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Revenue Recognition Revenue Recognition (Tables)

12 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue from External Customers by Geographic Areas [Table Text Block]

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

Disaggregation of Revenue [Table Text Block]

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		%

Contract with Customer, Asset and Liability [Table Text Block]

Contract Assets

The Company’s contract assets consist of un-billed amounts resulting from contracts for which revenue is recognized over time using the cost-to-cost method, and for which revenue recognized exceeds the amount billed to the customer.

Activity related to contract assets, which are included in other current assets on the consolidated balance sheet, is as follows:

			June 30, 2021			June 30, 2020			$ Change			% Change
Contract assets			$	15,178		$	8,435		$	6,743		79.9		%

The difference between the opening and closing balances of the Company's contract assets primarily results from the timing difference between the Company's performance and when the customer is billed.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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