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Goodwill and Intangibles (Tables)

12 Months Ended

Jun. 30, 2021

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, 2021 and 2020 are as follows:

			Service Center Based Distribution						Fluid Power & Flow Control						Total
Balance at July 1, 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
Goodwill acquired during the year			—						15,757						15,757
Other, primarily currency translation			3,726						—						3,726
Balance at June 30, 2021			$	212,296					$	347,781					$	560,077

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, 2021			Amount						Accumulated Amortization						Net Book Value
Finite-Lived Intangibles:
Customer relationships			$	353,028					$	143,862					$	209,166
Trade names			104,780						37,626						67,154
Vendor relationships			11,469						9,859						1,610
Other			2,070						372						1,698
Total Intangibles			$	471,347					$	191,719					$	279,628

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

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

During fiscal 2021, 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			$	10,390					20.0
Trade names			3,840						15.0
Other			1,090						5.9
Total Intangibles Acquired			$	15,320					17.7

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- References

No definition available.

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- 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

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- 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

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- 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=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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