Standex International (SXI) 10-Q 3 May 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2016	Apr. 27, 2016
Entity Registrant Name	STANDEX INTERNATIONAL CORP/DE/
Entity Central Index Key	310,354
Trading Symbol	sxi
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		12,806,118
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Current Assets:
Cash and cash equivalents	$ 113,401	$ 96,128
Accounts receivable, net of reserve for doubtful accounts of $2,285 and $2,226 at March 31, 2016 and June 30, 2015	99,204	110,478
Inventories	109,012	108,305
Prepaid expenses and other current assets	6,261	7,070
Income taxes receivable	5,292	747
Deferred tax asset	13,178	12,674
Total current assets	346,348	335,402
Property, plant, and equipment, net	110,549	108,536
Intangible assets, net	42,291	38,048
Goodwill	158,589	154,732
Deferred tax asset	865	917
Other non-current assets	18,964	21,428
Total non-current assets	331,258	323,661
Total assets	677,606	659,063
Current Liabilities:
Accounts payable	63,578	80,764
Accrued liabilities	46,643	47,742
Income taxes payable	7,716	10,285
Total current liabilities	117,937	138,791
Long-term debt	106,028	101,753
Accrued pension and other non-current liabilities	71,341	69,949
Total non-current liabilities	177,369	171,702
Stockholders' equity:
Common stock, par value $1.50 per share, 60,000,000 shares authorized, 27,984,278 issued, 12,697,240 and 12,651,488 outstanding at March 31, 2016 and June 30, 2015	41,976	41,976
Additional paid-in capital	51,063	47,254
Retained earnings	667,607	632,864
Accumulated other comprehensive loss	(96,250)	(93,017)
Treasury shares: 15,287,038 shares at March 31, 2016 and 15,332,790 shares at June 30, 2015	(282,096)	(280,507)
Total stockholders' equity	382,300	348,570
Total liabilities and stockholders' equity	$ 677,606	$ 659,063

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Reserve for doubtful accounts	$ 2,285	$ 2,226
Common stock, par value (in dollars per share)	$ 1.50	$ 1.50
Common stock, shares authorized (in shares)	60,000,000,000	60,000,000,000
Common stock, shares issued (in shares)	27,984,278,000	27,984,278,000
Common stock, shares outstanding (in shares)	12,697,240,000	12,651,488,000
Treasury shares, shares (in shares)	15,287,038	15,332,790

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Net sales	$ 177,465	$ 180,999	$ 557,811	$ 572,363
Cost of sales	118,827	123,741	372,386	390,193
Gross profit	58,638	57,258	185,425	182,170
Selling, general, and administrative expenses	41,087	39,028	125,713	124,836
Restructuring costs	$ 391	$ 398	$ 3,387	2,354
Other operating (income) expense, net				59
Total operating expenses	$ 41,478	$ 39,426	$ 129,100	127,249
Income from operations	17,160	17,832	56,325	54,921
Interest expense	(807)	(938)	(2,182)	(2,369)
Other non-operating income (expense)	(115)	103	369	556
Income from continuing operations before income taxes	16,238	16,997	54,512	53,108
Provision for income taxes	4,667	4,232	14,354	14,153
Income from continuing operations	11,571	12,765	40,158	38,955
Income (loss) from discontinued operations, net of income taxes	(55)	(139)	(290)	(593)
Net income (loss)	$ 11,516	$ 12,626	$ 39,868	$ 38,362
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	$ 0.91	$ 1.01	$ 3.17	$ 3.08
Discontinued operations (in dollars per share)		(0.01)	(0.02)	(0.05)
Total (in dollars per share)	$ 0.91	1	3.15	3.03
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	$ 0.91	1	3.14	3.04
Discontinued operations (in dollars per share)		(0.01)	(0.02)	(0.05)
Total (in dollars per share)	$ 0.91	0.99	3.12	2.99
Cash dividends per share (in dollars per share)	$ 0.14	$ 0.12	$ 0.40	$ 0.34

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Interest Expense [Member]
Other comprehensive income (loss):
Amortization of unrealized gains and (losses) into interest expense	$ 247	$ 296	$ 474	$ 802
Amortization of unrealized gains and (losses) into interest expense	(95)	(113)	(181)	(307)
Net income	11,516	12,626	39,868	38,362
Actuarial gains (losses) and other changes in unrecognized costs	94	582	651	1,548
Amortization of unrecognized costs	1,188	1,165	3,590	3,524
Change in unrealized gains and (losses)	(963)	(448)	(1,007)	(550)
Foreign currency translation gains (losses)	5,159	(12,188)	(5,760)	(27,721)
Other comprehensive income (loss) before tax	5,725	(10,593)	(2,052)	(22,397)
Actuarial gains (losses) and other changes in unrecognized costs	(4)	(135)	(119)	(423)
Amortization of unrecognized costs	(420)	(415)	(1,265)	(1,255)
Change in unrealized gains and (losses)	368	171	384	210
Income tax provision (benefit) to other comprehensive income (loss)	(151)	(492)	(1,181)	(1,775)
Other comprehensive income (loss), net of tax	5,574	(11,085)	(3,233)	(24,172)
Comprehensive income (loss)	$ 17,090	$ 1,541	$ 36,635	$ 14,190

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net income	$ 39,868	$ 38,362
(Income) loss from discontinued operations	290	593
Income from continuing operations	40,158	38,955
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	13,317	12,602
Stock-based compensation	3,777	2,806
Non-cash portion of restructuring charge	1,512	(215)
Excess tax benefit from share-based payment activity	(795)	(1,644)
Contributions to defined benefit plans	(963)	(1,069)
Net changes in operating assets and liabilities	(9,710)	(28,360)
Net cash provided by (used in) operating activities - continuing operations	47,296	23,075
Net cash provided by (used in) operating activities - discontinued operations	(748)	(1,818)
Net cash provided by (used in) operating activities	46,548	21,257
Cash flows from investing activities
Expenditures for property, plant, and equipment	(13,264)	(18,847)
Expenditures for acquisitions, net of cash acquired	(13,700)	$ (57,149)
Proceeds from sales of real estate and equipment	259
Other investing activity	(417)	$ 1,197
Net cash (used in) investing activities - continuing operations	(27,122)	$ (74,799)
Net cash provided by investing activities - discontinued operations	2,803
Net cash (used in) investing activities	(24,319)	$ (74,799)
Cash flows from financing activities
Borrowings on revolving credit facility	58,000	267,500
Payments of revolving credit facility	(54,000)	(182,700)
Activity under share-based payment plans	816	675
Excess tax benefit from share-based payment activity	795	1,644
Purchases of treasury stock	(3,167)	(9,835)
Cash dividends paid	(5,071)	(4,301)
Net cash provided by (used in) financing activities	(2,627)	72,983
Effect of exchange rate changes on cash and cash equivalents	(2,329)	(9,715)
Net change in cash and cash equivalents	17,273	9,726
Cash and cash equivalents at beginning of year	96,128	74,260
Cash and cash equivalents at end of period	113,401	83,986
Supplemental Disclosure of Cash Flow Information:
Interest	1,755	1,849
Income taxes, net of refunds	$ 18,242	$ 10,474

Note 1 - Management Statement

Note 1 - Management Statement	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1) Management Statement In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to present fairly the results of operations for the three and nine months ended March 31, 2016 and 2015, the cash flows for the nine months ended March 31, 2016 and 2015 and the financial position of Standex International Corporation (“Standex”, the “Company”, “we”, “us”, or “our”), at March 31, 2016. The interim results are not necessarily indicative of results for a full year. The unaudited condensed consolidated financial statements and notes do not contain information which would substantially duplicate the disclosures contained in the audited annual consolidated financial statements and notes for the year ended June 30, 2015. The condensed consolidated balance sheet at June 30, 2015 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. The financial statements contained herein should be read in conjunction with the Annual Report on Form 10-K and in particular the audited consolidated financial statements for the year ended June 30, 2015. Certain prior period amounts have been reclassified to conform to the current period presentation. Unless otherwise noted, references to years are to the Company’s fiscal years. During the first quarter of 2016, we retrospectively adopted accounting standard update ASU 2015-3, Simplifying the Presentation of Debt Issuance Cost The Company considers events or transactions that occur after the balance sheet date but before the financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. We evaluated subsequent events through the date and time our unaudited condensed consolidated financial statements were issued.

Note 2 - Acquisition

Note 2 - Acquisition	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2) Acquisition Northlake On October 1, 2015, the Company acquired Northlake Engineering, Inc., (“Northlake”), a Wisconsin-based designer, manufacturer and distributor of high reliability electromagnetic products and solutions serving the North America power distribution and medical equipment markets. Northlake reports to our Electronics Products Group. The Company paid $13.7 million in cash for 100% of the outstanding stock of Northlake and has preliminarily recorded intangible assets of $6.8 million, consisting of $4.1 million of customer relationships which primarily are expected to be amortized over a period of twelve and half years, $2.4 million of trademarks which are indefinite-lived and $0.3 million of non-compete which are expected to amortized over a period of five years. Acquired goodwill of $7.8 million is deductible for income tax. The Company anticipates finalizing the purchase price allocation during the current fiscal year. The components of the fair value of the Northlake acquisition, including the allocation of the purchase price at March 31, 2016, are as follows (in thousands): Preliminary Allocation Adjustments Allocation at March 31, 2016 Fair value of business combination: Cash payments $ 13,859 $ 156 $ 14,015 Less: cash acquired (315 ) - (315 ) Total $ 13,544 $ 156 $ 13,700 Identifiable assets acquired and liabilities assumed: Current Assets $ 2,810 $ - $ 2,810 Property, plant, and equipment 1,407 - 1,407 Identifiable intangible assets 4,124 2,700 6,824 Goodwill 7,821 (2,700 ) 5,121 Other non-current assets 158 - 158 Liabilities assumed (2,620 ) - (2,620 ) Expected final payments (156 ) 156 - Total $ 13,544 $ 156 $ 13,700 Enginetics On September 4, 2014, the Company acquired Enginetics Corporation (“Enginetics”), a leading producer of aircraft engine components for all major aircraft platforms. This investment complements our Engineering Technologies Group and allows us to provide broader solutions to the aviation market. The Company paid $55.0 million in cash for 100% of the outstanding stock of MPE Aeroengines, Inc., of which Enginetics is a wholly owned subsidiary and has recorded intangible assets of $10.6 million, consisting of $9.1 million of customer relationships which are expected to be amortized over a period of fifteen years and $1.5 million of trademarks which are indefinite-lived. Acquired goodwill of $34.8 million is not deductible for income tax purposes due to the nature of the transaction. The Company finalized the purchase price allocation during the fourth quarter ended June 30, 2015. The components of the fair value of the Enginetics acquisition, is as follows (in thousands): Final Fair value of business combination: Cash payments $ 55,021 Less: cash acquired (113 ) Total $ 54,908 Identifiable assets acquired and liabilities assumed: Current Assets $ 12,134 Property, plant, and equipment 8,808 Identifiable intangible assets 10,600 Goodwill 34,790 Other non-current assets 158 Liabilities assumed (5,449 ) Deferred taxes (6,133 ) Total $ 54,908 Ultrafryer The Company paid a total of $23.0 million, in cash, to acquire all of the outstanding stock of Ultrafryer Systems, Inc. (“Ultrafryer”), a producer of commercial deep fryers for restaurant and commercial installations. The stock purchase agreement included, a $2.2 million disbursement made in September of 2014 related to the purchase of land and building associated with the business. The Company’s recent acquisitions are strategically significant to the future growth prospects of the Company, however at the time of the acquisition and June 30, 2015, we concluded, that historical results of the acquired Companies both individually and in the aggregate, were immaterial to the Company’s consolidated financial results and therefore additional proforma disclosures are not presented.

Note 3 - Discontinued Operation

Note 3 - Discontinued Operations	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	3) Discontinued Operations In pursuing our business strategy, we have divested certain businesses and recorded activities of these businesses as discontinued operations. Discontinued operations for the three and nine months ended March 31, 2016 and 2015 are as follows (in thousands): Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Net sales $ - $ - $ - $ - Pre-tax earnings (95 ) (186 ) (437 ) (833 ) (Provision) benefit for taxes 40 47 147 240 Net earnings (loss) from discontinued operations $ (55 ) $ (139 ) $ (290 ) $ (593 ) On March 30, 2012, Air Distribution Products Group, (“ADP”) was sold to a private equity buyer for consideration of $16.1 million consisting of $13.1 million in cash and a $3.0 million promissory note from the buyer. The note was secured by a mortgage on the ADP real estate sold in the transaction in Detroit Lakes, MN, Medina, NY, and Powder Springs, GA. During the first quarter 2016, the private equity buyer of ADP sold one of the facilities securing the note. The Company released all mortgages on the properties and accepted an advanced payment of $2.8 million during October 2015 in order to reduce repayment risk and settle all obligations under the note. The Company recorded a $0.2 million loss in discontinued operations during the first quarter 2016 related to this transaction. The Company remained the obligor of ADP’s Philadelphia, PA facility and administrative offices. We have entered into a renewable sublease agreement with a third party for this space. Our obligation with respect to the lease is $0.8 million, of which $0.6 million was recorded as a liability at March 31, 2016. We do not expect to record additional charges related to these obligations. Assets and liabilities related to our discontinued operations appear in the condensed consolidated balance sheets are as follows (in thousands): March 31, 201 6 June 30, 2015 Current assets $ - $ 23 Other non-current assets 14 3,014 Accrued expenses 1,400 1,383 Accrued pension and other non-current liabilities 203 896

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	4) Fair Value Measurements The financial instruments shown below are presented at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models may be applied. Assets and liabilities recorded at fair value in the consolidated balance sheet are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Hierarchical levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities and the methodologies used in valuation are as follows: Level 1 – Quoted prices in active markets for identical assets and liabilities. The Company’s deferred compensation plan assets consist of shares in various mutual funds (for the deferred compensation plan, investments are participant-directed) which invest in a broad portfolio of debt and equity securities. These assets are valued based on publicly quoted market prices for the funds’ shares as of the balance sheet dates. Level 2 – Inputs, other than quoted prices in an active market, that are observable either directly or indirectly through correlation with market data. For foreign exchange forward contracts and interest rate swaps, the Company values the instruments based on the market price of instruments with similar terms, which are based on spot and forward rates as of the balance sheet dates. The Company has considered the creditworthiness of counterparties in valuing all assets and liabilities. Level 3 – Unobservable inputs based upon the Company’s best estimate of what market participants would use in pricing the asset or liability. There were no transfers of assets or liabilities between level 1 and level 2 of the fair value measurement hierarchy at March 31, 2016 and June 30, 2015. The Company’s policy is to recognize transfers between levels as of the date they occur. Cash and cash equivalents, accounts receivable, and accounts payable are carried at cost, which approximates fair value. Items presented at fair value at March 31, 2016 and June 30, 2015 consisted of the following (in thousands): March 31, 2016 Total Level 1 Level 2 Level 3 Assets Marketable securities - deferred compensation plan $ 2,369 $ 2,369 $ - $ - Foreign exchange contracts 4 - 4 - Liabilities Foreign exchange contracts $ 202 $ - $ 202 $ - Interest rate swaps 943 - 943 - June 30, 2015 Total Level 1 Level 2 Level 3 Assets Marketable securities - deferred compensation plan $ 2,324 $ 2,324 $ - $ - Foreign exchange contracts 844 - 844 - Liabilities Foreign exchange contracts $ 193 $ - $ 193 $ - Interest rate swaps 551 - 551 -

Note 5 - Inventories

Note 5 - Inventories	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Inventory Disclosure [Text Block]	5) Inventories Inventories are comprised of the following (in thousands): March 31, 201 6 June 30, 2015 Raw materials $ 48,576 $ 46,865 Work in process 30,761 29,165 Finished goods 29,675 32,275 Total $ 109,012 $ 108,305 Distribution costs associated with the sale of inventory, which are recorded as a component of selling, general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations, were $4.6 million and $15.2 million for the three and nine months ended March 31, 2016, respectively and $5.4 million and $17.9 million for the three and nine months ended March 31, 2015, respectively.

Note 6 - Goodwill

Note 6 - Goodwill	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Goodwill Disclosure [Text Block]	6) Goodwill Changes to goodwill during the period ended March 31, 2016 were as follows (in thousands): June 30, 2015 Acquisition Translation Adjustment March 31, 201 6 Food Service Equipment Group $ 56,812 $ - $ (8 ) $ 56,804 Engraving Group 20,248 - (7 ) 20,241 Engineering Technologies Group 46,000 - (945 ) 45,055 Electronics Products Group 28,614 5,121 (304 ) 33,431 Hydraulics Products Group 3,058 - - 3,058 Total $ 154,732 $ 5,121 $ (1,264 ) $ 158,589

Note 7 - Intangible Assets

Note 7 - Intangible Assets	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	7) Intangible Assets Intangible assets consist of the following (in thousands): Customer Relationships Trademarks Other Total March 31, 201 6 Cost $ 47,232 $ 17,944 $ 4,504 $ 69,680 Accumulated amortization (24,466 ) - (2,923 ) (27,389 ) Balance, March 31, 2016 $ 22,766 $ 17,944 $ 1,581 $ 42,291 June 30, 2015 Cost $ 43,493 $ 15,514 $ 4,096 $ 63,103 Accumulated amortization (22,628 ) - (2,427 ) (25,055 ) Balance, June 30, 2015 $ 20,865 $ 15,514 $ 1,669 $ 38,048 Amortization expense for the three and nine months ended March 31, 2016 was $1.0 million and $2.6 million, respectively. Amortization expense for the three and nine months ended March 31, 2015 was $0.7 million and $2.1 million, respectively. At March 31, 2016, amortization expense is estimated to be $1.1 million for the remainder of 2016, $3.6 million in 2017, $3.4 million in 2018, $3.1 million in 2019, $2.6 million in 2020, and $8.9 million thereafter.

Note 8 - Warranties

Note 8 - Warranties	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	8) Warranties The expected cost associated with warranty obligations on our products is recorded as a component of cost of sales when the revenue is recognized. The Company’s estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Since warranty estimates are forecasts based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable. The changes in warranty reserve, which are recorded as a component of accrued liabilities, for the nine months ended March 31, 2016 and year ended June 30, 2015 were as follows (in thousands): March 31, 201 6 June 30, 2015 Balance at beginning of year $ 7,436 $ 6,941 Acquisitions and other 3 3 Warranty expense 10,532 11,086 Warranty claims (9,006 ) (10,594 ) Balance at end of period $ 8,965 $ 7,436

Note 9 - Debt

Note 9 - Debt	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	9) Debt At March 31, 2016 and June 30, 2015, we had debt issuance costs of $1.0 million and $1.3 million, respectively. The Company’s debt payments are due as follows (in thousands): Fiscal Year March 31, 201 6 2016 $ 6 2017 13 2018 6 2019 - 2020 107,000 Thereafter - Funded Debt 107,025 Issuance cost (997 ) Debt net of issuance cost $ 106,028 Bank Credit Agreements During fiscal year 2015, the Company entered into an Amended and Restated Credit Agreement (“Credit Facility”, or “facility”). This five-year Credit Facility expires in December 2019 and has a borrowing limit of $400 million, which can be increased by an amount of up to $100 million, in accordance with specified conditions contained in the agreement. The facility also includes a $10 million sublimit for swing line loans and a $30 million sublimit for letters of credit. At March 31, 2016, the Company had standby letters of credit outstanding, primarily for insurance purposes, of $7.7 million and had the ability to borrow $246.8 million under the facility. At March 31, 2016, the carrying value of the current borrowings under the facility approximates fair value.

Note 10 - Derivative Financial

Note 10 - Derivative Financial Instruments	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	10) Derivative Financial Instruments Interest Rate Swaps From time to time as dictated by market opportunities, the Company enters into interest rate swap agreements designed to manage exposure to interest rates on the Company’s variable rate indebtedness. The Company recognizes all derivatives on its balance sheet at fair value. The Company has designated its interest rate swap agreements, including those that are forward-dated, as cash flow hedges, and changes in the fair value of the swaps are recognized in other comprehensive income until the hedged items are recognized in earnings. Hedge ineffectiveness, if any, associated with the swaps will be reported by the Company in interest expense. The Company’s effective swap agreements convert the base borrowing rate on $50 million of debt due under our revolving credit agreement from a variable rate equal to LIBOR to a weighted average fixed rate of 1.43% at March 31, 2016. The fair value of the swaps recognized in accrued expenses and in other comprehensive income is as follows (in thousands, except percentages): Fair Value Effective Date Notional Amount Fixed Rate Maturity March 31, 2016 June 30, 2015 March 15, 2012 10,000 2.745 % March 15, 2016 $ - $ (186 ) December 19, 2014 20,000 1.180 % December 19, 2017 (187 ) (140 ) December 19, 2014 5,000 1.200 % December 19, 2017 (48 ) (36 ) December 18, 2015 15,000 1.460 % December 19, 2018 (289 ) (39 ) December 19, 2015 10,000 2.005 % December 19, 2019 (419 ) (150 ) $ (943 ) $ (551 ) The Company reported no losses for the three and nine months ended March 31, 2016, as a result of hedge ineffectiveness. Future changes in these swap arrangements, including termination of the agreements, may result in a reclassification of any gain or loss reported in accumulated other comprehensive income (loss) into earnings as an adjustment to interest expense. Accumulated other comprehensive income (loss) related to these instruments is being amortized into interest expense concurrent with the hedged exposure. Foreign Exchange Contracts Forward foreign currency exchange contracts are used to limit the impact of currency fluctuations on certain anticipated foreign cash flows, such as foreign sales, foreign purchases of materials, and loan payments to and from subsidiaries. The Company enters into such contracts for hedging purposes only. For hedges of intercompany loan payments, the Company has not elected hedge accounting due to the general short-term nature and predictability of the transactions, and records derivative gains and losses directly to the statement of operations. At March 31, 2016 and June 30, 2015, the Company had outstanding forward contracts related to hedges of intercompany loans with net unrealized gain (losses) of $(0.2) million and $0.7 million, respectively, which approximate the unrealized gains and losses on the related loans. The notional amounts of the Company’s forward contracts, by currency, are as follows: Notional Amount (in native currency) Currency March 31, 201 6 June 30, 2015 Euro 4,479,373 10,134,797 British Pound Sterling 144,853 1,730,542 The table below presents the fair value of derivative financial instruments as well as their classification on the balance sheet (in thousands): Asset Derivatives March 31, 2016 June 30, 2015 Derivative designated Balance Balance as hedging instruments Sheet Sheet Line Item Fair Value Line Item Fair Value Foreign exchange contracts Other Assets $ 4 Other Assets $ 844 Liability Derivatives March 31, 2016 June 30, 2015 Derivative designated Balance Balance as hedging instruments Sheet Sheet Line Item Fair Value Line Item Fair Value Interest rate swaps Accrued Liabilities $ 943 Accrued Liabilities $ 551 Foreign exchange contracts Accrued Liabilities 202 Accrued Liabilities 193 $ 1,145 $ 744 The table below presents the amount of gain (loss) recognized in comprehensive income on our derivative financial instruments (effective portion) designated as hedging instruments and their classification within comprehensive income for the periods ended (in thousands): Three Months Ended Nine Months Ended March 31, March 31, 2016 201 5 2016 2015 Interest rate swaps $ (869 ) $ (448 ) $ (1,114 ) $ (550 ) Foreign exchange contracts (94 ) - 107 - $ (963 ) $ (448 ) $ (1,007 ) $ (550 ) The table below presents the amount reclassified from accumulated other comprehensive income (loss) to Net Income for the periods ended (in thousands): Details about Accumulated Other Comprehensive Three Months Ended Nine Months Ended Affected line item Income (Loss) Components March 31 , March 31, in the Statements 2016 201 5 2016 2015 of Operations Interest rate swaps $ 176 $ 296 $ 442 $ 802 Interest expense Foreign exchange contracts 72 - 33 - Cost of Sales $ 248 $ 296 $ 475 $ 802

Note 11 - Retirement Benefits

Note 11 - Retirement Benefits	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	11) Retirement Benefits The Company has defined benefit pension plans covering certain current and former employees both inside and outside of the U.S. The Company’s pension plan for U.S. employees is frozen for substantially all participants and has been replaced with a defined contribution benefit plan. Net Periodic Benefit Cost for the Company’s U.S. and Foreign pension benefit plans for the three and nine months ended March 3 1, 2016 and 2015 consisted of the following components (in thousands): U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended March 31, March 31, 201 6 2015 201 6 2015 Service cost $ 18 $ 53 $ 9 $ 10 Interest cost 2,872 2,619 346 389 Expected return on plan assets (3,466 ) (3,489 ) (313 ) (355 ) Recognized net actuarial loss 994 986 201 180 Amortization of prior service cost 4 14 (12 ) (12 ) Net periodic benefit cost $ 422 $ 183 $ 231 $ 212 U.S. Plans Non-U.S. Plans Nine Months Ended Nine Months Ended March 31, March 31, 201 6 2015 2016 2015 Service cost $ 52 $ 158 $ 26 $ 34 Interest cost 8,617 7,857 1,080 1,229 Expected return on plan assets (10,398 ) (10,466 ) (980 ) (1,118 ) Recognized net actuarial loss 2,984 2,959 631 569 Amortization of prior service cost 11 41 (36 ) (40 ) Net periodic benefit cost $ 1,266 $ 549 $ 721 $ 674 The Company expects to pay $1.4 million in contributions to its defined benefit plans during fiscal 2016. Contributions of $0.3 million and $1.0 million were made during the three and nine months ended March 31, 2016 compared to $0.6 million and $1.1 million during the three and nine months ended March 31, 2015, respectively. Required contributions of $0.9 million will be paid to the Company’s U.K. defined benefit plan during 2016. The Company also expects to make contributions of $0.2 million and $0.3 million to its unfunded defined benefit plans in the U.S. and Germany, respectively during the current fiscal year.

Note 12 - Income Taxes

Note 12 - Income Taxes	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12) Income Taxes The Company's effective tax rate from continuing operations for the third quarter of 2016 was 28.7% compared with 24.9% for the prior year quarter. The higher effective tax rate in 2016 is the result of a higher percentage of income taxed in the U.S. and an increase in a reserve for an uncertain tax position. The Company's effective tax rate from continuing operations for the nine months ended March 31, 2016 was 26.3% compared with 26.6% for the prior year.

Note 13 - Earnings Per Share

Note 13 - Earnings Per Share	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	13) Earnings Per Share The following table sets forth a reconciliation of the number of shares (in thousands) used in the computation of basic and diluted earnings per share: Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Basic - Average shares outstanding 12,697 12,657 12,682 12,656 Effect of dilutive securities: Unvested, restricted stock awards 71 131 94 152 Diluted - Average shares outstanding 12,768 12,788 12,776 12,808 Earnings available to common stockholders are the same for computing both basic and diluted earnings per share. No options to purchase common stock were excluded as anti-dilutive from the calculation of diluted earnings per share for the three and nine months ended March 31, 2016 and 2015, respectively. Performance stock units of 30,850 and 28,111 for the nine months ended March 31, 2016 and 2015, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.

Note 14 - Comprehensive Income

Note 14 - Comprehensive Income (Loss)	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	14) Comprehensive Income (Loss) The components of the Company’s accumulated other comprehensive loss are as follows (in thousands): March 31, 201 6 June 30, 2015 Foreign currency translation adjustment $ (19,093 ) $ (13,333 ) Unrealized pension losses, net of tax (76,391 ) (79,248 ) Unrealized losses on derivative instruments, net of tax (766 ) (436 ) Total $ (96,250 ) $ (93,017 )

Note 15 - Contingencies

Note 15 - Contingencies	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Contingencies Disclosure [Text Block]	15) Contingencies From time to time, the Company is subject to various claims and legal proceedings, including claims related to environmental remediation, either asserted or unasserted, that arise in the ordinary course of business. While the outcome of these proceedings and claims cannot be predicted with certainty, the Company’s management does not believe that the outcome of any of the currently existing legal matters will have a material impact on the Company’s consolidated financial position, results of operations or cash flow. The Company accrues for losses related to a claim or litigation when the Company’s management considers a potential loss probable and can reasonably estimate such potential loss.

Note 16 - Industry Segment Info

Note 16 - Industry Segment Information	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	16) Industry Segment Information The Company has determined that it has five reportable segments organized around the types of product sold: • Food Service Equipment Group – an aggregation of seven operating segments that manufacture and sell commercial food service equipment; • Engraving Group – 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; • Engineering Technologies Group – 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. • Electronics Products Group – manufacturing and selling of electronic components for applications throughout the end-user market spectrum; and • Hydraulics Products Group – manufacturing and selling of single and double-acting telescopic and piston rod hydraulic cylinders. Net sales and income (loss) from continuing operations by segment for the three and nine months ended March 31, 2016 and 2015 were as follows (in thousands): Three Months Ended March 31, Net Sales Income from Operations 2016 2015 2016 2015 Segment: Food Service Equipment Group $ 87,944 $ 91,064 $ 8,455 $ 6,404 Engraving Group 28,560 26,896 5,305 5,757 Engineering Technologies Group 19,358 24,590 1,744 3,655 Electronics Products Group 29,909 28,006 5,263 5,298 Hydraulics Products Group 11,694 10,443 2,007 1,723 Restructuring costs (391 ) (398 ) Corporate (5,223 ) (4,607 ) Sub-total $ 177,465 $ 180,999 $ 17,160 $ 17,832 Interest expense (807 ) (938 ) Other non-operating income (115 ) 103 Income from continuing operations before income taxes $ 16,238 $ 16,997 Nine Months Ended March 31, Net Sales Income from Operations 2016 2015 201 6 201 5 Segment: Food Service Equipment Group $ 286,093 $ 303,430 $ 29,183 $ 24,989 Engraving Group 94,016 81,609 22,655 18,647 Engineering Technologies Group 58,780 71,314 4,512 9,093 Electronics Products Group 86,245 85,299 15,338 15,582 Hydraulics Products Group 32,677 30,711 5,502 4,897 Restructuring costs (3,387 ) (2,354 ) Other operating income (expense), net - (59 ) Corporate (17,478 ) (15,874 ) Sub-total $ 557,811 $ 572,363 $ 56,325 $ 54,921 Interest expense (2,182 ) (2,369 ) Other non-operating income 369 556 Income from continuing operations before income taxes $ 54,512 $ 53,108 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 March 31, 2016 and June 30, 2015 are as follows (in thousands): March 31, 201 6 June 30, 2015 Food Service Equipment Group $ 204,020 $ 218,334 Engraving Group 119,874 114,268 Engineering Technologies Group 139,360 141,351 Electronics Products Group 111,213 90,948 Hydraulics Products Group 24,296 22,705 Corporate & Other 78,843 71,457 Total $ 677,606 $ 659,063

Note 17 - Restructuring

Note 17 - Restructuring	9 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	17) Restructuring The Company has undertaken cost reduction and facility consolidation initiatives that have resulted in severance, restructuring, and related charges. A summary of charges by initiative is as follows (in thousands): Three Months Ended Nine Months Ended March 31, 2016 March 31, 2016 Fiscal 2016 Involuntary Employee Severance and Benefit Costs Other Total Involuntary Employee Severance and Benefit Costs Other Total Restructuring initiatives $ 236 $ 89 $ 325 $ 966 $ 256 $ 1,222 Prior year initiatives - 66 66 59 2,106 2,165 $ 236 $ 155 $ 391 $ 1,025 $ 2,362 $ 3,387 Three Months Ended Nine Months Ended March 31, 2015 March 31, 2015 Fiscal 2015 Involuntary Employee Severance and Benefit Costs Other Total Involuntary Employee Severance and Benefit Costs Other Total Restructuring initiatives $ 243 $ 155 $ 398 $ 576 $ 953 $ 1,529 Prior year initiatives - - - 125 700 825 $ 243 $ 155 $ 398 $ 701 $ 1,653 $ 2,354 2016 Restructuring Initiatives The Company continues to focus on our efforts to reduce cost and improve productivity across our businesses, particularly through headcount reductions, facility closures, and consolidations. The Company’s 2016 initiatives to date include the movement of manufacturing from a legacy Canadian facility into our newly acquired Northlake facility and a reduction of personnel in those locations impacted by the slowdown in the oil and gas market. Involuntary Employee Severance and Benefit Costs Other Total Restructuring liabilities at July 1, 2015 $ - $ - $ - Additions and adjustments 968 344 1,312 Payments (792 ) (344 ) (1,136 ) Restructuring liabilities at March 31, 2016 $ 176 $ - $ 176 Prior Year Initiatives The Company previously announced the closure of our Food Service Equipment U.K. facility and entered into a distribution agreement with a U.K. based partner in order to reduce channel costs and enhance profitability, expand and strengthen our U.K. Food Service Equipment group’s presence for all of our brands. Activity in the reserve related to the prior year restructuring initiatives is as follows (in thousands): Involuntary Employee Severance and Benefit Costs Other Total Restructuring liabilities at July 1, 2015 $ 82 $ 301 $ 383 Additions and adjustments 60 267 327 Payments (137 ) (377 ) (514 ) Restructuring liabilities at March 31, 2016 $ 5 $ 191 $ 196 The Company’s total restructuring expenses by segment are as follows (in thousands): Three Months Ended Nine Months Ended March 31, 2016 March 31, 2016 Involuntary Employee Severance and Benefit Costs Other Total Involuntary Employee Severance and Benefit Costs Other Total Food Service Equipment Group $ 77 $ 93 $ 170 $ 99 $ 2,197 $ 2,296 Engraving Group - - - 35 - 35 Engineering Technologies Group - - - 160 - 160 Electronics Products Group 159 56 215 603 159 762 Corporate - 6 6 128 6 134 $ 236 $ 155 $ 391 $ 1,025 $ 2,362 $ 3,387 Three Months Ended Nine Months Ended March 31, 201 5 March 31, 201 5 Involuntary Employee Severance and Benefit Costs Other Total Involuntary Employee Severance and Benefit Costs Other Total Food Service Equipment Group $ 52 $ 134 $ 186 $ 219 $ 1,431 $ 1,650 Engraving Group 18 (3 ) 15 79 - 79 Engineering Technologies Group 55 - 55 55 - 55 Electronics Products Group 118 24 142 348 222 570 $ 243 $ 155 $ 398 $ 701 $ 1,653 $ 2,354 We incurred severance and other costs of $0.4 million and $3.4 million associated with these activities during the three and nine months ended March 31, 2016, respectively, which includes $0.5 million and $1.7 million, respectively, of non-cash expenses to reduce the net book value of a closed facility to its net realizable value. Restructuring expense is expected to be $3.7 million for fiscal year 2016, of which $3.4 million was incurred for the nine months ended March 31, 2016.

Note 2 - Acquisition (Tables)

Note 2 - Acquisition (Tables)	9 Months Ended
	Mar. 31, 2016
Enginetics [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Final Fair value of business combination: Cash payments $ 55,021 Less: cash acquired (113 ) Total $ 54,908 Identifiable assets acquired and liabilities assumed: Current Assets $ 12,134 Property, plant, and equipment 8,808 Identifiable intangible assets 10,600 Goodwill 34,790 Other non-current assets 158 Liabilities assumed (5,449 ) Deferred taxes (6,133 ) Total $ 54,908
Wisconsin-based Northlake Engineering, Inc [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Preliminary Allocation Adjustments Allocation at March 31, 2016 Fair value of business combination: Cash payments $ 13,859 $ 156 $ 14,015 Less: cash acquired (315 ) - (315 ) Total $ 13,544 $ 156 $ 13,700 Identifiable assets acquired and liabilities assumed: Current Assets $ 2,810 $ - $ 2,810 Property, plant, and equipment 1,407 - 1,407 Identifiable intangible assets 4,124 2,700 6,824 Goodwill 7,821 (2,700 ) 5,121 Other non-current assets 158 - 158 Liabilities assumed (2,620 ) - (2,620 ) Expected final payments (156 ) 156 - Total $ 13,544 $ 156 $ 13,700

Note 3 - Discontinued Operati25

Note 3 - Discontinued Operations (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Earnings (Losses) from Discontinued Operations [Table Text Block]	Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Net sales $ - $ - $ - $ - Pre-tax earnings (95 ) (186 ) (437 ) (833 ) (Provision) benefit for taxes 40 47 147 240 Net earnings (loss) from discontinued operations $ (55 ) $ (139 ) $ (290 ) $ (593 )
Schedule Of Disposal Groups Including Discontinued Operations Balance Sheet [Table Text Block]	March 31, 201 6 June 30, 2015 Current assets $ - $ 23 Other non-current assets 14 3,014 Accrued expenses 1,400 1,383 Accrued pension and other non-current liabilities 203 896

Note 4 - Fair Value Measureme26

Note 4 - Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2016 Total Level 1 Level 2 Level 3 Assets Marketable securities - deferred compensation plan $ 2,369 $ 2,369 $ - $ - Foreign exchange contracts 4 - 4 - Liabilities Foreign exchange contracts $ 202 $ - $ 202 $ - Interest rate swaps 943 - 943 - June 30, 2015 Total Level 1 Level 2 Level 3 Assets Marketable securities - deferred compensation plan $ 2,324 $ 2,324 $ - $ - Foreign exchange contracts 844 - 844 - Liabilities Foreign exchange contracts $ 193 $ - $ 193 $ - Interest rate swaps 551 - 551 -

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, 201 6 June 30, 2015 Raw materials $ 48,576 $ 46,865 Work in process 30,761 29,165 Finished goods 29,675 32,275 Total $ 109,012 $ 108,305

Note 6 - Goodwill (Tables)

Note 6 - Goodwill (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Goodwill [Table Text Block]	June 30, 2015 Acquisition Translation Adjustment March 31, 201 6 Food Service Equipment Group $ 56,812 $ - $ (8 ) $ 56,804 Engraving Group 20,248 - (7 ) 20,241 Engineering Technologies Group 46,000 - (945 ) 45,055 Electronics Products Group 28,614 5,121 (304 ) 33,431 Hydraulics Products Group 3,058 - - 3,058 Total $ 154,732 $ 5,121 $ (1,264 ) $ 158,589

Note 7 - Intangible Assets (Tab

Note 7 - Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Intangible Assets, Excluding Goodwill [Table Text Block]	Customer Relationships Trademarks Other Total March 31, 201 6 Cost $ 47,232 $ 17,944 $ 4,504 $ 69,680 Accumulated amortization (24,466 ) - (2,923 ) (27,389 ) Balance, March 31, 2016 $ 22,766 $ 17,944 $ 1,581 $ 42,291 June 30, 2015 Cost $ 43,493 $ 15,514 $ 4,096 $ 63,103 Accumulated amortization (22,628 ) - (2,427 ) (25,055 ) Balance, June 30, 2015 $ 20,865 $ 15,514 $ 1,669 $ 38,048

Note 8 - Warranties (Tables)

Note 8 - Warranties (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	March 31, 201 6 June 30, 2015 Balance at beginning of year $ 7,436 $ 6,941 Acquisitions and other 3 3 Warranty expense 10,532 11,086 Warranty claims (9,006 ) (10,594 ) Balance at end of period $ 8,965 $ 7,436

Note 9 - Debt (Tables)

Note 9 - Debt (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Maturities of Long-term Debt [Table Text Block]	Fiscal Year March 31, 201 6 2016 $ 6 2017 13 2018 6 2019 - 2020 107,000 Thereafter - Funded Debt 107,025 Issuance cost (997 ) Debt net of issuance cost $ 106,028

Note 10 - Derivative Financia32

Note 10 - Derivative Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Interest Rate Derivatives [Table Text Block]	Fair Value Effective Date Notional Amount Fixed Rate Maturity March 31, 2016 June 30, 2015 March 15, 2012 10,000 2.745 % March 15, 2016 $ - $ (186 ) December 19, 2014 20,000 1.180 % December 19, 2017 (187 ) (140 ) December 19, 2014 5,000 1.200 % December 19, 2017 (48 ) (36 ) December 18, 2015 15,000 1.460 % December 19, 2018 (289 ) (39 ) December 19, 2015 10,000 2.005 % December 19, 2019 (419 ) (150 ) $ (943 ) $ (551 )
Schedule of Foreign Exchange Contracts, Statement of Financial Position [Table Text Block]	Notional Amount (in native currency) Currency March 31, 201 6 June 30, 2015 Euro 4,479,373 10,134,797 British Pound Sterling 144,853 1,730,542
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Asset Derivatives March 31, 2016 June 30, 2015 Derivative designated Balance Balance as hedging instruments Sheet Sheet Line Item Fair Value Line Item Fair Value Foreign exchange contracts Other Assets $ 4 Other Assets $ 844 Liability Derivatives March 31, 2016 June 30, 2015 Derivative designated Balance Balance as hedging instruments Sheet Sheet Line Item Fair Value Line Item Fair Value Interest rate swaps Accrued Liabilities $ 943 Accrued Liabilities $ 551 Foreign exchange contracts Accrued Liabilities 202 Accrued Liabilities 193 $ 1,145 $ 744
Derivative Instruments, Gain (Loss) [Table Text Block]	Three Months Ended Nine Months Ended March 31, March 31, 2016 201 5 2016 2015 Interest rate swaps $ (869 ) $ (448 ) $ (1,114 ) $ (550 ) Foreign exchange contracts (94 ) - 107 - $ (963 ) $ (448 ) $ (1,007 ) $ (550 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Details about Accumulated Other Comprehensive Three Months Ended Nine Months Ended Affected line item Income (Loss) Components March 31 , March 31, in the Statements 2016 201 5 2016 2015 of Operations Interest rate swaps $ 176 $ 296 $ 442 $ 802 Interest expense Foreign exchange contracts 72 - 33 - Cost of Sales $ 248 $ 296 $ 475 $ 802

Note 11 - Retirement Benefits (

Note 11 - Retirement Benefits (Tables)	9 Months Ended
	Mar. 31, 2016
Pension Plan [Member]
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended March 31, March 31, 201 6 2015 201 6 2015 Service cost $ 18 $ 53 $ 9 $ 10 Interest cost 2,872 2,619 346 389 Expected return on plan assets (3,466 ) (3,489 ) (313 ) (355 ) Recognized net actuarial loss 994 986 201 180 Amortization of prior service cost 4 14 (12 ) (12 ) Net periodic benefit cost $ 422 $ 183 $ 231 $ 212 U.S. Plans Non-U.S. Plans Nine Months Ended Nine Months Ended March 31, March 31, 201 6 2015 2016 2015 Service cost $ 52 $ 158 $ 26 $ 34 Interest cost 8,617 7,857 1,080 1,229 Expected return on plan assets (10,398 ) (10,466 ) (980 ) (1,118 ) Recognized net actuarial loss 2,984 2,959 631 569 Amortization of prior service cost 11 41 (36 ) (40 ) Net periodic benefit cost $ 1,266 $ 549 $ 721 $ 674

Note 13 - Earnings Per Share (T

Note 13 - Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Basic - Average shares outstanding 12,697 12,657 12,682 12,656 Effect of dilutive securities: Unvested, restricted stock awards 71 131 94 152 Diluted - Average shares outstanding 12,768 12,788 12,776 12,808

Note 14 - Comprehensive Incom35

Note 14 - Comprehensive Income (Loss) (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	March 31, 201 6 June 30, 2015 Foreign currency translation adjustment $ (19,093 ) $ (13,333 ) Unrealized pension losses, net of tax (76,391 ) (79,248 ) Unrealized losses on derivative instruments, net of tax (766 ) (436 ) Total $ (96,250 ) $ (93,017 )

Note 16 - Industry Segment In36

Note 16 - Industry Segment Information (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended March 31, Net Sales Income from Operations 2016 2015 2016 2015 Segment: Food Service Equipment Group $ 87,944 $ 91,064 $ 8,455 $ 6,404 Engraving Group 28,560 26,896 5,305 5,757 Engineering Technologies Group 19,358 24,590 1,744 3,655 Electronics Products Group 29,909 28,006 5,263 5,298 Hydraulics Products Group 11,694 10,443 2,007 1,723 Restructuring costs (391 ) (398 ) Corporate (5,223 ) (4,607 ) Sub-total $ 177,465 $ 180,999 $ 17,160 $ 17,832 Interest expense (807 ) (938 ) Other non-operating income (115 ) 103 Income from continuing operations before income taxes $ 16,238 $ 16,997 Nine Months Ended March 31, Net Sales Income from Operations 2016 2015 201 6 201 5 Segment: Food Service Equipment Group $ 286,093 $ 303,430 $ 29,183 $ 24,989 Engraving Group 94,016 81,609 22,655 18,647 Engineering Technologies Group 58,780 71,314 4,512 9,093 Electronics Products Group 86,245 85,299 15,338 15,582 Hydraulics Products Group 32,677 30,711 5,502 4,897 Restructuring costs (3,387 ) (2,354 ) Other operating income (expense), net - (59 ) Corporate (17,478 ) (15,874 ) Sub-total $ 557,811 $ 572,363 $ 56,325 $ 54,921 Interest expense (2,182 ) (2,369 ) Other non-operating income 369 556 Income from continuing operations before income taxes $ 54,512 $ 53,108
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	March 31, 201 6 June 30, 2015 Food Service Equipment Group $ 204,020 $ 218,334 Engraving Group 119,874 114,268 Engineering Technologies Group 139,360 141,351 Electronics Products Group 111,213 90,948 Hydraulics Products Group 24,296 22,705 Corporate & Other 78,843 71,457 Total $ 677,606 $ 659,063

Note 17 - Restructuring (Tables

Note 17 - Restructuring (Tables)	9 Months Ended
	Mar. 31, 2016
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three Months Ended Nine Months Ended March 31, 2016 March 31, 2016 Fiscal 2016 Involuntary Employee Severance and Benefit Costs Other Total Involuntary Employee Severance and Benefit Costs Other Total Restructuring initiatives $ 236 $ 89 $ 325 $ 966 $ 256 $ 1,222 Prior year initiatives - 66 66 59 2,106 2,165 $ 236 $ 155 $ 391 $ 1,025 $ 2,362 $ 3,387 Three Months Ended Nine Months Ended March 31, 2015 March 31, 2015 Fiscal 2015 Involuntary Employee Severance and Benefit Costs Other Total Involuntary Employee Severance and Benefit Costs Other Total Restructuring initiatives $ 243 $ 155 $ 398 $ 576 $ 953 $ 1,529 Prior year initiatives - - - 125 700 825 $ 243 $ 155 $ 398 $ 701 $ 1,653 $ 2,354
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Involuntary Employee Severance and Benefit Costs Other Total Restructuring liabilities at July 1, 2015 $ - $ - $ - Additions and adjustments 968 344 1,312 Payments (792 ) (344 ) (1,136 ) Restructuring liabilities at March 31, 2016 $ 176 $ - $ 176 Involuntary Employee Severance and Benefit Costs Other Total Restructuring liabilities at July 1, 2015 $ 82 $ 301 $ 383 Additions and adjustments 60 267 327 Payments (137 ) (377 ) (514 ) Restructuring liabilities at March 31, 2016 $ 5 $ 191 $ 196
Restructuring Expenses By Segment [Table Text Block]	Three Months Ended Nine Months Ended March 31, 2016 March 31, 2016 Involuntary Employee Severance and Benefit Costs Other Total Involuntary Employee Severance and Benefit Costs Other Total Food Service Equipment Group $ 77 $ 93 $ 170 $ 99 $ 2,197 $ 2,296 Engraving Group - - - 35 - 35 Engineering Technologies Group - - - 160 - 160 Electronics Products Group 159 56 215 603 159 762 Corporate - 6 6 128 6 134 $ 236 $ 155 $ 391 $ 1,025 $ 2,362 $ 3,387 Three Months Ended Nine Months Ended March 31, 201 5 March 31, 201 5 Involuntary Employee Severance and Benefit Costs Other Total Involuntary Employee Severance and Benefit Costs Other Total Food Service Equipment Group $ 52 $ 134 $ 186 $ 219 $ 1,431 $ 1,650 Engraving Group 18 (3 ) 15 79 - 79 Engineering Technologies Group 55 - 55 55 - 55 Electronics Products Group 118 24 142 348 222 570 $ 243 $ 155 $ 398 $ 701 $ 1,653 $ 2,354

Note 2 - Acquisition (Details T

Note 2 - Acquisition (Details Textual) - USD ($) $ in Thousands	Oct. 01, 2015	Sep. 04, 2014	Sep. 30, 2014	Sep. 30, 2014	Mar. 31, 2016	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Wisconsin-based Northlake Engineering, Inc [Member] | Customer Relationships [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 4,100
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years 182 days
Wisconsin-based Northlake Engineering, Inc [Member] | Noncompete Agreements [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 300
Wisconsin-based Northlake Engineering, Inc [Member] | Trademarks [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,400
Wisconsin-based Northlake Engineering, Inc [Member]
Payments to Acquire Businesses, Net of Cash Acquired	$ 13,700				$ 13,700
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 6,800				6,824	$ 6,824
Goodwill	$ 7,800				5,121	5,121
Payments to Acquire Businesses, Gross					14,015
MPE Aeroengines, Inc [Member] | Customer Relationships [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		15 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		$ 9,100
MPE Aeroengines, Inc [Member] | Trademarks [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		$ 1,500
MPE Aeroengines, Inc [Member]
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 10,600
Goodwill		34,800
Payments to Acquire Businesses, Gross		$ 55,000
Ultrafryer Systems, Inc [Member] | Land and Building [Member]
Payments to Acquire Businesses, Gross				$ 2,200
Ultrafryer Systems, Inc [Member]
Payments to Acquire Businesses, Gross			$ 23,000
Payments to Acquire Businesses, Net of Cash Acquired						13,700	$ 57,149
Goodwill					$ 158,589	$ 158,589		$ 154,732

Note 2 - Acquisition - Componen

Note 2 - Acquisition - Components of Fair Value of Acquisitions and Allocation of Purchase Price (Details) - USD ($) $ in Thousands	Oct. 01, 2015	Mar. 31, 2016	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Wisconsin-based Northlake Engineering, Inc [Member] | Scenario, Previously Reported [Member]
Cash payments		$ 13,859
Less: cash acquired		(315)
Total		13,544
Current Assets		2,810	$ 2,810
Property, plant, and equipment		1,407	1,407
Identifiable intangible assets		4,124	4,124
Goodwill		7,821	7,821
Other non-current assets		158	158
Liabilities assumed		(2,620)	(2,620)
Expected final payments		(156)	(156)
Total		13,544	$ 13,544
Wisconsin-based Northlake Engineering, Inc [Member] | Restatement Adjustment [Member]
Cash payments		$ 156
Less: cash acquired
Total		$ 156
Current Assets
Property, plant, and equipment
Identifiable intangible assets		$ 2,700	$ 2,700
Goodwill		$ (2,700)	$ (2,700)
Other non-current assets
Liabilities assumed
Expected final payments		$ 156	$ 156
Total		156	156
Wisconsin-based Northlake Engineering, Inc [Member]
Cash payments		14,015
Less: cash acquired		(315)
Total	$ 13,700	13,700
Current Assets		2,810	2,810
Property, plant, and equipment		1,407	1,407
Identifiable intangible assets	6,800	6,824	6,824
Goodwill	$ 7,800	5,121	5,121
Other non-current assets		158	158
Liabilities assumed		$ (2,620)	$ (2,620)
Expected final payments
Total		$ 13,700	$ 13,700
Total			13,700	$ 57,149
Goodwill		$ 158,589	$ 158,589		$ 154,732

Note 2 - Acquisition (Details)

Note 2 - Acquisition (Details) - Components of Fair Value of Acquisitions and Allocation of Purchase Price (Details) - USD ($) $ in Thousands	Sep. 04, 2014	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Enginetics [Member]
Payments to Acquire Businesses, Gross	$ 55,021
Less: cash acquired	(113)
Payments to Acquire Businesses, Net of Cash Acquired	54,908
Current Assets	12,134
Property, plant, and equipment	8,808
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	10,600
Goodwill	34,790
Other non-current assets	158
Liabilities assumed	(5,449)
Deferred taxes	(6,133)
Total	$ 54,908
Payments to Acquire Businesses, Net of Cash Acquired		$ 13,700	$ 57,149
Goodwill		$ 158,589		$ 154,732

Note 3 - Discontinued Operati41

Note 3 - Discontinued Operations (Details Textual) $ in Thousands	Mar. 30, 2012USD ($)	Oct. 31, 2015USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015	Jun. 30, 2015USD ($)
Discontinued Operations [Member]
Capital Lease Obligations, Current			$ 800
Liabilities, Current			600
Discontinued Operation Disposal Price	$ 16,100
Proceeds from Sales of Business, Affiliate and Productive Assets	13,100
Notes Receivable, Related Parties, Current	$ 3,000
Number of Facilities Used as Collateral Sold in Period				1
Proceeds from Advance Payment on Notes Receivable		$ 2,800
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax			(200)
Liabilities, Current			$ 117,937		$ 138,791

Note 3 - Discontinued Operati42

Note 3 - Discontinued Operations - Earnings (Losses) from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Net sales
Pre-tax earnings	$ (95)	$ (186)	$ (437)	$ (833)
(Provision) benefit for taxes	40	47	147	240
Net earnings (loss) from discontinued operations	$ (55)	$ (139)	$ (290)	$ (593)

Note 3 - Discontinued Operati43

Note 3 - Discontinued Operations - Assets and Liabilities Related to Discontinued Operations (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Current assets		$ 23
Other non-current assets	$ 14	3,014
Accrued expenses	1,400	1,383
Accrued pension and other non-current liabilities	$ 203	$ 896

Note 4 - Fair Value Measureme44

Note 4 - Fair Value Measurements - Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Deferred Compensation Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Marketable securities	$ 2,369	$ 2,324
Deferred Compensation Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Marketable securities
Deferred Compensation Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Marketable securities
Deferred Compensation Plan [Member]
Marketable securities	$ 2,369	$ 2,324
Fair Value, Inputs, Level 1 [Member]
Foreign exchange contracts assets
Foreign exchange contracts liabilities
Interest rate swaps
Fair Value, Inputs, Level 2 [Member]
Foreign exchange contracts assets	$ 4	$ 844
Foreign exchange contracts liabilities	202	193
Interest rate swaps	$ 943	$ 551
Fair Value, Inputs, Level 3 [Member]
Foreign exchange contracts assets
Foreign exchange contracts liabilities
Interest rate swaps
Foreign exchange contracts assets	$ 4	$ 844
Foreign exchange contracts liabilities	202	193
Interest rate swaps	$ 943	$ 551

Note 5 - Inventories (Details T

Note 5 - Inventories (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Selling Expense	$ 4.6	$ 5.4	$ 15.2	$ 17.9

Note 5 - Inventories - Summary

Note 5 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Raw materials	$ 48,576	$ 46,865
Work in process	30,761	29,165
Finished goods	29,675	32,275
Total	$ 109,012	$ 108,305

Note 6 - Goodwill - Changes to

Note 6 - Goodwill - Changes to Goodwill (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2016USD ($)
Food Service Equipment Group [Member]
Beginning balance, goodwill	$ 56,812
Translation Adjustment	(8)
Ending balance, goodwill	56,804
Engraving Group [Member]
Beginning balance, goodwill	20,248
Translation Adjustment	(7)
Ending balance, goodwill	20,241
Engineering Technologies Group [Member]
Beginning balance, goodwill	46,000
Translation Adjustment	(945)
Ending balance, goodwill	45,055
Electronics Products Group [Member]
Beginning balance, goodwill	28,614
Translation Adjustment	(304)
Ending balance, goodwill	33,431
Acquisitions	5,121
Hydraulics Products Group [Member]
Beginning balance, goodwill	3,058
Ending balance, goodwill	3,058
Beginning balance, goodwill	154,732
Translation Adjustment	(1,264)
Ending balance, goodwill	158,589
Acquisitions	$ 5,121

Note 7 - Intangible Assets (Det

Note 7 - Intangible Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Amortization of Intangible Assets	$ 1	$ 0.7	$ 2.6	$ 2.1
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	1.1		1.1
Finite-Lived Intangible Assets, Amortization Expense, Year Two	3.6		3.6
Finite-Lived Intangible Assets, Amortization Expense, Year Three	3.4		3.4
Finite-Lived Intangible Assets, Amortization Expense, Year Four	3.1		3.1
Finite-Lived Intangible Assets, Amortization Expense, Year Five	2.6		2.6
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 8.9		$ 8.9

Note 7 - Intangible Assets - Su

Note 7 - Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Customer Relationships [Member]
Cost	$ 47,232	$ 43,493
Accumulated amortization	(24,466)	(22,628)
Balance	22,766	20,865
Other Intangible Assets [Member]
Cost	4,504	4,096
Accumulated amortization	(2,923)	(2,427)
Balance	1,581	1,669
Trademarks [Member]
Cost	$ 17,944	$ 15,514
Accumulated amortization
Balance	$ 17,944	$ 15,514
Cost	69,680	63,103
Accumulated amortization	(27,389)	(25,055)
Balance	$ 42,291	$ 38,048

Note 8 - Warranties - Changes i

Note 8 - Warranties - Changes in Warranty Reserve (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2016	Jun. 30, 2015
Balance at beginning of year	$ 7,436	$ 6,941
Acquisitions and other	3	3
Warranty expense	10,532	11,086
Warranty claims	(9,006)	(10,594)
Balance at end of period	$ 8,965	$ 7,436

Note 9 - Debt (Details Textual)

Note 9 - Debt (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2015	Mar. 31, 2016
Amended and Restated Credit Agreement [Member]
Debt Instrument, Term	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 400,000,000	$ 246,800,000
Line Of Credit, Accordion Feature	100,000,000
Swing Line Loan [Member]
Line of Credit Facility, Maximum Borrowing Capacity	10,000,000
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	30,000,000
Standby Letters of Credit [Member]
Long-term Line of Credit		7,700,000
Debt Issuance Costs, Net	$ 1.30	$ 997,000

Note 9 - Debt - Maturities of L

Note 9 - Debt - Maturities of Long-term Debt (Details) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
2,016	$ 6,000
2,017	13,000
2,018	$ 6,000
2,019
2,020	$ 107,000,000
Thereafter
Funded Debt	$ 107,025,000
Issuance cost	(997,000)	$ (1.30)
Debt net of issuance cost	$ 106,028,000

Note 10 - Derivative Financia53

Note 10 - Derivative Financial Instruments (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2016	Jun. 30, 2015
Interest Rate Swap [Member]
Derivative, Notional Amount	$ 50,000,000	$ 50,000,000
Derivative, Average Fixed Interest Rate	1.43%	1.43%
Foreign Exchange Contract [Member]
Outstanding forward contracts, net unrealized gain loss.	$ (200,000)	$ (200,000)	$ 700,000
Derivative Instruments, Loss Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	$ 0	$ 0

Note 10 - Derivative Financia54

Note 10 - Derivative Financial Instruments - Fair Value of Swaps Recognized in Accrued Liabilities and in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2016	Jun. 30, 2015
Interest Rate Swap Effective March 15, 2012 [Member]
Notional Amount	$ 10,000
Fixed Rate	2.745%
Maturity	Mar. 15, 2016
Fair Value		$ (186)
Interest Rate Swap Effective December 19, 2014 Number One [Member]
Notional Amount	$ 20,000
Fixed Rate	1.18%
Maturity	Dec. 19, 2017
Fair Value	$ (187)	(140)
Interest Rate Swap Effective December 19, 2014 Number Two [Member]
Notional Amount	$ 5,000
Fixed Rate	1.20%
Maturity	Dec. 19, 2017
Fair Value	$ (48)	(36)
Interest Rate Swap Effective December 19, 2015 [Member]
Notional Amount	$ 15,000
Fixed Rate	1.46%
Maturity	Dec. 19, 2018
Fair Value	$ (289)	(39)
Interest Rate Swap Effective December 18, 2015 [Member]
Notional Amount	$ 10,000
Fixed Rate	2.005%
Maturity	Dec. 19, 2019
Fair Value	$ (419)	(150)
Fair Value	$ (943)	$ (551)

Note 10 - Derivative Financia55

Note 10 - Derivative Financial Instruments - Foreign Currency Exchange Contracts (Details) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Euro Member Countries, Euro
Derivative, Notional Amount	$ 4,479,373	$ 10,134,797
United Kingdom, Pounds
Derivative, Notional Amount	$ 144,853	$ 1,730,542

Note 10 - Derivative Financia56

Note 10 - Derivative Financial Instruments - Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Net Income (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Other Assets [Member] | Foreign Exchange Contract [Member]
Foreign exchange contracts	$ 4	$ 844
Other Liabilities [Member] | Foreign Exchange Contract [Member]
Liability	202	193
Other Liabilities [Member] | Interest Rate Swap [Member]
Liability	943	551
Other Liabilities [Member]
Liability	$ 1,145	$ 744

Note 10 - Derivative Financia57

Note 10 - Derivative Financial Instruments - Gain (Loss) Recognized in Comprehensive Income on Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Interest Rate Swap [Member]
Unrealized gain (loss)	$ (869)	$ (448)	$ (1,114)	$ (550)
Foreign Exchange Contract [Member]
Unrealized gain (loss)	(94)		107
Unrealized gain (loss)	$ (963)	$ (448)	$ (1,007)	$ (550)

Note 10 - Derivative Financia58

Note 10 - Derivative Financial Instruments - Details about Accumulated Other Comprehensive Income (Loss) Components (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Interest Rate Swap [Member] | Interest Expense [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated other comprehensive income (loss) component	$ 176	$ 296	$ 442	$ 802
Foreign Exchange Contract [Member] | Cost of Sales [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated other comprehensive income (loss) component	72		33
Interest Expense [Member]
Accumulated other comprehensive income (loss) component	247	$ 296	474	$ 802
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated other comprehensive income (loss) component	$ 248	$ 296	$ 475	$ 802

Note 11 - Retirement Benefits59

Note 11 - Retirement Benefits (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Pension Plan [Member]
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			$ 1.4
Defined Benefit Plan, Contributions by Employer	$ 0.3	$ 0.6	1	$ 1.1
Foreign Pension Plan [Member] | UNITED KINGDOM
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			0.9
Foreign Pension Plan [Member] | GERMANY
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			0.3
United States Pension Plan of US Entity [Member] | UNITED STATES
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			$ 0.2

Note 11 - Retirement Benefits -

Note 11 - Retirement Benefits - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
United States Pension Plan of US Entity [Member]
Service cost	$ 18	$ 53	$ 52	$ 158
Interest cost	2,872	2,619	8,617	7,857
Expected return on plan assets	(3,466)	(3,489)	(10,398)	(10,466)
Recognized net actuarial loss	994	986	2,984	2,959
Amortization of prior service cost	4	14	11	41
Net periodic benefit cost	422	183	1,266	549
Foreign Pension Plan [Member]
Service cost	9	10	26	34
Interest cost	346	389	1,080	1,229
Expected return on plan assets	(313)	(355)	(980)	(1,118)
Recognized net actuarial loss	201	180	631	569
Amortization of prior service cost	(12)	(12)	(36)	(40)
Net periodic benefit cost	$ 231	$ 212	$ 721	$ 674

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Effective Income Tax Rate Reconciliation, Percent	28.70%	24.90%	26.30%	26.60%

Note 13 - Earnings Per Share (D

Note 13 - Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			30,850	28,111

Note 13 - Earnings Per Share -

Note 13 - Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Basic - Average shares outstanding (in shares)	12,697	12,657	12,682	12,656
Unvested, restricted stock awards (in shares)	71	131	94	152
Diluted - Average shares outstanding (in shares)	12,768	12,788	12,776	12,808

Note 14 - Comprehensive Incom64

Note 14 - Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Foreign currency translation adjustment	$ (19,093)	$ (13,333)
Unrealized pension losses, net of tax	(76,391)	(79,248)
Unrealized losses on derivative instruments, net of tax	(766)	(436)
Total	$ (96,250)	$ (93,017)

Note 16 - Industry Segment In65

Note 16 - Industry Segment Information (Details Textual)	9 Months Ended
	Mar. 31, 2016
Food Service Equipment Group [Member]
Number of Operating Segments	7
Number of Reportable Segments	5

Note 16 - Industry Segment In66

Note 16 - Industry Segment Information - Net Sales and Income (Loss) by Industry Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Food Service Equipment Group [Member]
Net sales	$ 87,944	$ 91,064	$ 286,093	$ 303,430
Income from operations	8,455	6,404	29,183	24,989
Restructuring costs	(170)	(186)	(2,296)	(1,650)
Engraving Group [Member]
Net sales	28,560	26,896	94,016	81,609
Income from operations	$ 5,305	5,757	22,655	18,647
Restructuring costs		(15)	(35)	(79)
Engineering Technologies Group [Member]
Net sales	$ 19,358	24,590	58,780	71,314
Income from operations	$ 1,744	3,655	4,512	9,093
Restructuring costs		(55)	(160)	(55)
Electronics Products Group [Member]
Net sales	$ 29,909	28,006	86,245	85,299
Income from operations	5,263	5,298	15,338	15,582
Restructuring costs	(215)	(142)	(762)	(570)
Hydraulics Products Group [Member]
Net sales	11,694	10,443	32,677	30,711
Income from operations	2,007	1,723	5,502	4,897
Corporate and Other [Member]
Income from operations	(5,223)	(4,607)	(17,478)	(15,874)
Net sales	177,465	180,999	557,811	572,363
Income from operations	17,160	17,832	56,325	54,921
Restructuring costs	(391)	(398)	(3,387)	(2,354)
Interest expense	(807)	(938)	(2,182)	(2,369)
Other non-operating income (expense)	(115)	103	369	556
Other non-operating income	(115)	103	369	556
Income from continuing operations before income taxes	$ 16,238	$ 16,997	$ 54,512	53,108
Other operating income (expense), net				$ (59)

Note 16 - Industry Segment In67

Note 16 - Industry Segment Information - Assets by Industry Segments (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Food Service Equipment Group [Member]
Assets	$ 204,020	$ 218,334
Engraving Group [Member]
Assets	119,874	114,268
Engineering Technologies Group [Member]
Assets	139,360	141,351
Electronics Products Group [Member]
Assets	111,213	90,948
Hydraulics Products Group [Member]
Assets	24,296	22,705
Corporate and Other [Member]
Assets	78,843	71,457
Assets	$ 677,606	$ 659,063

Note 17 - Restructuring (Detail

Note 17 - Restructuring (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Severance and Non-cash Lease Impairment Costs [Member]
Restructuring Costs	$ 400		$ 3,400
Restructuring Costs	391	$ 398	3,387	$ 2,354
Restructuring Costs and Asset Impairment Charges	500		1,700
Restructuring and Related Cost, Expected Cost	3,700		3,700
Restructuring Charges	$ 391	$ 398	$ 3,387	$ 2,354

Note 17 - Restructuring - Summa

Note 17 - Restructuring - Summary of Severance, Restructuring, and Related Charges by Initiative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Involuntary Employee Severance And Benefit Costs [Member] | Current Year Restructuring Initiatives [Member]
Restructuring Charges	$ 236	$ 243	$ 966	$ 576
Involuntary Employee Severance And Benefit Costs [Member] | Prior Year Initiatives [Member]
Restructuring Charges			59	125
Involuntary Employee Severance And Benefit Costs [Member]
Restructuring Charges	$ 236	$ 243	1,025	701
Other Restructuring [Member] | Current Year Restructuring Initiatives [Member]
Restructuring Charges	89	$ 155	256	953
Other Restructuring [Member] | Prior Year Initiatives [Member]
Restructuring Charges	66		2,106	700
Other Restructuring [Member]
Restructuring Charges	155	$ 155	2,362	1,653
Current Year Restructuring Initiatives [Member]
Restructuring Charges	325	$ 398	1,222	1,529
Prior Year Initiatives [Member]
Restructuring Charges	66		2,165	825
Restructuring Charges	$ 391	$ 398	$ 3,387	$ 2,354

Note 17 - Restructuring - Sum70

Note 17 - Restructuring - Summary of Activity in Reserves Related to Restructuring Initiatives (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2016USD ($)
Involuntary Employee Severance And Benefit Costs [Member] | Current Year Restructuring Initiatives [Member]
Restructuring liabilities
Additions and adjustments	$ 968
Payments	(792)
Restructuring liabilities	176
Involuntary Employee Severance And Benefit Costs [Member] | Prior Year Initiatives [Member]
Restructuring liabilities	82
Additions and adjustments	60
Payments	(137)
Restructuring liabilities	$ 5
Other Restructuring [Member] | Current Year Restructuring Initiatives [Member]
Restructuring liabilities
Additions and adjustments	$ 344
Payments	$ (344)
Restructuring liabilities
Other Restructuring [Member] | Prior Year Initiatives [Member]
Restructuring liabilities	$ 301
Additions and adjustments	267
Payments	(377)
Restructuring liabilities	$ 191
Current Year Restructuring Initiatives [Member]
Restructuring liabilities
Additions and adjustments	$ 1,312
Payments	(1,136)
Restructuring liabilities	176
Prior Year Initiatives [Member]
Restructuring liabilities	383
Additions and adjustments	327
Payments	(514)
Restructuring liabilities	$ 196

Note 17 - Restructuring - Sum71

Note 17 - Restructuring - Summary of Restructuring Expenses by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Involuntary Employee Severance And Benefit Costs [Member] | Food Service Equipment Group [Member]
Restructuring Charges	$ 77	$ 52	$ 99	$ 219
Involuntary Employee Severance And Benefit Costs [Member] | Engraving Group [Member]
Restructuring Charges		18	35	79
Involuntary Employee Severance And Benefit Costs [Member] | Engineering Technologies Group [Member]
Restructuring Charges		55	160	55
Involuntary Employee Severance And Benefit Costs [Member] | Electronics Products Group [Member]
Restructuring Charges	$ 159	118	603	348
Involuntary Employee Severance And Benefit Costs [Member] | Corporate Segment [Member]
Restructuring Charges			128
Involuntary Employee Severance And Benefit Costs [Member]
Restructuring Charges	$ 236	243	1,025	701
Other Restructuring [Member] | Food Service Equipment Group [Member]
Restructuring Charges	$ 93	134	$ 2,197	$ 1,431
Other Restructuring [Member] | Engraving Group [Member]
Restructuring Charges		$ (3)
Other Restructuring [Member] | Engineering Technologies Group [Member]
Restructuring Charges
Other Restructuring [Member] | Electronics Products Group [Member]
Restructuring Charges	$ 56	$ 24	$ 159	$ 222
Other Restructuring [Member] | Corporate Segment [Member]
Restructuring Charges	6		6
Other Restructuring [Member]
Restructuring Charges	155	155	2,362	1,653
Food Service Equipment Group [Member]
Restructuring Charges	$ 170	186	2,296	1,650
Engraving Group [Member]
Restructuring Charges		15	35	79
Engineering Technologies Group [Member]
Restructuring Charges		55	160	55
Electronics Products Group [Member]
Restructuring Charges	$ 215	142	762	570
Corporate Segment [Member]
Restructuring Charges	6		134
Restructuring Charges	$ 391	$ 398	$ 3,387	$ 2,354