Segment Information

6 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

The segment information and the accounting policies of each segment are the same as those described in the notes to the audited Consolidated Financial Statements entitled “Financial Information by Segment” included in our Annual Report on Form 10-K, as amended, for the year ended June 30, 2023. The chief operating decision maker, who is the Company’s President and CEO, allocates resources and assesses performance based on three segments: North America Industrial "NAI", International Industrial "INI" and Global Test and Measurement "GTM".

Segment income is measured for internal reporting purposes by excluding corporate expenses, which are included in the unallocated column in the table below. Other income and expense, including interest income and expense, and income taxes are excluded entirely from the table below. There were no significant changes in the segment operations or in the segment assets

from the Annual Report on Form 10-K, as amended, for the year ended June 30, 2023. Financial results for each reportable segment are as follows (in thousands):

	NAI		INI		GTM		Unallocated		Total
Three Months ended December 31, 2023
Sales1	$	19,814	$	26,425	$	15,837	$	—	$	62,076
Operating Income (Loss)	$	(185)	$	2,227	$	2,520	$	(2,068)	$	2,494
Three Months ended December 31, 2022
Sales2	$	22,780	$	26,051	$	17,944	$	—	$	66,775
Operating Income (Loss)	$	176	$	3,796	$	3,314	$	(1,325)	$	5,961

1.Excludes $348 of NAI segment intercompany sales to the INI segment, $114 of GTM segment intercompany sales to the INI segment, $3,560 of INI segment intercompany sales to NAI and $279 of GTM intercompany sales to NAI.

2.Excludes $546 of NAI segment intercompany sales to the INI segment, $161 of GTM segment intercompany sales to the INI segment, $3,992 of INI segment intercompany sales to NAI and $258 of GTM intercompany sales to NAI.

	NAI			INI		GTM		Unallocated		Total
Six months ended December 31, 2023
Sales1	$	39,284		$	51,799	$	31,629	$	—	$	122,712
Operating Income (Loss)	$	(869)		$	4,987	4,892		$	(4,058)	$	4,952
Six months ended December 31, 2022
Sales2	$	45,151	0	$	49,350	$	32,735	$	—	$	127,236
Operating Income (Loss)	$	876		$	6,485	$	5,592	$	(3,277)	$	9,677

1.Excludes $681 of NAI segment intercompany sales to the INI segment, $192 of GTM segment intercompany sales to the INI segment, $7,036 of INI segment intercompany sales to NAI and $979 of GTM intercompany sales to NAI.

2.Excludes $1,198 of NAI segment intercompany sales to the INI segment, $436 of GTM segment intercompany sales to the INI segment, $8,617 of INI segment intercompany sales to NAI and $668 of GTM intercompany sales to NAI.