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10-Q Filing

STANDEX INTERNATIONAL CORP/DE/ CIK: 310354 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000310354-16-000097
Period End Date 20160930
Filing Date 20161028
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance sxi-20160930.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Reserve for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $2.28M USD Point-in-time
Reserve for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $2.12M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $95.33M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.50 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $121.99M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $121.25M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $96.13M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.50 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 60.00B shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 60.00B shares Point-in-time
Accounts receivable, net of reserve for doubtful accounts of $2,279 and $2,119 at September 30, 2016 and June 30, 2016 AccountsReceivableNetCurrent $103.21M USD Point-in-time
Accounts receivable, net of reserve for doubtful accounts of $2,279 and $2,119 at September 30, 2016 and June 30, 2016 AccountsReceivableNetCurrent $103.97M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 27.98B shares Point-in-time
Inventories InventoryNet $105.40M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 27.98B shares Point-in-time
Inventories InventoryNet $106.02M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $4.78M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 12.66B shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 12.67B shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $7.56M USD Point-in-time
Treasury shares, shares (in shares) TreasuryStockShares 15.33B shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $3.33M USD Point-in-time
Treasury shares, shares (in shares) TreasuryStockShares 15.31B shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $1.32M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNetCurrent $14.90M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNetCurrent $16.01M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $2.36M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent - USD Point-in-time
Total current assets AssetsCurrent $356.27M USD Point-in-time
Total current assets AssetsCurrent $355.85M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $106.69M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $109.09M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $40.41M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $39.55M USD Point-in-time
Goodwill Goodwill $157.06M USD Point-in-time
Goodwill Goodwill $157.35M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNetNoncurrent $9.29M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNetNoncurrent $11.36M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $18.80M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $21.69M USD Point-in-time
Total non-current assets AssetsNoncurrent $336.69M USD Point-in-time
Total non-current assets AssetsNoncurrent $334.61M USD Point-in-time
Total assets Assets $692.96M USD Point-in-time
Total assets Assets $690.46M USD Point-in-time
Accounts payable AccountsPayableCurrent $62.61M USD Point-in-time
Accounts payable AccountsPayableCurrent $77.10M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $50.78M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $50.44M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.17M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.70M USD Point-in-time
Liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent - USD Point-in-time
Liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $1.53M USD Point-in-time
Total current liabilities LiabilitiesCurrent $118.22M USD Point-in-time
Total current liabilities LiabilitiesCurrent $134.11M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $92.11M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $104.21M USD Point-in-time
Accrued pension and other non-current liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $91.87M USD Point-in-time
Accrued pension and other non-current liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $94.28M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $196.08M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $186.39M USD Point-in-time
Common stock, par value $1.50 per share, 60,000,000 shares authorized, 27,984,278 issued, 12,658,234 and 12,674,458 outstanding at September 30, 2016 and June 30, 2016 CommonStockValue $41.98M USD Point-in-time
Common stock, par value $1.50 per share, 60,000,000 shares authorized, 27,984,278 issued, 12,658,234 and 12,674,458 outstanding at September 30, 2016 and June 30, 2016 CommonStockValue $41.98M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $53.56M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $52.37M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $690.11M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $678.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-117.83M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-117.97M USD Point-in-time
Treasury shares: 15,326,044 shares at September 30, 2016 and 15,309,820 shares at June 30, 2016 TreasuryStockValue $289.16M USD Point-in-time
Treasury shares: 15,326,044 shares at September 30, 2016 and 15,309,820 shares at June 30, 2016 TreasuryStockValue $284.42M USD Point-in-time
Total stockholders' equity StockholdersEquity $378.66M USD Point-in-time
Total stockholders' equity StockholdersEquity $369.96M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $690.46M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $692.96M USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $179.60M USD 1 Quarter
Net sales SalesRevenueNet $198.40M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $117.82M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $129.85M USD 1 Quarter
Gross profit GrossProfit $61.78M USD 1 Quarter
Gross profit GrossProfit $68.55M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $41.61M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $43.93M USD 1 Quarter
Restructuring costs RestructuringCosts $394.00K USD 1 Quarter
Restructuring costs RestructuringCosts $1.52M USD 1 Quarter
Total operating expenses OperatingExpenses $42.01M USD 1 Quarter
Total operating expenses OperatingExpenses $45.45M USD 1 Quarter
Income from operations OperatingIncomeLoss $19.77M USD 1 Quarter
Income from operations OperatingIncomeLoss $23.10M USD 1 Quarter
Interest expense InterestExpense $697.00K USD 1 Quarter
Interest expense InterestExpense $644.00K USD 1 Quarter
Other non-operating income (expense) OtherNonoperatingIncomeExpense $434.00K USD 1 Quarter
Other non-operating income (expense) OtherNonoperatingIncomeExpense $190.00K USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $22.65M USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $19.51M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $5.56M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.51M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $13.95M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $16.14M USD 1 Quarter
Income (loss) from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-160.00K USD 1 Quarter
Income (loss) from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-50.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $15.98M USD 1 Quarter
Net income (loss) NetIncomeLoss $13.90M USD 1 Quarter
Continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $1.10 USD 1 Quarter
Continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $1.27 USD 1 Quarter
Discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $-0.01 USD 1 Quarter
Discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Total (in dollars per share) EarningsPerShareBasic $1.10 USD 1 Quarter
Total (in dollars per share) EarningsPerShareBasic $1.26 USD 1 Quarter
Continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $1.26 USD 1 Quarter
Continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $1.09 USD 1 Quarter
Discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $-0.01 USD 1 Quarter
Total (in dollars per share) EarningsPerShareDiluted $1.09 USD 1 Quarter
Total (in dollars per share) EarningsPerShareDiluted $1.25 USD 1 Quarter
Cash dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.12 USD 1 Quarter
Cash dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.14 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $15.98M USD 1 Quarter
Net income NetIncomeLoss $13.90M USD 1 Quarter
(Income) loss from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-160.00K USD 1 Quarter
(Income) loss from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-50.00K USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $13.95M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $16.14M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.37M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.41M USD 1 Quarter
Stock-based compensation ShareBasedCompensationContinuingOperations $1.78M USD 1 Quarter
Stock-based compensation ShareBasedCompensationContinuingOperations $1.36M USD 1 Quarter
Non-cash portion of restructuring charge OtherRestructuringCosts $-19.00K USD 1 Quarter
Non-cash portion of restructuring charge OtherRestructuringCosts $1.05M USD 1 Quarter
Excess tax benefit from share-based payment activity ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $471.00K USD 1 Quarter
Excess tax benefit from share-based payment activity ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $393.00K USD 1 Quarter
Contributions to defined benefit plans IncreaseDecreaseInPensionPlanObligations $-328.00K USD 1 Quarter
Contributions to defined benefit plans IncreaseDecreaseInPensionPlanObligations $-246.00K USD 1 Quarter
Net changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $14.71M USD 1 Quarter
Net changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $17.98M USD 1 Quarter
Net cash provided by (used in) operating activities - continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $7.87M USD 1 Quarter
Net cash provided by (used in) operating activities - continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.06M USD 1 Quarter
Net cash provided by (used in) operating activities - discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-528.00K USD 1 Quarter
Net cash provided by (used in) operating activities - discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-82.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $7.34M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $974.00K USD 1 Quarter
Expenditures for property, plant, and equipment PaymentsForProceedsFromProductiveAssets $7.12M USD 1 Quarter
Expenditures for property, plant, and equipment PaymentsForProceedsFromProductiveAssets $5.34M USD 1 Quarter
Proceeds from disposal of a business ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Proceeds from disposal of a business ProceedsFromDivestitureOfBusinesses $699.00K USD 1 Quarter
Other investing activity PaymentsForProceedsFromOtherInvestingActivities $-52.00K USD 1 Quarter
Other investing activity PaymentsForProceedsFromOtherInvestingActivities $-13.00K USD 1 Quarter
Net cash (used in) investing activities - continuing operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-5.29M USD 1 Quarter
Net cash (used in) investing activities - continuing operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-6.41M USD 1 Quarter
Net cash provided by investing activities - discontinued operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations - USD 1 Quarter
Net cash provided by investing activities - discontinued operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations - USD 1 Quarter
Net cash (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-5.29M USD 1 Quarter
Net cash (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-6.41M USD 1 Quarter
Borrowings on revolving credit facility ProceedsFromLinesOfCredit $23.00M USD 1 Quarter
Borrowings on revolving credit facility ProceedsFromLinesOfCredit $29.50M USD 1 Quarter
Payments of revolving credit facility RepaymentsOfLinesOfCredit $17.50M USD 1 Quarter
Payments of revolving credit facility RepaymentsOfLinesOfCredit $20.50M USD 1 Quarter
Activity under share-based payment plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans $668.00K USD 1 Quarter
Activity under share-based payment plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans $366.00K USD 1 Quarter
Excess tax benefit from share-based payment activity ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $471.00K USD 1 Quarter
Excess tax benefit from share-based payment activity ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $393.00K USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $5.68M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $2.00M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $1.77M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $1.52M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $5.31M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $125.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-2.99M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-607.00K USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-803.00K USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-735.00K USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $95.33M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $121.99M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $121.25M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $96.13M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $95.33M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $121.99M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $121.25M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $96.13M USD Point-in-time
Interest InterestPaid $589.00K USD 1 Quarter
Interest InterestPaid $542.00K USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $3.83M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $6.90M USD 1 Quarter
Comprehensive Income 24 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $15.98M USD 1 Quarter
Net income NetIncomeLoss $13.90M USD 1 Quarter
Actuarial gains (losses) and other changes in unrecognized costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax $-296.00K USD 1 Quarter
Actuarial gains (losses) and other changes in unrecognized costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax $-115.00K USD 1 Quarter
Amortization of unrecognized costs OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-1.20M USD 1 Quarter
Amortization of unrecognized costs OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-1.44M USD 1 Quarter
Change in unrealized gains and (losses) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-478.00K USD 1 Quarter
Change in unrealized gains and (losses) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $61.00K USD 1 Quarter
Foreign currency translation gains (losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.17M USD 1 Quarter
Foreign currency translation gains (losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-6.14M USD 1 Quarter
Other comprehensive income (loss) before tax OtherComprehensiveIncomeLossBeforeTax $671.00K USD 1 Quarter
Other comprehensive income (loss) before tax OtherComprehensiveIncomeLossBeforeTax $-5.00M USD 1 Quarter
Actuarial gains (losses) and other changes in unrecognized costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax $90.00K USD 1 Quarter
Actuarial gains (losses) and other changes in unrecognized costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax $-58.00K USD 1 Quarter
Amortization of unrecognized costs OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax $506.00K USD 1 Quarter
Amortization of unrecognized costs OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax $422.00K USD 1 Quarter
Change in unrealized gains and (losses) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-182.00K USD 1 Quarter
Change in unrealized gains and (losses) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $23.00K USD 1 Quarter
Income tax provision (benefit) to other comprehensive income (loss) OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-344.00K USD 1 Quarter
Income tax provision (benefit) to other comprehensive income (loss) OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-523.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-5.34M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $148.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $14.05M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $10.64M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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