. Industry Segment Information

The Company has determined that it has

five

reportable segments organized around the types of product sold:

•

Food Service Equipment – an aggregation of

eight

operating segments that manufacture and sell commercial food service equipment;

•

Engraving – 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 – 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 – manufacturing and selling of electronic components for applications throughout the end-user market spectrum; and

•

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

Net sales include only transactions with unaffiliated customers and include

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

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
	2018		2017		2016		2018		2017		2016
Food Service Equipment	$	396,866	$	380,970	$	381,867	$	5,960	$	5,206	$	5,030
Engraving		136,275		105,943		124,120		5,483		3,100		3,403
Engineering Technologies		90,781		90,506		82,235		6,006		5,976		5,363
Electronics		196,291		136,689		118,319		10,564		4,960		3,200
Hydraulics		48,169		41,150		45,045		750		730		651
Corporate and Other		-		-		-		400		343		306
Total	$	868,382	$	755,258	$	751,586	$	29,163	$	20,315	$	17,953

	Income (Loss) From Operations									Capital Expenditures (2)
	2018			2017			2016			2018		2017		2016
Food Service Equipment	$	34,853		$	33,436		$	40,142		$	3,790	$	5,088	$	4,560
Engraving		28,966			25,584			29,579			9,401		7,807		4,031
Engineering Technologies		6,449			9,662			8,258			3,537		6,510		6,562
Electronics		45,310			27,663			21,104			8,263		4,000		2,796
Hydraulics		7,316			6,712			7,947			1,399		1,058		988
Restructuring charge		(7,594	)		(5,825	)		(4,232	)		-		-		-
Acquisition-related costs		(3,749	)		(7,843	)		-			-		-		-
Gain on sale of real estate		-			652			-			-		-		-
Other operating income (expense), net (1)		-			-			(7,458	)		-		-		-
Corporate		(27,512	)		(25,015	)		(24,996	)		257		418		96
Total	$	84,039		$	65,026		$	70,344		$	26,647	$	24,881	$	19,033
Interest expense		(8,030	)		(4,043	)		(2,871	)
Other, net		1,243			949			1,052
Income from continuing operations before income taxes	$	77,252		$	61,932		$	68,525

(

)

Other operating expense in

2016

consists primarily of a

$7.3

million charge to adjust the Roll, Plate, and Machinery business in the Engraving segment to its net realizable value

(

)

Includes capital expenditures in accounts payable of

$0.4

million,

$0.5

million, and

$2.1

million at

June 30, 2018,

2017,

and

2016

respectively.

	Goodwill				Identifiable Assets
	2018		2017		2018		2017
Food Service Equipment	$	63,464	$	63,464	$	249,573	$	243,414
Engraving		26,675		20,000		149,973		115,664
Engineering Technologies		44,247		44,120		150,150		150,805
Electronics		113,798		112,047		318,564		292,776
Hydraulics		3,059		3,059		25,646		21,405
Corporate & Other (3)		497		-		23,031		43,612
Total	$	251,762	$	242,690	$	916,937	$	867,676

(

)

The decrease of Corporate identifiable assets in the periods presented reflects the use of foreign corporate cash in

2017

to acquire Standex Electronics Japan. See discussion related to the purchase in Note

of the consolidated financial statements.

Net sales (4)	2018		2017		2016
United States	$	593,141	$	523,266	$	548,058
Asia Pacific		108,569		86,480		70,269
EMEA (5)		149,249		124,990		107,765
Other Americas		17,423		20,522		25,494
Total	$	868,382	$	755,258	$	751,586

(

)

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

(

)

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

Long-lived assets	2018		2017		2016
United States	$	84,887	$	84,365	$	76,545
Asia Pacific		30,910		30,268		7,035
EMEA (6)		25,709		15,816		17,287
Other Americas		3,064		2,711		5,819
Total	$	144,570	$	133,160	$	106,686

(

)

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