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Segment Information (Tables) | 12 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Segment financial information | Segment Financial Information
| Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
Year Ended June 30, 2021 |  |  |  |  |
Net sales | $ | 2,199,533 |  |  | $ | 1,036,386 |  |  | $ | 3,235,919 |
Operating income for reportable segments | 225,206 |  |  | 121,782 |  |  | 346,988 |
Assets used in the business | 1,332,720 |  |  | 939,087 |  |  | 2,271,807 |
Depreciation and amortization of property | 17,155 |  |  | 3,625 |  |  | 20,780 |
Capital expenditures | 13,735 |  |  | 2,117 |  |  | 15,852 |
Year Ended June 30, 2020 |  |  |  |  |
Net sales | $ | 2,241,949 |  |  | $ | 1,003,703 |  |  | $ | 3,245,652 |
Operating income for reportable segments | 211,667 |  |  | 109,847 |  |  | 321,514 |
Assets used in the business | 1,314,011 |  |  | 969,540 |  |  | 2,283,551 |
Depreciation and amortization of property | 17,133 |  |  | 4,063 |  |  | 21,196 |
Capital expenditures | 17,063 |  |  | 3,052 |  |  | 20,115 |
Year Ended June 30, 2019 |  |  |  |  |
Net sales | $ | 2,452,905 |  |  | $ | 1,019,834 |  |  | $ | 3,472,739 |
Operating income for reportable segments | 254,954 |  |  | 112,117 |  |  | 367,071 |
Assets used in the business | 1,265,093 |  |  | 1,066,604 |  |  | 2,331,697 |
Depreciation and amortization of property | 15,982 |  |  | 4,254 |  |  | 20,236 |
Capital expenditures | 16,475 |  |  | 2,495 |  |  | 18,970 |
Reconciliation of operating income for reportable segments to the consolidated income before income taxes | A reconciliation of operating income for reportable segments to the consolidated income before income taxes is as follows:
Year Ended June 30, | 2021 |  | 2020 |  | 2019
Operating income for reportable segments | $ | 346,988 |  |  | $ | 321,514 |  |  | $ | 367,071 |
Adjustments for: |  |  |  |  |
Intangible amortization — Service Center Based Distribution | 5,426 |  |  | 12,385 |  |  | 13,639 |
Intangible amortization — Fluid Power & Flow Control | 28,938 |  |  | 29,168 |  |  | 28,244 |
Impairment — Service Center Based Distribution | 49,528 |  |  | — |  |  | 31,594 |
Goodwill Impairment — Fluid Power & Flow Control | — |  |  | 131,000 |  |  | — |
Corporate and other expense, net | 57,642 |  |  | 59,972 |  |  | 59,806 |
Total operating income | 205,454 |  |  | 88,989 |  |  | 233,788 |
Interest expense, net | 30,592 |  |  | 36,535 |  |  | 40,188 |
Other income, net | (2,200) |  |  | (2,782) |  |  | (881) |
Income before income taxes | $ | 177,062 |  |  | $ | 55,236 |  |  | $ | 194,481 |
Information by geographic area |
June 30, | 2021 |  | 2020 |  | 2019
Long-Lived Assets: |  |  |  |  |
United States | $ | 173,335 |  |  | $ | 185,475 |  |  | $ | 112,812 |
Canada | 21,458 |  |  | 20,575 |  |  | 8,871 |
Other Countries | 7,907 |  |  | 6,487 |  |  | 2,619 |
Total | $ | 202,700 |  |  | $ | 212,537 |  |  | $ | 124,302 |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: 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=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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