Segment Information (Tables)

12 Months Ended

Jun. 30, 2020

Segment Financial Information



	Service Center Based Distribution		Fluid Power & Flow Control		Total
Year Ended June 30, 2020
Net sales	$	2,241,949	$	1,003,703	$	3,245,652
Operating income for reportable segments	211,667		109,847		321,514
Assets used in the business	1,314,011		969,540		2,283,551
Depreciation and amortization of property	17,133		4,063		21,196
Capital expenditures	17,063		3,052		20,115
Year Ended June 30, 2019
Net sales	$	2,452,905	$	1,019,834	$	3,472,739
Operating income for reportable segments	254,954		112,117		367,071
Assets used in the business	1,265,093		1,066,604		2,331,697
Depreciation and amortization of property	15,982		4,254		20,236
Capital expenditures	16,475		2,495		18,970
Year Ended June 30, 2018
Net sales	$	2,346,418	$	726,856	$	3,073,274
Operating income for reportable segments	238,322		83,175		321,497
Assets used in the business	1,198,296		1,087,445		2,285,741
Depreciation and amortization of property	15,336		2,462		17,798
Capital expenditures	18,492		4,738		23,230

A reconciliation of operating income for reportable segments to the consolidated income before income taxes
is as follows:



Year Ended June 30,	2020			2019			2018
Operating income for reportable segments	$	321,514		$	367,071		$	321,497
Adjustments for:
Intangible amortization — Service Center Based Distribution	12,385			13,639			17,375
Intangible amortization — Fluid Power & Flow Control	29,168			28,244			14,690
Intangible Impairment — Service Center Based Distribution	—			31,594			—
Goodwill Impairment — Fluid Power & Flow Control	131,000			—			—
Corporate and other expense, net	59,972			59,806			63,605
Total operating income	88,989			233,788			225,827
Interest expense, net	36,535			40,188			23,485
Other income, net	(2,782		)	(881		)	(2,376		)
Income before income taxes	$	55,236		$	194,481		$	204,718