Segment Information (Tables)

12 Months Ended

Jun. 30, 2023

Segment Financial Information


	Service Center Based Distribution		Engineered Solutions		Total
Year Ended June 30, 2023
Net sales	$	2,966,842	$	1,445,952	$	4,412,794
Operating income for reportable segments	373,439		203,404		576,843
Assets used in the business	1,736,393		1,006,939		2,743,332
Depreciation and amortization of property	17,932		4,334		22,266
Capital expenditures	15,390		11,086		26,476
Year Ended June 30, 2022
Net sales	$	2,565,604	$	1,245,072	$	3,810,676
Operating income for reportable segments	301,881		156,644		458,525
Assets used in the business	1,455,293		997,295		2,452,588
Depreciation and amortization of property	17,509		4,167		21,676
Capital expenditures	14,486		3,638		18,124
Year Ended June 30, 2021
Net sales	$	2,199,533	$	1,036,386	$	3,235,919
Operating income for reportable segments	225,206		121,782		346,988
Assets used in the business	1,332,720		939,087		2,271,807
Depreciation and amortization of property	17,155		3,625		20,780
Capital expenditures	13,735		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,	2023		2022		2021
Operating income for reportable segments	$	576,843	$	458,525	$	346,988
Adjustments for:
Intangible amortization — Service Center Based Distribution	2,857		3,435		5,426
Intangible amortization — Engineered Solutions	27,948		28,444		28,938
Impairment — Service Center Based Distribution	—		—		49,528

Corporate and other expense, net	72,887		68,788		57,642
Total operating income	473,151		357,858		205,454
Interest expense, net	21,639		26,263		30,592
Other expense (income), net	1,701		1,805		(2,200)
Income before income taxes	$	449,811	$	329,790	$	177,062