Note 18 - Industry Segment Information

12 Months Ended

Jun. 30, 2014

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, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for a number of industries;

• Engineering Technologies Group – provides customized solutions in the fabrication and machining of engineered components for the aerospace, aviation, 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; and

• 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
	2014		2013		2012		2014		2013		2012
Food Service Equipment	$	377,848	$	367,008	$	364,759	$	4,485	$	4,930	$	4,994
Engraving		109,271		93,380		93,611		3,342		3,226		3,293
Engineering Technologies		79,642		74,838		74,088		3,063		3,288		3,188
Electronics Products		114,881		108,085		48,206		2,807		2,986		878
Hydraulics Products		34,538		30,079		29,922		625		566		518
Corporate and Other		-		-		-		269		239		271
Total	$	716,180	$	673,390	$	610,586	$	14,591	$	15,235	$	13,142

	Income (Loss) From Operations									Capital Expenditures
	2014			2013			2012			2014		2013		2012
Food Service Equipment	$	38,203		$	37,533		$	38,389		$	3,740	$	3,149	$	2,318
Engraving		22,145			15,596			17,896			4,648		5,106		2,223
Engineering Technologies		12,676			13,241			14,305			7,686		1,734		2,577
Electronics Products		19,732			16,147			8,715			1,631		3,243		963
Hydraulics Products		5,781			4,968			4,403			684		580		304
Restructuring charge		(10,077	)		(2,666	)		(1,685	)		-		-		-
Gain on sale of real estate		-			-			4,776			-		-		-
Other operating income (expense), net		3,462			-			-			-		-		-
Corporate		(26,054	)		(22,924	)		(23,443	)		1,531		568		13
Total	$	65,868		$	61,895		$	63,356		$	19,920	$	14,380	$	8,398
Interest expense		(2,249	)		(2,469	)		(2,280	)
Other, net		4,184			(128	)		519
Income from continuing operations before income taxes	$	67,803		$	59,298		$	61,595

	Goodwill				Identifiable Assets
	2014		2013		2014		2013
Food Service Equipment	$	56,731	$	45,790	$	214,674	$	192,895
Engraving		20,716		20,614		101,106		88,064
Engineering Technologies		12,188		10,861		75,591		68,597
Electronics Products		33,272		31,582		103,699		94,369
Hydraulics Products		3,058		3,058		16,410		15,250
Corporate & Other		-		-		66,680		51,398
Total	$	125,965	$	111,905	$	578,160	$	510,573

Net sales (1)	2014		2013		2012
United States	$	505,853	$	488,048	$	466,248
Asia Pasific		53,551		51,664		28,739
EMEA (2)		130,602		113,367		91,819
Other Americas		26,174		20,311		23,780
Total	$	716,180	$	673,390	$	610,586

⁽¹⁾ Net sales were identified based on geographic location where our products and services were initiated.

⁽²⁾ EMEA consists primarily of Europe, Middle East and S. Africa.

Long-lived assets	2014		2013		2012
United States	$	59,225	$	58,890	$	60,327
Asia Pasific		5,627		4,166		2,658
EMEA (2)		23,266		22,065		11,846
Other Americas		8,579		7,421		5,075
Total	$	96,697	$	92,542	$	79,906