Goodwill and Intangibles (Tables)

3 Months Ended

Sep. 30, 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, 2018 and the three month period ended September 30, 2018 are as follows:

	Service Center Based Distribution			Fluid Power & Flow Control		Total
Balance at July 1, 2017	$	201,740		$	4,395	$	206,135
Goodwill acquired during the period	2,525			439,164		441,689
Other, primarily currency translation	(1,181		)	—		(1,181		)
Balance at June 30, 2018	$	203,084		$	443,559	$	646,643
Goodwill acquired during the period	—			—		—
Other, primarily currency translation	886			—		886
Balance at September 30, 2018	$	203,970		$	443,559	$	647,529

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:

September 30, 2018	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	466,885	$	134,284	$	332,601
Trade names	113,155		24,395		88,760
Vendor relationships	11,398		7,558		3,840
Non-competition agreements	2,763		2,163		600
Total Identifiable Intangibles	$	594,201	$	168,400	$	425,801

June 30, 2018	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	465,691	$	125,009	$	340,682
Trade names	112,939		22,454		90,485
Vendor relationships	11,425		7,382		4,043
Non-competition agreements	2,761		2,024		737
Total Identifiable Intangibles	$	592,816	$	156,869	$	435,947

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