Segment Information (Tables)

9 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Fluid Power & Flow Control		Total
March 31, 2019
Net sales	$	630,438	$	255,005	$	885,443
Operating income for reportable segments	64,763		25,837		90,600
Depreciation and amortization of property	3,969		1,057		5,026
Capital expenditures	4,024		591		4,615
March 31, 2018
Net sales	$	601,214	$	226,451	$	827,665
Operating income for reportable segments	61,076		26,514		87,590
Depreciation and amortization of property	3,885		828		4,713
Capital expenditures	4,385		2,054		6,439

Nine Months Ended	Service Center Based Distribution		Fluid Power & Flow Control		Total
March 31, 2019
Net sales	$	1,823,785	$	766,211	$	2,589,996
Operating income for reportable segments	185,889		85,960		271,849
Assets used in business	1,252,161		1,070,649		2,322,810
Depreciation and amortization of property	11,791		3,254		15,045
Capital expenditures	9,724		1,987		11,711
March 31, 2018
Net sales	$	1,725,734	$	449,819	$	2,175,553
Operating income for reportable segments	172,965		53,482		226,447
Assets used in business	1,202,593		1,069,730		2,272,323
Depreciation and amortization of property	11,356		1,365		12,721
Capital expenditures	14,754		3,144		17,898

Reconciliation of operating income for reportable segments to the consolidated income before income taxes

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

	Three Months Ended						Nine Months Ended
	March 31,						March 31,
	2019			2018			2019			2018
Operating income for reportable segments	$	90,600		$	87,590		$	271,849		$	226,447
Adjustment for:
Intangible amortization—Service Center Based Distribution	2,794			4,311			10,785			13,248
Intangible amortization—Fluid Power & Flow Control	7,117			5,489			21,038			8,078
Intangible Impairment—Service Center Based Distribution	31,594			—			31,594			—
Corporate and other expense, net	14,586			21,346			46,619			50,125
Total operating income	34,509			56,444			161,813			154,996
Interest expense, net	9,947			8,216			30,001			12,521
Other income, net	(1,256		)	(1,291		)	(549		)	(2,022		)
Income before income taxes	$	25,818		$	49,519		$	132,361		$	144,497