Revenue Recognition Revenue Recognition (Tables)

6 Months Ended

Dec. 31, 2018

Disaggregation of Revenue [Line Items]

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

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

	December 31, 2018		July 1, 2018		$ Change			% Change
Contract assets	$	9,324	$	13,823	$	(4,499	)	(32.5	)%

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The following tables summarize the impacts of ASC 606 on the Company's condensed consolidated financial statements:

	For the three months ended December 31, 2018
	As Reported		Adjustments		Balances without adoption of ASC 606
Net sales	$	840,038	$	1,005	$	841,043
Cost of sales	597,178		699		597,877
Gross profit	242,860		306		243,166
Selling, distribution and administrative expense, including depreciation	181,895		55		181,950
Operating income	60,965		251		61,216
Interest expense, net	9,578		—		9,578
Other expense, net	946		—		946
Income before income taxes	50,441		251		50,692
Income tax expense	11,724		64		11,788
Net income	$	38,717	$	187	$	38,904

	For the six months ended December 31, 2018
	As Reported		Adjustments		Balances without adoption of ASC 606
Net sales	$	1,704,553	$	4,317	$	1,708,870
Cost of sales	1,209,840		3,103		1,212,943
Gross profit	494,713		1,214		495,927
Selling, distribution and administrative expense, including depreciation	367,409		274		367,683
Operating income	127,304		940		128,244
Interest expense, net	20,054		—		20,054
Other expense, net	707		—		707
Income before income taxes	106,543		940		107,483
Income tax expense	18,888		236		19,124
Net income	$	87,655	$	704	$	88,359

	As of December 31, 2018
	As Reported		Adjustments			Balances without adoption of ASC 606
Assets
Other current assets	$	44,041	$	(9,324	)	$	34,717
Inventories	445,881		11,830			457,711
Other assets	21,901		192			22,093
Liabilities
Other current liabilities	60,164		6,626			66,790
Compensation and related benefits	56,882		(456		)	56,426
Other liabilities	73,675		(747		)	72,928
Equity
Retained Earnings	$	889,915	$	(2,725	)	$	887,190

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, 2018. Other countries consist of Mexico, Australia, New Zealand, and Singapore.

	Three Months Ended December 31,
	2018						2017
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
Geographic Areas:
United States	$	479,335	$	247,862	727,197		$	448,819	$	108,212	$	557,031
Canada	68,569		—		68,569		67,479		—		$	67,479
Other countries	41,394		2,878		44,272		39,309		3,368		$	42,677
Total	$	589,298	$	250,740	$	840,038	$	555,607	$	111,580	$	667,187

	Six Months Ended December 31,
	2018						2017
	Service Center Based Distribution		Fluid Power & Flow Control		Total		Service Center Based Distribution		Fluid Power & Flow Control		Total
Geographic Areas:
United States	$	970,109	$	504,511	1,474,620		$	907,815	$	216,761	$	1,124,576
Canada	137,676		—		137,676		134,296		—		$	134,296
Other countries	85,562		6,695		92,257		82,409		6,607		$	89,016
Total	$	1,193,347	$	511,206	$	1,704,553	$	1,124,520	$	223,368	$	1,347,888

Disaggregation of Revenue [Table Text Block]

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, 2018:

	For the three months ended December 31, 2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total
Power Transmission	34.3	%	1.3	%	24.4	%
Fluid Power	13.7	%	38.1	%	21.0	%
General Maintenance; Hose Products	25.4	%	5.8	%	19.6	%
Bearings, Linear & Seals	26.6	%	0.4	%	18.8	%
Specialty Flow Control	—	%	54.4	%	16.2	%
Total	100.0	%	100.0	%	100.0	%

	For the six months ended December 31, 2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total
Power Transmission	33.5	%	1.4	%	23.9	%
Fluid Power	13.8	%	37.9	%	21.0	%
General Maintenance; Hose Products	26.6	%	5.2	%	20.2	%
Bearings, Linear & Seals	26.1	%	0.2	%	18.3	%
Specialty Flow Control	—	%	55.3	%	16.6	%
Total	100.0	%	100.0	%	100.0	%

All Sectors [Domain]

Disaggregation of Revenue [Line Items]

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, 2018:

	For the three months ended December 31, 2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total
General Industry	35.9	%	46.1	%	38.9	%
Industrial Machinery	9.7	%	20.3	%	12.9	%
Metals	13.6	%	8.5	%	12.1	%
Food	10.1	%	2.7	%	7.8	%
Oil & Gas	10.2	%	2.1	%	7.8	%
Chem/Petrochem	2.9	%	14.0	%	6.2	%
Forest Products	7.1	%	2.9	%	5.9	%
Cement & Aggregate	6.0	%	0.9	%	4.5	%
Transportation	4.5	%	2.5	%	3.9	%
Total	100.0	%	100.0	%	100.0	%

	For the six months ended December 31, 2018
	Service Center Based Distribution		Fluid Power & Flow Control		Total
General Industry	35.8	%	44.9	%	38.4	%
Industrial Machinery	9.5	%	20.8	%	12.9	%
Metals	12.3	%	8.2	%	11.1	%
Food	10.4	%	2.6	%	8.1	%
Oil & Gas	9.9	%	2.1	%	7.6	%
Chem/Petrochem	3.2	%	14.8	%	6.7	%
Forest Products	8.0	%	2.8	%	6.4	%
Cement & Aggregate	6.4	%	1.0	%	4.8	%
Transportation	4.5	%	2.8	%	4.0	%
Total	100.0	%	100.0	%	100.0	%