "Company" or “we,” “our” or “us” shall mean Standex International Corporation and its subsidiaries.

(2)

Unless otherwise noted, references to years are to fiscal years.

Please visit our web site at www.standex.com to learn more about us or to review our most recent SEC filings.  The information on our web site is for informational purposes only and is not incorporated into this Annual Report on Form 10-K.

Description of Segments

Food Service Equipment Group

Our Food Service Equipment businesses are leading, broad-line manufacturers of commercial food service equipment which includes products on the “cold” or in the refrigerated segment of food service applications and on the “hot” or in the cooking, warming or holding segment of the market.  Our products are used throughout the entire commercial food service process; from storage, to preparation, to cooking and to display.  The equipment that we design and manufacture is utilized in restaurants, convenience stores, quick-service restaurants, supermarkets, drug stores and institutions such as hotels, casinos and both corporate and school cafeterias to meet the challenges of providing food and beverages that are fresh and appealing while at the same time providing for food safety, energy efficiency and reliability of the equipment performance.  The Food Service Equipment Group also applies technology and product expertise in the health science and medical markets.  Customers in this segment include laboratories, health care institutions, and blood banks.  Our products are sold direct, through dealer buying groups and through industry representatives.  Through innovation and acquisition, we continue to expand this segment.  Our brands and products include:  

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Master-Bilt® and Kool Star® refrigerated reach-in and under counter refrigerated cabinets, cases, display units, and walk-in coolers and freezers

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Nor-Lake, Incorporated walk-in coolers and freezers and reach-in and under counter refrigerated cabinets to meet food service and scientific needs

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APW Wyott®, American Permanent Ware, Bakers Pride®, Tri-Star and BevLes® commercial ranges, ovens, griddles, char broilers, holding cabinets, toasters and combination steam and convection ovens used in cooking, toasting, warming and merchandising food

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American Foodservice custom-fabricated food service counter systems, buffet tables and cabinets

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Barbecue King® and BKI® commercial cook and hold units, rotisseries, pressure fryers, ovens and baking equipment

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Federal Industries merchandizing display cases

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Procon® rotary vane pumps used in beverage and industrial fluid handling applications

Engraving Group

Our Engraving Group is a world leader in texturizing molds used in the production of plastic components, giving the final product the cosmetic appearance and appeal that consumers require.  We provide texturizing services for molds used in  

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produce plastic components, automotive applications, and consumer products including household items made of plastic, toys, computers, and electronic devices.  Our worldwide locations enable us to better serve our customers within key geographic areas, including the United States, Canada, Europe, China, India, Southeast Asia, Korea, Australia, South Africa, and South America.  In addition to mold texturizing, the Engraving Group also produces embossed and engraved rolls and plates and process tooling and machinery serving a wide variety of industries.  Through the development of new digital based process technology, new “green field” facilities particularly focused on expansion in emerging markets, and acquisitions, the Engraving Group continues to build its market leadership position and to expand the breadth of products and services it provides to its customers on a global basis.  The companies and products within the Engraving Group include Roehlen®, Eastern Engraving and I R International which engrave and emboss rolls and plates used in manufacturing continuous length materials; Innovent which makes specialized tooling used to manufacture absorbent cores of many consumer and medical products; Mold-Tech® which texturizes molds used in manufacturing plastic injected components; Mullen® Burst Testers; and; Perkins providing customized texturing solutions for every application.  Our products are primarily sold direct through our global sales network.  The Engraving Group serves a number of industries including the automotive, plastics, building products, synthetic materials, converting, textile and paper industry, computer, housewares, and construction industries.  

Engineering Technologies Group

The Company’s Engineering Technologies Group consists of the Spincraft unit, with locations in North Billerica, Massachusetts and New Berlin, Wisconsin, and Metal Spinners Group, located in Newcastle, UK.  The group provides single-source customized solutions using a wide variety of world-class precision manufacturing capabilities, including metal spinning, heat treating, machining, press forming and other fabrication services for virtually all workable metal alloys.  Our components and assemblies can be found in a wide variety of advanced applications and sales are made directly to our customers in the aerospace, aviation, defense, energy, industrial, medical, marine, and oil and gas markets.   

Electronics Products Group

Our Electronics Products Group consists of Standex Electronics and Standex Meder Electronics, which manufactures reed switches, electrical connectors, sensors, toroids and relays, fixed and variable inductors and electronic assemblies, fluid sensors, tunable inductors, transformers and magnetic components.  Sales are made both directly to customers and through manufacturers’ representatives, dealers and distributors.  End user market segments include automotive, white goods, lighting, HVAC, aerospace, military, medical, security, and general industrial applications.

Our investment in Meder more than doubled the size of our Electronics Products Group, allowed us to complement our existing electronics business with significantly broadened product line offerings, end-user markets, and manufacturing support that will enhanced our global footprint for sales coverage and profitable growth.

Hydraulics Products Group

Our Hydraulics Products Group is a leader in mobile hydraulic cylinders including single or double acting telescopic and piston rod hydraulic cylinders.  Custom Hoists Inc. a global supplier and manufacturer of our hydraulic cylinders used in the production of both dump trucks and dump trailers, related to refuse, and other material handling applications.  Sales are made directly to OEMs manufacturing dump trucks, trash collection vehicles, lift trucks and other mobile units requiring hydraulic power.

Raw Materials

Raw materials and components necessary for the manufacture of our products are generally available from numerous sources.  Generally, we are not dependent on a single source of raw materials and supplies.  We do not foresee unavailability of materials or supplies which would have a significant adverse effect on any of our businesses, nor any of our segments, in the near term.  The prices of many commodities that we use generally remain at higher levels than in past years.  Discussion of the impacts of these materials is included in Management’s Discussion and Analysis.  

Seasonality

We are a diversified business with generally low levels of seasonality, however our fiscal third quarter is typically the period with the lowest level of sales volume.

Patents and Trademarks

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We hold approximately 70 United States patents and patents pending covering processes, methods and devices and approximately 30 United States trademarks.  Many counterparts of these patents have also been registered in various foreign countries.  In addition, we have various foreign registered and common law trademarks.  

While we believe that many of our patents are important, we credit our competitive position in our niche markets to engineering capabilities, manufacturing techniques and skills, marketing and sales promotions, service and the delivery of quality products.  

Due to the diversity of our businesses and the markets served, the loss of any single patent or trademark would not, in our opinion, materially affect any individual segment.  

Customers

Our business is not dependent upon a single customer or a few large customers, the loss of any one of which would have a material adverse effect on our operations.  No customer accounted for more than 5% of our consolidated revenue in fiscal 2013 or any of the years presented.  

Working Capital

Our primary source of working capital is the cash generated from continuing operations.  No segments require any special working capital needs outside of the normal course of business.  

Backlog

Backlog orders believed to be firm at June 30, 2013 and 2012 are as follows (in thousands):  

		2013		2012
Food Service Equipment	$	$45,371	$	48,782
Engraving		11,116		11,443
Engineering Technologies		55,356		51,756
Electronics		28,671		16,732
Hydraulics		2,688		2,892
Total		143,202		131,605
Net realizable beyond one year		10,322		11,914
Net realizable within one year	$	$132,880	$	119,691

Competition

Standex manufactures and markets products many of which have achieved a unique or leadership position in their market.  However, we encounter competition in varying degrees in all product groups and for each product line.  Competitors include domestic and foreign producers of the same and similar products.  The principal methods of competition are product performance and technology, price, delivery schedule, quality of services, and other terms and conditions.

International Operations

Our International operations are included in Food Service Equipment, Engraving, Engineering Technologies, Electronics Products and Hydraulics Products business segments.  International operations are conducted at 40 locations, in Europe, Canada, China, India, Singapore, Korea, Australia, Mexico, Brazil, and South Africa.  See the Notes to Consolidated Financial Statements for international operations financial data.  Our international operations contributed approximately 26% of operating revenues in 2013 and 23% in 2012.  International operations are subject to certain inherent risks in connection with the conduct of business in foreign countries including, exchange controls, price controls, limitations on participation in local enterprises, nationalizations, expropriation and other governmental action and changes in currency exchange rates.  

Research and Development

Developing new and improved products, broadening the application of established products, continuing efforts to improve our methods, processes, and equipment continues to driven our success.  However, due to the nature of our manufacturing

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operations and the types of products manufactured, expenditures for research and development are not significant to any individual segment or in the aggregate.  Research and development costs are quantified in the Notes to Consolidated Financial Statements.  We develop and design new products to meet customer needs or in order to offer enhanced products or to provide customized solutions for customers.  

Environmental Matters

To the best of our knowledge, we believe that we are presently in substantial compliance with all existing applicable environmental laws and regulations and do not anticipate any instances of non-compliance that will have a material effect on our future capital expenditures, earnings or competitive position.  

Financial Information about Geographic Areas

Information regarding revenues from external customers attributed to the United States, all foreign countries and any individual foreign country, if material, is contained in the Notes to Consolidated Financial Statements for “Industry Segment Information.”  

Number of Employees

As of June 30, 2013, we employed approximately 4,400 employees of which approximately 2,000 were in the United States.  About 300 of our U.S. employees were represented by unions.  Approximately 38% of our production workforce is situated in low-cost manufacturing regions such as Mexico, Brazil and Asia.  

Executive Officers of Standex

The executive officers of the Company as of June 30, 2013 were as follows:

Name	Age	Principal Occupation During the Past Five Years
Roger L. Fix	60	Chief Executive Officer of the Company since January 2003; President of the Company since December 2001 and Chief Operating Officer of the Company from December 2001 to December 2002.
Thomas D. DeByle	53	Vice President and Chief Financial Officer of the Company since March 2008.
Deborah A. Rosen	58	Chief Legal Officer of the Company since October 2001; Vice President of the Company since July 1999.
John Abbott	54	Group Vice President of the Food Service Group since December 2006.

The executive officers are elected each year at the first meeting of the Board of Directors subsequent to the annual meeting of stockholders, to serve for one-year terms of office.  There are no family relationships among any of the directors or executive officers of the Company.

Long-Lived Assets

Long-lived assets are described and discussed in the Notes to Consolidated Financial Statements under the caption “Long-Lived Assets.”  

Available Information

Standex’s corporate headquarters are at 11 Keewaydin Drive, Salem, New Hampshire 03079, and our telephone number at that location is (603) 893-9701.

The U.S. Securities and Exchange Commission (the “SEC”) maintains an internet website at http://www.sec.gov that contains our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and proxy statements, and all amendments thereto.  All reports that we file with the SEC may be read and copied at the SEC’s Public Reference Room at 100 F Street, N.E., Washington, DC 20549. Information about the operation of the Public Reference Room can be obtained by calling the SEC at 1-800-SEC-0330. Standex’s internet website address is www.standex.com.  Our annual reports on

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Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and proxy statements, and all amendments thereto, are available free of charge on our website as soon as reasonably practicable after such reports are electronically filed with, or furnished to, the SEC.  In addition, our code of business conduct, our code of ethics for senior financial management, our corporate governance guidelines, and the charters of each of the committees of our Board of Directors (which are not deemed filed by this reference), are available on our website and are available in print to any Standex shareholder, without charge, upon request in writing to “Chief Legal Officer, Standex International Corporation, 11 Keewaydin Drive, Salem, New Hampshire, 03079.”

The certifications of Standex’s Chief Executive Officer and Chief Financial Officer, as required by the rules adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, are filed as exhibits to this Form 10-K.  

Item 1A.  Risk Factors

An investment in the Company’s common shares involves various risks, including those mentioned below and those that are discussed from time to time in our other periodic filings with the SEC.  Investors should carefully consider these risks, along with the other information filed in this report, before making an investment decision regarding our common shares.  All of these risks could have a material adverse effect on our financial condition, results of operations and/or value of our common shares.

A continuation of the deterioration in the economic environment could adversely affect our operating results and financial condition.

Recessionary economic conditions coupled with a tightening of credit could continue to adversely impact major markets served by our businesses, including cyclical markets such as automotive, heavy construction vehicle, general industrial and food service.  A continuation of the economic recession could adversely affect our business by:

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reducing demand for our products and services, particularly in markets where demand for our products and services is cyclical;

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causing delays or cancellations of orders for our products or services;

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reducing capital spending by our customers;

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increasing price competition in our markets;

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increasing difficulty in collecting accounts receivable;

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increasing the risk of excess or obsolete inventories;

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increasing the risk of impairment to long-lived assets due to reduced use of manufacturing facilities;

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increasing the risk of supply interruptions that would be disruptive to our manufacturing processes; and

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reducing the availability of credit for our customers.

We rely on our credit facility to provide us with sufficient capital to operate our businesses.

We rely on our revolving credit facility to provide us with sufficient capital to operate our businesses.  The availability of borrowings under our revolving credit facility is dependent upon our compliance with the covenants set forth in the facility, including the maintenance of certain financial ratios.  Our ability to comply with these covenants is dependent upon our future performance, which is subject to economic conditions in our markets along with factors that are beyond our control.  Violation of those covenants could result in our lenders restricting or terminating our borrowing ability under our credit facility, cause us to be liable for covenant waiver fees or other obligations, or trigger an event of default under the terms of our credit facility, which could result in acceleration of the debt under the facility and require prepayment of the debt before its due date.  Even if new financing is available in the event of a default under our current credit facility, the interest rate charged on any new borrowing could be substantially higher than under the current credit facility, thus adversely affecting our overall financial condition.  If our lenders reduce or terminate our access to amounts under our credit facility, we may not have sufficient capital to fund our working capital needs or we may need to secure additional capital or financing to fund our working capital requirements or to repay outstanding debt under our credit facility.

Our credit facility contains covenants that restrict our activities.

Our revolving credit facility contains covenants that restrict our activities, including our ability to:

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incur additional indebtedness;

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make investments;

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create liens;

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pay cash dividends to shareholders unless we are in compliance with the financial covenants set forth in the credit facility; and

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sell material assets.

Our global operations subject us to international business risks.

We operate in 40 locations outside of the United States in Europe, Canada, China, India, Singapore, Korea, Australia, Mexico, Brazil, and South Africa.  If we are unable to successfully manage the risks inherent to the operation and expansion of our global businesses, those risks could have a material adverse effect on our business, results of operations or financial condition.  Those international business risks include:

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fluctuations in currency exchange rates;

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restrictions on repatriation of earnings;

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import and export controls;

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political, social and economic instability or disruptions;

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potential adverse tax consequences;

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difficulties in staffing and managing multi-national operations;

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difficulties in our ability to enforce legal rights and remedies; and

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changes in regulatory requirements.

Failure to achieve expected savings and synergies could adversely impact our operating profits and cash flows.

We focus on improving profitability through lean enterprise, low cost sourcing and manufacturing initiatives, improving working capital management, developing new and enhanced products, consolidating factories where appropriate, automating manufacturing processes, diversification efforts and completing acquisitions which deliver synergies to supplement sales and growth.  If we were unable to successfully execute these programs, this failure could adversely affect our operating profits and cash flows.  In addition, actions we may take to consolidate manufacturing operations to achieve cost savings or adjust to market developments may result in restructuring charges that adversely affect our profits.

Violation of anti-bribery or similar laws by our employees, business partners or agents could result in fines, penalties, damage to our reputation or other adverse consequences.

We cannot assure that our internal controls, code of conduct and training of our employees will provide complete protection from reckless or criminal acts of our employees, business partners or agents that might violate US or international laws relating to anti-bribery or similar topics.  An action resulting in a violation of these laws could subject us to civil or criminal investigations that could result in substantial civil or criminal fines and penalties and which could damage our reputation.

We face significant competition in our markets and, if we are not able to respond to competition in our markets, our net sales, profits and cash flows could decline.

Our businesses operate in highly competitive markets.  In order to effectively compete, we must retain long standing relationships with significant customers, offer attractive pricing, develop enhancements to products that offer performance features that are superior to our competitors and which maintain our brand recognition, continue to automate our manufacturing capabilities, continue to grow our business by establishing relationships with new customers, diversify into emerging markets and penetrate new markets.  If we are unable to compete effectively, our net sales, profitability and cash flows could decline.  Pricing pressures resulting from competition may adversely affect our net sales and profitability.

If we are unable to successfully introduce new products and product enhancements, our future growth could be impaired.

Our ability to develop new products and innovations to satisfy customer needs or demands in the markets we serve can affect our competitive position and often requires significant investment of resources.  Difficulties or delays in research, development or production of new products and services or failure to gain market acceptance of new products and technologies may significantly reduce future net sales and adversely affect our competitive position.

Increased prices or significant shortages of the commodities that we use in our businesses could result in lower net sales, profits and cash flows.

We purchase large quantities of steel, refrigeration components, freight services, foam insulation and other metal commodities for the manufacture of our products.  Historically, prices for commodities have fluctuated, and we are unable to

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enter into long term contracts or other arrangements to hedge the risk of price increases in many of these commodities.  Significant price increases for these commodities could adversely affect our operating profits if we cannot timely mitigate the price increases by successfully sourcing lower cost commodities or by passing the increased costs on to customers.  Shortages or other disruptions in the supply of these commodities could delay sales or increase costs.

An inability to identify or complete future acquisitions could adversely affect our future growth.

As part of our growth strategy, we intend to pursue acquisitions that provide opportunities for profitable growth for our businesses and which enable us to leverage our competitive strengths.  While we continue to evaluate potential acquisitions, we may not be able to identify and successfully negotiate suitable acquisitions, obtain financing for future acquisitions on satisfactory terms, obtain regulatory approval for certain acquisitions or otherwise complete acquisitions in the future.  An inability to identify or complete future acquisitions could limit our future growth.

We may experience difficulties in integrating acquisitions.

Integration of acquired companies involves a number of risks, including:

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inability to operate acquired businesses profitably;

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failure to accomplish strategic objectives for those acquisitions;

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unanticipated costs relating to acquisitions or to the integration of the acquired businesses;

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difficulties in achieving planned cost savings and synergies; and

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possible future impairment charges for goodwill and non-amortizable intangible assets that are recorded as a result of acquisitions.

Additionally, our level of indebtedness may increase in the future if we finance acquisitions with debt, which would cause us to incur additional interest expense and could increase our vulnerability to general adverse economic and industry conditions and limit our ability to service our debt or obtain additional financing.  We cannot assure that future acquisitions will not have a material adverse effect on our financial condition, results of operations and cash flows.

Impairment charges could reduce our profitability.

We test goodwill and our other intangible assets with indefinite useful lives for impairment on an annual basis or on an interim basis if an event occurs that might reduce the fair value of the reporting unit below its carrying value.  Various uncertainties, including continued adverse conditions in the capital markets or changes in general economic conditions, could impact the future operating performance at one or more of our businesses which could significantly affect our valuations and could result in additional future impairments.  The recognition of an impairment of a significant portion of goodwill would negatively affect our results of operations and could be a material effect to us.  

Material adverse or unforeseen legal judgments, fines, penalties or settlements could have an adverse impact on our profits and cash flows.

We are and may, from time to time, become a party to legal proceedings incidental to our businesses, including, but not limited to, alleged claims relating to product liability, environmental compliance, patent infringement, commercial disputes and employment matters.  In accordance with United States generally accepted accounting principles, we have established reserves based on our assessment of contingencies.  Subsequent developments in legal proceedings may affect our assessment and estimates of loss contingencies recorded as reserves which could require us to record additional reserves or make material payments which could adversely affect our profits and cash flows.  Even the successful defense of legal proceedings may cause us to incur substantial legal costs and may divert management's time and resources away from our businesses.

The costs of complying with existing or future environmental regulations, and of correcting any violations of these regulations, could increase our expenses and reduce our profitability.

We are subject to a variety of environmental laws relating to the storage, discharge, handling, emission, generation, use and disposal of chemicals, hazardous waste and other toxic and hazardous materials used to manufacture, or resulting from the process of manufacturing, our products.  We cannot predict the nature, scope or effect of regulatory requirements to which our operations might be subject or the manner in which existing or future laws will be administered or interpreted.  We are also exposed to potential legacy environmental risks relating to businesses we no longer own or operate.  Future regulations could be applied to materials, products or activities that have not been subject to regulation previously.  The costs of complying with new or more stringent regulations, or with more vigorous enforcement of these or existing regulations, could be significant.

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In addition, properly permitted waste disposal facilities used by us as a legal and legitimate repository for hazardous waste may in the future become mismanaged or abandoned without our knowledge or involvement.  In such event, legacy landfill liability could attach to or be imposed upon us in proportion to the waste deposited at any disposal facility.

Environmental laws require us to maintain and comply with a number of permits, authorizations and approvals and to maintain and update training programs and safety data regarding materials used in our processes.  Violations of these requirements could result in financial penalties and other enforcement actions.  We could be required to halt one or more portions of our operations until a violation is cured.  Although we attempt to operate in compliance with these environmental laws, we may not succeed in this effort at all times.  The costs of curing violations or resolving enforcement actions that might be initiated by government authorities could be substantial.

Contingent liabilities from businesses that we have sold could adversely affect our results of operations and financial condition.

We have retained responsibility for some of the known and unknown contingent liabilities related to a number of businesses we have sold, such as lawsuits, tax liabilities, product liability claims, multiemployer plan withdrawal liabilities and environmental matters and have agreed to indemnify purchasers of these businesses for certain of those contingent liabilities.  

The trading price of our common stock has been volatile, and investors in our common stock may experience substantial losses.

The trading price of our common stock has been volatile and may become volatile again in the future.  The trading price of our common stock could decline or fluctuate in response to a variety of factors, including:

•

our failure to meet the performance estimates of securities analysts;

•

changes in financial estimates of our net sales and operating results or buy/sell recommendations by securities analysts;

•

fluctuations in our quarterly operating results;

•

substantial sales of our common stock;

•

changes in the amount or frequency of our payment of dividends or repurchases of our common stock;

•

general stock market conditions; or

•

other economic or external factors.

Decreases in discount rates and actual rates of return could require future pension contributions to our pension plans which could limit our flexibility in managing our company.

Key assumptions inherent in our actuarially calculated pension plan obligations and pension plan expense are the discount rate and the expected rate of return on plan assets.  If discount rates and actual rates of return on invested plan assets were to decrease significantly, our pension plan obligations could increase materially.  The size of future required pension contributions could require us to dedicate a greater portion of our cash flow from operations to making contributions, which could negatively impact our financial flexibility.

Various restrictions in our charter documents, Delaware law and our credit agreement could prevent or delay a change in control of us that is not supported by our board of directors.

We are subject to a number of provisions in our charter documents, Delaware law and our credit facility that may discourage, delay or prevent a merger, acquisition or change of control that a stockholder may consider favorable.  These anti-takeover provisions include:

•

maintaining a classified board and imposing advance notice procedures for nominations of candidates for election as directors and for stockholder proposals to be considered at stockholders' meetings;

•

a provision in our certificate of incorporation that requires the approval of the holders of 80% of the outstanding shares of our common stock to adopt any agreement of merger, the sale of substantially all of the assets of Standex to a third party or the issuance or transfer by Standex of voting securities having a fair market value of $1 million or more to a third party, if in any such case such third party is the beneficial owner of 10% or more of the outstanding shares of our common stock, unless the transaction has been approved prior to its consummation by all of our directors;

10

•

requiring the affirmative vote of the holders of at least 80% of the outstanding shares of our common stock for stockholders to amend our amended and restated by-laws;

•

covenants in our credit facility restricting mergers, asset sales and similar transactions; and

•

the Delaware anti-takeover statute contained in Section 203 of the Delaware General Corporation Law.

Section 203 of the Delaware General Corporation Law prohibits a merger, consolidation, asset sale or other similar business combination between Standex and any stockholder of 15% or more of our voting stock for a period of three years after the stockholder acquires 15% or more of our voting stock, unless (1) the transaction is approved by our board of directors before the stockholder acquires 15% or more of our voting stock, (2) upon completing the transaction the stockholder owns at least 85% of our voting stock outstanding at the commencement of the transaction, or (3) the transaction is approved by our board of directors and the holders of 66 2/3% of our voting stock, excluding shares of our voting stock owned by the stockholder.

Item 1B.  Unresolved Staff Comments

None.

Item 2.  Properties

We operate a total of 72 manufacturing plants and warehouses located throughout the United States, Europe, Canada, Australia, Singapore, Korea, China, India, Brazil, South Africa, and Mexico.  The Company owns 26 of the facilities and the balance are leased.   The approximate building space utilized by each product group is as follows (in thousands):  

	Area in Square Feet
	Owned	Leased
Food Service Equipment	1,195	286
Engraving	268	371
Engineering Technologies	171	145
Electronics	120	157
Hydraulics	101	40
Corporate and other	43	12
Total	1,898	1,011

In general, the buildings are in sound operating condition and are considered to be adequate for their intended purposes and current uses.

We own substantially all of the machinery and equipment utilized in our businesses.

Item 3.  Legal Proceedings

In March, 2013, the Company entered into a settlement agreement to terminate the redhibition action that had been pending in Lafayette, Louisiana since August, 2008. The plaintiff, Ultra Pure Water Technologies, Inc. (“Ultra Pure”) had filed a suit against the Company seeking lost profit damages for alleged defects in Master-Bilt ice merchandisers that were sold to Master-Bilt’s customer, which then sold them to Ultra Pure. A settlement was reached during trial. The terms of the settlement provide that all claims against the Company are dismissed with prejudice, in exchange for a payment of $6.0 million, of which the Company contributed $2.6 million, net of $3.4 million paid directly by insurers in the matter. The Company has recorded the $2.6 million payment during the third quarter as a component of selling, general, and administrative expenses, and paid such amount during the fourth quarter of 2013. No fault or liability on the part of the Company is admitted under the terms of the settlement. The court has approved the terms of the settlement.

Discussion of other legal matters is incorporated by reference to Part II, Item 8, Note 12, “CONTINGENCIES,” in the Notes to the Consolidated Financial Statements.

Item 4.  Mine Safety Disclosures

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Not Applicable

PART II

Item 5.  Market for Standex Common Stock

Related Stockholder Matters and Issuer Purchases of Equity Securities

The principal market in which the Common Stock of Standex is traded is the New York Stock Exchange under the ticker symbol “SXI”.  The high and low sales prices for the Common Stock on the New York Stock Exchange and the dividends paid per Common Share for each quarter in the last two fiscal years are as follows:

	Common Stock Price Range				Dividends Per Share
	2013		2012
Year Ended June 30	High	Low	High	Low	2013	2012
First quarter	$47.34	$41.29	$36.68	$25.11	$0.07	$0.06
Second quarter	52.14	43.00	40.43	28.95	0.08	0.07
Third quarter	57.64	51.28	43.92	34.88	0.08	0.07
Fourth quarter	55.18	49.18	46.05	38.27	0.08	0.07

The approximate number of stockholders of record on August 21, 2013 was 1,883.  

Additional information regarding our equity compensation plans is presented in the Notes to Consolidated Financial Statements under the caption “Stock-Based Compensation and Purchase Plans” and Item 12 “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”

Issuer Purchases of Equity Securities (1)
Quarter Ended June 30, 2013
Period	(a) Total Number of Shares (or units) Purchased	(b) Average Price Paid per Share (or unit)	(c) Total Number of Shares (or units) Purchased as Part of Publicly Announced Plans or Programs	(d) Maximum Number (or Appropriate Dollar Value) of Shares (or units) that May Yet Be Purchased Under the Plans or Programs
April 1, 2013 -
April 30, 2013	150	$55.58	150	123,485
May 1, 2013 -
May 31, 2013	2,471	$52.01	2,471	121,014
June 1, 2013 -
June 30, 2013	1,801	$53.72	1,801	119,213
TOTAL	4,422	$52.83	4,422	119,213

¹ The Company has a Stock Buyback Program (the “Program”) which was originally announced on January 30, 1985. Under the Program, the Company may repurchase its shares from time to time, either in the open market or through private transactions, whenever it appears prudent to do so.  On December 15, 2003, the Company authorized an additional 1 million shares for repurchase pursuant to its Program.  The Program has no expiration date, and the Company from time to time may authorize additional increases for buyback authority so as to maintain the Program.

The following graph compares the cumulative total stockholder return on the Company’s Common Stock as of the end of each of the last five fiscal years, with the cumulative total stockholder return on the Standard & Poor’s Small Cap 600 (Industrial Segment) Index and on the Russell 2000 Index, assuming an investment of $100 in each at their closing prices on June 30, 2008 and the reinvestment of all dividends.

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Item 6.  Selected Consolidated Financial Data

Selected financial data for the five years ended June 30, 2013 is as follows:

See Item 7 for discussions on comparability of the below.

	2013	2012	2011	2010	2009
SUMMARY OF OPERATIONS (in thousands)
Net sales
Food Service Equipment	$394,878	$388,813	$365,523	$337,578	$350,358
Engraving	93,380	93,611	85,258	77,372	77,311
Engineering Technologies	74,838	74,088	61,063	58,732	51,693
Electronics Products Group	108,085	48,206	46,600	37,201	37,933
Hydraulics Products Group	30,079	29,922	22,925	16,598	23,257
Total	$701,260	$634,640	$581,369	$527,481	$540,552
Gross profit	$226,096	$208,484	$191,538	$174,976	$161,621
Operating income (loss)
Food Service Equipment (a)	$39,467	$39,613	$37,915	$39,682	$9,900
Engraving	15,596	17,896	14,182	9,395	7,028
Engineering Technologies	13,241	14,305	12,606	13,843	8,667

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Electronics Products Group	16,147	8,715	7,551	4,074	2,875
Hydraulics Products Group	4,968	4,403	2,436	963	747
Restructuring (b)	(2,666)	(1,685)	(1,843)	(3,494)	(2,872)
Gain on sale of real estate	-	4,776	3,368	1,405	-
Corporate and Other	(22,924)	(23,443)	(20,959)	(20,137)	(16,070)
Total	$63,829	$64,580	$55,256	$45,731	$10,275
Interest expense	(2,469)	(2,280)	(2,107)	(3,624)	(6,532)
Other non-operating (loss) income	(128)	519	(201)	749	205
Provision for income taxes	(15,910)	(15,912)	(14,922)	(12,504)	(2,946)
Income from continuing operations	45,322	46,907	38,026	30,352	1,002
Income/(loss) from discontinued operations	(474)	(16,002)	(2,659)	(1,653)	(6,407)
Net income	$44,848	$30,905	$35,367	$28,699	($5,405)

(a)

Includes $21.3 million of impairment of goodwill and intangible assets during 2009.

(b)

See discussion of restructuring activities in Note 16 of the consolidated financial statements.

	2013	2012	2011	2010	2009
PER SHARE DATA
Basic
Income from continuing operations	$3.61	$3.75	$3.05	$2.44	$0.08
Income/(loss) from discontinued operations	(0.04)	(1.28)	(0.22)	(0.13)	(0.52)
Total	$3.57	$2.47	$2.83	$2.31	($0.44)
Diluted
Income from continuing operations	$3.55	$3.67	$2.98	$2.39	$0.08
Income/(loss) from discontinued operations	(0.04)	(1.25)	(0.21)	(0.13)	(0.52)
Total	$3.51	$2.42	$2.77	$2.26	($0.44)
Dividends paid	$0.31	$0.27	$0.23	$0.20	$0.68

	2013	2012	2011	2010	2009
BALANCE SHEET (in thousands)
Total assets	$510,573	$479,811	$474,905	$446,279	$433,709
Accounts receivable	102,268	99,432	95,716	86,475	76,083
Inventories	84,956	73,076	74,805	58,298	61,277
Accounts payable	69,854	62,113	68,205	50,237	48,977
Goodwill (a)	111,905	100,633	102,439	87,870	86,789
Short-term debt	$            -	$            -	$       5,100	$            -	$            -
Long-term debt	50,072	50,000	46,500	93,300	94,300
Total debt	50,072	50,000	51,600	93,300	94,300
Less cash	51,064	54,749	14,407	33,630	8,984
Net debt	(992)	(4,749)	37,193	59,670	85,316
Stockholders' equity	290,988	242,907	245,613	192,063	176,286

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KEY STATISTICS	2013	2012	2011	2010	2009
Gross profit margin	32.2%	32.9%	32.9%	33.2%	29.9%
Operating income margin (a)	9.1%	10.2%	9.5%	8.7%	1.9%

 (a) Includes $21.3 million of impairment of goodwill and intangible assets during 2009.

Item 7.  Management's Discussion and Analysis of Financial Condition and Results of Operations

Overview

We are a leading manufacturer of a variety of products and services for diverse commercial and industrial market segments. We have five reportable segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group, Electronics Products Group, and the Hydraulics Products Group. Our business objective is to provide value-added, technology-driven solutions to our customers. Our strategic objective, which we refer to as “Focused Diversity,” are to 1) identify those businesses which are best able to meet our objectives, and invest in them by taking advantage of both organic growth and acquisition opportunities and 2) pursue operational excellence in order to improve operating margins and working capital management.

Over the past 18 months, we have taken two major steps in the implementation of our strategy.  The first was the divestiture at the end of the third quarter of fiscal 2012 of our Air Distribution Products (ADP) business segment.  We determined that the low-margin, commodity orientation of that segment’s products no longer suited our ongoing business objectives. The second major step was the acquisition in the first quarter of fiscal 2013 of Meder electronic AG.  The acquisition, which more than doubled the size of our Electronics Products Group allowed us to complement our existing electronics business with significantly broadened product line offerings, end-user markets, and manufacturing support that will enhance our global footprint for sales coverage and profitable growth.

In addition to the continued implementation of our business strategy, we have successfully taken substantial measures over a period of more than four years to reduce our cost structure.  We have achieved this through company-wide and targeted headcount reductions, low cost manufacturing and value-added engineering initiatives, plant consolidations, procurement savings, and improved productivity in all aspects of our operations.  These measures have been the principal factors in allowing the Company to significantly improve margins and profitability, even though sales have only recently returned to the levels existing before the onset of the 2008 macroeconomic recession.  In addition to the focus on improving our cost structure, we have improved the Company’s liquidity through better working capital management, and the sale of excess land and buildings.  This additional liquidity has enabled us to expand through acquisitions as evidenced by the completion of four strategic acquisitions in fiscal 2011 and the acquisition of Meder in 2013.  Our net debt to capital ratio at June 30, 2013 was    (0.3%), even after spending nearly $40 million to acquire Meder in the first quarter of this fiscal year.

Our business strategy emphasizes organic growth initiatives in addition to the completion of strategic acquisitions.  The development and execution of top line initiatives that provide opportunities for market share gains is a top priority for each of our businesses.  Our business units are actively engaged in initiating new product introductions, expansion of product offerings through private labeling and sourcing agreements, geographic expansion of sales coverage, the development of new sales channels, leveraging strategic customer relationships, development of energy efficient products, new applications for existing products and technology, and next generation products and services for our end-user markets.

During 2013 we encountered headwinds, including a soft European economy, negative year over year foreign exchange comparisons, and increased expense associated with our legacy defined benefit pension plan in the U.S.  The impact of the latter two items during 2013 was a $2.8 million decrease in sales due to foreign exchange and a $2.6 million reduction to income from operations as a result of the pension expense increases.  In addition, we recorded a charge of $2.8 million during the third quarter relating to the settlement of litigation brought against the Company.  This charge was substantially offset by the realization of a $2.3 million gain resulting from the discontinuance of a retiree life insurance benefit.  During the third and fourth quarters, we saw some adverse effects from renewed uncertainty in the global economy, as overall organic sales growth slowed from the rate experienced earlier in the year.

Because of the diversity of the Company’s businesses, end user markets and geographic locations, management does not use specific external indices to predict the future performance of the Company, other than general information about broad macroeconomic trends.  Each of our individual business units serves niche markets and attempts to identify trends other than

15

general business and economic conditions which are specific to their businesses and which could impact their performance.  Those units report pertinent information to senior management, which uses it to the extent relevant to assess the future performance of the Company.  A description of any such material trends is described below in the applicable segment analysis.

We monitor a number of key performance indicators (“KPIs”) including net sales, income from operations, backlog, effective income tax rate, and gross profit margin.  A discussion of these KPIs is included within the discussion below.  We may also supplement the discussion of these KPIs by identifying the impact of foreign exchange rates, acquisitions, and other significant items when they have a material impact on the discussed KPI.  We believe that the discussion of these items provides enhanced information to investors by disclosing their consequence on the overall trend in order to provide a clearer comparative view of the KPI where applicable.  For discussion of the impact of foreign exchange rates on KPIs, the Company calculates the impact as the difference between the current period KPI calculated at the current period exchange rate as compared to the KPI calculated at the historical exchange rate for the prior period.  For discussion of the impact of acquisitions, we isolate the effect to the KPI amount that would have existed regardless of our acquisition. Sales resulting from synergies between the acquisition and existing operations of the Company are considered organic growth for the purposes of our discussion.

Unless otherwise noted, references to years are to fiscal years.

Consolidated Results from Continuing Operations (in thousands):

		2013		2012		2011
Net sales	$	701,260	$	634,640	$	581,369
Gross profit margin		32.2%		32.9%		32.9%
Restructuring costs		2,666		1,685		1,843
Gain on sale of real estate		-		4,776		3,368
Income from operations		63,829		64,580		55,256
Backlog (realizable within 1 year)	$	132,880	$	119,691	$	103,692
		2013		2012		2011
Components of change in sales:
Effect of acquisitions	$	55,129		14,117		9,852
Effect of exchange rates		(2,807)		(888)		1,602
Organic sales growth		14,298		40,042		42,434

Net sales in 2013 increased $66.6 million, or 10.5%, from 2012 levels.  Of the increase, $55.1 million, or 8.7% was attributable to the acquisition related to Electronics and $14.3 million, or 2.3% of organic growth, as organic sales increased across substantially all of our segments as a result of both improvements in end-user markets and the success of our top-line growth efforts.  Sales growth was partially offset by unfavorable foreign exchange of $2.8 million.  

Net sales in 2012 increased $53.3 million, or 9.2%, from 2011 levels.  Of the increase, $40.0 million, or 6.9% was attributable to organic growth, as organic sales increased across all of our segments as a result of both improvements in end-user markets and the success of our top-line growth efforts.  Also factoring in our growth was an increase of $14.1 million, or 2.4%, resulting from our four acquisitions completed during 2011.  Unfavorable foreign exchange accounted for $0.9 million against our year-over-year gains.  

Gross Profit Margin

During 2013, gross margin decreased to 32.2% as compared to 32.9% in 2012.  This decrease is primarily a result of $1.5 million in our Meder purchase accounting expenses primarily related to a one time step up of acquired inventory to fair value, and a gross margin decline at Engineering Technologies offset by the improvement in Food Service Equipment Group and Hydraulics.

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During 2012, gross margin was flat at 32.9% as compared to 2011, as lower gross margin in the Food Service Equipment Group offset increases across our other segments.

Income from Operations

Income from operations during 2013 decreased $0.1 million, or 1.2% compared to 2012.  The decrease was primarily the result of 2012 gain on sale of real-estate of $4.8 million associated with the sales of real-estate in Brazil and $1.5 million of purchase accounting expense associated with the Meder Acquisition during 2013.

Income from operations during 2012 increased $9.3 million, or 16.9% compared to 2011.  This increase was driven by $4.8 million associated with the sale of real-estate in Brazil, strong performances from Engraving, Electronics Products, and Hydraulics Products Groups.  The Engraving Group benefitted from a second consecutive record year of automotive platform work, while the Electronics Products and Hydraulics Products Groups continue to demonstrate the impact of prior cost reductions combined with end-user market recovery and entry into new markets and applications.  Additionally, the Engineering Technologies Group was bolstered by the acquisition of Metal Spinners impacting the full year of 2012 as compared to only three months of 2011.

Discussion of the performance of all of our Groups is more fully explained in the segment analysis that follows.  

Income Taxes

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2013 was $15.9 million, or an effective rate of 26.0%, compared to $15.9 million, or an effective rate of 25.3% for the year ended June 30, 2012, and $14.9 million, or an effective rate of 28.2% for the year ended June 30, 2011.  Changes in the effective tax rates from period to period may be significant as they depend on many factors including, but not limited to, the amount of the Company's income or loss, the mix of income earned in the US versus outside the US, the effective tax rate in each of the countries in which we earn income, and any one time tax issues which occur during the period.  In 2014, we expect to return to a more normal tax rate in the range of 28.0% to 30.0% based on an anticipated increase in US-based taxable income within our overall business mix.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2013 was impacted by the following items: (i) a benefit of $0.4 million related to the retroactive extension of the R&D credit recorded during the third quarter, (ii) a benefit of $0.3 million related to a decrease in the statutory tax rate in the United Kingdom on prior period deferred tax liabilities recorded during the first and fourth quarters, (iii) a benefit of $1.0 million from the reversal of a deferred tax liability that was determined to be no longer required during the third quarter and (iv) a benefit of $2.8 million due to the mix of income earned in jurisdictions with beneficial tax rates.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2012 was impacted by the following items: (i) a benefit of $1.3 million from the reversal of income tax contingency reserves that were determined to be no longer needed due to the lapsing of the statute of limitations and re-measurement of existing tax contingency reserves based on recently completed tax examinations, (ii) a benefit of $0.4 million related to a decrease in the statutory tax rate in the United Kingdom on prior period deferred tax liabilities recorded during the first quarter, and (iii) a benefit of $4.5 million due to the mix of income earned in jurisdictions with beneficial tax rates.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2011 was  impacted by the following items: (i) a benefit of $0.3 million from the reversal of income tax contingency reserves that were determined to be no longer needed due to the expiration of applicable limitation statutes, (ii) a benefit of $0.2 million related primarily to the retroactive extension of the R&D credit recorded during the second quarter, and (iii) a benefit totaling $0.3 million as part of the deferred tax provision related to a change in the estimated state rate used to calculate the deferred balances. 

Capital Expenditures

In general, our capital expenditures over the longer term are expected to be approximately equivalent to our annual depreciation costs.  In 2013, capital expenditures of $14.4 million began shifting back to our historical trend as we made strategic investments which supported productivity improvements, geographic expansion, and development of new product offerings.

Backlog

Total backlog includes amounts realizable beyond one year.  At June 30, 2013 total backlog increased $13.2 million or 11.0%

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from $119.7 million to $132.9 million when compared to fiscal 2012.  The increase was driven by Electronics where the backlog increased 71.4% primarily due to backlog associated with the acquired Meder business and Engineering Technologies where the backlog increased 7.0% offset by decrease in Food Service Equipment, Hydraulics Products Group, and Engraving Groups.

Segment Analysis (in thousands)

Food Service Equipment

	2013 compared to 2012			2012 compared to 2011
			%			%
	2013	2012	Change	2012	2011	Change
Net sales	$394,878	$388,813	1.6%	$388,813	$365,523	6.4%
Income from operations	39,467	39,613	-0.4%	39,613	37,915	4.5%
Operating income margin	10.0%	10.2%		10.2%	10.4%

Net sales for fiscal 2013 increased $6.1 million, or 1.6%, when compared to the prior year.  The top line growth includes the negative effect of foreign exchange rates of $0.6 million in sales.  The Refrigerated Solutions (walk-in coolers and freezers and refrigerated cabinets) and Specialty Solutions groups grew approximately 4.0% and 5.1% year over year, respectively, while the Cooking Solutions Group net sales declined by 5.7% year over year.  The Refrigeration business continues to see strong sales to our quick-service restaurant chain customers, and we are seeing continued traction in the dollar store segment.  This strength is offset by weakness in the Drug Retail segment as new store construction is at reduced levels.  The Specialty Solutions Group growth was driven by double digit growth in the specialty merchandising and custom fabrication businesses through market share gains.  This growth was partially offset by a 7% decline in the global beverage pump business due to soft demand, particularly in the European markets.  The sales decline in the Cooking Solutions group was driven by the BKI division which experienced weakness in the US and UK which were negatively impacted by reduced capital spending in the supermarket segments, and a difficult year over year comparison due to a significant roll-out to a major US supermarket chain in fiscal 2012.  This decline was partially offset by 3.6% growth in the Cooking Group which primarily serves the restaurant and convenience store markets.  The new Standex Food Service Culinary Development Center was opened in the Dallas area in the 3rd quarter to be used for training, product development and key customer sales visits.  The new facility also serves as the new Cooking Group headquarters.

Income from operations for fiscal 2013 declined $0.1 million, or 0.4%, when compared to the prior year.  This includes the negative effect of foreign exchange rates of $0.1 million.  The Group’s return on sales decreased from 10.2% to 10.0% in the current year.  The positive impact of the year over year volume increase was partially offset by a combination of adverse product and customer mix changes, marketing cost increases and increased warranty costs in the beverage business.  The beverage business warranty issues have been largely resolved in Q4 and are not expected to have a significant impact on future results.  In response to these margin challenges, the Group has implemented multiple productivity improvement actions, including cost reductions through product redesign, metal cost reductions, and staff reductions, coupled with selective price increases.

Net sales for the year ended June 30, 2012 increased $23.3 million, or 6.4%, from the same period one year earlier. This includes a minor negative effect of foreign exchange rates of $0.1 million in sales.  The Refrigerated Solutions (walk-in coolers and freezers and refrigerated cabinets) and Cooking Solutions groups grew approximately 6.3% and 4.1% year over year, respectively, while the other Food Service Equipment businesses grew net sales by 9.1%.  The Refrigeration business continues to see strong sales across the board to our quick-service restaurant chain customers, and we are seeing continued traction in the dollar store segment where we are growing market share and the customer base.  From a product standpoint, we continue to see double-digit growth in our value line products and rack refrigeration systems.  Sales in Cooking Solutions were driven by US business at BKI, whereas AAI was negatively impacted by lower sales to major quick service chains and lower sales to UK retail accounts due to the macroeconomic conditions impacting that market.  Our equity investment and distribution agreement with Giorik SpA, an Italian manufacturer of “combi” ovens, has been well received by both the US and UK customers.   

Income from operations for fiscal 2012 increased $1.7 million, or 4.5%, when compared to the same period one year earlier.  The Group’s return on sales decreased from 10.4% to 10.2% in the prior year.  The positive impact of the year over year volume increase was partially offset by a combination of reduced volume, adverse product and channel mix changes, coupled with higher commodity prices earlier in the year and increased warranty costs at Cooking Solutions.  Additionally, productivity was negatively impacted by the integration of Kool Star product lines into our Master-Bilt facility in Mississippi,

18

and the integration of Tri-Star manufacturing operations into our Nogales, Mexico facility.  However, these issues were largely corrected at the end of the fourth quarter.  In response to these margin challenges, the Group has implemented price increases and multiple productivity improvement actions, including freight and metal cost reduction efforts.

Engraving

	2013 compared to 2012			2012 compared to 2011
			%			%
	2013	2012	Change	2012	2011	Change
Net sales	$93,380	$93,611	-0.2%	$93,611	$85,258	9.8%
Income from operations	15,596	17,896	-12.9%	17,896	14,182	26.2%
Operating income margin	16.7%	19.1%		19.1%	16.6%

Net sales for the fiscal year 2013 remained flat, when compared to the prior year.  During the fourth quarter sales to automotive OEM’s in the mold texturing market softened as compared to the very strong sales level achieved in the prior year quarter.  The decline in mold texturizing sales occurred primarily in North America mold texturizing while both the Europe and China markets showed year over year growth.  During the fourth quarter sales in the Innovent core forming tool and rolls, plates and machinery businesses also declined.  We do expect strengthening in North American mold texturizing sales in fiscal 2014 as we have reasonable visibility of new launch awards at our global automotive customers.

Income from operations in fiscal year 2013 decreased by $2.3 million, or 12.9%, when compared to the prior year.  Unfavorable performance was primarily driven by one-time costs related to moving our Brazilian operations, start-up of our MT Korea operation and lower fourth quarter demand in North America.

Net sales for the fiscal year 2012 increased $8.4 million, or 9.8%, from 2011 levels at $93.6 million compared to $85.3 million in the prior year.  Foreign exchange had an unfavorable impact on sales of $0.9 million in fiscal year 2012.  Our mold texturizing businesses continued to demonstrate strong top line growth on a global basis due to the release of new automotive programs, which also created an improved product mix due to their generally higher margins.  

Income from operations in 2012 increased by $3.7 million, or 26.2%, when compared to 2011.  During 2012, we demonstrated our ability to favorably leverage sales growth as we expand the use of lean enterprise techniques.  We also continued to develop and globalize market leading technology in order to further improve profitability.

Engineering Technologies

	2013 compared to 2012			2012 compared to 2011
			%			%
	2013	2012	Change	2012	2011	Change
Net sales	$74,838	$74,088	1.0%	$74,088	$61,063	21.3%
Income from operations	13,241	14,305	-7.4%	14,305	12,606	13.5%
Operating income margin	17.7%	19.3%		19.3%	20.6%

Net sales in the fiscal year 2013 increased $0.8 million, or 1.0%, when compared to the prior year.  Sale growth in the aerospace and energy markets was offset by declines in the oil and gas segment.  The aerospace segment increased from prior year levels due to strong demand for unmanned space launch vehicles.  The land based gas turbine business improved significantly year-over-year due to strong demand from several of our OEM customers.  Sales to the oil and gas segment were down as the prior year benefited from several very large offshore platform projects which did not repeat in the current year.  The aviation market was down from prior year due to order phasing and the defense market was up slightly over the prior year.

Income from operations in the fiscal year 2013 decreased $1.1 million, or 7.4%, when compared to the prior year.  This decrease is primarily due to the impact of reduced sales in the higher margin oil and gas markets.

Net sales in the fiscal year 2012 increased $13.0 million or 21.3%, when compared to the prior year.  The increase is a result of the full year impact of the acquisition of Metal Spinners Group.  Negative organic growth of 11.3% occurred in our legacy businesses as increases in the Aerospace segment at Spincraft were more than offset by declines in the energy, aviation and the defense markets.  As expected, the Energy business was down significantly year-over-year as one of our major customers implemented an inventory correction program.

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For the fiscal year ending June 30, 2012, income from operations increased $1.7 million, or 13.5%, when compared to the prior year.  This increase was driven by full year impact of the acquisition of Metal Spinners.  The improvement from Metal Spinners was offset by the impact of reduced sales volume at Spincraft.

Electronics Products

	2013 compared to 2012			2012 compared to 2011
			%			%
	2013	2012	Change	2012	2011	Change
Net sales	$108,085	$48,206	124.2%	$48,206	$46,600	3.4%
Income from operations	16,147	8,715	85.3%	8,715	7,551	15.4%
Operating income margin	14.9%	18.1%		18.1%	16.2%

Net sales in the fiscal year 2013 increased $59.9 million, or 124.2%, when compared to the prior year.  This increase includes the impact of $55.1 million from the acquisition of Meder and $4.8 million of organic growth driven by increased sales from the new sensor programs launched over the past 18 months partially offset by lower sales in magnetic products.

Income from operations in the fiscal year 2013 increased $7.4 million, or 85.3%, when compared to the prior year.  This increase was primarily driven by the Meder acquisition.  The integration of the Meder acquisition continued successfully throughout the year with a focus on identifying and implementing both sales and cost synergies.  Thus far, we identified and had substantially implemented by the end of the fiscal year approximately $4.0 million of cost synergies.  These cost synergies were primarily the result of procurement savings and the consolidation of our sales and production facilities in China into a single facility.  Income from the Meder acquisition was accretive to earnings inclusive of $1.5 million in purchase accounting expenses primarily related to a one time step up of inventory to fair value.

Electronics net sales increased $1.6 million, or 3.4% in 2012 when compared to the prior year.  Sales growth was negatively impacted during the first three quarters of 2012 as we experienced soft demand for reed switches, particularly in the Asia Pacific region, and soft demand from a number of larger OEM accounts for sensors and magnetic products.  However, sales strengthened significantly in the fourth quarter as we benefited from a number of new products and customer project launches within the automotive, appliance, medical, and HVAC sensor and magnetic markets and strengthening demand for reed switches.

Income from operations in 2012 increased $1.2 million, or 15.4%, compared to 2011.  The year over year improvement was the result of the sales increase as well as the impact of various material and labor cost savings particularly within the North American businesses.  The higher sales level and the various cost reduction initiatives drove operating income margin from 16.2 % in 2011 to 18.1% for 2012.

Hydraulics Products

	2013 compared to 2012			2012 compared to 2011
			%			%
	2013	2012	Change	2012	2011	Change
Net sales	$30,079	$29,922	0.5%	$29,922	$22,925	30.5%
Income from operations	4,968	4,403	12.8%	4,403	2,436	80.7%
Operating income margin	16.5%	14.7%		14.7%	10.6%

Net sales in the fiscal year 2013 increased $0.2 million, or 0.5%, when compared to the prior year.  Continued market share gains in the North American refuse market coupled with growth in the aftermarket segment was offset by softness in the traditional North American dump truck and trailer and export markets.  In many cases end users continue to hold off in making capital investments until absolutely necessary.  We have successfully penetrated several large roll off container refuse vehicle OEM’s by leveraging our engineering expertise and low cost manufacturing position provided by our factory in Tianjin, China.  We also have recently launched a new telescopic cylinder product line for the garbage truck refuse markets that two large OEM customers are now utilizing.  We are currently expanding the capacity of our Chinese facility as we expect to continue to drive sales growth by utilizing our low cost position to further penetrate both rod and telescopic cylinder product applications for our global customer base.  This expansion geographically includes Australia, South America, Germany, and Central America.  

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Income from operations in the fiscal year 2013 increased $0.6 million or 12.8% when compared to the prior year.  This increase in annual income from operations can be attributed to cost containment and improvements in both process and productivity during the year in both North America and China.

Net sales in 2012 for the Hydraulics Products Group increased $7.0 million, or 30.5% when compared to 2011.  Diversification into other markets in 2012 was a major contributor to the growth, as demonstrated by market share gains at several North American refuse market OEMs.  The manufacturing facility in Tianjin, China was also a factor in our top line growth, as this facility began producing both rod and telescopic cylinders for global customers.  The ability to offer our engineering expertise on a global basis combined with manufacturing locations in the United States and a low cost operation in China allowed us to penetrate markets where we previously could not be competitive.  Expansion of business geographically into areas such as Southeast Asia, Australia, Central America and South America contributed to the increase outside of our historical focus on the North American market.

Income from operations for 2012 increased $2.0 million or 80.7% when compared to 2011.  This increase in annual income from operations can be attributed to leveraging the top line growth, cost containment and process and productivity improvements.

Corporate, Restructuring and Other

		2013 compared to 2012			2012 compared to 2011
				%			%
		2013	2012	Change	2012	2011	Change
Income (loss) from operations:
	Corporate	$(22,924)	$(23,443)	-2.2%	$(23,443)	$(20,959)	11.9%
	Gain on sale of real estate	-	4,776	-100.0%	4,776	3,368	41.8%
	Restructuring	(2,666)	(1,685)	58.2%	(1,685)	(1,843)	-8.6%

Corporate expenses in the fiscal year 2013 decreased $0.5 million, or 2.2% when compared to the prior year.  The decrease is primarily driven by a gain of $2.3 million resulting from the termination of the retiree life insurance benefit and lower incentive compensation expense of $2.3 million partially offset by an increase of $1.3 million in pension expense and $2.8 million of legal settlement costs, presented in “Item 3. Legal Proceedings”.

Corporate expenses in 2012 increased $2.5 million, or 11.9% as compared to 2011, driven primarily by increased management bonus and stock compensation expense related to exceeding performance targets for the year.

The Company recorded a gain of $4.8 million during 2012 related to the sale of an Engraving Group facility in Sao Paolo, Brazil.

Restructuring expenses reflect costs associated with the Company’s efforts to continuously improve operational efficiency and expand globally in order to remain competitive in the end-user markets we serve.  Each year the Company incurs costs for actions to size its businesses to a level appropriate for current economic conditions and to improve its cost structure to improve our competitive posture and operating margins.  Restructuring expenses result from numerous individual actions implemented across the Company’s various operating divisions on an ongoing basis which include costs for moving facilities to low-cost locations, starting up plants after relocation, curtailing/downsizing operations because of changing economic conditions, and other costs resulting from asset redeployment decisions.  Shutdown costs include severance, benefits, stay bonuses, lease and contract terminations, and asset write-downs.  In addition to the costs of moving fixed assets, start-up and moving costs include employee training and relocation.  Vacant facility costs include maintenance, utilities, property taxes, and other costs.

Restructuring expense of $2.7 million in the fiscal year 2013 is primarily composed of $2.0 million in the Engraving Group for ongoing headcount reductions in our European operations and the relocation of our Brazil facility, and $0.4 million in Electronics, where we are eliminating redundant positions due to the Meder acquisition.

During 2012 the Company incurred restructuring expense of $1.7 million.  These expenses primarily related to the relocation of Tri-Star manufacturing operations to Nogales, Mexico, the consolidation of Kool Star into our Master-Bilt operations in Mississippi, and ongoing headcount reductions in our European Engraving operations.

The Company currently expects to incur between $8.0 and $9.0 million of restructuring expense in 2014, including the cost to complete actions initiated before the end of 2013 and actions anticipated to be approved and initiated during 2014.

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Discontinued Operations

In December 2011, we decided to divest the ADP business unit.  In connection with this decision, the Company adjusted the carrying value of ADP’s assets to their net realizable value based on a range of expected sale prices.  As a result, the Company recorded goodwill impairment charges of $14.9 million and impairment charges of $5.0 million to fixed assets.  

On March 30, 2012, we completed the sale of ADP to a private equity buyer for consideration of $16.1 million consisting of $13.1 million in cash and a $3.0 million note secured by first mortgages on three ADP facilities.  During the quarter ended March 31, 2012, additional pre-tax charges of $2.6 million were taken in connection with the sale.  These charges related primarily to the impairment of a non-cancellable lease liability that the buyer elected not to assume as part of the purchase.

During the fourth quarter of 2012, we sold the two ADP facilities retained by us in the transaction for a gain of $0.8 million.

The following table summarizes the Company’s discontinued operations activity, by operation, for the years ended June 30, 2013, 2012 and 2011 (in thousands):

	Year Disposed		2013		2012		2011
Sales:
Air Distribution Products Group	2012	$	-	$	43,537	$	52,384
Income (loss) before taxes:
Air Distribution Products Group	2012		(451)		(24,871)		(2,841)
Berean Christian Bookstores	2007		(12)		(184)		(635)
Other loss from discontinued operations			(195)		(269)		(490)
Income (loss) before taxes from discontinued operations			(658)		(25,324)		(3,966)
(Provision) benefit for tax			184		9,322		1,307
Net income (loss) from discontinued operations		$	(474)	$	(16,002)	$	(2,659)

Liquidity and Capital Resources

Cash Flow

Net cash provided by operating activities from continuing operations for the year ended June 30, 2013 was $63.5 million, compared to $47.4 million for the same period in 2012.  The Company’s working capital reduction efforts during 2013 generated $6.6 million in cash during the year as compared to a working capital build in 2012 which used $5.9 million in cash during the year.  The 2012 working capital use of cash was primarily in accounts receivable and was associated with increased sales volume in the year.  Additionally, the Company made $4.5 million of contributions to its defined benefit pension plans in 2013 as compared to $7.3 million of contributions in 2012.

Net cash used in investing activities from continuing operations for the year ended June 30, 2013 was $52.7 million, consisting primarily of $39.6 million for the acquisition of Meder, $14.1 million for capital expenditures, offset by $1.0 million of insurance proceeds related to corporate owned life insurance policies.

Net cash used in financing activities for continuing operations for the year ended June 30, 2013, was $10.9 million consisting primarily of dividends paid of $3.9 million, and repurchased treasury stock of $8.5 million.

Capital Structure

On January 5, 2012, the Company entered into a five-year $225 million unsecured Revolving Credit Facility (“Credit Agreement”, or “new facility”), which can be increased by the Company by an amount of up to $100 million, in accordance with specified conditions contained in the agreement.  The new facility also includes a $10 million sublimit for swing line loans and a $30 million sublimit for letters of credit.  The new credit facility replaced the 2007 credit agreement, which was scheduled to mature in September 2012.

Under the terms of the Credit Agreement, we will pay a variable rate of interest and a commitment fee on available, but unused, amounts under the new facility.  The amount of the commitment fee will depend upon both the undrawn amount remaining available under the new facility and the Company’s funded debt to EBITDA (as defined in the agreement) ratio

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at particular points in time.  As our funded debt to EBITDA ratio increases, the commitment fee will increase.  Amounts borrowed under the new facility may be in the form of either Base Rate or Eurodollar Rate loans.  The rate of interest on Base Rate loans shall be the higher of (i) the Federal Funds rate plus ½ of 1%, (ii) the “prime rate” announced by RBS Citizens, N. A. or (iii) the London interbank offered rate (“LIBOR”) plus ½ of 1% (the rate in effect shall be referred to as the “Base Rate”), plus an additional amount based upon the Company’s debt to EBITDA ratio.  The rate of interest on Eurodollar Rate loans shall be the LIBOR rate which corresponds to the interest period (either one, two, three or six months) selected by the Company, plus an additional amount based upon the Company’s funded debt to EBITDA ratio.  Swing Line loans shall bear interest at the Base Rate, plus an additional amount based upon the Company’s funded debt to EBITDA ratio.  As the Company’s funded debt to EBITDA ratio increases, the additional amount will also increase.

The new facility expires in January 2017, and contains customary representations, warranties and restrictive covenants, as well as specific financial covenants.  The Company’s current financial covenants under the facility are as follows:

Interest Coverage Ratio - The Company is required to maintain a ratio of Earnings Before Interest and Taxes, as Adjusted (“Adjusted EBIT per the Credit Agreement”), to interest expense for the trailing twelve months of at least 3:1.  Adjusted EBIT per the Credit Agreement specifically excludes extraordinary and certain other defined items such as non-cash restructuring and acquisition-related charges up to $2.0 million, and goodwill impairment. At June 30, 2013, the Company’s Interest Coverage Ratio was 27.5:1.

Leverage Ratio - The Company’s ratio of funded debt to trailing twelve month Adjusted EBITDA per the credit agreement, calculated as Adjusted EBIT per the Credit Agreement plus Depreciation and Amortization, may not exceed 3.5:1. At June 30, 2013, the Company’s Leverage Ratio was 0.73:1.

As of June 30, 2013, we had borrowings under the new facility of $50.0 million.  As of June 30, 2013, the effective rate of interest for outstanding borrowings under the new facility was 3.65%.

Funds borrowed under the new facility may be used for the repayment of debt, working capital, capital expenditures, acquisitions (so long as certain conditions, including a specified funded debt to EBITDA leverage ratio is maintained), and other general corporate purposes.

Our primary cash requirements in addition to day-to-day operating needs include interest payments, capital expenditures, and dividends.  Our primary sources of cash for these requirements are cash flows from continuing operations and borrowings under the new facility.  We expect to spend between $17.0 and $19.0 million on capital expenditures during 2014, and expect that depreciation and amortization expense will be between $13.0 and $14.0 million and $2.0 and $3.0 million, respectively.  

In order to manage our interest rate exposure, we are party to $50.0 million of floating to fixed rate swaps.  These swaps convert our interest payments from LIBOR to a weighted average rate of 2.29%.

The following table sets forth our capitalization at June 30, (in thousands):

		2013		2012
Long-term debt	$	50,072	$	50,000
Less cash		51,064		54,749
Net (cash) debt		(992)		(4,749)
Stockholders’ equity		290,988		242,907
Total capitalization	$	289,996	$	238,158

Stockholders’ equity increased year over year primarily as a result of changes in unrealized pension gains of $13.3 million.  Also affecting equity were net income of $45.4 million, dividends of $4.0 million, unfavorable foreign currency movements of $4.0 million, and favorable changes in the fair value of derivative instruments of $0.5 million.  The remaining changes are attributable to treasury stock activity, offset by the additional paid in capital increases associated with stock-based compensation in the current year.  The Company's net (cash) debt to capital percentage decreased from -2.0% to -0.3% in 2013 due to $39.6 million paid for the Meder acquisition, the contribution of current year net income to retained earnings, and the aforementioned changes to accumulated other comprehensive income resulting from unrealized pension gains.  

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We sponsor a number of defined benefit and defined contribution retirement plans.  The fair value of the Company's U.S. pension plan assets was $200.2 million at June 30, 2013 and the projected benefit obligation in the U.S. was $227.9 million at that time.   In June 2012, the Moving Ahead for Progress in the 21st Century (“MAP 21”) bill was signed into law by Congress.  Based on changes in pension funding provisions under MAP 21, we made a $3.25 million contribution during July 2012 due to its favorable treatment under the bill and retroactive treatment under the Pension Protection Act (“PPA”).  As a result of this contribution and an additional $6 million contribution made in June 2012, the plan is 100% funded under PPA rules at June 30, 2013, and we do not expect to make mandatory contributions to the plan until 2017.  We do not expect contributions to our other defined benefit plans to be material in 2014.

The Company’s pension plan for U.S. salaried employees was frozen as of December 31, 2007, and participants in the plan ceased accruing future benefits.  The Company’s pension plan for U.S. hourly employees was frozen for substantially all participants as of July 31, 2013, and replaced with a defined contribution benefit plan.  Based on changes to the plan in 2014, the Company expects to record a reduction in U.S. non-cash pension plan expense of $2.6 million as compared to 2013, which will be partially offset by increased expenses associated with the implementation of the defined contribution benefit program. 

We have evaluated the current and long-term cash requirements of our defined benefit and defined contribution plans as of June 30, 2013 and determined our operating cash flows from continuing operations and available liquidity are expected to be sufficient to cover the required contributions under ERISA and other governing regulations.  

We have an insurance program for certain retired key executives that have underlying policies with a cash surrender value at June 30, 2013 of $16.9 million and are reported net of loans of $9.5 million for which we have the legal right of offset.  These policies have been purchased to fund supplemental retirement income benefits.

Contractual obligations of the Company as of June 30, 2013 are as follows (in thousands):

		Payments Due by Period
				Less						More
				than 1		1-3		3-5		than 5
Contractual Obligations		Total		year		years		years		years
Long-term debt obligations	$	50,072	$	-	$	-	$	50,072	$	-
Operating lease obligations		21,359		5,390		8,290		4,188		3,491
Estimated interest payments 1		4,222		1,603		2,271		348		-
Post-retirement benefit payments 2		210		36		66		40		68
Total	$	75,863	$	7,029	$	10,627	$	54,648	$	3,559

1 Estimated interest payments are based upon effective interest rates as of June 30, 2013, and include the impact of interest rate swaps.  See Item 7A for further discussions surrounding interest rate exposure on our variable rate borrowings.  

2 Post-retirement benefit payments are based upon current benefit payment levels.

At June 30, 2013, we had $0.8 million of non-current liabilities for uncertain tax positions.  We are not able to provide a reasonable estimate of the timing of future payments related to these obligations.

Off Balance Sheet Items

In March 2012, the Company sold substantially all of the assets of the ADP business.  In connection with the divestiture, the Company remained the lessee of ADP’s Philadelphia, PA facility and administrative offices, with the purchaser subleasing a fractional portion of the building at current market rates.  In connection with the transaction, the Company recognized a lease impairment charge of $2.3 million for the remaining rental expense.  The Company’s aggregate obligation with respect to the lease is $2.4 million, of which $1.7 million was recorded as a liability at June 30, 2013.  Additionally, the Company remained an obligor on an additional facility lease that was assumed in full by the buyer, for which our aggregate obligation in the event of default by the buyer is $1.0 million.  With the exception of the impaired portion of the Philadelphia lease, the Company does not expect to make any payments with respect to these obligations.  The buyer’s obligations under the respective sublease and assumed lease are secured by a cross-default provision in the purchaser’s promissory note for a portion of the purchase price which is secured by mortgages on the ADP real estate sold in the transaction.

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In connection with the sale of the Berean Christian Bookstores completed in August 2006, we assigned all but one lease to the buyers.  During June 2009, the Berean business filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.  The Berean assets were subsequently resold under section 363 of the Code.  The new owners of the Berean business have negotiated lower lease rates and extended lease terms at certain of the leased locations.  We remain an obligor on these leases, but at the renegotiated rates and to the original term of the leases.  The aggregate amount of our obligations in the event of default is $0.8 million at June 30, 2013, of which $.08 million is not recorded on our balance sheet as a liability based on management’s assessment of the likelihood of loss.

We had no other material off balance sheet items at June 30, 2013, other than the operating leases summarized above.   

Other Matters

Inflation – Certain of our expenses, such as wages and benefits, occupancy costs and equipment repair and replacement, are subject to normal inflationary pressures.  Inflation for medical costs can impact both our reserves for self-insured medical plans as well as our reserves for workers' compensation claims.  We monitor the inflationary rate and make adjustments to reserves whenever it is deemed necessary.  Our ability to manage medical costs inflation is dependent upon our ability to manage claims and purchase insurance coverage to limit the maximum exposure for us.  

Foreign Currency Translation – Our primary functional currencies used by our non-U.S. subsidiaries are the Euro, British Pound Sterling (Pound), Mexican (Peso), and Chinese (Yuan).  During the current year, the Euro, Yuan, and Peso have experienced increases but the Pound decreased in value relative to the U.S. Dollar, our reporting currency.  Since June 30, 2012 the Euro has appreciated by 2.8%, the Yuan has appreciated by 2.6%, the Peso has appreciated by 4.9% and the Pound has depreciated by 3.1% (all relative to the U.S. Dollar).  These exchange values were used in translating the appropriate non-U.S. subsidiaries’ balance sheets into U.S. Dollars at the end of the current year.  

Defined Benefit Pension Plans – We record expenses related to these plans based upon various actuarial assumptions such as discount rates and assumed rates of returns.  Based on actions taken to freeze benefits for substantially all participants in the plan and current assumptions, we are projecting a decrease of $2.6 million, or $0.13 per diluted share, of reduced expense related to our legacy U.S. plan in 2014 compared to 2013.

Environmental Matters – To the best of our knowledge, we believe that we are presently in substantial compliance with all existing applicable environmental laws and regulations and do not anticipate any instances of non-compliance that will have a material effect on our future capital expenditures, earnings or competitive position.

Seasonality – We are a diversified business with generally low levels of seasonality, however our fiscal third quarter is typically the period with the lowest level of activity.

Employee Relations – The Company has labor agreements with a number of union locals in the United States and a number of European employees belong to European trade unions.  There are two union contracts expiring during fiscal year 2014.  One has already been successfully renegotiated.  

Critical Accounting Policies

The Consolidated Financial Statements include accounts of the Company and all of our subsidiaries.  The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions in certain circumstances that affect amounts reported in the accompanying Consolidated Financial Statements.  Although, we believe that materially different amounts would not be reported due to the accounting policies described below, the application of these accounting policies involves the exercise of judgment and use of assumptions as to future uncertainties and, as a result, actual results could differ from these estimates.  We have listed a number of accounting policies which we believe to be the most critical.  

Collectability of Accounts Receivable – Accounts Receivable are reduced by an allowance for amounts that may become uncollectible in the future.  Our estimate for the allowance for doubtful accounts related to trade receivables includes evaluation of specific accounts where we have information that the customer may have an inability to meet its financial obligation together with a general provision for unknown but existing doubtful accounts.  

Realizability of Inventories – Inventories are valued at the lower of cost or market.  The Company regularly reviews inventory values on hand using specific aging categories, and records a provision for obsolete and excess inventory based on

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historical usage and estimated future usage.  As actual future demand or market conditions may vary from those projected by management, adjustments to inventory valuations may be required.

Realization of Goodwill - Goodwill and certain indefinite-lived intangible assets are not amortized, but instead are tested for impairment at least annually and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than its carrying amount of the asset. The Company’s annual test for impairment is performed using a May 31st measurement date.

We have identified our reporting units for impairment testing as our twelve operating segments, which are aggregated into our five reporting segments as disclosed in Note 18 – Industry Segment Information.  

The test for impairment is a two step process.  The first step compares the carrying amount of the reporting unit to its estimated fair value (Step 1).  To the extent that the carrying value of the reporting unit exceeds its estimated fair value, a second step is performed, wherein the reporting unit’s carrying value is compared to the implied fair value (Step 2).  To the extent that the carrying value exceeds the implied fair value, impairment exists and must be recognized.

As quoted market prices are not available for the Company’s reporting units, the fair value of the reporting units is determined using a discounted cash flow model (income approach).  This method uses various assumptions that are specific to each individual reporting unit in order to determine the fair value.  In addition, the Company compares the estimated aggregate fair value of its reporting units to its overall market capitalization.

Our annual impairment testing at each reporting unit relied on assumptions surrounding general market conditions, short-term growth rates, a terminal growth rate of 2.5%, and detailed management forecasts of future cash flows prepared by the relevant reporting unit.  Fair values were determined primarily by discounting estimated future cash flows at a weighted average cost of capital of 9.89%.  An increase in the weighted average cost of capital of approximately 350 basis points in the analysis would not result in the identification of any impairments.

While we believe that our estimates of future cash flows are reasonable, changes in assumptions could significantly affect our valuations and result in impairments in the future.  The most significant assumption involved in the Company’s determination of fair value is the cash flow projections of each reporting unit.  Certain reporting units have been significantly impacted by the current global economic downturn and if the effects of the current global economic environment are protracted or the recovery is slower than we have projected estimates of future cash flows for each reporting unit may be insufficient to support the carrying value of the reporting units, requiring the Company to re-assess its conclusions related to fair value and the recoverability of goodwill.

As a result of our annual assessment, the Company determined that the fair value of the reporting units and indefinite-lived intangible assets exceeded their respective carrying values.  Therefore, no impairment charges were recorded in connection with our assessments during 2013.

In connection with the divestiture of ADP, the Company determined that based on the net realizable value of the business in the transaction, the goodwill of the ADP reporting unit was impaired.  As such, the Company recognized $14.9 million in impairment charges in discontinued operations during the second quarter of 2012.

Cost of Employee Benefit Plans – We provide a range of benefits to our employees, including pensions and some postretirement benefits.  We record expenses relating to these plans based upon various actuarial assumptions such as discount rates, assumed rates of return, compensation increases, turnover rates, and health care cost trends.  The expected return on plan assets assumption of 7.25% in the U.S. is based on our expectation of the long-term average rate of return on assets in the pension funds and is reflective of the current and projected asset mix of the funds and considers the historical returns earned on the funds.  We have analyzed the rates of return on assets used and determined that these rates are reasonable based on the plans’ historical performance relative to the overall markets as well as our current expectations for long-term rates of returns for our pension assets.  The U.S. discount rate of 5.1% reflects the current rate at which pension liabilities could be effectively settled at the end of the year.  The discount rate is determined by matching our expected benefit payments from a stream of AA- or higher bonds available in the marketplace, adjusted to eliminate the effects of call provisions.  We review our actuarial assumptions, including discount rate and expected long-term rate of return on plan assets, on at least an annual basis and make modifications to the assumptions based on current rates and trends when appropriate.  Based on information provided by our actuaries and other relevant sources, we believe that our assumptions are reasonable.  

The cost of employee benefit plans includes the selection of assumptions noted above.  A twenty-five basis point change in the expected return on plan assets assumptions, holding our discount rate and other assumptions constant, would increase or

26

decrease pension expense by approximately $0.5 million per year.  A twenty-five basis point change in our discount rate, holding all other assumptions constant, would increase or decrease pension expense by approximately $0.3 million annually.  See the Notes to the Consolidated Financial Statements for further information regarding pension plans.

Business Combinations - The accounting for business combinations requires estimates and judgments as to expectations for future cash flows of the acquired business and the allocation of those cash flows to identifiable intangible assets in determining the estimated fair values for assets acquired and liabilities assumed.  The fair values assigned to tangible and intangible assets acquired and liabilities assumed, are based on management’s estimates and assumptions, as well as other information compiled by management, including valuations that utilize customary valuation procedures and techniques.  If the actual results differ from the estimates and judgments used in these fair values, the amounts recorded in the consolidated financial statements could result in a possible impairment of the intangible assets and goodwill, or require acceleration of the amortization expense of finite-lived intangible assets.

Allocations of the purchase price for acquisitions are based on estimates of the fair value of the net assets acquired and are subject to adjustment upon finalization of the purchase price allocation.  During this measurement period, the Company will adjust assets or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets and liabilities as of that date.  All changes that do not qualify as measurement period adjustments are included in current period earnings.

Recently Issued Accounting Pronouncements

In January 2013, the FASB issued ASU 2013-01, "Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities", which clarifies the scope of the offsetting disclosures of ASU 2011-11.  This amendment requires disclosing and reconciling gross and net amounts for financial instruments that are offset in the balance sheet, and amounts for financial instruments that are subject to master netting arrangements and other similar clearing and repurchase arrangements.  We adopted ASU 2013-01 effective January 1, 2013, which did not have a material impact on our disclosures

In February 2013, the FASB issued guidance on disclosure requirements for items reclassified out of accumulated other comprehensive income (“AOCI”).  This new guidance requires entities to present (either on the face of the income statement or in the notes) the effects on the line items of the income statement for amounts reclassified out of AOCI.  The new guidance will be effective for us beginning July 1, 2013.  Other than requiring additional disclosures, we do not anticipate material impacts on our financial statements upon adoption.

In March 2013, the FASB issued guidance on a parent’s accounting for the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity.  This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided.  The new guidance will be effective for us beginning July 1, 2014.  We do not anticipate material impacts on our financial statements upon adoption.

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk

Risk Management

We are exposed to market risks from changes in interest rates, commodity prices and changes in foreign currency exchange.  To reduce these risks, we selectively use, from time to time, financial instruments and other proactive management techniques.  We have internal policies and procedures that place financial instruments under the direction of the Treasurer and restrict all derivative transactions to those intended for hedging purposes only.  The use of financial instruments for trading purposes (except for certain investments in connection with the non-qualified defined contribution plan) or speculation is strictly prohibited.  The Company has no majority-owned subsidiaries that are excluded from the consolidated financial statements.  Further, we have no interests in or relationships with any special purpose entities.  

Exchange Risk

We are exposed to both transactional risk and translation risk associated with exchange rates.  The transactional risk is mitigated, in large part, by natural hedges developed with locally denominated debt service on intercompany accounts.  We also mitigate certain of our foreign currency exchange rate risks by entering into forward foreign currency contracts from time to time.  The contracts are used as a hedge against anticipated foreign cash flows, such as dividend payments, loan payments, and materials purchases, and are not used for trading or speculative purposes.  The fair values of the forward foreign currency exchange contracts are sensitive to changes in foreign currency exchange rates, as an adverse change in foreign currency

27

exchange rates from market rates would decrease the fair value of the contracts.  However, any such losses or gains would generally be offset by corresponding gains and losses, respectively, on the related hedged asset or liability.  At June 30, 2013 and 2012, the fair value, in the aggregate, of the Company’s open foreign exchange was $1.4 million and $0.3 million respectively.  

Our primary translation risk is with the Euro, British Pound Sterling, and Chinese Yuan.  A hypothetical 10% appreciation or depreciation of the value of any these foreign currencies to the U.S. Dollar at June 30, 2013, would not result in a material change in our operations, financial position, or cash flows.  We do not hedge our translation risk.  As a result, fluctuations in currency exchange rates can affect our stockholders’ equity.

Interest Rate

The Company’s effective rate on variable-rate borrowings under the revolving credit agreement is 3.65% and 3.67% at June 30, 2013 and 2012, respectively.  Our interest rate exposure is limited primarily to interest rate changes on our variable rate borrowings. From time to time, we will use interest rate swap agreements to modify our exposure to interest rate movements.  We currently have a $50.0 million of floating to fixed rate swaps with terms ranging from two to five years.  These swaps convert our interest payments from LIBOR to a weighted average rate of 2.29%.  Due to the impact of the swaps, an increase in interest rates would not materially impact our annual interest expense at June 30, 2013.  

Concentration of Credit Risk

We have a diversified customer base.  As such, the risk associated with concentration of credit risk is inherently minimized.  As of June 30, 2013, no one customer accounted for more than 5% of our consolidated outstanding receivables or of our sales.

Commodity Prices

The Company is exposed to fluctuating market prices for all commodities used in its manufacturing processes.  Each of our segments is subject to the effects of changing raw material costs caused by the underlying commodity price movements.  In general, we do not enter into purchase contracts that extend beyond one operating cycle.  While Standex considers our relationship with our suppliers to be good, there can be no assurances that we will not experience any supply shortage.

The Engineering Technologies, Food Service Equipment and Electronics and Hydraulics Groups are all sensitive to price increases for steel products, other metal commodities and petroleum based products.  In the past year, we have experienced price fluctuations for a number of materials including steel, copper wire, other metal commodities, refrigeration components and foam insulation.  These materials are some of the key elements in the products manufactured in these segments.  Wherever possible, we will implement price increases to offset the impact of changing prices.  The ultimate acceptance of these price increases, if implemented, will be impacted by our affected divisions’ respective competitors and the timing of their price increases.

Item 8.  Financial Statements and Supplementary Data

Consolidated Balance Sheets
Standex International Corporation and Subsidiaries
As of June 30 (in thousands, except share data)	2013		2012
ASSETS
Current assets:
Cash and cash equivalents	$	51,064	$	54,749
Accounts receivable, net		102,268		99,432
Inventories		84,956		73,076
Prepaid expenses and other current assets		7,776		6,255
Income taxes receivable		-		3,568
Deferred tax asset		12,237		12,190
Total current assets		258,301		249,270
Property, plant, equipment, net		95,020		82,563

28

Intangible assets, net		25,837		19,818
Goodwill		111,905		100,633
Deferred tax asset		-		6,618
Other non-current assets		19,510		20,909
Total non-current assets		252,272		230,541
Total assets	$	510,573	$	479,811
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	69,854	$	62,113
Accrued liabilities		46,981		51,124
Income taxes payable		1,638		3,548
Total current liabilities		118,473		116,785
Long-term debt		50,072		50,000
Deferred income taxes		7,838		4,644
Pension obligations		33,538		53,550
Other non-current liabilities		9,664		11,925
Total non-current liabilities		101,112		120,119
Commitments and Contingencies (Notes 11 and 12)
Stockholders' equity:
Common stock, par value $1.50 per share -
60,000,000 shares authorized, 27,984,278
issued, 12,549,806 and 12,523,866 shares
outstanding in 2013 and 2012		41,976		41,976
Additional paid-in capital		37,199		34,928
Retained earnings		546,031		505,163
Accumulated other comprehensive loss		(65,280)		(75,125)
Treasury shares (15,434,472 shares in 2013
and 15,460,412 shares in 2012)		(268,938)		(264,035)
Total stockholders' equity		290,988		242,907
Total liabilities and stockholders' equity	$	510,573	$	479,811
See notes to consolidated financial statements.

Consolidated Statements of Operations
Standex International Corporation and Subsidiaries
For the Years Ended June 30 (in thousands, except per share data)	2013		2012		2011
Net sales	$	701,260	$	634,640	$	581,369
Cost of sales		475,164		426,156		389,831
Gross profit		226,096		208,484		191,538
Selling, general and administrative		159,601		146,995		137,807
Gain on sale of real estate		-		(4,776)		(3,368)
Restructuring costs		2,666		1,685		1,843

29

Income from operations		63,829		64,580		55,256
Interest expense		2,469		2,280		2,107
Other, net		128		(519)		201
Total		2,597		1,761		2,308
Income from continuing operations before income taxes		61,232		62,819		52,948
Provision for income taxes		15,910		15,912		14,922
Income from continuing operations		45,322		46,907		38,026
Income (loss) from discontinued operations, net of tax		(474)		(16,002)		(2,659)
Net income	$	44,848	$	30,905	$	35,367
Basic earnings per share:
Income (loss) from continuing operations	$	3.61	$	3.75	$	3.05
Income (loss) from discontinued operations		(0.04)		(1.28)		(0.22)
Total	$	3.57	$	2.47	$	2.83
Diluted earnings per share:
Income (loss) from continuing operations	$	3.55	$	3.67	$	2.98
Income (loss) from discontinued operations		(0.04)		(1.25)		(0.21)
Total	$	3.51	$	2.42	$	2.77
See notes to consolidated financial statements.

Consolidated Statements of Comprehensive Income
Standex International Corporation and Subsidiaries
For the Years Ended June 30, 2013 (in thousands)	2013			2012	2011
Net income (loss)	$	44,848	$	30,905	$	35,367
Other comprehensive income (loss):
Defined benefit pension plans:
Actuarial gains (losses) and other changes in unrecognized costs	$	12,640	$	(38,283)	$	14,971
Amortization of unrecognized costs		8,701		5,603		5,193
Derivative instruments:
Change in unrealized gains and losses		(195)		(1,987)		(1,295)
Amortization of unrealized gains and losses into interest expense		1,050		820		780
Foreign currency translation adjustments		(4,025)		(7,847)		9,075
Other comprehensive income (loss) before tax	$	18,171	$	(34,667)	$	28,724
Income tax provision (benefit):
Defined benefit pension plans:
Actuarial gains (losses) and other changes in unrecognized costs	$	(4,836)	$	13,848	$	(5,428)
Amortization of unrecognized costs		(3,165)		(2,793)		(1,933)
Derivative instruments:
Change in unrealized gains and losses		75		752		434

30

Amortization of unrealized gains and losses into interest expense		(400)		(310)		(269)
Income tax provision benefit to other comprehensive income (loss)	$	(8,326)	$	11,497	$	(7,196)
Other comprehensive income (loss), net of tax		9,845		(23,170)		21,528
Comprehensive income (loss)	$	54,693	$	7,735	$	56,895

See notes to consolidated financial statements.

Consolidated Statements of Stockholders' Equity
Standex International Corporation and Subsidiaries												Accumulated
					Additional							Other										Total
		Common		Paid-in				Retained			Comprehensive			Treasury Stock						Stockholders’
For the Years Ended June 30 (in thousands)		Stock		Capital				Earnings			Income (Loss)			Shares			Amount				Equity
Balance, June 30, 2010	$	41,976	$	31,460		$	445,313		$	(66,456)			15,536		$	(260,230)		$	192,063
Stock issued for employee stock option and
purchase plans, including related income tax benefit				(2,037)									(183)			3,078			1,041
Stock-based compensation				3,805															3,805
Treasury stock acquired													183			(5,237)			(5,237)
Comprehensive income:
Net Income							35,367												35,367
Foreign currency translation adjustment										9,075									9,075
Pension and OPEB adjustments, net of tax of ($7.4)
million										12,803									12,803
Change in fair value of derivatives, net of tax of $0.2
million										(350)									(350)
Dividends paid ($.23 per share)							(2,954)												(2,954)
Balance, June 30, 2011	$	41,976	$	33,228		$	477,726		$	(44,928)			15,536		$	(262,389)		$	245,613
Stock issued for employee stock option and
purchase plans, including related income tax benefit
and other				(2,156)									(229)			3,875			1,719
Stock-based compensation				3,856															3,856
Treasury stock acquired													154			(5,521)			(5,521)
Comprehensive income:
Net Income							30,905												30,905
Foreign currency translation adjustment										(7,847)									(7,847)
Pension and OPEB adjustments, net of tax of $11.1
million										(21,625)									(21,625)
Change in fair value of derivatives, net of tax of $0.4
million										(725)									(725)
Dividends paid ($.27 per share)							(3,468)												(3,468)
Balance, June 30, 2012	$	41,976	$	34,928		$	505,163		$	(75,125)			15,461		$	(264,035)		$	242,907
Stock issued for employee stock option and
purchase plans, including related income tax benefit
and other				(1,072)									(210)			3,606			2,534
Stock-based compensation				3,343															3,343
Treasury stock acquired													184			(8,509)			(8,509)
Comprehensive income:
Net Income							44,848												44,848
Foreign currency translation adjustment										(4,025)									(4,025)
Pension and OPEB adjustments, net of tax of ($8.0)

31

million								13,340					13,340
Change in fair value of derivatives, net of tax of
($0.3) million								530					530
Dividends paid ($.31 per share)						(3,980)							(3,980)
Balance, June 30, 2013	$	41,976	$	37,199	$	546,031	$	(65,280)	15,435	$	(268,938)	$	290,988

See notes to consolidated financial statements.

Consolidated Statements of Cash Flows
Standex International Corporation and Subsidiaries
For the Years Ended June 30 (in thousands)	2013		2012			2011
Cash Flows from Operating Activities
Net income	$	44,848	$	30,905	$		35,367
Income (loss) from discontinued operations		(474)		(16,002)			(2,659)
Income (loss) from continuing operations		45,322		46,907			38,026
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		15,547		13,490			13,274
Stock-based compensation		3,343		3,768			3,805
Deferred income taxes		(2,402)		2,376			(673)
Non-cash portion of restructuring charge		(31)		81			485
(Gain)/loss on sale of real estate		-		(4,776)			(3,368)
Increase/(decrease) in cash from changes in assets and liabilities,
net of effects from discontinued operations and business acquisitions:
Accounts receivables, net		3,001		(5,883)			(2,535)
Inventories		(215)		876			(11,845)
Contributions to defined benefit plans		(4,578)		(7,268)			(506)
Prepaid expenses and other		(3,294)		(2,742)			(1,296)
Accounts payable		3,832		(651)			12,665
Accrued payroll, employee benefits and other liabilities		2,228		4,375			6,019
Income taxes payable		696		(3,112)			6,783
Net cash provided by operating activities from continuing operations		63,449		47,441			60,834
Net cash used for operating activities from discontinued operations		(3,268)		(3,775)			(4,497)
Net cash provided by operating activities		60,181		43,666			56,337
Cash Flows from Investing Activities
Expenditures for capital assets		(14,147)		(9,936)			(5,919)
Expenditures for acquisitions, net of cash acquired		(39,613)		-			(26,603)
Expenditures for executive life insurance policies		(435)		(476)			(514)
Proceeds withdrawn from life insurance policies		1,480		152			415
Proceeds from sale of real estate and equipment		28		5,207			5,746
Other investing activity		-		(2,367)			(1,242)
Net cash provided by (used for) investing activities from continuing operations		(52,687)		(7,420)			(28,117)
Net cash provided by (used for) investing activities from discontinued operations		-		16,004			(132)
Net cash provided by (used for) investing activities		(52,687)		8,584			(28,249)
Cash Flows from Financing Activities
Proceeds from borrowings		121,000		210,500			73,000
Payments of debt		(121,785)		(210,300)			(116,500)
Short-term borrowings, net		-		(1,800)			1,800
Stock issued under employee stock option and purchase plans		279		316			342
Excess tax benefit associated with stock option exercises		1,990		649			247
Cash dividends paid		(3,891)		(3,383)			(2,875)
Purchase of treasury stock		(8,509)		(5,521)			(5,237)
Net cash used for financing activities from continuing operations		(10,916)		(9,539)			(49,223)
Net cash used for financing activities from discontinued operations		-		-			-
Net cash used for financing activities		(10,916)		(9,539)			(49,223)
Effect of exchange rate changes on cash		(263)		(2,369)			1,912
Net change in cash and cash equivalents		(3,685)		40,342			(19,223)
Cash and cash equivalents at beginning of year		54,749		14,407			33,630
Cash and cash equivalents at end of year	$	51,064	$	54,749		$	14,407
Supplemental Disclosure of Cash Flow Information:
Cash paid during the year for:
Interest	$	2,193	$	1,792		$	1,837
Income taxes, net of refunds	$	14,018	$	13,377		$	5,673
See notes to consolidated financial statements.

STANDEX INTERNATIONAL CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.  SUMMARY OF ACCOUNTING POLICIES

Basis of Presentation and Consolidation

Standex International Corporation (“Standex” or the “Company”) is a diversified manufacturing company with operations in the United States, Europe, Asia, Africa, and Latin America.  The accompanying consolidated financial statements include the accounts of Standex International Corporation and its subsidiaries and are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).  All intercompany accounts and transactions have been eliminated in consolidation.

During the year ended June 30, 2012, the Company completed the divestiture of its ADP business.  As a result, all periods have been restated to reflect the operations of ADP as discontinued operations.  For further information, please see Note 15 – Discontinued Operations.

The Company considers events or transactions that occur after the balance sheet date, but before the financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure.  We evaluated subsequent events through the date and time our consolidated financial statements were issued.  

Accounting Estimates

The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements and for the period then ended.  Estimates are based on historical experience, actuarial estimates, current conditions and various other assumptions that are believed to be reasonable under the circumstances.  These estimates form the basis for making judgments about the carrying values of assets and liabilities when they are not readily apparent from other sources.  These estimates assist in the identification and assessment of the accounting treatment necessary with respect to commitments and contingencies.  Actual results may differ from these estimates under different assumptions or conditions.

Cash and Cash Equivalents

Cash and cash equivalents include highly liquid investments purchased with a maturity of three months or less.  These investments are carried at cost, which approximates fair value.  At June 30, 2013 and 2012, the Company’s cash was comprised solely of cash on deposit.

Trading Securities

The Company purchases investments in connection with the KEYSOP Plan for certain retired executives and for its non-qualified defined contribution plan for employees who exceed certain thresholds under our traditional 401(k) plan.  These investments are classified as trading and reported at fair value.  The investments generally consist of mutual funds, are included in other non-current assets and amounted to $2.5 million and $3.5 million at June 30, 2013 and 2012, respectively.  Gains and losses on these investments are recorded as other non-operating income (expense), net in the Consolidated Statements of Operations.

Accounts Receivable Allowances

The Company has provided an allowance for doubtful accounts reserve which represents the best estimate of probable loss inherent in the Company’s account receivables portfolio.  This estimate is derived from the Company’s knowledge of its end markets, customer base, products, and historical experience.

The changes in the allowances for uncollectible accounts during 2013, 2012, and 2011 were as follows (in thousands):

	2013		2012		2011
Balance at beginning of year	$	1,986	$	2,201	$	1,882
Provision charged to expense		453		366		697
Write-offs, net of recoveries		(107)		(581)		(378)
Balance at end of year	$	2,332	$	1,986	$	2,201

Inventories

Inventories are stated at the lower of (first-in, first-out) cost or market.  

Long-Lived Assets

Long-lived assets that are used in operations, excluding goodwill and identifiable intangible assets, are tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable.  Recognition and measurement of a potential impairment loss is performed on assets grouped with other assets and liabilities at the lowest level where identifiable cash flows are largely independent of the cash flows of other assets and liabilities.  An impairment loss is the amount by which the carrying amount of a long-lived asset (asset group) exceeds its estimated fair value.  Fair value is determined based on discounted cash flows or appraised values, depending upon the nature of the assets.

Property, Plant and Equipment

Property, plant and equipment are reported at cost less accumulated depreciation.  Depreciation is recorded on assets over their estimated useful lives, generally using the straight-line method.  Lives for property, plant and equipment are as follows:

Routine maintenance costs are expensed as incurred.  Major improvements are capitalized.  Major improvements to leased buildings are capitalized as leasehold improvements and depreciated over the lesser of the lease term or the life of the improvement.

Goodwill and Identifiable Intangible Assets

All business combinations are accounted for using the acquisition method, and goodwill and identifiable intangible assets, with indefinite lives, are not amortized, but are reviewed annually for impairment or more frequently if impairment indicators arise.  Identifiable intangible assets that are not deemed to have indefinite lives are amortized on an accelerated basis over the following useful lives:  

Customer relationships	5 to 16 years
Patents	12 years
Non-compete agreements	5 to 10 years
Other	10 years
Trade names	Indefinite life

See discussion of the Company’s assessment of impairment in Note 5 – Goodwill, and Note 6 – Intangible Assets.

Fair Value of Financial Instruments

The financial instruments, shown below, are presented at fair value.  Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters.  Where observable prices or inputs are not available, valuation models may be applied.

Assets and liabilities recorded at fair value in the consolidated balance sheet are categorized based upon the level of judgment associated with the inputs used to measure their fair values.  Hierarchical levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities and the methodologies used in valuation are as follows:

Level 1 – Quoted prices in active markets for identical assets and liabilities.  The Company’s KEYSOP and deferred compensation plan assets consist of shares in various mutual funds (for the deferred compensation plan, investments are participant-directed) which invest in a broad portfolio of debt and equity securities.  These assets are valued based on publicly quoted market prices for the funds’ shares as of the balance sheet dates.  For pension assets (see Note 17 – Employee Benefit Plans), securities are valued based on quoted market prices for securities held directly by the trust.

Level 2 – Inputs, other than quoted prices in an active market, that are observable either directly or indirectly through correlation with market data.   For foreign exchange forward contracts and interest rate swaps, the Company values the instruments based on the market price of instruments with similar terms, which are based on spot and forward rates as of the balance sheet dates.  For pension assets held in commingled funds (see Note 17 – Employee Benefit Plans) the Company values investments based on the net asset value of the funds, which are derived from the quoted market prices of the underlying fund holdings.The Company has considered the creditworthiness of counterparties in valuing all assets and liabilities.

Level 3– Unobservable inputs based upon the Company’s best estimate of what market participants would use in pricing the asset or liability.

We did not have any transfers of assets and liabilities between Level 1 and Level 2 of the fair value measurement hierarchy at June 30, 2013 and 2012.

Cash and cash equivalents, accounts receivable, and accounts payable are carried at cost, which approximates fair value.

The fair values of our financial instruments at June 30, 2013 and 2012 were (in thousands):

			2013
		Total		Level 1		Level 2		Level 3
Financial Assets
	Marketable securities - deferred compensation plan	$	2,478	$	2,478	$	-	$	-
	Foreign Exchange contracts		37				37		-
Financial Liabilities
	Foreign Exchange contracts	$	1,443	$	-	$	1,443	$	-
	Interest rate swaps		1,875		-		1,875		-
			2012
		Total		Level 1		Level 2		Level 3
Financial Assets
	Marketable securities - KEYSOP assets	$	1,847	$	1,847	$	-	$	-
	Marketable securities - deferred compensation plan		1,697		1,697		-		-
	Foreign Exchange contracts		96		-		96		-
Financial Liabilities
	Foreign Exchange contracts	$	231	$	-	$	231	$	-
	Interest rate swaps		2,734		-		2,734		-

Concentration of Credit Risk

The Company is subject to credit risk through trade receivables and short-term cash investments.  Concentration of risk with respect to trade receivables is minimized because of the diversification of our operations, as well as our large customer base and our geographical dispersion.  No individual customer accounts for more than 5% of revenues or accounts receivable in the periods presented.

Short-term cash investments are placed with high credit-quality financial institutions.  The Company monitors the amount of credit exposure in any one institution or type of investment instrument.  

Revenue Recognition

The Company’s product sales are recorded when persuasive evidence of an arrangement exists, delivery has occurred, the price to the buyer is fixed or determinable, and collectability is reasonably assured. For products that include installation, and if the installation meets the criteria to be considered a separate element, product revenue is recognized upon delivery, and installation revenue is recognized when the installation is complete.  Revenues under certain fixed price contracts are generally recorded when deliveries are made.

Sales and estimated profits under certain long-term contracts are recognized under the percentage-of-completion methods of accounting, whereby profits are recorded pro rata, based upon current estimates of costs to complete such contracts.  Losses on contracts are provided for in the period in which the losses become determinable.  Revisions in profit estimates are reflected on a cumulative basis in the period in which the basis for such revision becomes known. Any excess of the billings over cost and estimated earnings on long-term contracts is included in deferred revenue.

Cost of Goods Sold and Selling, General and Administrative Expenses

The Company includes expenses in either cost of goods sold or selling, general and administrative categories based upon the natural classification of the expenses.  Cost of goods sold includes expenses associated with the acquisition, inspection, manufacturing and receiving of materials for use in the manufacturing process.  These costs include inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs as well as depreciation, amortization, wages, benefits and other costs that are incurred directly or indirectly to support the manufacturing process.  Selling, general and administrative includes expenses associated with the distribution of our products, sales effort, administration costs and other costs that are not incurred to support the manufacturing process.  The Company records distribution costs associated with the sale of inventory as a component of selling, general and administrative expenses in the Consolidated Statements of Operations.  These expenses include warehousing costs, outbound freight charges and costs associated with distribution personnel.  Our gross profit margins may not be comparable to those of other entities due to different classifications of costs and expenses.

Research and Development

Research and development expenditures are expensed as incurred.  Total research and development costs, which are classified under selling, general, and administrative expenses, were $4.4 million, $4.4 million, and $4.0 million for the years ended June 30, 2013, 2012, and 2011, respectively.

Warranties

The expected cost associated with warranty obligations on our products is recorded when the revenue is recognized.  The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Since warranty estimates are forecasts based on the best available information, claims costs may differ from amounts provided.  Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.

The changes in warranty reserve, which are recorded as accrued liabilities, during 2013, 2012, and 2011 were as follows (in thousands):

	2013		2012		2011
Balance at beginning of year	$	6,083	$	5,131	$	4,761
Warranty expense		5,090		4,459		2,685
Warranty claims		(4,062)		(3,507)		(2,315)
Balance at end of year	$	7,111	$	6,083	$	5,131

Stock-Based Compensation Plans

Restricted stock awards generally vest over a three-year period.  Compensation expense associated with these awards is recorded based on their grant-date fair values and is generally recognized on a straight-line basis over the vesting period except for awards with performance conditions, which are recognized on a graded vesting schedule.  Compensation cost for an award with a performance condition is based on the probable outcome of that performance condition.  The stated vesting period is considered substantive for retirement eligible participants.  Accordingly, the Company recognizes any remaining unrecognized compensation expense upon participant retirement.

Foreign Currency Translation

The functional currency of our non-U.S. operations is generally the local currency.  Assets and liabilities of non-U.S. operations are translated into U.S. Dollars on a monthly basis using period-end exchange rates. Revenues and expenses of these operations are translated using average exchange rates.  The resulting translation adjustment is reported as a component of comprehensive income (loss) in the consolidated statements of stockholders’ equity and comprehensive income.  Gains and losses from foreign currency transactions are included in results of operations and were not material for any period presented.

Derivative Instruments and Hedging Activities

The Company recognizes all derivatives on its balance sheet at fair value.

Forward foreign currency exchange contracts are periodically used to limit the impact of currency fluctuations on certain anticipated foreign cash flows, such as foreign purchases of materials and loan payments from subsidiaries.  The Company enters into such contracts for hedging purposes only.  For hedges of intercompany loan payments, the Company records derivative gains and losses directly to the statement of operations due to the general short-term nature and predictability of the transactions.

The Company also uses interest rate swaps to manage exposure to interest rates on the Company’s variable rate indebtedness.  The Company values the swaps based on contract prices in the derivatives market for similar instruments.  The Company has designated the swaps as cash flow hedges, and changes in the fair value of the swaps are recognized in other comprehensive income (loss) until the hedged items are recognized in earnings. Hedge ineffectiveness, if any, associated with the swaps will be reported by the Company in interest expense.

The Company does not hold or issue derivative instruments for trading purposes.

Income Taxes

Deferred assets and liabilities are recorded for the expected future tax consequences of events that have been included in the financial statements or tax returns.  Deferred tax assets and liabilities are determined based on the differences between the financial statements and the tax bases of assets and liabilities using enacted tax rates.  Valuation allowances are provided when the Company does not believe it more likely than not the benefit of identified tax assets will be realized.

The Company provides reserves for potential payments of tax to various tax authorities related to uncertain tax positions and other issues.  The Company accounts for uncertain tax positions based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is more likely than not to be realized following resolution of any potential contingencies present related to the tax benefit, assuming that the matter in question will be raised by the tax authorities.  Interest and penalties associated with such uncertain tax positions are recorded as a component of income tax expense.

Earnings Per Share

(share amounts in thousands)	2013	2012	2011
Basic – Average Shares Outstanding	12,561	12,517	12,475
Effect of Dilutive Securities – Stock Options and
Restricted Stock Awards	219	270	277
Diluted – Average Shares Outstanding	12,780	12,787	12,752

Both basic and dilutive income is the same for computing earnings per share.  There were no outstanding instruments that had an anti-dilutive effect at June 30, 2013, 2012 and 2011.

Recently Issued Accounting Pronouncements

In January 2013, the FASB issued ASU 2013-01, "Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities", which clarifies the scope of the offsetting disclosures of ASU 2011-11.  This amendment requires disclosing and reconciling gross and net amounts for financial instruments that are offset in the balance sheet, and amounts for financial instruments that are subject to master netting arrangements and other similar clearing and repurchase arrangements.  We adopted ASU 2013-01 effective January 1, 2013, which did not have a material impact on our disclosures

In February 2013, the FASB issued guidance on disclosure requirements for items reclassified out of accumulated other comprehensive income (“AOCI”).  This new guidance requires entities to present (either on the face of the income statement or in the notes) the effects on the line items of the income statement for amounts reclassified out of AOCI.  The new guidance will be effective for us beginning July 1, 2013.  Other than requiring additional disclosures, we do not anticipate material impacts on our financial statements upon adoption.

In March 2013, the FASB issued guidance on a parent’s accounting for the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity.  This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided.  The new guidance will be effective for us beginning July 1, 2014. We do not anticipate material impacts on our financial statements upon adoption.

2.  ACQUISITIONS

In July 2012, the Company acquired Meder electronic AG (“Meder”), a German manufacturer of magnetic reed switch, reed relay, and reed sensor products.  Meder, whose products and geographic markets are complementary to Standex Electronics, is reported under the Electronics Products Group.  This investment substantially broadens the global footprint, product line offerings, and end-user markets of the Electronics segment.

The Company paid $43.2 million in cash for 100% of the equity of Meder.  Acquired intangible assets of $8.2 million consist of $3.4 million of trademarks, which are indefinite-lived, and $4.8 million of customer relationships, which are expected to be amortized over a period of 10 years.  Acquired goodwill of $12.1 million is not deductible for income tax purposes due to the nature of the transaction.  The Company finalized the purchase price allocation during the quarter ended December 31, 2012.  

The components of the fair value of the Meder acquisition, including the initial allocation of the purchase price and subsequent measurement period adjustments, are as follows (in thousands):

		Preliminary Allocation		Adjustments			Meder Electronic
Fair value of business combination:
	Cash payments	$	42,103	$	1,078	$	43,181
	Less: cash acquired		(3,568)		-		(3,568)
	Total	$	38,535	$	1,078	$	39,613
Identifiable assets acquired and liabilities assumed
	Current Assets	$	20,246	$	-	$	20,246
	Property, plant, and equipment		10,651		409		11,060
	Identifiable intangible assets		8,200		-		8,200
	Goodwill		11,131		932		12,063
	Other non-current assets		222		-		222
	Liabilities Assumed		(8,682)		40		(8,642)
	Deferred taxes		(3,233)		(303)		(3,536)
	Total	$	38,535	$	1,078	$	39,613

In March 2011, the Company acquired Metal Spinners Group, Ltd. (“Metal Spinners”), a U.K.-based metal fabrication supplier. Metal Spinners, which uses technology similar to Spincraft, is reported under the Engineering Technologies Group.  The acquisition provides the Company with access to new end-user and geographic markets in the medical, general industrial and oil and gas markets in the U.S., U.K., Europe, and China.

The Company paid $23.9 million in cash for 100% of the equity of Metal Spinners.  Acquired intangible assets of $5.7 million consist entirely of customer relationships, which are expected to be amortized over a weighted average period of 8.66 years.

The components of the fair value of the Metal Spinners acquisition and final allocation reported at June 30, 2011 are as follows (in thousands):

			Metal Spinners Group
Fair value of business combination:
	Cash payments	$	23,887
	Less: cash acquired		(1,652)
	Total	$	22,235
Identifiable assets acquired and liabilities assumed
	Current assets	$	5,349
	Property, plant, and equipment		6,534
	Identifiable intangible assets		5,727
	Goodwill		11,288
	Deferred taxes		(2,837)
	Liabilities assumed		(3,826)
	Total	$	22,235

Subsequent to acquisition, revenues and earnings for Metal Spinners in 2011 were $6.4 million and $0.2 million, respectively.  Included in earnings are $0.7 million of purchase accounting-related expenses.

Other 2011 Acquisitions

The Company made three additional acquisitions during 2011 – two in the Engraving Group and one in the Food Service Equipment Group.  Total consideration transferred in the aggregate for these acquisitions was $4.7 million.  Acquired intangible assets of $1.6 million consist of $1.0 million of amortizing intangible assets expected to be amortized over a weighted average period of 12.38 years.

The components of the fair value of other 2011 acquisitions and the final allocation of their purchase price are as follows (in thousands):

			Other
Fair value of business combination:
	Cash payments	$	4,368
	Deferred consideration		350
	Total	$	4,718
Identifiable assets acquired and liabilities assumed
	Current assets		1,705
	Property, plant, and equipment		518
	Identifiable intangible assets		1,619
	Goodwill		1,368
	Liabilities assumed		(492)
	Total	$	4,718

3.  INVENTORIES

Inventories are comprised of (in thousands):

June 30		2013		2012
Raw materials	$	37,906	$	33,208
Work in process		24,112		21,833
Finished goods		22,938		18,035
Total	$	84,956	$	73,076

Distribution costs associated with the sale of inventory are recorded as a component of selling, general and administrative expenses and were $20.9 million, $19.9 million, and $17.8 million in 2013, 2012, and 2011, respectively.

4.  PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following (in thousands):

June 30		2013		2012
Land, buildings and
leasehold improvements	$	77,690	$	69,933
Machinery, equipment and  other		156,539		142,495
Total		234,229		212,428
Less accumulated depreciation		139,209		129,865
Property, plant and equipment - net	$	95,020	$	82,563

Depreciation expense for the years ended June 30, 2013, 2012, and 2011 totaled $12.9 million, $10.8 million, and $10.9 million, respectively.

5.  GOODWILL

Goodwill and certain indefinite-lived intangible assets are not amortized, but instead are tested for impairment at least annually and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than its carrying amount of the asset.  The Company’s annual test for impairment is performed using a May 31st measurement date.

The Company has identified our reporting units for impairment testing as its eleven operating segments, which are aggregated into five reporting segments as disclosed in Note 18 – Industry Segment Information.  

As quoted market prices are not available for the Company’s reporting units, the fair value of the reporting units is determined using a discounted cash flow model (income approach).  This method uses various assumptions that are specific to each individual reporting unit in order to determine the fair value.  In addition, the Company compares the estimated aggregate fair value of its reporting units to its overall market capitalization.

While the Company believes that estimates of future cash flows are reasonable, changes in assumptions could significantly affect valuations and result in impairments in the future.  The most significant assumption involved in the Company’s determination of fair value is the cash flow projections of each reporting unit.  Certain reporting units have been significantly impacted by the current global economic downturn.  If the effects of the current global economic environment are protracted or the recovery is slower than projected, estimates of future cash flows for each reporting unit may be insufficient to support the carrying value of the reporting units, requiring the Company to re-assess its conclusions related to fair value and the recoverability of goodwill.

As a result of our annual assessment, the Company determined that the fair value of the reporting units and indefinite-lived intangible assets exceeded their respective carrying values.  Therefore, no impairment charges were recorded in connection with our assessments during 2013 and 2012.

In connection with the divestiture of the Air Distribution Products (“ADP”) business, the Company determined that, based on the net realizable value of the business in the transaction, the goodwill of the ADP reporting unit was impaired.  As such, the Company recognized $14.9 million in impairment charges in discontinued operations during the second quarter of 2012.  

Changes to goodwill during the years ended June 30, 2013 and 2012 are as follows (in thousands):

	2013		2012
Balance at beginning of year	$	118,572	$	120,378
Accumulated impairment losses		17,939		17,939
Balance at beginning of year, net		100,633		102,439
Acquisitions		12,063		-
Measurement period adjustments and other		-		(263)
Foreign currency translation		(791)		(1,543)
Balance at end of year	$	111,905	$	100,633

6.  INTANGIBLE ASSETS

Intangible assets consist of the following (in thousands):

		Customer		Trademarks
		Relationships		(Indefinite-lived)		Other		Total
June 30, 2013
Cost	$	31,850	$	12,878	$	4,228	$	48,956
Accumulated amortization		(19,529)		-		(3,590)		(23,119)
Balance, June 30, 2013	$	12,321	$	12,878	$	638	$	25,837
June 30, 2012
Cost	$	27,062	$	9,406	$	3,846	$	40,314
Accumulated amortization		(17,003)		-		(3,493)		(20,496)
Balance, June 30, 2012	$	10,059	$	9,406	$	353	$	19,818

Amortization expense (excluding impairment) for the years ended June 30, 2013, 2012, and 2011 totaled $2.7 million, $2.7 million, and $2.4 million, respectively. At June 30, 2013, aggregate amortization expense is estimated to be $2.5 million in fiscal 2014, $2.2 million in fiscal 2015, $1.8 million in fiscal 2016, $1.4 million in fiscal 2017, $1.3 million in fiscal 2018, and $3.8 million thereafter.

7.  DEBT

Long-term debt is comprised of the following at June 30 (in thousands):

		2013		2012
Bank credit agreements	$	50,072	$	50,000
Other		-		-
Total		50,072		50,000
Less current portion		-		-
Total long-term debt	$	50,072	$	50,000

Long-term debt is due as follows (in thousands):  

2014		-
2015		-
2016		-
2017	$	50,072
2018
Thereafter		-

Bank Credit Agreements

On January 5, 2012, the Company entered into a five-year $225 million unsecured Revolving Credit Facility (“Credit Agreement”), which includes a letter of credit sub-facility with a limit of $30 million and a $100 million accordion feature.  The new credit facility replaced the company’s existing $150 million five-year credit agreement that was scheduled to expire in September 2012.  Interest is payable on borrowings at either a LIBOR or base rate benchmark rate plus an applicable margin, which will fluctuate based on financial performance.  The Credit Agreement requires a ratio of funded debt to EBITDA (as defined in the Credit Agreement) of no greater than 3.5:1, an interest coverage ratio of no less than 3:1, as well as customary affirmative and negative covenants and events of default. The Credit Agreement also includes certain requirements related to acquisitions and dispositions.  Borrowings under the Credit Agreement are guaranteed by the Company’s domestic subsidiaries and are unsecured.  The Company intends to use this Credit Agreement to fund potential acquisitions, to support organic growth initiatives, working capital needs, and for general corporate purposes.

As of June 30, 2013, the Company had the ability to borrow $164.2 million under this facility.  The carrying value of the current borrowings under the facility approximated fair value.

The facility expires in January 2017 and contains customary representations, warranties and restrictive covenants, as well as specific financial covenants.  The terms of the Credit Agreement limited the ability of the Company to pay dividends to shareholders unless the Company is in compliance with the specific financial covenants under the facility.  The Company’s current financial covenants under the facility are as follows:

Interest Coverage Ratio - The Company is required to maintain a ratio of Earnings Before Interest and Taxes, as Adjusted (“Adjusted EBIT per the Credit Agreement”), to interest expense for the trailing twelve months of at least 3:1.  Adjusted EBIT per the Credit Agreement specifically excludes extraordinary and certain other defined items such as non-cash restructuring and acquisition-related charges up to $2.0 million, and goodwill impairment.  At June 30, 2013, the Company’s Interest Coverage Ratio was 27.48:1.

Leverage Ratio - The Company’s ratio of funded debt to trailing twelve month Adjusted EBITDA per the credit agreement, calculated as Adjusted EBIT per the Credit Agreement plus Depreciation and Amortization, may not exceed 3.5:1.  At June 30, 2013, the Company’s Leverage Ratio was 0.73:1.

Other Long-Term Borrowings

The Company was a borrower under industrial revenue bonds totaling $3.3 million at June 30, 2011.  Because these bonds were remarketed on a monthly basis and a failed remarketing would trigger repayment of the bonds via a renewable letter of credit arrangement, they were classified as a current liability.  The Company repaid the bonds without penalty during 2012.

At June 30, 2013, and 2012, the Company had standby letters of credit outstanding, primarily for insurance purposes, of $10.7 million and $9.5 million, respectively.

8.  ACCRUED LIABILITIES

Accrued expenses consist of the following (in thousands):

	2013		2012
Payroll and employee benefits	$	25,754	$	27,110
Workers' compensation		2,489		3,325
Warranty		7,112		6,083
Other		11,626		14,606
Total	$	46,981	$	51,124

9.  DERIVATIVE FINANCIAL INSTRUMENTS

Interest Rate Swaps

In order to manage our interest rate exposure, we are party to $50.0 million of floating to fixed rate swaps.  These swaps convert our interest payments from LIBOR to a weighted average rate of 2.29% at June 30, 2013.

The fair value of the swaps recognized in accrued liabilities and in other comprehensive income (loss) at June 30, 2013 and 2012 is as follows (in thousands):

						Fair Value at June 30,
Effective Date		Notional Amount	Fixed Interest Rate	Maturity		2013		2012
June 1, 2010	$	5,000,000	2.495%	May26,2015	$	(205)	$	(300)
June 1, 2010		5,000,000	2.495%	May26,2015		(205)		(300)
June 4, 2010		10,000,000	2.395%	May26,2015		(389)		(566)
June 9, 2010		5,000,000	2.34%	May26,2015		(190)		(275)
June 18, 2010		5,000,000	2.38%	May26,2015		(194)		(283)
September 21, 2011		5,000,000	1.28%	September21,2013		(14)		(61)
September 21, 2011		5,000,000	1.60%	September22,2014		(83)		(136)
March 15, 2012		10,000,000	2.75%	March15,2016		(595)		(813)
					$	(1,875)	$	(2,734)

The Company reported no losses for the years ended June 30, 2013, 2012, and 2011, as a result of hedge ineffectiveness. Future changes in these swap arrangements, including termination of the agreements, may result in a reclassification of any gain or loss reported in accumulated other comprehensive income (loss) into earnings as an adjustment to interest expense.  Accumulated other comprehensive income (loss) related to these instruments is being amortized into interest expense concurrent with the hedged exposure.

Foreign Exchange Contracts

Forward foreign currency exchange contracts are used to limit the impact of currency fluctuations on certain anticipated foreign cash flows, such as foreign purchases of materials and loan payments to and from subsidiaries.  The Company enters into such contracts for hedging purposes only.  For hedges of intercompany loan payments, the Company has not elected hedge accounting due to the general short-term nature and predictability of the transactions, and records derivative gains and losses directly to the consolidated statement of operations.  At June 30, 2013 and 2012 the Company had outstanding forward contracts related to hedges of intercompany loans with net unrealized (losses) of ($1.4) million and ($0.1) million, respectively, which approximate the unrealized gains or losses on the related loans.  The contracts have maturity dates ranging from 2013-2016, which correspond to the related intercompany loans.  The notional amounts of these instruments, by currency, are as follows:

Currency	2013	2012
Mexican Peso	-	3,750,000
Euro	48,349,064	2,350,000
Canadian Dollar	3,600,000	1,250,000
Pound Sterling	2,580,289	933,473
Singapore Dollar	-	1,500,000
Australian Dollar	-	-

10.  INCOME TAXES

The components of income from continuing operations before income taxes are as follows (in thousands):

	2013		2012		2011
U.S. Operations	$	37,739	$	27,590	$	28,587
Non-U.S. Operations		23,493		35,229		24,361
Total	$	61,232	$	62,819	$	52,948

The Company utilizes the asset and liability method of accounting for income taxes.  Deferred income taxes are determined based on the estimated future tax effects of differences between the financial and tax bases of assets and liabilities given the provisions of the enacted tax laws.  The components of the provision for income taxes on continuing operations (in thousands) were as shown below:

	2013		2012		2011
Current:
Federal	$	9,668	$	5,314	$	9,750
State		1,465		449		1,060
Non-U.S.		7,179		7,773		4,785
Total Current		18,312		13,536		15,595
Deferred:
Federal	$	(442)	$	2,139	$	(1,231)
State		20		644		(851)
Non-U.S.		(1,980)		(407)		1,409
Total Deferred		(2,402)		2,376		(673)
Total	$	15,910	$	15,912	$	14,922

A reconciliation from the U.S. Federal income tax rate on continuing operations to the total tax provision is as follows (in thousands):

	2013	2012	2011
Provision at statutory tax rate	35.0%	35.0%	35.0%
State taxes	1.6%	1.2%	0.3%
Impact of Foreign Operations	-6.3%	-5.6%	-3.8%
Federal tax credits	-2.2%	-2.9%	-1.7%
Other	-2.1%	-2.4%	-1.6%
Effective income tax provision	26.0%	25.3%	28.2%

Changes in the effective tax rates from period to period may be significant as they depend on many factors including, but not limited to, size of the Company’s income or loss and any one-time activities occurring during the period.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2013 was impacted by the following items: (i) a benefit of $0.4 million related to the retroactive extension of the R&D credit recorded during the third quarter, (ii) a benefit of $0.3 million related to a decrease in the statutory tax rate in the United Kingdom on prior period deferred tax liabilities recorded during the first and fourth quarters, (iii) a benefit of $1.0 million from the reversal of a deferred tax liability that was determined to be no longer required during the third quarter and (iv) a benefit of $2.8 million due to the mix of income earned in jurisdictions with beneficial tax rates.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2012 was impacted by the following items: (i) a benefit of $1.3 million from the reversal of income tax contingency reserves that were determined to be no longer needed due to the lapsing of the statute of limitations and re-measurement of existing tax contingency reserves based on recently completed tax examinations, (ii) a benefit of $0.4 million related to a decrease in the statutory tax rate in the United Kingdom on prior period deferred tax liabilities recorded during the first quarter, and (iii) a benefit of $4.5 million due to the mix of income earned in jurisdictions with beneficial tax rates.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2011 was  impacted by the following items: (i) a benefit of $0.3 million from the reversal of income tax contingency reserves that were determined to be no longer needed due to the expiration of applicable limitation statutes, (ii) a benefit of $0.2 million related primarily to the retroactive extension of the R&D credit recorded during the second quarter, and (iii) a benefit totaling $0.3 million as part of the deferred tax provision related to a change in the estimated state rate used to calculate the deferred balances.

Significant components of the Company’s deferred income taxes are as follows (in thousands):

	2013		2012
Deferred tax liabilities:
Depreciation and amortization	$	(18,778)	$	(19,247)
Other		-		(1,832)
Total deferred tax liability	$	(18,778)	$	(21,079)
Deferred tax assets:
Accrued compensation	$	3,464	$	3,966
Accrued expenses and reserves		2,429		6,242
Pension		12,246		19,985
Inventory		1,588		1,554
Other		806		1,678
Net operating loss and
credit carry forwards		3,164		2,631
Total deferred tax asset	$	23,697	$	36,056
Less:  Valuation allowance		(520)		(813)
Net deferred tax asset (liability)	$	4,399	$	14,164

The Company estimates the degree to which deferred tax assets, including net operating loss and credit carry forwards will result in a benefit based on expected profitability by tax jurisdiction and provides a valuation allowance for tax assets and loss carry forwards that it believes will more likely than not go unrealized.  The valuation allowances at June 30, 2013 apply to the tax benefit of foreign and state loss carry forwards, which management has concluded that it is more likely than not that these tax benefits will not be realized.  The (decrease) increase in the valuation allowance totaled ($0.3) million, $0.6 million, and ($0.2) million in 2013, 2012, and 2011, respectively.

As of June 30, 2013, the Company had state net operating loss ("NOL") and credit carry forwards of approximately $34.3 million and $1.7 million, respectively, which may be available to offset future state income tax liabilities and expire at various dates from 2014 through 2033.  In addition, the Company had foreign NOL carry forwards of approximately $2.6 million, $1.3 million of which carry forward indefinitely, $0.4 million that carry forward for 10 years and $0.9 million that carry forward for 5 years.

The Company’s income taxes currently payable for federal and state purposes have been reduced by the benefit of the tax deduction in excess of recognized compensation cost from employee stock compensation transactions.  The provision for income taxes that is currently payable has not been adjusted by approximately $2.0 million and $0.7 million of such benefits of the Company that have been allocated to capital in excess / (deficit) of par value in 2013 and 2012, respectively.  

A provision has not been made for U.S. or additional non-U.S. taxes on $102.8 million of undistributed earnings of international subsidiaries that could be subject to taxation if remitted to the U.S.  It is not practicable to estimate the amount of tax that might be payable on the remaining undistributed earnings.  Our intention is to reinvest these earnings permanently or to repatriate the earnings only when it is tax effective to do so.  Accordingly, we believe that U.S. tax on any earnings that might be repatriated would be substantially offset by U.S. foreign tax credits.

The total provision for income taxes included in the consolidated financial statements was as follows (in thousands):

	2013		2012		2011
Continuing operations	$	15,910	$	15,912	$	14,922
Discontinued operations		(184)		(9,322)		(1,307)
	$	15,726	$	6,590	$	13,615

The changes in the amount of gross unrecognized tax benefits during 2013, 2012 and 2011 were as follows (in thousands):

	2013		2012		2011
Beginning Balance	$	1,298	$	2,146	$	1,782
Additions based on tax positions related to the current year		77		64		611
Additions for tax positions of prior years		19		394		-
Reductions for tax positions of prior years		(108)		(1,306)		(247)
Settlements		-		-		-
Ending Balance	$	1,286	$	1,298	$	2,146

If these tax benefits were recognized in a future period, the entire amount of unrecognized tax benefit would impact the Company’s effective tax rate.

Within the next twelve months, the statute of limitations will close in various U.S., state and non-U.S. jurisdictions.  As a result, it is reasonably expected that net unrecognized tax benefits from these various jurisdictions would be recognized within the next twelve months.  The recognition of these tax benefits is not expected to have a material impact to the Company's financial statements.  The Company does not reasonably expect any other significant changes in the next twelve months.  The following tax years, in the major tax jurisdictions noted, are open for assessment or refund:

Country  

Years Ending June 30,

United States

2010 to 2013

Canada

2009 to 2013

Ireland

2010 to 2013

Portugal

2010 to 2013

United Kingdom

2012 to 2013

The Company’s policy is to include interest expense and penalties related to unrecognized tax benefits within the provision for income taxes on the consolidated statements of operations.  At both June 30, 2013 and June 30, 2012, the company had less than $0.1 million for accrued interest expense on unrecognized tax benefits.

11.  COMMITMENTS

The Company leases certain property and equipment under agreements with initial terms ranging from one to twenty years. Rental expense related to continuing operations for the years ended June 30, 2013, 2012, and 2011 was approximately $4.9 million, $4.8 million and $4.5 million, respectively.

The gross minimum annual rental commitments under non-cancelable operating leases, principally real-estate at June 30, 2013:

(in thousands)		Lease		Sublease		Net obligation
2014	$	5,390	$	778	$	4,612
2015		4,709		666		4,043
2016		3,581		356		3,225
2017		2,721		338		2,383
2018		1,467		185		1,282
Thereafter		3,491		-		3,491

In March 2012, the Company sold substantially all of the assets of its ADP business.  In connection with the divestiture, the Company remained the lessee of ADP’s Philadelphia, PA facility and administrative offices, with the purchaser subleasing a fractional portion of the building at current market rates.  In connection with the transaction, the Company recognized a lease impairment charge of $2.3 million for the remaining rental expense.  The Company’s aggregate obligation with respect to the lease is $2.4 million, of which $1.7 million was recorded as a liability at June 30, 2013.  Additionally, the Company remained an obligor on an additional facility lease that was assumed in full by the buyer, for which our aggregate obligation in the event of default by the buyer is $1.0 million.  With the exception of the impaired portion of the Philadelphia lease, the Company does not expect to make any payments with respect to these obligations.  The buyer’s obligations under the respective sublease and assumed lease are secured by a cross-default provision in the purchaser’s promissory note for a portion of the purchase price which is secured by mortgages on the ADP real estate sold in the transaction.

In connection with the ADP divestiture, the Company agreed to indemnify the buyer in the event a withdrawal liability is triggered for the multi employer pension plans by a future action of the buyer.  The fair value of this indemnification, which was recorded in conjunction with the divestiture, is $1.9 million, determined based on actuarial estimates of the withdrawal liability and probability-weighted cash flows.  The aggregate amount of our obligations in the event of withdrawal is $3.2 million at June 30, 2013.

In 2007, the Company sold substantially all the assets of the Berean Christian Stores (“Berean”) business.  As the former owner of Berean, the Company is party under a number of operating leases which were assigned to the purchaser of the business for the remaining initial terms of the leases at the stated lease costs.  The Company remained an obligor of these leases until the expiration of the initial terms.  In June 2009, Berean filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code and, in July 2009, its assets were sold to a third party under Section 363 of the Code.   The new owner of the Berean assets has infused capital into the business, and we believe the Berean bookstores can now be operated successfully as a going concern.  As part of this transaction, the Company agreed to provide lease supplement payments to the new owner of the Berean assets through November 2011.  The Company remained an obligor of the leases assumed by the new owner; however, our obligation was reduced for locations where the new owner was able to obtain rent concessions.  In addition, the Company remains responsible for two sites formerly operated by Berean.  Liabilities associated with these two leases, net of expected subleases at current market rates, is zero at June 30, 2013.  The aggregate amount of our obligations in the event of default is $0.8 million at June 30, 2013.

12.  CONTINGENCIES

In March, 2013, the Company entered into a settlement agreement to terminate the redhibition action that had been pending in Lafayette, Louisiana since August, 2008.  The plaintiff, Ultra Pure Water Technologies, Inc. (“Ultra Pure”) had filed a suit against the Company seeking lost profit damages for alleged defects in Master-Bilt ice merchandisers that were sold to Master-Bilt’s customer, which then sold them to Ultra Pure.  A settlement was reached during trial.  The terms of the settlement provide that all claims against the Company are dismissed with prejudice, in exchange for a payment of $6.0 million, of which the Company contributed $2.6 million, net of $3.4 million paid directly by insurers in the matter.  The Company has recorded the $2.6 million payment during the third quarter as a component of selling, general, and administrative expenses, and paid such amount during the fourth quarter of 2013.  No fault or liability on the part of the Company is admitted under the terms of the settlement.  The court has approved the terms of the settlement.

From time to time, the Company is subject to various claims and legal proceedings, including claims related to environmental remediation, either asserted or unasserted, that arise in the ordinary course of business.  While the outcome of these proceedings and claims cannot be predicted with certainty, the Company’s management does not believe that the outcome of any of the currently existing legal matters will have a material impact on the Company’s consolidated financial position, results of operations or cash flow.  The Company accrues for losses related to a claim or litigation when the Company’s management considers a potential loss probable and can reasonably estimate such potential loss.

13.  STOCK-BASED COMPENSATION AND PURCHASE PLANS

Stock-Based Compensation Plans

Under incentive compensation plans, the Company is authorized to make grants of stock options, restricted stock and performance share units to provide equity incentive compensation to key employees and directors.  In fiscal 2004, the Company began granting stock awards instead of stock options.  The stock award program offers employees and directors the opportunity to earn shares of our stock over time, rather than options that give the employees and directors the right to purchase stock at a set price.  The Company has stock plans for directors, officers and certain key employees.  

Total compensation cost recognized in income for equity based compensation awards was $3.3 million, $3.8 million, and $3.8 million for the years ended June 30, 2013, 2012 and 2011, respectively, primarily within Selling, General, and Administrative Expenses.  The total income tax benefit recognized in the consolidated statement of operations for equity-based compensation plans was $1.2 million, $1.3 million, and $1.3 million for the years ended June 30, 2013, 2012 and 2011, respectively.

565,200 shares of common stock were reserved for issuance under various compensation plans at June 30, 2013.  

Restricted Stock Awards

The Company may award shares of restricted stock to eligible employees and non-employee directors of the Company at no cost, giving them in most instances all of the rights of stockholders, except that they may not sell, assign, pledge or otherwise encumber such shares and rights during the restriction period.  Such shares and rights are subject to forfeiture if certain employment conditions are not met.  During the restriction period, recipients of the shares are entitled to dividend equivalents on such shares, providing that such shares are not forfeited.  Dividends are accumulated and paid out at the end of the restriction period.  During 2013, 2012 and 2011, the Company granted 44,388, 52,884, and 62,817 shares, respectively, of restricted stock to eligible participants.  Restrictions on the stock awards generally lapse between fiscal 2014 and fiscal 2016.  For the years ended June 30, 2013, 2012 and 2011, $1.5 million, $1.4 million, and $1.4 million, respectively, was recognized as compensation expense related to restricted stock awards.  Substantially all awards are expected to vest.

A summary of restricted stock awards activity during the year ended June 30, 2013 is as follows:

	Restricted Stock Awards
	Number	Aggregate
	of	Intrinsic
	Shares	Value
Outstanding, June 30, 2012	207,989	$	8,854,092
Granted	44,388
Exercised / vested	(78,337)		3,525,711
Canceled	(1,550)
Outstanding, June 30, 2013	172,490	$	9,098,848

Restricted stock awards granted during 2013, 2012 and 2011 had a weighted average grant date fair value of $44.59, $29.05, and $24.22, respectively.  The grant date fair value of restricted stock awards is determined based on the closing price of the Company’s common stock on the date of grant.  The total intrinsic value of awards exercised during the years ended June 30, 2013, 2012, and 2011 was $3.5 million, $2.4 million, and $1.6 million, respectively.  

As of June 30, 2013, there was $2.0 million of unrecognized compensation costs related to awards expected to be recognized over a weighted-average period of 0.96 years.

Executive Compensation Program

The Company operates a compensation program for key employees.  The plan contains both an annual component as well as long-term component.  Under the annual component, participants are required to defer 20% (and may elect to defer up to 50%) of their annual incentive compensation in restricted stock which is purchased at a discount to the market.  Additionally, non-employee directors of the Company may defer a portion of their director’s fees in restricted stock units which is purchased at a discount to the market.  During the restriction period, recipients of the shares are entitled to dividend equivalents on such units, providing that such shares are not forfeited.  Dividend equivalents are accumulated and paid out at the end of the restriction period.  The restrictions on the units expire after three years.  At June 30, 2013 and 2012 respectively, 105,967 and 94,916 shares of restricted stock units are outstanding and subject to restrictions that lapse between fiscal 2014 and fiscal 2016.  The compensation expense associated with this incentive program is charged to income over the restriction period.  The Company recorded compensation expense related to this program of $0.6 million, $0.4 million, and $0.4 million for the years ended June 30, 2013, 2012 and 2011, respectively.

As of June 30, 2013, there was $0.7 million of unrecognized compensation costs related to awards expected to be recognized over a weighted-average period of 1.12 years

The fair value of the awards under the annual component of this incentive program is measured using the Black-Scholes option-pricing model.  Key assumptions used to apply this pricing model are as follows:

	2013		2012		2011
Risk-free interest rates		0.25%		0.25%		0.68%
Expected life of option grants (in years)		3		3		3
Expected volatility of underlying stock		47.4%		63.2%		65.4%
Expected quarterly dividends (per share)	$	0.07	$	0.06	$	0.05

Under the long-term component, grants of performance share units (“PSUs”) are made annually to key employees and the share units are earned based on the achievement of certain overall corporate financial performance targets over the performance period.  At the end of the performance period, the number of shares of common stock issued will be determined by adjusting upward or downward from the target in a range between 50% and 200%.  No shares will be issued if the minimum performance threshold is not achieved.  The final performance percentage, on which the payout will be based, considering the performance metrics established for the performance period, will be certified by the Compensation Committee of the Board of Directors.  

The awards granted by the Committee provided that the PSUs will be converted to shares of common stock if the Company’s EBITDA (earnings before interest, taxes, depreciation and amortization) and return on assets meet specified levels approved by the Committee.  A participant’s right to any shares that are earned will vest in three equal installments.  An executive whose employment terminates prior to the vesting of any installment for a reason other than death, disability, retirement, or following a change in control, will forfeit the shares represented by that installment. In certain circumstances, such as death, disability, or retirement, PSUs are paid on a pro-rata basis.  In the event of a change in control, vesting of the awards granted is accelerated.

A summary of the awards activity under the executive compensation program during the year ended June 30, 2013 is as follows:

	Annual Component					Performance Stock Units
		Weighted
	Number	Average		Aggregate		Number	Aggregate
	of	Exercise		Intrinsic		of	Intrinsic
	Shares	Price		Value		Shares	Value
Non-vested, June 30, 2012	94,916	$	17.89	$	2,342,302	86,220	$	3,670,385
Granted	33,654		31.93			15,337
Vested	(22,603)		11.66		777,470	(58,389)		3,080,038
Expired	0		-			(2,164)
Non-vested, June 30, 2013	105,967	$	23.68	$	1,683,260	41,004	$	2,162,926

Restricted stock awards granted under the annual component of this program in fiscal 2013, 2012, and 2011 had a grant date fair value of $55.61, $40.78, and $29.36, respectively.  The PSUs granted in fiscal 2013, 2012 and 2011 had a grant date fair value of $44.20, $26.60, and $23.49, respectively.  The total intrinsic value of awards vested under the executive compensation program during the years ended June 30, 2013, 2012 and 2011 was $3.1 million, $5.4 million, and $2.5 million, respectively.

The Company recognized compensation expense related to the PSUs of $1.3 million, $2.1 million, and $2.0 million for the years ended June 30, 2013, 2012 and 2011, respectively.  The total unrecognized compensation costs related to non-vested performance share units was $0.6 million at June 30, 2013, which is expected to be recognized over a weighted average period of 1.24 years.   

Employee Stock Purchase Plan

The Company has an Employee Stock Purchase Plan that allows employees to purchase shares of common stock of the Company at a discount from the market each quarter.  Shares of our stock may be purchased by employees quarterly at 95% of the fair market value on the last day of each quarter.  Shares of stock reserved for the plan were 102,363 at June 30, 2013.  Shares purchased under this plan aggregated 5,813, 9,185, and 12,044 in 2013, 2012 and 2011, respectively, at an average price of $48.16, $34.48, and $28.32, respectively.  

14.  ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of the Company’s accumulated other comprehensive income (loss) at June 30 are as follows (in thousands):

	2013		2012
Foreign currency translation adjustment	$	3,745	$	7,770
Unrealized pension losses, net of tax		(67,857)		(81,197)
Unrealized losses on derivative instruments, net of tax		(1,168)		(1,698)
Total	$	(65,280)	$	(75,125)

15.  DISCONTINUED OPERATIONS

In December 2011, the Company decided to divest the ADP business unit.  In connection with this decision, the Company adjusted the carrying value of ADP’s assets to their net realizable value based on a range of expected sale prices.   As a result, the Company recorded goodwill impairment charges of $14.9 million and impairment charges of $5.0 million to fixed assets.

On March 30, 2012, ADP was sold to a private equity buyer for consideration of $16.1 million consisting of $13.1 million in cash and a $3.0 million note secured by first mortgages on three ADP facilities.  During the quarter ended March 31, 2012, additional pre-tax charges of $2.6 million were taken in connection with the closing of the sale.  These charges related primarily to the impairment of a non-cancellable lease liability that the buyer elected not to assume as part of the purchase.

Earnings (losses) from discontinued operations include the following results for the years ended June 30 (in thousands):

	Year Disposed			2013				2012				2011
Sales:
Air Distribution Products Group	2012		$		-		$		43,537		$		52,384
Income (loss) before taxes:
Air Distribution Products Group	2012			(451)				(24,871)				(2,841)
Berean Christian Bookstores	2007			(12)				(184)				(635)
Other loss from discontinued operations				(195)				(269)				(490)
Income (loss) before taxes from discontinued operations				(658)				(25,324)				(3,966)
(Provision) benefit for tax				184				9,322				1,307
Net income (loss) from discontinued operations		$		(474)		$		(16,002)		$		(2,659)

Assets and liabilities related to discontinued operations to be retained by the Company are recorded in the Consolidated Balance Sheets at June 30 under the following captions (in thousands):

	2013
Current assets	$	483
Other non-current assets		3,000
Accrued expenses		795
Other non-current liabilities		3,219

16.  RESTRUCTURING

The Company has undertaken a number of initiatives that have resulted in severance, restructuring, and related charges.  A summary of charges by initiative is as follows (in thousands):

	Involuntary
	Employee
	Severance and
Year Ended June 30,	Benefit Costs		Other		Total
	2013
2013 Restructuring Initiatives	$	1,299	$	1,367	$	2,666
Prior Year Initiatives		-		-		-
Total expense	$	1,299	$	1,367	$	2,666
	2012
2012 Restructuring Initiatives	$	901	$	206	$	1,107
Prior Year Initiatives		87		491		578
Total expense	$	988	$	697	$	1,685
	2011
2011 Restructuring Initiatives	$	-	$	286	$	286
Prior Year Initiatives		315		1,242		1,557
Total expense	$	315	$	1,528	$	1,843

2013 Restructuring Initiatives

During the first half of 2013, the Company began a new headcount reduction program in its European Engraving Group operations as part of the realignment of the Group’s global footprint.  Restructuring cost of $0.6 million related to this activity was substantially completed for the year ended June 30, 2013.  During the third quarter, the Company completed the move and start up of the Sao Paolo, Brazil, Engraving Group facility to a location more suited to the Group’s operational needs. Restructuring expenses for the year ended June 30, 2013 related to these activities were $1.5 million.  Also during the year as redundant positions due to the Meder acquisition are being eliminated the Company incurred $0.4 million of restructuring costs in China, which was substantially completed for the year ended June 30, 2013.

Activity in the reserves related to 2013 restructuring initiatives is as follows (in thousands):

	Involuntary
	Employee
	Severance
	and Benefit
	Costs		Other		Total
Restructuring Liabilities at June 30, 2012	$	-	$	-	$	-
Additions		1,299		1,367		2,666
Payments		(1,289)		(1,367)		(2,656)
Restructuring Liabilities at June 30, 2013	$	10	$	-	$	10

Prior Year Initiatives

During the fourth quarter of 2011, the Company began the integration of the newly-acquired Tri-Star manufacturing operations into existing production capabilities in Nogales, Mexico.  Production was transferred during the first quarter of 2012, and restructuring charges of $0.6 million were incurred during the year ended June 30, 2012.

During the first quarter of 2012, the Company transferred production of the Kool Star product line from Nogales, Mexico, to New Albany, Mississippi, where it is being integrated into the Master-Bilt manufacturing operations.  Restructuring costs of $0.3 million were incurred in carrying out this initiative, which was substantially completed during the year.  Additionally, the Company continued to reduce headcount across several divisions as part of our ongoing commitment to achieving operational efficiency.  Restructuring costs of $0.8 million were incurred as part of this initiative during the year ended June 30, 2012.

Activity in the reserves related to prior year restructuring initiatives is as follows (in thousands):

	Involuntary
	Employee
	Severance
	and Benefit
	Costs		Other		Total
Restructuring Liabilities at June 30, 2011	$	10	$	-	$	10
Additions		988		627		1,615
Payments		(957)		(627)		(1,584)
Restructuring Liabilities at June 30, 2012	$	41	$	-	$	41
Additions				-		-
Payments		(41)		-		(41)
Restructuring Liabilities at June 30, 2013	$	-	$	-	$	-

The Company’s total restructuring expenses by segment are as follows (in thousands):

	Involuntary
	Employee
	Severance
	and Benefit
Year Ended June 30,	Costs	Other		Total
	2013
Food Service Equipment Group	$            183		$              25	$            208
Engineering Technologies Group	44		-	44
Engraving Group	776		1,253	2,029
Electronics Products Group	296		89	385
Corporate	-		-	-
Total expense	$         1,299		$         1,367	$         2,666
	2012
Food Service Equipment Group	$            279	$            647		$            926
Engraving Group	683	50		733
Corporate	26	-		26
Total expense	$            988	$            697		$         1,685
	2011
Food Service Equipment Group	$              70	$         1,528		$         1,598
Engraving Group	157	-		157
Corporate	88	-		88
Total expense	$            315	$         1,528		$         1,843

17.  EMPLOYEE BENEFIT PLANS

Retirement Plans

The Company has defined benefit pension plans covering certain current and former employees both inside and outside of the U.S.  The Company’s pension plan for U.S. salaried employees was frozen as of December 31, 2007, and participants in the plan ceased accruing future benefits.  The Company’s pension plan for U.S. hourly employees was frozen for substantially all participants as of July 31, 2013, and replaced with a defined contribution benefit plan.  Based on changes to the plan, the Company expects to record a reduction in U.S. non-cash pension plan expense of $2.6 million as compared to 2013, which will be partially offset by increased expenses associated with the implementation of the defined contribution benefit program. 

Net periodic benefit cost for U.S. and non-U.S. plans included the following components (in thousands):

Components of Net Periodic Benefit Cost				Pension Benefits
				U.S. Plans										Foreign Plans
				Year Ended June 30,										Year Ended June 30,
			2013			2012			2011			2013				2012			2011
Service Cost	$	702			$		447	$		444	$		40		$		34	$		41
Interest Cost		10,941					11,975			12,151			1,667				1,758			1,683
Expected return on plan assets		(14,790)					(15,333)			(15,777)			(1,339)				(1,527)			(1,495)
Recognized net actuarial loss		7,577					4,814			4,342			901				527			604
Amortization of prior service cost (benefit)		98					111			139			(57)				(59)			(60)
Amortization of transition   obligation (asset)		2					2			2			-				-			-
Curtailment		52					-			-			-				-			-
Net periodic benefit cost (benefit)	$	4,582			$		2,016	$		1,301	$		1,212		$		733	$		773

The following table sets forth the funded status and amounts recognized as of June 30, 2013 and 2012 for our U.S. and foreign defined benefit pension plans (in thousands):

	U.S. Plans				Foreign Plans
	Year Ended June 30,				Year Ended June 30,
	2013		2012		2013		2012
Change in benefit obligation
Benefit obligation at beginning of year	$	245,212	$	213,637	$	37,527	$	33,141
Service cost		702		447		40		34
Interest cost		10,941		11,975		1,667		1,758
Actuarial loss (gain)		(12,366)		33,766		705		5,596
Benefits paid		(14,776)		(14,613)		(1,361)		(1,306)
Curtailment		(1,839)		-		-		-
Foreign currency exchange rate		-		-		(681)		(1,696)
Projected benefit obligation at end of year	$	227,874	$	245,212	$	37,897	$	37,527
Change in plan assets
Fair value of plan assets at beginning of year	$	198,718	$	191,179	$	29,138	$	28,241
Actual return on plan assets		12,825		15,966		2,805		1,937
Employer contribution		3,407		6,186		1,171		1,147
Benefits paid		(14,776)		(14,613)		(1,361)		(1,306)
Foreign currency exchange rate		-		-		(864)		(881)
Fair value of plan assets at end of year	$	200,174	$	198,718	$	30,889	$	29,138
Funded Status	$	(27,700)	$	(46,494)	$	(7,008)	$	(8,389)
Amounts recognized in the consolidated balance sheets
consist of:
Prepaid Benefit Cost	$	-	$	-	$	99	$	-
Current liabilities		(149)		(179)		(1,120)		(1,154)
Non-current liabilities		(27,551)		(46,315)		(5,987)		(7,235)
Net amount recognized	$	(27,700)	$	(46,494)	$	(7,008)	$	(8,389)
Unrecognized net actuarial loss		97,103		116,920		9,651		11,511
Unrecognized prior service cost		370		522		(267)		(315)
Accumulated other comprehensive income, pre-tax	$	97,473	$	117,442	$	9,384	$	11,196

The accumulated benefit obligation for all defined benefit pension plans was $264.9 million and $279.8 million at June 30, 2013 and 2012, respectively.

The estimated actuarial net loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $4.7 million and less than $0.1 million, respectively.

Plan Assets and Assumptions

The fair values of the Company’s pension plan assets at June 30, 2013 and 2012 by asset category, as classified in the three levels of inputs described in Note 1 under the caption Fair Value of Financial Instruments, are as follows (in thousands):

	June 30, 2013
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	726	$	439	$	287	$	-
Common and preferred stocks		107,130		18,824		88,306		-
U.S. Government securities		13,018		-		13,018		-
Corporate bonds and other fixed income securities		101,990		775		101,215		-
Other		8,196		-		8,196		-
	$	231,060	$	20,038	$	211,022	$	-
	June 30, 2012
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	9,547	$	222	$	9,325	$	-
Common and preferred stocks		89,495		16,585		72,910		-
U.S. Government securities		18,159		-		18,159		-
Corporate bonds and other fixed income securities		90,052		641		89,411		-
Other		20,603		-		20,603		-
	$	227,856	$	17,448	$	210,408	$	-

Asset allocation at June 30, 2013 and 2012 and target asset allocations for 2013 are as follows:

	U.S. Plans					Foreign Plans
	Year Ended June 30,					Year Ended June 30,
	2013		2012			2013	2012
Asset Category
Equity securities	38%		32%			35%	34%
Debt securities	25%		31%			64%	65%
Global balanced securities	27%		24%			-	-
Other	10%		13%			1%	1%
Total	100%		100%			100%	100%
		2013
Asset Category – Target		U.S.		U.K.	Ireland
Equity securities		35%		33%	70%
Debt and market neutral securities		30%		67%	20%
Global balanced securities		25%		0%	0%
Other		10%		0%	10%
Total		100%		100%	100%

Our investment policy for the U.S. pension plans targets a range of exposure to the various asset classes.  Standex rebalances the portfolio periodically when the allocation is not within the desired range of exposure.  The plan seeks to provide returns in excess of the various benchmarks.  The benchmarks include the following indices:  S&P 500; Citigroup PMI EPAC; Citigroup World Government Bond and Barclays Aggregate Bond.  A third party investment consultant tracks the plan’s portfolio relative to the benchmarks and provides quarterly investment reviews which consist of a performance and risk assessment on all investment managers and on the portfolio.  

Certain managers within the plan use, or have authorization to use, derivative financial instruments for hedging purposes, the creation of market exposures and management of country and asset allocation exposure.  Currency speculation derivatives are strictly prohibited.

Year Ended June 30	2013	2012	2011
Plan assumptions - obligation
Discount rate	3.50 - 5.10%	4.00 - 4.60%	5.60 - 6.00%
Rate of compensation increase	3.50 - 3.90%	3.40 - 3.50%	3.50 - 4.00%
Plan assumptions - cost
Discount rate	4.00 - 4.60%	5.50 - 6.00%	4.40 - 5.90%
Expected return on assets	4.80 - 7.80%	5.40 - 8.10%	5.70 - 8.10%
Rate of compensation increase	3.40 - 3.50%	3.50 - 4.00%	3.50 - 3.80%

Included in the above are the following assumptions relating to the obligations for defined benefit pension plans in the United States at June 30, 2013; a discount rate of 5.1% and a rate of compensation increase of 3.5%.  At June 30, 2012, the assumptions were a discount rate of 4.6% and rate of compensation increase of 3.5%.  The U.S. defined benefit pension plans represent the majority of our pension obligations.  The expected return on plan assets assumption is based on our expectation of the long-term average rate of return on assets in the pension funds and is reflective of the current and projected asset mix of the funds.  The discount rate reflects the current rate at which pension liabilities could be effectively settled at the end of the year.  The discount rate is determined by matching our expected benefit payments from a stream of AA- or higher bonds available in the marketplace, adjusted to eliminate the effects of call provisions.

Expected benefit payments for the next five years are as follows: 2014, $16.2 million; 2015, $16.0 million; 2016, $16.1 million; 2017, $16.4 million; 2018, $16.6 million and thereafter, $85.0 million.  The Company expects to make $1.5 million of contributions to its pension plans in 2014.

The Company operates a defined benefit plan in Germany which is unfunded.

Multi-Employer Pension Plans

We contribute to a number of multiemployer defined benefit plans under the terms of collective bargaining agreements that cover our union-represented employees.  These plans generally provide for retirement, death and/or termination benefits for eligible employees within the applicable collective bargaining units, based on specific eligibility/participation requirements, vesting periods and benefit formulas.  The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects:

·

Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.

·

If a participating employer stops contributing to the multiemployer plan, the unfunded obligations of the plan may be borne by the remaining participating employers.

·

If we choose to stop participating in some of our multiemployer plans, we may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. However, cessation of participation in a multiemployer plan and subsequent payment of any withdrawal liability is subject to the collective bargaining process.

The following table outlines the Company’s participation in multiemployer pension plans for the periods ended June 30, 2013, 2012, and 2011, and sets forth the yearly contributions into each plan.  The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three-digit plan number.  The most recent Pension Protection Act zone status available in 2013 and 2012 relates to the plans’ two most recent fiscal year-ends.  The zone status is based on information that we received from the plans’ administrators and is certified by each plan’s actuary. Among other factors, plans certified in the red zone are generally less than 65% funded, plans certified in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans certified in the yellow zone are less than 80% funded, and plans certified in the green zone are at least 80% funded.  The “FIP/RP Status Pending/Implemented” column indicates whether a financial improvement plan (“FIP”) for yellow/orange zone plans, or a rehabilitation plan (“RP”) for red zone plans, is either pending or has been implemented.  For all plans, the Company’s contributions do not exceed 5% of the total contributions to the plan in the most recent year.

		Pension Protection Act Zone Status				Contributions
Pension Fund	EIN/Plan Number		2013	2012	FIP/RP Status				2013		2012				2011				Surcharge Imposed?	Expiration Date of Collective Bargaining Agreement
New England Teamsters and Trucking Industry Pension Fund	04-6372430-001		Red	Red	Yes/ Implemented				$	427	$		367		$		391		No	4/15/2015
Laborers' Local 57 Industrial Pension Fund of Philadelphia, PA	23-1627410-003		Green	Green	No					-			39				89		No	-
Sheet Metal Workers' National Pension Fund	52-6112463-001		Red	Red	Yes/ Implemented					-			36				38		No	-
IAM National Pension Fund, National Pension Plan	51-6031295-002		Green	Green	No					623			584				599		No	10/14/2013-5/31/2015
							$	1,050				$		1,026		$		1,117

Retirement Savings Plans

The Company has two primary employee savings plans, one for salaried employees and one for hourly employees.  Substantially all of our full-time domestic employees are covered by these savings plans.  Under the provisions of the plans, employees may contribute a portion of their compensation within certain limitations.  The Company, at the discretion of the Board of Directors, may make contributions on behalf of our employees under the plans.  Company contributions were $4.1 million, $4.1 million, and $4.0 million for the years ended June 30, 2013, 2012, and 2011, respectively.  At June 30, 2013, the salaried plan holds approximately 138,000 shares of Company common stock, representing approximately 9% of the holdings of the plan.

Other Plans

Certain retired executives are covered by an Executive Life Insurance Program.  During 2003, two executives retired and the Board of Directors approved benefits under this plan of approximately $5.6 million. The aggregate present value of current vested and outstanding benefits to all participants was approximately $0.0 million, and $0.2 million at June 30, 2013 and 2012, respectively.  As the term of this benefit program is 10 years, all benefits have been paid under this program as of June 30, 2013.

Key Employee Share Option Plan (KEYSOP)

In fiscal 2002, we created a Key Employee Share Option Plan (the “KEYSOP”).  The purpose of the KEYSOP is to provide alternate forms of compensation to certain key employees of the Company commensurate with their contributions to the success of our activities.  Under the KEYSOP, certain employees are granted options by the Compensation Committee and designated property is purchased by the Company and placed in a Rabbi trust.  The option price set at the date of the grant is 25% of the fair value of the underlying assets.  During fiscal 2003, the Company granted options with a 10 year vesting period to two key employees prior to their retirement.  Assets associated with the plan were $0.0 million and $1.8 million at June 30, 2013 and 2012, respectively.  As of June 30, 2013 and 2012, the Company has recorded a liability in other long term liabilities of approximately $0.0 million and $1.5 million respectively associated with the grants made.

Postretirement Benefits Other Than Pensions

The Company sponsors an unfunded postretirement medical plan covering certain full-time employees who retire and have attained the requisite age and years of service.  Retired employees are required to contribute toward the cost of coverage according to various established rules.

Effective January 1, 2013, the Company terminated its life insurance benefit provided to certain current and future retirees, resulting in a curtailment and settlement of the plan’s obligations.  The Company recorded a $2.3 million benefit of the settlement and curtailment as a component of selling general and administrative expenses during the third quarter of 2013. 

The following table sets forth the funded status of the postretirement benefit plans and accrued postretirement benefit cost reflected in the consolidated balance sheet at year end (in thousands):

	Year Ended June 30,
	2013		2012
Change in benefit obligation
Benefit obligation at beginning of year	$	2,002	$	1,808
Service cost		13		19
Interest cost		49		101
Plan participants' contributions		34		36
Actuarial loss (gain)		4		188
Curtailment		(78)		-
Settlement		(1,712)		-
Benefits paid		(120)		(150)
Accumulated benefit obligation at  end of year	$	192	$	2,002
Change in plan assets
Fair value of plan assets at beginning of year	$	-	$	-
Employer contribution		86		114
Plan participants' contribution		34		36
Benefits paid		(120)		(150)
Foreign currency exchange rate		-		-
Fair value of plan assets at end of year	$	-	$	-
Funded Status	$	(192)	$	(2,002)
Amounts recognized in the consolidated balance sheets
consist of:
Current liabilities	$	(36)	$	(135)
Non-current liabilities		(156)		(1,867)
Net amount recognized	$	(192)	$	(2,002)
Accumulated other comprehensive income, pre-tax
Unrecognized net actuarial loss		(65)		(710)
Unrecognized transition obligation		-		240
Net amount recognized	$	(65)	$	(470)

Components of Net Periodic Benefit Cost (in thousands)

	Year Ended June 30,
	2013		2012		2011
Service Cost	$	13	$	19	$	12
Interest Cost		49		101		106
Recognized net actuarial gain		(24)		(55)		(57)
Curtailment		51		-		-
Plan Settlement		(2,329)		-		-
Amortization of transition obligation		112		223		223
Net periodic benefit cost	$	(2,128)	$	288	$	284

The estimated net actual loss (gain) and transition obligation for the postretirement benefits that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $(0.0) million and $0.2 million, respectively.  

The assumed weighted average discount rate was 5.1% and 4.60% as of June 30, 2013 and 2012, respectively.  A 1% increase in the assumed health care cost trend rate does not impact either the accumulated benefit obligation or the net postretirement cost, as the employer contribution for each participant is a fixed amount.

18.  INDUSTRY SEGMENT INFORMATION

The Company has determined that it has five reportable segments organized around the types of product sold:

•

Food Service Equipment Group– an aggregation of seven operating segments that manufacture and sell commercial food service equipment.

•

Engraving Group – provides mold texturizing, roll engraving and process machinery for a number of industries.

•

Engineering Technologies Group – provides customized solutions in the fabrication and machining of engineered components for the aerospace, energy, aviation, medical, oil and gas, and general industrial markets.

•

Electronics Products Group – manufacturing and selling of electronic components for applications throughout the end-user market spectrum.

•

Hydraulics Products Group – manufacturing and selling of single- and double-acting telescopic and piston rod hydraulic cylinders.

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 has concluded that it would not 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, audit fees and pension expense.  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
	2013		2012		2011		2013		2012		2011
Food Service Equipment	$	394,878	$	388,813	$	365,523	$	5,242	$	5,342	$	5,832
Engraving		93,380		93,611		85,258		3,226		3,293		3,525
Engineering Technologies		74,838		74,088		61,063		3,288		3,188		1,951
Electronics Products Group		108,085		48,206		46,600		2,986		878		1,105
Hydraulics Products Group		30,079		29,922		22,925		566		518		530
Corporate and Other		-		-		-		239		271		331
Total	$	701,260	$	634,640	$	581,369	$	15,547	$	13,490	$	13,274
	Income (Loss) From Operations						Capital Expenditures
	2013		2012		2011		2013		2012		2011
Food Service Equipment	$	39,467	$	39,613	$	37,915	$	3,192	$	2,513	$	2,806
Engraving		15,596		17,896		14,182		5,106		2,223		1,014
Engineering Technologies		13,241		14,305		12,606		1,734		2,577		2,177
Electronics Products Group		16,147		8,715		7,551		3,243		963		551
Hydraulics Products Group		4,968		4,403		2,436		580		304		423
Restructuring charge		(2,666)		(1,685)		(1,843)		-		-		-
Gain on sale of real estate		-		4,776		3,368		-		-		-
Corporate		(22,924)		(23,443)		(20,959)		568		13		48
Total	$	63,829	$	64,580	$	55,256	$	14,423	$	8,593	$	7,019
Interest expense		(2,469)		(2,280)		(2,107)
Other, net		(128)		519		(201)
Income from continuing operations
before income taxes	$	61,232	$	62,819	$	52,948
	Goodwill				Identifiable Assets
	2013		2012		2013		2012
Food Service Equipment	$	45,790	$	45,793	$	192,895	$	192,799
Engraving		20,614		20,618		88,064		94,738
Engineering Technologies		10,861		11,206		68,597		71,463
Electronics Products Group		31,582		19,957		94,369		43,285
Hydraulics Products Group		3,058		3,059		15,250		14,432
Corporate & Other		-		-		51,398		63,094
Total	$	111,905	$	100,633	$	510,573	$	479,811
Net sales	2013		2012		2011
United States	$	515,918	$	490,302	$	468,688
Asia		47,451		25,122		31,067
Europe		110,730		89,475		54,314
Other		27,161		29,741		27,300
Total	$	701,260	$	634,640	$	581,369
Long-lived assets	2013		2012		2011
United States	$	61,367	$	62,984	$	68,114
Asia		3,859		2,325		2,182
Europe		21,946		11,684		12,138
Other		7,848		5,570		6,316
Total	$	95,020	$	82,563	$	88,750

19. GAIN ON SALE OF REAL ESTATE

During, 2012, the Company completed the sale of an Engraving Group facility in Sao Paolo, Brazil, which will be replaced by a leased facility more suited to the Company’s operational needs.  Proceeds from the sale were $5.1 million and the sale resulted in a pre-tax gain of $4.8 million, net of related costs.

During 2011, the Company completed the sale of a parcel of real estate in Lyon, France, on which it had previously operated an Engraving Group facility.  Proceeds from the sale were $4.9 million and the sale resulted in a pre-tax gain of $3.4 million, net of related costs.

20.  QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The unaudited quarterly results of operations for the years ended June 30, 2013 and 2012 are as follows (in thousands, except for per share data):

		2013
	First		Second		Third		Fourth
Net sales	$	183,386	$	168,629	$	165,970	$	183,275
Gross profit		59,245		56,290		52,551		58,010
Net income (loss)		11,830		10,961		9,561		12,496
EARNINGS PER SHARE 1
Basic	$	0.95	$	0.88	$	0.77	$	0.99
Diluted	$	0.93	$	0.86	$	0.76	$	0.98
		2012
	First		Second		Third		Fourth
Net sales	$	159,306	$	154,868	$	150,666	$	169,800
Gross profit		52,746		50,270		48,167		57,301
Net income (loss)		11,958		(4,116)		9,120		13,943
EARNINGS PER SHARE 1
Basic	$	0.96	$	(0.33)	$	0.73	$	1.10
Diluted	$	0.94	$	(0.32)	$	0.71	$	1.08

1 Basic and diluted earnings per share are computed independently for each reporting period.  Accordingly, the sum of the quarterly earnings per share amounts may not agree to the year-to-date amounts.

21.  SUBSEQUENT EVENT

On August 23, 2013 the Company announced a consolidation of its Cheyenne, Wyoming plant into its Mexico facility and other Cooking Solutions operations in North America.  We expect to record a pre-tax restructuring charge in fiscal 2014 in the range of $7.5 to $8.0 million related to the Food Service Equipment segment.  Approximately $3.0 million of the charge is expected to be a non-cash impairment related to long-lived assets.  The remainders of the expenses are for involuntary employee severance, benefit costs, and other. We expect the consolidation to be substantially complete by the end of fiscal 2014.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

Standex International Corporation

Salem, New Hampshire

We have audited the accompanying consolidated balance sheets of Standex International Corporation and subsidiaries (the "Company") as of June 30, 2013 and 2012, and the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows for each of the three years in the period ended June 30, 2013.  These consolidated financial statements are the responsibility of the Company's management.  Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Standex International Corporation and subsidiaries as of June 30, 2013 and 2012, and the results of their operations and their cash flows for each of the three years in the period ended June 30, 2013, in conformity with accounting principles generally accepted in the United States of America.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company's internal control over financial reporting as of June 30, 2013, based on the criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated August 27, 2013 expressed an unqualified opinion on the Company's internal control over financial reporting.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

August 27, 2013

Item 9.  Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

Not Applicable

Item 9A.  Controls and Procedures

The management of the Company including its Chief Executive Officer, and Chief Financial Officer, have conducted an evaluation of the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15(d)-15(e) under the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) as of the end of the period covered by this report.  Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded as of June 30, 2013, that the disclosure controls and procedures are effective in ensuring that the information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is  (i) recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms and (ii) that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer as appropriate to allow timely decisions regarding required disclosure.  

SEC guidance permits the exclusion of an evaluation of the effectiveness of a registrant's disclosure controls and procedures as they relate to the internal control over financial reporting for an acquired business during the first year following such acquisition.  As discussed in Note 2 to the consolidated financial statements contained in this Report, the Company acquired all of the outstanding stock of Meder electronic AG (“Meder”) on July 10, 2012.  Meder represented approximately 8.5% of the Company's consolidated revenue for the period ended June 30, 2013 and approximately 9.5% of the Company's consolidated assets at June 30, 2013.  Management's evaluation and conclusion as to the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of June 30, 2013 excludes any evaluation of the internal control over financial reporting of Meder.

There were no changes in the Company’s internal control over financial reporting identified in connection with management’s evaluation that occurred during the fourth quarter of our fiscal year (ended June 30, 2013) that has materially affected, or is reasonably likely to materially affect our internal control over financial reporting.

Management's Report on Internal Control over Financial Reporting

The management of Standex is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Section 240.13a-15(f) of the Exchange Act).  The Company’s internal control over financial reporting is designed to provide reasonable assurance as to the reliability of the Company’s financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  Management, including the Chief Executive Officer and the Chief Financial Officer, assessed the effectiveness of our internal control over financial reporting as of the end of the fiscal year covered by this report on Form 10-K.  In making this assessment, management used the criteria established by the Committee of Sponsoring Organizations of the Treadway Commission in “Internal Control-Integrated Framework.”  These criteria are in the areas of control environment, risk assessment, control activities, information and communication and monitoring.  Management’s assessment included documenting, evaluating and testing the design and operating effectiveness of our internal control over financial reporting.

Based on the Company’s processes, as described above, management, including the Chief Executive Officer and the Chief Financial Officer, has concluded that our internal control over financial reporting was effective as of June 30, 2013 to provide reasonable assurance of achieving its objectives.  These results were reviewed with the Audit Committee of the Board of Directors.  Deloitte & Touche LLP, the independent registered public accounting firm that audited our consolidated financial statements included in this Annual Report on Form 10-K, has issued an unqualified attestation report on the Company’s internal control over financial reporting, which is included below.

Inherent Limitation on Effectiveness of Controls

No matter how well designed, internal control over financial reporting has inherent limitations.  Internal control over financial reporting determined to be effective can provide only reasonable, not absolute, assurance with respect to financial statement preparation and may not prevent or detect all misstatements that might be due to error or fraud.  In addition, a design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.  Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

Standex International Corporation

Salem, New Hampshire

We have audited the internal control over financial reporting of Standex International Corporation and subsidiaries (the "Company") as of June 30, 2013, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.  As described in “Management’s Annual Report on Internal Control over Financial Reporting”, management excluded from its assessment the internal control over financial reporting at Meder electronic AG, which was acquired on July 10, 2012, and whose financial statements constitute 13.5% and 9.5% of net and total assets, respectively, 8.5% of revenues, and 12.1% of net income of the consolidated financial statements as of and for the year ended June 30, 2013.  Accordingly, our audit did not include the internal controls over financial reporting at Meder electronic AG.  The Company's management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Report on Internal Control over Financial Reporting.  Our responsibility is to express an opinion on the Company's internal control over financial reporting based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects.  Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

A company's internal control over financial reporting is a process designed by, or under the supervision of, the company's principal executive and principal financial officers, or persons performing similar functions, and effected by the company's board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis.  Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of June 30, 2013, based on the criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements as of and for the year ended June 30, 2013 of the Company and our report dated August 27, 2013 expressed an unqualified opinion on those financial statements.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

August 27, 2013

Item 9B.  Other Information

None

PART III

Item 10.  Directors, Executive Officers and Corporate Governance

The Company will file with the Securities and Exchange Commission (“SEC”) a definitive Proxy Statement no later than 120 days after the close of the fiscal year ended June 30, 2013 (the “Proxy Statement”).  The information required by this item and not provided in Part 1 of this report under Item 1 “Executive Officers of Standex” is incorporated by reference from the Proxy Statement under the captions “Election of Directors,” “Stock Ownership in the Company,” “Other Information Concerning the Company, Board of Directors and its Committees” and “Section 16(a) Beneficial Ownership Reporting Compliance.”

There have been no material changes to the procedures by which security holders may recommend nominees to our board of directors.  Information regarding the process for identifying and evaluating candidates for director are set forth and incorporated in reference to the information in the Proxy Statement under the caption “Corporate Governance/Nominating Committee Report.”

Information regarding the Audit Committee Financial Expert and the identification of the Audit Committee is incorporated by reference to the information in the Proxy Statement under the caption “Other Information Concerning the Company Board of Directors and its Committee, Audit Committee.”  The Audit Committee is established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act.

We maintain a corporate governance section on our website, which includes our code of ethics for senior financial management that applies to our chief executive officer, principal financial officer, principal accounting officer, controller or persons performing similar functions.  Our corporate governance section also includes our code of business conduct and ethics for all employees.  In addition, we will promptly post any amendments to or waivers of the code of ethics for senior financial management on our website.  You can find this and other corporate governance information at www.standex.com.  

Item 11.  Executive Compensation

Information regarding executive compensation is incorporated by reference from the Proxy Statement under the captions and sub-captions:  “Executive Compensation,” “Compensation Discussion and Analysis,” “Report of the Compensation Committee,” “2013 Summary Compensation Table,” “Other Information Concerning the Company Board of Directors and Its Committees,” and “Directors Compensation.”  

Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The stock ownership of each person known to Standex to be the beneficial owner of more than 5% of its Common Stock is incorporated by reference in the Proxy Statement under the caption “Stock Ownership of Certain Beneficial Owners.”  The beneficial ownership of Standex Common Stock of all directors and executive officers of the Company is incorporated by reference in the Proxy Statement under the caption and sub-caption “Stock Ownership in the Company” and “Stock Ownership by Directors, Nominees for Directors and Executive Officers,” respectively.

The Equity Compensation Plan table below presents information regarding the Company’s equity based compensation plan at June 30, 2013.

	(A)	(B)	(C)
			Number of Securities
			Remaining Available
	Number of Securities	Weighted-Average	For Future Issuance
	To Be Issued Upon	Exercise Price Of	Under Equity
	Exercise Of	Outstanding	Compensation Plans
	Outstanding Options,	Options, Warrants	(Excluding Securities
Plan Category	Warrants And Rights	And Rights	reflected in Column (A))
Equity compensation plans approved by
stockholders	393,992	$4.81	565,200
Equity compensation plans not approved
by stockholders	-	-	-
Total	393,992	$4.81	565,200

The Company has one equity compensation plan, approved by stockholders, under which equity securities of the Company have been authorized for issuance to employees and non-employee directors.  This plan is further described in the “Notes to Consolidated Financial Statements” under the heading “Stock-Based Compensation and Purchase Plans.”

Item 13.  Certain Relationships and Related Transactions and Director Independence

Information regarding certain relationships and related transactions is incorporated by reference in the Proxy Statement under the caption and sub-caption “Certain Relationships and Related Transactions” And “Stock Ownership by Directors, Nominees for Director and Executive Officers,” respectively.

Information regarding director independence is incorporated by reference in the Proxy Statement under the caption “Election of Directors - Determination of Independence.”

Item 14.  Principal Accountant Fees and Services

This Information in addition to information regarding aggregate fees billed for each of the last two fiscal years for professional services rendered by the professional accountant for audit of the Company’s annual financial statements and review of financial statements included in the Company’s Form 10-K as well as others are incorporated by reference in the Proxy Statement under the caption “Independent Auditors’ Fees.”

PART IV

Item 15.  Exhibits and Financial Statement Schedules

(a)(1)

Financial Statements

Financial Statements covered by the Report of Independent Registered Public Accounting Firm

(A)

Consolidated Statements of Operations for the fiscal years ended June 30, 2013, 2012 and 2011

(B)

Consolidated Balance Sheets as of June 30, 2013 and 2012

(C)

Consolidated Statements of Stockholders’ Equity and Comprehensive Income for the fiscal years ended June 30, 2013, 2012 and 2011

(D)

Consolidated Statements of Cash Flows for the fiscal years ended June 30, 2013, 2012 and 2011

(E)

Notes to Consolidated Financial Statements

    (2)

Financial Statements Schedule

The following financial statement schedule is included as required by Item 8 to this report on Form 10-K

Schedule II – Valuation and Qualifying Accounts is included in the Notes to Consolidated Financial Statements

All other schedules are not required and have been omitted

    (3)

Exhibits

       Incorporated

Exhibit

       by Reference      

   Filed   

Number

                    Exhibit Description                         

Form

     Date

Herewith

(b)

3.

(i)

Restated Certificate of Incorporation of Standex,

10-Q

12/31/1998

dated October 27, 1998 filed as Exhibit 3(i).

(ii)

By-Laws of Standex, as amended, and restated on

8-K

10/30/2008

October 28, 2008 filed as Item 5.03, Exhibit 3.(b)

4.

(a)

Agreement of the Company, dated September 15, 1981,

10-K

6/30/1981

to furnish a copy of any instrument with respect to

certain other long-term debt to the Securities and

Exchange Commission upon its request filed as

Exhibit 4.

10.

(a)

Amended and Restated Employment Agreement

10-K

6/30/2010

dated August 25, 2010 between the Company

and Roger L. Fix*

(b)

Amended and Restated Employment Agreement

10-K

6/30/2010

dated August 25, 2010 between the Company

and John Abbott*

(c)

Amended and Restated Employment Agreement

10-K

6/30/2010

dated August 25, 2010 between the Company

and Thomas D. DeByle*

(d)

Amended and Restated Employment Agreement

10-K

6/30/2010

dated August 25, 2010 between the Company

and Deborah A. Rosen*

(e)

Amended and Restated Employment Agreement

10-K

6/30/2010

dated August 25, 2010 between the Company

and James L. Mettling*

(f)

Standex International Corporation Amended and

10-K

6/30/2012

And Restated 2008 Long Term Incentive Plan,

effective October 28, 2008.  Filed as Exhibit 10.*

(g)

Standex International Corporation Executive

10-Q

3/31/2001

Security Program, as amended and restated on

January 31, 2001 filed as Exhibit 10(a).*

(h)

Standex International Corporation Executive Life

10-K

6/30/2001

Insurance Plan effective April 27, 1994 and as

Amended and restated on April 25, 2001 filed

as Exhibit 10(k).*

(i)

Standex International Corporation Supplemental

10-K

6/30/1995

Retirement Plan adopted April 26, 1995 and

Amended on July 26, 1995 filed as Exhibit 10(n).*

(j)

Standex International Corporation Key Employee

10-K

6/30/2003

Share Option Plan dated June 27, 2002 filed

as Exhibit 10(p).*

(k)

Form of Indemnification Agreement for directors

8-K

5/5/2008

and executive officers of the Company filed as

Item 1.01, Exhibit 10.*

(l)

Executive Officer long-term performance share

8-K

8/28/2008

Unit awards filed as Item 5.02.*

(m)

Standex Deferred Compensation Plan for highly

8-K

1/31/2008

compensated employees filed as Item 5.02.*

(n)

Restricted stock Unit Award granted to Roger L.

8-K

1/27/2006

Fix dated January 25, 2006 filed as Item 1.01.*

(o)

Credit Agreement dated January 5, 2012

8-K

1/05/2012

between the Company and RBS Citizens, N.A.,

Bank of America, N.A., Sovereign Bank,

T. D. Bank, N.A. and the lenders named in the

Credit Agreement as Lenders filed as Exhibit 10.

(p)

Amendment to Directors’ Compensation Program

8-K

11/2/2006

for members of the Board of Directors of the

Company filed as Item 1.01.*

(q)

Purchase and Sale Agreement dated February 22,

10-Q

3/31/2012

2012 among the Company, Standex Air Distribution,

Products, Inc., Snappy Air Distribution Products, Inc.

as Sellers and BW HVAC Operations, LLC and

BW HVAC Real Estate Holdings, LLC as Buyers

(r)

Code of Ethics for chief Executive Officer and

10-K

6/30/2005

Senior Financial Officers is incorporated by

reference as Exhibit 14.

21.

Subsidiaries of Standex International Corporation

X

23.

Consent of Independent Registered Public

X

Accounting Firm

24.

Powers of Attorney of Charles H. Cannon, Thomas E.

X

Chorman, William R. Fenoglio, Gerald H. Fickenscher,

Thomas J. Hansen, Daniel B. Hogan, H. Nicholas Muller, III, Ph. D.,

and Edward J. Trainor

31.1

Rule 13a-14(a) Certification of President and

X

Chief Executive Officer

31.2

Rule 13a-14(a) Certification of Vice President and

X

Chief Financial Officer

32.

Section 1350 Certification

X

101.INS

XBRL Instance Document

101.SCH

XBRL Taxonomy Extension Schema Document

101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF

XBRL Taxonomy Extension Definition Linkbase Document

101.LAB

XBRL Taxonomy Extension Label Linkbase Document

101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document

*     Management contract or compensatory plan or arrangement.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Standex International Corporation has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized, on August 27, 2013.

32

STANDEX INTERNATIONAL CORPORATION

(Registrant)

/s/  Roger L. Fix

Roger L. Fix

President/Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of Standex International Corporation and in the capacities indicated on August 27, 2013:

Signature

Title

/s/  Roger L. Fix

President/Chief Executive Officer

Roger L. Fix

/s/  Thomas De DeByle

Vice President/Chief Financial Officer

Thomas D. DeByle

/s/  Sean Valashinas

Chief Accounting Officer

Sean Valashinas

Roger L. Fix, pursuant to powers of attorney which are being filed with this Annual Report on Form 10-K, has signed below on August 27, 2013 as attorney-in-fact for the following directors of the Registrant:

Charles H. Cannon	Thomas E. Chorman
William R. Fenoglio	H. Nicholas Muller, III, Ph.D.
Gerald H. Fickenscher	Daniel B. Hogan,
Edward J. Trainor	Thomas J. Hansen

/s/  Roger L. Fix

Roger L. Fix

Supplemental Information to be furnished with reports filed pursuant to Section 15(d) of the Act by Registrants which have not registered securities pursuant to Section 12 of the Act.

The Company will furnish its 2013 Proxy Statement and proxy materials to security holders subsequent to the filing of the annual report on this Form.  Copies of such material shall be furnished to the Commission when they are sent to security holders.

33

INDEX TO EXHIBITS

PAGE

21.

Subsidiaries of Standex

23.

Consent

of Independent Registered Public Accounting Firm

24.

Powers of Attorney of Charles H. Cannon, Thomas E. Chorman, William R. Fenoglio, Gerald Fickenscher, Thomas J. Hansen, Daniel B. Hogan, H. Nicholas Muller, III, Ph.D., and Edward J. Trainor

31.1

Rule 13a-14(a) Certification of President and Chief Executive Officer

31.2

Rule 13a-14(a) Certification of Vice President and Chief Financial Officer

32.

Section 1350 Certification

END OF FORM 10-K

SUPPLEMENTAL INFORMATION FOLLOWS

34

Board of Directors

Title

Edward J. Trainor⁴

Chairman

Charles H. Cannon, Jr.,^{2, 4}

Chairman and CEO, JBT Corporation

Thomas E. Chorman^{1, 3}

CEO, Solar LED Innovations, LLC

William R. Fenoglio^{1, 4}

Former President/CEO, Augat, Inc.

Gerald H. Fickenscher^{1, 3}

Retired Vice President, Europe, Middle East,

and Africa, Crompton Corporation

Roger L. Fix⁴

President and Chief Executive Officer

Thomas J. Hansen¹

Former Vice Chairman of IllinoisTool Works, Inc.

Daniel B. Hogan, Ph. D. ^{2, 3}

Executive Director, Passim Folk Music and Cultural Center

H. Nicholas Muller, III, Ph.D. ^{2, 3}

Former President/CEO, Frank Lloyd Wright Foundation

________________________

¹

Member of Audit Committee

²

Member of Compensation Committee

³

Member of Corporate Governance/Nominating Committee

⁴

Member of Executive Committee

Corporate Officers

Roger L. Fix

President and Chief Executive Officer

Thomas D. DeByle

Vice President, Chief Financial Officer and Treasurer

Deborah A. Rosen

Vice President, Chief Legal Officer and Secretary

Stacey S. Constas

Corporate Governance Officer and Assistant Secretary

Sean Valashinas

Chief Accounting Officer and Assistant Treasurer

E. James Haggerty

Tax Director

Operating Management

FOOD SERVICE EQUIPMENT GROUP

John Abbott

Group Vice President of Food Service Equipment Group

Cooking Solutions Group

Kevin Clark

President

Refrigerated Solutions Group

Nor-Lake, Incorporated

Charles Dullea

President

American Foodservice

Michael Palmer

President

Federal Industries

John W. Minahan

President

Master-Bilt Products

Scott Jordan

President

Procon Products

Paul Roberts

President

ENGINEERING TECHNOLOGIES

Spincraft

Leonard Paolillo

President

ENGRAVING GROUP

Standex Engraving

Phillip R. Whisman

President

International Operations

Flavio Maschera

President

ELECTRONICS PRODUCTS GROUP

Standex Electronics, Inc

Standex Meder Electronics, Inc.

John Meeks

President

HYDRAULICS PRODUCTS GROUP

Custom Hoists, Inc.

Richard Hiltunen

President

Shareholder Information

Corporate Headquarters

Standex International Corporation

11 Keewaydin Drive

Salem, NH   03079

(603) 893-9701

Facsimile:  (603) 893-7324

www.standex.com

Common Stock

Listed on the New York Stock Exchange

(Ticker symbol:   SXI)

Transfer Agent and Registrar

Registrar and Transfer Company

10 Commerce Drive

Cranford, NJ  07016

(800) 866-1340

www.RTCO.com

Independent Auditors

Deloitte & Touche LLP

200 Berkeley Street

Boston, MA   02116-5022

Shareholder Services

Stockholders should contact Standex’s Transfer Agent (Registrar and Transfer Company, 10 Commerce Drive, Cranford, NJ 07016) regarding changes in name, address or ownership of stock; lost certificates of dividends; and consolidation of accounts.

Stockholders’ Meeting

The Annual Meeting of Stockholders will be held at 11:00 a.m. on Wednesday, October 30, 2013 at the Burlington Marriott, One Burlington Mall Road, Burlington, MA 01803, (781) 229-6565.

35

EX-21

Exhibit 21

STANDEX INTERNATIONAL CORPORATION AND SUBSIDIARIES

SUBSIDIARIES OF REGISTRANT

Information is set forth below concerning all operating subsidiaries of the Company as of June 30, 2013 (except subsidiaries which, considered in the aggregate do not constitute a significant subsidiary).

Jurisdiction of

Name of Subsidiary

Incorporation

Associated American Industries, Inc.

Texas

Custom Hoists, Inc.

Ohio

Dornbusch & Cia Industria E. Comercio Ltda.

Brazil

Mold-Tech Singapore Pte. Ltd.

Singapore

Nor-Lake, Incorporated

Wisconsin

Precision Engineering International Limited

United Kingdom

S. I. de Mexico S.A. de C.V.

Mexico

Standex de Mexico S.A. de C.V.

Mexico

Standex Electronics, Inc.

Delaware

Standex Electronics (U.K.) Limited

United Kingdom

Standex Engraving L.L.C.

Virginia

Standex Europe B.V.

The Netherlands

Standex Holdings Limited

United Kingdom

Standex International GmbH

Germany

Standex International Limited

United Kingdom

Standex International S.r.l.

Italy

Standex (Ireland) Limited

Ireland

 SXI Limited

Canada

EX-23

Exhibit 23

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement Nos. 333-161647, 333-147190 and 333-179513 on Form S-8 of our reports dated August 27, 2013, relating to the consolidated financial statements of Standex International Corporation and the effectiveness of Standex International Corporation’s internal control over financial reporting, appearing in this Annual Report on Form 10-K of Standex International Corporation for the year ended June 30, 2013.

/s/ Deloitte & Touche LLP

August 27, 2013

Boston, Massachusetts

EX-24

EXHIBIT 24

POWER OF ATTORNEY

The undersigned, being a director of Standex International Corporation (“Standex”), hereby constitutes Roger L. Fix and Deborah A. Rosen, and each of them singly, my true and lawful attorney with full power to them, and each of them singly, to sign for me and in my name in my capacity as a director of Standex, the Annual Report of Standex on Form 10-K for the fiscal year ended June 30, 2013, and any and all amendments thereto and generally to do such things in my name and behalf to enable Standex to comply with the requirements of the Securities and Exchange Commission relating to Form 10-K.

Witness my signature as of the 27th day of August, 2013.

/s/  Charles H. Cannon, Jr.

_______________________________

Charles H. Cannon, Jr.

EXHIBIT 24

POWER OF ATTORNEY

The undersigned, being a director of Standex International Corporation (“Standex”), hereby constitutes Roger L. Fix and Deborah A. Rosen, and each of them singly, my true and lawful attorney with full power to them, and each of them singly, to sign for me and in my name in my capacity as a director of Standex, the Annual Report of Standex on Form 10-K for the fiscal year ended June 30, 2013, and any and all amendments thereto and generally to do such things in my name and behalf to enable Standex to comply with the requirements of the Securities and Exchange Commission relating to Form 10-K.

Witness my signature as of the 27th day of August, 2013.

/s/  Thomas E. Chorman

_______________________________

Thomas E. Chorman

EXHIBIT 24

POWER OF ATTORNEY

The undersigned, being a director of Standex International Corporation (“Standex”), hereby constitutes Roger L. Fix and Deborah A. Rosen, and each of them singly, my true and lawful attorney with full power to them, and each of them singly, to sign for me and in my name in my capacity as a director of Standex, the Annual Report of Standex on Form 10-K for the fiscal year ended June 30, 2013, and any and all amendments thereto and generally to do such things in my name and behalf to enable Standex to comply with the requirements of the Securities and Exchange Commission relating to Form 10-K.

Witness my signature as of the 27th day of August, 2013.

/s/  William R. Fenoglio

_______________________________

William R. Fenoglio

EXHIBIT 24

POWER OF ATTORNEY

The undersigned, being a director of Standex International Corporation (“Standex”), hereby constitutes Roger L. Fix and Deborah A. Rosen, and each of them singly, my true and lawful attorney with full power to them, and each of them singly, to sign for me and in my name in my capacity as a director of Standex, the Annual Report of Standex on Form 10-K for the fiscal year ended June 30, 2013, and any and all amendments thereto and generally to do such things in my name and behalf to enable Standex to comply with the requirements of the Securities and Exchange Commission relating to Form 10-K.

Witness my signature as of the 27th day of August, 2013.

/s/ Gerald H. Fickenscher

_______________________________

Gerald H. Fickenscher

EXHIBIT 24

POWER OF ATTORNEY

The undersigned, being a director of Standex International Corporation (“Standex”), hereby constitutes Roger L. Fix and Deborah A. Rosen, and each of them singly, my true and lawful attorney with full power to them, and each of them singly, to sign for me and in my name in my capacity as a director of Standex, the Annual Report of Standex on Form 10-K for the fiscal year ended June 30, 2013, and any and all amendments thereto and generally to do such things in my name and behalf to enable Standex to comply with the requirements of the Securities and Exchange Commission relating to Form 10-K.

Witness my signature as of the 27th day of August, 2013.

/s/  Thomas J. Hansen

_______________________________

Thomsa J. Hansen

EXHIBIT 24

POWER OF ATTORNEY

The undersigned, being a director of Standex International Corporation (“Standex”), hereby constitutes Roger L. Fix and Deborah A. Rosen, and each of them singly, my true and lawful attorney with full power to them, and each of them singly, to sign for me and in my name in my capacity as a director of Standex, the Annual Report of Standex on Form 10-K for the fiscal year ended June 30, 2013, and any and all amendments thereto and generally to do such things in my name and behalf to enable Standex to comply with the requirements of the Securities and Exchange Commission relating to Form 10-K.

Witness my signature as of the 27th day of August, 2013.

/s/  Daniel B. Hogan

_______________________________

Daniel B. Hogan

EXHIBIT 24

POWER OF ATTORNEY

The undersigned, being a director of Standex International Corporation (“Standex”), hereby constitutes Roger L. Fix and Deborah A. Rosen, and each of them singly, my true and lawful attorney with full power to them, and each of them singly, to sign for me and in my name in my capacity as a director of Standex, the Annual Report of Standex on Form 10-K for the fiscal year ended June 30, 2013, and any and all amendments thereto and generally to do such things in my name and behalf to enable Standex to comply with the requirements of the Securities and Exchange Commission relating to Form 10-K.

Witness my signature as of the 27th day of August, 2013.

/s/ H. Nicholas Muller, III

_______________________________

H. Nicholas Muller, III

EXHIBIT 24

POWER OF ATTORNEY

The undersigned, being a director of Standex International Corporation (“Standex”), hereby constitutes Roger L. Fix and Deborah A. Rosen, and each of them singly, my true and lawful attorney with full power to them, and each of them singly, to sign for me and in my name in my capacity as a director of Standex, the Annual Report of Standex on Form 10-K for the fiscal year ended June 30, 2013, and any and all amendments thereto and generally to do such things in my name and behalf to enable Standex to comply with the requirements of the Securities and Exchange Commission relating to Form 10-K.

Witness my signature as of the 27th day of August, 2013

.

/s/  Edward J. Trainor

_______________________________

Edward J. Trainor

EX-31

EXHIBIT 31.1

RULE 13a-14(a) CERTIFICATION

I, Roger L. Fix, certify that:

1.

I have reviewed this Annual Report on Form 10-K of Standex International Corporation for the period ending June 30, 2013;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially

98

affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):  

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  August 27, 2013

/s/  Roger L. Fix

______________________________

Roger L. Fix

President/Chief Executive Officer

99

EX-31

EXHIBIT 31.2

RULE 13a-14(a) CERTIFICATION

I, Thomas D. DeByle, certify that:

1.

I have reviewed this Annual Report on Form 10-K of Standex International Corporation for the period ending June 30, 2013;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and  

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  February 3, 2014

/s/  Thomas D. DeByle

______________________________

Thomas D. DeByle

Vice President/Chief Financial Officer

EX-32

EXHIBIT 32

SECTION 1350 CERTIFICATION

The following statement is being made to the Securities and Exchange Commission solely for purposes of Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350), which carries with it certain criminal penalties in the event of a knowing or willful misrepresentation.

Each of the undersigned hereby certifies that the Annual Report on Form 10-K for the period ended June 30, 2013 fully complies with the requirements of Section 13(a) or Section 15(d), as applicable, of the Securities Exchange Act of 1934, as amended, and that the information contained in such report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

Dated:  February 3, 2014

/s/  David A. Dunbar

_______________________________

David A. Dunbar

President/Chief Executive Officer

Dated: February 3, 2014

/s/  Thomas D. DeByle

_______________________________

Thomas D. DeByle

Vice President/Chief Financial Officer

102

XML

Note 9 - Derivative Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives [Table Text Block]

							Fair Value at June 30,
Effective Date	Notional Amount		Fixed Interest Rate			Maturity	2013			2012
June 1, 2010	$	5,000,000		2.495	%	May 26, 2015	$	(205	)	$	(300	)
June 1, 2010		5,000,000		2.495	%	May 26, 2015		(205	)		(300	)
June 4, 2010		10,000,000		2.395	%	May 26, 2015		(389	)		(566	)
June 9, 2010		5,000,000		2.34	%	May 26, 2015		(190	)		(275	)
June 18, 2010		5,000,000		2.38	%	May 26, 2015		(194	)		(283	)
September 21, 2011		5,000,000		1.28	%	September 21, 2013		(14	)		(61	)
September 21, 2011		5,000,000		1.60	%	September 22, 2014		(83	)		(136	)
March 15, 2012		10,000,000		2.75	%	March 15, 2016		(595	)		(813	)
							$	(1,875	)	$	(2,734	)

Schedule of Foreign Exchange Contracts, Statement of Financial Position [Table Text Block]

Currency	2013		2012
Mexican Peso		-		3,750,000
Euro		48,349,064		2,350,000
Canadian Dollar		3,600,000		1,250,000
Pound Sterling		2,580,289		933,473
Singapore Dollar		-		1,500,000
Australian Dollar		-		-

XML

Note 20 - Quarterly Results of Operations (Unaudited) (Details) - Quarterly results of operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended																12 Months Ended
	Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2012		Sep. 30, 2012		Jun. 30, 2012		Mar. 31, 2012		Dec. 31, 2011		Sep. 30, 2011		Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Quarterly results of operations [Abstract]
Net sales	$ 183,275		$ 165,970		$ 168,629		$ 183,386		$ 169,800		$ 150,666		$ 154,868		$ 159,306		$ 701,260	$ 634,640	$ 581,369
Gross profit	58,010		52,551		56,290		59,245		57,301		48,167		50,270		52,746		226,096	208,484	191,538
Net income (loss)	$ 12,496		$ 9,561		$ 10,961		$ 11,830		$ 13,943		$ 9,120		$ (4,116)		$ 11,958		$ 44,848	$ 30,905	$ 35,367
EARNINGS PER SHARE 1
Basic (in Dollars per share)	$ 0.99	[1]	$ 0.77	[1]	$ 0.88	[1]	$ 0.95	[1]	$ 1.10	[1]	$ 0.73	[1]	$ (0.33)	[1]	$ 0.96	[1]	$ 3.57	$ 2.47	$ 2.83
Diluted (in Dollars per share)	$ 0.98	[1]	$ 0.76	[1]	$ 0.86	[1]	$ 0.93	[1]	$ 1.08	[1]	$ 0.71	[1]	$ (0.32)	[1]	$ 0.94	[1]	$ 3.51	$ 2.42	$ 2.77

[1] Basic and diluted earnings per share are computed independently for each reporting period. Accordingly, the sum of the quarterly earnings per share amounts may not agree to the year-to-date amounts.

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Note 1 - Summary of Accounting Policies (Details) - Changes in warranty reserve (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Changes in warranty reserve [Abstract]
Balance at beginning of year	$ 6,083	$ 5,131	$ 4,761
Warranty expense	5,090	4,459	2,685
Warranty claims	(4,062)	(3,507)	(2,315)
Balance at end of year	$ 7,111	$ 6,083	$ 5,131

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Note 20 - Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Jun. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

	2013
	First		Second		Third		Fourth
Net sales	$	183,386	$	168,629	$	165,970	$	183,275
Gross profit		59,245		56,290		52,551		58,010
Net income (loss)		11,830		10,961		9,561		12,496
EARNINGS PER SHARE 1
Basic	$	0.95	$	0.88	$	0.77	$	0.99
Diluted	$	0.93	$	0.86	$	0.76	$	0.98

	2012
	First		Second			Third		Fourth
Net sales	$	159,306	$	154,868		$	150,666	$	169,800
Gross profit		52,746		50,270			48,167		57,301
Net income (loss)		11,958		(4,116	)		9,120		13,943
EARNINGS PER SHARE 1
Basic	$	0.96	$	(0.33	)	$	0.73	$	1.10
Diluted	$	0.94	$	(0.32	)	$	0.71	$	1.08

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Note 8 - Accrued Liabilities (Details) - Accrued expenses (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Accrued expenses [Abstract]
Payroll and employee benefits	$ 25,754	$ 27,110
Workers' compensation	2,489	3,325
Warranty	7,112	6,083
Other	11,626	14,606
Total	$ 46,981	$ 51,124

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Note 1 - Summary of Accounting Policies (Details) - Weighted average number of shares In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Weighted average number of shares [Abstract]
Basic – Average Shares Outstanding	12,561	12,517	12,475
Effect of Dilutive Securities – Stock Options and Restricted Stock Awards	219	270	277
Diluted – Average Shares Outstanding	12,780	12,787	12,752

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Note 10 - Income Taxes (Details) - Deferred income taxes (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Deferred tax liabilities:
Depreciation and amortization	$ (18,778)	$ (19,247)
Other		(1,832)
Total deferred tax liability	(18,778)	(21,079)
Deferred tax assets:
Accrued compensation	3,464	3,966
Accrued expenses and reserves	2,429	6,242
Pension	12,246	19,985
Inventory	1,588	1,554
Other	806	1,678
Net operating loss and credit carry forwards	3,164	2,631
Total deferred tax asset	23,697	36,056
Less: Valuation allowance	(520)	(813)
Net deferred tax asset (liability)	$ 4,399	$ 14,164

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Note 17 - Employee Benefit Plans (Details) - Company’s participation in multiemployer pension plans (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Multiemployer Plans [Line Items]
Contributions	$ 1,117	$ 1,050	$ 1,026
New England Teamsters And Trucking Industry Pension Fund [Member]
Multiemployer Plans [Line Items]
Contributions	391	427	367
Laborers' Local 57 Industrial Pension Fund Of Philadelphia, PA [Member]
Multiemployer Plans [Line Items]
Contributions	89		39
Sheet Metal Workers' National Pension Fund [Member]
Multiemployer Plans [Line Items]
Contributions	38		36
IAM National Pension Fund, National Pension Plan [Member]
Multiemployer Plans [Line Items]
Contributions	$ 599	$ 623	$ 584

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Note 17 - Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2013

Note 17 - Employee Benefit Plans (Tables) [Line Items]

Schedule of Fair Value of Plan Assets [Table Text Block]

	June 30, 2013
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	726	$	439	$	287	$	-
Common and preferred stocks		107,130		18,824		88,306		-
U.S. Government securities		13,018		-		13,018		-
Corporate bonds and other fixed income securities		101,990		775		101,215		-
Other		8,196		-		8,196		-
	$	231,060	$	23,608	$	207,452	$	-

	June 30, 2012
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	9,547	$	222	$	9,325	$	-
Common and preferred stocks		89,495		16,585		72,910		-
U.S. Government securities		18,159		-		18,159		-
Corporate bonds and other fixed income securities		90,052		641		89,411		-
Other		20,603		-		20,603		-
	$	227,856	$	17,448	$	210,408	$	-

Schedule of Allocation of Plan Assets [Table Text Block]

	U.S. Plans						Foreign Plans
	Year Ended June 30,						Year Ended June 30,
	2013			2012			2013			2012
Asset Category
Equity securities		38	%		32	%		35	%		34	%
Debt securities		25	%		31	%		64	%		65	%
Global balanced securities		27	%		24	%		-			-
Other		10	%		13	%		1	%		1	%
Total		100	%		100	%		100	%		100	%

Schedule of Assumptions Used [Table Text Block]

Year Ended June 30	2013			2012			2011
Plan assumptions - obligation
Discount rate	3.50 -	-	5.10%	4.00 -	-	4.60%	5.60 -	-	6.00%
Rate of compensation increase	3.50 -	-	3.90%	3.40 -	-	3.50%	3.50 -	-	4.00%
Plan assumptions - cost
Discount rate	4.00 -	-	4.60%	5.50 -	-	6.00%	4.40 -	-	5.90%
Expected return on assets	4.80 -	-	7.80%	5.40 -	-	8.10%	5.70 -	-	8.10%
Rate of compensation increase	3.40 -	-	3.50%	3.50 -	-	4.00%	3.50 -	-	3.80%

Schedule of Multiemployer Plans [Table Text Block]

			Pension Protection Act Zone Status			Contributions
Pension Fund	EIN/Plan Number		2013	2012	FIP/RP Status	2013		2012		2011		Surcharge Imposed?	Expiration Date of Collective Bargaining Agreement
New England Teamsters and Trucking Industry Pension Fund		04-6372430-001	Red	Red	Yes/ Implemented	$	427	$	367	$	391	No	4/15/2015
Laborers' Local 57 Industrial Pension Fund of Philadelphia, PA		23-1627410-003	Green	Green	No		-		39		89	No		-
Sheet Metal Workers' National Pension Fund		52-6112463-001	Red	Red	Yes/ Implemented		-		36		38	No		-
IAM National Pension Fund, National Pension Plan		51-6031295-002	Green	Green	No		623		584		599	No	10/14/2013 -5/31/2015
						$	1,050	$	1,026	$	1,117

Pension Plans [Member]

Note 17 - Employee Benefit Plans (Tables) [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

Components of Net Periodic Benefit Cost	Pension Benefits
	U.S. Plans									Foreign Plans
	Year Ended June 30,									Year Ended June 30,
	2013			2012			2011			2013			2012			2011
Service Cost	$	702		$	447		$	444		$	40		$	34		$	41
Interest Cost		10,941			11,975			12,151			1,667			1,758			1,683
Expected return on plan assets		(14,790	)		(15,333	)		(15,777	)		(1,339	)		(1,527	)		(1,495	)
Recognized net actuarial loss		7,577			4,814			4,342			901			527			604
Amortization of prior service cost (benefit)		98			111			139			(57	)		(59	)		(60	)
Amortization of transition obligation (asset)		2			2			2			-			-			-
Curtailment		52			-			-			-			-			-
Net periodic benefit cost (benefit)	$	4,582		$	2,016		$	1,301		$	1,212		$	733		$	773

Schedule of Net Funded Status [Table Text Block]

	U.S. Plans						Foreign Plans
	Year Ended June 30,						Year Ended June 30,
	2013			2012			2013			2012
Change in benefit obligation
Benefit obligation at beginning of year	$	245,212		$	213,637		$	37,527		$	33,141
Service cost		702			447			40			34
Interest cost		10,941			11,975			1,667			1,758
Actuarial loss (gain)		(12,366	)		33,766			705			5,596
Benefits paid		(14,776	)		(14,613	)		(1,361	)		(1,306	)
Curtailment		(1,839	)		-			-			-
Foreign currency exchange rate		-			-			(681	)		(1,696	)
Projected benefit obligation at end of year	$	227,874		$	245,212		$	37,897		$	37,527
Change in plan assets
Fair value of plan assets at beginning of year	$	198,718		$	191,179		$	29,138		$	28,241
Actual return on plan assets		12,825			15,966			2,805			1,937
Employer contribution		3,407			6,186			1,171			1,147
Benefits paid		(14,776	)		(14,613	)		(1,361	)		(1,306	)
Foreign currency exchange rate		-			-			(864	)		(881	)
Fair value of plan assets at end of year	$	200,174		$	198,718		$	30,889		$	29,138
Funded Status	$	(27,700	)	$	(46,494	)	$	(7,008	)	$	(8,389	)
Amounts recognized in the consolidated balance sheets consist of:
Prepaid Benefit Cost	$	-		$	-		$	99		$	-
Current liabilities		(149	)		(179	)		(1,120	)		(1,154	)
Non-current liabilities		(27,551	)		(46,315	)		(5,987	)		(7,235	)
Net amount recognized	$	(27,700	)	$	(46,494	)	$	(7,008	)	$	(8,389	)
Unrecognized net actuarial loss		97,103			116,920			9,651			11,511
Unrecognized prior service cost		370			522			(267	)		(315	)
Accumulated other comprehensive income, pre-tax	$	97,473		$	117,442		$	9,384		$	11,196

Postretirement Benefit Other Than Pensions [Member]

Note 17 - Employee Benefit Plans (Tables) [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

	Year Ended June 30,
	2013			2012			2011
Service Cost		13		$	19		$	12
Interest Cost		49			101			106
Recognized net actuarial gain		(24	)		(55	)		(57	)
Curtailment		51			-			-
Plan Settlement		(2,329	)		-			-
Amortization of transition obligation		112			223			223
Net periodic benefit cost	$	(2,128	)	$	288		$	284

Schedule of Net Funded Status [Table Text Block]

	Year Ended June 30,
	2013			2012
Change in benefit obligation
Benefit obligation at beginning of year	$	2,002		$	1,808
Service cost		13			19
Interest cost		49			101
Plan participants' contributions		34			36
Actuarial loss (gain)		4			188
Curtailment		(78	)		-
Settlement		(1,712	)		-
Benefits paid		(120	)		(150	)
Accumulated benefit obligation at end of year	$	192		$	2,002
Change in plan assets
Fair value of plan assets at beginning of year	$	-		$	-
Employer contribution		86			114
Plan participants' contribution		34			36
Benefits paid		(120	)		(150	)
Foreign currency exchange rate		-			-
Fair value of plan assets at end of year	$	-		$	-
Funded Status	$	(192	)	$	(2,002	)
Amounts recognized in the consolidated balance sheets
consist of:
Current liabilities	$	(36	)	$	(135	)
Non-current liabilities		(156	)		(1,867	)
Net amount recognized	$	(192	)	$	(2,002	)
Accumulated other comprehensive income, pre-tax
Unrecognized net actuarial loss		(65	)		(710	)
Unrecognized transition obligation		-			240
Net amount recognized	$	(65	)	$	(470	)

Target [Member]

Note 17 - Employee Benefit Plans (Tables) [Line Items]

Schedule of Allocation of Plan Assets [Table Text Block]

	2013
Asset Category – Target	U.S.			U.K.			Ireland
Equity securities		35	%		33	%		70	%
Debt and market neutral securities		30	%		67	%		20	%
Global balanced securities		25	%		0	%		0	%
Other		10	%		0	%		10	%
Total		100	%		100	%		100	%

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Note 3 - Inventories (Tables)

12 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

June 30	2013		2012
Raw materials	$	37,906	$	33,208
Work in process		24,112		21,833
Finished goods		22,938		18,035
Total	$	84,956	$	73,076

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Note 10 - Income Taxes (Details) - Provision for income taxes (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Provision for income taxes [Abstract]
Continuing operations	$ 15,910	$ 15,912	$ 14,922
Discontinued operations	(184)	(9,322)	(1,307)
	$ 15,726	$ 6,590	$ 13,615

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Note 9 - Derivative Financial Instruments (Details) - Foreign currency exchange contracts (USD $)	Jun. 30, 2013	Jun. 30, 2012
Note 9 - Derivative Financial Instruments (Details) - Foreign currency exchange contracts [Line Items]
Notional Amount	$ 50,000,000
Mexico, Pesos
Note 9 - Derivative Financial Instruments (Details) - Foreign currency exchange contracts [Line Items]
Notional Amount		3,750,000
Euro Member Countries, Euro
Note 9 - Derivative Financial Instruments (Details) - Foreign currency exchange contracts [Line Items]
Notional Amount	48,349,064	2,350,000
Canada, Dollars
Note 9 - Derivative Financial Instruments (Details) - Foreign currency exchange contracts [Line Items]
Notional Amount	3,600,000	1,250,000
United Kingdom, Pounds
Note 9 - Derivative Financial Instruments (Details) - Foreign currency exchange contracts [Line Items]
Notional Amount	2,580,289	933,473
Singapore, Dollars
Note 9 - Derivative Financial Instruments (Details) - Foreign currency exchange contracts [Line Items]
Notional Amount		$ 1,500,000

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Note 14 - Other Comprehensive Income and Accumulated Other Comprehensive Loss (Details) - Accumulated Other Comprehensive Loss (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Accumulated Other Comprehensive Loss [Abstract]
Foreign currency translation adjustment	$ 3,745	$ 7,770
Unrealized pension losses, net of tax	(67,857)	(81,197)
Unrealized losses on derivative instruments, net of tax	(1,168)	(1,698)
Total	$ (65,280)	$ (75,125)

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Note 2 - Acquisitions (Details) - Components of fair value of acquisitions and allocation of purchase price (USD $) In Thousands, unless otherwise specified	12 Months Ended			12 Months Ended		1 Months Ended	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2013 Preliminary Allocation [Member]	Jun. 30, 2013 Adjustments [Member]	Jul. 31, 2012 Meder Electronic [Member]	Jun. 30, 2013 Meder Electronic [Member]
Fair value of business combination:
Cash payments				$ 42,103	$ 1,078	$ 43,200	$ 43,181
Less: cash acquired				(3,568)			(3,568)
Total	39,613	26,603		38,535	1,078		39,613
Identifiable assets acquired and liabilities assumed
Current Assets				20,246			20,246
Property, plant, and equipment				10,651	409		11,060
Identifiable intangible assets		1,600		8,200		8,200	8,200
Goodwill	111,905	102,439	100,633	11,131	932	12,100	12,063
Other non-current assets				222			222
Liabilities Assumed				(8,682)	40		(8,642)
Deferred taxes				(3,233)	(303)		(3,536)
Total				$ 38,535	$ 1,078		$ 39,613

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Note 18 - Industry Segment Information (Details) - Industry segments (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Segment Reporting Information [Line Items]
Income (Loss) From Operations	$ 63,829	$ 64,580	$ 55,256
Capital Expenditures	14,423	8,593	7,019
Interest expense	(2,469)	(2,280)	(2,107)
Other, net	(128)	519	(201)
Income from continuing operations before income taxes	61,232	62,819	52,948
Restructuring charge	(2,666)	(1,685)	(1,843)
Gain on sale of real estate		4,776	3,368
Food Service Equipment Group [Member]
Segment Reporting Information [Line Items]
Income (Loss) From Operations	39,467	39,613	37,915
Capital Expenditures	3,192	2,513	2,806
Restructuring charge	(208)	(926)	(1,598)
Engraving Group [Member]
Segment Reporting Information [Line Items]
Income (Loss) From Operations	15,596	17,896	14,182
Capital Expenditures	5,106	2,223	1,014
Restructuring charge	(2,029)	(733)	(157)
Engineering Technologies Group [Member]
Segment Reporting Information [Line Items]
Income (Loss) From Operations	13,241	14,305	12,606
Capital Expenditures	1,734	2,577	2,177
Restructuring charge	(44)
Electronics Products Group [Member]
Segment Reporting Information [Line Items]
Income (Loss) From Operations	16,147	8,715	7,551
Capital Expenditures	3,243	963	551
Restructuring charge	(385)
Hydraulics Products Group [Member]
Segment Reporting Information [Line Items]
Income (Loss) From Operations	4,968	4,403	2,436
Capital Expenditures	580	304	423
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Income (Loss) From Operations	(22,924)	(23,443)	(20,959)
Capital Expenditures	$ 568	$ 13	$ 48

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Note 10 - Income Taxes (Details) - Components of provision for income taxes (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Components of provision for income taxes [Abstract]
Federal	$ 9,668	$ 5,314	$ 9,750
State	1,465	449	1,060
Non-U.S.	7,179	7,773	4,785
Total Current	18,312	13,536	15,595
Federal	(442)	2,139	(1,231)
State	20	644	(851)
Non-U.S.	(1,980)	(407)	1,409
Total Deferred	(2,402)	2,376	(673)
Total	$ 15,910	$ 15,912	$ 14,922

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Note 13 - Stock-based compensation and purchase plans (Details) - Summary of restricted stock awards activity (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Summary of restricted stock awards activity [Abstract]
Outstanding, June 30	172,490	207,989
Outstanding, June 30 (in Dollars)	$ 9,098,848	$ 8,854,092
Granted	44,388
Exercised / vested	(78,337)
Exercised / vested (in Dollars)	$ 3,525,711
Canceled	(1,550)

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Note 10 - Income Taxes (Details) - Open income tax years	12 Months Ended
	Jun. 30, 2013
United States [Member] | Minimum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2010
United States [Member] | Maximum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2013
Canada [Member] | Minimum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2009
Canada [Member] | Maximum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2013
Ireland [Member] | Minimum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2010
Ireland [Member] | Maximum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2013
Portugal [Member] | Minimum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2010
Portugal [Member] | Maximum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2013
United Kingdom [Member] | Minimum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2012
United Kingdom [Member] | Maximum [Member]
Income Tax Examination [Line Items]
Open Tax Year	2013

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Note 13 - Stock-based compensation and purchase plans (Details) - Assumptions used to estimate fair values (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Assumptions used to estimate fair values [Abstract]
Risk-free interest rates	0.25%	0.25%	0.68%
Expected life of option grants (in years)	3 years	3 years	3 years
Expected volatility of underlying stock	47.40%	63.20%	65.40%
Expected quarterly dividends (per share) (in Dollars per share)	$ 0.07	$ 0.06	$ 0.05

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Note 10 - Income Taxes (Details) - Reconciliation of effective tax rate	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Reconciliation of effective tax rate [Abstract]
Provision at statutory tax rate	35.00%	35.00%	35.00%
State taxes	1.60%	1.20%	0.30%
Impact of Foreign Operations	(6.30%)	(5.60%)	(3.80%)
Federal tax credits	(2.20%)	(2.90%)	(1.70%)
Other	(2.10%)	(2.40%)	(1.60%)
Effective income tax provision	26.00%	25.30%	28.20%

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Note 9 - Derivative Financial Instruments (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	$ 50.0
Derivative, Average Fixed Interest Rate	2.29%
Outstanding forward contracts, unrealized gain loss	$ (1.4)	$ (0.1)

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Note 17 - Employee Benefit Plans

12 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

17. Employee Benefit Plans

Retirement Plans

The Company has defined benefit pension plans covering certain current and former employees both inside and outside of the U.S. The Company’s pension plan for U.S. salaried employees was frozen as of December 31, 2007, and participants in the plan ceased accruing future benefits. The Company’s pension plan for U.S. hourly employees was frozen for substantially all participants as of July 31, 2013, and replaced with a defined contribution benefit plan.  Based on changes to the plan, the Company expects to record a reduction in U.S. non-cash pension plan expense of $2.6 million as compared to 2013, which will be partially offset by increased expenses associated with the implementation of the defined contribution benefit program. 

Net periodic benefit cost for U.S. and non-U.S. plans included the following components (in thousands):

Components of Net Periodic Benefit Cost	Pension Benefits
	U.S. Plans									Foreign Plans
	Year Ended June 30,									Year Ended June 30,
	2013			2012			2011			2013			2012			2011
Service Cost	$	702		$	447		$	444		$	40		$	34		$	41
Interest Cost		10,941			11,975			12,151			1,667			1,758			1,683
Expected return on plan assets		(14,790	)		(15,333	)		(15,777	)		(1,339	)		(1,527	)		(1,495	)
Recognized net actuarial loss		7,577			4,814			4,342			901			527			604
Amortization of prior service cost (benefit)		98			111			139			(57	)		(59	)		(60	)
Amortization of transition obligation (asset)		2			2			2			-			-			-
Curtailment		52			-			-			-			-			-
Net periodic benefit cost (benefit)	$	4,582		$	2,016		$	1,301		$	1,212		$	733		$	773

The following table sets forth the funded status and amounts recognized as of June 30, 2013 and 2012 for our U.S. and foreign defined benefit pension plans (in thousands):

	U.S. Plans						Foreign Plans
	Year Ended June 30,						Year Ended June 30,
	2013			2012			2013			2012
Change in benefit obligation
Benefit obligation at beginning of year	$	245,212		$	213,637		$	37,527		$	33,141
Service cost		702			447			40			34
Interest cost		10,941			11,975			1,667			1,758
Actuarial loss (gain)		(12,366	)		33,766			705			5,596
Benefits paid		(14,776	)		(14,613	)		(1,361	)		(1,306	)
Curtailment		(1,839	)		-			-			-
Foreign currency exchange rate		-			-			(681	)		(1,696	)
Projected benefit obligation at end of year	$	227,874		$	245,212		$	37,897		$	37,527
Change in plan assets
Fair value of plan assets at beginning of year	$	198,718		$	191,179		$	29,138		$	28,241
Actual return on plan assets		12,825			15,966			2,805			1,937
Employer contribution		3,407			6,186			1,171			1,147
Benefits paid		(14,776	)		(14,613	)		(1,361	)		(1,306	)
Foreign currency exchange rate		-			-			(864	)		(881	)
Fair value of plan assets at end of year	$	200,174		$	198,718		$	30,889		$	29,138
Funded Status	$	(27,700	)	$	(46,494	)	$	(7,008	)	$	(8,389	)
Amounts recognized in the consolidated balance sheets consist of:
Prepaid Benefit Cost	$	-		$	-		$	99		$	-
Current liabilities		(149	)		(179	)		(1,120	)		(1,154	)
Non-current liabilities		(27,551	)		(46,315	)		(5,987	)		(7,235	)
Net amount recognized	$	(27,700	)	$	(46,494	)	$	(7,008	)	$	(8,389	)
Unrecognized net actuarial loss		97,103			116,920			9,651			11,511
Unrecognized prior service cost		370			522			(267	)		(315	)
Accumulated other comprehensive income, pre-tax	$	97,473		$	117,442		$	9,384		$	11,196

The accumulated benefit obligation for all defined benefit pension plans was $264.9 million and $279.8 million at June 30, 2013 and 2012, respectively.

The estimated actuarial net loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $4.7 million and less than $0.1 million, respectively.

Plan Assets and Assumptions

The fair values of the Company’s pension plan assets at June 30, 2013 and 2012 by asset category, as classified in the three levels of inputs described in Note 1 under the caption Fair Value of Financial Instruments, are as follows (in thousands):

	June 30, 2013
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	726	$	439	$	287	$	-
Common and preferred stocks		107,130		18,824		88,306		-
U.S. Government securities		13,018		-		13,018		-
Corporate bonds and other fixed income securities		101,990		775		101,215		-
Other		8,196		-		8,196		-
	$	231,060	$	23,608	$	207,452	$	-

	June 30, 2012
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	9,547	$	222	$	9,325	$	-
Common and preferred stocks		89,495		16,585		72,910		-
U.S. Government securities		18,159		-		18,159		-
Corporate bonds and other fixed income securities		90,052		641		89,411		-
Other		20,603		-		20,603		-
	$	227,856	$	17,448	$	210,408	$	-

Asset allocation at June 30, 2013 and 2012 and target asset allocations for 2013 are as follows:

	U.S. Plans						Foreign Plans
	Year Ended June 30,						Year Ended June 30,
	2013			2012			2013			2012
Asset Category
Equity securities		38	%		32	%		35	%		34	%
Debt securities		25	%		31	%		64	%		65	%
Global balanced securities		27	%		24	%		-			-
Other		10	%		13	%		1	%		1	%
Total		100	%		100	%		100	%		100	%

	2013
Asset Category – Target	U.S.			U.K.			Ireland
Equity securities		35	%		33	%		70	%
Debt and market neutral securities		30	%		67	%		20	%
Global balanced securities		25	%		0	%		0	%
Other		10	%		0	%		10	%
Total		100	%		100	%		100	%

Our investment policy for the U.S. pension plans targets a range of exposure to the various asset classes. Standex rebalances the portfolio periodically when the allocation is not within the desired range of exposure. The plan seeks to provide returns in excess of the various benchmarks. The benchmarks include the following indices: S&P 500; Citigroup PMI EPAC; Citigroup World Government Bond and Barclays Aggregate Bond. A third party investment consultant tracks the plan’s portfolio relative to the benchmarks and provides quarterly investment reviews which consist of a performance and risk assessment on all investment managers and on the portfolio.

Certain managers within the plan use, or have authorization to use, derivative financial instruments for hedging purposes, the creation of market exposures and management of country and asset allocation exposure. Currency speculation derivatives are strictly prohibited.

Year Ended June 30	2013			2012			2011
Plan assumptions - obligation
Discount rate	3.50 -	-	5.10%	4.00 -	-	4.60%	5.60 -	-	6.00%
Rate of compensation increase	3.50 -	-	3.90%	3.40 -	-	3.50%	3.50 -	-	4.00%
Plan assumptions - cost
Discount rate	4.00 -	-	4.60%	5.50 -	-	6.00%	4.40 -	-	5.90%
Expected return on assets	4.80 -	-	7.80%	5.40 -	-	8.10%	5.70 -	-	8.10%
Rate of compensation increase	3.40 -	-	3.50%	3.50 -	-	4.00%	3.50 -	-	3.80%

Included in the above are the following assumptions relating to the obligations for defined benefit pension plans in the United States at June 30, 2013; a discount rate of 5.1% and a rate of compensation increase of 3.5%. At June 30, 2012, the assumptions were a discount rate of 4.6% and rate of compensation increase of 3.5%. The U.S. defined benefit pension plans represent the majority of our pension obligations. The expected return on plan assets assumption is based on our expectation of the long-term average rate of return on assets in the pension funds and is reflective of the current and projected asset mix of the funds. The discount rate reflects the current rate at which pension liabilities could be effectively settled at the end of the year. The discount rate is determined by matching our expected benefit payments from a stream of AA- or higher bonds available in the marketplace, adjusted to eliminate the effects of call provisions.

Expected benefit payments for the next five years are as follows: 2014, $16.2 million; 2015, $16.0 million; 2016, $16.1 million; 2017, $16.4 million; 2018, $16.6 million and thereafter, $85.0 million. The Company expects to make $1.5 million of contributions to its pension plans in 2014.

The Company operates a defined benefit plan in Germany which is unfunded.

Multi-Employer Pension Plans

We contribute to a number of multiemployer defined benefit plans under the terms of collective bargaining agreements that cover our union-represented employees. These plans generally provide for retirement, death and/or termination benefits for eligible employees within the applicable collective bargaining units, based on specific eligibility/participation requirements, vesting periods and benefit formulas. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects:

● Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.

● If a participating employer stops contributing to the multiemployer plan, the unfunded obligations of the plan may be borne by the remaining participating employers.

● If we choose to stop participating in some of our multiemployer plans, we may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. However, cessation of participation in a multiemployer plan and subsequent payment of any withdrawal liability is subject to the collective bargaining process.

The following table outlines the Company’s participation in multiemployer pension plans for the periods ended June 30, 2013, 2012, and 2011, and sets forth the yearly contributions into each plan. The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three-digit plan number. The most recent Pension Protection Act zone status available in 2013 and 2012 relates to the plans’ two most recent fiscal year-ends. The zone status is based on information that we received from the plans’ administrators and is certified by each plan’s actuary. Among other factors, plans certified in the red zone are generally less than 65% funded, plans certified in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans certified in the yellow zone are less than 80% funded, and plans certified in the green zone are at least 80% funded. The “FIP/RP Status Pending/Implemented” column indicates whether a financial improvement plan (“FIP”) for yellow/orange zone plans, or a rehabilitation plan (“RP”) for red zone plans, is either pending or has been implemented. For all plans, the Company’s contributions do not exceed 5% of the total contributions to the plan in the most recent year.

			Pension Protection Act Zone Status			Contributions
Pension Fund	EIN/Plan Number		2013	2012	FIP/RP Status	2013		2012		2011		Surcharge Imposed?	Expiration Date of Collective Bargaining Agreement
New England Teamsters and Trucking Industry Pension Fund		04-6372430-001	Red	Red	Yes/ Implemented	$	427	$	367	$	391	No	4/15/2015
Laborers' Local 57 Industrial Pension Fund of Philadelphia, PA		23-1627410-003	Green	Green	No		-		39		89	No		-
Sheet Metal Workers' National Pension Fund		52-6112463-001	Red	Red	Yes/ Implemented		-		36		38	No		-
IAM National Pension Fund, National Pension Plan		51-6031295-002	Green	Green	No		623		584		599	No	10/14/2013 -5/31/2015
						$	1,050	$	1,026	$	1,117

Retirement Savings Plans

The Company has two primary employee savings plans, one for salaried employees and one for hourly employees. Substantially all of our full-time domestic employees are covered by these savings plans. Under the provisions of the plans, employees may contribute a portion of their compensation within certain limitations. The Company, at the discretion of the Board of Directors, may make contributions on behalf of our employees under the plans. Company contributions were $4.1 million, $4.1 million, and $4.0 million for the years ended June 30, 2013, 2012, and 2011, respectively. At June 30, 2013, the salaried plan holds approximately 138,000 shares of Company common stock, representing approximately 9% of the holdings of the plan.

Other Plans

Certain retired executives are covered by an Executive Life Insurance Program. During 2003, two executives retired and the Board of Directors approved benefits under this plan of approximately $5.6 million. The aggregate present value of current vested and outstanding benefits to all participants was approximately $0.0 million, and $0.2 million at June 30, 2013 and 2012, respectively. As the term of this benefit program is 10 years, all benefits have been paid under this program as of June 30, 2013.

Key Employee Share Option Plan (KEYSOP)

In fiscal 2002, we created a Key Employee Share Option Plan (the “KEYSOP”). The purpose of the KEYSOP is to provide alternate forms of compensation to certain key employees of the Company commensurate with their contributions to the success of our activities. Under the KEYSOP, certain employees are granted options by the Compensation Committee and designated property is purchased by the Company and placed in a Rabbi trust. The option price set at the date of the grant is 25% of the fair value of the underlying assets. During fiscal 2003, the Company granted options with a 10 year vesting period to two key employees prior to their retirement. Assets associated with the plan were $0.0 million and $1.8 million at June 30, 2013 and 2012, respectively. As of June 30, 2013 and 2012, the Company has recorded a liability in other long term liabilities of approximately $0.0 million and $1.5 million respectively associated with the grants made.

Postretirement Benefits Other Than Pensions

The Company sponsors an unfunded postretirement medical plan covering certain full-time employees who retire and have attained the requisite age and years of service.  Retired employees are required to contribute toward the cost of coverage according to various established rules.

Effective January 1, 2013, the Company terminated its life insurance benefit provided to certain current and future retirees, resulting in a curtailment and settlement of the plan’s obligations.  The Company recorded a $2.3 million benefit of the settlement and curtailment as a component of selling general and administrative expenses during the third quarter of 2013. 

The following table sets forth the funded status of the postretirement benefit plans and accrued postretirement benefit cost reflected in the consolidated balance sheet at year end (in thousands):

	Year Ended June 30,
	2013			2012
Change in benefit obligation
Benefit obligation at beginning of year	$	2,002		$	1,808
Service cost		13			19
Interest cost		49			101
Plan participants' contributions		34			36
Actuarial loss (gain)		4			188
Curtailment		(78	)		-
Settlement		(1,712	)		-
Benefits paid		(120	)		(150	)
Accumulated benefit obligation at end of year	$	192		$	2,002
Change in plan assets
Fair value of plan assets at beginning of year	$	-		$	-
Employer contribution		86			114
Plan participants' contribution		34			36
Benefits paid		(120	)		(150	)
Foreign currency exchange rate		-			-
Fair value of plan assets at end of year	$	-		$	-
Funded Status	$	(192	)	$	(2,002	)
Amounts recognized in the consolidated balance sheets
consist of:
Current liabilities	$	(36	)	$	(135	)
Non-current liabilities		(156	)		(1,867	)
Net amount recognized	$	(192	)	$	(2,002	)
Accumulated other comprehensive income, pre-tax
Unrecognized net actuarial loss		(65	)		(710	)
Unrecognized transition obligation		-			240
Net amount recognized	$	(65	)	$	(470	)

Components of Net Periodic Benefit Cost (in thousands)

	Year Ended June 30,
	2013			2012			2011
Service Cost		13		$	19		$	12
Interest Cost		49			101			106
Recognized net actuarial gain		(24	)		(55	)		(57	)
Curtailment		51			-			-
Plan Settlement		(2,329	)		-			-
Amortization of transition obligation		112			223			223
Net periodic benefit cost	$	(2,128	)	$	288		$	284

The estimated net actual loss (gain) and transition obligation for the postretirement benefits that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $(0.0) million and $0.2 million, respectively.

The assumed weighted average discount rate was 5.1% and 4.60% as of June 30, 2013 and 2012, respectively. A 1% increase in the assumed health care cost trend rate does not impact either the accumulated benefit obligation or the net postretirement cost, as the employer contribution for each participant is a fixed amount.

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Note 1 - Summary of Accounting Policies (Details) - Changes in allowances for uncollectible accounts (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Changes in allowances for uncollectible accounts [Abstract]
Balance at beginning of year	$ 1,986	$ 2,201	$ 1,882
Provision charged to expense	453	366	697
Write-offs, net of recoveries	(107)	(581)	(378)
Balance at end of year	$ 2,332	$ 1,986	$ 2,201

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Note 13 - Stock-based compensation and purchase plans (Tables)

12 Months Ended

Jun. 30, 2013

Note 13 - Stock-based compensation and purchase plans (Tables) [Line Items]

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

	Restricted Stock Awards
	Number of Shares			Aggregate Intrinsic Value
Outstanding, June 30, 2012		207,989		$	8,854,092
Granted		44,388
Exercised / vested		(78,337	)		3,525,711
Canceled		(1,550	)
Outstanding, June 30, 2013		172,490		$	9,098,848

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Annual Component							Performance Stock Units
	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Number of Shares			Aggregate Intrinsic Value
Non-vested, June 30, 2012		94,916		$	17.89	$	2,342,302		86,220		$	3,670,385
Granted		33,654			31.93				15,337
Vested		(22,603	)		11.66		777,470		(58,389	)		3,080,038
Expired		0			-				(2,164	)
Non-vested, June 30, 2013		105,967		$	23.68	$	1,683,260		41,004		$	2,162,926

Executive Compensation Program [Member]

Note 13 - Stock-based compensation and purchase plans (Tables) [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	2013			2012			2011
Risk-free interest rates		0.25	%		0.25	%		0.68	%
Expected life of option grants (in years)		3			3			3
Expected volatility of underlying stock		47.4	%		63.2	%		65.4	%
Expected quarterly dividends (per share)	$	0.07		$	0.06		$	0.05

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Note 10 - Income Taxes (Details) - Income (loss) from continuing operations before income taxes (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Income (loss) from continuing operations before income taxes [Abstract]
U.S. Operations	$ 37,739	$ 27,590	$ 28,587
Non-U.S. Operations	23,493	35,229	24,361
Total	$ 61,232	$ 62,819	$ 52,948

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Note 17 - Employee Benefit Plans (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended			12 Months Ended		12 Months Ended				12 Months Ended					3 Months Ended	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2013 Salaried [Member] Retrirement Savings Plans [Member]	Jun. 30, 2013 Hourly [Member] Retrirement Savings Plans [Member]	Jun. 30, 2013 Executive Program [Member]	Jun. 30, 2012 Executive Program [Member]	Jun. 30, 2013 United States Pension Plans [Member]	Jun. 30, 2012 United States Pension Plans [Member]	Jun. 30, 2013 Retrirement Savings Plans [Member]	Jun. 30, 2012 Retrirement Savings Plans [Member]	Jun. 30, 2011 Retrirement Savings Plans [Member]	Jun. 30, 2013 Key Employee Share Option Plan [Member]	Jun. 30, 2012 Key Employee Share Option Plan [Member]	Mar. 31, 2013 Postretirement Benefit Other Than Pensions [Member]	Jun. 30, 2013 Postretirement Benefit Other Than Pensions [Member]	Jun. 30, 2012 Postretirement Benefit Other Than Pensions [Member]
Note 17 - Employee Benefit Plans (Details) [Line Items]
Increase (Decrease) in non-cash pension plan expense	$ (2.6)
Defined Benefit Plan, Accumulated Benefit Obligation	264.9		279.8
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year	4.7
Defined Benefit Plan, Future Amortization of Prior Service Cost (Credit)	0.1
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate								5.10%	4.60%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase								3.50%	3.50%
Defined Benefit Plan, Expected Future Benefit Payments, Year Five								16.2
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months								16.0
Defined Benefit Plan, Expected Future Benefit Payments, Year Two								16.1
Defined Benefit Plan, Expected Future Benefit Payments, Year Three								16.4
Defined Benefit Plan, Expected Future Benefit Payments, Year Four								16.6
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter								85.0
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	1.5
Defined Contribution Plans Number Of Plans				1	1					2
Defined Contribution Plan, Cost Recognized										4.1	4.1	4.0
Company Stock Held In Plan (in Shares)				138,000
Company Stock Percentage Of Plan Assets				9.00%
Approved Benefits under Executive Life Insurance Program						5.6
Aggregate Value Of Vested And Outstanding Benefits						0	0.2
Executive Life Insurance Program Term						10 years
Percentage Of Fair Value Of Assets													25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years											10 years
Share Option Plan Assets													0	1.8
Share Option Plan Noncurrent Liabilities													0	1.5
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments															2.3
Defined Benefit Plan, Future Amortization of Gain (Loss)																0
Defined Benefit Plan, Future Amortization of Transition Obligation (Asset)																$ 0.2
Weighted Average Discount Rate, Percent																5.10%	4.60%

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Note 7 - Debt (Tables)

12 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

	2013		2012
Bank credit agreements	$	50,072	$	50,000
Other		-		-
Total		50,072		50,000
Less current portion		-		-
Total long-term debt	$	50,072	$	50,000

Schedule of Maturities of Long-term Debt [Table Text Block]

2014		-
2015		-
2016		-
2017	$	50,072
2018
Thereafter		-

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Note 1 - Summary of Accounting Policies (Details) - Useful lives of intangible assets	12 Months Ended
	Jun. 30, 2013
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives for identifiable intangible assets	12 years
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives for identifiable intangible assets	10 years
Minimum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives for identifiable intangible assets	5 years
Minimum [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives for identifiable intangible assets	5 years
Maximum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives for identifiable intangible assets	16 years
Maximum [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives for identifiable intangible assets	10 years

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Note 7 - Debt (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended	12 Months Ended
	Jan. 04, 2012	Jun. 30, 2013	Jun. 30, 2013 Sub-Facility [Member]	Jun. 30, 2011 Industrial Revenue Bonds [Member]	Jun. 30, 2013 Standby Letters of Credit [Member]	Jun. 30, 2012 Standby Letters of Credit [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Term	5 years	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 150	$ 225	$ 30
Line Of Credit Accordion Feature		100
Line of Credit Facility, Expiration Date	Sep. 30, 2012	Jan. 31, 2017
Leverage Ratio Requirement		3.5
Interest Coverage Ratio Requirement		3
Line of Credit Facility, Remaining Borrowing Capacity		164.2
Extraordinary And Certain Other Defined Items Excluded From Adjusted EBIT		2.0
Interest Coverage Ratio Actual		27.48
Leverage Ratio Actual		0.73
Short-term Debt				3.3
Line of Credit Facility, Amount Outstanding					$ 10.7	$ 9.5

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Note 19 - Gain on Sale of Real Estate (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Gain On Sale Of Real Estate [Abstract]
Proceeds from Sale of Real Estate	$ 5.1	$ 4.9
Pre-tax gain from sale of real estate	$ 4.8	$ 3.4

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Note 4 - Property, plant and equipment (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Property, Plant and Equipment [Abstract]
Depreciation	$ 12.9	$ 10.8	$ 10.9

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Note 18 - Industry Segment Information (Tables)

12 Months Ended

Jun. 30, 2013

Note 18 - Industry Segment Information (Tables) [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Net Sales						Depreciation and Amortization
	2013		2012		2011		2013		2012		2011
Food Service Equipment	$	394,878	$	388,813	$	365,523	$	5,242	$	5,342	$	5,832
Engraving		93,380		93,611		85,258		3,226		3,293		3,525
Engineering Technologies		74,838		74,088		61,063		3,288		3,188		1,951
Electronics Products Group		108,085		48,206		46,600		2,986		878		1,105
Hydraulics Products Group		30,079		29,922		22,925		566		518		530
Corporate and Other		-		-		-		239		271		331
Total	$	701,260	$	634,640	$	581,369	$	15,547	$	13,490	$	13,274

	Goodwill				Identifiable Assets
	2013		2012		2013		2012
Food Service Equipment	$	45,790	$	45,793	$	192,895	$	192,799
Engraving		20,614		20,618		88,064		94,738
Engineering Technologies		10,861		11,206		68,597		71,463
Electronics Products Group		31,582		19,957		94,369		43,285
Hydraulics Products Group		3,058		3,059		15,250		14,432
Corporate & Other		-		-		51,398		63,094
Total	$	111,905	$	100,633	$	510,573	$	479,811

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

Net sales	2013		2012		2011
United States	$	515,918	$	490,302	$	468,688
Asia		47,451		25,122		31,067
Europe		110,730		89,475		54,314
Other		27,161		29,741		27,300
Total	$	701,260	$	634,640	$	581,369

Long-lived assets	2013		2012		2011
United States	$	61,367	$	62,984	$	68,114
Asia		3,859		2,325		2,182
Europe		21,946		11,684		12,138
Other		7,848		5,570		6,316
Total	$	95,020	$	82,563	$	88,750

Income (Loss) From Opreations and Capital Expenditures [Member]

Note 18 - Industry Segment Information (Tables) [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Income (Loss) From Operations									Capital Expenditures
	2013			2012			2011			2013		2012		2011
Food Service Equipment	$	39,467		$	39,613		$	37,915		$	3,192	$	2,513	$	2,806
Engraving		15,596			17,896			14,182			5,106		2,223		1,014
Engineering Technologies		13,241			14,305			12,606			1,734		2,577		2,177
Electronics Products Group		16,147			8,715			7,551			3,243		963		551
Hydraulics Products Group		4,968			4,403			2,436			580		304		423
Restructuring charge		(2,666	)		(1,685	)		(1,843	)		-		-		-
Gain on sale of real estate		-			4,776			3,368			-		-		-
Corporate		(22,924	)		(23,443	)		(20,959	)		568		13		48
Total	$	63,829		$	64,580		$	55,256		$	14,423	$	8,593	$	7,019
Interest expense		(2,469	)		(2,280	)		(2,107	)
Other, net		(128	)		519			(201	)
Income from continuing operations before income taxes	$	61,232		$	62,819		$	52,948

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Note 1 - Summary of Accounting Policies

12 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

1. Summary of Accounting Policies

Basis of Presentation and Consolidation

Standex International Corporation (“Standex” or the “Company”) is a diversified manufacturing company with operations in the United States, Europe, Asia, Africa, and Latin America. The accompanying consolidated financial statements include the accounts of Standex International Corporation and its subsidiaries and are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany accounts and transactions have been eliminated in consolidation.

During the year ended June 30, 2012, the Company completed the divestiture of its ADP business. As a result, all periods have been restated to reflect the operations of ADP as discontinued operations. For further information, please see Note 15 – Discontinued Operations.

The Company considers events or transactions that occur after the balance sheet date, but before the financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. We evaluated subsequent events through the date and time our consolidated financial statements were issued.

Accounting Estimates

The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements and for the period then ended. Estimates are based on historical experience, actuarial estimates, current conditions and various other assumptions that are believed to be reasonable under the circumstances. These estimates form the basis for making judgments about the carrying values of assets and liabilities when they are not readily apparent from other sources. These estimates assist in the identification and assessment of the accounting treatment necessary with respect to commitments and contingencies. Actual results may differ from these estimates under different assumptions or conditions.

Cash and Cash Equivalents

Cash and cash equivalents include highly liquid investments purchased with a maturity of three months or less. These investments are carried at cost, which approximates fair value. At June 30, 2013 and 2012, the Company’s cash was comprised solely of cash on deposit.

Trading Securities

The Company purchases investments in connection with the KEYSOP Plan for certain retired executives and for its non-qualified defined contribution plan for employees who exceed certain thresholds under our traditional 401(k) plan. These investments are classified as trading and reported at fair value. The investments generally consist of mutual funds, are included in other non-current assets and amounted to $2.5 million and $3.5 million at June 30, 2013 and 2012, respectively. Gains and losses on these investments are recorded as other non-operating income (expense), net in the Consolidated Statements of Operations.

Accounts Receivable Allowances

The Company has provided an allowance for doubtful accounts reserve which represents the best estimate of probable loss inherent in the Company’s account receivables portfolio. This estimate is derived from the Company’s knowledge of its end markets, customer base, products, and historical experience.

The changes in the allowances for uncollectible accounts during 2013, 2012, and 2011 were as follows (in thousands):

	2013			2012			2011
Balance at beginning of year	$	1,986		$	2,201		$	1,882
Provision charged to expense		453			366			697
Write-offs, net of recoveries		(107	)		(581	)		(378	)
Balance at end of year	$	2,332		$	1,986		$	2,201

Inventories

Inventories are stated at the lower of (first-in, first-out) cost or market.

Long-Lived Assets

Long-lived assets that are used in operations, excluding goodwill and identifiable intangible assets, are tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Recognition and measurement of a potential impairment loss is performed on assets grouped with other assets and liabilities at the lowest level where identifiable cash flows are largely independent of the cash flows of other assets and liabilities. An impairment loss is the amount by which the carrying amount of a long-lived asset (asset group) exceeds its estimated fair value. Fair value is determined based on discounted cash flows or appraised values, depending upon the nature of the assets.

Property, Plant and Equipment

Property, plant and equipment are reported at cost less accumulated depreciation. Depreciation is recorded on assets over their estimated useful lives, generally using the straight-line method. Lives for property, plant and equipment are as follows:

Buildings (years)	40	to	50
Leasehold improvements		Lesser of term or useful life
Machinery and equipment (years)	8	to	15
Furniture and Fixtures (years)	3	to	10
Computer hardware and software (years)	3	to	7

Routine maintenance costs are expensed as incurred. Major improvements are capitalized. Major improvements to leased buildings are capitalized as leasehold improvements and depreciated over the lesser of the lease term or the life of the improvement.

Goodwill and Identifiable Intangible Assets

All business combinations are accounted for using the acquisition method, and goodwill and identifiable intangible assets, with indefinite lives, are not amortized, but are reviewed annually for impairment or more frequently if impairment indicators arise. Identifiable intangible assets that are not deemed to have indefinite lives are amortized on an accelerated basis over the following useful lives:

Customer relationships (years)	5	to	16
Patents (years)		12
Non-compete agreements (years)	5	to	10
Other (years)		10
Trade names		Indefinite life

See discussion of the Company’s assessment of impairment in Note 5 – Goodwill, and Note 6 – Intangible Assets.

Fair Value of Financial Instruments

The financial instruments, shown below, are presented at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models may be applied.

Assets and liabilities recorded at fair value in the consolidated balance sheet are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Hierarchical levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities and the methodologies used in valuation are as follows:

Level 1 – Quoted prices in active markets for identical assets and liabilities. The Company’s KEYSOP and deferred compensation plan assets consist of shares in various mutual funds (for the deferred compensation plan, investments are participant-directed) which invest in a broad portfolio of debt and equity securities. These assets are valued based on publicly quoted market prices for the funds’ shares as of the balance sheet dates. For pension assets (see Note 17 – Employee Benefit Plans), securities are valued based on quoted market prices for securities held directly by the trust.

Level 2 – Inputs, other than quoted prices in an active market, that are observable either directly or indirectly through correlation with market data. For foreign exchange forward contracts and interest rate swaps, the Company values the instruments based on the market price of instruments with similar terms, which are based on spot and forward rates as of the balance sheet dates. For pension assets held in commingled funds (see Note 17 – Employee Benefit Plans) the Company values investments based on the net asset value of the funds, which are derived from the quoted market prices of the underlying fund holdings. The Company has considered the creditworthiness of counterparties in valuing all assets and liabilities.

Level 3– Unobservable inputs based upon the Company’s best estimate of what market participants would use in pricing the asset or liability.

We did not have any transfers of assets and liabilities between Level 1 and Level 2 of the fair value measurement hierarchy at June 30, 2013 and 2012.

Cash and cash equivalents, accounts receivable, and accounts payable are carried at cost, which approximates fair value.

The fair values of our financial instruments at June 30, 2013 and 2012 were (in thousands):

	2013
	Total		Level 1		Level 2		Level 3
Financial Assets
Marketable securities - deferred compensation plan	$	2,478	$	2,478	$	-	$	-
Foreign Exchange contracts		37				37		-
Financial Liabilities
Foreign Exchange contracts	$	1,443	$	-	$	1,443	$	-
Interest rate swaps		1,875		-		1,875		-

	2012
	Total		Level 1		Level 2		Level 3
Financial Assets
Marketable securities - KEYSOP assets	$	1,847	$	1,847	$	-	$	-
Marketable securities - deferred compensation plan		1,697		1,697		-		-
Foreign Exchange contracts		96		-		96		-
Financial Liabilities
Foreign Exchange contracts	$	231	$	-	$	231	$	-
Interest rate swaps		2,734		-		2,734		-

Concentration of Credit Risk

The Company is subject to credit risk through trade receivables and short-term cash investments. Concentration of risk with respect to trade receivables is minimized because of the diversification of our operations, as well as our large customer base and our geographical dispersion. No individual customer accounts for more than 5% of revenues or accounts receivable in the periods presented.

Short-term cash investments are placed with high credit-quality financial institutions. The Company monitors the amount of credit exposure in any one institution or type of investment instrument.

Revenue Recognition

The Company’s product sales are recorded when persuasive evidence of an arrangement exists, delivery has occurred, the price to the buyer is fixed or determinable, and collectability is reasonably assured. For products that include installation, and if the installation meets the criteria to be considered a separate element, product revenue is recognized upon delivery, and installation revenue is recognized when the installation is complete. Revenues under certain fixed price contracts are generally recorded when deliveries are made.

Sales and estimated profits under certain long-term contracts are recognized under the percentage-of-completion methods of accounting, whereby profits are recorded pro rata, based upon current estimates of costs to complete such contracts. Losses on contracts are provided for in the period in which the losses become determinable. Revisions in profit estimates are reflected on a cumulative basis in the period in which the basis for such revision becomes known. Any excess of the billings over cost and estimated earnings on long-term contracts is included in deferred revenue.

Cost of Goods Sold and Selling, General and Administrative Expenses

The Company includes expenses in either cost of goods sold or selling, general and administrative categories based upon the natural classification of the expenses. Cost of goods sold includes expenses associated with the acquisition, inspection, manufacturing and receiving of materials for use in the manufacturing process. These costs include inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs as well as depreciation, amortization, wages, benefits and other costs that are incurred directly or indirectly to support the manufacturing process. Selling, general and administrative includes expenses associated with the distribution of our products, sales effort, administration costs and other costs that are not incurred to support the manufacturing process. The Company records distribution costs associated with the sale of inventory as a component of selling, general and administrative expenses in the Consolidated Statements of Operations. These expenses include warehousing costs, outbound freight charges and costs associated with distribution personnel. Our gross profit margins may not be comparable to those of other entities due to different classifications of costs and expenses.

Research and Development

Research and development expenditures are expensed as incurred. Total research and development costs, which are classified under selling, general, and administrative expenses, were $4.4 million, $4.4 million, and $4.0 million for the years ended June 30, 2013, 2012, and 2011, respectively.

Warranties

The expected cost associated with warranty obligations on our products is recorded when the revenue is recognized. The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Since warranty estimates are forecasts based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.

The changes in warranty reserve, which are recorded as accrued liabilities, during 2013, 2012, and 2011 were as follows (in thousands):

	2013			2012			2011
Balance at beginning of year	$	6,083		$	5,131		$	4,761
Warranty expense		5,090			4,459			2,685
Warranty claims		(4,062	)		(3,507	)		(2,315	)
Balance at end of year	$	7,111		$	6,083		$	5,131

Stock-Based Compensation Plans

Restricted stock awards generally vest over a three-year period. Compensation expense associated with these awards is recorded based on their grant-date fair values and is generally recognized on a straight-line basis over the vesting period except for awards with performance conditions, which are recognized on a graded vesting schedule. Compensation cost for an award with a performance condition is based on the probable outcome of that performance condition. The stated vesting period is considered substantive for retirement eligible participants. Accordingly, the Company recognizes any remaining unrecognized compensation expense upon participant retirement.

Foreign Currency Translation

The functional currency of our non-U.S. operations is generally the local currency. Assets and liabilities of non-U.S. operations are translated into U.S. Dollars on a monthly basis using period-end exchange rates. Revenues and expenses of these operations are translated using average exchange rates. The resulting translation adjustment is reported as a component of comprehensive income (loss) in the consolidated statements of stockholders’ equity and comprehensive income. Gains and losses from foreign currency transactions are included in results of operations and were not material for any period presented.

Derivative Instruments and Hedging Activities

The Company recognizes all derivatives on its balance sheet at fair value.

Forward foreign currency exchange contracts are periodically used to limit the impact of currency fluctuations on certain anticipated foreign cash flows, such as foreign purchases of materials and loan payments from subsidiaries. The Company enters into such contracts for hedging purposes only. For hedges of intercompany loan payments, the Company records derivative gains and losses directly to the statement of operations due to the general short-term nature and predictability of the transactions.

The Company also uses interest rate swaps to manage exposure to interest rates on the Company’s variable rate indebtedness. The Company values the swaps based on contract prices in the derivatives market for similar instruments. The Company has designated the swaps as cash flow hedges, and changes in the fair value of the swaps are recognized in other comprehensive income (loss) until the hedged items are recognized in earnings. Hedge ineffectiveness, if any, associated with the swaps will be reported by the Company in interest expense.

The Company does not hold or issue derivative instruments for trading purposes.

Income Taxes

Deferred assets and liabilities are recorded for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax assets and liabilities are determined based on the differences between the financial statements and the tax bases of assets and liabilities using enacted tax rates. Valuation allowances are provided when the Company does not believe it more likely than not the benefit of identified tax assets will be realized.

The Company provides reserves for potential payments of tax to various tax authorities related to uncertain tax positions and other issues. The Company accounts for uncertain tax positions based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is more likely than not to be realized following resolution of any potential contingencies present related to the tax benefit, assuming that the matter in question will be raised by the tax authorities. Interest and penalties associated with such uncertain tax positions are recorded as a component of income tax expense.

Earnings Per Share

(share amounts in thousands)	2013		2012		2011
Basic – Average Shares Outstanding		12,561		12,517		12,475
Effect of Dilutive Securities – Stock Options and Restricted Stock Awards		219		270		277
Diluted – Average Shares Outstanding		12,780		12,787		12,752

Both basic and dilutive income is the same for computing earnings per share. There were no outstanding instruments that had an anti-dilutive effect at June 30, 2013, 2012 and 2011.

Recently Issued Accounting Pronouncements

In January 2013, the FASB issued ASU 2013-01, "Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities", which clarifies the scope of the offsetting disclosures of ASU 2011-11. This amendment requires disclosing and reconciling gross and net amounts for financial instruments that are offset in the balance sheet, and amounts for financial instruments that are subject to master netting arrangements and other similar clearing and repurchase arrangements. We adopted ASU 2013-01 effective January 1, 2013, which did not have a material impact on our disclosures

In February 2013, the FASB issued guidance on disclosure requirements for items reclassified out of accumulated other comprehensive income (“AOCI”). This new guidance requires entities to present (either on the face of the income statement or in the notes) the effects on the line items of the income statement for amounts reclassified out of AOCI. The new guidance will be effective for us beginning July 1, 2013. Other than requiring additional disclosures, we do not anticipate material impacts on our financial statements upon adoption.

In March 2013, the FASB issued guidance on a parent’s accounting for the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance will be effective for us beginning July 1, 2014. We do not anticipate material impacts on our financial statements upon adoption.

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Note 4 - Property, plant and equipment (Details) - Property, plant and equipment (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Note 4 - Property, plant and equipment (Details) - Property, plant and equipment [Line Items]
Property, plant and equipment	$ 234,229	$ 212,428
Less accumulated depreciation	139,209	129,865
Property, plant and equipment - net	95,020	82,563
Land, Buildings And Leasehold Improvements [Member]
Note 4 - Property, plant and equipment (Details) - Property, plant and equipment [Line Items]
Property, plant and equipment	77,690	69,933
Machinery, Equipment And Other [Member]
Note 4 - Property, plant and equipment (Details) - Property, plant and equipment [Line Items]
Property, plant and equipment	$ 156,539	$ 142,495

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Note 14 - Other Comprehensive Income and Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jun. 30, 2013

Disclosure Text Block [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	2013			2012
Foreign currency translation adjustment	$	3,745		$	7,770
Unrealized pension losses, net of tax		(67,857	)		(81,197	)
Unrealized losses on derivative instruments, net of tax		(1,168	)		(1,698	)
Total	$	(65,280	)	$	(75,125	)

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Note 21 - Subsequent Event

12 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

21. SUBSEQUENT EVENT

On August 23, 2013 the Company announced a consolidation of its Cheyenne, Wyoming plant into its Mexico facility and other Cooking Solutions operations in North America. We expect to record a pre-tax restructuring charge in fiscal 2014 in the range of $7.5 to $8.0 million related to the Food Service Equipment segment.  Approximately $3.0 million of the charge is expected to be a non-cash impairment related to long-lived assets. The remainders of the expenses are for involuntary employee severance, benefit costs, and other. We expect the consolidation to be substantially complete by the end of fiscal 2014.

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Note 20 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Jun. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

20. Quarterly Results of Operations (Unaudited)

The unaudited quarterly results of operations for the years ended June 30, 2013 and 2012 are as follows (in thousands, except for per share data):

	2013
	First		Second		Third		Fourth
Net sales	$	183,386	$	168,629	$	165,970	$	183,275
Gross profit		59,245		56,290		52,551		58,010
Net income (loss)		11,830		10,961		9,561		12,496
EARNINGS PER SHARE 1
Basic	$	0.95	$	0.88	$	0.77	$	0.99
Diluted	$	0.93	$	0.86	$	0.76	$	0.98

	2012
	First		Second			Third		Fourth
Net sales	$	159,306	$	154,868		$	150,666	$	169,800
Gross profit		52,746		50,270			48,167		57,301
Net income (loss)		11,958		(4,116	)		9,120		13,943
EARNINGS PER SHARE 1
Basic	$	0.96	$	(0.33	)	$	0.73	$	1.10
Diluted	$	0.94	$	(0.32	)	$	0.71	$	1.08

1 Basic and diluted earnings per share are computed independently for each reporting period. Accordingly, the sum of the quarterly earnings per share amounts may not agree to the year-to-date amounts.

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Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	$ 231,060	$ 227,856
Cash and Cash Equivalents [Member] | Level 1 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	439	222
Cash and Cash Equivalents [Member] | Level 2 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	287	9,325
Cash and Cash Equivalents [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	726	9,547
Common And Preferred Stocks [Member] | Level 1 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	18,824	16,585
Common And Preferred Stocks [Member] | Level 2 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	88,306	72,910
Common And Preferred Stocks [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	107,130	89,495
U.S. Government Securities [Member] | Level 2 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	13,018	18,159
U.S. Government Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	13,018	18,159
Corporate Bond And Other Fixed Income Securities [Member] | Level 1 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	775	641
Corporate Bond And Other Fixed Income Securities [Member] | Level 2 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	101,215	89,411
Corporate Bond And Other Fixed Income Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	101,990	90,052
Other Plan Asset [Member] | Level 2 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	8,196	20,603
Other Plan Asset [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	8,196	20,603
Level 1 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	23,608	17,448
Level 2 [Member]
Note 17 - Employee Benefit Plans (Details) - Fair values of pension plan assets [Line Items]
Fair value on plan assets	$ 207,452	$ 210,408

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Note 2 - Acquisitions (Details) (USD $)	12 Months Ended			1 Months Ended	12 Months Ended	1 Months Ended	12 Months Ended
	Jun. 30, 2011	Jun. 30, 2013	Jun. 30, 2012	Jul. 31, 2012 Meder Electronic [Member]	Jun. 30, 2013 Meder Electronic [Member]	Mar. 31, 2011 Metal Spinners Group [Member]	Jun. 30, 2011 Metal Spinners Group [Member]	Jun. 30, 2011 Engraving Group [Member]	Jun. 30, 2011 Food Service Equipment Group [Member]
Note 2 - Acquisitions (Details) [Line Items]
Payments to Acquire Businesses, Gross				$ 43,200,000	$ 43,181,000	$ 23,900,000	$ 23,887,000
Ownership Interest Acquired				100.00%		100.00%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,600,000			8,200,000	8,200,000	5,700,000	5,727,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets				3,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	1,000,000			4,800,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years 138 days			10 years		8 years 240 days
Goodwill	102,439,000	111,905,000	100,633,000	12,100,000	12,063,000		11,288,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual							6,400,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual							200,000
Business Combination, Acquisition Related Costs							700,000
Number of Businesses Acquired	3							2	1
Business Combination, Consideration Transferred	$ 4,700,000

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Note 15 - Discontinued Operations (Tables)

12 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Earnings Losses From Discontinued Operations Table Text Block

	Year Disposed	2013			2012			2011
Sales:
Air Distribution Products Group	2012	$	-		$	43,537		$	52,384
Income (loss) before taxes:
Air Distribution Products Group	2012		(451	)		(24,871	)		(2,841	)
Berean Christian Bookstores	2007		(12	)		(184	)		(635	)
Other loss from discontinued operations			(195	)		(269	)		(490	)
Income (loss) before taxes from discontinued operations			(658	)		(25,324	)		(3,966	)
(Provision) benefit for tax			184			9,322			1,307
Net income (loss) from discontinued operations		$	(474	)	$	(16,002	)	$	(2,659	)

Schedule Of Disposal Groups Including Discontinued Operations Balance Sheet Table Text Block

	2013
Current assets	$	483
Other non-current assets		3,000
Accrued expenses		795
Other non-current liabilities		3,219

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Accounting Policies, by Policy (Policies)

12 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Nature Of Operations Basis Of Presentation And Consolidation Text Block [Policy Text Block]

Basis of Presentation and Consolidation

Standex International Corporation (“Standex” or the “Company”) is a diversified manufacturing company with operations in the United States, Europe, Asia, Africa, and Latin America. The accompanying consolidated financial statements include the accounts of Standex International Corporation and its subsidiaries and are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany accounts and transactions have been eliminated in consolidation.

During the year ended June 30, 2012, the Company completed the divestiture of its ADP business. As a result, all periods have been restated to reflect the operations of ADP as discontinued operations. For further information, please see Note 15 – Discontinued Operations.

The Company considers events or transactions that occur after the balance sheet date, but before the financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. We evaluated subsequent events through the date and time our consolidated financial statements were issued.

Use of Estimates, Policy [Policy Text Block]

Accounting Estimates

The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements and for the period then ended. Estimates are based on historical experience, actuarial estimates, current conditions and various other assumptions that are believed to be reasonable under the circumstances. These estimates form the basis for making judgments about the carrying values of assets and liabilities when they are not readily apparent from other sources. These estimates assist in the identification and assessment of the accounting treatment necessary with respect to commitments and contingencies. Actual results may differ from these estimates under different assumptions or conditions.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Cash and cash equivalents include highly liquid investments purchased with a maturity of three months or less. These investments are carried at cost, which approximates fair value. At June 30, 2013 and 2012, the Company’s cash was comprised solely of cash on deposit.

Marketable Securities, Trading Securities, Policy [Policy Text Block]

Trading Securities

The Company purchases investments in connection with the KEYSOP Plan for certain retired executives and for its non-qualified defined contribution plan for employees who exceed certain thresholds under our traditional 401(k) plan. These investments are classified as trading and reported at fair value. The investments generally consist of mutual funds, are included in other non-current assets and amounted to $2.5 million and $3.5 million at June 30, 2013 and 2012, respectively. Gains and losses on these investments are recorded as other non-operating income (expense), net in the Consolidated Statements of Operations.

Receivables, Policy [Policy Text Block]

Accounts Receivable Allowances

The Company has provided an allowance for doubtful accounts reserve which represents the best estimate of probable loss inherent in the Company’s account receivables portfolio. This estimate is derived from the Company’s knowledge of its end markets, customer base, products, and historical experience.

Inventory, Policy [Policy Text Block]

Inventories

Inventories are stated at the lower of (first-in, first-out) cost or market.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Long-Lived Assets

Long-lived assets that are used in operations, excluding goodwill and identifiable intangible assets, are tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Recognition and measurement of a potential impairment loss is performed on assets grouped with other assets and liabilities at the lowest level where identifiable cash flows are largely independent of the cash flows of other assets and liabilities. An impairment loss is the amount by which the carrying amount of a long-lived asset (asset group) exceeds its estimated fair value. Fair value is determined based on discounted cash flows or appraised values, depending upon the nature of the assets.

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment

Property, plant and equipment are reported at cost less accumulated depreciation. Depreciation is recorded on assets over their estimated useful lives, generally using the straight-line method. Lives for property, plant and equipment are as follows:

Buildings (years)	40	to	50
Leasehold improvements		Lesser of term or useful life
Machinery and equipment (years)	8	to	15
Furniture and Fixtures (years)	3	to	10
Computer hardware and software (years)	3	to	7

Routine maintenance costs are expensed as incurred. Major improvements are capitalized. Major improvements to leased buildings are capitalized as leasehold improvements and depreciated over the lesser of the lease term or the life of the improvement.

Goodwill and Intangible Assets, Policy [Policy Text Block]

Goodwill and Identifiable Intangible Assets

All business combinations are accounted for using the acquisition method, and goodwill and identifiable intangible assets, with indefinite lives, are not amortized, but are reviewed annually for impairment or more frequently if impairment indicators arise. Identifiable intangible assets that are not deemed to have indefinite lives are amortized on an accelerated basis over the following useful lives:

Customer relationships (years)	5	to	16
Patents (years)		12
Non-compete agreements (years)	5	to	10
Other (years)		10
Trade names		Indefinite life

See discussion of the Company’s assessment of impairment in Note 5 – Goodwill, and Note 6 – Intangible Assets.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

The financial instruments, shown below, are presented at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models may be applied.

Assets and liabilities recorded at fair value in the consolidated balance sheet are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Hierarchical levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities and the methodologies used in valuation are as follows:

Level 1 – Quoted prices in active markets for identical assets and liabilities. The Company’s KEYSOP and deferred compensation plan assets consist of shares in various mutual funds (for the deferred compensation plan, investments are participant-directed) which invest in a broad portfolio of debt and equity securities. These assets are valued based on publicly quoted market prices for the funds’ shares as of the balance sheet dates. For pension assets (see Note 17 – Employee Benefit Plans), securities are valued based on quoted market prices for securities held directly by the trust.

Level 2 – Inputs, other than quoted prices in an active market, that are observable either directly or indirectly through correlation with market data. For foreign exchange forward contracts and interest rate swaps, the Company values the instruments based on the market price of instruments with similar terms, which are based on spot and forward rates as of the balance sheet dates. For pension assets held in commingled funds (see Note 17 – Employee Benefit Plans) the Company values investments based on the net asset value of the funds, which are derived from the quoted market prices of the underlying fund holdings. The Company has considered the creditworthiness of counterparties in valuing all assets and liabilities.

Level 3– Unobservable inputs based upon the Company’s best estimate of what market participants would use in pricing the asset or liability.

We did not have any transfers of assets and liabilities between Level 1 and Level 2 of the fair value measurement hierarchy at June 30, 2013 and 2012.

Cash and cash equivalents, accounts receivable, and accounts payable are carried at cost, which approximates fair value.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentration of Credit Risk

The Company is subject to credit risk through trade receivables and short-term cash investments. Concentration of risk with respect to trade receivables is minimized because of the diversification of our operations, as well as our large customer base and our geographical dispersion. No individual customer accounts for more than 5% of revenues or accounts receivable in the periods presented.

Short-term cash investments are placed with high credit-quality financial institutions. The Company monitors the amount of credit exposure in any one institution or type of investment instrument.

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

The Company’s product sales are recorded when persuasive evidence of an arrangement exists, delivery has occurred, the price to the buyer is fixed or determinable, and collectability is reasonably assured. For products that include installation, and if the installation meets the criteria to be considered a separate element, product revenue is recognized upon delivery, and installation revenue is recognized when the installation is complete. Revenues under certain fixed price contracts are generally recorded when deliveries are made.

Sales and estimated profits under certain long-term contracts are recognized under the percentage-of-completion methods of accounting, whereby profits are recorded pro rata, based upon current estimates of costs to complete such contracts. Losses on contracts are provided for in the period in which the losses become determinable. Revisions in profit estimates are reflected on a cumulative basis in the period in which the basis for such revision becomes known. Any excess of the billings over cost and estimated earnings on long-term contracts is included in deferred revenue.

Cost Of Sales And Selling, General And Administrative Expenses Policy [Policy Text Block]

Cost of Goods Sold and Selling, General and Administrative Expenses

The Company includes expenses in either cost of goods sold or selling, general and administrative categories based upon the natural classification of the expenses. Cost of goods sold includes expenses associated with the acquisition, inspection, manufacturing and receiving of materials for use in the manufacturing process. These costs include inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs as well as depreciation, amortization, wages, benefits and other costs that are incurred directly or indirectly to support the manufacturing process. Selling, general and administrative includes expenses associated with the distribution of our products, sales effort, administration costs and other costs that are not incurred to support the manufacturing process. The Company records distribution costs associated with the sale of inventory as a component of selling, general and administrative expenses in the Consolidated Statements of Operations. These expenses include warehousing costs, outbound freight charges and costs associated with distribution personnel. Our gross profit margins may not be comparable to those of other entities due to different classifications of costs and expenses.

Research and Development Expense, Policy [Policy Text Block]

Research and Development

Research and development expenditures are expensed as incurred. Total research and development costs, which are classified under selling, general, and administrative expenses, were $4.4 million, $4.4 million, and $4.0 million for the years ended June 30, 2013, 2012, and 2011, respectively.

Standard Product Warranty, Policy [Policy Text Block]

Warranties

The expected cost associated with warranty obligations on our products is recorded when the revenue is recognized. The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Since warranty estimates are forecasts based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation Plans

Restricted stock awards generally vest over a three-year period. Compensation expense associated with these awards is recorded based on their grant-date fair values and is generally recognized on a straight-line basis over the vesting period except for awards with performance conditions, which are recognized on a graded vesting schedule. Compensation cost for an award with a performance condition is based on the probable outcome of that performance condition. The stated vesting period is considered substantive for retirement eligible participants. Accordingly, the Company recognizes any remaining unrecognized compensation expense upon participant retirement.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Translation

The functional currency of our non-U.S. operations is generally the local currency. Assets and liabilities of non-U.S. operations are translated into U.S. Dollars on a monthly basis using period-end exchange rates. Revenues and expenses of these operations are translated using average exchange rates. The resulting translation adjustment is reported as a component of comprehensive income (loss) in the consolidated statements of stockholders’ equity and comprehensive income. Gains and losses from foreign currency transactions are included in results of operations and were not material for any period presented.

Derivatives, Policy [Policy Text Block]

Derivative Instruments and Hedging Activities

The Company recognizes all derivatives on its balance sheet at fair value.

Forward foreign currency exchange contracts are periodically used to limit the impact of currency fluctuations on certain anticipated foreign cash flows, such as foreign purchases of materials and loan payments from subsidiaries. The Company enters into such contracts for hedging purposes only. For hedges of intercompany loan payments, the Company records derivative gains and losses directly to the statement of operations due to the general short-term nature and predictability of the transactions.

The Company also uses interest rate swaps to manage exposure to interest rates on the Company’s variable rate indebtedness. The Company values the swaps based on contract prices in the derivatives market for similar instruments. The Company has designated the swaps as cash flow hedges, and changes in the fair value of the swaps are recognized in other comprehensive income (loss) until the hedged items are recognized in earnings. Hedge ineffectiveness, if any, associated with the swaps will be reported by the Company in interest expense.

The Company does not hold or issue derivative instruments for trading purposes.

Income Tax, Policy [Policy Text Block]

Income Taxes

Deferred assets and liabilities are recorded for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax assets and liabilities are determined based on the differences between the financial statements and the tax bases of assets and liabilities using enacted tax rates. Valuation allowances are provided when the Company does not believe it more likely than not the benefit of identified tax assets will be realized.

The Company provides reserves for potential payments of tax to various tax authorities related to uncertain tax positions and other issues. The Company accounts for uncertain tax positions based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is more likely than not to be realized following resolution of any potential contingencies present related to the tax benefit, assuming that the matter in question will be raised by the tax authorities. Interest and penalties associated with such uncertain tax positions are recorded as a component of income tax expense.

Earnings Per Share

(share amounts in thousands)	2013		2012		2011
Basic – Average Shares Outstanding		12,561		12,517		12,475
Effect of Dilutive Securities – Stock Options and Restricted Stock Awards		219		270		277
Diluted – Average Shares Outstanding		12,780		12,787		12,752

Both basic and dilutive income is the same for computing earnings per share. There were no outstanding instruments that had an anti-dilutive effect at June 30, 2013, 2012 and 2011.

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share

(share amounts in thousands)	2013		2012		2011
Basic – Average Shares Outstanding		12,561		12,517		12,475
Effect of Dilutive Securities – Stock Options and Restricted Stock Awards		219		270		277
Diluted – Average Shares Outstanding		12,780		12,787		12,752

Both basic and dilutive income is the same for computing earnings per share. There were no outstanding instruments that had an anti-dilutive effect at June 30, 2013, 2012 and 2011.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements

In January 2013, the FASB issued ASU 2013-01, "Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities", which clarifies the scope of the offsetting disclosures of ASU 2011-11. This amendment requires disclosing and reconciling gross and net amounts for financial instruments that are offset in the balance sheet, and amounts for financial instruments that are subject to master netting arrangements and other similar clearing and repurchase arrangements. We adopted ASU 2013-01 effective January 1, 2013, which did not have a material impact on our disclosures

In February 2013, the FASB issued guidance on disclosure requirements for items reclassified out of accumulated other comprehensive income (“AOCI”). This new guidance requires entities to present (either on the face of the income statement or in the notes) the effects on the line items of the income statement for amounts reclassified out of AOCI. The new guidance will be effective for us beginning July 1, 2013. Other than requiring additional disclosures, we do not anticipate material impacts on our financial statements upon adoption.

In March 2013, the FASB issued guidance on a parent’s accounting for the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance will be effective for us beginning July 1, 2014.

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Note 1 - Summary of Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	2013			2012			2011
Balance at beginning of year	$	1,986		$	2,201		$	1,882
Provision charged to expense		453			366			697
Write-offs, net of recoveries		(107	)		(581	)		(378	)
Balance at end of year	$	2,332		$	1,986		$	2,201

Property, Plant and Equipment [Table Text Block]

Buildings (years)	40	to	50
Leasehold improvements		Lesser of term or useful life
Machinery and equipment (years)	8	to	15
Furniture and Fixtures (years)	3	to	10
Computer hardware and software (years)	3	to	7

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Customer relationships (years)	5	to	16
Patents (years)		12
Non-compete agreements (years)	5	to	10
Other (years)		10
Trade names		Indefinite life

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	2013
	Total		Level 1		Level 2		Level 3
Financial Assets
Marketable securities - deferred compensation plan	$	2,478	$	2,478	$	-	$	-
Foreign Exchange contracts		37				37		-
Financial Liabilities
Foreign Exchange contracts	$	1,443	$	-	$	1,443	$	-
Interest rate swaps		1,875		-		1,875		-

	2012
	Total		Level 1		Level 2		Level 3
Financial Assets
Marketable securities - KEYSOP assets	$	1,847	$	1,847	$	-	$	-
Marketable securities - deferred compensation plan		1,697		1,697		-		-
Foreign Exchange contracts		96		-		96		-
Financial Liabilities
Foreign Exchange contracts	$	231	$	-	$	231	$	-
Interest rate swaps		2,734		-		2,734		-

Schedule of Product Warranty Liability [Table Text Block]

	2013			2012			2011
Balance at beginning of year	$	6,083		$	5,131		$	4,761
Warranty expense		5,090			4,459			2,685
Warranty claims		(4,062	)		(3,507	)		(2,315	)
Balance at end of year	$	7,111		$	6,083		$	5,131

Schedule of Weighted Average Number of Shares [Table Text Block]

(share amounts in thousands)	2013		2012		2011
Basic – Average Shares Outstanding		12,561		12,517		12,475
Effect of Dilutive Securities – Stock Options and Restricted Stock Awards		219		270		277
Diluted – Average Shares Outstanding		12,780		12,787		12,752

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Cash Flows from Operating Activities
Net income	$ 44,848	$ 30,905	$ 35,367
Income (loss) from discontinued operations	(474)	(16,002)	(2,659)
Income (loss) from continuing operations	45,322	46,907	38,026
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	15,547	13,490	13,274
Stock-based compensation	3,343	3,768	3,805
Deferred income taxes	(2,402)	2,376	(673)
Non-cash portion of restructuring charge	(31)	81	485
(Gain)/loss on sale of real estate		(4,776)	(3,368)
Accounts receivables, net	3,001	(5,883)	(2,535)
Inventories	(215)	876	(11,845)
Contributions to defined benefit plans	(4,578)	(7,268)	(506)
Prepaid expenses and other	(3,294)	(2,742)	(1,296)
Accounts payable	3,832	(651)	12,665
Accrued payroll, employee benefits and other liabilities	2,228	4,375	6,019
Income taxes payable	696	(3,112)	6,783
Net cash provided by operating activities from continuing operations	63,449	47,441	60,834
Net cash used for operating activities from discontinued operations	(3,268)	(3,775)	(4,497)
Net cash provided by operating activities	60,181	43,666	56,337
Cash Flows from Investing Activities
Expenditures for capital assets	(14,147)	(9,936)	(5,919)
Expenditures for acquisitions, net of cash acquired	(39,613)		(26,603)
Expenditures for executive life insurance policies	(435)	(476)	(514)
Proceeds withdrawn from life insurance policies	1,480	152	415
Proceeds from sale of real estate and equipment	28	5,207	5,746
Other investing activity		(2,367)	(1,242)
Net cash provided by (used for) investing activities from continuing operations	(52,687)	(7,420)	(28,117)
Net cash provided by (used for) investing activities from discontinued operations		16,004	(132)
Net cash provided by (used for) investing activities	(52,687)	8,584	(28,249)
Cash Flows from Financing Activities
Proceeds from borrowings	121,000	210,500	73,000
Payments of debt	(121,785)	(210,300)	(116,500)
Short-term borrowings, net		(1,800)	1,800
Stock issued under employee stock option and purchase plans	279	316	342
Excess tax benefit associated with stock option exercises	1,990	649	247
Cash dividends paid	(3,891)	(3,383)	(2,875)
Purchase of treasury stock	(8,509)	(5,521)	(5,237)
Net cash used for financing activities from continuing operations	(10,916)	(9,539)	(49,223)
Net cash used for financing activities	(10,916)	(9,539)	(49,223)
Effect of exchange rate changes on cash	(263)	(2,369)	1,912
Net change in cash and cash equivalents	(3,685)	40,342	(19,223)
Cash and cash equivalents at beginning of year	54,749	14,407	33,630
Cash and cash equivalents at end of year	51,064	54,749	14,407
Cash paid during the year for:
Interest	2,193	1,792	1,837
Income taxes, net of refunds	$ 14,018	$ 13,377	$ 5,673

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Note 2 - Acquisitions (Tables)

12 Months Ended

Jun. 30, 2013

Note 2 - Acquisitions (Tables) [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	Metal Spinners Group
Fair value of business combination:
Cash payments	$	23,887
Less: cash acquired		(1,652	)
Total	$	22,235
Identifiable assets acquired and liabilities assumed
Current assets	$	5,349
Property, plant, and equipment		6,534
Identifiable intangible assets		5,727
Goodwill		11,288
Deferred taxes		(2,837	)
Liabilities assumed		(3,826	)
Total	$	22,235

	Other
Fair value of business combination:
Cash payments	$	4,368
Deferred consideration		350
Total	$	4,718
Identifiable assets acquired and liabilities assumed
Current assets	$	1,705
Property, plant, and equipment		518
Identifiable intangible assets		1,619
Goodwill		1,368
Liabilities assumed		(492	)
Total	$	4,718

Meder Acquisition [Member]

Note 2 - Acquisitions (Tables) [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	Preliminary Allocation			Adjustments			Meder Electronic
Fair value of business combination:
Cash payments	$	42,103		$	1,078		$	43,181
Less: cash acquired		(3,568	)		-			(3,568	)
Total	$	38,535		$	1,078		$	39,613
Identifiable assets acquired and liabilities assumed
Current Assets	$	20,246		$	-		$	20,246
Property, plant, and equipment		10,651			409			11,060
Identifiable intangible assets		8,200			-			8,200
Goodwill		11,131			932			12,063
Other non-current assets		222			-			222
Liabilities Assumed		(8,682	)		40			(8,642	)
Deferred taxes		(3,233	)		(303	)		(3,536	)
Total	$	38,535		$	1,078		$	39,613

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Note 11 - Commitments (Details) - Gross minimum annual rental commitments under non-cancelable operating leases (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
Future minimum rental payments [Member]
Note 11 - Commitments (Details) - Gross minimum annual rental commitments under non-cancelable operating leases [Line Items]
2014	$ 5,390
2015	4,709
2016	3,581
2017	2,721
2018	1,467
Thereafter	3,491
Sublease income [Member]
Note 11 - Commitments (Details) - Gross minimum annual rental commitments under non-cancelable operating leases [Line Items]
2014	778
2015	666
2016	356
2017	338
2018	185
Net obligation [Member]
Note 11 - Commitments (Details) - Gross minimum annual rental commitments under non-cancelable operating leases [Line Items]
2014	4,612
2015	4,043
2016	3,225
2017	2,383
2018	1,282
Thereafter	$ 3,491

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Note 10 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2013		2012		2011
U.S. Operations	$	37,739	$	27,590	$	28,587
Non-U.S. Operations		23,493		35,229		24,361
Total	$	61,232	$	62,819	$	52,948

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2013			2012			2011
Current:
Federal	$	9,668		$	5,314		$	9,750
State		1,465			449			1,060
Non-U.S.		7,179			7,773			4,785
Total Current		18,312			13,536			15,595
Deferred:
Federal	$	(442	)	$	2,139		$	(1,231	)
State		20			644			(851	)
Non-U.S.		(1,980	)		(407	)		1,409
Total Deferred		(2,402	)		2,376			(673	)
Total	$	15,910		$	15,912		$	14,922

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2013			2012			2011
Provision at statutory tax rate		35.0	%		35.0	%		35.0	%
State taxes		1.6	%		1.2	%		0.3	%
Impact of Foreign Operations		-6.3	%		-5.6	%		-3.8	%
Federal tax credits		-2.2	%		-2.9	%		-1.7	%
Other		-2.1	%		-2.4	%		-1.6	%
Effective income tax provision		26.0	%		25.3	%		28.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2013			2012
Deferred tax liabilities:
Depreciation and amortization	$	(18,778	)	$	(19,247	)
Other		-			(1,832	)
Total deferred tax liability	$	(18,778	)	$	(21,079	)
Deferred tax assets:
Accrued compensation	$	3,464		$	3,966
Accrued expenses and reserves		2,429			6,242
Pension		12,246			19,985
Inventory		1,588			1,554
Other		806			1,678
Net operating loss and credit carry forwards		3,164			2,631
Total deferred tax asset	$	23,697		$	36,056
Less: Valuation allowance		(520	)		(813	)
Net deferred tax asset (liability)	$	4,399		$	14,164

Schedule of Provision For Income Taxes TableTextBlock

	2013			2012			2011
Continuing operations	$	15,910		$	15,912		$	14,922
Discontinued operations		(184	)		(9,322	)		(1,307	)
	$	15,726		$	6,590		$	13,615

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2013			2012			2011
Beginning Balance	$	1,298		$	2,146		$	1,782
Additions based on tax positions related to the current year		77			64			611
Additions for tax positions of prior years		19			394			-
Reductions for tax positions of prior years		(108	)		(1,306	)		(247	)
Settlements		-			-			-
Ending Balance	$	1,286		$	1,298		$	2,146

Summary of Income Tax Examinations [Table Text Block]

Country	Years Ending June 30,
United States	2010	to	2013
Canada	2009	to	2013
Ireland	2010	to	2013
Portugal	2010	to	2013
United Kingdom	2012	to	2013

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Note 1 - Summary of Accounting Policies (Details) - Fair values of financial instruments (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Financial Assets
Foreign Exchange contracts, Assets	$ 37	$ 96
Financial Liabilities
Foreign Exchange contracts, Liabilities	1,443	231
Interest rate swaps	1,875	2,734
Deferred Compensation Plan [Member] | Level 1 [Member]
Financial Assets
Marketable securities	2,478	1,697
Deferred Compensation Plan [Member]
Financial Assets
Marketable securities	2,478	1,697
KEYSOP Assets [Member] | Level 1 [Member]
Financial Assets
Marketable securities		1,847
KEYSOP Assets [Member]
Financial Assets
Marketable securities		1,847
Level 2 [Member]
Financial Assets
Foreign Exchange contracts, Assets	37	96
Financial Liabilities
Foreign Exchange contracts, Liabilities	1,443	231
Interest rate swaps	$ 1,875	$ 2,734

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Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	$ 50,000,000
Fair Value	(1,875,000)	(2,734,000)
June 1, 2010 (1) [Member]
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	5,000,000
Fixed Interest Rate	2.495%
Maturity	May 26, 2015
Fair Value	(205,000)	(300,000)
June 1, 2010 (2) [Member]
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	5,000,000
Fixed Interest Rate	2.495%
Maturity	May 26, 2015
Fair Value	(205,000)	(300,000)
June 4, 2010 [Member]
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	10,000,000
Fixed Interest Rate	2.395%
Maturity	May 26, 2015
Fair Value	(389,000)	(566,000)
June 9, 2010 [Member]
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	5,000,000
Fixed Interest Rate	2.34%
Maturity	May 26, 2015
Fair Value	(190,000)	(275,000)
June 18, 2010 [Member]
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	5,000,000
Fixed Interest Rate	2.38%
Maturity	May 26, 2015
Fair Value	(194,000)	(283,000)
September 21, 2011 (1) [Member]
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	5,000,000
Fixed Interest Rate	1.28%
Maturity	Sep. 21, 2013
Fair Value	(14,000)	(61,000)
September 21, 2011 (2) [Member]
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	5,000,000
Fixed Interest Rate	1.60%
Maturity	Sep. 22, 2014
Fair Value	(83,000)	(136,000)
March 15, 2012 [Member]
Note 9 - Derivative Financial Instruments (Details) - Fair value of swaps recognized in accrued liabilities and in other comprehensive income (loss) [Line Items]
Notional Amount	10,000,000
Fixed Interest Rate	2.75%
Maturity	Mar. 15, 2016
Fair Value	$ (595,000)	$ (813,000)

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Current assets:
Cash and cash equivalents	$ 51,064	$ 54,749
Accounts receivable, net	102,268	99,432
Inventories	84,956	73,076
Prepaid expenses and other current assets	7,776	6,255
Income taxes receivable		3,568
Deferred tax asset	12,237	12,190
Total current assets	258,301	249,270
Property, plant, equipment, net	95,020	82,563
Intangible assets, net	25,837	19,818
Goodwill	111,905	100,633
Deferred tax asset		6,618
Other non-current assets	19,510	20,909
Total non-current assets	252,272	230,541
Total assets	510,573	479,811
Current liabilities:
Accounts payable	69,854	62,113
Accrued liabilities	46,981	51,124
Income taxes payable	1,638	3,548
Total current liabilities	118,473	116,785
Long-term debt	50,072	50,000
Deferred income taxes	7,838	4,644
Pension obligations	33,538	53,550
Other non-current liabilities	9,664	11,925
Total non-current liabilities	101,112	120,119
Stockholders' equity:
Common stock, par value $1.50 per share - 60,000,000 shares authorized, 27,984,278 issued, 12,549,806 and 12,523,866 shares outstanding in 2013 and 2012	41,976	41,976
Additional paid-in capital	37,199	34,928
Retained earnings	546,031	505,163
Accumulated other comprehensive loss	(65,280)	(75,125)
Treasury shares (15,434,472 shares in 2013 and 15,460,412 shares in 2012)	(268,938)	(264,035)
Total stockholders' equity	290,988	242,907
Total liabilities and stockholders' equity	$ 510,573	$ 479,811

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Note 16 - Restructuring (Tables)

12 Months Ended

Jun. 30, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2013
2013 Restructuring Initiatives	$	1,299	$	1,367	$	2,666
Prior Year Initiatives		-		-		-
Total expense	$	1,299	$	1,367	$	2,666

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
		2012
2012 Restructuring Initiatives	$	901	$	206	$	1,107
Prior Year Initiatives		87		491		578
Total expense	$	988	$	697	$	1,685

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2011
2011 Restructuring Initiatives	$	-	$	286	$	286
Prior Year Initiatives		315		1,242		1,557
Total expense	$	315	$	1,528	$	1,843

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring Liabilities at June 30, 2012	$	-		$	-		$	-
Additions		1,299			1,367			2,666
Payments		(1,289	)		(1,367	)		(2,656	)
Restructuring Liabilities at June 30, 2013	$	10		$	-		$	10

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring Liabilities at June 30, 2011	$	10		$	-		$	10
Additions		988			627			1,615
Payments		(957	)		(627	)		(1,584	)
Restructuring Liabilities at June 30, 2012	$	41		$	-		$	41
Additions					-			-
Payments		(41	)		-			(41	)
Restructuring Liabilities at June 30, 2013	$	-		$	-		$	-

Restructuring Expenses by Segment Table Text Block

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2013
Food Service Equipment Group	$	183	$	25	$	208
Engineering Technologies Group		44		-		44
Engraving Group		776		1,253		2,029
Electronics Products Group		296		89		385
Corporate		-		-		-
Total expense	$	1,299	$	1,367	$	2,666

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2012
Food Service Equipment Group	$	279	$	647	$	926
Engraving Group		683		50		733
Corporate		26		-		26
Total expense	$	988	$	697	$	1,685

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2011
Food Service Equipment Group	$	70	$	1,528	$	1,598
Engraving Group		157		-		157
Corporate		88		-		88
Total expense	$	315	$	1,528	$	1,843

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Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	$ 2,666	$ 1,685	$ 1,843
Food Service Equipment Group [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	183	279	70
Food Service Equipment Group [Member] | Other Restructuring [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	25	647	1,528
Food Service Equipment Group [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	208	926	1,598
Engineering Technologies Group [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	44
Engineering Technologies Group [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	44
Engraving Group [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	776	683	157
Engraving Group [Member] | Other Restructuring [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	1,253	50
Engraving Group [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	2,029	733	157
Electronics Products Group [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	296
Electronics Products Group [Member] | Other Restructuring [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	89
Electronics Products Group [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	385
Corporate Segment [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges		26	88
Corporate Segment [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges		26	88
Involuntary Employee Severance And Benefit Costs [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	1,299	988	315
Other Restructuring [Member]
Note 16 - Restructuring (Details) - Summary of restructuring expenses by segment [Line Items]
Restructuring Charges	$ 1,367	$ 697	$ 1,528

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Note 21 - Subsequent Event (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended			1 Months Ended			12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011	Aug. 23, 2013 Subsequent Event [Member] Food Service Equipment Group [Member] Non-cash impairment of long-lived assets [Member]	Aug. 23, 2013 Subsequent Event [Member] Food Service Equipment Group [Member] Minimum [Member]	Aug. 23, 2013 Subsequent Event [Member] Food Service Equipment Group [Member] Maximum [Member]	Jun. 30, 2013 Food Service Equipment Group [Member]	Jun. 30, 2012 Food Service Equipment Group [Member]	Jun. 30, 2011 Food Service Equipment Group [Member]
Note 21 - Subsequent Event (Details) [Line Items]
Restructuring Charges	$ 2,666	$ 1,685	$ 1,843	$ 3,000	$ 7,500	$ 8,000	$ 208	$ 926	$ 1,598

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Consolidated Statements of Stockholders' Equity (USD $) In Thousands, except Share data, unless otherwise specified	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Total
Balance at Jun. 30, 2010	$ 41,976	$ 31,460	$ 445,313	$ (66,456)	$ (260,230)	$ 192,063
Balance (in Shares) at Jun. 30, 2010					15,536,000
Stock issued for employee stock option and purchase plans, including related income tax benefit		(2,037)			3,078	1,041
Stock issued for employee stock option and purchase plans, including related income tax benefit (in Shares)					(183,000)
Stock-based compensation		3,805				3,805
Treasury stock acquired					(5,237)	(5,237)
Treasury stock acquired (in Shares)					183,000
Comprehensive income:
Net Income			35,367			35,367
Foreign currency translation adjustment				9,075		9,075
Pension and OPEB adjustments, net of tax				12,803		12,803
Change in fair value of derivatives, net of tax				(350)		(350)
Dividends paid			(2,954)			(2,954)
Balance at Jun. 30, 2011	41,976	33,228	477,726	(44,928)	(262,389)	245,613
Balance (in Shares) at Jun. 30, 2011					15,536,000
Stock issued for employee stock option and purchase plans, including related income tax benefit		(2,156)			3,875	1,719
Stock issued for employee stock option and purchase plans, including related income tax benefit (in Shares)					(229,000)
Stock-based compensation		3,856				3,856
Treasury stock acquired					(5,521)	(5,521)
Treasury stock acquired (in Shares)					154,000
Comprehensive income:
Net Income			30,905			30,905
Foreign currency translation adjustment				(7,847)		(7,847)
Pension and OPEB adjustments, net of tax				(21,625)		(21,625)
Change in fair value of derivatives, net of tax				(725)		(725)
Dividends paid			(3,468)			(3,468)
Balance at Jun. 30, 2012	41,976	34,928	505,163	(75,125)	(264,035)	242,907
Balance (in Shares) at Jun. 30, 2012					15,461,000
Stock issued for employee stock option and purchase plans, including related income tax benefit		(1,072)			3,606	2,534
Stock issued for employee stock option and purchase plans, including related income tax benefit (in Shares)					(210,000)
Stock-based compensation		3,343				3,343
Treasury stock acquired					(8,509)	(8,509)
Treasury stock acquired (in Shares)					184,000
Comprehensive income:
Net Income			44,848			44,848
Foreign currency translation adjustment				(4,025)		(4,025)
Pension and OPEB adjustments, net of tax				13,340		13,340
Change in fair value of derivatives, net of tax				530		530
Dividends paid			(3,980)			(3,980)
Balance at Jun. 30, 2013	$ 41,976	$ 37,199	$ 546,031	$ (65,280)	$ (268,938)	$ 290,988
Balance (in Shares) at Jun. 30, 2013					15,435,000

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Note 16 - Restructuring (Details) - Summary of severance, restructuring, and related charges by initiative (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Restructuring Cost and Reserve [Line Items]
Total expense	$ 2,666	$ 1,685	$ 1,843
Current Year Restructuring Initiatives [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total expense	1,299	901
Current Year Restructuring Initiatives [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Total expense	1,367	206	286
Current Year Restructuring Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Total expense	2,666	1,107	286
Prior Year Initiatives [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total expense		87	315
Prior Year Initiatives [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Total expense		491	1,242
Prior Year Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Total expense		578	1,557
Involuntary Employee Severance And Benefit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total expense	1,299	988	315
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Total expense	$ 1,367	$ 697	$ 1,528

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Note 3 - Inventories (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Inventory Disclosure [Abstract]
Selling Expense	$ 20.9	$ 19.9	$ 17.8

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Note 17 - Employee Benefit Plans (Details) - Funded status for US and foreign pension plans (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Change in benefit obligation
Service cost	$ 13	$ 19	$ 12
Interest cost	49	101	106
Change in plan assets
Fair value of plan assets at beginning of year	227,856
Fair value of plan assets at end of year	231,060	227,856
United States Pension Plans [Member]
Change in benefit obligation
Benefit obligation	245,212	213,637
Service cost	702	447	444
Interest cost	10,941	11,975	12,151
Actuarial loss (gain)	(12,366)	33,766
Benefits paid	(14,776)	(14,613)
Curtailment	(1,839)
Benefit obligation	227,874	245,212	213,637
Change in plan assets
Fair value of plan assets at beginning of year	198,718	191,179
Actual return on plan assets	12,825	15,966
Employer contribution	3,407	6,186
Benefits paid	(14,776)	(14,613)
Fair value of plan assets at end of year	200,174	198,718	191,179
Funded Status	(27,700)	(46,494)
Current liabilities	(149)	(179)
Non-current liabilities	(27,551)	(46,315)
Net amount recognized	(27,700)	(46,494)
Unrecognized net actuarial loss	97,103	116,920
Unrecognized prior service cost	370	522
Accumulated other comprehensive income, pre-tax	97,473	117,442
Foreign Pension Plans [Member]
Change in benefit obligation
Benefit obligation	37,527	33,141
Service cost	40	34	41
Interest cost	1,667	1,758	1,683
Actuarial loss (gain)	705	5,596
Benefits paid	(1,361)	(1,306)
Foreign currency exchange rate	(681)	(1,696)
Benefit obligation	37,897	37,527	33,141
Change in plan assets
Fair value of plan assets at beginning of year	29,138	28,241
Actual return on plan assets	2,805	1,937
Employer contribution	1,171	1,147
Benefits paid	(1,361)	(1,306)
Foreign currency exchange rate	(864)	(881)
Fair value of plan assets at end of year	30,889	29,138	28,241
Funded Status	(7,008)	(8,389)
Prepaid Benefit Cost	99
Current liabilities	(1,120)	(1,154)
Non-current liabilities	(5,987)	(7,235)
Net amount recognized	(7,008)	(8,389)
Unrecognized net actuarial loss	9,651	11,511
Unrecognized prior service cost	(267)	(315)
Accumulated other comprehensive income, pre-tax	$ 9,384	$ 11,196

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Note 5 - Goodwill (Tables)

12 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Schedule of Goodwill [Table Text Block]

	2013			2012
Balance at beginning of year	$	118,572		$	120,378
Accumulated impairment losses		17,939			17,939
Balance at beginning of year, net		100,633			102,439
Acquisitions		12,063			-
Measurement period adjustments and other		-			(263	)
Foreign currency translation		(791	)		(1,543	)
Balance at end of year	$	111,905		$	100,633

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Note 6 - Intangible Assets (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Disclosure Text Block [Abstract]
Amortization of Intangible Assets	$ 2.7	$ 2.7	$ 2.4
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	2.5
Finite-Lived Intangible Assets, Amortization Expense, Year Two	2.2
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1.8
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1.4
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1.3
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 3.8

XML

Note 14 - Other Comprehensive Income and Accumulated Other Comprehensive Loss

12 Months Ended

Jun. 30, 2013

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

14. Accumulated Other Comprehensive Income (LosS)

The components of the Company’s accumulated other comprehensive income (loss) at June 30 are as follows (in thousands):

	2013			2012
Foreign currency translation adjustment	$	3,745		$	7,770
Unrealized pension losses, net of tax		(67,857	)		(81,197	)
Unrealized losses on derivative instruments, net of tax		(1,168	)		(1,698	)
Total	$	(65,280	)	$	(75,125	)

XML

Note 6 - Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2013

Disclosure Text Block [Abstract]

Schedule O fIntangible Assets Excluding Goodwill Table Text Block

	Customer Relationships			Trademarks (Indefinite-lived)		Other			Total
June 30, 2013
Cost	$	31,850		$	12,878	$	4,228		$	48,956
Accumulated amortization		(19,529	)		-		(3,590	)		(23,119	)
Balance, June 30, 2013	$	12,321		$	12,878	$	638		$	25,837
June 30, 2012
Cost	$	27,062		$	9,406	$	3,846		$	40,314
Accumulated amortization		(17,003	)		-		(3,493	)		(20,496	)
Balance, June 30, 2012	$	10,059		$	9,406	$	353		$	19,818

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Note 17 - Employee Benefit Plans (Details) - Net periodic benefit cost (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Note 17 - Employee Benefit Plans (Details) - Net periodic benefit cost [Line Items]
Service Cost	$ 13	$ 19	$ 12
Interest Cost	49	101	106
Recognized net actuarial loss	24	55	57
Amortization of transition obligation (asset)	112	223	223
Curtailment	(51)
Net periodic benefit cost (benefit)	(2,128)	288	284
United States Pension Plans [Member]
Note 17 - Employee Benefit Plans (Details) - Net periodic benefit cost [Line Items]
Service Cost	702	447	444
Interest Cost	10,941	11,975	12,151
Expected return on plan assets	(14,790)	(15,333)	(15,777)
Recognized net actuarial loss	7,577	4,814	4,342
Amortization of prior service cost (benefit)	98	111	139
Amortization of transition obligation (asset)	2	2	2
Curtailment	52
Net periodic benefit cost (benefit)	4,582	2,016	1,301
Foreign Pension Plans [Member]
Note 17 - Employee Benefit Plans (Details) - Net periodic benefit cost [Line Items]
Service Cost	40	34	41
Interest Cost	1,667	1,758	1,683
Expected return on plan assets	(1,339)	(1,527)	(1,495)
Recognized net actuarial loss	901	527	604
Amortization of prior service cost (benefit)	(57)	(59)	(60)
Net periodic benefit cost (benefit)	$ 1,212	$ 733	$ 773

XML

Note 16 - Restructuring

12 Months Ended

Jun. 30, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

16. restructuring

The Company has undertaken a number of initiatives that have resulted in severance, restructuring, and related charges. A summary of charges by initiative is as follows (in thousands):

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2013
2013 Restructuring Initiatives	$	1,299	$	1,367	$	2,666
Prior Year Initiatives		-		-		-
Total expense	$	1,299	$	1,367	$	2,666

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
		2012
2012 Restructuring Initiatives	$	901	$	206	$	1,107
Prior Year Initiatives		87		491		578
Total expense	$	988	$	697	$	1,685

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2011
2011 Restructuring Initiatives	$	-	$	286	$	286
Prior Year Initiatives		315		1,242		1,557
Total expense	$	315	$	1,528	$	1,843

2013 Restructuring Initiatives

During the first half of 2013, the Company began a new headcount reduction program in its European Engraving Group operations as part of the realignment of the Group’s global footprint. Restructuring cost of $0.6 million related to this activity was substantially completed for the year ended June 30, 2013. During the third quarter, the Company completed the move and start up of the Sao Paolo, Brazil, Engraving Group facility to a location more suited to the Group’s operational needs. Restructuring expenses for the year ended June 30, 2013 related to these activities were $1.5 million. Also during the year as redundant positions due to the Meder acquisition are being eliminated the Company incurred $0.4 million of restructuring costs in China, which was substantially completed for the year ended June 30, 2013.

Activity in the reserves related to 2013 restructuring initiatives is as follows (in thousands):

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring Liabilities at June 30, 2012	$	-		$	-		$	-
Additions		1,299			1,367			2,666
Payments		(1,289	)		(1,367	)		(2,656	)
Restructuring Liabilities at June 30, 2013	$	10		$	-		$	10

Prior Year Initiatives

During the fourth quarter of 2011, the Company began the integration of the newly-acquired Tri-Star manufacturing operations into existing production capabilities in Nogales, Mexico. Production was transferred during the first quarter of 2012, and restructuring charges of $0.6 million were incurred during the year ended June 30, 2012.

During the first quarter of 2012, the Company transferred production of the Kool Star product line from Nogales, Mexico, to New Albany, Mississippi, where it is being integrated into the Master-Bilt manufacturing operations. Restructuring costs of $0.3 million were incurred in carrying out this initiative, which was substantially completed during the year. Additionally, the Company continued to reduce headcount across several divisions as part of our ongoing commitment to achieving operational efficiency. Restructuring costs of $0.8 million were incurred as part of this initiative during the year ended June 30, 2012.

Activity in the reserves related to prior year restructuring initiatives is as follows (in thousands):

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring Liabilities at June 30, 2011	$	10		$	-		$	10
Additions		988			627			1,615
Payments		(957	)		(627	)		(1,584	)
Restructuring Liabilities at June 30, 2012	$	41		$	-		$	41
Additions					-			-
Payments		(41	)		-			(41	)
Restructuring Liabilities at June 30, 2013	$	-		$	-		$	-

The Company’s total restructuring expenses by segment are as follows (in thousands):

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2013
Food Service Equipment Group	$	183	$	25	$	208
Engineering Technologies Group		44		-		44
Engraving Group		776		1,253		2,029
Electronics Products Group		296		89		385
Corporate		-		-		-
Total expense	$	1,299	$	1,367	$	2,666

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2012
Food Service Equipment Group	$	279	$	647	$	926
Engraving Group		683		50		733
Corporate		26		-		26
Total expense	$	988	$	697	$	1,685

Year Ended June 30,	Involuntary Employee Severance and Benefit Costs		Other		Total
	2011
Food Service Equipment Group	$	70	$	1,528	$	1,598
Engraving Group		157		-		157
Corporate		88		-		88
Total expense	$	315	$	1,528	$	1,843

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Note 7 - Debt (Details) - Long-term debt (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Long-term debt [Abstract]
Bank credit agreements	$ 50,072	$ 50,000
Total	50,072	50,000
Total long-term debt	$ 50,072	$ 50,000

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Note 18 - Industry Segment Information (Details) - Industry Segments (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Segment Reporting Information [Line Items]
Net Sales	$ 183,275	$ 165,970	$ 168,629	$ 183,386	$ 169,800	$ 150,666	$ 154,868	$ 159,306	$ 701,260	$ 634,640	$ 581,369
Depreciation and Amortization									15,547	13,490	13,274
Goodwill	111,905				100,633				111,905	100,633	102,439
Identifiable Assets	510,573				479,811				510,573	479,811
Food Service Equipment Group [Member]
Segment Reporting Information [Line Items]
Net Sales									394,878	388,813	365,523
Depreciation and Amortization									5,242	5,342	5,832
Goodwill	45,790				45,793				45,790	45,793
Identifiable Assets	192,895				192,799				192,895	192,799
Engraving Group [Member]
Segment Reporting Information [Line Items]
Net Sales									93,380	93,611	85,258
Depreciation and Amortization									3,226	3,293	3,525
Goodwill	20,614				20,618				20,614	20,618
Identifiable Assets	88,064				94,738				88,064	94,738
Engineering Technologies Group [Member]
Segment Reporting Information [Line Items]
Net Sales									74,838	74,088	61,063
Depreciation and Amortization									3,288	3,188	1,951
Goodwill	10,861				11,206				10,861	11,206
Identifiable Assets	68,597				71,463				68,597	71,463
Electronics Products Group [Member]
Segment Reporting Information [Line Items]
Net Sales									108,085	48,206	46,600
Depreciation and Amortization									2,986	878	1,105
Goodwill	31,582				19,957				31,582	19,957
Identifiable Assets	94,369				43,285				94,369	43,285
Hydraulics Products Group [Member]
Segment Reporting Information [Line Items]
Net Sales									30,079	29,922	22,925
Depreciation and Amortization									566	518	530
Goodwill	3,058				3,059				3,058	3,059
Identifiable Assets	15,250				14,432				15,250	14,432
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and Amortization									239	271	331
Identifiable Assets	$ 51,398				$ 63,094				$ 51,398	$ 63,094

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Consolidated Statements of Stockholders' Equity (Parentheticals) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Pension and OPEB adjustments, taxes (in Dollars)	$ (8.0)	$ 11.1	$ (7.4)
Change in fair value of derivatives, taxes (in Dollars)	$ (0.3)	$ 0.4	$ 0.2
Dividends paid, per share (in Dollars per share)	$ 0.31	$ 0.27	$ 0.23

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Consolidated Balance Sheets (Parentheticals) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Common stock, par value (in Dollars per share)	$ 1.50	$ 1.50
Common stock, shares authorized (in Shares)	60,000,000	60,000,000
Common stock, shares issued (in Shares)	27,984,278	27,984,278
Common stock, shares outstanding (in Shares)	12,549,806	12,523,866
Treasury stock, shares (in Shares)	15,434,472	15,460,412

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Note 9 - Derivative Financial Instruments

12 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

9. Derivative Financial Instruments

Interest Rate Swaps

In order to manage our interest rate exposure, we are party to $50.0 million of floating to fixed rate swaps. These swaps convert our interest payments from LIBOR to a weighted average rate of 2.29% at June 30, 2013.

The fair value of the swaps recognized in accrued liabilities and in other comprehensive income (loss) at June 30, 2013 and 2012 is as follows (in thousands):

							Fair Value at June 30,
Effective Date	Notional Amount		Fixed Interest Rate			Maturity	2013			2012
June 1, 2010	$	5,000,000		2.495	%	May 26, 2015	$	(205	)	$	(300	)
June 1, 2010		5,000,000		2.495	%	May 26, 2015		(205	)		(300	)
June 4, 2010		10,000,000		2.395	%	May 26, 2015		(389	)		(566	)
June 9, 2010		5,000,000		2.34	%	May 26, 2015		(190	)		(275	)
June 18, 2010		5,000,000		2.38	%	May 26, 2015		(194	)		(283	)
September 21, 2011		5,000,000		1.28	%	September 21, 2013		(14	)		(61	)
September 21, 2011		5,000,000		1.60	%	September 22, 2014		(83	)		(136	)
March 15, 2012		10,000,000		2.75	%	March 15, 2016		(595	)		(813	)
							$	(1,875	)	$	(2,734	)

The Company reported no losses for the years ended June 30, 2013, 2012, and 2011, as a result of hedge ineffectiveness. Future changes in these swap arrangements, including termination of the agreements, may result in a reclassification of any gain or loss reported in accumulated other comprehensive income (loss) into earnings as an adjustment to interest expense. Accumulated other comprehensive income (loss) related to these instruments is being amortized into interest expense concurrent with the hedged exposure.

Foreign Exchange Contracts

Forward foreign currency exchange contracts are used to limit the impact of currency fluctuations on certain anticipated foreign cash flows, such as foreign purchases of materials and loan payments to and from subsidiaries. The Company enters into such contracts for hedging purposes only. For hedges of intercompany loan payments, the Company has not elected hedge accounting due to the general short-term nature and predictability of the transactions, and records derivative gains and losses directly to the consolidated statement of operations. At June 30, 2013 and 2012 the Company had outstanding forward contracts related to hedges of intercompany loans with net unrealized (losses) of ($1.4) million and ($0.1) million, respectively, which approximate the unrealized gains or losses on the related loans. The contracts have maturity dates ranging from 2013-2016, which correspond to the related intercompany loans. The notional amounts of these instruments, by currency, are as follows:

Currency	2013		2012
Mexican Peso		-		3,750,000
Euro		48,349,064		2,350,000
Canadian Dollar		3,600,000		1,250,000
Pound Sterling		2,580,289		933,473
Singapore Dollar		-		1,500,000
Australian Dollar		-		-

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Note 17 - Employee Benefit Plans (Details) - Plan assumptions	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Obligation [Member] | Minimum [Member]
Note 17 - Employee Benefit Plans (Details) - Plan assumptions [Line Items]
Discount rate	3.50%	4.00%	5.60%
Rate of compensation increase	3.50%	3.40%	3.50%
Obligation [Member] | Maximum [Member]
Note 17 - Employee Benefit Plans (Details) - Plan assumptions [Line Items]
Discount rate	5.10%	4.60%	6.00%
Rate of compensation increase	3.90%	3.50%	4.00%
Cost [Member] | Minimum [Member]
Note 17 - Employee Benefit Plans (Details) - Plan assumptions [Line Items]
Discount rate	4.00%	5.50%	4.40%
Rate of compensation increase	3.40%	3.50%	3.50%
Cost [Member] | Maximum [Member]
Note 17 - Employee Benefit Plans (Details) - Plan assumptions [Line Items]
Discount rate	4.60%	6.00%	5.90%
Rate of compensation increase	3.50%	4.00%	3.80%
Minimum [Member]
Note 17 - Employee Benefit Plans (Details) - Plan assumptions [Line Items]
Expected return on assets	4.80%	5.40%	5.70%
Maximum [Member]
Note 17 - Employee Benefit Plans (Details) - Plan assumptions [Line Items]
Expected return on assets	7.80%	8.10%	8.10%

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Note 16 - Restructuring (Details) (USD $)	12 Months Ended				9 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2013 Current Year Restructuring Initiatives [Member] Engraving Headcount Reductions [Member]	Mar. 31, 2013 Current Year Restructuring Initiatives [Member] Brazil Engraving Facility Move [Member]	Mar. 31, 2013 Current Year Restructuring Initiatives [Member] Meder Electronic [Member]	Jun. 30, 2013 Current Year Restructuring Initiatives [Member]	Jun. 30, 2012 Current Year Restructuring Initiatives [Member]	Jun. 30, 2011 Current Year Restructuring Initiatives [Member]	Jun. 30, 2012 Prior Year Initiatives [Member] Tri-Star [Member]	Jun. 30, 2012 Prior Year Initiatives [Member] Kool Star Consolidation [Member]	Jun. 30, 2012 Prior Year Initiatives [Member] Kool Star Headcount Reductions [Member]	Jun. 30, 2012 Prior Year Initiatives [Member]	Jun. 30, 2011 Prior Year Initiatives [Member]
Note 16 - Restructuring (Details) [Line Items]
Restructuring and Related Cost, Expected Cost				$ 600,000
Restructuring Charges	$ 2,666,000	$ 1,685,000	$ 1,843,000		$ 1,500,000	$ 400,000	$ 2,666,000	$ 1,107,000	$ 286,000	$ 600,000	$ 300,000	$ 800,000	$ 578,000	$ 1,557,000

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Note 15 - Discontinued Operations (Details) - Earnings (losses) from discontinued operations (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Note 15 - Discontinued Operations (Details) - Earnings (losses) from discontinued operations [Line Items]
Air Distribution Products Group 2012		$ 43,537	$ 52,384
Income (loss) before taxes from discontinued operations	(658)	(25,324)	(3,966)
(Provision) benefit for tax	184	9,322	1,307
Net income (loss) from discontinued operations	(474)	(16,002)	(2,659)
Standex Air Distribution Products, Inc. [Member]
Note 15 - Discontinued Operations (Details) - Earnings (losses) from discontinued operations [Line Items]
Income (loss) before taxes from discontinued operations	(451)	(24,871)	(2,841)
Berean Christian Stores [Member]
Note 15 - Discontinued Operations (Details) - Earnings (losses) from discontinued operations [Line Items]
Income (loss) before taxes from discontinued operations	(12)	(184)	(635)
Other Disposal Units [Member]
Note 15 - Discontinued Operations (Details) - Earnings (losses) from discontinued operations [Line Items]
Income (loss) before taxes from discontinued operations	$ (195)	$ (269)	$ (490)

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Document And Entity Information (USD $)	12 Months Ended
	Jun. 30, 2013	Aug. 21, 2013	Dec. 31, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	STANDEX INTERNATIONAL CORP/DE/
Document Type	10-K
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		12,697,067
Entity Public Float			$ 656,000,000
Amendment Flag	false
Entity Central Index Key	0000310354
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY

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Note 10 - Income Taxes

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

10. Income Taxes

The components of income from continuing operations before income taxes are as follows (in thousands):

	2013		2012		2011
U.S. Operations	$	37,739	$	27,590	$	28,587
Non-U.S. Operations		23,493		35,229		24,361
Total	$	61,232	$	62,819	$	52,948

The Company utilizes the asset and liability method of accounting for income taxes. Deferred income taxes are determined based on the estimated future tax effects of differences between the financial and tax bases of assets and liabilities given the provisions of the enacted tax laws. The components of the provision for income taxes on continuing operations (in thousands) were as shown below:

	2013			2012			2011
Current:
Federal	$	9,668		$	5,314		$	9,750
State		1,465			449			1,060
Non-U.S.		7,179			7,773			4,785
Total Current		18,312			13,536			15,595
Deferred:
Federal	$	(442	)	$	2,139		$	(1,231	)
State		20			644			(851	)
Non-U.S.		(1,980	)		(407	)		1,409
Total Deferred		(2,402	)		2,376			(673	)
Total	$	15,910		$	15,912		$	14,922

A reconciliation from the U.S. Federal income tax rate on continuing operations to the total tax provision is as follows (in thousands):

	2013			2012			2011
Provision at statutory tax rate		35.0	%		35.0	%		35.0	%
State taxes		1.6	%		1.2	%		0.3	%
Impact of Foreign Operations		-6.3	%		-5.6	%		-3.8	%
Federal tax credits		-2.2	%		-2.9	%		-1.7	%
Other		-2.1	%		-2.4	%		-1.6	%
Effective income tax provision		26.0	%		25.3	%		28.2	%

Changes in the effective tax rates from period to period may be significant as they depend on many factors including, but not limited to, size of the Company’s income or loss and any one-time activities occurring during the period.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2013 was impacted by the following items: (i) a benefit of $0.4 million related to the retroactive extension of the R&D credit recorded during the third quarter, (ii) a benefit of $0.3 million related to a decrease in the statutory tax rate in the United Kingdom on prior period deferred tax liabilities recorded during the first and fourth quarters, (iii) a benefit of $1.0 million from the reversal of a deferred tax liability that was determined to be no longer required during the third quarter and (iv) a benefit of $2.8 million due to the mix of income earned in jurisdictions with beneficial tax rates.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2012 was impacted by the following items: (i) a benefit of $1.3 million from the reversal of income tax contingency reserves that were determined to be no longer needed due to the lapsing of the statute of limitations and re-measurement of existing tax contingency reserves based on recently completed tax examinations, (ii) a benefit of $0.4 million related to a decrease in the statutory tax rate in the United Kingdom on prior period deferred tax liabilities recorded during the first quarter, and (iii) a benefit of $4.5 million due to the mix of income earned in jurisdictions with beneficial tax rates.

The Company's income tax provision from continuing operations for the fiscal year ended June 30, 2011 was impacted by the following items: (i) a benefit of $0.3 million from the reversal of income tax contingency reserves that were determined to be no longer needed due to the expiration of applicable limitation statutes, (ii) a benefit of $0.2 million related primarily to the retroactive extension of the R&D credit recorded during the second quarter, and (iii) a benefit totaling $0.3 million as part of the deferred tax provision related to a change in the estimated state rate used to calculate the deferred balances.

Significant components of the Company’s deferred income taxes are as follows (in thousands):

	2013			2012
Deferred tax liabilities:
Depreciation and amortization	$	(18,778	)	$	(19,247	)
Other		-			(1,832	)
Total deferred tax liability	$	(18,778	)	$	(21,079	)
Deferred tax assets:
Accrued compensation	$	3,464		$	3,966
Accrued expenses and reserves		2,429			6,242
Pension		12,246			19,985
Inventory		1,588			1,554
Other		806			1,678
Net operating loss and credit carry forwards		3,164			2,631
Total deferred tax asset	$	23,697		$	36,056
Less: Valuation allowance		(520	)		(813	)
Net deferred tax asset (liability)	$	4,399		$	14,164

The Company estimates the degree to which deferred tax assets, including net operating loss and credit carry forwards will result in a benefit based on expected profitability by tax jurisdiction and provides a valuation allowance for tax assets and loss carry forwards that it believes will more likely than not go unrealized. The valuation allowances at June 30, 2013 apply to the tax benefit of foreign and state loss carry forwards, which management has concluded that it is more likely than not that these tax benefits will not be realized. The (decrease) increase in the valuation allowance totaled ($0.3) million, $0.6 million, and ($0.2) million in 2013, 2012, and 2011, respectively.

As of June 30, 2013, the Company had state net operating loss ("NOL") and credit carry forwards of approximately $34.3 million and $1.7 million, respectively, which may be available to offset future state income tax liabilities and expire at various dates from 2014 through 2033. In addition, the Company had foreign NOL carry forwards of approximately $2.6 million, $1.3 million of which carry forward indefinitely, $0.4 million that carry forward for 10 years and $0.9 million that carry forward for 5 years.

The Company’s income taxes currently payable for federal and state purposes have been reduced by the benefit of the tax deduction in excess of recognized compensation cost from employee stock compensation transactions. The provision for income taxes that is currently payable has not been adjusted by approximately $2.0 million and $0.7 million of such benefits of the Company that have been allocated to capital in excess / (deficit) of par value in 2013 and 2012, respectively.

A provision has not been made for U.S. or additional non-U.S. taxes on $102.8 million of undistributed earnings of international subsidiaries that could be subject to taxation if remitted to the U.S. It is not practicable to estimate the amount of tax that might be payable on the remaining undistributed earnings. Our intention is to reinvest these earnings permanently or to repatriate the earnings only when it is tax effective to do so. Accordingly, we believe that U.S. tax on any earnings that might be repatriated would be substantially offset by U.S. foreign tax credits.

The total provision for income taxes included in the consolidated financial statements was as follows (in thousands):

	2013			2012			2011
Continuing operations	$	15,910		$	15,912		$	14,922
Discontinued operations		(184	)		(9,322	)		(1,307	)
	$	15,726		$	6,590		$	13,615

The changes in the amount of gross unrecognized tax benefits during 2013, 2012 and 2011 were as follows (in thousands):

	2013			2012			2011
Beginning Balance	$	1,298		$	2,146		$	1,782
Additions based on tax positions related to the current year		77			64			611
Additions for tax positions of prior years		19			394			-
Reductions for tax positions of prior years		(108	)		(1,306	)		(247	)
Settlements		-			-			-
Ending Balance	$	1,286		$	1,298		$	2,146

If these tax benefits were recognized in a future period, the entire amount of unrecognized tax benefit would impact the Company’s effective tax rate.

Within the next twelve months, the statute of limitations will close in various U.S., state and non-U.S. jurisdictions. As a result, it is reasonably expected that net unrecognized tax benefits from these various jurisdictions would be recognized within the next twelve months. The recognition of these tax benefits is not expected to have a material impact to the Company's financial statements. The Company does not reasonably expect any other significant changes in the next twelve months. The following tax years, in the major tax jurisdictions noted, are open for assessment or refund:

Country	Years Ending June 30,
United States	2010	to	2013
Canada	2009	to	2013
Ireland	2010	to	2013
Portugal	2010	to	2013
United Kingdom	2012	to	2013

The Company’s policy is to include interest expense and penalties related to unrecognized tax benefits within the provision for income taxes on the consolidated statements of operations. At both June 30, 2013 and June 30, 2012, the company had less than $0.1 million for accrued interest expense on unrecognized tax benefits.

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Note 10 - Income Taxes (Details) - Unrecognized tax benefits (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Unrecognized tax benefits [Abstract]
Beginning Balance	$ 1,298	$ 2,146	$ 1,782
Ending Balance	1,286	1,298	2,146
Additions based on tax positions related to the current year	77	64	611
Additions for tax positions of prior years	19	394
Reductions for tax positions of prior years	$ (108)	$ (1,306)	$ (247)

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Note 15 - Discontinued Operations (Details) (USD $)	0 Months Ended	3 Months Ended	12 Months Ended
	Mar. 12, 2012	Dec. 30, 2011	Jun. 30, 2013	Jun. 30, 2012
Discontinued Operations and Disposal Groups [Abstract]
Goodwill, Impairment Loss		$ 14,900,000	$ 0	$ 0
Asset Impairment Charges		5,000,000
Business disposal, consideration	16,100,000
Proceeds from Sales of Business, Affiliate and Productive Assets	13,100,000
Business disposal, collaterized notes received	3,000,000
Pre-tax charges in connection with closing of sale	$ 2,600,000

XML

Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Net sales	$ 701,260	$ 634,640	$ 581,369
Cost of sales	475,164	426,156	389,831
Gross profit	226,096	208,484	191,538
Selling, general and administrative	159,601	146,995	137,807
Gain on sale of real estate		(4,776)	(3,368)
Restructuring costs	2,666	1,685	1,843
Income from operations	63,829	64,580	55,256
Interest expense	2,469	2,280	2,107
Other, net	128	(519)	201
Total	2,597	1,761	2,308
Income from continuing operations before income taxes	61,232	62,819	52,948
Provision for income taxes	15,910	15,912	14,922
Income from continuing operations	45,322	46,907	38,026
Income (loss) from discontinued operations, net of tax	(474)	(16,002)	(2,659)
Net income	$ 44,848	$ 30,905	$ 35,367
Income (loss) from continuing operations (in Dollars per share)	$ 3.61	$ 3.75	$ 3.05
Income (loss) from discontinued operations (in Dollars per share)	$ (0.04)	$ (1.28)	$ (0.22)
Total (in Dollars per share)	$ 3.57	$ 2.47	$ 2.83
Income (loss) from continuing operations (in Dollars per share)	$ 3.55	$ 3.67	$ 2.98
Income (loss) from discontinued operations (in Dollars per share)	$ (0.04)	$ (1.25)	$ (0.21)
Total (in Dollars per share)	$ 3.51	$ 2.42	$ 2.77

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Note 4 - Property, plant and equipment

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

4. Property, plant and equipment

Property, plant and equipment consist of the following (in thousands):

June 30	2013		2012
Land, buildings and leasehold improvements	$	77,690	$	69,933
Machinery, equipment and other		156,539		142,495
Total		234,229		212,428
Less accumulated depreciation		139,209		129,865
Property, plant and equipment - net	$	95,020	$	82,563

Depreciation expense for the years ended June 30, 2013, 2012, and 2011 totaled $12.9 million, $10.8 million, and $10.9 million, respectively.

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Note 3 - Inventories

12 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

3. Inventories

Inventories are comprised of (in thousands):

June 30	2013		2012
Raw materials	$	37,906	$	33,208
Work in process		24,112		21,833
Finished goods		22,938		18,035
Total	$	84,956	$	73,076

Distribution costs associated with the sale of inventory are recorded as a component of selling, general and administrative expenses and were $20.9 million, $19.9 million, and $17.8 million in 2013, 2012, and 2011, respectively.

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Note 15 - Discontinued Operations

12 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

15. Discontinued OperationS

In December 2011, the Company decided to divest the ADP business unit. In connection with this decision, the Company adjusted the carrying value of ADP’s assets to their net realizable value based on a range of expected sale prices. As a result, the Company recorded goodwill impairment charges of $14.9 million and impairment charges of $5.0 million to fixed assets.

On March 30, 2012, ADP was sold to a private equity buyer for consideration of $16.1 million consisting of $13.1 million in cash and a $3.0 million note secured by first mortgages on three ADP facilities. During the quarter ended March 31, 2012, additional pre-tax charges of $2.6 million were taken in connection with the closing of the sale. These charges related primarily to the impairment of a non-cancellable lease liability that the buyer elected not to assume as part of the purchase.

Earnings (losses) from discontinued operations include the following results for the years ended June 30 (in thousands):

	Year Disposed	2013			2012			2011
Sales:
Air Distribution Products Group	2012	$	-		$	43,537		$	52,384
Income (loss) before taxes:
Air Distribution Products Group	2012		(451	)		(24,871	)		(2,841	)
Berean Christian Bookstores	2007		(12	)		(184	)		(635	)
Other loss from discontinued operations			(195	)		(269	)		(490	)
Income (loss) before taxes from discontinued operations			(658	)		(25,324	)		(3,966	)
(Provision) benefit for tax			184			9,322			1,307
Net income (loss) from discontinued operations		$	(474	)	$	(16,002	)	$	(2,659	)

Assets and liabilities related to discontinued operations to be retained by the Company are recorded in the Consolidated Balance Sheets at June 30 under the following captions (in thousands):

	2013
Current assets	$	483
Other non-current assets		3,000
Accrued expenses		795
Other non-current liabilities		3,219

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Note 11 - Commitments

12 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Commitments Disclosure [Text Block]

11. Commitments

The Company leases certain property and equipment under agreements with initial terms ranging from one to twenty years. Rental expense related to continuing operations for the years ended June 30, 2013, 2012, and 2011 was approximately $4.9 million, $4.8 million and $4.5 million, respectively.

The gross minimum annual rental commitments under non-cancelable operating leases, principally real-estate at June 30, 2013:

(in thousands)	Lease		Sublease		Net obligation
2014	$	5,390	$	778	$	4,612
2015		4,709		666		4,043
2016		3,581		356		3,225
2017		2,721		338		2,383
2018		1,467		185		1,282
Thereafter		3,491		-		3,491

In March 2012, the Company sold substantially all of the assets of its ADP business. In connection with the divestiture, the Company remained the lessee of ADP’s Philadelphia, PA facility and administrative offices, with the purchaser subleasing a fractional portion of the building at current market rates. In connection with the transaction, the Company recognized a lease impairment charge of $2.3 million for the remaining rental expense. The Company’s aggregate obligation with respect to the lease is $2.4 million, of which $1.7 million was recorded as a liability at June 30, 2013. Additionally, the Company remained an obligor on an additional facility lease that was assumed in full by the buyer, for which our aggregate obligation in the event of default by the buyer is $1.0 million. With the exception of the impaired portion of the Philadelphia lease, the Company does not expect to make any payments with respect to these obligations. The buyer’s obligations under the respective sublease and assumed lease are secured by a cross-default provision in the purchaser’s promissory note for a portion of the purchase price which is secured by mortgages on the ADP real estate sold in the transaction.

In connection with the ADP divestiture, the Company agreed to indemnify the buyer in the event a withdrawal liability is triggered for the multi employer pension plans by a future action of the buyer. The fair value of this indemnification, which was recorded in conjunction with the divestiture, is $1.9 million, determined based on actuarial estimates of the withdrawal liability and probability-weighted cash flows. The aggregate amount of our obligations in the event of withdrawal is $3.2 million at June 30, 2013.

In 2007, the Company sold substantially all the assets of the Berean Christian Stores (“Berean”) business. As the former owner of Berean, the Company is party under a number of operating leases which were assigned to the purchaser of the business for the remaining initial terms of the leases at the stated lease costs. The Company remained an obligor of these leases until the expiration of the initial terms. In June 2009, Berean filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code and, in July 2009, its assets were sold to a third party under Section 363 of the Code. The new owner of the Berean assets has infused capital into the business, and we believe the Berean bookstores can now be operated successfully as a going concern. As part of this transaction, the Company agreed to provide lease supplement payments to the new owner of the Berean assets through November 2011. The Company remained an obligor of the leases assumed by the new owner; however, our obligation was reduced for locations where the new owner was able to obtain rent concessions. In addition, the Company remains responsible for two sites formerly operated by Berean. Liabilities associated with these two leases, net of expected subleases at current market rates, is zero at June 30, 2013. The aggregate amount of our obligations in the event of default is $0.8 million at June 30, 2013.

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Note 12 - Contingencies (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Loss Contingency [Abstract]
Gain (Loss) Related to Litigation Settlement	$ (6.0)
Amount of settlement payment contributed by the company	2.6
Amount of settlement paid directly by insurers	$ 3.4

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Note 7 - Debt

12 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

7. Debt

Long-term debt is comprised of the following at June 30 (in thousands):

	2013		2012
Bank credit agreements	$	50,072	$	50,000
Other		-		-
Total		50,072		50,000
Less current portion		-		-
Total long-term debt	$	50,072	$	50,000

Long-term debt is due as follows (in thousands):

2014		-
2015		-
2016		-
2017	$	50,072
2018
Thereafter		-

Bank Credit Agreements

On January 5, 2012, the Company entered into a five-year $225 million unsecured Revolving Credit Facility (“Credit Agreement”), which includes a letter of credit sub-facility with a limit of $30 million and a $100 million accordion feature. The new credit facility replaced the company’s existing $150 million five-year credit agreement that was scheduled to expire in September 2012. Interest is payable on borrowings at either a LIBOR or base rate benchmark rate plus an applicable margin, which will fluctuate based on financial performance. The Credit Agreement requires a ratio of funded debt to EBITDA (as defined in the Credit Agreement) of no greater than 3.5:1, an interest coverage ratio of no less than 3:1, as well as customary affirmative and negative covenants and events of default. The Credit Agreement also includes certain requirements related to acquisitions and dispositions. Borrowings under the Credit Agreement are guaranteed by the Company’s domestic subsidiaries and are unsecured. The Company intends to use this Credit Agreement to fund potential acquisitions, to support organic growth initiatives, working capital needs, and for general corporate purposes.

As of June 30, 2013, the Company had the ability to borrow $164.2 million under this facility. The carrying value of the current borrowings under the facility approximated fair value.

The facility expires in January 2017 and contains customary representations, warranties and restrictive covenants, as well as specific financial covenants. The terms of the Credit Agreement limited the ability of the Company to pay dividends to shareholders unless the Company is in compliance with the specific financial covenants under the facility. The Company’s current financial covenants under the facility are as follows:

Interest Coverage Ratio - The Company is required to maintain a ratio of Earnings Before Interest and Taxes, as Adjusted (“Adjusted EBIT per the Credit Agreement”), to interest expense for the trailing twelve months of at least 3:1. Adjusted EBIT per the Credit Agreement specifically excludes extraordinary and certain other defined items such as non-cash restructuring and acquisition-related charges up to $2.0 million, and goodwill impairment. At June 30, 2013, the Company’s Interest Coverage Ratio was 27.48:1.

Leverage Ratio - The Company’s ratio of funded debt to trailing twelve month Adjusted EBITDA per the credit agreement, calculated as Adjusted EBIT per the Credit Agreement plus Depreciation and Amortization, may not exceed 3.5:1. At June 30, 2013, the Company’s Leverage Ratio was 0.73:1.

Other Long-Term Borrowings

The Company was a borrower under industrial revenue bonds totaling $3.3 million at June 30, 2011. Because these bonds were remarketed on a monthly basis and a failed remarketing would trigger repayment of the bonds via a renewable letter of credit arrangement, they were classified as a current liability. The Company repaid the bonds without penalty during 2012.

At June 30, 2013, and 2012, the Company had standby letters of credit outstanding, primarily for insurance purposes, of $10.7 million and $9.5 million, respectively.

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Note 3 - Inventories (Details) - Inventories (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Inventories [Abstract]
Raw materials	$ 37,906	$ 33,208
Work in process	24,112	21,833
Finished goods	22,938	18,035
Total	$ 84,956	$ 73,076

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Note 18 - Industry Segment Information (Details) - Industry segments (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Note 18 - Industry Segment Information (Details) - Industry segments [Line Items]
Net Sales	$ 183,275	$ 165,970	$ 168,629	$ 183,386	$ 169,800	$ 150,666	$ 154,868	$ 159,306	$ 701,260	$ 634,640	$ 581,369
Long-lived assets	95,020				82,563				95,020	82,563	88,750
United States [Member]
Note 18 - Industry Segment Information (Details) - Industry segments [Line Items]
Net Sales									515,918	490,302	468,688
Long-lived assets	61,367				62,984				61,367	62,984	68,114
Other Segments [Member]
Note 18 - Industry Segment Information (Details) - Industry segments [Line Items]
Net Sales									27,161	29,741	27,300
Long-lived assets	7,848				5,570				7,848	5,570	6,316
Asia [Member]
Note 18 - Industry Segment Information (Details) - Industry segments [Line Items]
Net Sales									47,451	25,122	31,067
Long-lived assets	3,859				2,325				3,859	2,325	2,182
Europe [Member]
Note 18 - Industry Segment Information (Details) - Industry segments [Line Items]
Net Sales									110,730	89,475	54,314
Long-lived assets	$ 21,946				$ 11,684				$ 21,946	$ 11,684	$ 12,138

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Note 5 - Goodwill

12 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Goodwill Disclosure [Text Block]

5. Goodwill

Goodwill and certain indefinite-lived intangible assets are not amortized, but instead are tested for impairment at least annually and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than its carrying amount of the asset. The Company’s annual test for impairment is performed using a May 31st measurement date.

The Company has identified our reporting units for impairment testing as its eleven operating segments, which are aggregated into five reporting segments as disclosed in Note 18 – Industry Segment Information.

As quoted market prices are not available for the Company’s reporting units, the fair value of the reporting units is determined using a discounted cash flow model (income approach). This method uses various assumptions that are specific to each individual reporting unit in order to determine the fair value. In addition, the Company compares the estimated aggregate fair value of its reporting units to its overall market capitalization.

While the Company believes that estimates of future cash flows are reasonable, changes in assumptions could significantly affect valuations and result in impairments in the future. The most significant assumption involved in the Company’s determination of fair value is the cash flow projections of each reporting unit. Certain reporting units have been significantly impacted by the current global economic downturn. If the effects of the current global economic environment are protracted or the recovery is slower than projected, estimates of future cash flows for each reporting unit may be insufficient to support the carrying value of the reporting units, requiring the Company to re-assess its conclusions related to fair value and the recoverability of goodwill.

As a result of our annual assessment, the Company determined that the fair value of the reporting units and indefinite-lived intangible assets exceeded their respective carrying values. Therefore, no impairment charges were recorded in connection with our assessments during 2013 and 2012.

In connection with the divestiture of the Air Distribution Products (“ADP”) business, the Company determined that, based on the net realizable value of the business in the transaction, the goodwill of the ADP reporting unit was impaired. As such, the Company recognized $14.9 million in impairment charges in discontinued operations during the second quarter of 2012.

Changes to goodwill during the years ended June 30, 2013 and 2012 are as follows (in thousands):

	2013			2012
Balance at beginning of year	$	118,572		$	120,378
Accumulated impairment losses		17,939			17,939
Balance at beginning of year, net		100,633			102,439
Acquisitions		12,063			-
Measurement period adjustments and other		-			(263	)
Foreign currency translation		(791	)		(1,543	)
Balance at end of year	$	111,905		$	100,633

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Note 6 - Intangible Assets

12 Months Ended

Jun. 30, 2013

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

6. Intangible Assets

Intangible assets consist of the following (in thousands):

	Customer Relationships			Trademarks (Indefinite-lived)		Other			Total
June 30, 2013
Cost	$	31,850		$	12,878	$	4,228		$	48,956
Accumulated amortization		(19,529	)		-		(3,590	)		(23,119	)
Balance, June 30, 2013	$	12,321		$	12,878	$	638		$	25,837
June 30, 2012
Cost	$	27,062		$	9,406	$	3,846		$	40,314
Accumulated amortization		(17,003	)		-		(3,493	)		(20,496	)
Balance, June 30, 2012	$	10,059		$	9,406	$	353		$	19,818

Amortization expense (excluding impairment) for the years ended June 30, 2013, 2012, and 2011 totaled $2.7 million, $2.7 million, and $2.4 million, respectively. At June 30, 2013, aggregate amortization expense is estimated to be $2.5 million in fiscal 2014, $2.2 million in fiscal 2015, $1.8 million in fiscal 2016, $1.4 million in fiscal 2017, $1.3 million in fiscal 2018, and $3.8 million thereafter.

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Note 8 - Accrued Liabilities

12 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

8. Accrued LIABILITIES

Accrued expenses consist of the following (in thousands):

	2013		2012
Payroll and employee benefits	$	25,754	$	27,110
Workers' compensation		2,489		3,325
Warranty		7,112		6,083
Other		11,626		14,606
Total	$	46,981	$	51,124

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Note 5 - Goodwill (Details) - Goodwill (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Goodwill [Abstract]
Balance at beginning of year	$ 118,572	$ 120,378
Accumulated impairment losses	17,939	17,939
Balance at beginning of year, net	100,633	102,439
Acquisitions	12,063
Measurement period adjustments and other		(263)
Foreign currency translation	(791)	(1,543)
Balance at end of year	$ 111,905	$ 100,633

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Note 13 - Stock-based compensation and purchase plans (Details) (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
	$ 3,343,000	$ 3,768,000	$ 3,805,000
Deferred Tax Expense from Stock Options Exercised	1,200,000	1,300,000	1,300,000
Common Stock, Capital Shares Reserved for Future Issuance (in Shares)	565,200
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	44,388
Total intrinsic value, exercised/vested	3,525,711
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares)	172,490	207,989
Restricted Stock Awards [Member] | Executive Compensation Program [Member]
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$ 55.61	$ 40.78	$ 29.36
Restricted Stock Awards [Member]
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
	1,500,000	1,400,000	1,400,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	44,388	52,884	62,817
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$ 44.59	$ 29.05	$ 24.22
Total intrinsic value, exercised/vested	3,500,000	2,400,000	1,600,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	2,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	350 days
Performance Stock Units [Member] | Executive Compensation Program [Member]
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
	1,300,000	2,100,000	2,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$ 44.20	$ 26.60	$ 23.49
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	600,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 87 days
Performance Stock Units [Member]
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	15,337
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares)	41,004	86,220
Executive Compensation Program [Member]
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
	600,000	400,000	400,000
Total intrinsic value, exercised/vested	3,100,000	5,400,000	2,500,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 700,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 43 days
Percent of participants annual incentive compensation required to defer	20.00%
Percent of participants annual incentive compensation participants may elect to defer, maximum	50.00%
Expiration of restrictions on units	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares)	105,967	94,916
Executive Compensation Program [Member] | Minimum [Member]
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
Shares of common stock iIssued determined by adjustment of target range, percent	50.00%
Executive Compensation Program [Member] | Maximum [Member]
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
Shares of common stock iIssued determined by adjustment of target range, percent	200.00%
Employee Stock Purchase Plan [Member]
Note 13 - Stock-based compensation and purchase plans (Details) [Line Items]
Percent of fair market value at which employees may purchase shares of stock	95.00%
Stock reserved for employee stock purchase plan (in Shares)	102,363
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in Shares)	5,813	9,185	12,044
Stock issued during period average price (in Dollars per share)	$ 48.16	$ 34.48	$ 28.32

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Note 6 - Intangible Assets (Details) - Intangible assets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Note 6 - Intangible Assets (Details) - Intangible assets [Line Items]
Cost	$ 48,956	$ 40,314
Accumulated amortization	(23,119)	(20,496)
Balance, June 30	25,837	19,818
Trademarks (Indefinite-Lived) [Member]
Note 6 - Intangible Assets (Details) - Intangible assets [Line Items]
Cost	12,878	9,406
Balance, June 30	12,878	9,406
Customer Relationships [Member]
Note 6 - Intangible Assets (Details) - Intangible assets [Line Items]
Cost	31,850	27,062
Accumulated amortization	(19,529)	(17,003)
Balance, June 30	12,321	10,059
Other Intangible Assets [Member]
Note 6 - Intangible Assets (Details) - Intangible assets [Line Items]
Cost	4,228	3,846
Accumulated amortization	(3,590)	(3,493)
Balance, June 30	$ 638	$ 353

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Note 17 - Employee Benefit Plans (Details) - Target asset allocations	12 Months Ended
	Jun. 30, 2013
United States [Member] | Equity Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	35.00%
United States [Member] | Debt Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	30.00%
United States [Member] | Global Balanced Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	25.00%
United States [Member] | Other Plan Asset [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	10.00%
United States [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	100.00%
United Kingdom [Member] | Equity Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	33.00%
United Kingdom [Member] | Debt Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	67.00%
United Kingdom [Member] | Global Balanced Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	0.00%
United Kingdom [Member] | Other Plan Asset [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	0.00%
United Kingdom [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	100.00%
Ireland [Member] | Equity Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	70.00%
Ireland [Member] | Debt Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	20.00%
Ireland [Member] | Global Balanced Securities [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	0.00%
Ireland [Member] | Other Plan Asset [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	10.00%
Ireland [Member]
Note 17 - Employee Benefit Plans (Details) - Target asset allocations [Line Items]
Defined benefit plan, target allocations	100.00%

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Note 5 - Goodwill (Details) (USD $)	3 Months Ended	12 Months Ended		3 Months Ended
	Dec. 30, 2011	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2011 Air Distribution Products [Member]
Note 5 - Goodwill (Details) [Line Items]
Number of Operating Segments		11
Number of Reportable Segments		5
Goodwill, Impairment Loss	$ 14,900,000	$ 0	$ 0	$ 14,900,000

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Note 15 - Discontinued Operations (Details) - Assets and liabilities related to discontinued operations (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
Assets and liabilities related to discontinued operations [Abstract]
Current assets	$ 483
Other non-current assets	3,000
Accrued expenses	795
Other non-current liabilities	$ 3,219

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Note 4 - Property, plant and equipment (Tables)

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

June 30	2013		2012
Land, buildings and leasehold improvements	$	77,690	$	69,933
Machinery, equipment and other		156,539		142,495
Total		234,229		212,428
Less accumulated depreciation		139,209		129,865
Property, plant and equipment - net	$	95,020	$	82,563

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Note 1 - Summary of Accounting Policies (Details) - Useful lives for property, plant and equipment	12 Months Ended
	Jun. 30, 2013
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant and equipment	40 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant and equipment	50 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant and equipment	8 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant and equipment	15 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant and equipment	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant and equipment	10 years
Computer hardware and software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant and equipment	3 years
Computer hardware and software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant and equipment	7 years

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Note 13 - Stock-based compensation and purchase plans

12 Months Ended

Jun. 30, 2013

Share-based Arrangements with Employees and Nonemployees [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

13. stock-based compensation and purchase plans

Stock-Based Compensation Plans

Under incentive compensation plans, the Company is authorized to make grants of stock options, restricted stock and performance share units to provide equity incentive compensation to key employees and directors. In fiscal 2004, the Company began granting stock awards instead of stock options. The stock award program offers employees and directors the opportunity to earn shares of our stock over time, rather than options that give the employees and directors the right to purchase stock at a set price. The Company has stock plans for directors, officers and certain key employees.

Total compensation cost recognized in income for equity based compensation awards was $3.3 million, $3.8 million, and $3.8 million for the years ended June 30, 2013, 2012 and 2011, respectively, primarily within Selling, General, and Administrative Expenses. The total income tax benefit recognized in the consolidated statement of operations for equity-based compensation plans was $1.2 million, $1.3 million, and $1.3 million for the years ended June 30, 2013, 2012 and 2011, respectively.

565,200 shares of common stock were reserved for issuance under various compensation plans at June 30, 2013.

Restricted Stock Awards

The Company may award shares of restricted stock to eligible employees and non-employee directors of the Company at no cost, giving them in most instances all of the rights of stockholders, except that they may not sell, assign, pledge or otherwise encumber such shares and rights during the restriction period. Such shares and rights are subject to forfeiture if certain employment conditions are not met. During the restriction period, recipients of the shares are entitled to dividend equivalents on such shares, providing that such shares are not forfeited. Dividends are accumulated and paid out at the end of the restriction period. During 2013, 2012 and 2011, the Company granted 44,388, 52,884, and 62,817 shares, respectively, of restricted stock to eligible participants. Restrictions on the stock awards generally lapse between fiscal 2014 and fiscal 2016. For the years ended June 30, 2013, 2012 and 2011, $1.5 million, $1.4 million, and $1.4 million, respectively, was recognized as compensation expense related to restricted stock awards. Substantially all awards are expected to vest.

A summary of restricted stock awards activity during the year ended June 30, 2013 is as follows:

	Restricted Stock Awards
	Number of Shares			Aggregate Intrinsic Value
Outstanding, June 30, 2012		207,989		$	8,854,092
Granted		44,388
Exercised / vested		(78,337	)		3,525,711
Canceled		(1,550	)
Outstanding, June 30, 2013		172,490		$	9,098,848

Restricted stock awards granted during 2013, 2012 and 2011 had a weighted average grant date fair value of $44.59, $29.05, and $24.22, respectively. The grant date fair value of restricted stock awards is determined based on the closing price of the Company’s common stock on the date of grant. The total intrinsic value of awards exercised during the years ended June 30, 2013, 2012, and 2011 was $3.5 million, $2.4 million, and $1.6 million, respectively.

As of June 30, 2013, there was $2.0 million of unrecognized compensation costs related to awards expected to be recognized over a weighted-average period of 0.96 years.

Executive Compensation Program

The Company operates a compensation program for key employees. The plan contains both an annual component as well as long-term component. Under the annual component, participants are required to defer 20% (and may elect to defer up to 50%) of their annual incentive compensation in restricted stock which is purchased at a discount to the market. Additionally, non-employee directors of the Company may defer a portion of their director’s fees in restricted stock units which is purchased at a discount to the market. During the restriction period, recipients of the shares are entitled to dividend equivalents on such units, providing that such shares are not forfeited. Dividend equivalents are accumulated and paid out at the end of the restriction period. The restrictions on the units expire after three years. At June 30, 2013 and 2012 respectively, 105,967 and 94,916 shares of restricted stock units are outstanding and subject to restrictions that lapse between fiscal 2014 and fiscal 2016. The compensation expense associated with this incentive program is charged to income over the restriction period. The Company recorded compensation expense related to this program of $0.6 million, $0.4 million, and $0.4 million for the years ended June 30, 2013, 2012 and 2011, respectively.

As of June 30, 2013, there was $0.7 million of unrecognized compensation costs related to awards expected to be recognized over a weighted-average period of 1.12 years

The fair value of the awards under the annual component of this incentive program is measured using the Black-Scholes option-pricing model. Key assumptions used to apply this pricing model are as follows:

	2013			2012			2011
Risk-free interest rates		0.25	%		0.25	%		0.68	%
Expected life of option grants (in years)		3			3			3
Expected volatility of underlying stock		47.4	%		63.2	%		65.4	%
Expected quarterly dividends (per share)	$	0.07		$	0.06		$	0.05

Under the long-term component, grants of performance share units (“PSUs”) are made annually to key employees and the share units are earned based on the achievement of certain overall corporate financial performance targets over the performance period. At the end of the performance period, the number of shares of common stock issued will be determined by adjusting upward or downward from the target in a range between 50% and 200%. No shares will be issued if the minimum performance threshold is not achieved. The final performance percentage, on which the payout will be based, considering the performance metrics established for the performance period, will be certified by the Compensation Committee of the Board of Directors.

The awards granted by the Committee provided that the PSUs will be converted to shares of common stock if the Company’s EBITDA (earnings before interest, taxes, depreciation and amortization) and return on assets meet specified levels approved by the Committee. A participant’s right to any shares that are earned will vest in three equal installments. An executive whose employment terminates prior to the vesting of any installment for a reason other than death, disability, retirement, or following a change in control, will forfeit the shares represented by that installment. In certain circumstances, such as death, disability, or retirement, PSUs are paid on a pro-rata basis. In the event of a change in control, vesting of the awards granted is accelerated.

A summary of the awards activity under the executive compensation program during the year ended June 30, 2013 is as follows:

	Annual Component							Performance Stock Units
	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Number of Shares			Aggregate Intrinsic Value
Non-vested, June 30, 2012		94,916		$	17.89	$	2,342,302		86,220		$	3,670,385
Granted		33,654			31.93				15,337
Vested		(22,603	)		11.66		777,470		(58,389	)		3,080,038
Expired		0			-				(2,164	)
Non-vested, June 30, 2013		105,967		$	23.68	$	1,683,260		41,004		$	2,162,926

Restricted stock awards granted under the annual component of this program in fiscal 2013, 2012, and 2011 had a grant date fair value of $55.61, $40.78, and $29.36, respectively. The PSUs granted in fiscal 2013, 2012 and 2011 had a grant date fair value of $44.20, $26.60, and $23.49, respectively. The total intrinsic value of awards vested under the executive compensation program during the years ended June 30, 2013, 2012 and 2011 was $3.1 million, $5.4 million, and $2.5 million, respectively.

The Company recognized compensation expense related to the PSUs of $1.3 million, $2.1 million, and $2.0 million for the years ended June 30, 2013, 2012 and 2011, respectively. The total unrecognized compensation costs related to non-vested performance share units was $0.6 million at June 30, 2013, which is expected to be recognized over a weighted average period of 1.24 years.

Employee Stock Purchase Plan

The Company has an Employee Stock Purchase Plan that allows employees to purchase shares of common stock of the Company at a discount from the market each quarter. Shares of our stock may be purchased by employees quarterly at 95% of the fair market value on the last day of each quarter. Shares of stock reserved for the plan were 102,363 at June 30, 2013. Shares purchased under this plan aggregated 5,813, 9,185, and 12,044 in 2013, 2012 and 2011, respectively, at an average price of $48.16, $34.48, and $28.32, respectively.

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Note 18 - Industry Segment Information

12 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

18. Industry Segment Information

The Company has determined that it has five reportable segments organized around the types of product sold:

• Food Service Equipment Group– an aggregation of seven operating segments that manufacture and sell commercial food service equipment.

• Engraving Group – provides mold texturizing, roll engraving and process machinery for a number of industries.

• Engineering Technologies Group – provides customized solutions in the fabrication and machining of engineered components for the aerospace, energy, aviation, medical, oil and gas, and general industrial markets.

• Electronics Products Group – manufacturing and selling of electronic components for applications throughout the end-user market spectrum.

• Hydraulics Products Group – manufacturing and selling of single- and double-acting telescopic and piston rod hydraulic cylinders.

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 has concluded that it would not 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, audit fees and pension expense. 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 

	Net Sales						Depreciation and Amortization
	2013		2012		2011		2013		2012		2011
Food Service Equipment	$	394,878	$	388,813	$	365,523	$	5,242	$	5,342	$	5,832
Engraving		93,380		93,611		85,258		3,226		3,293		3,525
Engineering Technologies		74,838		74,088		61,063		3,288		3,188		1,951
Electronics Products Group		108,085		48,206		46,600		2,986		878		1,105
Hydraulics Products Group		30,079		29,922		22,925		566		518		530
Corporate and Other		-		-		-		239		271		331
Total	$	701,260	$	634,640	$	581,369	$	15,547	$	13,490	$	13,274

	Income (Loss) From Operations									Capital Expenditures
	2013			2012			2011			2013		2012		2011
Food Service Equipment	$	39,467		$	39,613		$	37,915		$	3,192	$	2,513	$	2,806
Engraving		15,596			17,896			14,182			5,106		2,223		1,014
Engineering Technologies		13,241			14,305			12,606			1,734		2,577		2,177
Electronics Products Group		16,147			8,715			7,551			3,243		963		551
Hydraulics Products Group		4,968			4,403			2,436			580		304		423
Restructuring charge		(2,666	)		(1,685	)		(1,843	)		-		-		-
Gain on sale of real estate		-			4,776			3,368			-		-		-
Corporate		(22,924	)		(23,443	)		(20,959	)		568		13		48
Total	$	63,829		$	64,580		$	55,256		$	14,423	$	8,593	$	7,019
Interest expense		(2,469	)		(2,280	)		(2,107	)
Other, net		(128	)		519			(201	)
Income from continuing operations before income taxes	$	61,232		$	62,819		$	52,948

	Goodwill				Identifiable Assets
	2013		2012		2013		2012
Food Service Equipment	$	45,790	$	45,793	$	192,895	$	192,799
Engraving		20,614		20,618		88,064		94,738
Engineering Technologies		10,861		11,206		68,597		71,463
Electronics Products Group		31,582		19,957		94,369		43,285
Hydraulics Products Group		3,058		3,059		15,250		14,432
Corporate & Other		-		-		51,398		63,094
Total	$	111,905	$	100,633	$	510,573	$	479,811

Net sales	2013		2012		2011
United States	$	515,918	$	490,302	$	468,688
Asia		47,451		25,122		31,067
Europe		110,730		89,475		54,314
Other		27,161		29,741		27,300
Total	$	701,260	$	634,640	$	581,369

Long-lived assets	2013		2012		2011
United States	$	61,367	$	62,984	$	68,114
Asia		3,859		2,325		2,182
Europe		21,946		11,684		12,138
Other		7,848		5,570		6,316
Total	$	95,020	$	82,563	$	88,750

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Note 16 - Restructuring (Details) - Summary of activity in reserves related to restructuring initiatives (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Current Year Restructuring Initiatives [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Note 16 - Restructuring (Details) - Summary of activity in reserves related to restructuring initiatives [Line Items]
Restructuring Liabilities, period end	$ 10
Additions	1,299
Payments	(1,289)
Current Year Restructuring Initiatives [Member] | Other Restructuring [Member]
Note 16 - Restructuring (Details) - Summary of activity in reserves related to restructuring initiatives [Line Items]
Additions	1,367
Payments	(1,367)
Current Year Restructuring Initiatives [Member]
Note 16 - Restructuring (Details) - Summary of activity in reserves related to restructuring initiatives [Line Items]
Restructuring Liabilities, period end	10
Additions	2,666
Payments	(2,656)
Prior Year Initiatives [Member] | Involuntary Employee Severance And Benefit Costs [Member]
Note 16 - Restructuring (Details) - Summary of activity in reserves related to restructuring initiatives [Line Items]
Restructuring Liabilities, period start	41	10
Restructuring Liabilities, period end		41
Additions		988
Payments	(41)	(957)
Prior Year Initiatives [Member] | Other Restructuring [Member]
Note 16 - Restructuring (Details) - Summary of activity in reserves related to restructuring initiatives [Line Items]
Additions		627
Payments		(627)
Prior Year Initiatives [Member]
Note 16 - Restructuring (Details) - Summary of activity in reserves related to restructuring initiatives [Line Items]
Restructuring Liabilities, period start	41	10
Restructuring Liabilities, period end		41
Additions		1,615
Payments	$ (41)	$ (1,584)

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Note 1 - Summary of Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Accounting Policies [Abstract]
Trading Securities, Cost (in Dollars)	$ 2.5	$ 3.5
Research and Development Expense (in Dollars)	$ 4.4	$ 4.4	$ 4.0
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years

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Note 17 - Employee Benefit Plans (Details) - Funded status of postretirement benefit plans (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Change in benefit obligation
Service cost	$ 13	$ 19	$ 12
Interest cost	49	101	106
Postretirement Benefit Other Than Pensions [Member]
Change in benefit obligation
Benefit obligation	2,002	1,808
Service cost	13	19
Interest cost	49	101
Employer contribution	86	114
Plan participants' contribution	34	36
Actuarial loss (gain)	4	188
Curtailment	(78)
Settlement	(1,712)
Benefits paid	(120)	(150)
Funded Status	(192)	(2,002)
Benefit obligation	192	2,002
consist of:
Current liabilities	(36)	(135)
Non-current liabilities	(156)	(1,867)
Net amount recognized	(192)	(2,002)
Unrecognized net actuarial loss	(65)	(710)
Unrecognized transition obligation		240
Net amount recognized	$ (65)	$ (470)

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Note 11 - Commitments (Tables)

12 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

(in thousands)	Lease		Sublease		Net obligation
2014	$	5,390	$	778	$	4,612
2015		4,709		666		4,043
2016		3,581		356		3,225
2017		2,721		338		2,383
2018		1,467		185		1,282
Thereafter		3,491		-		3,491

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Note 18 - Industry Segment Information (Details)	12 Months Ended
	Jun. 30, 2013
Note 18 - Industry Segment Information (Details) [Line Items]
Number of Reportable Segments	5
Number of Operating Segments	11
Food Service Equipment Group [Member]
Note 18 - Industry Segment Information (Details) [Line Items]
Number of Operating Segments	7

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Net income (loss)	$ 44,848	$ 30,905	$ 35,367
Defined benefit pension plans:
Actuarial gains (losses) and other changes in unrecognized costs	12,640	(38,283)	14,971
Amortization of unrecognized costs	8,701	5,603	5,193
Derivative instruments:
Change in unrealized gains and losses	(195)	(1,987)	(1,295)
Amortization of unrealized gains and losses into interest expense	1,050	820	780
Foreign currency translation adjustments	(4,025)	(7,847)	9,075
Other comprehensive income (loss) before tax	18,171	(34,667)	28,724
Defined benefit pension plans:
Actuarial gains (losses) and other changes in unrecognized costs	(4,836)	13,848	(5,428)
Amortization of unrecognized costs	(3,165)	(2,793)	(1,933)
Derivative instruments:
Change in unrealized gains and losses	75	752	434
Amortization of unrealized gains and losses into interest expense	(400)	(310)	(269)
Income tax provision benefit to other comprehensive income (loss)	(8,326)	11,497	(7,196)
Other comprehensive income (loss), net of tax	9,845	(23,170)	21,528
Comprehensive income (loss)	$ 54,693	$ 7,735	$ 56,895

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Note 13 - Stock-based compensation and purchase plans (Details) - Summary of awards activity under the executive compensation program (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Note 13 - Stock-based compensation and purchase plans (Details) - Summary of awards activity under the executive compensation program [Line Items]
Number of Shares	172,490	207,989
Aggregate Intrinsic Value (in Dollars)	$ 9,098,848	$ 8,854,092
Granted	44,388
Vested	(78,337)
Expired	(1,550)
Annual Component [Member]
Note 13 - Stock-based compensation and purchase plans (Details) - Summary of awards activity under the executive compensation program [Line Items]
Number of Shares	105,967	94,916
Weighted Average Exercise Price (in Dollars per share)	$ 23.68	$ 17.89
Aggregate Intrinsic Value (in Dollars)	1,683,260	2,342,302
Granted	33,654
Granted (in Dollars per share)	$ 31.93
Vested	(22,603)
Vested (in Dollars per share)	$ 11.66
Vested (in Dollars)	777,470
Expired	0
Performance Stock Units [Member]
Note 13 - Stock-based compensation and purchase plans (Details) - Summary of awards activity under the executive compensation program [Line Items]
Number of Shares	41,004	86,220
Aggregate Intrinsic Value (in Dollars)	2,162,926	3,670,385
Granted	15,337
Vested	(58,389)
Vested (in Dollars)	$ 3,080,038
Expired	(2,164)

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Note 2 - Acquisitions

12 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

2. Acquisitions

In July 2012, the Company acquired Meder electronic AG (“Meder”), a German manufacturer of magnetic reed switch, reed relay, and reed sensor products. Meder, whose products and geographic markets are complementary to Standex Electronics, is reported under the Electronics Products Group. This investment substantially broadens the global footprint, product line offerings, and end-user markets of the Electronics segment.

The Company paid $43.2 million in cash for 100% of the equity of Meder. Acquired intangible assets of $8.2 million consist of $3.4 million of trademarks, which are indefinite-lived, and $4.8 million of customer relationships, which are expected to be amortized over a period of 10 years. Acquired goodwill of $12.1 million is not deductible for income tax purposes due to the nature of the transaction. The Company finalized the purchase price allocation during the quarter ended December 31, 2012.

The components of the fair value of the Meder acquisition, including the initial allocation of the purchase price and subsequent measurement period adjustments, are as follows (in thousands):

	Preliminary Allocation			Adjustments			Meder Electronic
Fair value of business combination:
Cash payments	$	42,103		$	1,078		$	43,181
Less: cash acquired		(3,568	)		-			(3,568	)
Total	$	38,535		$	1,078		$	39,613
Identifiable assets acquired and liabilities assumed
Current Assets	$	20,246		$	-		$	20,246
Property, plant, and equipment		10,651			409			11,060
Identifiable intangible assets		8,200			-			8,200
Goodwill		11,131			932			12,063
Other non-current assets		222			-			222
Liabilities Assumed		(8,682	)		40			(8,642	)
Deferred taxes		(3,233	)		(303	)		(3,536	)
Total	$	38,535		$	1,078		$	39,613

In March 2011, the Company acquired Metal Spinners Group, Ltd. (“Metal Spinners”), a U.K.-based metal fabrication supplier. Metal Spinners, which uses technology similar to Spincraft, is reported under the Engineering Technologies Group. The acquisition provides the Company with access to new end-user and geographic markets in the medical, general industrial and oil and gas markets in the U.S., U.K., Europe, and China.

The Company paid $23.9 million in cash for 100% of the equity of Metal Spinners. Acquired intangible assets of $5.7 million consist entirely of customer relationships, which are expected to be amortized over a weighted average period of 8.66 years.

The components of the fair value of the Metal Spinners acquisition and final allocation reported at June 30, 2011 are as follows (in thousands):

	Metal Spinners Group
Fair value of business combination:
Cash payments	$	23,887
Less: cash acquired		(1,652	)
Total	$	22,235
Identifiable assets acquired and liabilities assumed
Current assets	$	5,349
Property, plant, and equipment		6,534
Identifiable intangible assets		5,727
Goodwill		11,288
Deferred taxes		(2,837	)
Liabilities assumed		(3,826	)
Total	$	22,235

Subsequent to acquisition, revenues and earnings for Metal Spinners in 2011 were $6.4 million and $0.2 million, respectively. Included in earnings are $0.7 million of purchase accounting-related expenses.

Other 2011 Acquisitions

The Company made three additional acquisitions during 2011 – two in the Engraving Group and one in the Food Service Equipment Group. Total consideration transferred in the aggregate for these acquisitions was $4.7 million. Acquired intangible assets of $1.6 million consist of $1.0 million of amortizing intangible assets expected to be amortized over a weighted average period of 12.38 years.

The components of the fair value of other 2011 acquisitions and the final allocation of their purchase price are as follows (in thousands):

	Other
Fair value of business combination:
Cash payments	$	4,368
Deferred consideration		350
Total	$	4,718
Identifiable assets acquired and liabilities assumed
Current assets	$	1,705
Property, plant, and equipment		518
Identifiable intangible assets		1,619
Goodwill		1,368
Liabilities assumed		(492	)
Total	$	4,718

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Note 2 - Acquisitions (Details) - Components of fair value of acquisitions and allocation of purchase price (USD $) In Thousands, unless otherwise specified	12 Months Ended			1 Months Ended	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2011	Jun. 30, 2012	Mar. 31, 2011 Metal Spinners Group [Member]	Jun. 30, 2011 Metal Spinners Group [Member]	Jun. 30, 2011 Other Acquisitions [Member]
Note 2 - Acquisitions (Details) - Components of fair value of acquisitions and allocation of purchase price [Line Items]
Cash payments				$ 23,900	$ 23,887	$ 4,368
Deferred consideration						350
Less: cash acquired					(1,652)
Total	39,613	26,603			22,235	4,718
Current assets					5,349	1,705
Property, plant, and equipment					6,534	518
Identifiable intangible assets		1,600		5,700	5,727	1,619
Goodwill	111,905	102,439	100,633		11,288	1,368
Deferred taxes					(2,837)
Liabilities assumed					(3,826)	(492)
Total					$ 22,235	$ 4,718

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Note 11 - Commitments (Details) (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Note 11 - Commitments (Details) [Line Items]
Operating Leases, Rent Expense, Net	$ 4,900,000	$ 4,800,000	$ 4,500,000
Standex Air Distribution Products, Inc. [Member]
Note 11 - Commitments (Details) [Line Items]
Impairment of Leasehold	2,300,000
Aggregate lease obligation	2,400,000
Lease liabilities	1,700,000
Aggregate amount of obligations in the event of default	1,000,000
Fair value of indemnification	1,900,000
Aggregate amount of obligation in the event of withdrawal	3,200,000
Berean Christian Stores [Member]
Note 11 - Commitments (Details) [Line Items]
Lease liabilities	0
Aggregate amount of obligation in the event of withdrawal	$ 800,000
Minimum [Member]
Note 11 - Commitments (Details) [Line Items]
Lease initial terms	1 year
Maximum [Member]
Note 11 - Commitments (Details) [Line Items]
Lease initial terms	20 years

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Note 17 - Employee Benefit Plans (Details) - Components of Net Periodic Benefit Cost (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Components of Net Periodic Benefit Cost [Abstract]
Service Cost	$ 13	$ 19	$ 12
Interest Cost	49	101	106
Recognized net actuarial gain	(24)	(55)	(57)
Curtailment	51
Plan Settlement	(2,329)
Amortization of transition obligation	112	223	223
Net periodic benefit cost	$ (2,128)	$ 288	$ 284

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Note 7 - Debt (Details) - Maturities of long-term debt (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
Maturities of long-term debt [Abstract]
2017	$ 50,072

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Note 19 - Gain on Sale of Real Estate

12 Months Ended

Jun. 30, 2013

Gain On Sale Of Real Estate [Abstract]

Gain On Sale Of Real Estate [Text Block]

19. Gain on Sale of Real Estate

During, 2012, the Company completed the sale of an Engraving Group facility in Sao Paolo, Brazil, which will be replaced by a leased facility more suited to the Company’s operational needs. Proceeds from the sale were $5.1 million and the sale resulted in a pre-tax gain of $4.8 million, net of related costs.

During 2011, the Company completed the sale of a parcel of real estate in Lyon, France, on which it had previously operated an Engraving Group facility. Proceeds from the sale were $4.9 million and the sale resulted in a pre-tax gain of $3.4 million, net of related costs.

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Note 10 - Income Taxes (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Note 10 - Income Taxes (Details) [Line Items]
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount	$ 0.4		$ 0.2
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount	0.3	0.4
Lapse of applicable statute of limitations	1.0	1.3	0.3
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	2.8	4.5
Benefit as part of deferred tax provision related to a change in estimated state rate used to calculate deferred balances			0.3
Valuation Allowances and Reserves, Period Increase (Decrease)	(0.3)	0.6	(0.2)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Amount	2.0	0.7
Undistributed Earnings of Foreign Subsidiaries	102.8
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	0.1	0.1
Indefinite Lived [Member] | Foreign Tax Authority [Member]
Note 10 - Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	1.3
Ten Years [Member] | Foreign Tax Authority [Member]
Note 10 - Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	0.4
Five Years [Member] | Foreign Tax Authority [Member]
Note 10 - Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	0.9
State and Local Jurisdiction [Member]
Note 10 - Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	34.3
Tax Credit Carryforward, Amount	1.7
Foreign Tax Authority [Member]
Note 10 - Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	$ 2.6

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Note 8 - Accrued Liabilities (Tables)

12 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

	2013		2012
Payroll and employee benefits	$	25,754	$	27,110
Workers' compensation		2,489		3,325
Warranty		7,112		6,083
Other		11,626		14,606
Total	$	46,981	$	51,124

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Note 12 - Contingencies

12 Months Ended

Jun. 30, 2013

Loss Contingency [Abstract]

Contingencies Disclosure [Text Block]

12. Contingencies

In March, 2013, the Company entered into a settlement agreement to terminate the redhibition action that had been pending in Lafayette, Louisiana since August, 2008. The plaintiff, Ultra Pure Water Technologies, Inc. (“Ultra Pure”) had filed a suit against the Company seeking lost profit damages for alleged defects in Master-Bilt ice merchandisers that were sold to Master-Bilt’s customer, which then sold them to Ultra Pure. A settlement was reached during trial. The terms of the settlement provide that all claims against the Company are dismissed with prejudice, in exchange for a payment of $6.0 million, of which the Company contributed $2.6 million, net of $3.4 million paid directly by insurers in the matter. The Company has recorded the $2.6 million payment during the third quarter as a component of selling, general, and administrative expenses, and paid such amount during the fourth quarter of 2013. No fault or liability on the part of the Company is admitted under the terms of the settlement. The court has approved the terms of the settlement.

From time to time, the Company is subject to various claims and legal proceedings, including claims related to environmental remediation, either asserted or unasserted, that arise in the ordinary course of business. While the outcome of these proceedings and claims cannot be predicted with certainty, the Company’s management does not believe that the outcome of any of the currently existing legal matters will have a material impact on the Company’s consolidated financial position, results of operations or cash flow. The Company accrues for losses related to a claim or litigation when the Company’s management considers a potential loss probable and can reasonably estimate such potential loss.

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Note 17 - Employee Benefit Plans (Details) - Asset allocation	Jun. 30, 2013	Jun. 30, 2012
Equity Securities [Member] | United States Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	38.00%	32.00%
Equity Securities [Member] | Foreign Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	35.00%	34.00%
Debt Securities [Member] | United States Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	25.00%	31.00%
Debt Securities [Member] | Foreign Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	64.00%	65.00%
Global Balanced Securities [Member] | United States Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	27.00%	24.00%
Other Plan Asset [Member] | United States Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	10.00%	13.00%
Other Plan Asset [Member] | Foreign Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	1.00%	1.00%
United States Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	100.00%	100.00%
Foreign Pension Plans [Member]
Asset Category
Defined benefit plan, plan asset allocations	100.00%	100.00%