Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 759

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 4
Chunk 759
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 from a customer prior to transferring goods or services to the customer under the terms of a contract, a contract liability is recorded.  Contract liabilities are recognized as revenue after control 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