Applied Industrial (AIT) 10-Q 3 Feb 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2013	Jan. 15, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'APPLIED INDUSTRIAL TECHNOLOGIES INC	'
Entity Central Index Key	'0000109563	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	41,965,748

Condensed_Statements_of_Consol

Condensed Statements of Consolidated Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]	'	'	'	'
Net Sales	$581,949	$589,517	$1,187,254	$1,200,036
Cost of Sales	418,566	426,598	854,076	872,584
Gross Profit	163,383	162,919	333,178	327,452
Selling, Distribution and Administrative, including depreciation	123,546	122,350	253,802	242,565
Operating Income	39,837	40,569	79,376	84,887
Interest (Income) Expense, net	-152	15	-91	40
Other Income, net	-270	-427	-1,361	-886
Income Before Income Taxes	40,259	40,981	80,828	85,733
Income Tax Expense	14,350	13,938	28,075	29,158
Net Income	$25,909	$27,043	$52,753	$56,575
Net Income Per Share - Basic	$0.62	$0.64	$1.25	$1.35
Net Income Per Share - Diluted	$0.61	$0.64	$1.24	$1.33
Cash dividends per common share	$0.23	$0.21	$0.46	$0.42
Weighted average common shares outstanding for basic computation	42,076	42,052	42,116	42,009
Dilutive effect of potential common shares	386	442	431	477
Weighted average common shares outstanding for diluted computation	42,462	42,494	42,547	42,486

Condensed_Statements_of_Consol1

Condensed Statements of Consolidated Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Net income per the condensed statements of consolidated income	$25,909	$27,043	$52,753	$56,575
Other comprehensive income (loss), before tax:	'	'	'	'
Foreign currency translation adjustments	-7,410	-594	-6,860	8,408
Postemployment benefits:	'	'	'	'
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	96	218	191	436
Unrealized gain (loss) on investment securities available for sale	65	0	99	23
Total of other comprehensive income (loss), before tax	-7,249	-376	-6,570	8,867
Income tax expense related to items of other comprehensive income	61	85	109	179
Other comprehensive income (loss), net of tax	-7,310	-461	-6,679	8,688
Comprehensive income, net of tax	$18,599	$26,582	$46,074	$65,263

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$66,584	$73,164
Accounts receivable, less allowances of $7,335 and $7,737	305,936	329,880
Inventories	323,257	281,417
Other current assets	54,702	52,819
Total current assets	750,479	737,280
Property, less accumulated depreciation of $163,179 and $157,506	80,056	83,243
Intangibles, net	91,669	91,267
Goodwill	111,356	106,849
Deferred tax assets	20,463	21,026
Other assets	20,136	19,041
TOTAL ASSETS	1,074,159	1,058,706
Current liabilities	'	'
Accounts payable	140,869	136,575
Short-term debt	15,000	0
Compensation and related benefits	48,769	63,899
Other current liabilities	46,216	45,426
Total current liabilities	250,854	245,900
Postemployment benefits	25,405	30,919
Other liabilities	24,421	22,272
TOTAL LIABILITIES	300,680	299,091
Shareholders’ Equity	'	'
Preferred stock—no par value; 2,500 shares authorized; none issued or outstanding	'	'
Common stock—no par value; 80,000 shares authorized; 54,213 shares issued	10,000	10,000
Additional paid-in capital	155,299	153,893
Income retained for use in the business	857,638	824,362
Treasury shares—at cost (12,224 and 12,044 shares)	-239,358	-225,219
Accumulated other comprehensive income (loss)	-10,100	-3,421
TOTAL SHAREHOLDERS’ EQUITY	773,479	759,615
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$1,074,159	$1,058,706

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, except Share data, unless otherwise specified
Current Assets:	'	'
Accounts Receivable, less allowances	$7,335	$7,737
Noncurrent Assets:	'	'
Property, less accumulated depreciation	$163,179	$157,506
Shareholders’ Equity	'	'
Preferred stock, par value	$0	$0
Preferred stock, shares authorized	2,500,000	2,500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0	$0
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	54,213,000	54,213,000
Treasury shares	12,224,000	12,044,000

Condensed_Statements_of_Consol2

Condensed Statements of Consolidated Cash Flows (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Cash Flows from Operating Activities	'	'
Net income	$52,753	$56,575
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization of property	6,792	6,036
Amortization of intangibles	6,330	6,207
Unrealized foreign exchange transactions gain (loss)	79	-620
Amortization of stock options and appreciation rights	931	1,197
Gain on sale of property	-10	-193
Other share-based compensation expense	2,286	1,982
Changes in operating assets and liabilities, net of acquisitions	-36,996	-42,766
Other, net	498	468
Net Cash provided by Operating Activities	32,663	28,886
Cash Flows from Investing Activities	'	'
Property purchases	-4,126	-6,843
Proceeds from property sales	324	429
Net cash paid for acquisition of businesses, net of cash acquired	-17,000	-66,055
Net Cash used in Investing Activities	-20,802	-72,469
Cash Flows from Financing Activities	'	'
Borrowings under revolving credit facility	15,000	33,000
Purchases of treasury shares	-13,838	0
Dividends paid	-19,471	-17,737
Excess tax benefits from share-based compensation	2,057	1,461
Acquisition holdback payments	-1,032	-1,845
Exercise of stock options and appreciation rights	97	497
Net Cash provided by (used in) Financing Activities	-17,187	15,376
Effect of Exchange Rate Changes on Cash	-1,254	1,610
Decrease in Cash and Cash Equivalents	-6,580	-26,597
Cash and Cash Equivalents at Beginning of Period	73,164	78,442
Cash and Cash Equivalents at End of Period	$66,584	$51,845

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
BASIS OF PRESENTATION	'
	BASIS OF PRESENTATION
	The accompanying unaudited condensed consolidated financial statements have been 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, 2013, and the results of its operations for the three and six month periods ended December 31, 2013 and 2012 and its cash flows for the six months ended December 31, 2013 and 2012, have been included. The condensed consolidated balance sheet as of June 30, 2013 has been 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, 2013.
	Operating results for the three and six month periods ended December 31, 2013 are not necessarily indicative of the results that may be expected for the remainder of the fiscal year ending June 30, 2014.
	Change in Accounting Principle - Alignment of Canadian Subsidiary Reporting
	Effective July 1, 2013, the Company aligned the consolidation of the Company’s Canadian subsidiary in the consolidated financial statements which previously included results on a one month reporting lag. The Company believes that this change in accounting principle is preferable as it provides contemporaneous reporting within our consolidated financial statements. In accordance with applicable accounting literature, the elimination of a one month reporting lag of a subsidiary is treated as a change in accounting principle and requires retrospective application. The Company has determined that the effect of this change is not material to the financial statements for all periods presented and therefore, the Company has not presented retrospective application of this change. The net impact of the lag elimination of $1.2 million of income for the month of June 2013 has been included within “Other (Income) Expense, net” on the Statement of Consolidated Income for the six months ended December 31, 2013. The three months ended December 31, 2013 reflect the same results, had the financial statements been retrospectively adjusted. The six months ended December 31, 2013 reflect the same results, had the financial statements been retrospectively adjusted, with the exception of net income which would have decreased $1.2 million. Net sales, operating income and net income for the three months ended December 31, 2012, would have decreased by $1.4 million, $0.4 million and $0.3 million respectively had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the six months ended December 31, 2012, would have decreased by $2.9 million, $1.2 million and $1.2 million respectively had the financial statements been retrospectively adjusted.
	Inventory
	The Company uses the last-in, first-out (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 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.
	Reclassifications
	Certain reclassifications have been made to the prior year financial statements to conform to the 2014 presentation.

Business_Combinations

Business Combinations	6 Months Ended
	Dec. 31, 2013
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	BUSINESS COMBINATIONS
	In December 2013, the Company acquired substantially all of the net assets of Texas Oilpatch Services Corporation, a Texas distributor of bearings, oil seals, power transmission products, and related replacement parts to the oilfield industry. The acquired business is included in the Service Center Based Distribution segment from December 31, 2013.
	The results of operations for this acquisition are not material for any period presented.

Goodwill_and_Intangibles

Goodwill and Intangibles	6 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
GOODWILL AND INTANGIBLES	'
	GOODWILL AND INTANGIBLES
	The changes in the carrying amount of goodwill for the six month period ended December 31, 2013 are as follows:
		Service Center Based Distribution			Fluid Power Businesses		Total
	Balance at July 1, 2013	$	105,920		$	929	$	106,849
	Goodwill acquired during the period	5,590					5,590
	Other, primarily currency translation	(1,083		)			(1,083		)
	Balance at December 31, 2013	$	110,427		$	929	$	111,356
	At December 31, 2013, accumulated goodwill impairment losses, subsequent to fiscal year 2002, totaled $36,605 and related to the Fluid Power Businesses segment.
	The Company’s intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
	December 31, 2013	Amount			Accumulated		Net Book
					Amortization		Value
	Finite-Lived Intangibles:
	Customer relationships	$	107,226		$	43,022	$	64,204
	Trade names	26,486			9,436		17,050
	Vendor relationships	15,297			5,977		9,320
	Non-competition agreements	2,789			1,694		1,095
	Total Intangibles	$	151,798		$	60,129	$	91,669
	June 30, 2013	Amount			Accumulated		Net Book
					Amortization		Value
	Finite-Lived Intangibles:
	Customer relationships	$	100,854		$	38,844	$	62,010
	Trade names	26,690			8,643		18,047
	Vendor relationships	15,433			5,443		9,990
	Non-competition agreements	4,743			3,523		1,220
	Total Intangibles	$	147,720		$	56,453	$	91,267
	Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.
	During the six month period ended December 31, 2013, the Company acquired intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:
		Acquisition Cost Allocation			Weighted-Average Life
	Customer relationships	$	7,000		20 years
	Trade names	120			5 years
	Non-competition agreements	250			5 years
	Total Intangibles Acquired	$	7,370		19 years
	Estimated future amortization expense by fiscal year (based on the Company’s intangible assets as of December 31, 2013) is as follows: $6,500 for the remainder of 2014, $12,000 for 2015, $11,000 for 2016, $10,200 for 2017, $9,000 for 2018 and $8,000 for 2019.

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	FAIR VALUE MEASUREMENTS
	Marketable securities measured at fair value at December 31, 2013 and June 30, 2013 totaled $11,582 and $10,483. 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 condensed consolidated balance sheets and their fair values were based upon quoted market prices (Level 1 in the fair value hierarchy).

Shareholders_Equity

Shareholders' Equity	6 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
SHAREHOLDERS' EQUITY	'
	SHAREHOLDERS' EQUITY
	Accumulated Other Comprehensive Income (Loss)
	Changes in the accumulated other comprehensive income (loss), are comprised of the following:
		Three Months Ended December 31, 2013
		Foreign currency translation adjustment			Unrealized gain (loss) on securities available for sale			Postemployment benefits			Total Accumulated other comprehensive income (loss)
	Balance at September 30, 2013	$	910		$	(29	)	$	(3,671	)	$	(2,790	)
	Other comprehensive income (loss)	(7,410		)	42						(7,368		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—			—			58			58
	Net current-period other comprehensive income (loss), net of taxes	(7,410		)	42			58			(7,310		)
	Balance at December 31, 2013	$	(6,500	)	$	13		$	(3,613	)	$	(10,100	)
		Six Months Ended December 31, 2013
		Foreign currency translation adjustment			Unrealized gain (loss) on securities available for sale			Postemployment benefits			Total Accumulated other comprehensive income (loss)
	Balance at July 1, 2013	$	360		$	(52	)	$	(3,729	)	$	(3,421	)
	Other comprehensive income (loss)	(6,860		)	65						(6,795		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—			—			116			116
	Net current-period other comprehensive income (loss), net of taxes	(6,860		)	65			116			(6,679		)
	Balance at December 31, 2013	$	(6,500	)	$	13		$	(3,613	)	$	(10,100	)
	Other Comprehensive Income (Loss)
	Details of other comprehensive income (loss) are as follows:
		Three Months Ended December 31,
		2013									2012
		Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)		Net Amount
	Foreign currency translation adjustments	$	(7,410	)	$	—		$	(7,410	)	$	(594	)	$	—	$	(594	)
	Postemployment benefits:
	Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	96			38			58			218			85		133
	Unrealized gain (loss) on investment securities available for sale	65			23			42			—			—		—
	Other comprehensive income (loss)	$	(7,249	)	$	61		$	(7,310	)	$	(376	)	$	85	$	(461	)
		Six Months Ended December 31,
		2013									2012
		Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)		Net Amount
	Foreign currency translation adjustments	$	(6,860	)	$	—		$	(6,860	)	$	8,408		$	—	$	8,408
	Postemployment benefits:
	Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	191			75			116			436			170		266
	Unrealized gain (loss) on investment securities available for sale	99			34			65			23			9		14
	Other comprehensive income (loss)	$	(6,570	)	$	109		$	(6,679	)	$	8,867		$	179	$	8,688
	Antidilutive Common Stock Equivalents
	In the three and six month periods ended December 31, 2013 and 2012, respectively, stock options and stock appreciation rights related to the acquisition of 272 and 171 shares of common stock in the three month periods and 272 and 171 shares of common stock in the six month periods were not included in the computation of diluted earnings per share for the periods then ended as they were anti-dilutive.

Benefit_Plans

Benefit Plans	6 Months Ended
	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'
BENEFIT PLANS	'
	BENEFIT PLANS
	The following table provides summary disclosures of the net periodic postemployment costs recognized for the Company’s postemployment benefit plans:
		Pension Benefits						Retiree Health Care
								Benefits
	Three Months Ended December 31,	2013			2012			2013			2012
	Components of net periodic cost:
	Service cost	$	19		$	20		$	12		$	20
	Interest cost	295			315			34			47
	Expected return on plan assets	(104		)	(101		)	—			—
	Recognized net actuarial loss (gain)	153			184			(10		)	(14		)
	Amortization of prior service cost	19			21			(67		)	27
	Net periodic cost	$	382		$	439		$	(31	)	$	80
		Pension Benefits						Retiree Health Care
								Benefits
	Six Months Ended December 31, 2013	2013			2012			2013			2012
	Components of net periodic cost:
	Service cost	$	38		$	39		$	24		$	40
	Interest cost	590			630			69			94
	Expected return on plan assets	(208		)	(202		)	—			—
	Recognized net actuarial loss (gain)	306			368			(19		)	(27		)
	Amortization of prior service cost	39			42			(135		)	54
	Net periodic cost	$	765		$	877		$	(61	)	$	161
	The Company contributed $5,295 to its pension benefit plans and $100 to its retiree health care plans in the six months ended December 31, 2013. Expected contributions for the remainder of fiscal 2014 are $1,400 for the pension benefit plans to fund scheduled retirement payments and $150 for retiree health care plans.

Segment_and_Geographic_Informa

Segment and Geographic Information	6 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
SEGMENT AND GEOGRAPHIC INFORMATION	'
	SEGMENT AND GEOGRAPHIC INFORMATION
	The accounting policies of the Company’s reportable segments are generally the same as those used to prepare the condensed consolidated financial statements. Sales primarily from the Fluid Power Businesses segment to the Service Center Based Distribution segment of $5,681 and $4,803, in the three months ended December 31, 2013 and 2012, respectively, and $11,110 and $8,732 in the six months ended December 31, 2013 and 2012, respectively, have been eliminated in the Segment Financial Information tables below.
	Three Months Ended	Service Center Based Distribution			Fluid Power Businesses			Total
	December 31, 2013
	Net sales	$	465,955		$	115,994		$	581,949
	Operating income for reportable segments	25,569			10,364			35,933
	Depreciation and amortization of property	2,988			373			3,361
	Capital expenditures	2,340			215			2,555
	December 31, 2012
	Net sales	$	480,476		$	109,041		$	589,517
	Operating income for reportable segments	28,367			8,615			36,982
	Depreciation and amortization of property	2,565			449			3,014
	Capital expenditures	2,880			71			2,951
	Six Months Ended	Service Center Based Distribution			Fluid Power Businesses			Total
	December 31, 2013
	Net sales	$	958,027		$	229,227		$	1,187,254
	Operating income for reportable segments	53,941			19,821			73,762
	Assets used in business	864,996			209,163			1,074,159
	Depreciation and amortization of property	5,987			805			6,792
	Capital expenditures	3,734			392			4,126
	December 31, 2012
	Net sales	$	978,302		$	221,734		$	1,200,036
	Operating income for reportable segments	62,088			19,151			81,239
	Assets used in business	834,839			202,787			1,037,626
	Depreciation and amortization of property	5,129			907			6,036
	Capital expenditures	6,594			249			6,843
	Enterprise Resource Planning system (ERP) related assets are included in assets used in business and capital expenditures within the Service Center Based Distribution segment. Expenses associated with the ERP are included in Corporate and other expense (income) net, line in the reconciliation of operating income for reportable segments to the consolidated income before income taxes table below.
	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,
		2013			2012			2013			2012
	Operating income for reportable segments	$	35,933		$	36,982		$	73,762		$	81,239
	Adjustment for:
	Intangible amortization—Service Center Based Distribution	1,887			1,304			3,382			2,527
	Intangible amortization—Fluid Power Businesses	1,194			1,847			2,948			3,680
	Corporate and other expense (income), net	(6,985		)	(6,738		)	(11,944		)	(9,855		)
	Total operating income	39,837			40,569			79,376			84,887
	Interest (income) expense, net	(152		)	15			(91		)	40
	Other (income) expense, net	(270		)	(427		)	(1,361		)	(886		)
	Income before income taxes	$	40,259		$	40,981		$	80,828		$	85,733
	The change in corporate and other expense (income), net is due to changes in the amounts and levels of expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support and other items.
	Net sales are presented in geographic areas based on the location of the facility shipping the product and are as follows:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013			2012
	Geographic Areas:
	United States	$	479,488		$	478,318		$	980,539		$	977,854
	Canada	67,770			74,140			137,517			148,351
	Other countries	34,691			37,059			69,198			73,831
	Total	$	581,949		$	589,517		$	1,187,254		$	1,200,036
	Other countries consisted of Mexico, Australia and New Zealand.

Other_Income_Expense_Net

Other (Income) Expense, Net	6 Months Ended
	Dec. 31, 2013
Other Income and Expenses [Abstract]	'
OTHER (INCOME) EXPENSE, NET	'
	OTHER (INCOME) EXPENSE , NET
	Other (income) expense, net consists of the following:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013			2012
	Unrealized (gain) loss on assets held in rabbi trust for a nonqualified deferred compensation plan	$	(649	)	$	(140	)	$	(1,245	)	$	(580	)
	Foreign currency transaction (gains) losses	302			(343		)	907			(425		)
	Elimination of one-month Canadian reporting lag effective July 1, 2013	—			—			(1,167		)	—
	Other, net	77			56			144			119
	Total other income, net	$	(270	)	$	(427	)	$	(1,361	)	$	(886	)

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	6 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	Change in Accounting Principle - Alignment of Canadian Subsidiary Reporting
	Effective July 1, 2013, the Company aligned the consolidation of the Company’s Canadian subsidiary in the consolidated financial statements which previously included results on a one month reporting lag. The Company believes that this change in accounting principle is preferable as it provides contemporaneous reporting within our consolidated financial statements. In accordance with applicable accounting literature, the elimination of a one month reporting lag of a subsidiary is treated as a change in accounting principle and requires retrospective application. The Company has determined that the effect of this change is not material to the financial statements for all periods presented and therefore, the Company has not presented retrospective application of this change. The net impact of the lag elimination of $1.2 million of income for the month of June 2013 has been included within “Other (Income) Expense, net” on the Statement of Consolidated Income for the six months ended December 31, 2013. The three months ended December 31, 2013 reflect the same results, had the financial statements been retrospectively adjusted. The six months ended December 31, 2013 reflect the same results, had the financial statements been retrospectively adjusted, with the exception of net income which would have decreased $1.2 million. Net sales, operating income and net income for the three months ended December 31, 2012, would have decreased by $1.4 million, $0.4 million and $0.3 million respectively had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the six months ended December 31, 2012, would have decreased by $2.9 million, $1.2 million and $1.2 million respectively had the financial statements been retrospectively adjusted.
Inventory	'
	Inventory
	The Company uses the last-in, first-out (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 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
Reclassifications [Text Block]	'
	Reclassifications
	Certain reclassifications have been made to the prior year financial statements to conform to the 2014 presentation

Goodwill_and_Intangibles_Table

Goodwill and Intangibles (Tables)	6 Months Ended
	Dec. 31, 2013
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 the six month period ended December 31, 2013 are as follows:
		Service Center Based Distribution			Fluid Power Businesses		Total
	Balance at July 1, 2013	$	105,920		$	929	$	106,849
	Goodwill acquired during the period	5,590					5,590
	Other, primarily currency translation	(1,083		)			(1,083		)
	Balance at December 31, 2013	$	110,427		$	929	$	111,356
	At December 31, 2013, accumulated goodwill impairment losses, subsequent to fiscal year 2002, totaled $36,605 and related to the Fluid Power Businesses segment.
Schedule of Intangible Assets	'
	The Company’s intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
	December 31, 2013	Amount			Accumulated		Net Book
					Amortization		Value
	Finite-Lived Intangibles:
	Customer relationships	$	107,226		$	43,022	$	64,204
	Trade names	26,486			9,436		17,050
	Vendor relationships	15,297			5,977		9,320
	Non-competition agreements	2,789			1,694		1,095
	Total Intangibles	$	151,798		$	60,129	$	91,669
	June 30, 2013	Amount			Accumulated		Net Book
					Amortization		Value
	Finite-Lived Intangibles:
	Customer relationships	$	100,854		$	38,844	$	62,010
	Trade names	26,690			8,643		18,047
	Vendor relationships	15,433			5,443		9,990
	Non-competition agreements	4,743			3,523		1,220
	Total Intangibles	$	147,720		$	56,453	$	91,267
	Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	'
	During the six month period ended December 31, 2013, the Company acquired intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:
		Acquisition Cost Allocation			Weighted-Average Life
	Customer relationships	$	7,000		20 years
	Trade names	120			5 years
	Non-competition agreements	250			5 years
	Total Intangibles Acquired	$	7,370		19 years

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	6 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	Accumulated Other Comprehensive Income (Loss)
	Changes in the accumulated other comprehensive income (loss), are comprised of the following:
		Three Months Ended December 31, 2013
		Foreign currency translation adjustment			Unrealized gain (loss) on securities available for sale			Postemployment benefits			Total Accumulated other comprehensive income (loss)
	Balance at September 30, 2013	$	910		$	(29	)	$	(3,671	)	$	(2,790	)
	Other comprehensive income (loss)	(7,410		)	42						(7,368		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—			—			58			58
	Net current-period other comprehensive income (loss), net of taxes	(7,410		)	42			58			(7,310		)
	Balance at December 31, 2013	$	(6,500	)	$	13		$	(3,613	)	$	(10,100	)
		Six Months Ended December 31, 2013
		Foreign currency translation adjustment			Unrealized gain (loss) on securities available for sale			Postemployment benefits			Total Accumulated other comprehensive income (loss)
	Balance at July 1, 2013	$	360		$	(52	)	$	(3,729	)	$	(3,421	)
	Other comprehensive income (loss)	(6,860		)	65						(6,795		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—			—			116			116
	Net current-period other comprehensive income (loss), net of taxes	(6,860		)	65			116			(6,679		)
	Balance at December 31, 2013	$	(6,500	)	$	13		$	(3,613	)	$	(10,100	)
Schedule of Comprehensive Income (Loss) [Table Text Block]	'
	Details of other comprehensive income (loss) are as follows:
		Three Months Ended December 31,
		2013									2012
		Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)		Net Amount
	Foreign currency translation adjustments	$	(7,410	)	$	—		$	(7,410	)	$	(594	)	$	—	$	(594	)
	Postemployment benefits:
	Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	96			38			58			218			85		133
	Unrealized gain (loss) on investment securities available for sale	65			23			42			—			—		—
	Other comprehensive income (loss)	$	(7,249	)	$	61		$	(7,310	)	$	(376	)	$	85	$	(461	)
		Six Months Ended December 31,
		2013									2012
		Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)		Net Amount
	Foreign currency translation adjustments	$	(6,860	)	$	—		$	(6,860	)	$	8,408		$	—	$	8,408
	Postemployment benefits:
	Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	191			75			116			436			170		266
	Unrealized gain (loss) on investment securities available for sale	99			34			65			23			9		14
	Other comprehensive income (loss)	$	(6,570	)	$	109		$	(6,679	)	$	8,867		$	179	$	8,688

Benefit_Plans_Tables

Benefit Plans (Tables)	6 Months Ended
	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'
Net periodic costs	'
	The following table provides summary disclosures of the net periodic postemployment costs recognized for the Company’s postemployment benefit plans:
		Pension Benefits						Retiree Health Care
								Benefits
	Three Months Ended December 31,	2013			2012			2013			2012
	Components of net periodic cost:
	Service cost	$	19		$	20		$	12		$	20
	Interest cost	295			315			34			47
	Expected return on plan assets	(104		)	(101		)	—			—
	Recognized net actuarial loss (gain)	153			184			(10		)	(14		)
	Amortization of prior service cost	19			21			(67		)	27
	Net periodic cost	$	382		$	439		$	(31	)	$	80
		Pension Benefits						Retiree Health Care
								Benefits
	Six Months Ended December 31, 2013	2013			2012			2013			2012
	Components of net periodic cost:
	Service cost	$	38		$	39		$	24		$	40
	Interest cost	590			630			69			94
	Expected return on plan assets	(208		)	(202		)	—			—
	Recognized net actuarial loss (gain)	306			368			(19		)	(27		)
	Amortization of prior service cost	39			42			(135		)	54
	Net periodic cost	$	765		$	877		$	(61	)	$	161

Segment_and_Geographic_Informa1

Segment and Geographic Information (Tables)	6 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment financial information	'
	Three Months Ended	Service Center Based Distribution			Fluid Power Businesses			Total
	December 31, 2013
	Net sales	$	465,955		$	115,994		$	581,949
	Operating income for reportable segments	25,569			10,364			35,933
	Depreciation and amortization of property	2,988			373			3,361
	Capital expenditures	2,340			215			2,555
	December 31, 2012
	Net sales	$	480,476		$	109,041		$	589,517
	Operating income for reportable segments	28,367			8,615			36,982
	Depreciation and amortization of property	2,565			449			3,014
	Capital expenditures	2,880			71			2,951
	Six Months Ended	Service Center Based Distribution			Fluid Power Businesses			Total
	December 31, 2013
	Net sales	$	958,027		$	229,227		$	1,187,254
	Operating income for reportable segments	53,941			19,821			73,762
	Assets used in business	864,996			209,163			1,074,159
	Depreciation and amortization of property	5,987			805			6,792
	Capital expenditures	3,734			392			4,126
	December 31, 2012
	Net sales	$	978,302		$	221,734		$	1,200,036
	Operating income for reportable segments	62,088			19,151			81,239
	Assets used in business	834,839			202,787			1,037,626
	Depreciation and amortization of property	5,129			907			6,036
	Capital expenditures	6,594			249			6,843
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,
		2013			2012			2013			2012
	Operating income for reportable segments	$	35,933		$	36,982		$	73,762		$	81,239
	Adjustment for:
	Intangible amortization—Service Center Based Distribution	1,887			1,304			3,382			2,527
	Intangible amortization—Fluid Power Businesses	1,194			1,847			2,948			3,680
	Corporate and other expense (income), net	(6,985		)	(6,738		)	(11,944		)	(9,855		)
	Total operating income	39,837			40,569			79,376			84,887
	Interest (income) expense, net	(152		)	15			(91		)	40
	Other (income) expense, net	(270		)	(427		)	(1,361		)	(886		)
	Income before income taxes	$	40,259		$	40,981		$	80,828		$	85,733
Net sales are presented in geographic areas	'
	Net sales are presented in geographic areas based on the location of the facility shipping the product and are as follows:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013			2012
	Geographic Areas:
	United States	$	479,488		$	478,318		$	980,539		$	977,854
	Canada	67,770			74,140			137,517			148,351
	Other countries	34,691			37,059			69,198			73,831
	Total	$	581,949		$	589,517		$	1,187,254		$	1,200,036
	Other countries consisted of Mexico, Australia and New Zealand

Other_Income_Expense_Net_Table

Other (Income) Expense, Net (Tables)	6 Months Ended
	Dec. 31, 2013
Other Income and Expenses [Abstract]	'
Other expense (income), net	'
	Other (income) expense, net consists of the following:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013			2012
	Unrealized (gain) loss on assets held in rabbi trust for a nonqualified deferred compensation plan	$	(649	)	$	(140	)	$	(1,245	)	$	(580	)
	Foreign currency transaction (gains) losses	302			(343		)	907			(425		)
	Elimination of one-month Canadian reporting lag effective July 1, 2013	—			—			(1,167		)	—
	Other, net	77			56			144			119
	Total other income, net	$	(270	)	$	(427	)	$	(1,361	)	$	(886	)

Basis_of_Presentation_Changes_

Basis of Presentation Changes in Accounting Principle (Details) (USD $)	6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012
		Net Sales Impact [Member] [Member]	Net Sales Impact [Member] [Member]	Operating Income Impact [Member]	Operating Income Impact [Member]	Net Income Impact [Member]	Net Income Impact [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'	'	'	'	'	'	'
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income	$1,167,000	'	'	'	'	'	'
Impact of Retrospective Adjustment	'	$1,400,000	$2,900,000	$400,000	$1,200,000	$300,000	$1,200,000

Goodwill_and_Intangibles_Detai

Goodwill and Intangibles (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Changes in the carrying amount of goodwill by reportable segment	'
Balance at July 1, 2013	$106,849
Goodwill acquired during the period	5,590
Other, primarily currency translation	-1,083
Balance at December 31, 2013	111,356
Service Center Based Distribution Segment [Member]	'
Changes in the carrying amount of goodwill by reportable segment	'
Balance at July 1, 2013	105,920
Goodwill acquired during the period	5,590
Other, primarily currency translation	-1,083
Balance at December 31, 2013	110,427
Fluid Power Businesses Segment [Member]	'
Changes in the carrying amount of goodwill by reportable segment	'
Balance at July 1, 2013	929
Goodwill acquired during the period	'
Other, primarily currency translation	'
Balance at December 31, 2013	$929

Goodwill_and_Intangibles_Detai1

Goodwill and Intangibles (Details 1) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Amortization details resulting from business combinations	'	'
Amount	$151,798	$147,720
Accumulated Amortization	60,129	56,453
Net Book Value	91,669	91,267
Total Intangible	91,669	91,267
Customer relationships	'	'
Amortization details resulting from business combinations	'	'
Amount	107,226	100,854
Accumulated Amortization	43,022	38,844
Net Book Value	64,204	62,010
Trade names	'	'
Amortization details resulting from business combinations	'	'
Amount	26,486	26,690
Accumulated Amortization	9,436	8,643
Net Book Value	17,050	18,047
Vendor relationships	'	'
Amortization details resulting from business combinations	'	'
Amount	15,297	15,433
Accumulated Amortization	5,977	5,443
Net Book Value	9,320	9,990
Non-competition agreements	'	'
Amortization details resulting from business combinations	'	'
Amount	2,789	4,743
Accumulated Amortization	1,694	3,523
Net Book Value	$1,095	$1,220

Goodwill_and_Intangibles_Goodw

Goodwill and Intangibles Goodwill and Intangibles (Details 2) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquisition Cost Allocation	$7,370
Weighted-Average Life	'19 years
Customer Relationships [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquisition Cost Allocation	7,000
Weighted-Average Life	'20 years
Trade Names [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquisition Cost Allocation	120
Weighted-Average Life	'5 years
Noncompete Agreements [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquisition Cost Allocation	$250
Weighted-Average Life	'5 years

Goodwill_and_Intangibles_Detai2

Goodwill and Intangibles (Details Textuals) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Goodwill and Intangibles (Textuals) [Abstract]	'
Amortization expense for the remainder of 2014	$6,500
Amortization expense for 2015	12,000
Amortization expense for 2016	11,000
Amortization expense for 2017	10,200
Amortization expense for 2018	9,000
Amortization expense for 2019	8,000
Fluid Power Businesses [Member]	'
Goodwill [Line Items]	'
Accumulated goodwill impairment losses	$36,605

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (Level 1 [Member], Recurring [Member], USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Level 1 [Member] | Recurring [Member]	'	'
Fair Value Measurements (Textuals) [Line Items]	'	'
Marketable securities	$11,582	$10,483

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textuals ) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	'	'	($3,421)	'
Other comprehensive income (loss), unrealized gain (loss) on securities available for sale)	42	0	65	14
Net current-period other comprehensive income (loss), net of taxes, foreign currency translation adjustment	-7,410	-594	-6,860	8,408
Net current-period other comprehensive income (loss), net of taxes, total accumulated other comprehensive income (loss)	-7,310	-461	-6,679	8,688
Balance at December 31, 2013	-10,100	'	-10,100	'
Foreign Currency Translation Adjustment [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	910	'	360	'
Other comprehensive income (loss), foreign currency translation adjustment	-7,410	'	-6,860	'
Amounts reclassified from accumulated other comprehensive income (loss)	0	'	0	'
Net current-period other comprehensive income (loss), net of taxes, foreign currency translation adjustment	-7,410	'	-6,860	'
Balance at December 31, 2013	-6,500	'	-6,500	'
Unrealized gain (loss) on securities available for sale [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	-29	'	-52	'
Other comprehensive income (loss), unrealized gain (loss) on securities available for sale)	42	'	65	'
Amounts reclassified from accumulated other comprehensive income (loss)	0	'	0	'
Net current-period other comprehensive income (loss), net of taxes, Unrealized gain (loss) on securities available for sale	42	'	65	'
Balance at December 31, 2013	13	'	13	'
Postemployment benefits [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	-3,671	'	-3,729	'
Other Comprehensive Income (Loss), Postemployment Benefits, Net of Tax, Before Reclassification Adjustments	'	'	'	'
Amounts reclassified from accumulated other comprehensive income (loss)	58	'	116	'
Net current-period other comprehensive income (loss), net of taxes, postemployment benefits	58	'	116	'
Balance at December 31, 2013	-3,613	'	-3,613	'
Total Accumulated other comprehensive income (loss) [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	-2,790	'	-3,421	'
Other comprehensive income (loss), total accumulated other comprehensive income (loss)	-7,368	'	-6,795	'
Amounts reclassified from accumulated other comprehensive income (loss)	58	'	116	'
Net current-period other comprehensive income (loss), net of taxes, total accumulated other comprehensive income (loss)	-7,310	'	-6,679	'
Balance at December 31, 2013	($10,100)	'	($10,100)	'

Shareholders_Equity_Other_Comp

Shareholders' Equity Other Comprehensive Income (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Equity [Abstract]	'	'	'	'
Foreign currency translation adjustments, before Tax	($7,410)	($594)	($6,860)	$8,408
Foreign currency translation adjustments, Tax	0	0	0	0
Foreign currency translation adjustments, Net of Tax	-7,410	-594	-6,860	8,408
Postemployment benefits:	'	'	'	'
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs, before tax	96	218	191	436
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs, tax	38	85	75	170
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs, net of tax	58	133	116	266
Unrealized gain (loss) on investment securities available for sale, before Tax	65	0	99	23
Unrealized gain (loss) on investment securities available for sale, Tax	23	0	34	9
Unrealized gain (loss) on investment securities available for sale, Net of Tax	42	0	65	14
Other comprehensive income (loss), before tax	-7,249	-376	-6,570	8,867
Other comprehensive income (loss), tax	61	85	109	179
Other comprehensive income (loss), net of tax	($7,310)	($461)	($6,679)	$8,688

Shareholders_Equity_Antidiluti

Shareholders' Equity Antidilutive Shares (Details Textuals)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Equity [Abstract]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	272	171	272	171

Benefit_Plans_Details

Benefit Plans (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Pension Benefits [Member]	'	'	'	'
Components of net periodic cost:	'	'	'	'
Service cost	$19	$20	$38	$39
Interest cost	295	315	590	630
Expected return on plan assets	-104	-101	-208	-202
Recognized net actuarial loss (gain)	153	184	306	368
Amortization of prior service cost	19	21	39	42
Net periodic cost	382	439	765	877
Retiree Health Care Benefits [Member]	'	'	'	'
Components of net periodic cost:	'	'	'	'
Service cost	12	20	24	40
Interest cost	34	47	69	94
Expected return on plan assets	0	0	0	0
Recognized net actuarial loss (gain)	-10	-14	-19	-27
Amortization of prior service cost	-67	27	-135	54
Net periodic cost	($31)	$80	($61)	$161

Benefit_Plans_Details_Textuals

Benefit Plans (Details Textuals) (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Jun. 30, 2014
Pension Plans, Defined Benefit [Member]	'	'
Benefit Plans (Textuals) [Abstract]	'	'
Contribution to benefit plan	$5,295	'
Expected contribution to benefit plans for remainder of fiscal year	'	1,400
Retiree Health Care Benefits [Member]	'	'
Benefit Plans (Textuals) [Abstract]	'	'
Contribution to benefit plan	100	'
Expected contribution to benefit plans for remainder of fiscal year	'	$150

Segment_and_Geographic_Informa2

Segment and Geographic Information (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2013
Segment financial information	'	'	'	'	'
Net sales	$581,949	$589,517	$1,187,254	$1,200,036	'
Operating income for reportable segments	39,837	40,569	79,376	84,887	'
Assets used in business	1,074,159	1,037,626	1,074,159	1,037,626	1,058,706
Depreciation and amortization of property	3,361	3,014	6,792	6,036	'
Capital expenditures	2,555	2,951	4,126	6,843	'
Operating Segments [Member]	'	'	'	'	'
Segment financial information	'	'	'	'	'
Operating income for reportable segments	35,933	36,982	73,762	81,239	'
Service Center Based Distribution [Member]	'	'	'	'	'
Segment financial information	'	'	'	'	'
Net sales	465,955	480,476	958,027	978,302	'
Operating income for reportable segments	25,569	28,367	53,941	62,088	'
Assets used in business	864,996	834,839	864,996	834,839	'
Depreciation and amortization of property	2,988	2,565	5,987	5,129	'
Capital expenditures	2,340	2,880	3,734	6,594	'
Fluid Power Businesses [Member]	'	'	'	'	'
Segment financial information	'	'	'	'	'
Net sales	115,994	109,041	229,227	221,734	'
Operating income for reportable segments	10,364	8,615	19,821	19,151	'
Assets used in business	209,163	202,787	209,163	202,787	'
Depreciation and amortization of property	373	449	805	907	'
Capital expenditures	$215	$71	$392	$249	'

Segment_and_Geographic_Informa3

Segment and Geographic Information (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	'	'	'	'
Total operating income	$39,837	$40,569	$79,376	$84,887
Adjustment for:	'	'	'	'
Intangible amortization	'	'	6,330	6,207
Corporate and other expense (income), net	-6,985	-6,738	-11,944	-9,855
Interest (Income) Expense, net	-152	15	-91	40
Other Income, net	-270	-427	-1,361	-886
Income before income taxes	40,259	40,981	80,828	85,733
Operating Segments [Member]	'	'	'	'
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	'	'	'	'
Total operating income	35,933	36,982	73,762	81,239
Service Center Based Distribution [Member]	'	'	'	'
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	'	'	'	'
Total operating income	25,569	28,367	53,941	62,088
Adjustment for:	'	'	'	'
Intangible amortization	1,887	1,304	3,382	2,527
Fluid Power Businesses [Member]	'	'	'	'
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	'	'	'	'
Total operating income	10,364	8,615	19,821	19,151
Adjustment for:	'	'	'	'
Intangible amortization	$1,194	$1,847	$2,948	$3,680

Segment_and_Geographic_Informa4

Segment and Geographic Information (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Net sales are presented in geographic areas	'	'	'	'
Net Sales	$581,949	$589,517	$1,187,254	$1,200,036
United States	'	'	'	'
Net sales are presented in geographic areas	'	'	'	'
Net Sales	479,488	478,318	980,539	977,854
Canada	'	'	'	'
Net sales are presented in geographic areas	'	'	'	'
Net Sales	67,770	74,140	137,517	148,351
Other countries	'	'	'	'
Net sales are presented in geographic areas	'	'	'	'
Net Sales	$34,691	$37,059	$69,198	$73,831

Segment_and_Geographic_Informa5

Segment and Geographic Information (Details Textuals) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Segment and Geographic Information (Textuals) [Abstract]	'	'	'	'
Sales primarily from businesses segment	$5,681	$4,803	$11,110	$8,732

Other_Income_Expense_Net_Detai

Other (Income) Expense, Net (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Other Income and Expenses [Abstract]	'	'	'	'
Unrealized (gain) loss on assets held in rabbi trust for a nonqualified deferred compensation plan	($649)	($140)	($1,245)	($580)
Foreign currency transaction (gains) losses	302	-343	907	-425
Elimination of one-month Canadian reporting lag effective July 1, 2013	'	'	-1,167	'
Other, net	77	56	144	119
Total other income, net	($270)	($427)	($1,361)	($886)