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Revenue Recognition Revenue Recognition
 9 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE RECOGNITION
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 three and nine months ended March 31, 2021 and 2020. Other countries consist of Mexico, Australia, New Zealand, and Singapore.
Three Months Ended March 31,
20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
Geographic Areas:
United States$461,945 $262,672 $724,617 $473,069 $251,913 $724,982 
Canada66,146 — 66,146 59,912 — 59,912 
Other countries44,801 5,373 50,174 41,387 4,516 45,903 
Total$572,892 $268,045 $840,937 $574,368 $256,429 $830,797 

Nine Months Ended March 31,
20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
Geographic Areas:
United States$1,294,643 $721,845 $2,016,488 $1,433,133 $755,175 $2,188,308 
Canada180,851 — 180,851 193,755 — 193,755 
Other countries126,372 16,320 142,692 126,428 12,085 138,513 
Total$1,601,866 $738,165 $2,340,031 $1,753,316 $767,260 $2,520,576 

The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three and nine months ended March 31, 2021 and 2020:
Three Months Ended March 31,
 20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
General Industry35.1 %41.1 %37.0 %34.8 %39.9 %36.4 %
Industrial Machinery10.1 %26.7 %15.4 %9.9 %24.7 %14.5 %
Food13.2 %2.6 %9.8 %12.0 %3.1 %9.3 %
Metals10.9 %6.9 %9.6 %11.1 %6.5 %9.7 %
Forest Products10.9 %2.7 %8.3 %9.8 %5.7 %8.5 %
Chem/Petrochem3.2 %13.5 %6.5 %3.3 %12.8 %6.2 %
Cement & Aggregate8.1 %1.1 %5.9 %7.2 %1.3 %5.4 %
Transportation4.7 %4.3 %4.6 %4.6 %4.7 %4.6 %
Oil & Gas3.8 %1.1 %2.9 %7.3 %1.3 %5.4 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Nine Months Ended March 31,
 20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
General Industry35.6 %40.1 %36.9 %34.6 %41.6 %36.7 %
Industrial Machinery9.6 %26.6 %15.0 %9.7 %23.7 %13.9 %
Food13.8 %2.9 %10.3 %11.6 %2.9 %9.0 %
Metals10.5 %6.8 %9.4 %11.3 %7.4 %10.1 %
Forest Products10.9 %2.9 %8.4 %9.0 %3.9 %7.4 %
Chem/Petrochem3.4 %13.7 %6.6 %3.2 %13.3 %6.3 %
Cement & Aggregate7.8 %1.1 %5.7 %7.2 %1.1 %5.4 %
Transportation4.7 %4.8 %4.8 %4.7 %4.4 %4.6 %
Oil & Gas3.7 %1.1 %2.9 %8.7 %1.7 %6.6 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
The following tables present the Company’s percentage of revenue by reportable segment and product line for the three and nine months ended March 31, 2021 and 2020:
Three Months Ended March 31,
 20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
Power Transmission37.2 %7.7 %27.8 %34.8 %8.5 %26.6 %
Fluid Power13.4 %38.3 %21.3 %13.3 %40.5 %21.7 %
Bearings, Linear & Seals28.9 %0.2 %19.7 %27.9 %0.3 %19.4 %
General Maintenance; Hose Products20.5 %18.8 %20.0 %24.0 %12.2 %20.4 %
Specialty Flow Control— %35.0 %11.2 %— %38.5 %11.9 %
Total100 %100 %100 %100 %100 %100 %
Nine Months Ended March 31,
 20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
Power Transmission37.4 %7.8 %28.0 %34.7 %9.9 %27.2 %
Fluid Power13.3 %38.2 %21.1 %13.3 %38.4 %20.9 %
Bearings, Linear & Seals28.9 %0.4 %19.9 %26.5 %0.3 %18.6 %
General Maintenance; Hose Products20.4 %16.0 %19.1 %25.5 %11.1 %21.1 %
Specialty Flow Control— %37.6 %11.9 %— %40.3 %12.2 %
Total100 %100 %100 %100 %100 %100 %
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 condensed consolidated balance sheet, is as follows:
March 31, 2021June 30, 2020$ Change% Change
Contract assets$11,838 $8,435 $3,403 40.3 %
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.