Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 862

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 2
Chunk 862
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5    2024    2023  
 Basic – Average Shares Outstanding   11,926   11,763   11,810 
 Effect of Dilutive Securities – Stock Options and Restricted Stock Awards   90   141   199 
 Diluted – Average Shares Outstanding   12,016   11,904   12,009 

       Both basic and diluted income is the same for computing earnings per share. There were no outstanding instruments that had an anti-dilutive effect at  June 30, 2025, 2024 or 2023.  

       36

   Recently Issued Accounting Pronouncements   From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that we adopt as of the specified effective date. Unless otherwise discussed below, the Company does not believe that the adoption of recently issued standards had or  may have a material impact on its condensed consolidated financial statements or disclosures. The Company adopted ASC 2023-07 in fiscal 2025. See Note 17. Industry Segment Information.   In  November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) ("ASU 2023-07"). This update provides, among other things, enhanced segment disclosure requirements including disclosures about significant segment expenses. .   In  December 2023, the FASB issued ASU 2023- 09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures. This ASU is expected to enhance the transparency and decision usefulness of income tax disclosures by requiring public business entities on an annual basis to disclose specific categories in the rate reconciliation, additional information for reconciling items that meet a quantitative threshold, and certain information about income taxes paid. This ASU is effective for fiscal years beginning after  December 15, 2024. The amendments in this ASU are required to be applied on a prospective basis and retrospective adoption is permitted. The Company is currently evaluating the effect of adopting this new accounting guidance, which would be applicable to fiscal year 2026.   In  November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income (Topic 220): Expense Disaggregation Disclosures. Additionally, in  January 2025, the FASB issued ASU 2025-01