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Segment Information (Tables)

6 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment financial information

Three Months Ended		Service Center Based Distribution				Fluid Power & Flow Control				Total
December 31, 2018
Net sales		$	589,298			$	250,740			$	840,038
Operating income for reportable segments		58,317				29,243				87,560
Depreciation and amortization of property		3,911				1,127				5,038
Capital expenditures		3,256				667				3,923
December 31, 2017
Net sales		$	555,607			$	111,580			$	667,187
Operating income for reportable segments		52,642				13,766				66,408
Depreciation and amortization of property		3,802				279				4,081
Capital expenditures		4,822				302				5,124

Six Months Ended		Service Center Based Distribution				Fluid Power & Flow Control				Total
December 31, 2018
Net sales		$	1,193,347			$	511,206			$	1,704,553
Operating income for reportable segments		121,126				60,123				181,249
Assets used in business		1,223,926				1,066,062				2,289,988
Depreciation and amortization of property		7,822				2,197				10,019
Capital expenditures		5,700				1,396				7,096
December 31, 2017
Net sales		$	1,124,520			$	223,368			$	1,347,888
Operating income for reportable segments		111,889				26,968				138,857
Assets used in business		1,199,704				206,178				1,405,882
Depreciation and amortization of property		7,471				537				8,008
Capital expenditures		10,370				1,090				11,460

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								Six Months Ended
		December 31,								December 31,
		2018				2017				2018				2017
Operating income for reportable segments		$	87,560			$	66,408			$	181,249			$	138,857
Adjustment for:
Intangible amortization—Service Center Based Distribution		3,973				4,425				7,991				8,937
Intangible amortization—Fluid Power & Flow Control		7,018				1,270				13,921				2,589
Corporate and other expense, net		15,604				13,998				32,033				28,779
Total operating income		60,965				46,715				127,304				98,552
Interest expense, net		9,578				2,139				20,054				4,305
Other expense (income), net		946				(20		)		707				(731		)
Income before income taxes		$	50,441			$	44,596			$	106,543			$	94,978

X

- 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

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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.

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