Goodwill and Intangibles (Tables)

9 Months Ended

Mar. 31, 2018

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 & Flow Control segment for the fiscal year ended June 30, 2017 and the nine month period ended March 31, 2018 are as follows:



	Service Centers		Fluid Power & Flow Control			Total
Balance at July 1, 2016	$	198,486	$	4,214		$	202,700
Goodwill acquired during the period	3,220		625			3,845
Other, primarily currency translation	34		(444		)	(410		)
Balance at June 30, 2017	$	201,740	$	4,395		$	206,135
Goodwill acquired during the period	2,525		420,953			423,478
Other, primarily currency translation	170		—			170
Balance at March 31, 2018	$	204,435	$	425,348		$	629,783

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, 2018	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	467,938	$	117,213	$	350,725
Trade names	114,563		22,372		92,191
Vendor relationships	11,503		7,223		4,280
Non-competition agreements	3,552		2,659		893
Total Identifiable Intangibles	$	597,556	$	149,467	$	448,089



June 30, 2017	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	235,009	$	102,414	$	132,595
Trade names	43,873		19,295		24,578
Vendor relationships	14,152		9,141		5,011
Non-competition agreements	3,788		2,410		1,378
Total Identifiable Intangibles	$	296,822	$	133,260	$	163,562

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, 2018, 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

Trade names

Total Intangibles Acquired