Revenue Recognition Revenue Recognition (Tables)

6 Months Ended

Dec. 31, 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 and six months ended December 31, 2024 and 2023. Other countries consist of Mexico, Australia, New Zealand, Singapore, and Costa Rica.

	Three Months Ended December 31,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
Geographic Areas:
United States	$	599,801	$	329,748	$	929,549	$	602,483	$	342,169	$	944,652
Canada	77,777		—		77,777		77,170		—		77,170
Other countries	46,249		19,426		65,675		49,620		5,711		55,331
Total	$	723,827	$	349,174	$	1,073,001	$	729,273	$	347,880	$	1,077,153

	Six Months Ended December 31,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
Geographic Areas:
United States	$	1,225,483	$	661,299	$	1,886,782	$	1,219,745	$	684,265	$	1,904,010
Canada	149,253		—		149,253		152,470		—		152,470
Other countries	98,830		37,080		135,910		103,591		12,270		115,861
Total	$	1,473,566	$	698,379	$	2,171,945	$	1,475,806	$	696,535	$	2,172,341

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 and six months ended December 31, 2024 and 2023:

	Three Months Ended December 31,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
General Industry	34.6	%	36.6	%	35.4	%	34.5	%	39.6	%	36.0	%
Industrial Machinery	8.0	%	23.0	%	12.8	%	9.0	%	25.0	%	14.2	%
Food	15.2	%	3.9	%	11.5	%	13.7	%	2.5	%	10.1	%
Metals	10.9	%	8.3	%	10.0	%	10.9	%	7.6	%	9.9	%
Forest Products	12.0	%	3.5	%	9.2	%	12.0	%	2.7	%	9.0	%
Chem/Petrochem	2.9	%	17.0	%	7.5	%	2.7	%	15.7	%	6.9	%
Cement & Aggregate	7.9	%	1.6	%	5.9	%	8.2	%	1.4	%	6.0	%
Oil & Gas	5.0	%	2.0	%	4.0	%	5.4	%	1.7	%	4.2	%
Transportation	3.5	%	4.1	%	3.7	%	3.6	%	3.8	%	3.7	%
Total	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

	Six Months Ended December 31,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
General Industry	34.8	%	37.8	%	35.8	%	34.7	%	38.5	%	35.8	%
Industrial Machinery	8.0	%	22.8	%	12.7	%	8.9	%	25.1	%	14.1	%
Food	15.3	%	3.5	%	11.5	%	13.7	%	2.7	%	10.2	%
Metals	11.1	%	8.2	%	10.2	%	10.8	%	7.9	%	9.9	%
Forest Products	11.9	%	3.4	%	9.2	%	12.2	%	3.3	%	9.4	%
Chem/Petrochem	2.9	%	16.6	%	7.2	%	2.7	%	15.9	%	6.9	%
Cement & Aggregate	7.6	%	1.4	%	5.7	%	7.6	%	1.3	%	5.6	%
Oil & Gas	4.7	%	1.9	%	3.8	%	5.7	%	1.6	%	4.4	%
Transportation	3.7	%	4.4	%	3.9	%	3.7	%	3.7	%	3.7	%
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 and six months ended December 31, 2024 and 2023:

	Three Months Ended December 31,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
Power Transmission	38.0	%	10.6	%	29.2	%	38.4	%	12.4	%	30.0	%
General MRO & Other	22.6	%	21.5	%	22.1	%	22.7	%	17.9	%	21.1	%
Fluid Power	14.2	%	32.0	%	20.0	%	13.9	%	35.8	%	21.0	%
Bearings, Linear & Seals	25.2	%	0.4	%	17.2	%	25.0	%	0.4	%	17.1	%
Specialty Flow Control	—	%	35.5	%	11.5	%	—	%	33.5	%	10.8	%
Total	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

	Six Months Ended December 31,
	2024						2023
	Service Center Based Distribution		Engineered Solutions		Total		Service Center Based Distribution		Engineered Solutions		Total
Power Transmission	38.0	%	10.8	%	29.4	%	38.0	%	11.3	%	29.4	%
General MRO & Other	22.3	%	19.9	%	21.5	%	22.0	%	16.9	%	20.4	%
Fluid Power	14.1	%	32.9	%	20.0	%	14.0	%	37.3	%	21.5	%
Bearings, Linear & Seals	25.6	%	0.4	%	17.7	%	26.0	%	0.5	%	17.8	%
Specialty Flow Control	—	%	36.0	%	11.4	%	—	%	34.0	%	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.

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

	December 31, 2024		June 30, 2024		$ Change		% Change
Contract assets	$	12,336	$	12,648	$	(312)	(2.5)	%

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