Goodwill and Intangibles (Tables)

6 Months Ended

Dec. 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, 2018 and the six month period ended December 31, 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/adjusted during the period	—			4,975		4,975
Other, primarily currency translation	(412		)	—		(412		)
Balance at December 31, 2018	$	202,672		$	448,534	$	651,206

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:

December 31, 2018	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	463,998	$	141,565	$	322,433
Trade names	112,757		26,179		86,578
Vendor relationships	11,376		7,758		3,618
Non-competition agreements	2,762		2,298		464
Total Identifiable Intangibles	$	590,893	$	177,800	$	413,093

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.