Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Dec. 31, 2024	Jan. 17, 2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	1-2299
Entity Registrant Name	APPLIED INDUSTRIAL TECHNOLOGIES, INC.
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0117420
Entity Address, Address Line One	One Applied Plaza
Entity Address, City or Town	Cleveland
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44115
City Area Code	216
Local Phone Number	426-4000
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	AIT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		38,377,254
Document and Entity Information [Abstract]
Entity Central Index Key	0000109563
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Statements of Consolidated Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Net sales	$ 1,073,001	$ 1,077,153	$ 2,171,945	$ 2,172,341
Cost of sales	744,951	760,063	1,518,813	1,530,169
Gross profit	328,050	317,090	653,132	642,172
Selling, distribution and administrative expense, including depreciation	207,180	202,496	419,090	406,898
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
Income tax expense	29,271	24,373	53,288	49,476
Net income	$ 93,290	$ 91,228	$ 185,353	$ 185,054
Net income per share - basic	$ 2.43	$ 2.35	$ 4.83	$ 4.78
Net income per share - diluted	$ 2.39	$ 2.32	$ 4.76	$ 4.71
Weighted average common shares outstanding for basic computation	38,427	38,744	38,413	38,722
Dilutive effect of potential common shares	536	558	543	585
Weighted average common shares outstanding for diluted computation	38,963	39,302	38,956	39,307

Condensed Statements of Consolidated Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net income per the condensed statements of consolidated income	$ 93,290	$ 91,228	$ 185,353	$ 185,054
Other comprehensive (loss) income, before tax:
Foreign currency translation adjustments	(18,594)	9,697	(20,860)	3,427
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs	(8)	(30)	(13)	(60)
Unrealized gain (loss) on cash flow hedge	3,188	(4,536)	(971)	(902)
Reclassification of interest from cash flow hedge into interest income, net	(4,091)	(4,715)	(8,782)	(9,353)
Total other comprehensive (loss) income, before tax	(19,505)	416	(30,626)	(6,888)
Income tax benefit related to items of other comprehensive income	(179)	(2,308)	(2,358)	(2,538)
Other comprehensive (loss) income, net of tax	(19,326)	2,724	(28,268)	(4,350)
Comprehensive income, net of tax	$ 73,964	$ 93,952	$ 157,085	$ 180,704

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Current assets
Cash and cash equivalents	$ 303,441	$ 460,617
Accounts receivable, net	696,239	724,878
Inventories	518,044	488,258
Other current assets	96,972	96,148
Total current assets	1,614,696	1,769,901
Property, less accumulated depreciation of $249,890 and $244,640	125,336	118,527
Operating lease assets, net	195,318	133,289
Identifiable intangibles, net	360,748	245,870
Goodwill	686,148	619,395
Other assets	62,395	64,928
TOTAL ASSETS	3,044,641	2,951,910
Current liabilities
Accounts payable	240,889	266,949
Current portion of long-term debt	0	25,055
Compensation and related benefits	75,240	93,204
Other current liabilities	113,311	115,892
Total current liabilities	429,440	501,100
Long-term debt	572,300	572,279
Other liabilities	249,389	189,750
TOTAL LIABILITIES	1,251,129	1,263,129
Shareholders’ equity
Preferred stock—no par value; 2,500 shares authorized; none issued or outstanding	$ 0	0
Preferred Stock, Shares Authorized	2,500
Common stock—no par value; 80,000 shares authorized; 54,213 shares issued	$ 10,000	10,000
Common Stock, Shares Authorized	80,000
Common Stock, Shares, Issued	54,213
Additional paid-in capital	$ 193,557	193,778
Retained earnings	2,292,902	2,121,838
Treasury shares—at cost (15,836 and 15,804 shares, respectively)	$ 597,113	$ 559,269
Treasury Stock, Common, Shares	15,836	15,804
Accumulated other comprehensive loss	$ (105,834)	$ (77,566)
TOTAL SHAREHOLDERS’ EQUITY	1,793,512	1,688,781
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 3,044,641	$ 2,951,910

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Noncurrent Assets:
Property, less accumulated depreciation	$ 249,890	$ 244,640
Shareholders’ equity
Preferred stock, shares authorized	2,500
Common stock, shares authorized	80,000
Common stock, shares issued	54,213
Treasury Stock, Common, Shares	15,836	15,804

Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Net income	$ 185,353	$ 185,054
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property	11,850	11,765
Amortization of intangibles	15,167	14,650
Provision for losses on accounts receivable	3,605	1,026
Amortization of stock appreciation rights	2,453	1,710
Other share-based compensation expense	3,101	4,237
Changes in operating assets and liabilities, net of acquisitions	1,451	(47,855)
Other, net	(96)	(2,620)
Net Cash provided by Operating Activities	222,884	167,967
Cash Flows from Investing Activities
Acquisition of businesses, net of cash acquired	(273,142)	(21,440)
Capital expenditures	(10,746)	(9,863)
Proceeds from property sales	922	471
Net Cash used in Investing Activities	(282,966)	(30,832)
Cash Flows from Financing Activities
Long-term debt repayments	25,106	25,125
Interest rate swap settlement receipts	(6,797)	(7,194)
Purchases of treasury shares	(30,084)	(10,677)
Dividends paid	(28,469)	(27,155)
Acquisition holdback payments	1,210	681
Exercise of stock appreciation rights and options	0	127
Taxes paid for shares withheld for equity awards	(13,037)	(12,914)
Net Cash used in Financing Activities	(91,109)	(69,231)
Effect of Exchange Rate Changes on Cash	(5,985)	915
(Decrease) Increase in Cash and Cash Equivalents	(157,176)	68,819
Cash and Cash Equivalents at Beginning of Period	460,617	344,036
Cash and Cash Equivalents at End of Period	$ 303,441	$ 412,855

Condensed Statements of Shareholder's Equity Condensed Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Common Stock [Member] Stock Options and Stock Appreciation Rights [ Member]	Common Stock [Member] Performance Shares [Member]	Common Stock [Member] Restricted Stock Units (RSUs) [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Stock Options and Stock Appreciation Rights [ Member]	Additional Paid-in Capital [Member] Performance Shares [Member]	Additional Paid-in Capital [Member] Restricted Stock Units (RSUs) [Member]	Retained Earnings [Member]	Treasury Shares- at Cost	Treasury Shares- at Cost Stock Options and Stock Appreciation Rights [ Member]	Treasury Shares- at Cost Performance Shares [Member]	Treasury Shares- at Cost Restricted Stock Units (RSUs) [Member]	Total Accumulated Other Comprehensive Income (Loss) [Member]	Parent [Member]	Parent [Member] Stock Options and Stock Appreciation Rights [ Member]	Parent [Member] Performance Shares [Member]	Parent [Member] Restricted Stock Units (RSUs) [Member]
Beginning balance, shares at Jun. 30, 2023		38,657
Beginning balance at Jun. 30, 2023		$ 10,000				$ 188,646				$ 1,792,632	$ (477,545)				$ (55,296)	$ 1,458,437
Net income	$ 93,826															93,826
Other comprehensive (loss) income															(7,074)	(7,074)
Cash Dividends per Common Share	$ 0.35
Cash dividends										(23)						(23)
Exercise of stock appreciation rights and options, shares			32
Performance share awards, shares				54
Restricted stock units, shares					13
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							$ (1,681)	$ (3,072)	$ (726)
Exercise of stock appreciation rights and options												$ (1,912)
Performance share awards													$ (3,487)
Restricted stock units														$ (910)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	$ (3,593)	$ (6,559)	$ (1,636)
Compensation expense						1,976	844									1,976	844
Stockholders' Equity, Other Shares		(1)
Other						(1)				(3)	(78)					(82)
Ending balance, shares at Sep. 30, 2023		38,755
Ending balance at Sep. 30, 2023		$ 10,000				185,986				1,886,432	(483,932)				(62,370)	1,536,116
Beginning balance, shares at Jun. 30, 2023		38,657
Beginning balance at Jun. 30, 2023		$ 10,000				188,646				1,792,632	(477,545)				(55,296)	1,458,437
Net income	$ 185,054
Other comprehensive (loss) income	(4,350)														(4,350)
Ending balance, shares at Dec. 31, 2023		38,705
Ending balance at Dec. 31, 2023		$ 10,000				188,636				1,964,090	(495,052)				(59,646)	1,608,028
Beginning balance, shares at Sep. 30, 2023		38,755
Beginning balance at Sep. 30, 2023		$ 10,000				185,986				1,886,432	(483,932)				(62,370)	1,536,116
Net income	91,228															91,228
Other comprehensive (loss) income	$ 2,724														2,724	2,724
Cash Dividends per Common Share	$ 0.35
Cash dividends										(13,607)						(13,607)
Treasury Stock, Shares, Acquired		(63)
Treasury Stock, Value, Acquired, Cost Method											(10,677)					(10,677)
Exercise of stock appreciation rights and options, shares			11
Restricted stock units, shares					1
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							(391)		(86)
Exercise of stock appreciation rights and options												(335)
Restricted stock units														(108)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	(726)		(194)
Compensation expense						2,261	866									2,261	866
Stockholders' Equity, Other Shares		1
Other										37						37
Ending balance, shares at Dec. 31, 2023		38,705
Ending balance at Dec. 31, 2023		$ 10,000				188,636				1,964,090	(495,052)				(59,646)	1,608,028
Beginning balance, shares at Jun. 30, 2024		38,409
Beginning balance at Jun. 30, 2024	$ 1,688,781	$ 10,000				193,778				2,121,838	(559,269)				(77,566)	1,688,781
Net income	$ 92,063															92,063
Other comprehensive (loss) income															(8,942)	(8,942)
Cash Dividends per Common Share	$ 0.37
Cash dividends										(9)						(9)
Treasury Stock, Shares, Acquired		(52)
Treasury Stock, Value, Acquired, Cost Method											(10,479)					(10,479)
Exercise of stock appreciation rights and options, shares			19
Performance share awards, shares				34
Restricted stock units, shares					37
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							(1,106)	$ (2,213)	$ (2,123)
Exercise of stock appreciation rights and options												(1,339)
Performance share awards													$ (3,294)
Restricted stock units														$ (2,136)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	(2,445)	$ (5,507)	$ (4,259)
Compensation expense						1,675	1,326									1,675	1,326
Stockholders' Equity, Other Shares		(1)
Other						(12)				(24)	(91)					(127)
Ending balance, shares at Sep. 30, 2024		38,446
Ending balance at Sep. 30, 2024		$ 10,000				191,325				2,213,868	(576,608)				(86,508)	1,752,077
Beginning balance, shares at Jun. 30, 2024		38,409
Beginning balance at Jun. 30, 2024	$ 1,688,781	$ 10,000				193,778				2,121,838	(559,269)				(77,566)	1,688,781
Net income	185,353
Other comprehensive (loss) income	(28,268)														(28,268)
Ending balance, shares at Dec. 31, 2024		38,377
Ending balance at Dec. 31, 2024	1,793,512	$ 10,000				193,557				2,292,902	(597,113)				(105,834)	1,793,512
Beginning balance, shares at Sep. 30, 2024		38,446
Beginning balance at Sep. 30, 2024		$ 10,000				191,325				2,213,868	(576,608)				(86,508)	1,752,077
Net income	93,290															93,290
Other comprehensive (loss) income	$ (19,326)														(19,326)	(19,326)
Cash Dividends per Common Share	$ 0.37
Cash dividends										(14,253)						(14,253)
Treasury Stock, Shares, Acquired		(75)
Treasury Stock, Value, Acquired, Cost Method											(20,103)					(20,103)
Exercise of stock appreciation rights and options, shares			6
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							(321)
Exercise of stock appreciation rights and options												$ (402)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	(723)
Compensation expense						1,426	$ 1,127									1,426	$ 1,127
Other										(3)						(3)
Ending balance, shares at Dec. 31, 2024		38,377
Ending balance at Dec. 31, 2024	$ 1,793,512	$ 10,000				$ 193,557				$ 2,292,902	$ (597,113)				$ (105,834)	$ 1,793,512

Condensed Statements of Shareholder's Equity Condensed Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Cash Dividends per Common Share	$ 0.37	$ 0.37	$ 0.35	$ 0.35

Basis of Presentation	6 Months Ended
Basis of Presentation	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the financial position of Applied Industrial Technologies, Inc. (the “Company”, or “Applied”) as of December 31, 2024, and the results of its operations and its cash flows for the six month periods ended December 31, 2024 and 2023, are included. The condensed consolidated balance sheet as of June 30, 2024 is derived from the audited consolidated financial statements at that date. This Quarterly Report on Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2024. Operating results for the six month period ended December 31, 2024 are not necessarily indicative of the results that may be expected for the remainder of the fiscal year ending June 30, 2025. Inventory The Company uses the LIFO method of valuing U.S. inventories. An actual valuation of inventory under the LIFO method can be made only at the end of each fiscal year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs and are subject to the final year-end LIFO inventory determination. LIFO expense of $667 and $3,377 in the three months ended December 31, 2024 and 2023, respectively, and $2,643 and $7,968 in the six months ended December 31, 2024 and 2023, respectively, is recorded in cost of sales in the condensed statements of consolidated income. Recently Issued Accounting Guidance In November 2024, the Financial Accounting Standards Board (FASB) issued its final standard on the Disaggregation of Income Statement Expenses (DISE). This standard, issued as ASU 2024-03, requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. This update is effective for annual periods beginning after December 15, 2026, and interim periods within annual periods beginning after December 15, 2027. The requirements can be applied prospectively with the option for retrospective application. The Company is currently evaluating the impacts of this guidance on its financial statements and related disclosures. In December 2023, the FASB issued its final standard to improve income tax disclosures. This standard, issued as ASU 2023-09, requires public business entities to annually disclose specific categories in the income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This update is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impacts of this guidance on its financial statements and related disclosures, and expects the standard will only impact its income taxes disclosures with no material impact to the consolidated financial statements. In November 2023, the FASB issued its final standard to improve reportable segment disclosures. This standard, issued as ASU 2023-07, requires enhanced disclosures about significant segment expenses, enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. This update is effective for all public business entities for fiscal years beginning after December 15, 2023 for annual disclosure requirements, with the interim disclosure requirements being effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impacts of this guidance on its financial statements and related disclosures, and expects the standard will only impact its segment disclosures with no material impact to the consolidated financial statements.

Revenue Recognition Revenue Recognition

6 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE RECOGNITION

Disaggregation of Revenues

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

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 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.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Business Combinations

6 Months Ended

Dec. 31, 2024

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

BUSINESS COMBINATIONS

The operating results of all acquired entities are included within the consolidated operating results of the Company from the date of each respective acquisition.

Hydradyne Acquisition

On December 31, 2024, the Company acquired all of the membership interests of Hydradyne, LLC (Hydradyne), a Dallas, Texas based provider of fluid power solutions and value-added services including product offerings in hydraulics, pneumatics, electromechanical, instrumentation, filtration and fluid conveyance. The purchase price of $276,091 was funded using available cash. Hydradyne is included in the Engineered Solutions segment.

The following table summarizes the assets acquired and liabilities assumed in connection with this acquisition based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase accounting will be finalized within one year from the acquisition date.


	Hydradyne Acquisition
Cash and cash equivalents	$	13,373
Accounts receivable	42,852
Inventories	40,672
Other current assets	915
Property, net	7,311
Operating lease assets	49,949
Identifiable intangible assets	125,640
Goodwill	63,861
Other assets	111
Total assets acquired	$	344,684
Accounts payable and accrued liabilities	15,612
Other current liabilities	4,452
Other liabilities	48,529
Net assets acquired	$	276,091

The acquired goodwill is expected to be deductible for income tax purposes. The Company incurred $1,473 in third-party costs pertaining to the acquisition of Hydradyne, which are included in selling, distribution, and administration expense in the condensed statements of consolidated income during the six months ended December 31, 2024.

The following unaudited pro forma consolidated results of operations are prepared as if the Hydradyne acquisition (including the related acquisition costs) occurred at the beginning of fiscal 2025:


	Three Months Ended				Six Months Ended
	December 31,				December 31,
Pro forma	2024		2023		2024		2023
Sales	$	1,133,758	$	1,146,325	$	2,301,263	$	2,309,715
Net income	95,520		92,944		189,609		186,067
Diluted net income per share	$	2.45	$	2.36	$	4.87	$	4.73

These pro forma amounts are calculated after applying the Company's accounting policies and adjusting the results to reflect additional amortization that would have been recorded assuming the fair value adjustments to identified intangible assets were applied as of July 1, 2023. Additional amortization of $2,736 and $2,863 is included in the pro forma results for the three months ended December 31, 2024 and 2023, respectively, and additional amortization of $5,473 and $5,727 is included in the pro forma results for the six months December 31, 2024 and 2023, respectively. In addition, pro forma adjustments of $2,761 for the three months ended December 31, 2024 and 2023 and of $5,522 for the six months December 31, 2024 and 2023 were made for interest income that would not have been earned as a result of the cash used for the acquisition. The pro forma net income amounts also incorporate an adjustment to the recorded income tax expense for the income tax effect of the pro forma adjustments described above. These pro forma results of operations do not include any anticipated synergies or other effects of the planned integration of Hydradyne; accordingly, such pro forma adjustments do not purport to be indicative of the results of operations that actually would have resulted had the acquisition occurred as of the date indicated or that may result in the future.

Other Fiscal 2025 Acquisitions

On August 1, 2024, the Company acquired substantially all of the net assets of Total Machine Solutions (TMS), a Fairfield, New Jersey based provider of electrical and mechanical power transmission products and solutions including bearings, drives, motors, conveyor components, and related repair services. TMS is included in the Service Center Based Distribution segment. The purchase price for TMS was $6,500, net tangible assets acquired were $1,024, identifiable intangible assets were $2,738, and goodwill was $2,738; the values are based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment. The Company funded this acquisition using available cash. The acquisition price and the results of operations for the acquired entity are not material in relation to the Company's consolidated financial statements.

On August 1, 2024, the Company acquired 100% of the outstanding shares of Stanley Proctor, a Twinsburg, Ohio based provider of hydraulic, pneumatic, measurement, control, and instrumentation components, as well as fluid power engineered systems. Stanley Proctor is included in the Engineered Solutions segment. The purchase price for Stanley Proctor was $3,924, net tangible assets acquired were $498, identifiable intangible assets were $1,725, and goodwill was $1,701; the values are based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment. The Company funded this acquisition using available cash. The acquisition price and the results of operations for the acquired entity are not material in relation to the Company's consolidated financial statements.

Fiscal 2024 Acquisitions

On May 1, 2024, the Company acquired 100% of the outstanding shares of Grupo Kopar (Kopar), a Monterrey, Mexico based provider of emerging automation technologies and engineered solutions. Kopar is included in the Engineered Solutions segment. The purchase price for the acquisition was $61,225, net liabilities assumed were $2,870, and intangible assets including goodwill were $64,095 based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment. The Company funded this acquisition using available cash. The acquisition price and the results of operations for the acquired entity are not material in relation to the Company's consolidated financial statements.

On September 1, 2023, the Company acquired substantially all of the net assets of Bearing Distributors, Inc. (BDI), a Columbia, South Carolina based provider of bearings, power transmission, industrial motion, and related service and repair capabilities. BDI is included in the Service Center Based Distribution segment. The purchase price for the acquisition was $17,926, net tangible assets acquired were $4,102, and intangible assets including goodwill were $13,824 based upon estimated fair values at the acquisition date. The purchase price includes $1,800 of acquisition holdback payments, of which $900 was paid in the six months ended December 31, 2024. The remaining balance is included in other current liabilities on the condensed consolidated balance sheet as of December 31, 2024, and will be paid on the second anniversary of the acquisition date with interest at a fixed rate of 3.0% per annum. The Company

funded this acquisition using available cash. The acquisition price and the results of operations for the acquired entity are not material in relation to the Company's consolidated financial statements.

On August 1, 2023, the Company acquired substantially all of the net assets of Cangro Industries, Inc. (Cangro), a Farmingdale, New York based provider of bearings, power transmission, industrial motion, and related service and repair capabilities. Cangro is included in the Service Center Based Distribution segment. The purchase price for the acquisition was $6,219, net tangible assets acquired were $2,070, and intangible assets including goodwill were $4,149 based upon estimated fair values at the acquisition date. The purchase price includes $930 of acquisition holdback payments, of which $310 was paid in the six months ended December 31, 2024. The remaining balance is included in other current liabilities and other liabilities on the condensed consolidated balance sheet as of December 31, 2024, and will be paid on the second and third anniversaries of the acquisition date with interest at a fixed rate of 1.0% per annum. The Company funded this acquisition using available cash. The acquisition price and the results of operations for the acquired entity are not material in relation to the Company's consolidated financial statements.

Goodwill and Intangibles

6 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

The changes in the carrying amount of goodwill for both the Service Center Based Distribution segment and the Engineered Solutions segment for the fiscal year ended June 30, 2024 and the six month period ended December 31, 2024 are as follows:


	Service Center Based Distribution		Engineered Solutions		Total
Balance at June 30, 2023	$	211,231	$	367,187	$	578,418
Goodwill acquired during the period	9,712		32,634		42,346

Other, primarily currency translation	(1,369)		—		(1,369)
Balance at June 30, 2024	$	219,574	$	399,821	$	619,395
Goodwill acquired during the period	2,827		65,902		68,729

Other, primarily currency translation	(1,976)		—		(1,976)
Balance at December 31, 2024	$	220,425	$	465,723	$	686,148

The Company has eight (8) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2024. Based on the assessment performed, the Company concluded that the fair value of all of the reporting units exceeded their carrying amount as of January 1, 2024, therefore no impairment exists.

At December 31, 2024 and June 30, 2024, accumulated goodwill impairment losses subsequent to fiscal year 2002 totaled $64,794 related to the Service Center Based Distribution segment and $167,605 related to the Engineered Solutions segment.

The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:


December 31, 2024	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	502,751	$	216,393	$	286,358
Trade names	107,549		37,910		69,639
Other	6,802		2,051		4,751
Total Identifiable Intangibles	$	617,102	$	256,354	$	360,748


June 30, 2024	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	394,114	$	205,422	$	188,692
Trade names	88,848		34,891		53,957
Other	4,946		1,725		3,221
Total Identifiable Intangibles	$	487,908	$	242,038	$	245,870

Fully amortized amounts are written off.

During the six month period ended December 31, 2024, the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:


	Acquisition Cost Allocation		Weighted-Average life
Customer relationships	$	109,438	20.0
Trade names	18,720		15.0
Other	1,945		13.9
Total Identifiable Intangibles	$	130,103	19.2

Identifiable intangible assets with finite lives are reviewed for impairment when changes in conditions indicate carrying value may not be recoverable.

Estimated future amortization expense by fiscal year (based on the Company’s identifiable intangible assets as of December 31, 2024) for the next five years is as follows: $20,200 for the remainder of 2025, $38,800 for 2026, $36,300 for 2027, $33,900 for 2028, $31,800 for 2029 and $29,900 for 2030.

Debt

6 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

DEBT

A summary of long-term debt, including the current portion, follows:


	December 31, 2024		June 30, 2024
Revolving credit facility	$	384,000	384,000
Trade receivable securitization facility	188,300		188,300
Series E notes	—		25,000
Other	—		105
Total debt	$	572,300	$	597,405
Less: unamortized debt issuance costs	—		71
	$	572,300	$	597,334

Revolving Credit Facility & Term Loan

In December 2021, the Company entered into a five-year revolving credit facility with a group of banks to refinance the existing credit facility as well as provide funds for ongoing working capital and other general corporate purposes. The revolving credit facility provides a $900,000 unsecured revolving credit facility and an uncommitted accordion feature which allows the Company to request an increase in the borrowing commitments, or incremental term loans, under the credit facility in aggregate principal amounts of up to $500,000. Borrowings under this agreement bear interest, at the Company's election, at either the base rate plus a margin that ranges from 0 to 55 basis points based on the Company's net leverage ratio or Secured Overnight Financing Rate (SOFR) plus a margin that ranges from 80 to 155 basis points based on the Company's net leverage ratio. Borrowing capacity under this facility, without exercising the accordion feature, totaled $515,757 and $515,800 at December 31, 2024 and June 30, 2024, respectively, and is available to fund future acquisitions or other capital and operating requirements. These amounts are net of outstanding letters of credit of $243 and $200 at December 31, 2024 and June 30, 2024, respectively, to secure certain insurance obligations. The interest rate on the revolving credit facility was 5.26% and 6.24% as of December 31, 2024 and June 30, 2024, respectively.

Additionally, the Company had letters of credit outstanding not associated with the revolving credit agreement, in the amount of $5,336 and $4,046 as of December 31, 2024 and June 30, 2024, respectively, in order to secure certain insurance obligations.

Trade Receivable Securitization Facility

In August 2018, the Company established a trade receivable securitization facility (the “AR Securitization Facility”). The AR Securitization Facility effectively increases the Company’s borrowing capacity by collateralizing a portion of the amount of the U.S. operations’ trade accounts receivable. The Company uses the proceeds from the AR Securitization Facility as an alternative to other forms of debt, effectively reducing borrowing costs. The AR Securitization Facility's maximum borrowing capacity is $250,000, fees on amounts borrowed are 0.90% per year, and the facility terminates on August 4, 2026. Borrowing capacity is further subject to changes in the credit ratings of our customers, customer concentration levels or certain characteristics of the accounts receivable portfolio and, therefore, at certain times, we may not be able to fully access the $250,000 of borrowing capacity available under the AR Securitization Facility. Borrowings under the AR Securitization Facility carry variable interest rates tied to SOFR. The interest rate on the AR Securitization Facility as of December 31, 2024 and June 30, 2024 was 5.34% and 6.35%, respectively.

Unsecured Shelf Facility

At December 31, 2024 the Company had no remaining borrowings outstanding under its unsecured shelf facility agreement with Prudential Investment Management. Fees on this facility ranged from 0.25% to 1.25% per year based on the Company's leverage ratio at each quarter end. The “Series E” notes carried a fixed interest rate of 3.08%, and the remaining principal balance of $25,000 was paid in October 2024.

Other Long-Term Borrowing

In 2014, the Company assumed $2,359 of debt as a part of the headquarters facility acquisition. The 1.50% fixed interest rate note, held by the State of Ohio Development Services Agency, was fully paid in November 2024.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Derivatives Derivatives	6 Months Ended
Derivatives Derivatives	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	DERIVATIVES Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s borrowings. Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive loss and subsequently reclassified into interest expense in the same period(s) during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. In January 2019, the Company entered into an interest rate swap to mitigate variability in forecasted interest payments on $463,000 of the Company’s U.S. dollar-denominated unsecured variable rate debt. The notional amount declined over time to $384,000 as principal payments were made. The interest rate swap effectively converts a portion of the floating rate interest payment into a fixed rate interest payment. The Company designated the interest rate swap as a pay-fixed, receive-floating interest rate swap instrument and is accounting for this derivative as a cash flow hedge. During fiscal 2021, the Company completed a transaction to amend and extend the interest rate swap agreement which resulted in an extension of the maturity date to January 31, 2026. The pay-fixed interest rate swap is considered a hybrid instrument with a financing component and an embedded at-market derivative that was designated as a cash flow hedge. The weighted average fixed pay rate is 1.58% and the interest rate swap is indexed to SOFR. The Company made various accounting elections related to changes in critical terms of the hedging relationship due to reference rate reform to preserve the hedging relationship. The interest rate swap converted $384,000 of variable rate debt to a rate of 2.48% as of December 31, 2024 and June 30, 2024. The fair value (Level 2 in the fair value hierarchy) of the interest rate cash flow hedge was $10,257 and $18,081 as of December 31, 2024 and June 30, 2024, respectively, which is included in other current assets and other assets in the condensed consolidated balance sheet. Amounts reclassified from other comprehensive (loss) income, before tax, to interest (income) expense, net was income of $4,091 and $4,715 for the three months ended December 31, 2024 and 2023, respectively, and $8,782 and $9,353 for the six months ended December 31, 2024 and 2023, respectively.

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Dec. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Marketable securities measured at fair value at December 31, 2024 and June 30, 2024 totaled $24,767 and $22,519, respectively. The majority of these marketable securities are held in a rabbi trust for a non-qualified deferred compensation plan. The marketable securities are included in other assets on the accompanying condensed consolidated balance sheets and their fair values were determined using quoted market prices (Level 1 in the fair value hierarchy). As of December 31, 2024 the Company had no fixed interest rate debt outstanding. As of June 30, 2024, the carrying values of the Company's fixed interest rate debt outstanding under its unsecured shelf facility agreement with Prudential Investment Management approximated fair value (Level 2 in the fair value hierarchy). The revolving credit facility and the AR Securitization Facility contain variable interest rates and their carrying values approximate fair value (Level 2 in the fair value hierarchy)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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-Topic 820
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+ Details

Shareholders' Equity

6 Months Ended

Dec. 31, 2024

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

Accumulated Other Comprehensive Loss

Changes in the accumulated other comprehensive loss are comprised of the following amounts, shown net of taxes:


	Three Months Ended December 31, 2024
	Foreign currency translation adjustment		Post-employment benefits		Cash flow hedge		Total Accumulated other comprehensive loss
Balance at September 30, 2024	$	(97,822)	$	(394)	$	11,708	$	(86,508)
Other comprehensive (loss) income	(18,639)		—		2,407		(16,232)
Amounts reclassified from accumulated other comprehensive loss	—		(5)		(3,089)		(3,094)

Net current-period other comprehensive loss	(18,639)		(5)		(682)		(19,326)
Balance at December 31, 2024	$	(116,461)	$	(399)	$	11,026	$	(105,834)


	Three Months Ended December 31, 2023
	Foreign currency translation adjustment		Post-employment benefits		Cash flow hedge		Total Accumulated other comprehensive loss
Balance at September 30, 2023	$	(89,391)	$	(221)	$	27,242	$	(62,370)
Other comprehensive income (loss)	9,724		—		(3,411)		6,313
Amounts reclassified from accumulated other comprehensive loss	—		(23)		(3,566)		(3,589)
Net current-period other comprehensive income (loss)	9,724		(23)		(6,977)		2,724
Balance at December 31, 2023	$	(79,667)	$	(244)	$	20,265	$	(59,646)


	Six Months Ended December 31, 2024
	Foreign currency translation adjustment		Post-employment benefits		Cash flow hedge		Total Accumulated other comprehensive loss
Balance at June 30, 2024	$	(95,566)	$	(391)	$	18,391	$	(77,566)
Other comprehensive loss	(20,895)		—		(734)		(21,629)
Amounts reclassified from accumulated other comprehensive loss	—		(8)		(6,631)		(6,639)

Net current-period other comprehensive loss	(20,895)		(8)		(7,365)		(28,268)
Balance at December 31, 2024	$	(116,461)	$	(399)	$	11,026	$	(105,834)


	Six Months Ended December 31, 2023
	Foreign currency translation adjustment		Post-employment benefits		Cash flow hedge		Total Accumulated other comprehensive loss
Balance at June 30, 2023	$	(83,099)	$	(197)	$	28,000	$	(55,296)
Other comprehensive income (loss)	3,432		—		(667)		2,765
Amounts reclassified from accumulated other comprehensive loss	—		(47)		(7,068)		(7,115)

Net current-period other comprehensive income (loss)	3,432		(47)		(7,735)		(4,350)
Balance at December 31, 2023	$	(79,667)	$	(244)	$	20,265	$	(59,646)

Other Comprehensive (Loss) Income

Details of other comprehensive (loss) income are as follows:


	Three Months Ended December 31,
	2024						2023
	Pre-Tax Amount		Tax Expense (Benefit)		Net Amount		Pre-Tax Amount		Tax Benefit		Net Amount
Foreign currency translation adjustments	$	(18,594)	$	45	$	(18,639)	$	9,697	$	(27)	$	9,724
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs	(8)		(3)		(5)		(30)		(7)		(23)

Unrealized gain (loss) on cash flow hedge	3,188		781		2,407		(4,536)		(1,125)		(3,411)
Reclassification of interest from cash flow hedge into interest (income) expense, net	(4,091)		(1,002)		(3,089)		(4,715)		(1,149)		(3,566)


Other comprehensive (loss) income	$	(19,505)	$	(179)	$	(19,326)	$	416	$	(2,308)	$	2,724


	Six Months Ended December 31,
	2024						2023
	Pre-Tax Amount		Tax Expense (Benefit)		Net Amount		Pre-Tax Amount		Tax Benefit		Net Amount
Foreign currency translation adjustments	$	(20,860)	$	35	$	(20,895)	$	3,427	$	(5)	$	3,432
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs	(13)		(5)		(8)		(60)		(13)		(47)


Unrealized loss on cash flow hedge	(971)		(237)		(734)		(902)		(235)		(667)
Reclassification of interest from cash flow hedge into interest (income) expense, net	(8,782)		(2,151)		(6,631)		(9,353)		(2,285)		(7,068)
Other comprehensive loss	$	(30,626)	$	(2,358)	$	(28,268)	$	(6,888)	$	(2,538)	$	(4,350)

Anti-dilutive Common Stock Equivalents

In the three months ended December 31, 2024 and 2023, stock options and stock appreciation rights related to 82 and 101 shares of common stock, respectively, were not included in the computation of diluted earnings per share for the period then ended as they were anti-dilutive. In the six months ended December 31, 2024 and 2023, stock options and stock appreciation rights related to 87 and 103 shares of common stock, respectively, were not included in the computation of diluted earnings per share for the period then ended as they were anti-dilutive.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Segment Information

6 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

The accounting policies of the Company’s reportable segments are generally the same as those used to prepare the condensed consolidated financial statements. LIFO expense of $667 and $3,377 in the three months ended December 31, 2024 and 2023, respectively, and $2,643 and $7,968 in the six months ended December 31, 2024 and 2023, respectively, is recorded in cost of sales in the condensed statements of consolidated income, and is included in operating income for the related reportable segment, as the Company allocates LIFO expense between the segments. Intercompany sales, primarily from the Engineered Solutions segment to the Service Center Based Distribution segment, of $14,454 and $12,457, in the three months ended December 31, 2024 and 2023, respectively, and $27,753 and $24,775 in the six months ended December 31, 2024 and 2023 respectively, are eliminated in the Segment Financial Information tables below.


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

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

The change in corporate and other expense, net is 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.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/280/tableOfContent

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 26
-Publisher FASB
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

+ Details

Other Income, Net

6 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

OTHER EXPENSE (INCOME), NET

OTHER INCOME, NET

Other income, net consists of the following:


	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2024		2023		2024		2023
Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan	$	(249)	$	(1,938)	$	(1,456)	$	(1,385)
Foreign currency transactions gain	(346)		(832)		(1,232)		(903)
Net other periodic post-employment costs	36		26		72		51
Life insurance income, net	(121)		(107)		(240)		(244)
Other, net	(75)		(73)		(180)		(12)
Total other income, net	$	(755)	$	(2,924)	$	(3,036)	$	(2,493)

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventory, Policy [Policy Text Block]	Inventory The Company uses the LIFO method of valuing U.S. inventories. An actual valuation of inventory under the LIFO method can be made only at the end of each fiscal year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs and are subject to the final year-end LIFO inventory determination. LIFO expense of $667 and $3,377 in the three months ended December 31, 2024 and 2023, respectively, and $2,643 and $7,968 in the six months ended December 31, 2024 and 2023, respectively, is recorded in cost of sales in the condensed statements of consolidated income.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Guidance In November 2024, the Financial Accounting Standards Board (FASB) issued its final standard on the Disaggregation of Income Statement Expenses (DISE). This standard, issued as ASU 2024-03, requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. This update is effective for annual periods beginning after December 15, 2026, and interim periods within annual periods beginning after December 15, 2027. The requirements can be applied prospectively with the option for retrospective application. The Company is currently evaluating the impacts of this guidance on its financial statements and related disclosures. In December 2023, the FASB issued its final standard to improve income tax disclosures. This standard, issued as ASU 2023-09, requires public business entities to annually disclose specific categories in the income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This update is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impacts of this guidance on its financial statements and related disclosures, and expects the standard will only impact its income taxes disclosures with no material impact to the consolidated financial statements. In November 2023, the FASB issued its final standard to improve reportable segment disclosures. This standard, issued as ASU 2023-07, requires enhanced disclosures about significant segment expenses, enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. This update is effective for all public business entities for fiscal years beginning after December 15, 2023 for annual disclosure requirements, with the interim disclosure requirements being effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impacts of this guidance on its financial statements and related disclosures, and expects the standard will only impact its segment disclosures with no material impact to the consolidated financial statements.

- Definition

Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.

+ References + Details

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.

Business Combinations (Tables)

6 Months Ended

Dec. 31, 2024

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the assets acquired and liabilities assumed in connection with this acquisition based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase accounting will be finalized within one year from the acquisition date.


	Hydradyne Acquisition
Cash and cash equivalents	$	13,373
Accounts receivable	42,852
Inventories	40,672
Other current assets	915
Property, net	7,311
Operating lease assets	49,949
Identifiable intangible assets	125,640
Goodwill	63,861
Other assets	111
Total assets acquired	$	344,684
Accounts payable and accrued liabilities	15,612
Other current liabilities	4,452
Other liabilities	48,529
Net assets acquired	$	276,091

Business Acquisition, Pro Forma Information

The following unaudited pro forma consolidated results of operations are prepared as if the Hydradyne acquisition (including the related acquisition costs) occurred at the beginning of fiscal 2025:


	Three Months Ended				Six Months Ended
	December 31,				December 31,
Pro forma	2024		2023		2024		2023
Sales	$	1,133,758	$	1,146,325	$	2,301,263	$	2,309,715
Net income	95,520		92,944		189,609		186,067
Diluted net income per share	$	2.45	$	2.36	$	4.87	$	4.73

Goodwill and Intangibles (Tables)

6 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill by reportable segment

The changes in the carrying amount of goodwill for both the Service Center Based Distribution segment and the Engineered Solutions segment for the fiscal year ended June 30, 2024 and the six month period ended December 31, 2024 are as follows:


	Service Center Based Distribution		Engineered Solutions		Total
Balance at June 30, 2023	$	211,231	$	367,187	$	578,418
Goodwill acquired during the period	9,712		32,634		42,346

Other, primarily currency translation	(1,369)		—		(1,369)
Balance at June 30, 2024	$	219,574	$	399,821	$	619,395
Goodwill acquired during the period	2,827		65,902		68,729

Other, primarily currency translation	(1,976)		—		(1,976)
Balance at December 31, 2024	$	220,425	$	465,723	$	686,148

Schedule of Intangible Assets

The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:


December 31, 2024	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	502,751	$	216,393	$	286,358
Trade names	107,549		37,910		69,639
Other	6,802		2,051		4,751
Total Identifiable Intangibles	$	617,102	$	256,354	$	360,748


June 30, 2024	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Identifiable Intangibles:
Customer relationships	$	394,114	$	205,422	$	188,692
Trade names	88,848		34,891		53,957
Other	4,946		1,725		3,221
Total Identifiable Intangibles	$	487,908	$	242,038	$	245,870

Fully amortized amounts are written off.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

During the six month period ended December 31, 2024, the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:


	Acquisition Cost Allocation		Weighted-Average life
Customer relationships	$	109,438	20.0
Trade names	18,720		15.0
Other	1,945		13.9
Total Identifiable Intangibles	$	130,103	19.2

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
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-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

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-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Debt (Tables)

6 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

A summary of long-term debt, including the current portion, follows:


	December 31, 2024		June 30, 2024
Revolving credit facility	$	384,000	384,000
Trade receivable securitization facility	188,300		188,300
Series E notes	—		25,000
Other	—		105
Total debt	$	572,300	$	597,405
Less: unamortized debt issuance costs	—		71
	$	572,300	$	597,334

Shareholders' Equity (Tables)

6 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated Other Comprehensive Loss

Changes in the accumulated other comprehensive loss are comprised of the following amounts, shown net of taxes:


	Three Months Ended December 31, 2024
	Foreign currency translation adjustment		Post-employment benefits		Cash flow hedge		Total Accumulated other comprehensive loss
Balance at September 30, 2024	$	(97,822)	$	(394)	$	11,708	$	(86,508)
Other comprehensive (loss) income	(18,639)		—		2,407		(16,232)
Amounts reclassified from accumulated other comprehensive loss	—		(5)		(3,089)		(3,094)

Net current-period other comprehensive loss	(18,639)		(5)		(682)		(19,326)
Balance at December 31, 2024	$	(116,461)	$	(399)	$	11,026	$	(105,834)


	Three Months Ended December 31, 2023
	Foreign currency translation adjustment		Post-employment benefits		Cash flow hedge		Total Accumulated other comprehensive loss
Balance at September 30, 2023	$	(89,391)	$	(221)	$	27,242	$	(62,370)
Other comprehensive income (loss)	9,724		—		(3,411)		6,313
Amounts reclassified from accumulated other comprehensive loss	—		(23)		(3,566)		(3,589)
Net current-period other comprehensive income (loss)	9,724		(23)		(6,977)		2,724
Balance at December 31, 2023	$	(79,667)	$	(244)	$	20,265	$	(59,646)


	Six Months Ended December 31, 2024
	Foreign currency translation adjustment		Post-employment benefits		Cash flow hedge		Total Accumulated other comprehensive loss
Balance at June 30, 2024	$	(95,566)	$	(391)	$	18,391	$	(77,566)
Other comprehensive loss	(20,895)		—		(734)		(21,629)
Amounts reclassified from accumulated other comprehensive loss	—		(8)		(6,631)		(6,639)

Net current-period other comprehensive loss	(20,895)		(8)		(7,365)		(28,268)
Balance at December 31, 2024	$	(116,461)	$	(399)	$	11,026	$	(105,834)


	Six Months Ended December 31, 2023
	Foreign currency translation adjustment		Post-employment benefits		Cash flow hedge		Total Accumulated other comprehensive loss
Balance at June 30, 2023	$	(83,099)	$	(197)	$	28,000	$	(55,296)
Other comprehensive income (loss)	3,432		—		(667)		2,765
Amounts reclassified from accumulated other comprehensive loss	—		(47)		(7,068)		(7,115)

Net current-period other comprehensive income (loss)	3,432		(47)		(7,735)		(4,350)
Balance at December 31, 2023	$	(79,667)	$	(244)	$	20,265	$	(59,646)

Schedule of Comprehensive Income (Loss) [Table Text Block]

Other Comprehensive (Loss) Income

Details of other comprehensive (loss) income are as follows:


	Three Months Ended December 31,
	2024						2023
	Pre-Tax Amount		Tax Expense (Benefit)		Net Amount		Pre-Tax Amount		Tax Benefit		Net Amount
Foreign currency translation adjustments	$	(18,594)	$	45	$	(18,639)	$	9,697	$	(27)	$	9,724
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs	(8)		(3)		(5)		(30)		(7)		(23)

Unrealized gain (loss) on cash flow hedge	3,188		781		2,407		(4,536)		(1,125)		(3,411)
Reclassification of interest from cash flow hedge into interest (income) expense, net	(4,091)		(1,002)		(3,089)		(4,715)		(1,149)		(3,566)


Other comprehensive (loss) income	$	(19,505)	$	(179)	$	(19,326)	$	416	$	(2,308)	$	2,724


	Six Months Ended December 31,
	2024						2023
	Pre-Tax Amount		Tax Expense (Benefit)		Net Amount		Pre-Tax Amount		Tax Benefit		Net Amount
Foreign currency translation adjustments	$	(20,860)	$	35	$	(20,895)	$	3,427	$	(5)	$	3,432
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs	(13)		(5)		(8)		(60)		(13)		(47)


Unrealized loss on cash flow hedge	(971)		(237)		(734)		(902)		(235)		(667)
Reclassification of interest from cash flow hedge into interest (income) expense, net	(8,782)		(2,151)		(6,631)		(9,353)		(2,285)		(7,068)
Other comprehensive loss	$	(30,626)	$	(2,358)	$	(28,268)	$	(6,888)	$	(2,538)	$	(4,350)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

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

Other Income, Net (Tables)

6 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

Other expense (income), net

Other income, net consists of the following:


	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2024		2023		2024		2023
Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan	$	(249)	$	(1,938)	$	(1,456)	$	(1,385)
Foreign currency transactions gain	(346)		(832)		(1,232)		(903)
Net other periodic post-employment costs	36		26		72		51
Life insurance income, net	(121)		(107)		(240)		(244)
Other, net	(75)		(73)		(180)		(12)
Total other income, net	$	(755)	$	(2,924)	$	(3,036)	$	(2,493)

Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Basis of Presentation (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventory, LIFO Reserve, Period Charge	$ 667	$ 3,377	$ 2,643	$ 7,968

Revenue Recognition Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 1,073,001	$ 1,077,153	$ 2,171,945	$ 2,172,341
UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	929,549	944,652	1,886,782	1,904,010
CANADA
Disaggregation of Revenue [Line Items]
Net sales	77,777	77,170	149,253	152,470
Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	65,675	55,331	135,910	115,861
Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	723,827	729,273	1,473,566	1,475,806
Service Center Based Distribution Segment [Member] \| UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	599,801	602,483	1,225,483	1,219,745
Service Center Based Distribution Segment [Member] \| CANADA
Disaggregation of Revenue [Line Items]
Net sales	77,777	77,170	149,253	152,470
Service Center Based Distribution Segment [Member] \| Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	46,249	49,620	98,830	103,591
Engineered Solutions Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	349,174	347,880	698,379	696,535
Engineered Solutions Segment [Member] \| UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	329,748	342,169	661,299	684,265
Engineered Solutions Segment [Member] \| CANADA
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Engineered Solutions Segment [Member] \| Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 19,426	$ 5,711	$ 37,080	$ 12,270

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
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-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Revenue Recognition Revenue Recognition (Details 1)	3 Months Ended		6 Months Ended
Revenue Recognition Revenue Recognition (Details 1)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
General Industry [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	35.40%	36.00%	35.80%	35.80%
Industrial Machinery [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	12.80%	14.20%	12.70%	14.10%
Food [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	11.50%	10.10%	11.50%	10.20%
Metals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	10.00%	9.90%	10.20%	9.90%
Forest Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	9.20%	9.00%	9.20%	9.40%
Chem/Petrochem [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	7.50%	6.90%	7.20%	6.90%
Cement & Aggregate [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	5.90%	6.00%	5.70%	5.60%
Oil & Gas [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	4.00%	4.20%	3.80%	4.40%
Transportation [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.70%	3.70%	3.90%	3.70%
Total
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100.00%	100.00%	100.00%	100.00%
Service Center Based Distribution Segment [Member] \| General Industry [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	34.60%	34.50%	34.80%	34.70%
Service Center Based Distribution Segment [Member] \| Industrial Machinery [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	8.00%	9.00%	8.00%	8.90%
Service Center Based Distribution Segment [Member] \| Food [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	15.20%	13.70%	15.30%	13.70%
Service Center Based Distribution Segment [Member] \| Metals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	10.90%	10.90%	11.10%	10.80%
Service Center Based Distribution Segment [Member] \| Forest Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	12.00%	12.00%	11.90%	12.20%
Service Center Based Distribution Segment [Member] \| Chem/Petrochem [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.90%	2.70%	2.90%	2.70%
Service Center Based Distribution Segment [Member] \| Cement & Aggregate [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	7.90%	8.20%	7.60%	7.60%
Service Center Based Distribution Segment [Member] \| Oil & Gas [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	5.00%	5.40%	4.70%	5.70%
Service Center Based Distribution Segment [Member] \| Transportation [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.50%	3.60%	3.70%	3.70%
Service Center Based Distribution Segment [Member] \| Total
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100.00%	100.00%	100.00%	100.00%
Engineered Solutions Segment [Member] \| General Industry [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	36.60%	39.60%	37.80%	38.50%
Engineered Solutions Segment [Member] \| Industrial Machinery [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	23.00%	25.00%	22.80%	25.10%
Engineered Solutions Segment [Member] \| Food [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.90%	2.50%	3.50%	2.70%
Engineered Solutions Segment [Member] \| Metals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	8.30%	7.60%	8.20%	7.90%
Engineered Solutions Segment [Member] \| Forest Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.50%	2.70%	3.40%	3.30%
Engineered Solutions Segment [Member] \| Chem/Petrochem [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	17.00%	15.70%	16.60%	15.90%
Engineered Solutions Segment [Member] \| Cement & Aggregate [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	1.60%	1.40%	1.40%	1.30%
Engineered Solutions Segment [Member] \| Oil & Gas [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.00%	1.70%	1.90%	1.60%
Engineered Solutions Segment [Member] \| Transportation [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	4.10%	3.80%	4.40%	3.70%
Engineered Solutions Segment [Member] \| Total
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100.00%	100.00%	100.00%	100.00%

Revenue Recognition Revenue Recognition (Details 2)	3 Months Ended		6 Months Ended
Revenue Recognition Revenue Recognition (Details 2)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100.00%	100.00%	100.00%	100.00%
Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	29.20%	30.00%	29.40%	29.40%
General MRO & Other [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	22.10%	21.10%	21.50%	20.40%
Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	20.00%	21.00%	20.00%	21.50%
Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	17.20%	17.10%	17.70%	17.80%
Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	11.50%	10.80%	11.40%	10.90%
Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100.00%	100.00%	100.00%	100.00%
Service Center Based Distribution Segment [Member] \| Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	38.00%	38.40%	38.00%	38.00%
Service Center Based Distribution Segment [Member] \| General MRO & Other [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	22.60%	22.70%	22.30%	22.00%
Service Center Based Distribution Segment [Member] \| Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	14.20%	13.90%	14.10%	14.00%
Service Center Based Distribution Segment [Member] \| Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	25.20%	25.00%	25.60%	26.00%
Service Center Based Distribution Segment [Member] \| Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	0.00%	0.00%	0.00%	0.00%
Engineered Solutions Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100.00%	100.00%	100.00%	100.00%
Engineered Solutions Segment [Member] \| Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	10.60%	12.40%	10.80%	11.30%
Engineered Solutions Segment [Member] \| General MRO & Other [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	21.50%	17.90%	19.90%	16.90%
Engineered Solutions Segment [Member] \| Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	32.00%	35.80%	32.90%	37.30%
Engineered Solutions Segment [Member] \| Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	0.40%	0.40%	0.40%	0.50%
Engineered Solutions Segment [Member] \| Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	35.50%	33.50%	36.00%	34.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Revenue Recognition Revenue Recognition (Details 3) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Contract Assets	$ 12,336	$ 12,648
Contract Assets Period $ Change	$ (312)
Contract Assets Period % Change	(2.50%)

Business Combinations (Details) - Hydradyne, LLC $ in Thousands	Dec. 31, 2024 USD ($)
Cash and cash equivalents	$ 13,373
Accounts receivable	42,852
Inventories	40,672
Other current assets	915
Property, net	7,311
Operating lease assets	49,949
Identifiable intangible assets	125,640
Goodwill	63,861
Other assets	111
Total assets acquired	344,684
Accounts payable and accrued liabilities	15,612
Other current liabilities	4,452
Other liabilities	48,529
Net assets acquired	$ 276,091

Business Combinations (Details 1) - Hydradyne, LLC - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Pro Forma Sales	$ 1,133,758	$ 1,146,325	$ 2,301,263	$ 2,309,715
Pro Forma Net income	$ 95,520	$ 92,944	$ 189,609	$ 186,067
Pro forma diluted net income per share	$ 2.45	$ 2.36	$ 4.87	$ 4.73

Business Combinations (Details - Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024	Aug. 01, 2024	May 01, 2024	Sep. 01, 2023	Aug. 01, 2023
Acquisition holdback payments			$ 1,210	$ 681
Hydradyne, LLC
Total Consideration			276,091
Business Combination, Acquisition Related Costs			1,473
Business Acquisition, Pro forma Adjustment, Amortization	$ 2,736	$ 2,863	5,473	$ 5,727
Business Acquisition, Pro forma Adjustment, Interest income	2,761		5,522
Identifiable intangible assets	125,640		125,640
Goodwill	$ 63,861		63,861
Total Machine Solutions
Total Consideration			6,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net						$ 1,024
Identifiable intangible assets						2,738
Goodwill						2,738
Stanley Proctor
Total Consideration			3,924
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net						498
Identifiable intangible assets						1,725
Goodwill						$ 1,701
Business Acquisition, Percentage of Voting Interests Acquired						100.00%
Grupo Kopar
Total Consideration					$ 61,225
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net							$ 2,870
Business Acquisition, Percentage of Voting Interests Acquired							100.00%
Intangible Assets, Net (Including Goodwill)							$ 64,095
Bearing Distributors, Inc.
Total Consideration					17,926
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net								$ 4,102
Intangible Assets, Net (Including Goodwill)								13,824
Funding from Holdback Payments								$ 1,800
Acquisition holdback payments			900
Debt Instrument, Interest Rate, Stated Percentage								3.00%
Cangro Industries, Inc.
Total Consideration					$ 6,219
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net									$ 2,070
Intangible Assets, Net (Including Goodwill)									4,149
Funding from Holdback Payments									$ 930
Acquisition holdback payments			$ 310
Debt Instrument, Interest Rate, Stated Percentage									1.00%

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Goodwill and Intangibles (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	$ 619,395	$ 578,418
Goodwill acquired during the period	68,729	42,346
Other, primarily currency translation	(1,976)	(1,369)
Balance at end of period	686,148	619,395
Service Center Based Distribution Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	219,574	211,231
Goodwill acquired during the period	2,827	9,712
Other, primarily currency translation	(1,976)	(1,369)
Balance at end of period	220,425	219,574
Engineered Solutions Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	399,821	367,187
Goodwill acquired during the period	65,902	32,634
Other, primarily currency translation	0	0
Balance at end of period	$ 465,723	$ 399,821

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Goodwill and Intangibles (Details 1) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Amortization details resulting from business combinations
Amount	$ 617,102	$ 487,908
Accumulated Amortization	256,354	242,038
Net Book Value	360,748	245,870
Customer relationships
Amortization details resulting from business combinations
Amount	502,751	394,114
Accumulated Amortization	216,393	205,422
Net Book Value	286,358	188,692
Trade names
Amortization details resulting from business combinations
Amount	107,549	88,848
Accumulated Amortization	37,910	34,891
Net Book Value	69,639	53,957
Other Intangible Assets
Amortization details resulting from business combinations
Amount	6,802	4,946
Accumulated Amortization	2,051	1,725
Net Book Value	$ 4,751	$ 3,221

Goodwill and Intangibles (Details2) $ in Thousands	6 Months Ended
Goodwill and Intangibles (Details2) $ in Thousands	Dec. 31, 2024 USD ($)
Acquired Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets Acquired	$ 130,103
Weighted-Average life	19 years 2 months 12 days
Customer Relationships [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets Acquired	$ 109,438
Weighted-Average life	20 years
Trade Names [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets Acquired	$ 18,720
Weighted-Average life	15 years
Other Intangible Assets [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets Acquired	$ 1,945
Weighted-Average life	13 years 10 months 24 days

Goodwill and Intangibles (Details Textuals) $ in Thousands	12 Months Ended
Goodwill and Intangibles (Details Textuals) $ in Thousands	Jun. 30, 2024	Dec. 31, 2024 USD ($)
Goodwill [Line Items]
Number of Reporting Units	8
Goodwill and Intangibles (Textuals) [Abstract]
Amortization expense for the remainder of 2025		$ 20,200
Amortization expense for 2026		38,800
Amortization expense for 2027		36,300
Amortization expense for 2028		33,900
Amortization expense for 2029		31,800
Amortization expense for 2030		29,900
Service Center Based Distribution Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses		64,794
Engineered Solutions Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses		$ 167,605

Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Long-term Debt Instruments [Line Items]
Revolving credit facility	$ 384,000	$ 384,000
Total debt	572,300	597,405
Less: unamortized debt issuance costs	0	71
Debt, Long-term and Short-term, Combined Amount	572,300	597,334
Asset-backed Securities, Securitized Loans and Receivables [Member]
Long-term Debt Instruments [Line Items]
Trade receivable securitization facility	188,300	188,300
Prudential Facility - Series E [Member] [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	0	25,000
State of Ohio Assumed Debt [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	$ 0	$ 105

Debt (Textuals) (Details) - USD ($) $ in Thousands	6 Months Ended
Debt (Textuals) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Long-term Debt Instruments [Line Items]
Letters of Credit Outstanding, Amount	$ 5,336	$ 4,046
Asset-backed Securities, Securitized Loans and Receivables [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Face Amount	$ 250,000
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	5.34%	6.35%
Debt Instrument, Interest Rate, Stated Percentage	0.90%
Prudential Facility [Domain] \| Minimum [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.25%
Prudential Facility [Domain] \| Maximum [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.25%
Prudential Facility - Series E [Member] [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	$ 0	$ 25,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.08%
State of Ohio Assumed Debt [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Face Amount	$ 2,359
Long-term Debt	$ 0	105
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.50%
Revolving Credit Facility [Member]
Long-term Debt Instruments [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 900,000
Debt Instrument, Face Amount	500,000
Line of Credit Facility, Remaining Borrowing Capacity	515,757	515,800
Letters of Credit Outstanding, Amount	$ 243	$ 200
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	5.26%	6.24%
Revolving Credit Facility [Member] \| Minimum [Member]
Long-term Debt Instruments [Line Items]
Variable interest rate, base rate plus margin	0.00%
Variable interest rate, SOFR plus margin	8000.00%
Revolving Credit Facility [Member] \| Maximum [Member]
Long-term Debt Instruments [Line Items]
Variable interest rate, base rate plus margin	5500.00%
Variable interest rate, SOFR plus margin	15500.00%

Derivatives Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Derivatives Derivatives (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024	Mar. 31, 2023
Derivative [Line Items]
Derivative, Amount of Hedged Item	$ 384,000		$ 384,000			$ 463,000
Derivative, Fixed Interest Rate	1.58%		1.58%
Derivative, Variable Interest Rate	2.48%		2.48%
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 10,257		$ 10,257		$ 18,081
Reclassification of interest from cash flow hedge into interest income, net	$ (4,091)	$ (4,715)	$ (8,782)	$ (9,353)

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Level 1 [Member] \| Recurring [Member]
Fair Value Measurements (Textuals) [Line Items]
Marketable securities	$ 24,767	$ 22,519

Shareholders' Equity Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		$ (77,566)			$ (77,566)
Other comprehensive income (loss), Cash flow hedge	$ 2,407		$ (3,411)		(734)	$ (667)
Amounts reclassified from accumulated other comprehensive (loss) income, Cash flow hedge	3,089		3,566		6,631	7,068
Net current-period other comprehensive income (loss), net of taxes, Foreign Currency Translation Adjustment	(18,639)		9,724		(20,895)	3,432
Net current-period other comprehensive income (loss), net of taxes, Total accumulated other comprehensive income (loss)	(19,326)		2,724		(28,268)	(4,350)
Balance at end of period	(105,834)				(105,834)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive (loss) income	(3,094)		(3,589)		(6,639)	(7,115)
Amounts reclassified from accumulated other comprehensive (loss) income, Postemployment benefits	(5)		(23)		(8)	(47)
Amounts reclassified from accumulated other comprehensive (loss) income, Cash flow hedge	(3,089)		(3,566)		(6,631)	(7,068)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(97,822)	(95,566)	(89,391)	$ (83,099)	(95,566)	(83,099)
Other comprehensive income (loss), Foreign Currency Translation Adjustment	(18,639)		9,724		(20,895)	3,432
Amounts reclassified from accumulated other comprehensive (loss) income	0		0		0	0
Net current-period other comprehensive income (loss), net of taxes, Foreign Currency Translation Adjustment	(18,639)		9,724		(20,895)	3,432
Balance at end of period	(116,461)	(97,822)	(79,667)	(89,391)	(116,461)	(79,667)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(394)	(391)	(221)	(197)	(391)	(197)
Other comprehensive income (loss), Postemployment Benefits,	0		0		0	0
Net current-period other comprehensive income (loss), net of taxes, Postemployment benefits	(5)		(23)		(8)	(47)
Balance at end of period	(399)	(394)	(244)	(221)	(399)	(244)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	11,708	18,391	27,242	28,000	18,391	28,000
Other comprehensive income (loss), Cash flow hedge	2,407		(3,411)		(734)	(667)
Net current-period other comprehensive income (loss), net of taxes, Cash flow hedge	(682)		(6,977)		(7,365)	(7,735)
Balance at end of period	11,026	11,708	20,265	27,242	11,026	20,265
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(86,508)	(77,566)	(62,370)	(55,296)	(77,566)	(55,296)
Other comprehensive income (loss), Total accumulated other comprehensive income (loss)	(16,232)		6,313		(21,629)	2,765
Net current-period other comprehensive income (loss), net of taxes, Total accumulated other comprehensive income (loss)	(19,326)	(8,942)	2,724	(7,074)	(28,268)	(4,350)
Balance at end of period	$ (105,834)	$ (86,508)	$ (59,646)	$ (62,370)	$ (105,834)	$ (59,646)

Shareholders' Equity (Details) 1 - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Shareholders' Equity (Details) 1 - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Other comprehensive income (loss):
Foreign currency translation adjustments, before Tax	$ (18,594)	$ 9,697	$ (20,860)	$ 3,427
Foreign currency translation adjustments, Tax	45	(27)	35	(5)
Foreign currency translation adjustments, Net of Tax	(18,639)	9,724	(20,895)	3,432
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs, before Tax	(8)	(30)	(13)	(60)
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs, Tax	(3)	(7)	(5)	(13)
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs, Net of Tax	(5)	(23)	(8)	(47)
Unrealized (loss) gain on cash flow hedge, before Tax	3,188	(4,536)	(971)	(902)
Unrealized (loss) gain on cash flow hedge, Tax	781	(1,125)	(237)	(235)
Unrealized (loss) gain on cash flow hedge, Net of Tax	2,407	(3,411)	(734)	(667)
Reclassification of interest from cash flow hedge into interest income, net	(4,091)	(4,715)	(8,782)	(9,353)
Reclassification of interest from cash flow hedge into interest expense, Tax	(1,002)	(1,149)	(2,151)	(2,285)
Reclassification of interest from cash flow hedge into interest expense, Net of Tax	(3,089)	(3,566)	(6,631)	(7,068)
Other comprehensive (loss) income, before tax	(19,505)	416	(30,626)	(6,888)
Other comprehensive (loss) income, tax	(179)	(2,308)	(2,358)	(2,538)
Other comprehensive (loss) income, net of tax	$ (19,326)	$ 2,724	$ (28,268)	$ (4,350)

Shareholders' Equity (Textuals) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	82	101	87	103

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Segment Reporting Information [Line Items]
Net sales	$ 1,073,001	$ 1,077,153	$ 2,171,945	$ 2,172,341
Operating income for reportable segments	120,870	114,594	234,042	235,274
Assets used in business	3,044,641	2,782,765	3,044,641	2,782,765	$ 2,951,910
Depreciation and amortization of property	5,926	6,048	11,850	11,765
Capital expenditures	5,197	5,523	10,746	9,863
Service Center Based Distribution Segment [Member]
Segment Reporting Information [Line Items]
Net sales	723,827	729,273	1,473,566	1,475,806
Operating income for reportable segments	92,785	91,440	187,412	188,321
Assets used in business	1,588,471	1,759,794	1,588,471	1,759,794
Depreciation and amortization of property	4,383	4,355	8,802	8,791
Capital expenditures	4,644	4,400	9,079	8,034
Engineered Solutions Segment [Member]
Segment Reporting Information [Line Items]
Net sales	349,174	347,880	698,379	696,535
Operating income for reportable segments	55,533	51,167	103,678	100,762
Assets used in business	1,456,170	1,022,971	1,456,170	1,022,971
Depreciation and amortization of property	1,543	1,693	3,048	2,974
Capital expenditures	553	1,123	1,667	1,829
Reportable Segments Total
Segment Reporting Information [Line Items]
Operating income for reportable segments	$ 148,318	$ 142,607	$ 291,090	$ 289,083

- Definition

Amount of asset recognized for present right to economic benefit.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
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-Section S99
-Paragraph 1
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (SX 210.5-02(18))
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
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-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 1A
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Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SX 210.13-02(a)(5))
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Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details 1) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	$ 120,870	$ 114,594	$ 234,042	$ 235,274
Adjustment for:
Intangible amortization			15,167	14,650
Corporate and other expense, net	19,881	20,756	41,881	39,159
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
Reportable Segments Total
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	148,318	142,607	291,090	289,083
Adjustment for:
Operating income	148,318	142,607	291,090	289,083
Service Center Based Distribution Segment [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	92,785	91,440	187,412	188,321
Adjustment for:
Intangible amortization	812	922	1,614	1,599
Operating income	92,785	91,440	187,412	188,321
Engineered Solutions Segment [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	55,533	51,167	103,678	100,762
Adjustment for:
Intangible amortization	6,755	6,335	13,553	13,051
Operating income	$ 55,533	$ 51,167	$ 103,678	$ 100,762

Segment Information (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Inventory, LIFO Reserve, Period Charge	$ 667	$ 3,377	$ 2,643	$ 7,968
Net sales	1,073,001	1,077,153	2,171,945	2,172,341
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ 14,454	$ 12,457	$ 27,753	$ 24,775

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Other Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Other Income, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Other Income and Expenses [Abstract]
Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan	$ (249)	$ (1,938)	$ (1,456)	$ (1,385)
Foreign currency transactions gain	(346)	(832)	(1,232)	(903)
Net other periodic post-employment costs	36	26	72	51
Life insurance income, net	(121)	(107)	(240)	(244)
Other, net	(75)	(73)	(180)	(12)
Total other income, net	$ (755)	$ (2,924)	$ (3,036)	$ (2,493)