Business Combinations Assets Acquired (Tables)

12 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of Knox based on their estimated fair values at the acquisition date:



	Knox Acquisition
	2015
Accounts receivable	$	19,100
Inventories	18,800
Property	3,900
Identifiable intangible assets	58,500
Goodwill	63,200
Total assets acquired	163,500
Accounts payable and accrued liabilities	7,200
Deferred income taxes	24,300
Net assets acquired	$	132,000

Purchase price	$	132,800
Reconciliation of fair value transferred:
Working Capital Adjustments	(800		)
Total Consideration	$	132,000

The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of Reliance based on their estimated fair values at the acquisition date:



	Reliance Acquisition
	2014
Accounts receivable	$	20,600
Inventories	22,900
Other current assets	6,000
Property	12,900
Identifiable intangible assets	73,200
Goodwill	79,500
Total assets acquired	215,100
Accounts payable and accrued liabilities	15,800
Deferred income taxes	19,500
Net assets acquired	$	179,800

Purchase price	$	188,500
Reconciliation of fair value transferred:
Cash acquired	(1,400		)
Working capital adjustments	(8,200		)
Debt assumed	900
Total Consideration	$	179,800

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma consolidated results of operations have been prepared as if the Reliance acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2013 and the Knox acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2014:



Pro forma, year ended June 30:	2014		2013
Sales	$	2,687,903	$	2,600,453
Operating income	$	184,164	$	187,419
Net income	$	121,158	$	128,779
Diluted net income per share	$	2.86	$	3.03