XML 35 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment and Geographic Information (Tables)
3 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment financial information
Three Months Ended
 
Service Center Based Distribution
 
Fluid Power Businesses
 
Total
September 30, 2017
 
 
 
 
 
 
Net sales
 
$
568,913

 
$
111,788

 
$
680,701

Operating income for reportable segments
 
33,722

 
13,290

 
47,012

Assets used in business
 
1,182,784

 
202,123

 
1,384,907

Depreciation and amortization of property
 
3,669

 
258

 
3,927

Capital expenditures
 
5,548

 
788

 
6,336

 
 
 
 
 
 
 
September 30, 2016
 
 
 
 
 
 
Net sales
 
$
529,230

 
$
95,618

 
$
624,848

Operating income for reportable segments
 
26,996

 
10,478

 
37,474

Assets used in business
 
1,147,199

 
152,240

 
1,299,439

Depreciation and amortization of property
 
3,416

 
234

 
3,650

Capital expenditures
 
2,924

 
75

 
2,999

 

Enterprise Resource Planning system (ERP) related assets are included 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,
 
 
2017
 
2016
Operating income for reportable segments
 
$
47,012

 
$
37,474

Adjustment for:
 
 
 
 
Intangible amortization—Service Center Based Distribution
 
4,512

 
4,846

Intangible amortization—Fluid Power Businesses
 
1,319

 
1,391

Corporate and other income, net
 
(10,656
)
 
(12,182
)
Total operating income
 
51,837

 
43,419

Interest expense, net
 
2,166

 
2,146

Other income, net
 
(711
)
 
(197
)
Income before income taxes
 
$
50,382

 
$
41,470


The change in corporate and other income, net is due to changes in
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,
 
 
2017
 
2016
Geographic Areas:
 
 
 
 
United States
 
$
567,545

 
$
523,367

Canada
 
66,817

 
62,581

Other countries
 
46,339

 
38,900

Total
 
$
680,701

 
$
624,848

    
Other countries consist of Mexico, Australia, New Zealand