Revenue Recognition Revenue Recognition (Tables)

3 Months Ended

Sep. 30, 2018

Disaggregation of Revenue [Line Items]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The following tables summarize the impacts of ASC 606 on the Company's condensed consolidated financial statements:

	For the three months ended September 30, 2018
	As Reported			Adjustments		Balances without adoption of ASC 606
Net Sales	$	864,515		$	3,312	$	867,827
Cost of Sales	612,662			2,404		615,066
Gross Profit	251,853			908		252,761
Selling, Distribution and Administrative, including depreciation	185,514			219		185,733
Operating Income	66,339			689		67,028
Interest Expense, net	10,476			—		10,476
Other Income, net	(239		)	—		(239		)
Income Before Income Taxes	56,102			689		56,791
Income Tax Expense	7,164			172		7,336
Net Income	$	48,938		$	517	$	49,455

	As of September 30, 2018
	As Reported		Adjustments			Balances without adoption of ASC 606
Assets
Accounts Receivable, net	$	565,462	$	(10,393	)	$	555,069
Inventories	431,658		12,529			444,187
Other Assets	23,494		173			23,667
Liabilities
Other Current Liabilities	70,109		6,559			76,668
Compensation and Related Benefits	62,995		(511		)	62,484
Other Liabilities	78,281		(827		)	77,454
Equity
Retained Earnings	$	1,181,683	$	(2,912	)	$	1,178,771

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

The following table presents the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product. Other countries consist of Mexico, Australia, New Zealand, and Singapore.

	Three Months Ended September 30,
	2018						2017
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
Geographic Areas:
United States	$	490,774	$	256,649	747,423		$	458,996	$	108,549	$	567,545
Canada	69,107		—		69,107		66,817		—		$	66,817
Other countries	44,168		3,817		47,985		43,100		3,239		$	46,339
Total	$	604,049	$	260,466	$	864,515	$	568,913	$	111,788	$	680,701

Disaggregation of Revenue [Table Text Block]

The following table presents the Company’s percentage of revenue by reportable segment and product line for the three months ended September 30, 2018:

	For the three months ended September 30, 2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total
Power Transmission	32.8	%	1.5	%	23.3	%
Fluid Power	14.0	%	37.6	%	21.1	%
General Maintenance; Hose Products	27.6	%	4.7	%	20.8	%
Bearings, Linear & Seals	25.6	%	—	%	17.9	%
Specialty Flow Control	—	%	56.2	%	16.9	%
Total	100.0	%	100.0	%	100.0	%

All Sectors [Domain]

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]

The following table presents the Company’s percentage of revenue by reportable segment and major customer industry for the three months ended September 30, 2018:

	For the three months ended September 30, 2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total
General Industry	35.8	%	44.0	%	38.3	%
Industrial Machinery	9.2	%	21.4	%	12.9	%
Metals	11.1	%	7.8	%	10.1	%
Food	10.8	%	2.5	%	8.3	%
Oil & Gas	9.6	%	2.1	%	7.3	%
Chem/Petrochem	3.5	%	15.6	%	7.1	%
Forest Products	8.7	%	2.6	%	6.9	%
Cement & Aggregate	6.8	%	1.0	%	5.0	%
Transportation	4.5	%	3.0	%	4.1	%
Total	100.0	%	100.0	%	100.0	%