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Segment Information (Tables)

3 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment financial information

Three Months Ended						Service Center Based Distribution						Fluid Power & Flow Control						Total
September 30, 2021
Net sales						$	600,871					$	290,810					$	891,681
Operating income for reportable segments						64,653						34,805						99,458
Assets used in business						1,349,654						953,526						2,303,180
Depreciation and amortization of property						4,379						1,048						5,427
Capital expenditures						3,097						524						3,621
September 30, 2020
Net sales						$	513,284					$	234,523					$	747,807
Operating income for reportable segments						49,901						25,861						75,762
Assets used in business						1,283,031						966,222						2,249,253
Depreciation and amortization of property						4,395						957						5,352
Capital expenditures						3,088						509						3,597

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
						September 30,
						2021						2020
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 income						74,614						52,308
Interest expense, net						7,390						7,653
Other income, net						(312)						(177)
Income before income taxes						$	67,536					$	44,832

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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- Definition

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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