Segment Information (Tables)

9 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Engineered Solutions		Total
March 31, 2024
Net sales	$	789,356	$	357,034	$	1,146,390
Operating income for reportable segments	100,470		49,511		149,981
Depreciation and amortization of property	4,431		1,371		5,802
Capital expenditures	4,230		3,261		7,491
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

Nine Months Ended	Service Center Based Distribution		Engineered Solutions		Total
March 31, 2024
Net sales	$	2,265,162	$	1,053,569	$	3,318,731
Operating income for reportable segments	288,791		150,273		439,064
Assets used in business	1,832,897		1,022,046		2,854,943
Depreciation and amortization of property	13,222		4,345		17,567
Capital expenditures	12,264		5,090		17,354
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

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,
	2024		2023		2024		2023
Operating income for reportable segments	$	149,981	$	155,000	$	439,064	$	427,453
Adjustment for:
Intangible amortization—Service Center Based Distribution	816		707		2,415		2,195
Intangible amortization—Engineered Solutions	6,135		6,963		19,186		20,994
Corporate and other expense, net	21,824		20,419		60,983		57,928
Total operating income	121,206		126,911		356,480		346,336
Interest expense, net	265		4,773		3,502		17,438
Other (income) expense, net	(1,724)		(142)		(4,217)		1,624
Income before income taxes	$	122,665	$	122,280	$	357,195	$	327,274