Goodwill and Intangibles (Tables)

6 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill by reportable segment

The changes in the carrying amount of goodwill for the six month period ended December 31, 2013 are as follows:



	Service Center Based Distribution			Fluid Power Businesses		Total
Balance at July 1, 2013	$	105,920		$	929	$	106,849
Goodwill acquired during the period	5,590					5,590
Other, primarily currency translation	(1,083		)			(1,083		)
Balance at December 31, 2013	$	110,427		$	929	$	111,356

At December 31, 2013, accumulated goodwill impairment losses, subsequent to fiscal year 2002, totaled $36,605 and related to the Fluid Power Businesses segment.

Schedule of Intangible Assets

The Company’s intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:



December 31, 2013	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Intangibles:
Customer relationships	$	107,226	$	43,022	$	64,204
Trade names	26,486		9,436		17,050
Vendor relationships	15,297		5,977		9,320
Non-competition agreements	2,789		1,694		1,095
Total Intangibles	$	151,798	$	60,129	$	91,669



June 30, 2013	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Intangibles:
Customer relationships	$	100,854	$	38,844	$	62,010
Trade names	26,690		8,643		18,047
Vendor relationships	15,433		5,443		9,990
Non-competition agreements	4,743		3,523		1,220
Total Intangibles	$	147,720	$	56,453	$	91,267

Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

During the six month period ended December 31, 2013, the Company acquired intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:



	Acquisition Cost Allocation		Weighted-Average Life
Customer relationships	$	7,000	20 years
Trade names	120		5 years
Non-competition agreements	250		5 years
Total Intangibles Acquired	$	7,370	19 years