Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 682

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7
Chunk 682
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 liability  $51,186  $39,014 

   Lease cost
    
   The components of lease costs are as follows (in thousands):

       Year Ended    Year Ended  
   June 30, 2025    June 30, 2024  
 Operating lease cost  $13,745  $11,477 
 Variable lease cost   1,274   1,270 
 Net lease cost  $15,019  $12,747 

   Maturity of lease liability
    
   The maturity of the Company's lease liabilities included in continuing operations at  June 30, 2025 were as follows (in thousands):

       Operating Leases  
 2026  $13,097 
 2027   11,251 
 2028   8,850 
 2029   6,777 
 2030   4,624 
 After 2030   16,060 
 Less: interest   (9,473)
 Present value of lease liabilities  $51,186 

   The weighted average remaining lease term and discount rates are as follows:

     Lease Term and Discount Rate   June 30, 2025  
 Weighted average remaining lease term (years)   8.18 
     
 Weighted average discount rate (percentage)   4.31%

   Other Information
    
   Supplemental cash flow information related to leases is as follows:

       Year Ended    Year Ended  
   June 30, 2025    June 30, 2024  
 Operating cash outflows from operating leases  $12,615  $11,204 

       58

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
To the stockholders and the Board of Directors of Standex International Corporation
 
Opinion on the Financial Statements
 
We have audited the accompanying consolidated balance sheets of Standex International Corporation and subsidiaries (the "Company") as of June 30, 2025 and 2024, the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows, for the each of the three years in the period ended June 30, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects,