Goodwill and Intangibles (Tables)

9 Months Ended

Mar. 31, 2017

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 fiscal year ended June 30, 2016 and the nine month period ended March 31, 2017 are as follows:

	Service Centers			Fluid Power			Total
Balance at July 1, 2015	$	253,477		$	929		$	254,406
Goodwill acquired during the period	18,683			3,285			21,968
Impairment	(64,794		)	—			(64,794		)
Other, primarily currency translation	(8,880		)	—			(8,880		)
Balance at June 30, 2016	$	198,486		$	4,214		$	202,700
Goodwill added during the period	3,220			625			3,845
Other, primarily currency translation	(760		)	(444		)	(1,204		)
Balance at March 31, 2017	$	200,946		$	4,395		$	205,341

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, 2017	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	233,334	$	96,969	$	136,365
Trade names	43,646		18,440		25,206
Vendor relationships	14,046		8,784		5,262
Non-competition agreements	4,677		3,106		1,571
Total Identifiable Intangibles	$	295,703	$	127,299	$	168,404

June 30, 2016	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	239,132	$	84,566	$	154,566
Trade names	44,430		16,099		28,331
Vendor relationships	14,042		8,003		6,039
Non-competition agreements	4,700		2,396		2,304
Total Identifiable Intangibles	$	302,304	$	111,064	$	191,240

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