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Goodwill and Intangibles (Tables) | 3 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill by reportable segment | The changes in the carrying amount of goodwill for both the Service Center Based Distribution segment and the Engineered Solutions segment for the fiscal year ended June 30, 2024 and the three month period ended September 30, 2024 are as follows:
| Service Center Based Distribution |  | Engineered Solutions |  | Total
Balance at June 30, 2023 | $ | 211,231 |  |  | $ | 367,187 |  |  | $ | 578,418 |
Goodwill acquired during the year | 9,712 |  |  | 32,634 |  |  | 42,346 |
Other, primarily currency translation | (1,369) |  |  | — |  |  | (1,369) |
Balance at June 30, 2024 | 219,574 |  |  | 399,821 |  |  | 619,395 |
Goodwill acquired during the period | 2,827 |  |  | 2,066 |  |  | 4,893 |
Other, primarily currency translation | (71) |  |  | — |  |  | (71) |
Balance at September 30, 2024 | $ | 222,330 |  |  | $ | 401,887 |  |  | $ | 624,217 |
Schedule of Intangible Assets | The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
September 30, 2024 |  | Amount |  | Accumulated Amortization |  | Net Book Value
Finite-Lived Identifiable Intangibles: |  |  |  |  |  |
Customer relationships |  | $ | 397,076 |  |  | $ | 211,513 |  |  | $ | 185,563 |
Trade names |  | 88,836 |  |  | 36,399 |  |  | 52,437 |
Other |  | 6,582 |  |  | 1,838 |  |  | 4,744 |
Total Identifiable Intangibles |  | $ | 492,494 |  |  | $ | 249,750 |  |  | $ | 242,744 |
June 30, 2024 |  | Amount |  | Accumulated Amortization |  | Net Book Value
Finite-Lived Identifiable Intangibles: |  |  |  |  |  |
Customer relationships |  | $ | 394,114 |  |  | $ | 205,422 |  |  | $ | 188,692 |
Trade names |  | 88,848 |  |  | 34,891 |  |  | 53,957 |
Other |  | 4,946 |  |  | 1,725 |  |  | 3,221 |
Total Identifiable Intangibles |  | $ | 487,908 |  |  | $ | 242,038 |  |  | $ | 245,870 |
Finite-lived identifiable intangible assets are written off when they become fully amortized.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | During the three month period ended September 30, 2024, the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:
|  | Acquisition Cost Allocation |  | Weighted-Average life
Customer relationships |  | $ | 2,738 |  |  | 20.0
Other |  | 1,725 |  |  | 15.0
Total Identifiable Intangibles |  | $ | 4,463 |  |  | 18.1

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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