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