Note 17 - Industry Segment Information

3 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

17) 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, tool finishing, project management and design services, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for a number of industries;

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

• 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 of single and double-acting telescopic and piston rod hydraulic cylinders; and

• Food Service Equipment – a manufacturer of commercial food service equipment and scientific refrigeration equipment;

Net sales and income (loss) from continuing operations by segment for the three months ended September 30, 2019 and 2018 were as follows (in thousands):

	Three Months Ended September 30,
	Net Sales				Income from Operations
	2019		2018		2019			2018
Segment:
Engraving	$	38,431	$	35,979	$	6,537		$	7,547
Electronics		46,617		51,450		8,099			12,787
Engineering Technologies		24,644		20,784		3,359			1,775
Hydraulics		13,749		12,536		2,527			1,583
Food Service Equipment		72,997		72,331		8,372			6,668
Corporate		-		-		(9,285	)		(6,580	)
Restructuring costs		-		-		(1,479	)		(447	)
Acquisition-related costs		-		-		(734	)		(688	)
Other operating (income) expense, net		-		-		1,045			-
Sub-total	$	196,438	$	193,080	$	18,441		$	22,645
Interest expense						(2,121	)		(2,244	)
Other non-operating income						916			(201	)
Income from continuing operations before income taxes					$	17,236		$	20,200

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 September 30, 2019 and June 30, 2019 are as follows (in thousands):

	September 30, 2019		June 30, 2019
Engraving	$	256,628		233,569
Electronics		324,894		332,326
Engineering Technologies		148,569		149,628
Hydraulics		27,672		28,132
Food Service Equipment		166,465		159,656
Corporate & Other		25,064		18,578
Total	$	949,292	$	921,889