Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 540

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 5
Chunk 540
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 of the goods and services are transferred to the customer and all revenue recognition criteria have been met.
    
   The following table provides information about contract assets and liability balances (in thousands):

     Year ended June 30, 2025   Balance at Beginning of Period   Additions   Deductions   Balance at End of Period 
 Contract assets:                 
 Contract assets  $45,393   84,722   70,887  $59,228 
 Contract liabilities:                 
 Customer deposits  $1,766   10,755   7,332  $5,189 

     Year ended June 30, 2024   Balance at Beginning of Period   Additions   Deductions   Balance at End of Period 
 Contract assets:                 
 Prepaid expenses and other current assets  $31,138   75,752   61,497  $45,393 
 Contract liabilities:                 
 Customer deposits  $-   1,766   0  $1,766 

   We recognized the following revenue which was included in the contract liability beginning balances (in thousands):

       Year ended  
 Revenue recognized in the period from:   June 30, 2025  
 Amounts included in the contract liability balance at the beginning of the year  $1,766 

       Year ended  
 Revenue recognized in the period from:   June 30, 2024  
 Amounts included in the contract liability balance at the beginning of the year  $- 

       Year ended  
 Revenue recognized in the period from:   June 30, 2023  
 Amounts included in the contract liability balance at the beginning of the year  $41 

   4. Inventories
    
   Inventories are comprised of (in thousands):

     June 30   2025    2024  
 Raw materials  $57,302  $44,536 
 Work in process   34,298   16,202 
 Finished goods   38,394   26,368 
 Total  $129,994  $87,106 

   Distribution costs associated with the sale of inventory are recorded as a component of selling, general and administrative expenses and were $11.5 million, $10.8