Note 17 - Industry Segment Information

6 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

17)     Industry Segment Information

In the fourth quarter of fiscal year 2020, the Company reviewed the quantitative and qualitative characteristics of its remaining businesses and determined that it has seven operating segments that aggregate to five reportable segments.  The reportable segments are organized around the types of products sold:

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

• 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; 

• Scientific – specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets; 

• 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; 

• Specialty Solutions – an aggregation of three operating segments that manufacture and sell refrigerated, heated and dry merchandizing display cases, custom fluid pump solutions, and single and double acting telescopic and piston rod hydraulic cylinders. 

All periods presented have been revised accordingly to reflect the new reportable segments.

Net sales and income (loss) from continuing operations by segment for the three and six months ended December 31, 2020 and 2019 were as follows (in thousands):

	Three Months Ended December 31,
	Net Sales				Income from Operations
	2020		2019		2020			2019
Segment:
Electronics	$	60,156	$	45,834	$	9,962		$	7,776
Engraving		37,950		38,256		6,501			6,916
Scientific		17,893		15,414		4,234			4,056
Engineering Technologies		17,507		26,495		1,363			3,422
Specialty Solutions		22,777		27,698		3,211			4,341
Corporate		-		-		(7,454	)		(7,379	)
Restructuring costs		-		-		(509	)		(720	)
Acquisition-related costs		-		-		(570	)		(773	)
Sub-total	$	156,283	$	153,697	$	16,738		$	17,639
Interest expense						1,601			1,928
Other non-operating (income) expense						(60	)		588
Income from continuing operations before income taxes					$	15,197		$	15,123

	Six Months Ended December 31,
	Net Sales				Income from Operations
	2020		2019		2020			2019
Segment:
Electronics	$	115,427	$	92,452	$	18,497		$	15,875
Engraving		74,351		76,687		12,374			13,454
Scientific		34,556		30,164		8,310			7,761
Engineering Technologies		35,140		51,139		1,831			6,781
Specialty Solutions		48,095		59,227		7,117			9,990
Corporate		-		-		(14,445	)		(16,664	)
Restructuring costs		-		-		(1,996	)		(2,199	)
Acquisition-related costs		-		-		(596	)		(1,507	)
Sub-total	$	307,569	$	309,669	$	31,092		$	33,491
Interest expense						3,086			4,050
Other non-operating (income) expense						(231	)		(331	)
Income from continuing operations before income taxes					$	28,237		$	29,772

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.