. Industry Segment Information

The Company has determined that it has

five

reportable segments organized around the types of product sold:

• 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;

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

• 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.

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

• Food Service Equipment – an aggregation of

five

operating segments that manufacture and sell commercial food service equipment;

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 concluded that it would

not

presently 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
	2019		2018		2017		2019		2018		2017
Engraving	$	149,693	$	136,275	$	105,943	$	8,232	$	5,483	$	3,100
Electronics		204,073		196,291		136,689		11,751		10,564		4,960
Engineering Technologies		105,270		90,781		90,506		5,963		6,006		5,976
Hydraulics		53,943		48,169		41,150		708		750		730
Food Service Equipment		278,600		298,936		273,597		3,825		3,493		2,704
Corporate and Other		-		-		-		402		400		343
Total	$	791,579	$	770,452	$	647,885	$	30,881	$	26,696	$	17,813

	Income (Loss) From Operations									Capital Expenditures (1)
	2019			2018			2017			2019		2018		2017
Engraving	$	23,996		$	29,618		$	26,139		$	13,868	$	9,339	$	7,807
Electronics		41,227			45,501			27,855			12,646		8,487		4,000
Engineering Technologies		11,169			6,506			9,758			3,857		3,581		6,510
Hydraulics		8,891			7,398			6,802			935		1,394		1,058
Food Service Equipment		22,773			28,131			23,633			3,143		2,544		4,097
Restructuring charge		(1,635	)		(6,964	)		(5,761	)		-		-		-
Acquisition-related costs		(3,075	)		(3,749	)		(7,843	)		-		-		-
Other operating income (expense), net		(500	)		-			-			-		-		-
Corporate		(24,729	)		(26,430	)		(23,664	)		57		258		418
Total	$	78,117		$	80,011		$	56,919		$	34,506	$	25,603	$	23,890
Interest expense		(10,760	)		(8,029	)		(4,043	)
Other, net		(1,744	)		(1,735	)		(1,917	)
Income from continuing operations before income taxes	$	65,613		$	70,247		$	50,959

(

)

Includes capital expenditures in accounts payable of

$3.8

million,

$0.4

million, and

$0.4

million at

June 30, 2019,

2018,

and

2017

respectively.

	Goodwill				Identifiable Assets
	2019		2018		2019		2018
Engraving	$	79,392	$	26,697	$	233,569	$	149,973
Electronics		131,317		113,798		332,326		318,564
Engineering Technologies		43,890		44,247		149,628		150,150
Hydraulics		3,059		3,059		28,132		25,646
Food Service Equipment		23,360		23,453		159,656		149,743
Corporate & Other		485		497		18,578		23,031
Discontinued Operations						-		99,830
Total	$	281,503	$	211,751	$	921,889	$	916,937

Net sales (2)	2019		2018		2017
United States	$	520,908	$	495,211	$	415,893
Asia Pacific		108,667		108,569		86,480
EMEA (3)		144,636		149,249		124,990
Other Americas		17,368		17,423		20,522
Total	$	791,579	$	770,452	$	647,885

(

)

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	2019		2018		2017
United States	$	81,122	$	77,250	$	76,317
Asia Pacific		35,033		30,911		30,268
EMEA (4)		27,160		25,709		15,816
Other Americas		4,709		3,064		2,711
Total	$	148,024	$	136,934	$	125,112

(

)

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