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SEGMENT INFORMATION | 3 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company's reportable segments are: Service Center and Engineered Solutions. These reportable segments contain the Company's various operating segments which have been aggregated based upon similar economic and operating characteristics. The Service Center segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of production equipment and motion control infrastructure. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. The Engineered Solutions segment includes our operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies. The accounting policies of the Company’s reportable segments are as described in Note 1. The Company's chief operating decision maker (CODM) is the chief executive officer. The CODM uses Segment Operating Income as the measure of segment profit and loss in measuring segment performance, determining how to allocate the Company's assets, evaluating performance in periodic reviews, and during the development of the annual budget and the regular forecasting process. The chief operating decision maker considers budget-to-actual variances on a quarterly basis, as well as segment-specific forecasting, when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses the segment's net sales in measuring segment performance. In addition to the two reportable segments, there is a category of certain business activities and expenses, referred to as corporate & other, that does not constitute an operating segment. Corporate & other expense, net includes the cost of our corporate headquarters and corporate functions, primarily compensation and benefits, and related administrative expenses and other expenses not directly associated with any reportable segment. These corporate and other expenses reconcile segment operating income to total consolidated income before income taxes.
Three Months Ended September 30, 2025 | Service Center |  | Engineered Solutions |  | Total
Total sales | $ | 783,848 |  |  | $ | 433,573 |  |  | $ | 1,217,421 |
Less: Inter-segment sales ¹ | 1,374 |  |  | 16,524 |  |  | 17,898 |
Net sales | $ | 782,474 |  |  | $ | 417,049 |  |  | $ | 1,199,523 |
Less segment expenses: |  |  |  |  |
Cost of sales | 556,201 |  |  | 281,893 |  |  |
Selling, distribution, and administrative expense, including depreciation ² | 122,220 |  |  | 89,296 |  |  |
Segment operating income | $ | 104,053 |  |  | $ | 45,860 |  |  | $ | 149,913 |
Corporate & other expense, net |  |  |  |  | 20,883 |
Interest expense, net |  |  |  |  | 993 |
Other income, net |  |  |  |  | (548) |
Income before income taxes |  |  |  |  | $ | 128,585 |
Three Months Ended September 30, 2024 | Service Center |  | Engineered Solutions |  | Total
Total sales | $ | 750,345 |  |  | $ | 361,898 |  |  | $ | 1,112,243 |
Less: Inter-segment sales ¹ | 606 |  |  | 12,693 |  |  | 13,299 |
Net sales | $ | 749,739 |  |  | $ | 349,205 |  |  | $ | 1,098,944 |
Less segment expenses: |  |  |  |  |
Cost of sales | 536,073 |  |  | 237,789 |  |  |
Selling, distribution, and administrative expense, including depreciation ² | 119,840 |  |  | 70,070 |  |  |
Segment operating income | $ | 93,826 |  |  | $ | 41,346 |  |  | $ | 135,172 |
Corporate & other expense, net |  |  |  |  | 22,000 |
Interest expense, net |  |  |  |  | (627) |
Other income, net |  |  |  |  | (2,281) |
Income before income taxes |  |  |  |  | $ | 116,080 |
¹The Company accounts for inter-segment sales using market rates. ²Amortization of intangibles is recorded within selling, distribution, and administrative expense, and therefore included in segment operating income for all periods presented. A reconciliation of supplemental segment financial information is as follows:
Three Months Ended |  | Service Center |  | Engineered Solutions |  | Total
September 30, 2025 |  |  |  |  |  |
Assets used in the business |  | $ | 1,785,052 |  |  | $ | 1,400,422 |  |  | $ | 3,185,474 |
Depreciation and amortization of property |  | 4,235 |  |  | 2,251 |  |  | 6,486 |
Amortization of intangibles |  | 730 |  |  | 9,473 |  |  | 10,203 |
Capital expenditures |  | 6,328 |  |  | 973 |  |  | 7,301 |
September 30, 2024 |  |  |  |  |  |
Assets used in the business |  | $ | 1,894,467 |  |  | $ | 1,108,744 |  |  | $ | 3,003,211 |
Depreciation and amortization of property |  | 4,419 |  |  | 1,505 |  |  | 5,924 |
Amortization of intangibles |  | 802 |  |  | 6,798 |  |  | 7,600 |
Capital expenditures |  | 4,435 |  |  | 1,114 |  |  | 5,549 |

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- Definition The entire disclosure for reporting segments including data and tables. 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