Segment Information (Tables)

6 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment financial information

Three Months Ended	Service Center Based Distribution		Engineered Solutions		Total
December 31, 2024
Net sales	$	723,827	$	349,174	$	1,073,001
Operating income for reportable segments	92,785		55,533		148,318
Depreciation and amortization of property	4,383		1,543		5,926
Capital expenditures	4,644		553		5,197
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

Six Months Ended	Service Center Based Distribution		Engineered Solutions		Total
December 31, 2024
Net sales	$	1,473,566	$	698,379	$	2,171,945
Operating income for reportable segments	187,412		103,678		291,090
Assets used in business	1,588,471		1,456,170		3,044,641
Depreciation and amortization of property	8,802		3,048		11,850
Capital expenditures	9,079		1,667		10,746
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

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,
	2024		2023		2024		2023
Operating income for reportable segments	$	148,318	$	142,607	$	291,090	$	289,083
Adjustment for:
Intangible amortization—Service Center Based Distribution	812		922		1,614		1,599
Intangible amortization—Engineered Solutions	6,755		6,335		13,553		13,051
Corporate and other expense, net	19,881		20,756		41,881		39,159
Total operating income	120,870		114,594		234,042		235,274
Interest (income) expense, net	(936)		1,917		(1,563)		3,237
Other income, net	(755)		(2,924)		(3,036)		(2,493)
Income before income taxes	$	122,561	$	115,601	$	238,641	$	234,530