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Segment and Geographic Information | 12 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHIC INFORMATION | SEGMENT AND GEOGRAPHIC INFORMATION The Company's reportable segments are: Service Center Based Distribution and Fluid Power Businesses. These reportable segments contain the Company's various operating segments which have been aggregated based upon similar economic and operating characteristics. The Service Center Based Distribution segment provides customers with solutions to their maintenance, repair and original equipment manufacturing needs through the distribution of industrial products including bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion products, tools, safety products, and other industrial and maintenance supplies. The Fluid Power Businesses segment distributes fluid power components and operates shops that assemble fluid power systems and components, performs equipment repair, and offers technical advice to customers. The accounting policies of the Company’s reportable segments are generally the same as those described in note 1. Intercompany sales, primarily from the Fluid Power Businesses segment to the Service Center Based Distribution segment of $23,704, $21,485, and $24,087, in fiscal 2017, 2016, and 2015, respectively, have been eliminated in the following table. Segment Financial Information
| Service Center Based Distribution |  |  | Fluid Power Businesses |  |  | Total |
Year Ended June 30, 2017 |  |  |  |  |
Net sales | $ | 2,119,904 |  |  | $ | 473,842 |  |  | $ | 2,593,746 |
Operating income for reportable segments | 111,357 |  |  | 51,006 |  |  | 162,363 |
Assets used in the business | 1,153,411 |  |  | 234,184 |  |  | 1,387,595 |
Depreciation and amortization of property | 14,010 |  |  | 1,296 |  |  | 15,306 |
Capital expenditures | 14,497 |  |  | 2,548 |  |  | 17,045 |
Year Ended June 30, 2016 |  |  |  |  |
Net sales | $ | 2,087,041 |  |  | $ | 432,387 |  |  | $ | 2,519,428 |
Operating income for reportable segments | 109,491 |  |  | 40,794 |  |  | 150,285 |
Assets used in the business | 1,123,597 |  |  | 188,428 |  |  | 1,312,025 |
Depreciation and amortization of property | 14,595 |  |  | 1,371 |  |  | 15,966 |
Capital expenditures | 12,227 |  |  | 903 |  |  | 13,130 |
Year Ended June 30, 2015 |  |  |  |  |
Net sales | $ | 2,254,768 |  |  | $ | 496,793 |  |  | $ | 2,751,561 |
Operating income for reportable segments | 140,421 |  |  | 48,535 |  |  | 188,956 |
Assets used in the business | 1,228,131 |  |  | 204,425 |  |  | 1,432,556 |
Depreciation and amortization of property | 15,196 |  |  | 1,382 |  |  | 16,578 |
Capital expenditures | 13,531 |  |  | 1,402 |  |  | 14,933 |
ERP related assets are included in assets used in the business and capital expenditures within the Service Center Based Distribution segment. Within the geographic disclosures, these assets are included in the United States. Expenses associated with the ERP are included in the Corporate and other income, net, line in the reconciliation of operating income for reportable segments to the consolidated income before income taxes table below. A reconciliation of operating income for reportable segments to the consolidated income before income taxes is as follows:
Year Ended June 30, | 2017 |  |  | 2016 |  |  | 2015 |
Operating income for reportable segments | $ | 162,363 |  |  | $ | 150,285 |  |  | $ | 188,956 |
Adjustments for: |  |  |  |  |
Intangible amortization — Service Center Based Distribution | 18,669 |  |  | 19,595 |  |  | 19,561 |
Intangible amortization — Fluid Power Businesses | 5,702 |  |  | 5,985 |  |  | 6,236 |
Goodwill Impairment — Service Center Based Distribution | — |  |  | 64,794 |  |  | — |
Corporate and other income, net | (36,598 | ) |  | (28,890 | ) |  | (21,460 | )
Total operating income | 174,590 |  |  | 88,801 |  |  | 184,619 |
Interest expense, net | 8,541 |  |  | 8,763 |  |  | 7,869 |
Other (income) expense, net | (917 | ) |  | 1,060 |  |  | 879 |
Income before income taxes | $ | 166,966 |  |  | $ | 78,978 |  |  | $ | 175,871 |
Fluctuations in corporate and other (income) expense, net, are due to changes in corporate expenses, as well as in the amounts and levels of certain supplier support benefits and expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support and other items. Product Category Net sales by product category are as follows:
Year Ended June 30, | 2017 |  |  | 2016 |  |  | 2015 |
Industrial | $ | 1,855,437 |  |  | $ | 1,836,484 |  |  | $ | 2,013,447 |
Fluid power | 738,309 |  |  | 682,944 |  |  | 738,114 |
Net sales | $ | 2,593,746 |  |  | $ | 2,519,428 |  |  | $ | 2,751,561 |
The fluid power product category includes sales of hydraulic, pneumatic, lubrication and filtration components and systems, and repair services through the Company’s Fluid Power Businesses segment as well as the Service Center Based Distribution segment. Geographic Information Net sales are presented in geographic areas based on the location of the facility shipping the product. Long-lived assets are based on physical locations and are comprised of the net book value of property and intangible assets. Information by geographic area is as follows:
Year Ended June 30, | 2017 |  |  | 2016 |  |  | 2015 |
Net Sales: |  |  |  |  |
United States | $ | 2,182,552 |  |  | $ | 2,117,485 |  |  | $ | 2,238,263 |
Canada | 251,999 |  |  | 257,797 |  |  | 358,580 |
Other Countries | 159,195 |  |  | 144,146 |  |  | 154,718 |
Total | $ | 2,593,746 |  |  | $ | 2,519,428 |  |  | $ | 2,751,561 |
June 30, | 2017 |  |  | 2016 |  |  | 2015 |
Long-Lived Assets: |  |  |  |  |
United States | $ | 207,126 |  |  | $ | 225,538 |  |  | $ | 217,597 |
Canada | 57,947 |  |  | 66,304 |  |  | 76,565 |
Other Countries | 6,558 |  |  | 7,163 |  |  | 9,113 |
Total | $ | 271,631 |  |  | $ | 299,005 |  |  | $ | 303,275 |
Other countries consist of Mexico, Australia, New Zealand, and Singapore.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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