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Revenue Recognition Revenue Recognition | 12 Months Ended
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Jun. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | REVENUE RECOGNITION Disaggregation of Revenues The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the years ended June 30, 2021, 2020 and 2019. Other countries consist of Mexico, Australia, New Zealand, and Singapore.
| Year Ended June 30, 2021
| Service Center Based Distribution | Fluid Power & Flow Control | Total
Geographic Areas: |  |  |
United States | $ | 1,768,965 |  | $ | 1,013,894 |  | $ | 2,782,859 |
Canada | 255,360 |  | — |  | 255,360 |
Other countries | 175,208 |  | 22,492 |  | 197,700 |
Total | $ | 2,199,533 |  | $ | 1,036,386 |  | $ | 3,235,919 |
| Year Ended June 30, 2020
| Service Center Based Distribution | Fluid Power & Flow Control | Total
Geographic Areas: |  |  |
United States | $ | 1,833,275 |  | $ | 986,125 |  | $ | 2,819,400 |
Canada | 248,610 |  | — |  | 248,610 |
Other countries | 160,064 |  | 17,578 |  | 177,642 |
Total | $ | 2,241,949 |  | $ | 1,003,703 |  | $ | 3,245,652 |
| Year Ended June 30, 2019
| Service Center Based Distribution | Fluid Power & Flow Control | Total
Geographic Areas: |  |  |
United States | $ | 2,009,479 |  | $ | 1,007,280 |  | $ | 3,016,759 |
Canada | 271,305 |  | — |  | 271,305 |
Other countries | 172,121 |  | 12,554 |  | 184,675 |
Total | $ | 2,452,905 |  | $ | 1,019,834 |  | $ | 3,472,739 |
The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the years ended June 30, 2021, 2020, and 2019:
| Year Ended June 30, 2021
| Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
General Industry | 35.8 | % |  | 40.0 | % |  | 37.2 | %
Industrial Machinery | 9.8 | % |  | 26.8 | % |  | 15.2 | %
Food | 13.5 | % |  | 2.9 | % |  | 10.1 | %
Metals | 10.5 | % |  | 6.8 | % |  | 9.3 | %
Forest Products | 10.7 | % |  | 2.9 | % |  | 8.2 | %
Chem/Petrochem | 3.3 | % |  | 13.6 | % |  | 6.6 | %
Cement & Aggregate | 7.9 | % |  | 1.1 | % |  | 5.7 | %
Transportation | 4.6 | % |  | 4.8 | % |  | 4.7 | %
Oil & Gas | 3.9 | % |  | 1.1 | % |  | 3.0 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %
| Year Ended June 30, 2020
| Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
General Industry | 35.0 | % |  | 41.2 | % |  | 36.8 | %
Industrial Machinery | 9.7 | % |  | 24.4 | % |  | 14.3 | %
Food | 12.2 | % |  | 3.1 | % |  | 9.4 | %
Metals | 11.1 | % |  | 7.2 | % |  | 9.9 | %
Forest Products | 9.3 | % |  | 3.7 | % |  | 7.6 | %
Chem/Petrochem | 3.3 | % |  | 13.4 | % |  | 6.4 | %
Cement & Aggregate | 7.3 | % |  | 1.0 | % |  | 5.4 | %
Transportation | 4.6 | % |  | 4.4 | % |  | 4.5 | %
Oil & Gas | 7.5 | % |  | 1.6 | % |  | 5.7 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %
| Year Ended June 30, 2019
| Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
General Industry | 33.7 | % |  | 43.0 | % |  | 36.3 | %
Industrial Machinery | 10.4 | % |  | 21.8 | % |  | 13.8 | %
Food | 10.6 | % |  | 2.7 | % |  | 8.3 | %
Metals | 12.6 | % |  | 9.4 | % |  | 11.6 | %
Forest Products | 8.0 | % |  | 3.1 | % |  | 6.6 | %
Chem/Petrochem | 3.1 | % |  | 13.8 | % |  | 6.3 | %
Cement & Aggregate | 6.7 | % |  | 1.0 | % |  | 5.0 | %
Transportation | 4.8 | % |  | 3.1 | % |  | 4.3 | %
Oil & Gas | 10.1 | % |  | 2.1 | % |  | 7.8 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %
The following tables present the Company’s percentage of revenue by reportable segment and product line for the years ended June 30, 2021, 2020, and 2019:
| Year Ended June 30, 2021
| Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
Power Transmission | 37.3 | % |  | 7.5 | % |  | 27.8 | %
Fluid Power | 13.2 | % |  | 38.0 | % |  | 21.2 | %
Bearings, Linear & Seals | 29.0 | % |  | 0.4 | % |  | 19.8 | %
General Maintenance; Hose Products | 20.5 | % |  | 16.9 | % |  | 19.3 | %
Specialty Flow Control | — | % |  | 37.2 | % |  | 11.9 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %
| Year Ended June 30, 2020
| Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
Power Transmission | 35.4 | % |  | 9.5 | % |  | 27.4 | %
Fluid Power | 13.4 | % |  | 39.0 | % |  | 21.3 | %
Bearings, Linear & Seals | 26.6 | % |  | 0.3 | % |  | 18.5 | %
General Maintenance; Hose Products | 24.6 | % |  | 11.7 | % |  | 20.6 | %
Specialty Flow Control | — | % |  | 39.5 | % |  | 12.2 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %
| Year Ended June 30, 2019
| Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
Power Transmission | 33.9 | % |  | 1.6 | % |  | 24.4 | %
Fluid Power | 13.5 | % |  | 39.4 | % |  | 21.1 | %
Bearings, Linear & Seals | 27.5 | % |  | 0.3 | % |  | 19.5 | %
General Maintenance; Hose Products | 25.1 | % |  | 5.3 | % |  | 19.3 | %
Specialty Flow Control | — | % |  | 53.4 | % |  | 15.7 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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