Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 629

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7
Chunk 629
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 of the balance sheet dates. For pension assets held in commingled funds (see Note 16 – Employee Benefit Plans), the Company values investments based on the net asset value of the funds, which are derived from the quoted market prices of the underlying fund holdings. 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.   The Company did not have any transfers of assets and liabilities among levels of the fair value measurement hierarchy during the years ended  June 30, 2025 or 2024. The Company’s policy is to recognize transfers between levels as of the date they occur.   Cash and cash equivalents, accounts receivable, accounts payable and debt are carried at cost, which approximates fair value.   The fair values of our financial instruments at  June 30, 2025 and 2024 were (in thousands):  
    
        2025  
   Total    Level 1    Level 2    Level 3  
 Financial Assets                 
 Marketable securities - deferred compensation plan  $4,980  $4,980  $-  $- 
 Debt securities   3,629   -   -   3,629 
 Equity securities   2,211   -   -   2,211 
                 
 Financial Liabilities                 
 Foreign exchange contracts  $68   -   68   - 
 Contingent consideration(a)   660   -   -   660 

        2024  
   Total    Level 1    Level 2    Level 3  
 Financial Assets                 
 Marketable securities - deferred compensation plan  $4,917  $4,917  $-  $- 
 Interest rate swaps   4,673   -   4,673   - 
 Debt securities   2,679   -   -   2,679 
 Equity securities   2,009   -   -   2,009 
                 
 Financial Liabilities                 
 Contingent consideration(a)  $660   -   -   660 

       (a) The Company’s financial liabilities based upon