Segment and Geographic Information (Tables)

3 Months Ended

Sep. 30, 2014



Three Months Ended	Service Center Based Distribution		Fluid Power Businesses		Total
September 30, 2014
Net sales	$	575,097	$	127,228	$	702,325
Operating income for reportable segments	37,535		12,933		50,468
Assets used in business	1,251,565		217,354		1,468,919
Depreciation and amortization of property	3,843		368		4,211
Capital expenditures	2,738		362		3,100

September 30, 2013
Net sales	$	492,072	$	113,233	$	605,305
Operating income for reportable segments	28,372		9,457		37,829
Assets used in business	841,770		208,319		1,050,089
Depreciation and amortization of property	2,999		432		3,431
Capital expenditures	1,394		177		1,571

Enterprise Resource Planning system (ERP) related assets are included in assets used in business and capital expenditures within the Service Center Based Distribution segment.

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,
	2014			2013
Operating income for reportable segments	$	50,468		$	37,829
Adjustment for:
Intangible amortization—Service Center Based Distribution	4,867			1,495
Intangible amortization—Fluid Power Businesses	1,624			1,754
Corporate and other (income) expense, net	(2,188		)	(4,959		)
Total operating income	46,165			39,539
Interest expense, net	1,662			61
Other (income) expense, net	244			(1,091		)
Income before income taxes	$	44,259		$	40,569

The change in corporate and other (income) expense, net is due to changes in the amounts and levels of expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support and other items.

Net sales are presented in geographic areas

Net sales are presented in geographic areas based on the location of the facility shipping the product and are as follows:



	Three Months Ended
	September 30,
	2014		2013
Geographic Areas:
United States	$	561,559	$	501,051
Canada	99,181		69,747
Other countries	41,585		34,507
Total	$	702,325	$	605,305

Other countries consist of Mexico, Australia and New Zealand

- 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.

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