Segment Information (Tables)

3 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Engineered Solutions		Total
September 30, 2023
Net sales	$	746,533	$	348,655	$	1,095,188
Operating income for reportable segments	96,881		49,595		146,476
Assets used in business	1,749,309		1,001,202		2,750,511
Depreciation and amortization of property	4,436		1,281		5,717
Capital expenditures	3,634		706		4,340
September 30, 2022
Net sales	$	717,988	$	344,417	$	1,062,405
Operating income for reportable segments	88,809		45,534		134,343
Assets used in business	1,460,896		1,013,278		2,474,174
Depreciation and amortization of property	4,449		1,032		5,481
Capital expenditures	3,565		1,989		5,554

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
	September 30,
	2023		2022
Operating income for reportable segments	$	146,476	$	134,343
Adjustment for:
Intangible amortization—Service Center Based Distribution	677		758
Intangible amortization—Engineered Solutions	6,716		6,947
Corporate and other expense, net	18,403		20,106
Total operating income	120,680		106,532
Interest expense, net	1,320		6,480
Other expense, net	431		1,008
Income before income taxes	$	118,929	$	99,044