Segment Information (Tables)

3 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Fluid Power & Flow Control		Total
September 30, 2019
Net sales	$	603,160	$	253,244	$	856,404
Operating income for reportable segments	60,360		26,857		87,217
Assets used in business	1,289,592		1,140,140		2,429,732
Depreciation and amortization of property	4,178		1,045		5,223
Capital expenditures	4,195		751		4,946
September 30, 2018
Net sales	$	604,049	$	260,466	$	864,515
Operating income for reportable segments	62,809		30,880		93,689
Assets used in business	1,227,815		1,077,873		2,305,688
Depreciation and amortization of property	3,911		1,070		4,981
Capital expenditures	2,444		729		3,173

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
	September 30,
	2019		2018
Operating income for reportable segments	$	87,217	$	93,689
Adjustment for:
Intangible amortization—Service Center Based Distribution	3,054		4,018
Intangible amortization—Fluid Power & Flow Control	7,320		6,903
Corporate and other expense, net	15,677		16,429
Total operating income	61,166		66,339
Interest expense, net	10,059		10,476
Other income, net	—		(239		)
Income before income taxes	$	51,107	$	56,102