Segment Information (Tables)

6 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Engineered Solutions		Total
December 31, 2023
Net sales	$	729,273	$	347,880	$	1,077,153
Operating income for reportable segments	91,440		51,167		142,607
Depreciation and amortization of property	4,355		1,693		6,048
Capital expenditures	4,400		1,123		5,523
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

Six Months Ended	Service Center Based Distribution		Engineered Solutions		Total
December 31, 2023
Net sales	$	1,475,806	$	696,535	$	2,172,341
Operating income for reportable segments	188,321		100,762		289,083
Assets used in business	1,759,794		1,022,971		2,782,765
Depreciation and amortization of property	8,791		2,974		11,765
Capital expenditures	8,034		1,829		9,863
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

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,
	2023		2022		2023		2022
Operating income for reportable segments	$	142,607	$	138,110	$	289,083	$	272,453
Adjustment for:
Intangible amortization—Service Center Based Distribution	922		730		1,599		1,488
Intangible amortization—Engineered Solutions	6,335		7,084		13,051		14,031
Corporate and other expense, net	20,756		17,403		39,159		37,509
Total operating income	114,594		112,893		235,274		219,425
Interest expense, net	1,917		6,185		3,237		12,665
Other (income) expense, net	(2,924)		758		(2,493)		1,766
Income before income taxes	$	115,601	$	105,950	$	234,530	$	204,994