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Segment Information (Tables) | 3 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Segment financial information |
Three Months Ended |  | Service Center Based Distribution |  | Engineered Solutions |  | Total
September 30, 2024 |  |  |  |  |  |
Net sales |  | $ | 749,739 |  |  | $ | 349,205 |  |  | $ | 1,098,944 |
Operating income for reportable segments |  | 94,627 |  |  | 48,145 |  |  | 142,772 |
Assets used in the segment |  | 1,894,467 |  |  | 1,108,744 |  |  | 3,003,211 |
Depreciation and amortization of property |  | 4,419 |  |  | 1,505 |  |  | 5,924 |
Capital expenditures |  | 4,435 |  |  | 1,114 |  |  | 5,549 |
September 30, 2023 |  |  |  |  |  |
Net sales |  | $ | 746,533 |  |  | $ | 348,655 |  |  | $ | 1,095,188 |
Operating income for reportable segments |  | 96,881 |  |  | 49,595 |  |  | 146,476 |
Assets used in the segment |  | 1,749,309 |  |  | 1,001,202 |  |  | 2,750,511 |
Depreciation and amortization of property |  | 4,436 |  |  | 1,281 |  |  | 5,717 |
Capital expenditures |  | 3,634 |  |  | 706 |  |  | 4,340 |
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, |  |
|  | 2024 |  | 2023 |  |  |  |
Operating income for reportable segments |  | $ | 142,772 |  |  | $ | 146,476 |  |  |  |  |
Adjustment for: |  |  |  |  |  |  |  |
Intangible amortization—Service Center Based Distribution |  | 802 |  |  | 677 |  |  |  |  |
Intangible amortization—Engineered Solutions |  | 6,798 |  |  | 6,716 |  |  |  |  |
Corporate and other expense, net |  | 22,000 |  |  | 18,403 |  |  |  |  |
Total operating income |  | 113,172 |  |  | 120,680 |  |  |  |  |
Interest (income) expense, net |  | (627) |  |  | 1,320 |  |  |  |  |
Other (income) expense, net |  | (2,281) |  |  | 431 |  |  |  |  |
Income before income taxes |  | $ | 116,080 |  |  | $ | 118,929 |  |  |  |  |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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