Segment Information

9 Months Ended

Mar. 31, 2024

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 March 31, 2024
Sales1	$	21,806	$	23,820	$	15,141	$	—	$	60,767
Operating (Loss) Income	$	(916)	$	1,785	$	2,509	$	(2,668)	710
Three Months ended March 31, 2023
Sales2	$	22,310	$	23,849	$	15,519	$	—	$	61,678
Operating Income (Loss)	$	656	$	2,416	$	2,615	$	(1,573)	$	4,114

1.Excludes $345 of NAI segment intercompany sales to the INI segment, $83 of GTM segment intercompany sales to the INI segment, $2,625 of INI segment intercompany sales to NAI and $277 of GTM intercompany sales to NAI.

2.     Excludes $243 of NAI segment intercompany sales to the INI segment, $83 of GTM segment intercompany sales to the INI segment, $3,208 of INI segment intercompany sales to NAI and $348 of GTM intercompany sales to NAI

	NAI		INI		GTM		Unallocated		Total
Nine Months ended March 31, 2024
Sales1	$	61,090	$	75,619	$	46,770	$	—	$	183,479
Operating (Loss) Income	$	(1,784)	$	6,771	$	7,400	$	(6,724)	$	5,663
Nine months ended March 31, 2023
Sales2	$	67,461	$	73,199	$	48,254	$	—	$	188,914
Operating Income (Loss)	$	1,532	$	8,902	$	8,207	$	(4,849)	$	13,792

1.Excludes $1,027 of NAI segment intercompany sales to the INI segment, $274 of GTM segment intercompany sales to the INI segment, $9,660 of INI segment intercompany sales to NAI and $1,256 of GTM intercompany sales to NAI.

2.     Excludes $1,442 of NAI segment intercompany sales to the INI segment, $519 of GTM segment intercompany sales to the INI segment, $11,825 of INI segment intercompany sales to NAI and $1,016 of GTM intercompany sales to NAI