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Goodwill and Intangibles (Tables) | 9 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill by reportable segment | 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 fiscal year ended June 30, 2020 and the nine month period ended March 31, 2021 are as follows:
| Service Center Based Distribution |  | Fluid Power & Flow Control |  | Total
Balance at June 30, 2019 | $ | 213,634 |  |  | $ | 448,357 |  |  | $ | 661,991 |
Goodwill adjusted/acquired during the period | (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 period | — |  |  | 15,688 |  |  | 15,688 |
Other, primarily currency translation | 2,914 |  |  | — |  |  | 2,914 |
Balance at March 31, 2021 | $ | 211,484 |  |  | $ | 347,712 |  |  | $ | 559,196 |
Schedule of Intangible Assets | The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
March 31, 2021 |  | Amount |  | Accumulated Amortization |  | Net Book Value
Finite-Lived Identifiable Intangibles: |  |  |  |  |  |
Customer relationships |  | $ | 352,720 |  |  | $ | 137,519 |  |  | $ | 215,201 |
Trade names |  | 105,065 |  |  | 36,172 |  |  | 68,893 |
Vendor relationships |  | 11,481 |  |  | 9,666 |  |  | 1,815 |
Other |  | 2,070 |  |  | 293 |  |  | 1,777 |
Total Identifiable Intangibles |  | $ | 471,336 |  |  | $ | 183,650 |  |  | $ | 287,686 |
June 30, 2020 |  | Amount |  | Accumulated Amortization |  | Net Book Value
Finite-Lived Identifiable 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 Identifiable Intangibles |  | $ | 550,877 |  |  | $ | 207,662 |  |  | $ | 343,215 |
Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | During the nine month period ended March 31, 2021, the Company acquired identifiable intangible assets with a preliminary 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 Identifiable Intangibles |  | $ | 15,320 |  |  | 17.7

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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 + Details
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