Note 16 - Industry Segment Information

9 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

16)     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 net and near net formed single-source customized solutions in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets.

• 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 and income (loss) from continuing operations by segment for the three and nine months ended March 31, 2016 and 2015 were as follows (in thousands):

	Three Months Ended March 31,
	Net Sales				Income from Operations
	2016		2015		2016			2015
Segment:
Food Service Equipment Group	$	87,944	$	91,064	$	8,455		$	6,404
Engraving Group		28,560		26,896		5,305			5,757
Engineering Technologies Group		19,358		24,590		1,744			3,655
Electronics Products Group		29,909		28,006		5,263			5,298
Hydraulics Products Group		11,694		10,443		2,007			1,723
Restructuring costs						(391	)		(398	)
Corporate						(5,223	)		(4,607	)
Sub-total	$	177,465	$	180,999	$	17,160		$	17,832
Interest expense						(807	)		(938	)
Other non-operating income						(115	)		103
Income from continuing operations before income taxes					$	16,238		$	16,997

	Nine Months Ended March 31,
	Net Sales				Income from Operations
	2016		2015		201 6			201 5
Segment:
Food Service Equipment Group	$	286,093	$	303,430	$	29,183		$	24,989
Engraving Group		94,016		81,609		22,655			18,647
Engineering Technologies Group		58,780		71,314		4,512			9,093
Electronics Products Group		86,245		85,299		15,338			15,582
Hydraulics Products Group		32,677		30,711		5,502			4,897
Restructuring costs						(3,387	)		(2,354	)
Other operating income (expense), net						-			(59	)
Corporate						(17,478	)		(15,874	)
Sub-total	$	557,811	$	572,363	$	56,325		$	54,921
Interest expense						(2,182	)		(2,369	)
Other non-operating income						369			556
Income from continuing operations before income taxes					$	54,512		$	53,108

Net sales include only transactions with unaffiliated customers and include no intersegment sales. Income (loss) from operations by segment excludes interest expense and other non-operating income (expense).

The Company’s identifiable assets at March 31, 2016 and June 30, 2015 are as follows (in thousands):

	March 31, 201 6		June 30, 2015
Food Service Equipment Group	$	204,020	$	218,334
Engraving Group		119,874		114,268
Engineering Technologies Group		139,360		141,351
Electronics Products Group		111,213		90,948
Hydraulics Products Group		24,296		22,705
Corporate & Other		78,843		71,457
Total	$	677,606	$	659,063