XML 36 R25.htm IDEA: XBRL DOCUMENT v3.19.1
Note 17 - Industry Segment Information
9 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
1
7
)     
Industry Segment Information
 
The Company has determined that it has
five
reportable segments organized around the types of product sold:
 
 
Food Service Equipment – a manufacturer of commercial food service equipment;
 
Engraving – provides mold texturizing, slush molding tools, tool finishing, project management and design services, 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 of electronic components for applications throughout the end-user market spectrum; and
 
Hydraulics – manufacturing 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, 2019
and
2018
were as follows (in thousands):
 
   
Three Months Ended March 31,
 
   
Net Sales
   
Income from Operations
 
   
2019
   
2018
   
2019
   
2018
 
Segment:
                               
Engraving
  $
37,135
    $
33,749
    $
4,485
    $
7,195
 
Electronics
   
50,197
     
51,213
     
9,418
     
11,221
 
Engineering Technologies
   
27,467
     
23,426
     
2,800
     
1,155
 
Hydraulics
   
15,106
     
12,878
     
2,242
     
1,749
 
Food Service Equipment
   
63,866
     
70,881
     
3,559
     
5,546
 
Restructuring costs
   
 
     
 
     
(549
)    
(1,060
)
Corporate
   
 
     
 
     
(6,104
)    
(5,733
)
Acquisition-related costs
   
 
     
 
     
(805
)    
(1,254
)
Sub-total
  $
193,771
    $
192,147
    $
15,046
    $
18,819
 
Interest expense
   
 
     
 
     
(3,230
)    
(2,286
)
Other non-operating income
   
 
     
 
     
(679
)    
(1,014
)
Income from continuing operations before income taxes
    $
11,137
    $
15,519
 
 
   
Nine Months Ended March 31,
 
   
Net Sales
   
Income from Operations
 
   
2019
   
2018
   
2019
   
2018
 
Segment:
                               
Engraving
   
111,602
     
100,457
     
18,883
     
21,735
 
Electronics
   
154,347
     
144,082
     
32,581
     
31,774
 
Engineering Technologies
   
71,818
     
65,621
     
6,636
     
3,879
 
Hydraulics
   
39,758
     
34,969
     
5,753
     
5,138
 
Food Service Equipment
  $
204,855
    $
221,853
    $
15,417
    $
19,834
 
Restructuring costs
   
 
     
 
     
(1,173
)    
(5,792
)
Corporate
   
 
     
 
     
(17,847
)    
(19,090
)
Acquisition-related costs
   
 
     
 
     
(2,352
)    
(2,962
)
Sub-total
  $
582,380
    $
566,982
    $
57,898
    $
54,516
 
Interest expense
   
 
     
 
     
(8,598
)    
(5,800
)
Other non-operating income
   
 
     
 
     
(1,694
)    
(1,350
)
Income from continuing operations before income taxes
    $
47,606
    $
47,366
 
 
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, 2019
and
June 30, 2018
are as follows (in thousands):
 
   
March 31, 2019
   
June 30, 2018
 
Engraving
   
202,989
     
149,973
 
Electronics
   
336,494
     
318,564
 
Engineering Technologies
   
147,754
     
150,150
 
Hydraulics
   
32,655
     
25,646
 
Food Service Equipment
  $
152,062
    $
149,743
 
Corporate & Other
   
24,524
     
23,031
 
Discontinued Operations
   
106,863
     
99,830
 
Total
  $
1,003,341
    $
916,937