Revenue Recognition Revenue Recognition (Tables)

3 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue from External Customers by Geographic Areas [Table Text Block]

The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three months ended September 30, 2024 and 2023. Other countries consist of Mexico, Australia, New Zealand, Singapore, and Costa Rica.

	Three Months Ended September 30,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
Geographic Areas:
United States	$	625,682	$	331,551	$	957,233	$	617,262	$	342,096	$	959,358
Canada	71,476		—		71,476		75,300		—		75,300
Other countries	52,581		17,654		70,235		53,971		6,559		60,530
Total	$	749,739	$	349,205	$	1,098,944	$	746,533	$	348,655	$	1,095,188

Disaggregation of Revenue [Table Text Block]

The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three months ended September 30, 2024 and 2023 (data excludes recent acquisitions):

	Three Months Ended September 30,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
General Industry	35.2	%	39.0	%	36.4	%	34.7	%	37.4	%	35.5	%
Industrial Machinery	8.1	%	22.6	%	12.5	%	8.9	%	25.2	%	14.1	%
Food	15.3	%	3.1	%	11.5	%	13.7	%	3.0	%	10.3	%
Metals	11.2	%	8.2	%	10.3	%	10.7	%	8.1	%	9.9	%
Forest Products	11.8	%	3.2	%	9.2	%	12.5	%	3.8	%	9.7	%
Chem/Petrochem	2.9	%	16.2	%	6.9	%	2.7	%	16.1	%	7.0	%
Cement & Aggregate	7.3	%	1.3	%	5.5	%	7.1	%	1.2	%	5.2	%
Transportation	3.8	%	4.7	%	4.1	%	3.7	%	3.6	%	3.7	%
Oil & Gas	4.4	%	1.7	%	3.6	%	6.0	%	1.6	%	4.6	%
Total	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

The following tables present the Company’s percentage of revenue by reportable segment and product line for the three months ended September 30, 2024 and 2023 (data excludes recent acquisitions):

	Three Months Ended September 30,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
Power Transmission	37.9	%	11.0	%	29.7	%	37.6	%	10.1	%	28.9	%
General MRO & Other	22.2	%	18.1	%	20.8	%	21.3	%	16.3	%	19.8	%
Fluid Power	13.9	%	33.8	%	20.0	%	14.1	%	38.7	%	21.9	%
Bearings, Linear & Seals	26.0	%	0.5	%	18.2	%	27.0	%	0.5	%	18.5	%
Specialty Flow Control	—	%	36.6	%	11.3	%	—	%	34.4	%	10.9	%
Total	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

Contract with Customer, Asset and Liability [Table Text Block]

Contract Assets

The Company’s contract assets consist of unbilled amounts resulting from contracts for which revenue is recognized over time using the cost-to-cost method, and for which revenue recognized exceeds the amount billed to the customer.

Activity related to contract assets, which are included in other current assets on the condensed consolidated balance sheet, is as follows:

	September 30, 2024		June 30, 2024		$ Change		% Change
Contract assets	$	12,543	$	12,648	$	(105)	(0.8)	%

The difference between the opening and closing balances of the Company's contract assets primarily results from the timing difference between the Company's performance and when the customer is billed.