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Segment Information
 12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company's reportable segments are: Service Center Based Distribution and Engineered Solutions. These reportable segments contain the Company's various operating segments which have been aggregated based upon similar economic and operating characteristics. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. The Engineered Solutions segment includes our operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services. This segment also includes our operations that focus on advanced automation solutions including machine vision, robotics, motion control, and smart technologies.
The accounting policies of the Company’s reportable segments are generally the same as those described in Note 1. Intercompany sales, primarily from the Engineered Solutions segment to the Service Center Based Distribution segment of $52,574, $48,450, and $37,163, in 2024, 2023, and 2022, respectively, have been eliminated in the following table.
Segment Financial Information
Service Center
Based Distribution		Engineered SolutionsTotal
Year Ended June 30, 2024
Net sales$3,056,555 $1,422,851 $4,479,406 
Operating income for reportable segments400,182 206,844 607,026 
Assets used in the business1,865,269 1,086,641 2,951,910 
Depreciation and amortization of property17,700 5,731 23,431 
Capital expenditures18,040 6,824 24,864 
Year Ended June 30, 2023
Net sales$2,966,842 $1,445,952 $4,412,794 
Operating income for reportable segments373,439 203,404 576,843 
Assets used in the business1,736,393 1,006,939 2,743,332 
Depreciation and amortization of property17,932 4,334 22,266 
Capital expenditures15,390 11,086 26,476 
Year Ended June 30, 2022
Net sales$2,565,604 $1,245,072 $3,810,676 
Operating income for reportable segments301,881 156,644 458,525 
Assets used in the business1,455,293 997,295 2,452,588 
Depreciation and amortization of property17,509 4,167 21,676 
Capital expenditures14,486 3,638 18,124 
A reconciliation of operating income for reportable segments to the consolidated income before income taxes
is as follows:
Year Ended June 30,202420232022
Operating income for reportable segments$607,026 $576,843 $458,525 
Adjustments for:
Intangible amortization — Service Center Based Distribution3,188 2,857 3,435 
Intangible amortization — Engineered Solutions25,735 27,948 28,444 
Corporate and other expense, net82,280 72,887 68,788 
Total operating income495,823 473,151 357,858 
Interest expense, net2,831 21,639 26,263 
Other (income) expense, net(5,138)1,701 1,805 
Income before income taxes$498,130 $449,811 $329,790 
Fluctuations in corporate and other expense, net, are due to changes in corporate expenses, as well as in the amounts and levels of certain expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support, and other items.
Geographic Information
Long-lived assets are based on physical locations and are composed of the net book value of property and right of use assets. Information by geographic area is as follows:
June 30,20242023
Long-Lived Assets:
United States$209,987 $176,025 
Canada26,436 29,817 
Other Countries15,393 9,876 
Total$251,816 $215,718