Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 882

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 2
Chunk 882
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000   - 

   The table below presents the fair value of derivative financial instruments as well as their classification on the balance sheet at  June 30, (in thousands):

      Asset Derivatives  
  2025   2024  
 Derivative designated as hedging instruments  Balance Sheet Line Item   Fair Value  Balance Sheet Line Item   Fair Value 
 Interest rate swaps  Prepaid expenses and other current assets  $-  Prepaid expenses and other current assets  $4,673 
  $-   $4,673 

   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):

       2025    2024    2023  
 Interest rate swaps  $149  $1,154  $6,567 
 Foreign exchange contracts   -   315   (437)
  $149  $1,469  $6,130 

       46

   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 Income (Loss) Components  2025  2024  2023  Affected line item in the Statements of Operations 
 Interest rate swaps  (4,468) (6,865) (4,704) Interest expense 
 Foreign exchange contracts  -  (215) 672  Other non-operating income 
  $(4,468) $(7,080) $(4,032) 

   11. Income Taxes
    
   The components of income from continuing operations before income taxes are as follows (in thousands):
   
       2025    2024    2023  
 U.S. Operations   (4,833) $33,891  $52,091 
 Non-U.S. Operations   73,643   61,232   111,858 
 Total  $68,810  $95,123  $163,949 

   The Company utilizes the asset and liability method of accounting for income taxes.  Deferred income taxes are determined based on the estimated future tax effects of differences between the financial