Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 938

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7A
Chunk 938
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 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 (unadjusted) 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. For pension assets (see Note 16 – Employee Benefit Plans), securities are valued based on quoted market prices for securities held directly by the trust.   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. 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,