Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 1076

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 6
Chunk 1076
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 R&D tax credits of $2.5 million, (iii) a tax provision of $1.8 million related to officers’ compensation, (iv) a tax provision of $3.0 million related to cash repatriation, and (v) a tax benefit of $9.1 million (inclusive of $1.2 million of interest) related to the release of a Sec. 965 toll tax uncertain tax position due to the lapse of statute of limitations. 
    
   The income tax provision from continuing operations for the fiscal year ended  June 30, 2024 was impacted by the following items: (i) a tax provision of $3.1 million due to the mix of income in various jurisdictions, (ii) tax benefits of $2.8 million related to foreign tax credits of $0.7 million, as well as Federal R&D tax credits of $2.1 million, (iii) a tax provision of $3.8 million related to officers’ compensation, and (iv) a tax benefit of $3.8 million relating to share-based compensation. 

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   The income tax provision from continuing operations for the fiscal year ended  June 30, 2023 was impacted by the following items: (i) a tax benefit of $4.3 million due to the mix of income in various jurisdictions, (ii) tax benefits of $14.3 million primarily related to foreign tax credits of $11.6 million, as well as Federal R&D tax credits of $2.7 million, (iii) a tax provision of $11.3 million related to the U.S. tax effects of international operations, and (iv) a tax benefit of $5.0 million relating to the partial release of the valuation.
    
   Significant components of the Company’s deferred income taxes are as follows (in thousands):

       2025    2024  
 Deferred tax liabilities:         
 Depreciation and amortization  $(32,396) $(27,625)
 Withholding taxes   (3,421)  (3,197)
 Other   -   (423)
 Operating lease right-of-use-asset   (5,100)  (4,532)
 Total deferred tax liability  $(40,917) $(35,777)
         
 Deferred tax assets:         
 Accrued compensation  $2,553  $2