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Revenue Recognition Revenue Recognition (Tables)
 6 Months Ended
Dec. 31, 2021
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 and six months ended December 31, 2021 and 2020. Other countries consist of Mexico, Australia, New Zealand, and Singapore.
Three Months Ended December 31,
20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
Geographic Areas:
United States$474,412 $282,355 $756,767 $417,456 $230,358 $647,814 
Canada66,263 — 66,263 57,809 — 57,809 
Other countries46,543 7,301 53,844 40,425 5,239 45,664 
Total$587,218 $289,656 $876,874 $515,690 $235,597 $751,287 
Six Months Ended December 31,
20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
Geographic Areas:
United States$953,576 $567,399 $1,520,975 $832,698 $459,173 $1,291,871 
Canada140,829 — 140,829 114,705 — 114,705 
Other countries93,684 13,067 106,751 81,571 10,947 92,518 
Total$1,188,089 $580,466 $1,768,555 $1,028,974 $470,120 $1,499,094 
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 and six months ended December 31, 2021 and 2020:
Three Months Ended December 31,
 20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
General Industry35.1 %40.9 %36.9 %35.8 %39.8 %37.1 %
Industrial Machinery10.5 %29.0 %16.6 %9.3 %26.3 %14.6 %
Metals11.1 %7.1 %9.8 %10.5 %6.6 %9.3 %
Food12.6 %2.2 %9.2 %14.1 %3.0 %10.6 %
Forest Products10.7 %2.1 %7.9 %10.8 %3.1 %8.4 %
Chem/Petrochem3.1 %13.8 %6.6 %3.3 %14.5 %6.8 %
Cement & Aggregate7.1 %0.9 %5.1 %7.6 %1.0 %5.5 %
Oil & Gas5.4 %1.2 %4.0 %3.7 %1.1 %2.9 %
Transportation4.4 %2.8 %3.9 %4.9 %4.6 %4.8 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Six Months Ended December 31,
 20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
General Industry34.8 %39.9 %36.6 %36.0 %39.6 %37.1 %
Industrial Machinery10.4 %29.0 %16.5 %9.3 %26.5 %14.7 %
Metals11.1 %7.2 %9.8 %10.3 %6.8 %9.2 %
Food12.6 %2.4 %9.2 %14.1 %3.0 %10.6 %
Forest Products10.5 %2.3 %7.8 %10.8 %3.0 %8.4 %
Chem/Petrochem3.3 %13.8 %6.7 %3.4 %13.9 %6.7 %
Cement & Aggregate7.8 %1.0 %5.6 %7.7 %1.1 %5.6 %
Oil & Gas5.3 %1.2 %3.9 %3.6 %1.1 %2.9 %
Transportation4.2 %3.2 %3.9 %4.8 %5.0 %4.8 %
Total100.0 %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 and six months ended December 31, 2021 and 2020:
Three Months Ended December 31,
 20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
Power Transmission36.6 %10.4 %27.9 %37.3 %8.0 %28.1 %
Fluid Power13.0 %37.4 %21.1 %13.3 %37.1 %20.8 %
General Maintenance; Hose Products & Other21.5 %19.9 %21.0 %20.5 %15.4 %18.9 %
Bearings, Linear & Seals28.9 %0.5 %19.5 %28.9 %0.5 %20.0 %
Specialty Flow Control— %31.8 %10.5 %— %39.0 %12.2 %
Total100 %100 %100 %100 %100 %100 %
Six Months Ended December 31,
 20212020
Service Center Based DistributionFluid Power & Flow ControlTotalService Center Based DistributionFluid Power & Flow ControlTotal
Power Transmission37.1 %10.2 %28.3 %37.5 %7.8 %28.2 %
Fluid Power12.9 %37.5 %21.0 %13.2 %38.1 %21.0 %
General Maintenance; Hose Products & Other21.1 %19.4 %20.5 %20.4 %14.7 %18.6 %
Bearings, Linear & Seals28.9 %0.5 %19.6 %28.9 %0.4 %20.0 %
Specialty Flow Control— %32.4 %10.6 %— %39.0 %12.2 %
Total100 %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:
December 31, 2021June 30, 2021$ Change% Change
Contract assets$15,837 $15,178 $659 4.3 %
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.