Goodwill and Intangibles (Tables)

3 Months Ended

Sep. 30, 2019

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, 2019 and the three month period ended September 30, 2019 are as follows:

	Service Center Based Distribution			Fluid Power & Flow Control		Total
Balance at July 1, 2018	$	203,084		$	443,559	$	646,643
Goodwill acquired during the period	9,943			4,798		14,741
Other, primarily currency translation	607			—		607
Balance at June 30, 2019	$	213,634		$	448,357	$	661,991
Goodwill adjusted/acquired during the period	(3,393		)	12,773		9,380
Other, primarily currency translation	105			—		105
Balance at September 30, 2019	$	210,346		$	461,130	$	671,476

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:

September 30, 2019	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	435,325	$	142,389	$	292,936
Trade names	107,695		29,189		78,506
Vendor relationships	11,306		8,315		2,991
Non-competition agreements	1,462		1,024		438
Total Identifiable Intangibles	$	555,788	$	180,917	$	374,871

June 30, 2019	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	422,367	$	135,879	$	286,488
Trade names	105,946		27,232		78,714
Vendor relationships	11,367		8,156		3,211
Non-competition agreements	2,702		2,249		453
Total Identifiable Intangibles	$	542,382	$	173,516	$	368,866

Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.

Schedule of Acquired Indefinite-lived Intangible Assets by Major Class [Table Text Block]

During the three month period ended September 30, 2019, the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:

	Acquisition Cost Allocation		Weighted-Average Life
Customer relationships	$	12,664	20
Total Intangibles Acquired	$	12,664	20