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Segment Information
 12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATIONThe Company's reportable segments are: Service Center Based Distribution and Engineered Solutions (formerly known as Fluid Power & Flow Control). The Company changed the reportable segment name to Engineered Solutions in the first quarter of fiscal 2023. There was no change in the composition of either reportable segment. 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 Engineered Solutions 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 Engineered Solutions segment to the Service Center Based Distribution segment of $48,450, $37,163, and $31,615, in 2023, 2022, and 2021, respectively, have been eliminated in the following table.
Segment Financial Information
Service Center
Based Distribution		Engineered SolutionsTotal
Year Ended June 30, 2023
Net sales$2,966,842 $1,445,952 $4,412,794 
Operating income for reportable segments373,439 203,404 576,843 
Assets used in the business1,736,393 1,006,939 2,743,332 
Depreciation and amortization of property17,932 4,334 22,266 
Capital expenditures15,390 11,086 26,476 
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 
A reconciliation of operating income for reportable segments to the consolidated income before income taxes
is as follows:
Year Ended June 30,202320222021
Operating income for reportable segments$576,843 $458,525 $346,988 
Adjustments for:
Intangible amortization — Service Center Based Distribution2,857 3,435 5,426 
Intangible amortization — Engineered Solutions27,948 28,444 28,938 
Impairment — Service Center Based Distribution— — 49,528 
Corporate and other expense, net72,887 68,788 57,642 
Total operating income473,151 357,858 205,454 
Interest expense, net21,639 26,263 30,592 
Other expense (income), net1,701 1,805 (2,200)
Income before income taxes$449,811 $329,790 $177,062 
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 30,202320222021
Long-Lived Assets:
United States$176,025 $178,522 $173,335 
Canada29,817 31,728 21,458 
Other Countries9,876 9,698 7,907 
Total$215,718 $219,948 $202,700