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Segment Information (Tables)

9 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment financial information

Three Months Ended						Service Center Based Distribution						Fluid Power & Flow Control						Total
March 31, 2021
Net sales						$	572,892					$	268,045					$	840,937
Operating income for reportable segments						65,553						30,829						96,382
Depreciation and amortization of property						4,230						850						5,080
Capital expenditures						3,150						578						3,728
March 31, 2020
Net sales						$	574,368					$	256,429					$	830,797
Operating income for reportable segments						53,014						26,449						79,463
Depreciation and amortization of property						4,373						1,007						5,380
Capital expenditures						3,588						670						4,258

Nine Months Ended						Service Center Based Distribution						Fluid Power & Flow Control						Total
March 31, 2021
Net sales						$	1,601,866					$	738,165					$	2,340,031
Operating income for reportable segments						158,108						83,337						241,445
Assets used in business						1,385,648						919,740						2,305,388
Depreciation and amortization of property						12,877						2,764						15,641
Capital expenditures						10,680						1,497						12,177
March 31, 2020
Net sales						$	1,753,316					$	767,260					$	2,520,576
Operating income for reportable segments						167,279						82,755						250,034
Assets used in business						1,310,754						978,775						2,289,529
Depreciation and amortization of property						12,831						3,166						15,997
Capital expenditures						14,022						2,201						16,223

Reconciliation of operating income for reportable segments to the consolidated income before income taxes

A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows:

						Three Months Ended												Nine Months Ended
						March 31,												March 31,
						2021						2020						2021						2020
Operating income for reportable segments						$	96,382					$	79,463					$	241,445					$	250,034
Adjustment for:
Intangible amortization—Service Center Based Distribution						944						3,811						4,507						9,697
Intangible amortization—Fluid Power & Flow Control						7,293						7,291						21,731						21,974
Impairment—Service Center Based Distribution						—						—						49,528						—
Goodwill Impairment—Fluid Power & Flow Control						—						131,000						—						131,000
Corporate and other expense, net						13,678						15,311						41,326						45,402
Total operating income (loss)						74,467						(77,950)						124,353						41,961
Interest expense, net						7,608						8,805						22,919						28,447
Other income, net						(1,657)						(1,428)						(1,746)						(1,643)
Income (loss) before income taxes						$	68,516					$	(85,327)					$	103,180					$	15,157

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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