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Segment Information (Tables) | 6 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment financial information |
Three Months Ended |  | Service Center Based Distribution |  | Engineered Solutions |  | Total
December 31, 2022 |  |  |  |  |  |
Net sales |  | $ | 705,392 |  |  | $ | 354,888 |  |  | $ | 1,060,280 |
Operating income for reportable segments |  | 86,484 |  |  | 51,626 |  |  | 138,110 |
Depreciation and amortization of property |  | 4,474 |  |  | 1,078 |  |  | 5,552 |
Capital expenditures |  | 4,751 |  |  | 2,512 |  |  | 7,263 |
December 31, 2021 |  |  |  |  |  |
Net sales |  | $ | 587,218 |  |  | $ | 289,656 |  |  | $ | 876,874 |
Operating income for reportable segments |  | 67,450 |  |  | 36,426 |  |  | 103,876 |
Depreciation and amortization of property |  | 4,371 |  |  | 1,065 |  |  | 5,436 |
Capital expenditures |  | 3,039 |  |  | 850 |  |  | 3,889 |
Six Months Ended |  | Service Center Based Distribution |  | Engineered Solutions |  | Total
December 31, 2022 |  |  |  |  |  |
Net sales |  | $ | 1,423,380 |  |  | $ | 699,305 |  |  | $ | 2,122,685 |
Operating income for reportable segments |  | 175,293 |  |  | 97,160 |  |  | 272,453 |
Assets used in business |  | 1,454,040 |  |  | 1,068,864 |  |  | 2,522,904 |
Depreciation and amortization of property |  | 8,923 |  |  | 2,110 |  |  | 11,033 |
Capital expenditures |  | 8,316 |  |  | 4,501 |  |  | 12,817 |
December 31, 2021 |  |  |  |  |  |
Net sales |  | $ | 1,188,089 |  |  | $ | 580,466 |  |  | $ | 1,768,555 |
Operating income for reportable segments |  | 132,103 |  |  | 71,231 |  |  | 203,334 |
Assets used in business |  | 1,265,567 |  |  | 960,142 |  |  | 2,225,709 |
Depreciation and amortization of property |  | 8,750 |  |  | 2,113 |  |  | 10,863 |
Capital expenditures |  | 6,136 |  |  | 1,374 |  |  | 7,510 |
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 |  | Six Months Ended
|  | December 31, |  | December 31,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Operating income for reportable segments |  | $ | 138,110 |  |  | $ | 103,876 |  |  | $ | 272,453 |  |  | $ | 203,334 |
Adjustment for: |  |  |  |  |  |  |  |
Intangible amortization—Service Center Based Distribution |  | 730 |  |  | 881 |  |  | 1,488 |  |  | 1,773 |
Intangible amortization—Engineered Solutions |  | 7,084 |  |  | 7,203 |  |  | 14,031 |  |  | 14,432 |
Corporate and other expense, net |  | 17,403 |  |  | 17,615 |  |  | 37,509 |  |  | 34,338 |
Total operating income |  | 112,893 |  |  | 78,177 |  |  | 219,425 |  |  | 152,791 |
Interest expense, net |  | 6,185 |  |  | 7,007 |  |  | 12,665 |  |  | 14,397 |
Other expense (income), net |  | 758 |  |  | (869) |  |  | 1,766 |  |  | (1,181) |
Income before income taxes |  | $ | 105,950 |  |  | $ | 72,039 |  |  | $ | 204,994 |  |  | $ | 139,575 |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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