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Business Combinations Assets Acquired (Tables) | 12 Months Ended
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Jun. 30, 2014
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of Reliance based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment:
| Reliance Acquisition |
| 2014 |
Accounts receivable | $ | 20,573 |
Inventories | 22,932 |
Other current assets | 6,731 |
Property | 13,294 |
Identifiable intangible assets | 73,211 |
Goodwill | 79,074 |
Total assets acquired | 215,815 |
Accounts payable and accrued liabilities | 16,099 |
Deferred income taxes | 19,906 |
Net assets acquired | $ | 179,810 |
Purchase price | $ | 188,477 |
Reconciliation of fair value transferred: |
Cash acquired | (1,369 | )
Working capital adjustments | (8,173 | )
Debt assumed | 875 |
Total Consideration | $ | 179,810 |
The following table summarizes the fair values of assets acquired and liabilities assumed for these acquisitions:
| 2013 |
Accounts receivable | $ | 7,514 |
Inventories | 23,723 |
Other current assets | 217 |
Property | 1,090 |
Identifiable Intangibles assets | 19,814 |
Goodwill | 24,324 |
Total assets acquired | 76,682 |
Accounts payable and accrued liabilities | 1,867 |
Other current liabilities | 6,192 |
Net assets acquired | $ | 68,623 |
Purchase price | $ | 68,623 |
Business Acquisition, Pro Forma Information [Table Text Block] | The following unaudited pro forma consolidated results of operations have been prepared as if the acquisition occurred at the beginning of fiscal 2013:
Pro forma, year ended June 30: | 2014 |  |  | 2013 |
Sales | $ | 2,576,220 |  |  | $ | 2,600,453 |
Operating income | $ | 175,462 |  |  | $ | 187,419 |
Net income | $ | 122,293 |  |  | $ | 128,779 |
Diluted net income per share | $ | 2.89 |  |  | $ | 3.03 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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