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Segment Information
 12 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT INFORMATION
The Company's reportable segments are: Service Center Based Distribution and Fluid Power & Flow Control. These reportable segments contain the Company's various operating segments which have been aggregated based upon similar economic and operating characteristics. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. The Fluid Power & Flow Control segment includes our operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services. This segment also includes our operations that focus on advanced automation solutions including machine vision, robotics, motion control, and smart technologies.
The accounting policies of the Company’s reportable segments are generally the same as those described in note 1. Intercompany sales, primarily from the Fluid Power & Flow Control segment to the Service Center Based Distribution segment of $31,615, $29,582, and $28,677, in 2021, 2020, and 2019, respectively, have been eliminated in the following table.
Segment Financial Information
Service Center
Based Distribution		Fluid Power & Flow ControlTotal
Year Ended June 30, 2021
Net sales$2,199,533 $1,036,386 $3,235,919 
Operating income for reportable segments225,206 121,782 346,988 
Assets used in the business1,332,720 939,087 2,271,807 
Depreciation and amortization of property17,155 3,625 20,780 
Capital expenditures13,735 2,117 15,852 
Year Ended June 30, 2020
Net sales$2,241,949 $1,003,703 $3,245,652 
Operating income for reportable segments211,667 109,847 321,514 
Assets used in the business1,314,011 969,540 2,283,551 
Depreciation and amortization of property17,133 4,063 21,196 
Capital expenditures17,063 3,052 20,115 
Year Ended June 30, 2019
Net sales$2,452,905 $1,019,834 $3,472,739 
Operating income for reportable segments254,954 112,117 367,071 
Assets used in the business1,265,093 1,066,604 2,331,697 
Depreciation and amortization of property15,982 4,254 20,236 
Capital expenditures16,475 2,495 18,970 
A reconciliation of operating income for reportable segments to the consolidated income before income taxes
is as follows:
Year Ended June 30,202120202019
Operating income for reportable segments$346,988 $321,514 $367,071 
Adjustments for:
Intangible amortization — Service Center Based Distribution5,426 12,385 13,639 
Intangible amortization — Fluid Power & Flow Control28,938 29,168 28,244 
Impairment — Service Center Based Distribution49,528 — 31,594 
Goodwill Impairment — Fluid Power & Flow Control— 131,000 — 
Corporate and other expense, net57,642 59,972 59,806 
Total operating income205,454 88,989 233,788 
Interest expense, net30,592 36,535 40,188 
Other income, net(2,200)(2,782)(881)
Income before income taxes$177,062 $55,236 $194,481 
Fluctuations in corporate and other expense, net, are due to changes in corporate expenses, as well as in the amounts and levels of certain expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support and other items.
Geographic Information
Long-lived assets are based on physical locations and are comprised of the net book value of property and right of use assets. Information by geographic area is as follows:
June 30,202120202019
Long-Lived Assets:
United States$173,335 $185,475 $112,812 
Canada21,458 20,575 8,871 
Other Countries7,907 6,487 2,619 
Total$202,700 $212,537 $124,302