Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 407

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 3
Chunk 407
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 of its assets and liabilities as of  June 30, 2025 and the issuance date of this Annual Report on Form 10-K.  

   Cash and Cash Equivalents   Cash and cash equivalents include highly liquid investments purchased with a maturity of three months or less. These investments are carried at cost, which approximates fair value. At  June 30, 2025 and 2024, the Company’s cash was comprised solely of cash on deposit.  

   Trading Securities   The Company purchases investments for its non-qualified defined contribution plan for employees who exceed certain thresholds under our traditional 401(k) plan. These investments are classified as trading and reported at fair value. The investments, generally consisting of mutual funds, are included in other non-current assets and amounted to $5.0 million at  June 30, 2025 and $4.9 million at  June 30, 2024. Gains and losses on these investments are recorded as other non-operating (income) expense, net in the Consolidated Statements of Operations.  

   Accounts Receivable Allowances   The Company has provided an allowance for credit losses. All trade account receivables are reported net of allowances for expected credit losses. The allowances for expected credit losses represent management’s best estimate of the credit losses expected from our trade account receivables over the life of the underlying assets. Assets with similar risk characteristics are pooled together for determination of their current expected credit losses. The Company regularly performs detailed reviews of its pooled assets to evaluate the collectability of receivables based on a combination of past, current, and future financial and qualitative factors that  may affect customers’ ability to pay. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations, a specific reserve is recorded against amounts due to reduce the recognized receivable to the amount reasonably expected to be collected.   The changes in the allowances for credit losses accounts during 2025, 2024, and 2023 were as follows (in thousands):  
    
        2025    2024    2023  
 Balance at beginning of year  $1,882  $2,788  $2,214 
 Acquisitions and other   1,700   (18)  - 
 Provision charged to expense   1,573   668   1,521 
 Write-offs, net of recoveries