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Goodwill and Intangibles (Tables)

12 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill for both the Service Center Based Distribution segment and the Fluid Power & Flow Control segment for the years ended June 30, 2019 and 2018 are as follows:

	Service Center Based Distribution				Fluid Power & Flow Control				Total
Balance at July 1, 2017	$	201,740			$	4,395			$	206,135
Goodwill added during the year	2,525				439,164				441,689
Other, primarily currency translation	(1,181		)		—				(1,181		)
Balance at June 30, 2018	203,084				443,559				646,643
Goodwill added during the year	9,943				4,798				14,741
Other, primarily currency translation	607				—				607
Balance at June 30, 2019	$	213,634			$	448,357			$	661,991

Schedule of Finite-Lived Intangible Assets [Table Text Block]

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

June 30, 2019	Amount				Accumulated Amortization				Net Book Value
Finite-Lived Intangibles:
Customer relationships	$	422,367			$	135,879			$	286,488
Trade names	105,946				27,232				78,714
Vendor relationships	11,367				8,156				3,211
Non-competition agreements	2,702				2,249				453
Total Intangibles	$	542,382			$	173,516			$	368,866

June 30, 2018	Amount				Accumulated Amortization				Net Book Value
Finite-Lived Intangibles:
Customer relationships	$	465,691			$	125,009			$	340,682
Trade names	112,939				22,454				90,485
Vendor relationships	11,425				7,382				4,043
Non-competition agreements	2,761				2,024				737
Total Intangibles	$	592,816			$	156,869			$	435,947

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

During fiscal 2019, the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:

	Acquisition Cost Allocation				Weighted-Average Life
Customer relationships	$	5,956			20.0
Trade names	941				5.0
Non-competition agreements	250				5.0
Total Intangibles Acquired	$	7,147			17.5

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- References

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267

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