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Segment Information (Tables) | 3 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Segment financial information |
Three Months Ended |  | Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
September 30, 2018 |  |  |  |  |  |
Net sales |  | $ | 604,049 |  |  | $ | 260,466 |  |  | $ | 864,515 |
Operating income for reportable segments |  | 62,809 |  |  | 30,880 |  |  | 93,689 |
Assets used in business |  | 1,227,815 |  |  | 1,077,873 |  |  | 2,305,688 |
Depreciation and amortization of property |  | 3,911 |  |  | 1,070 |  |  | 4,981 |
Capital expenditures |  | 2,444 |  |  | 729 |  |  | 3,173 |
September 30, 2017 |  |  |  |  |  |
Net sales |  | $ | 568,913 |  |  | $ | 111,788 |  |  | $ | 680,701 |
Operating income for reportable segments |  | 59,247 |  |  | 13,202 |  |  | 72,449 |
Assets used in business |  | 1,182,784 |  |  | 202,123 |  |  | 1,384,907 |
Depreciation and amortization of property |  | 3,669 |  |  | 258 |  |  | 3,927 |
Capital expenditures |  | 5,548 |  |  | 788 |  |  | 6,336 |
Enterprise Resource Planning system (ERP) related assets are included within the Service Center Based Distribution segment.
Reconciliation of operating income for reportable segments to the consolidated income before income taxes | A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows:
|  | Three Months Ended
|  | September 30,
|  | 2018 |  | 2017
Operating income for reportable segments |  | $ | 93,689 |  |  | $ | 72,449 |
Adjustment for: |  |  |  |
Intangible amortization—Service Center Based Distribution |  | 4,018 |  |  | 4,512 |
Intangible amortization—Fluid Power & Flow Control |  | 6,903 |  |  | 1,319 |
Corporate and other expense, net |  | 16,429 |  |  | 14,781 |
Total operating income |  | 66,339 |  |  | 51,837 |
Interest expense, net |  | 10,476 |  |  | 2,166 |
Other income, net |  | (239 | ) |  | (711 | )
Income before income taxes |  | $ | 56,102 |  |  | $ | 50,382 |
The change in corporate and other income, net is due to changes in

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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