Segment Information (Tables)

12 Months Ended

Jun. 30, 2024

Segment Financial Information


	Service Center Based Distribution		Engineered Solutions		Total
Year Ended June 30, 2024
Net sales	$	3,056,555	$	1,422,851	$	4,479,406
Operating income for reportable segments	400,182		206,844		607,026
Assets used in the business	1,865,269		1,086,641		2,951,910
Depreciation and amortization of property	17,700		5,731		23,431
Capital expenditures	18,040		6,824		24,864
Year Ended June 30, 2023
Net sales	$	2,966,842	$	1,445,952	$	4,412,794
Operating income for reportable segments	373,439		203,404		576,843
Assets used in the business	1,736,393		1,006,939		2,743,332
Depreciation and amortization of property	17,932		4,334		22,266
Capital expenditures	15,390		11,086		26,476
Year Ended June 30, 2022
Net sales	$	2,565,604	$	1,245,072	$	3,810,676
Operating income for reportable segments	301,881		156,644		458,525
Assets used in the business	1,455,293		997,295		2,452,588
Depreciation and amortization of property	17,509		4,167		21,676
Capital expenditures	14,486		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,	2024		2023		2022
Operating income for reportable segments	$	607,026	$	576,843	$	458,525
Adjustments for:
Intangible amortization — Service Center Based Distribution	3,188		2,857		3,435
Intangible amortization — Engineered Solutions	25,735		27,948		28,444


Corporate and other expense, net	82,280		72,887		68,788
Total operating income	495,823		473,151		357,858
Interest expense, net	2,831		21,639		26,263
Other (income) expense, net	(5,138)		1,701		1,805
Income before income taxes	$	498,130	$	449,811	$	329,790