Goodwill and Intangibles (Tables)

6 Months Ended

Dec. 31, 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 six month period ended December 31, 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		)	13,819		10,426
Other, primarily currency translation	758			—		758
Balance at December 31, 2019	$	210,999		$	462,176	$	673,175

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:

December 31, 2019	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	430,253	$	150,649	$	279,604
Trade names	111,911		31,113		80,798
Vendor relationships	11,368		8,561		2,807
Other	2,035		725		1,310
Total Identifiable Intangibles	$	555,567	$	191,048	$	364,519

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
Other	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 six month period ended December 31, 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	$	7,160	20.0
Trade names	4,260		15.0
Other	980		6.8
Total Intangibles Acquired	$	12,400	17.2