Segment Information (Tables)

6 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Fluid Power & Flow Control		Total
December 31, 2019
Net sales	$	575,788	$	257,587	$	833,375
Operating income for reportable segments	53,905		29,449		83,354
Depreciation and amortization of property	4,280		1,114		5,394
Capital expenditures	6,239		780		7,019
December 31, 2018
Net sales	$	589,298	$	250,740	$	840,038
Operating income for reportable segments	58,317		29,243		87,560
Depreciation and amortization of property	3,911		1,127		5,038
Capital expenditures	3,256		667		3,923

Six Months Ended	Service Center Based Distribution		Fluid Power & Flow Control		Total
December 31, 2019
Net sales	$	1,178,948	$	510,831	$	1,689,779
Operating income for reportable segments	114,265		56,306		170,571
Assets used in business	1,291,399		1,127,598		2,418,997
Depreciation and amortization of property	8,458		2,159		10,617
Capital expenditures	10,434		1,531		11,965
December 31, 2018
Net sales	$	1,193,347	$	511,206	$	1,704,553
Operating income for reportable segments	121,126		60,123		181,249
Assets used in business	1,223,926		1,066,062		2,289,988
Depreciation and amortization of property	7,822		2,197		10,019
Capital expenditures	5,700		1,396		7,096

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					Six Months Ended
	December 31,					December 31,
	2019			2018		2019			2018
Operating income for reportable segments	$	83,354		$	87,560	$	170,571		$	181,249
Adjustment for:
Intangible amortization—Service Center Based Distribution	2,832			3,973		5,886			7,991
Intangible amortization—Fluid Power & Flow Control	7,363			7,018		14,683			13,921
Corporate and other expense, net	14,414			15,604		30,091			32,033
Total operating income	58,745			60,965		119,911			127,304
Interest expense, net	9,583			9,578		19,642			20,054
Other (income) expense, net	(215		)	946		(215		)	707
Income before income taxes	$	49,377		$	50,441	$	100,484		$	106,543