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Segment Information
 3 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The accounting policies of the Company’s reportable segments are generally the same as those used to prepare the condensed consolidated financial statements. LIFO expense of $3,571 and $1,133 in the three months ended September 30, 2021 and 2020, respectively, is recorded in cost of sales in the condensed statements of income, and is included in operating income for the related reportable segment, as the Company allocates LIFO expense between the segments. Intercompany sales, primarily from the Fluid Power & Flow Control segment to the Service Center Based Distribution segment, of $8,132 and $7,496, in the three months ended September 30, 2021 and 2020, respectively, have been eliminated in the Segment Financial Information tables below.
Three Months EndedService Center Based DistributionFluid Power & Flow ControlTotal
September 30, 2021
Net sales$600,871 $290,810 $891,681 
Operating income for reportable segments64,653 34,805 99,458 
Assets used in business1,349,654 953,526 2,303,180 
Depreciation and amortization of property4,379 1,048 5,427 
Capital expenditures3,097 524 3,621 
September 30, 2020
Net sales$513,284 $234,523 $747,807 
Operating income for reportable segments49,901 25,861 75,762 
Assets used in business1,283,031 966,222 2,249,253 
Depreciation and amortization of property4,395 957 5,352 
Capital expenditures3,088 509 3,597 

A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows:
Three Months Ended
September 30,
20212020
Operating income for reportable segments$99,458 $75,762 
Adjustment for:
Intangible amortization—Service Center Based Distribution
892 2,581 
Intangible amortization—Fluid Power & Flow Control
7,229 7,145 
Corporate and other expense, net
16,723 13,728 
Total operating income74,614 52,308 
Interest expense, net7,390 7,653 
Other income, net(312)(177)
Income before income taxes$67,536 $44,832 

The change in corporate and other expense, net is 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.