Goodwill and Intangibles (Tables)

9 Months Ended

Mar. 31, 2014

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 Fluid Power Businesses segment for the nine month period ended March 31, 2014 are as follows:

	Service Centers			Fluid Power		Total
Balance at July 1, 2013	$	105,920		$	929	$	106,849
Goodwill acquired during the period	5,727					5,727
Other, primarily currency translation	(1,375		)			(1,375		)
Balance at March 31, 2014	$	110,272		$	929	$	111,201

At March 31, 2014, accumulated goodwill impairment losses, subsequent to fiscal year 2002, totaled $36,605 and related to the Fluid Power Businesses segment.

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:

March 31, 2014	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Intangibles:
Customer relationships	$	106,173	$	44,496	$	61,677
Trade names	26,314		9,755		16,559
Vendor relationships	15,365		6,292		9,073
Non-competition agreements	2,204		1,145		1,059
Total Intangibles	$	150,056	$	61,688	$	88,368

June 30, 2013	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Intangibles:
Customer relationships	$	100,854	$	38,844	$	62,010
Trade names	26,690		8,643		18,047
Vendor relationships	15,433		5,443		9,990
Non-competition agreements	4,743		3,523		1,220
Total Intangibles	$	147,720	$	56,453	$	91,267

Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

During the nine month period ended March 31, 2014, 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	$	6,940	20 years
Trade names	160		5 years
Non-competition agreements	310		5 years
Total Intangibles Acquired	$	7,410	19 years