Revenue Recognition Revenue Recognition (Tables)

9 Months Ended

Mar. 31, 2019

Disaggregation of Revenue [Line Items]

Contract with Customer, Asset and Liability [Table Text Block]

Activity related to contract assets, which are included in other current assets on the condensed consolidated balance sheet, is as follows:

	March 31, 2019		July 1, 2018		$ Change			% Change
Contract assets	$	8,732	$	13,823	$	(5,091	)	(36.8	)%

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:

	Three Months Ended March 31, 2019
	As Reported			Adjustments		Balances without adoption of ASC 606
Net sales	$	885,443		$	569	$	886,012
Cost of sales	629,884			369		630,253
Gross profit	255,559			200		255,759
Selling, distribution and administrative expense, including depreciation	189,456			57		189,513
Intangible Impairment	31,594			—		31,594
Operating income	34,509			143		34,652
Interest expense, net	9,947			—		9,947
Other income, net	(1,256		)	—		(1,256		)
Income before income taxes	25,818			143		25,961
Income tax expense	9,283			37		9,320
Net income	$	16,535		$	106	$	16,641

	Nine Months Ended March 31, 2019
	As Reported			Adjustments		Balances without adoption of ASC 606
Net sales	$	2,589,996		$	4,886	$	2,594,882
Cost of sales	1,839,724			3,472		1,843,196
Gross profit	750,272			1,414		751,686
Selling, distribution and administrative expense, including depreciation	556,865			331		557,196
Intangible Impairment	31,594			—		31,594
Operating income	161,813			1,083		162,896
Interest expense, net	30,001			—		30,001
Other income, net	(549		)	—		(549		)
Income before income taxes	132,361			1,083		133,444
Income tax expense	28,171			273		28,444
Net income	$	104,190		$	810	$	105,000

	As of March 31, 2019
	As Reported		Adjustments			Balances without adoption of ASC 606
Assets
Other current assets	$	49,380	$	(8,732	)	$	40,648
Inventories	454,555		11,461			466,016
Other assets	33,761		209			33,970
Liabilities
Other current liabilities	62,731		6,649			69,380
Compensation and related benefits	69,324		(402		)	68,922
Other liabilities	77,497		(692		)	76,805
Equity
Retained Earnings	$	882,848	$	(2,619	)	$	880,229

Revenue from External Customers by Geographic Areas [Table Text Block]

The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three and nine months ended March 31, 2019. Other countries consist of Mexico, Australia, New Zealand, and Singapore.

	Three Months Ended March 31,
	2019						2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
Geographic Areas:
United States	$	520,180	$	251,922	772,102		$	491,698	$	222,197	$	713,895
Canada	66,725		—		66,725		68,112		—		$	68,112
Other countries	43,533		3,083		46,616		41,404		4,254		$	45,658
Total	$	630,438	$	255,005	$	885,443	$	601,214	$	226,451	$	827,665

	Nine Months Ended March 31,
	2019						2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
Geographic Areas:
United States	$	1,490,289	$	756,433	2,246,722		$	1,399,513	$	438,958	$	1,838,471
Canada	204,401		—		204,401		202,408		—		$	202,408
Other countries	129,095		9,778		138,873		123,813		10,861		$	134,674
Total	$	1,823,785	$	766,211	$	2,589,996	$	1,725,734	$	449,819	$	2,175,553

Disaggregation of Revenue [Table Text Block]

The following tables present the Company’s percentage of revenue by reportable segment and product line for the three and nine months ended March 31, 2019:

	Three Months Ended March 31, 2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total
Power Transmission	34.5	%	2.3	%	25.2	%
Fluid Power	13.5	%	41.3	%	21.5	%
General Maintenance; Hose Products	24.7	%	4.7	%	18.9	%
Bearings, Linear & Seals	27.3	%	0.4	%	19.6	%
Specialty Flow Control	—	%	51.3	%	14.8	%
Total	100.0	%	100.0	%	100.0	%

	Nine Months Ended March 31, 2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total
Power Transmission	33.8	%	1.7	%	24.3	%
Fluid Power	13.7	%	39.0	%	21.2	%
General Maintenance; Hose Products	26.0	%	5.0	%	19.7	%
Bearings, Linear & Seals	26.5	%	0.3	%	18.8	%
Specialty Flow Control	—	%	54.0	%	16.0	%
Total	100.0	%	100.0	%	100.0	%

All Sectors [Domain]

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]

The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three and nine months ended March 31, 2019:

	Three Months Ended March 31, 2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total
General Industry	35.8	%	41.7	%	37.5	%
Industrial Machinery	10.2	%	24.2	%	14.2	%
Metals	12.0	%	8.6	%	11.0	%
Food	10.5	%	2.5	%	8.2	%
Oil & Gas	10.1	%	2.3	%	7.9	%
Chem/Petrochem	2.8	%	12.8	%	5.7	%
Forest Products	7.0	%	3.6	%	6.0	%
Cement & Aggregate	6.9	%	1.0	%	5.2	%
Transportation	4.7	%	3.3	%	4.3	%
Total	100.0	%	100.0	%	100.0	%

	Nine Months Ended March 31, 2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total
General Industry	35.9	%	44.0	%	38.2	%
Industrial Machinery	9.7	%	22.0	%	13.3	%
Metals	12.2	%	8.3	%	11.1	%
Food	10.4	%	2.5	%	8.1	%
Oil & Gas	10.0	%	2.2	%	7.7	%
Chem/Petrochem	3.1	%	14.1	%	6.3	%
Forest Products	7.6	%	3.0	%	6.3	%
Cement & Aggregate	6.5	%	1.0	%	4.9	%
Transportation	4.6	%	2.9	%	4.1	%
Total	100.0	%	100.0	%	100.0	%