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Subsequent Event Subsequent Events (Notes) | 12 Months Ended
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Jun. 30, 2014
Subsequent Events [Abstract] |
Subsequent Events [Text Block] | SUBSEQUENT EVENTS We have evaluated events and transactions occurring subsequent to June 30, 2014 through the date the financial statements were issued. On July 1, 2014, the Company acquired 100% of the outstanding stock of Knox Oil Field Supply Inc. (“Knox”), headquartered in San Angelo, Texas, for a total purchase price of $132,800. The acquisition of Knox compliments and expands the Company’s capabilities to serve the upstream oil and gas industry in the United States. As a distributor of oilfield supplies and related services, this business will be included in the Service Center Based Distribution Segment. The Company funded the acquisition by using a $120,000 draw on the uncommitted shelf facility with Prudential Insurance Company at a fixed interest rate of 3.19% with an average seven year life, as well as cash on hand. The financial results of the operations acquired will be included in the Company’s results of operations from July 1, 2014. Due to the timing of this acquisition, the purchase price allocation and pro forma information concerning the acquisition were not available for disclosure as of the date these financial statements were issued. Also on July 1, 2014, the Company acquired substantially all of the net assets of Rodamientos y Derivados del Norte S.A. de C.V., a Mexican distributor of bearings and power transmission products and related products, and Great Southern Bearings / Northam Bearings, a Western Australia distributor of bearings and power transmission products for a combined purchase price of approximately $12,800. The Company funded these acquisitions from borrowings under the revolving credit facility at a variable interest rate. The acquired businesses will be included in the Service Center Based Distribution Segment from July 1, 2014.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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