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Goodwill and Intangibles
 3 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] GOODWILL AND INTANGIBLES
The changes in the carrying amount of goodwill for both the Service Center Based Distribution segment and the Engineered Solutions segment for the fiscal year ended June 30, 2024 and the three month period ended September 30, 2024 are as follows:
Service Center Based DistributionEngineered SolutionsTotal
Balance at June 30, 2023$211,231 $367,187 $578,418 
Goodwill acquired during the year9,712 32,634 42,346 
Other, primarily currency translation(1,369)— (1,369)
Balance at June 30, 2024219,574 399,821 619,395 
Goodwill acquired during the period2,827 2,066 4,893 
Other, primarily currency translation(71)— (71)
Balance at September 30, 2024$222,330 $401,887 $624,217 
The Company has eight (8) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2024. Based on the assessment performed, the Company concluded that the fair value of all of the reporting units exceeded their carrying amount as of January 1, 2024, therefore no impairment exists.
At September 30, 2024 and June 30, 2024, accumulated goodwill impairment losses totaled $64,794 related to the Service Center Based Distribution segment and $167,605 related to the Engineered Solutions segment.
The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
September 30, 2024AmountAccumulated
Amortization		Net Book
Value
Finite-Lived Identifiable Intangibles:
Customer relationships$397,076 $211,513 $185,563 
Trade names88,836 36,399 52,437 
Other6,582 1,838 4,744 
Total Identifiable Intangibles$492,494 $249,750 $242,744 

June 30, 2024AmountAccumulated
Amortization		Net Book
Value
Finite-Lived Identifiable Intangibles:
Customer relationships$394,114 $205,422 $188,692 
Trade names88,848 34,891 53,957 
Other4,946 1,725 3,221 
Total Identifiable Intangibles$487,908 $242,038 $245,870 
Finite-lived identifiable intangible assets are written off when they become fully amortized.
During the three month period ended September 30, 2024, the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:
Acquisition Cost AllocationWeighted-Average life
Customer relationships$2,738 20.0
Other1,725 15.0
Total Identifiable Intangibles$4,463 18.1
Identifiable intangible assets with finite lives are reviewed for impairment when changes in conditions indicate carrying value may not be recoverable.
Estimated future amortization expense by fiscal year (based on the Company’s identifiable intangible assets as of September 30, 2024) for the next five years is as follows: $22,000 for the remainder of 2025, $27,700 for 2026, $25,600 for 2027, $23,800 for 2028, $22,100 for 2029 and $20,700 for 2030.