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Goodwill and Intangibles (Tables) | 9 Months Ended
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Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill by reportable segment | 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 fiscal year ended June 30, 2019 and the nine month period ended March 31, 2020 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 period | 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 period | (3,393 | ) |  | 14,667 |  |  | 11,274 |
Impairment | — |  |  | (131,000 | ) |  | (131,000 | )
Other, primarily currency translation | (2,770 | ) |  | — |  |  | (2,770 | )
Balance at March 31, 2020 | $ | 207,471 |  |  | $ | 332,024 |  |  | $ | 539,495 |
Schedule of Intangible Assets | The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
March 31, 2020 |  | Amount |  | Accumulated Amortization |  | Net Book Value
Finite-Lived Identifiable Intangibles: |  |  |  |  |  |
Customer relationships |  | $ | 425,187 |  |  | $ | 154,683 |  |  | $ | 270,504 |
Trade names |  | 111,242 |  |  | 32,666 |  |  | 78,576 |
Vendor relationships |  | 11,193 |  |  | 8,629 |  |  | 2,564 |
Other |  | 2,066 |  |  | 846 |  |  | 1,220 |
Total Identifiable Intangibles |  | $ | 549,688 |  |  | $ | 196,824 |  |  | $ | 352,864 |
June 30, 2019 |  | Amount |  | Accumulated Amortization |  | Net Book Value
Finite-Lived Identifiable 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 Identifiable Intangibles |  | $ | 542,382 |  |  | $ | 173,516 |  |  | $ | 368,866 |
Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class [Table Text Block] | During the nine month period ended March 31, 2020, 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 |  | $ | 7,160 |  |  | 20.0
Trade names |  | 4,260 |  |  | 15.0
Other |  | 980 |  |  | 6.8
Total Intangibles Acquired |  | $ | 12,400 |  |  | 17.2

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- Definition Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + 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 (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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