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Segment and Geographic Information | 9 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHIC INFORMATION | SEGMENT AND GEOGRAPHIC INFORMATION Effective July 1, 2017, the Company completed a number of changes to its organizational structure that resulted in a change in how the Company manages its businesses, allocates resources and measures performance. As a result, the Company has revised its reportable segments to reflect how management currently reviews financial information and makes operating decisions. All Canadian and Mexican subsidiaries are now grouped under the Service Center Based Distribution segment. All prior-period amounts have been adjusted to reflect the reportable segment change. The accounting policies of the Company’s reportable segments are generally the same as those used to prepare the condensed consolidated financial statements. Intercompany sales primarily from the Fluid Power & Flow Control segment to the Service Center Based Distribution segment of $6,706 and $6,757, in the three months ended March 31, 2018 and 2017, respectively, and $18,461 and $17,285 in the nine months ended March 31, 2018 and 2017, respectively, have been eliminated in the Segment Financial Information tables below.
Three Months Ended |  | Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
March 31, 2018 |  |  |  |  |  |
Net sales |  | $ | 601,214 |  |  | $ | 226,451 |  |  | $ | 827,665 |
Operating income for reportable segments |  | 48,229 |  |  | 26,584 |  |  | 74,813 |
Depreciation and amortization of property |  | 3,885 |  |  | 828 |  |  | 4,713 |
Capital expenditures |  | 4,385 |  |  | 2,054 |  |  | 6,439 |
March 31, 2017 |  |  |  |  |  |
Net sales |  | $ | 573,797 |  |  | $ | 105,507 |  |  | $ | 679,304 |
Operating income for reportable segments |  | 36,042 |  |  | 12,268 |  |  | 48,310 |
Depreciation and amortization of property |  | 3,650 |  |  | 227 |  |  | 3,877 |
Capital expenditures |  | 3,228 |  |  | 1,849 |  |  | 5,077 |
Nine Months Ended |  | Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
March 31, 2018 |  |  |  |  |  |
Net sales |  | $ | 1,725,734 |  |  | $ | 449,819 |  |  | $ | 2,175,553 |
Operating income for reportable segments |  | 111,957 |  |  | 53,698 |  |  | 165,655 |
Assets used in business |  | 1,202,593 |  |  | 1,069,730 |  |  | 2,272,323 |
Depreciation and amortization of property |  | 11,356 |  |  | 1,365 |  |  | 12,721 |
Capital expenditures |  | 14,754 |  |  | 3,144 |  |  | 17,898 |
March 31, 2017 |  |  |  |  |  |
Net sales |  | $ | 1,617,361 |  |  | $ | 294,914 |  |  | $ | 1,912,275 |
Operating income for reportable segments |  | 85,125 |  |  | 32,446 |  |  | 117,571 |
Assets used in business |  | 1,184,150 |  |  | 162,541 |  |  | 1,346,691 |
Depreciation and amortization of property |  | 10,674 |  |  | 690 |  |  | 11,364 |
Capital expenditures |  | 9,496 |  |  | 2,291 |  |  | 11,787 |
A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | March 31, |  | March 31,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Operating income for reportable segments |  | $ | 74,813 |  |  | $ | 48,310 |  |  | $ | 165,655 |  |  | $ | 117,571 |
Adjustment for: |  |  |  |  |  |  |  |
Intangible amortization—Service Center Based Distribution |  | 4,311 |  |  | 4,714 |  |  | 13,248 |  |  | 14,312 |
Intangible amortization—Fluid Power & Flow Control |  | 5,489 |  |  | 1,342 |  |  | 8,078 |  |  | 4,075 |
Corporate and other expense (income), net |  | 8,569 |  |  | (3,414 | ) |  | (10,667 | ) |  | (27,759 | )
Total operating income |  | 56,444 |  |  | 45,668 |  |  | 154,996 |  |  | 126,943 |
Interest expense, net |  | 8,216 |  |  | 2,165 |  |  | 12,521 |  |  | 6,411 |
Other (income) expense, net |  | (1,291 | ) |  | 154 |  |  | (2,022 | ) |  | (54 | )
Income before income taxes |  | $ | 49,519 |  |  | $ | 43,349 |  |  | $ | 144,497 |  |  | $ | 120,586 |
The change in corporate and other income, net is due to changes in the amounts and levels of certain supplier support benefits as well as expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support and other items. Net sales are presented in geographic areas based on the location of the facility shipping the product and are as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | March 31, |  | March 31,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Geographic Areas: |  |  |  |  |  |  |  |
United States |  | $ | 713,895 |  |  | $ | 572,685 |  |  | $ | 1,838,471 |  |  | $ | 1,604,594 |
Canada |  | 68,112 |  |  | 65,527 |  |  | 202,408 |  |  | 190,312 |
Other countries |  | 45,658 |  |  | 41,092 |  |  | 134,674 |  |  | 117,369 |
Total |  | $ | 827,665 |  |  | $ | 679,304 |  |  | $ | 2,175,553 |  |  | $ | 1,912,275 |
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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