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Segment Information
 12 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company's reportable segments are: Service Center Based Distribution and Fluid Power & Flow Control. These reportable segments contain the Company's various operating segments which have been aggregated based upon similar economic and operating characteristics. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. The Fluid Power & Flow Control segment includes our operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services. This segment also includes our operations that focus on advanced automation solutions including machine vision, robotics, motion control, and smart technologies.
The accounting policies of the Company’s reportable segments are generally the same as those described in note 1. Intercompany sales, primarily from the Fluid Power & Flow Control segment to the Service Center Based Distribution segment of $37,163, $31,615, and $29,582, in 2022, 2021, and 2020, respectively, have been eliminated in the following table.
Segment Financial Information
Service Center
Based Distribution		Fluid Power & Flow ControlTotal
Year Ended June 30, 2022
Net sales$2,565,604 $1,245,072 $3,810,676 
Operating income for reportable segments301,881 156,644 458,525 
Assets used in the business1,455,293 997,295 2,452,588 
Depreciation and amortization of property17,509 4,167 21,676 
Capital expenditures14,486 3,638 18,124 
Year Ended June 30, 2021
Net sales$2,199,533 $1,036,386 $3,235,919 
Operating income for reportable segments225,206 121,782 346,988 
Assets used in the business1,332,720 939,087 2,271,807 
Depreciation and amortization of property17,155 3,625 20,780 
Capital expenditures13,735 2,117 15,852 
Year Ended June 30, 2020
Net sales$2,241,949 $1,003,703 $3,245,652 
Operating income for reportable segments211,667 109,847 321,514 
Assets used in the business1,314,011 969,540 2,283,551 
Depreciation and amortization of property17,133 4,063 21,196 
Capital expenditures17,063 3,052 20,115 
A reconciliation of operating income for reportable segments to the consolidated income before income taxes
is as follows:
Year Ended June 30,202220212020
Operating income for reportable segments$458,525 $346,988 $321,514 
Adjustments for:
Intangible amortization — Service Center Based Distribution3,435 5,426 12,385 
Intangible amortization — Fluid Power & Flow Control28,444 28,938 29,168 
Impairment — Service Center Based Distribution— 49,528 — 
Impairment — Fluid Power & Flow Control— — 131,000 
Corporate and other expense, net68,788 57,642 59,972 
Total operating income357,858 205,454 88,989 
Interest expense, net26,263 30,592 36,535 
Other expense (income), net1,805 (2,200)(2,782)
Income before income taxes$329,790 $177,062 $55,236 
Fluctuations in corporate and other expense, net, are 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.
Geographic Information
Long-lived assets are based on physical locations and are comprised of the net book value of property and right of use assets. Information by geographic area is as follows:
June 30,202220212020
Long-Lived Assets:
United States$178,522 $173,335 $185,475 
Canada31,728 21,458 20,575 
Other Countries9,698 7,907 6,487 
Total$219,948 $202,700 $212,537