Revenue Recognition Revenue Recognition (Tables)

12 Months Ended

Jun. 30, 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 consolidated balance sheet, is as follows:

	June 30, 2019		July 1, 2018		$ Change			% Change
Contract assets	$	8,920	$	13,823	$	(4,903	)	(35.5	)%

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 consolidated financial statements:

	Year Ended June 30, 2019
	As Reported			Adjustments		Balances without adoption of ASC 606
Net sales	$	3,472,739		$	4,675	$	3,477,414
Cost of sales	2,465,116			3,691		2,468,807
Gross profit	1,007,623			984		1,008,607
Selling, distribution and administrative expense, including depreciation	742,241			321		742,562
Intangible Impairment	31,594			—		31,594
Operating income	233,788			663		234,451
Interest expense, net	40,188			—		40,188
Other income, net	(881		)	—		(881		)
Income before income taxes	194,481			663		195,144
Income tax expense	50,488			166		50,654
Net income	$	143,993		$	497	$	144,490

	As of June 30, 2019
	As Reported		Adjustments			Balances without adoption of ASC 606
Assets
Accounts receivable, net	$	540,902	$	4,690		$	545,592
Other current assets	51,462		(8,920		)	42,542
Inventories	447,555		6,552			454,107
Other assets	28,399		297			28,696
Liabilities
Other current liabilities	69,491		6,688			76,179
Other liabilities	102,019		(1,116		)	100,903
Equity
Retained Earnings	$	897,034	$	(2,932	)	$	894,102

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

Disaggregation of Revenues

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 years ended June 30, 2019 and 2018. Other countries consist of Mexico, Australia, New Zealand, and Singapore.

	Year Ended June 30,
	2019						2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
Geographic Areas:
United States	$	2,009,479	$	1,007,280	$	3,016,759	$	1,903,388	$	711,653	$	2,615,041
Canada	271,305		—		271,305		273,622		—		273,622
Other countries	172,121		12,554		184,675		169,408		15,203		184,611
Total	$	2,452,905	$	1,019,834	$	3,472,739	$	2,346,418	$	726,856	$	3,073,274

Disaggregation of Revenue [Table Text Block]

The following table presents the Company’s percentage of revenue by reportable segment and product line for the year ended June 30, 2019:

	Year Ended June 30, 2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total
Power Transmission	33.9	%	1.6	%	24.4	%
Fluid Power	13.5		39.4		21.1
Bearings, Linear & Seals	27.5		0.3		19.5
General Maintenance; Hose Products	25.1		5.3		19.3
Specialty Flow Control	—		53.4		15.7
Total	100.0	%	100.0	%	100.0	%

Commercial and Industrial Sector [Member]

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]

The following table presents the Company’s percentage of revenue by reportable segment and major customer industry for the year ended June 30, 2019:

	Year Ended June 30, 2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total
General Industry	33.7	%	43.0	%	36.3	%
Industrial Machinery	10.4		21.8		13.8
Metals	12.6		9.4		11.6
Food	10.6		2.7		8.3
Oil & Gas	10.1		2.1		7.8
Forest Products	8.0		3.1		6.6
Chem/Petrochem	3.1		13.8		6.3
Cement & Aggregate	6.7		1.0		5.0
Transportation	4.8		3.1		4.3
Total	100.0	%	100.0	%	100.0	%