Segment Information (Tables)

3 Months Ended

Sep. 30, 2018



Three Months Ended	Service Center Based Distribution		Fluid Power & Flow Control		Total
September 30, 2018
Net sales	$	604,049	$	260,466	$	864,515
Operating income for reportable segments	62,809		30,880		93,689
Assets used in business	1,227,815		1,077,873		2,305,688
Depreciation and amortization of property	3,911		1,070		4,981
Capital expenditures	2,444		729		3,173

September 30, 2017
Net sales	$	568,913	$	111,788	$	680,701
Operating income for reportable segments	59,247		13,202		72,449
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

Enterprise Resource Planning system (ERP) related assets are included within the Service Center Based Distribution segment.

A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows:



	Three Months Ended
	September 30,
	2018			2017
Operating income for reportable segments	$	93,689		$	72,449
Adjustment for:
Intangible amortization—Service Center Based Distribution	4,018			4,512
Intangible amortization—Fluid Power & Flow Control	6,903			1,319
Corporate and other expense, net	16,429			14,781
Total operating income	66,339			51,837
Interest expense, net	10,476			2,166
Other income, net	(239		)	(711		)
Income before income taxes	$	56,102		$	50,382

The change in corporate and other income, net is due to changes in