Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 667

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7
Chunk 667
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 accumulated other comprehensive income (loss) are as follows (in thousands):

       2025    2024    2023  
 Foreign currency translation adjustment  $(74,788) $(91,928) $(74,373)
 Unrealized pension (losses), net of tax   (90,972)  (95,516)  (92,761)
 Unrealized (losses) gains on derivative instruments, net of tax   995   4,488   8,657 
 Total accumulated other comprehensive income  $(164,765) $(182,956) $(158,477)

   15. restructuring
    
   The Company has undertaken a number of initiatives that have resulted in severance, restructuring, and related charges. Restructuring liabilities are included in accrued liabilities on the consolidated balance sheet. A summary of charges by initiative is as follows (in thousands):

       Involuntary Employee          
   Severance and          
 Year Ended June 30,   Benefit Costs    Other    Total  
 2025 Restructuring Initiatives  $2,679  $1,164  $3,843 
 Prior Year Initiatives   2,189   871   3,060 
 Total expense  $4,868  $2,035  $6,903 
             
 2024 Restructuring Initiatives  $4,484  $3,386  $7,870 
 Prior Year Initiatives   184   152   336 
 Total expense  $4,668  $3,538  $8,206 
             
 2023 Restructuring Initiatives  $2,361  $213  $2,574 
 Prior Year Initiatives   456   801   1,257 
 Total expense  $2,817  $1,014  $3,831 

   2025 Restructuring Initiatives
    
   The Company continues to focus our efforts to reduce cost and improve productivity across our businesses, particularly through headcount reductions, facility closures, and consolidations. Restructuring expenses primarily related to headcount reductions and other cost saving initiatives. During fiscal year 2025, we also incurred restructuring expenses related to third party assistance with analysis