Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 1044

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 6
Chunk 1044
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 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   (1,170)  (1,556)  (947)
 Balance at end of year  $3,985  $1,882  $2,788 

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   Inventories   Inventories are stated at the lower of (first-in, first-out) cost or market. Inventory quantities on hand are reviewed regularly, and write downs are made for obsolete, slow moving, and non-saleable inventory, based primarily on management’s forecast of customer demand for those products in inventory.  

   Long-Lived Assets   Long-lived assets that are used in operations, excluding goodwill and identifiable intangible assets, are tested for recoverability whenever events or