Segment Information (Tables)

9 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Engineered Solutions		Total
March 31, 2023
Net sales	$	761,599	$	370,436	$	1,132,035
Operating income for reportable segments	103,083		51,917		155,000
Depreciation and amortization of property	4,486		1,079		5,565
Capital expenditures	3,413		4,579		7,992
March 31, 2022
Net sales	$	658,998	$	321,664	$	980,662
Operating income for reportable segments	81,640		40,586		122,226
Depreciation and amortization of property	4,362		990		5,352
Capital expenditures	3,435		729		4,164

Nine Months Ended	Service Center Based Distribution		Engineered Solutions		Total
March 31, 2023
Net sales	$	2,184,979	$	1,069,741	$	3,254,720
Operating income for reportable segments	278,376		149,077		427,453
Assets used in business	1,537,793		1,070,845		2,608,638
Depreciation and amortization of property	13,409		3,189		16,598
Capital expenditures	11,729		9,080		20,809
March 31, 2022
Net sales	$	1,847,087	$	902,130	$	2,749,217
Operating income for reportable segments	213,743		111,817		325,560
Assets used in business	1,401,236		982,335		2,383,571
Depreciation and amortization of property	13,112		3,103		16,215
Capital expenditures	9,571		2,103		11,674

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				Nine Months Ended
	March 31,				March 31,
	2023		2022		2023		2022
Operating income for reportable segments	$	155,000	$	122,226	$	427,453	$	325,560
Adjustment for:
Intangible amortization—Service Center Based Distribution	707		848		2,195		2,621
Intangible amortization—Engineered Solutions	6,963		7,043		20,994		21,475
Corporate and other expense, net	20,419		18,492		57,928		52,830
Total operating income	126,911		95,843		346,336		248,634
Interest expense, net	4,773		5,852		17,438		20,249
Other (income) expense, net	(142)		469		1,624		(712)
Income before income taxes	$	122,280	$	89,522	$	327,274	$	229,097