Segment Information (Tables)

6 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Engineered Solutions		Total
December 31, 2022
Net sales	$	705,392	$	354,888	$	1,060,280
Operating income for reportable segments	86,484		51,626		138,110
Depreciation and amortization of property	4,474		1,078		5,552
Capital expenditures	4,751		2,512		7,263
December 31, 2021
Net sales	$	587,218	$	289,656	$	876,874
Operating income for reportable segments	67,450		36,426		103,876
Depreciation and amortization of property	4,371		1,065		5,436
Capital expenditures	3,039		850		3,889

Six Months Ended	Service Center Based Distribution		Engineered Solutions		Total
December 31, 2022
Net sales	$	1,423,380	$	699,305	$	2,122,685
Operating income for reportable segments	175,293		97,160		272,453
Assets used in business	1,454,040		1,068,864		2,522,904
Depreciation and amortization of property	8,923		2,110		11,033
Capital expenditures	8,316		4,501		12,817
December 31, 2021
Net sales	$	1,188,089	$	580,466	$	1,768,555
Operating income for reportable segments	132,103		71,231		203,334
Assets used in business	1,265,567		960,142		2,225,709
Depreciation and amortization of property	8,750		2,113		10,863
Capital expenditures	6,136		1,374		7,510

Reconciliation of operating income for reportable segments to the consolidated income before income taxes

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

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2022		2021		2022		2021
Operating income for reportable segments	$	138,110	$	103,876	$	272,453	$	203,334
Adjustment for:
Intangible amortization—Service Center Based Distribution	730		881		1,488		1,773
Intangible amortization—Engineered Solutions	7,084		7,203		14,031		14,432
Corporate and other expense, net	17,403		17,615		37,509		34,338
Total operating income	112,893		78,177		219,425		152,791
Interest expense, net	6,185		7,007		12,665		14,397
Other expense (income), net	758		(869)		1,766		(1,181)
Income before income taxes	$	105,950	$	72,039	$	204,994	$	139,575