Revenue Recognition Revenue Recognition (Tables)

3 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue from External Customers by Geographic Areas [Table Text Block]

The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three months ended September 30, 2020 and 2019. Other countries consist of Mexico, Australia, New Zealand, and Singapore.

	Three Months Ended September 30,
	2020						2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
Geographic Areas:
United States	$	415,242	$	228,815	$	644,057	$	492,873	$	250,113	$	742,986
Canada	56,896		—		56,896		65,946		—		65,946
Other countries	41,146		5,708		46,854		44,341		3,131		47,472
Total	$	513,284	$	234,523	$	747,807	$	603,160	$	253,244	$	856,404

Disaggregation of Revenue [Table Text Block]

The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three months ended September 30, 2020 and 2019:

	Three Months Ended September 30,
	2020						2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
General Industry	36.0	%	39.4	%	37.0	%	34.8	%	43.7	%	37.5	%
Industrial Machinery	9.4	%	26.7	%	14.9	%	10.2	%	22.1	%	13.7	%
Food	14.1	%	3.0	%	10.7	%	11.1	%	2.7	%	8.6	%
Metals	10.2	%	7.0	%	9.2	%	12.4	%	8.2	%	11.1	%
Forest Products	10.8	%	2.9	%	8.3	%	7.7	%	3.1	%	6.4	%
Chem/Petrochem	3.5	%	13.3	%	6.6	%	2.8	%	12.7	%	5.7	%
Cement & Aggregate	7.7	%	1.1	%	5.6	%	6.8	%	1.0	%	5.1	%
Transportation	4.7	%	5.4	%	4.9	%	4.9	%	4.6	%	4.8	%
Oil & Gas	3.6	%	1.2	%	2.8	%	9.3	%	1.9	%	7.1	%
Total	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

The following tables present the Company’s percentage of revenue by reportable segment and product line for the three months ended September 30, 2020 and 2019:

	Three Months Ended September 30,
	2020						2019
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
Power Transmission	37.7	%	7.6	%	28.3	%	34.5	%	9.3	%	27.1	%
Fluid Power	13.1	%	39.1	%	21.3	%	13.3	%	39.7	%	21.1	%
Bearings, Linear & Seals	29.0	%	0.4	%	20.0	%	25.9	%	0.3	%	18.3	%
General Maintenance; Hose Products	20.2	%	13.8	%	18.1	%	26.3	%	8.0	%	20.9	%
Specialty Flow Control	—	%	39.1	%	12.3	%	—	%	42.7	%	12.6	%
Total	100	%	100	%	100	%	100	%	100	%	100	%

Contract with Customer, Asset and Liability [Table Text Block]

Contract Assets

The Company’s contract assets consist of un-billed amounts resulting from contracts for which revenue is recognized over time using the cost-to-cost method, and for which revenue recognized exceeds the amount billed to the customer.

Activity related to contract assets, which are included in other current assets on the condensed consolidated balance sheet, is as follows:

	September 30, 2020		June 30, 2020		$ Change		% Change
Contract assets	$	9,536	$	8,435	$	1,101	13.1	%

The difference between the opening and closing balances of the Company's contract assets primarily results from the timing difference between the Company's performance and when the customer is billed.