XML 45 R30.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill and Intangibles (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2020
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, 2020 and 2019 are as follows:
| Service Center Based Distribution |  |  | Fluid Power & Flow Control |  |  | Total |
Balance at July 1, 2018 | $ | 203,084 |  |  | $ | 443,559 |  |  | $ | 646,643 |
Goodwill acquired 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 |
Goodwill adjusted/acquired during the year | (3,393 | ) |  | 14,667 |  |  | 11,274 |
Impairment | — |  |  | (131,000 | ) |  | (131,000 | )
Other, primarily currency translation | (1,671 | ) |  | — |  |  | (1,671 | )
Balance at June 30, 2020 | $ | 208,570 |  |  | $ | 332,024 |  |  | $ | 540,594 |
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, 2020 | Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Finite-Lived Intangibles: |  |  |  |  |
Customer relationships | $ | 426,017 |  |  | $ | 162,965 |  |  | $ | 263,052 |
Trade names | 111,453 |  |  | 34,815 |  |  | 76,638 |
Vendor relationships | 11,329 |  |  | 8,934 |  |  | 2,395 |
Other | 2,078 |  |  | 948 |  |  | 1,130 |
Total Intangibles | $ | 550,877 |  |  | $ | 207,662 |  |  | $ | 343,215 |
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 |
Other | 2,702 |  |  | 2,249 |  |  | 453 |
Total Intangibles | $ | 542,382 |  |  | $ | 173,516 |  |  | $ | 368,866 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] | During fiscal 2020, the Company acquired identifiable intangible assets with an acquisition cost allocation and weighted-average life as follows:
| Acquisition Cost Allocation |  |  | Weighted-Average Life
Customer relationships | $ | 7,160 |  |  | 20.0
Trade names | 4,260 |  |  | 15.0
Other | 980 |  |  | 6.8
Total Intangibles Acquired | $ | 12,400 |  |  | 17.2

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration