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Segment Information
 3 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The accounting policies of the Company’s reportable segments are generally the same as those used to prepare the condensed consolidated financial statements. LIFO expense of $1,133 and $358 in the three months ended September 30, 2020 and 2019, respectively, is recorded in cost of sales in the condensed statements of income, and is included in operating income for the Service Center Based Distribution segment. The Company allocates LIFO expense between the segments in the fourth quarter of its fiscal year. Intercompany sales, primarily from the Fluid Power & Flow Control segment to the Service Center Based Distribution segment, of $7,496 and $7,313, in the three months ended September 30, 2020 and 2019, respectively, have been eliminated in the Segment Financial Information tables below.
Three Months EndedService Center Based DistributionFluid Power & Flow ControlTotal
September 30, 2020
Net sales$513,284 $234,523 $747,807 
Operating income for reportable segments49,901 25,861 75,762 
Assets used in business1,283,031 966,222 2,249,253 
Depreciation and amortization of property4,395 957 5,352 
Capital expenditures3,088 509 3,597 
September 30, 2019
Net sales$603,160 $253,244 $856,404 
Operating income for reportable segments60,360 26,857 87,217 
Assets used in business1,289,592 1,140,140 2,429,732 
Depreciation and amortization of property4,178 1,045 5,223 
Capital expenditures4,195 751 4,946 

A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows:
Three Months Ended
September 30,
20202019
Operating income for reportable segments$75,762 $87,217 
Adjustment for:
Intangible amortization—Service Center Based Distribution
2,581 3,054 
Intangible amortization—Fluid Power & Flow Control
7,145 7,320 
Corporate and other expense, net
13,728 15,677 
Total operating income52,308 61,166 
Interest expense, net7,653 10,059 
Other income, net(177)— 
Income before income taxes$44,832 $51,107 

The change in corporate and other expense, net is due to changes in corporate expenses, as well as in the amounts and levels of certain expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support, and other items.