Applied Industrial (AIT) 10-Q 5 May 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 31, 2014	Apr. 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-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	41,771,644

Condensed_Statements_of_Consol

Condensed Statements of Consolidated Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'	'	'
Net Sales	$618,006	$621,654	$1,805,260	$1,821,690
Cost of Sales	446,786	447,254	1,300,862	1,319,838
Gross Profit	171,220	174,400	504,398	501,852
Selling, Distribution and Administrative, including depreciation	131,047	130,923	384,849	373,488
Operating Income	40,173	43,477	119,549	128,364
Interest Expense, net	-11	107	-102	147
Other (Income) Expense, net	-388	-1,027	-1,749	-1,913
Income Before Income Taxes	40,572	44,397	121,400	130,130
Income Tax Expense	10,178	15,095	38,253	44,253
Net Income	$30,394	$29,302	$83,147	$85,877
Net Income Per Share - Basic	$0.73	$0.70	$1.98	$2.04
Net Income Per Share - Diluted	$0.72	$0.69	$1.96	$2.02
Cash dividends per common share	$0.25	$0.23	$0.71	$0.65
Weighted average common shares outstanding for basic computation	41,880	42,098	42,039	42,038
Dilutive effect of potential common shares	362	472	399	479
Weighted average common shares outstanding for diluted computation	42,242	42,570	42,438	42,517

Condensed_Statements_of_Consol1

Condensed Statements of Consolidated Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Net income per the condensed statements of consolidated income	$30,394	$29,302	$83,147	$85,877
Other comprehensive income (loss), before tax:	'	'	'	'
Foreign currency translation adjustments	-3,876	-5,466	-10,736	2,941
Postemployment benefits:	'	'	'	'
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	96	218	287	654
Unrealized gain (loss) on investment securities available for sale	49	42	148	65
Total of other comprehensive income (loss), before tax	-3,731	-5,206	-10,301	3,660
Income tax expense related to items of other comprehensive income	53	99	162	278
Other comprehensive income (loss), net of tax	-3,784	-5,305	-10,463	3,382
Comprehensive income, net of tax	$26,610	$23,997	$72,684	$89,259

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$69,086	$73,164
Accounts receivable, less allowances of $8,479 and $7,737	344,096	329,880
Inventories	320,045	281,417
Other current assets	41,284	52,819
Total current assets	774,511	737,280
Property, less accumulated depreciation of $157,454 and $157,506	78,834	83,243
Intangibles, net	88,368	91,267
Goodwill	111,201	106,849
Deferred tax assets	23,792	21,026
Other assets	19,945	19,041
TOTAL ASSETS	1,096,651	1,058,706
Current liabilities	'	'
Accounts payable	145,352	136,575
Short-term debt	30,000	0
Compensation and related benefits	46,849	63,899
Other current liabilities	46,022	45,426
Total current liabilities	268,223	245,900
Postemployment benefits	25,197	30,919
Other liabilities	22,159	22,272
TOTAL LIABILITIES	315,579	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	156,495	153,893
Income retained for use in the business	877,547	824,362
Treasury shares—at cost (12,396 and 12,044 shares)	-249,086	-225,219
Accumulated other comprehensive income (loss)	-13,884	-3,421
TOTAL SHAREHOLDERS’ EQUITY	781,072	759,615
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$1,096,651	$1,058,706

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, except Share data, unless otherwise specified
Current Assets:	'	'
Accounts Receivable, less allowances	$8,479	$7,737
Noncurrent Assets:	'	'
Property, less accumulated depreciation	$157,454	$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	12,396,000	12,044,000

Condensed_Statements_of_Consol2

Condensed Statements of Consolidated Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash Flows from Operating Activities	'	'
Net income	$83,147	$85,877
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization of property	10,119	9,234
Amortization of intangibles	9,518	9,716
Unrealized foreign exchange transactions loss (gain)	136	-624
Amortization of stock options and appreciation rights	1,703	1,959
Gain on sale of property	37	-223
Other share-based compensation expense	2,946	2,873
Changes in operating assets and liabilities, net of acquisitions	-60,451	-39,787
Other, net	-2,829	31
Net Cash provided by Operating Activities	44,326	69,056
Cash Flows from Investing Activities	'	'
Property purchases	-6,492	-9,836
Proceeds from property sales	348	737
Net cash paid for acquisition of businesses, net of cash acquired	-17,000	-67,591
Net Cash used in Investing Activities	-23,144	-76,690
Cash Flows from Financing Activities	'	'
Borrowings under revolving credit facility	30,000	'
Purchases of treasury shares	-23,992	0
Dividends paid	-29,961	-27,468
Excess tax benefits from share-based compensation	2,525	1,718
Acquisition holdback payments	-1,824	-3,576
Exercise of stock options and appreciation rights	95	498
Net Cash provided by (used in) Financing Activities	-23,157	-28,828
Effect of Exchange Rate Changes on Cash	-2,103	1,103
Decrease in Cash and Cash Equivalents	-4,078	-35,359
Cash and Cash Equivalents at Beginning of Period	73,164	78,442
Cash and Cash Equivalents at End of Period	$69,086	$43,083

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2014
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 March 31, 2014, and the results of its operations for the three and nine month periods ended March 31, 2014 and 2013 and its cash flows for the nine months ended March 31, 2014 and 2013, 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 nine month periods ended March 31, 2014 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 $1,200 of income for the month of June 2013 has been included within “Other (Income) Expense, net” on the Statement of Consolidated Income for the nine months ended March 31, 2014. The three months ended March 31, 2014 reflect the same results, had the financial statements been retrospectively adjusted. The nine months ended March 31, 2014 reflect the same results, had the financial statements been retrospectively adjusted, with the exception of net income which would have decreased $1,200. Net sales, operating income and net income for the three months ended March 31, 2013, would have increased by $3,500, $800 and $700 respectively had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the nine months ended March 31, 2013, would have increased by $500 and decreased by $400 and $400 respectively had the financial statements been retrospectively adjusted.
	Change in Accounting Principle - Alignment of Mexican Subsidiary Reporting
	Effective January 1, 2014, the Company aligned the consolidation of the Company’s Mexican 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 $200 of income for the month of December 2013 has been included within “Other (Income) Expense, net” on the Statement of Consolidated Income for the three and nine months ended March 31, 2014. The three months ended March 31, 2014 reflect the same results, had the financial statements been retrospectively adjusted, with the exception of net income which would have decreased $200. Net sales, operating income and net income for the nine months ended March 31, 2014 would have decreased by $1,100, $100 and $300 had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the three months ended March 31, 2013, would have increased by $800, and decreased by $200 and $300 respectively had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the nine months ended March 31, 2013, would have decreased by $1,000, $600 and $500 respectively had the financial statements been retrospectively adjusted.
	Impact of Changes in Accounting Principle - Alignment of Subsidiary Reporting
	The Company has determined that the effect of both the Canadian and Mexican reporting lag eliminations is not material to the financial statements for all periods presented and therefore, the Company has not presented retrospective application of these changes. All subsidiary reporting is now aligned with that of the consolidated financial statements.
	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	9 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	BUSINESS COMBINATION
	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	9 Months Ended
	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
GOODWILL AND INTANGIBLES	'
	GOODWILL AND INTANGIBLES
	The changes in the carrying amount of goodwill for both the Service Center Based Distribution segment and the Fluid Power Businesses segment for the nine month period ended March 31, 2014 are as follows:
		Service Centers			Fluid Power			Total
	Balance at July 1, 2013	$	105,920		$	929		$	106,849
	Goodwill acquired during the period	5,727						5,727
	Other, primarily currency translation	(1,375		)				(1,375		)
	Balance at March 31, 2014	$	110,272		$	929		$	111,201
	At March 31, 2014, accumulated goodwill impairment losses, subsequent to fiscal year 2002, totaled $36,605 and related to the Fluid Power Businesses segment.
	The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
	March 31, 2014		Amount			Accumulated			Net Book
						Amortization			Value
	Finite-Lived Intangibles:
	Customer relationships		$	106,173		$	44,496		$	61,677
	Trade names		26,314			9,755			16,559
	Vendor relationships		15,365			6,292			9,073
	Non-competition agreements		2,204			1,145			1,059
	Total Intangibles		$	150,056		$	61,688		$	88,368
	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 nine month period ended March 31, 2014, 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		$	6,940		20 years
	Trade names		160			5 years
	Non-competition agreements		310			5 years
	Total Intangibles Acquired		$	7,410		19 years
	Estimated future amortization expense by fiscal year (based on the Company’s identifiable intangible assets as of March 31, 2014) for the next five years is as follows: $3,200 for the remainder of 2014, $12,100 for 2015, $11,000 for 2016, $10,300 for 2017, $9,000 for 2018 and $8,000 for 2019.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	FAIR VALUE MEASUREMENTS
	Marketable securities measured at fair value at March 31, 2014 and June 30, 2013 totaled $10,719 and $10,483, respectively. 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 based upon quoted market prices in an active market (Level 1 in the fair value hierarchy).

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Mar. 31, 2014
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 March 31, 2014
		Foreign currency translation adjustment			Unrealized gain (loss) on securities available for sale			Postemployment benefits			Total Accumulated other comprehensive income (loss)
	Balance at December 31, 2013	$	(6,500	)	$	13		$	(3,613	)	$	(10,100	)
	Other comprehensive income (loss)	(3,876		)	33						(3,843		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—						59			59
	Net current-period other comprehensive income (loss), net of taxes	(3,876		)	33			59			(3,784		)
	Balance at March 31, 2014	$	(10,376	)	$	46		$	(3,554	)	$	(13,884	)
		Nine Months Ended March 31, 2014
		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)	(10,736		)	98						(10,638		)
	Amounts reclassified from accumulated other comprehensive income (loss)							175			175
	Net current-period other comprehensive income (loss), net of taxes	(10,736		)	98			175			(10,463		)
	Balance at March 31, 2014	$	(10,376	)	$	46		$	(3,554	)	$	(13,884	)
	Other Comprehensive Income (Loss)
	Details of other comprehensive income (loss) are as follows:
		Three Months Ended March 31,
		2014									2013
		Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)		Net Amount
	Foreign currency translation adjustments	$	(3,876	)	$	—		$	(3,876	)	$	(5,466	)	$	—	$	(5,466	)
	Postemployment benefits:
	Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	96			37			59			218			85		133
	Unrealized gain (loss) on investment securities available for sale	49			16			33			42			14		28
	Other comprehensive income (loss)	$	(3,731	)	$	53		$	(3,784	)	$	(5,206	)	$	99	$	(5,305	)
		Nine Months Ended March 31,
		2014									2013
		Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)		Net Amount
	Foreign currency translation adjustments	$	(10,736	)	$	—		$	(10,736	)	$	2,941		$	—	$	2,941
	Postemployment benefits:
	Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	287			112			175			654			255		399
	Unrealized gain (loss) on investment securities available for sale	148			50			98			65			23		42
	Other comprehensive income (loss)	$	(10,301	)	$	162		$	(10,463	)	$	3,660		$	278	$	3,382
	Antidilutive Common Stock Equivalents
	In the three and nine month periods ended March 31, 2014 and 2013, respectively, stock options and stock appreciation rights related to the acquisition of 306 and 180 shares of common stock in the three month periods and 306 and 208 shares of common stock in the nine 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	9 Months Ended
	Mar. 31, 2014
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 March 31,	2014			2013			2014			2013
	Components of net periodic cost:
	Service cost	$	19		$	20		$	12		$	20
	Interest cost	295			314			35			47
	Expected return on plan assets	(104		)	(101		)
	Recognized net actuarial loss (gain)	153			184			(9		)	(13		)
	Amortization of prior service cost	20			21			(68		)	27
	Net periodic cost	$	383		$	438		$	(30	)	$	81
		Pension Benefits						Retiree Health Care
								Benefits
	Nine Months Ended March 31,	2014			2013			2014			2013
	Components of net periodic cost:
	Service cost	$	57		$	60		$	36		$	60
	Interest cost	885			945			104			142
	Expected return on plan assets	(312		)	(303		)
	Recognized net actuarial loss (gain)	459			551			(28		)	(40		)
	Amortization of prior service cost	59			62			(203		)	80
	Net periodic cost	$	1,148		$	1,315		$	(91	)	$	242
	The Company contributed $6,492 to its pension benefit plans and $165 to its retiree health care plans in the nine months ended March 31, 2014. Expected contributions for the remainder of fiscal 2014 are $200 for the pension benefit plans to fund scheduled retirement payments and $85 for retiree health care plans.

Segment_and_Geographic_Informa

Segment and Geographic Information	9 Months Ended
	Mar. 31, 2014
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. Intercompany sales primarily from the Fluid Power Businesses segment to the Service Center Based Distribution segment of $5,369 and $5,889, in the three months ended March 31, 2014 and 2013, respectively, and $16,564 and $14,618 in the nine months ended March 31, 2014 and 2013, respectively, have been eliminated in the Segment Financial Information tables below.
	Three Months Ended	Service Center Based Distribution			Fluid Power Businesses			Total
	March 31, 2014
	Net sales	$	492,678		$	125,328		$	618,006
	Operating income for reportable segments	28,754			13,442			42,196
	Depreciation and amortization of property	2,964			363			3,327
	Capital expenditures	2,021			345			2,366
	March 31, 2013
	Net sales	$	506,727		$	114,927		$	621,654
	Operating income for reportable segments	35,357			9,607			44,964
	Depreciation and amortization of property	2,735			463			3,198
	Capital expenditures	2,894			99			2,993
	Nine Months Ended	Service Center Based Distribution			Fluid Power Businesses			Total
	March 31, 2014
	Net sales	$	1,450,705		$	354,555		$	1,805,260
	Operating income for reportable segments	82,695			33,263			115,958
	Assets used in business	879,349			217,302			1,096,651
	Depreciation and amortization of property	8,951			1,168			10,119
	Capital expenditures	5,755			737			6,492
	March 31, 2013
	Net sales	$	1,485,029		$	336,661		$	1,821,690
	Operating income for reportable segments	97,445			28,758			126,203
	Assets used in business	833,211			202,726			1,035,937
	Depreciation and amortization of property	7,864			1,370			9,234
	Capital expenditures	9,488			348			9,836
	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						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Operating income for reportable segments	$	42,196		$	44,964		$	115,958		$	126,203
	Adjustment for:
	Intangible amortization—Service Center Based Distribution	1,102			1,637			4,484			4,164
	Intangible amortization—Fluid Power Businesses	2,086			1,873			5,034			5,553
	Corporate and other expense (income), net	(1,165		)	(2,023		)	(13,109		)	(11,878		)
	Total operating income	40,173			43,477			119,549			128,364
	Interest (income) expense, net	(11		)	107			(102		)	147
	Other (income) expense, net	(388		)	(1,027		)	(1,749		)	(1,913		)
	Income before income taxes	$	40,572		$	44,397		$	121,400		$	130,130
	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						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Geographic Areas:
	United States	$	519,713		$	514,941		$	1,500,252		$	1,492,795
	Canada	64,922			70,497			202,439			218,848
	Other countries	33,371			36,216			102,569			110,047
	Total	$	618,006		$	621,654		$	1,805,260		$	1,821,690
	Other countries consisted of Mexico, Australia and New Zealand.

Other_Income_Expense_Net

Other (Income) Expense, Net	9 Months Ended
	Mar. 31, 2014
Other Income and Expenses [Abstract]	'
OTHER (INCOME) EXPENSE, NET	'
	OTHER (INCOME) EXPENSE , NET
	Other (income) expense, net consists of the following:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Unrealized (gain) loss on assets held in rabbi trust for a nonqualified deferred compensation plan	$	(110	)	$	(602	)	$	(1,355	)	$	(1,183	)
	Elimination of one-month Canadian and Mexican reporting lag, effective July 1, 2013 and January 1, 2014, respectively	(175		)	—			(1,342		)	—
	Foreign currency transactions (gain) loss	46			(231		)	953			(656		)
	Other, net	(149		)	(194		)	(5		)	(74		)
	Total other (income) expense, net	$	(388	)	$	(1,027	)	$	(1,749	)	$	(1,913	)

Income_Taxes_Notes

Income Taxes (Notes)	9 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	INCOME TAXES
	The effective tax rates for the three and nine month periods ended March 31, 2014 were lower than the comparable prior year periods primarily due to the reversal of the deferred tax liability associated with undistributed earnings in Canada, as well as the reversal of tax reserves associated with certain uncertain tax positions.
	During the three month period ended March 31, 2014, the Company reversed a $2,800 deferred tax liability related to a portion of the undistributed earnings in Canada. The liability was reversed as it was determined that all undistributed earnings in Canada would be permanently reinvested. Additionally, $1,100 of tax reserves were reversed due to the expiration of certain statutes of limitations for U.S. tax audits, during the three months ended March 31, 2014.

Subsequent_Events_Notes

Subsequent Events (Notes)	9 Months Ended
	Mar. 31, 2014
Subsequent Event [Line Items]	'
Subsequent Events [Text Block]	'
	SUBSEQUENT EVENTS
	On May 1, 2014, the Company acquired Reliance Industrial Products, headquartered in Nisku, Alberta, Canada, with operations in Western Canada and the Western United States, for a total purchase price in the amount of $189,800. This business will expand Applied’s global capabilities within the oil and gas industry and will be a part of the Service Center Based Distribution segment. The Company funded the acquisition by using available cash in Canada in the amount of $31,900, existing revolving credit facilities of $36,600 and a new $100,000 five year term loan facility, with the remainder to be paid to the sellers over the next several years. The results of operations acquired will be included in the Company’s results of operations from May 1, 2014.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	Change in Accounting Principle - Alignment of Mexican Subsidiary Reporting
	Effective January 1, 2014, the Company aligned the consolidation of the Company’s Mexican 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 $200 of income for the month of December 2013 has been included within “Other (Income) Expense, net” on the Statement of Consolidated Income for the three and nine months ended March 31, 2014. The three months ended March 31, 2014 reflect the same results, had the financial statements been retrospectively adjusted, with the exception of net income which would have decreased $200. Net sales, operating income and net income for the nine months ended March 31, 2014 would have decreased by $1,100, $100 and $300 had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the three months ended March 31, 2013, would have increased by $800, and decreased by $200 and $300 respectively had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the nine months ended March 31, 2013, would have decreased by $1,000, $600 and $500 respectively had the financial statements been retrospectively adjusted.
	Impact of Changes in Accounting Principle - Alignment of Subsidiary Reporting
	The Company has determined that the effect of both the Canadian and Mexican reporting lag eliminations is not material to the financial statements for all periods presented and therefore, the Company has not presented retrospective application of these changes. All subsidiary reporting is now aligned with that of the consolidated financial statements.
	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 $1,200 of income for the month of June 2013 has been included within “Other (Income) Expense, net” on the Statement of Consolidated Income for the nine months ended March 31, 2014. The three months ended March 31, 2014 reflect the same results, had the financial statements been retrospectively adjusted. The nine months ended March 31, 2014 reflect the same results, had the financial statements been retrospectively adjusted, with the exception of net income which would have decreased $1,200. Net sales, operating income and net income for the three months ended March 31, 2013, would have increased by $3,500, $800 and $700 respectively had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the nine months ended March 31, 2013, would have increased by $500 and decreased by $400 and $400 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)	9 Months Ended
	Mar. 31, 2014
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 Fluid Power Businesses segment for the nine month period ended March 31, 2014 are as follows:
		Service Centers			Fluid Power			Total
	Balance at July 1, 2013	$	105,920		$	929		$	106,849
	Goodwill acquired during the period	5,727						5,727
	Other, primarily currency translation	(1,375		)				(1,375		)
	Balance at March 31, 2014	$	110,272		$	929		$	111,201
	At March 31, 2014, 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 identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
	March 31, 2014		Amount			Accumulated			Net Book
						Amortization			Value
	Finite-Lived Intangibles:
	Customer relationships		$	106,173		$	44,496		$	61,677
	Trade names		26,314			9,755			16,559
	Vendor relationships		15,365			6,292			9,073
	Non-competition agreements		2,204			1,145			1,059
	Total Intangibles		$	150,056		$	61,688		$	88,368
	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 nine month period ended March 31, 2014, 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		$	6,940		20 years
	Trade names		160			5 years
	Non-competition agreements		310			5 years
	Total Intangibles Acquired		$	7,410		19 years

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2014
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 March 31, 2014
		Foreign currency translation adjustment			Unrealized gain (loss) on securities available for sale			Postemployment benefits			Total Accumulated other comprehensive income (loss)
	Balance at December 31, 2013	$	(6,500	)	$	13		$	(3,613	)	$	(10,100	)
	Other comprehensive income (loss)	(3,876		)	33						(3,843		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—						59			59
	Net current-period other comprehensive income (loss), net of taxes	(3,876		)	33			59			(3,784		)
	Balance at March 31, 2014	$	(10,376	)	$	46		$	(3,554	)	$	(13,884	)
		Nine Months Ended March 31, 2014
		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)	(10,736		)	98						(10,638		)
	Amounts reclassified from accumulated other comprehensive income (loss)							175			175
	Net current-period other comprehensive income (loss), net of taxes	(10,736		)	98			175			(10,463		)
	Balance at March 31, 2014	$	(10,376	)	$	46		$	(3,554	)	$	(13,884	)
Schedule of Comprehensive Income (Loss) [Table Text Block]	'
	Details of other comprehensive income (loss) are as follows:
		Three Months Ended March 31,
		2014									2013
		Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)		Net Amount
	Foreign currency translation adjustments	$	(3,876	)	$	—		$	(3,876	)	$	(5,466	)	$	—	$	(5,466	)
	Postemployment benefits:
	Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	96			37			59			218			85		133
	Unrealized gain (loss) on investment securities available for sale	49			16			33			42			14		28
	Other comprehensive income (loss)	$	(3,731	)	$	53		$	(3,784	)	$	(5,206	)	$	99	$	(5,305	)
		Nine Months Ended March 31,
		2014									2013
		Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)		Net Amount
	Foreign currency translation adjustments	$	(10,736	)	$	—		$	(10,736	)	$	2,941		$	—	$	2,941
	Postemployment benefits:
	Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	287			112			175			654			255		399
	Unrealized gain (loss) on investment securities available for sale	148			50			98			65			23		42
	Other comprehensive income (loss)	$	(10,301	)	$	162		$	(10,463	)	$	3,660		$	278	$	3,382

Benefit_Plans_Tables

Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2014
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 March 31,	2014			2013			2014			2013
	Components of net periodic cost:
	Service cost	$	19		$	20		$	12		$	20
	Interest cost	295			314			35			47
	Expected return on plan assets	(104		)	(101		)
	Recognized net actuarial loss (gain)	153			184			(9		)	(13		)
	Amortization of prior service cost	20			21			(68		)	27
	Net periodic cost	$	383		$	438		$	(30	)	$	81
		Pension Benefits						Retiree Health Care
								Benefits
	Nine Months Ended March 31,	2014			2013			2014			2013
	Components of net periodic cost:
	Service cost	$	57		$	60		$	36		$	60
	Interest cost	885			945			104			142
	Expected return on plan assets	(312		)	(303		)
	Recognized net actuarial loss (gain)	459			551			(28		)	(40		)
	Amortization of prior service cost	59			62			(203		)	80
	Net periodic cost	$	1,148		$	1,315		$	(91	)	$	242

Segment_and_Geographic_Informa1

Segment and Geographic Information (Tables)	9 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment financial information	'
	Three Months Ended	Service Center Based Distribution			Fluid Power Businesses			Total
	March 31, 2014
	Net sales	$	492,678		$	125,328		$	618,006
	Operating income for reportable segments	28,754			13,442			42,196
	Depreciation and amortization of property	2,964			363			3,327
	Capital expenditures	2,021			345			2,366
	March 31, 2013
	Net sales	$	506,727		$	114,927		$	621,654
	Operating income for reportable segments	35,357			9,607			44,964
	Depreciation and amortization of property	2,735			463			3,198
	Capital expenditures	2,894			99			2,993
	Nine Months Ended	Service Center Based Distribution			Fluid Power Businesses			Total
	March 31, 2014
	Net sales	$	1,450,705		$	354,555		$	1,805,260
	Operating income for reportable segments	82,695			33,263			115,958
	Assets used in business	879,349			217,302			1,096,651
	Depreciation and amortization of property	8,951			1,168			10,119
	Capital expenditures	5,755			737			6,492
	March 31, 2013
	Net sales	$	1,485,029		$	336,661		$	1,821,690
	Operating income for reportable segments	97,445			28,758			126,203
	Assets used in business	833,211			202,726			1,035,937
	Depreciation and amortization of property	7,864			1,370			9,234
	Capital expenditures	9,488			348			9,836
	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.
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						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Operating income for reportable segments	$	42,196		$	44,964		$	115,958		$	126,203
	Adjustment for:
	Intangible amortization—Service Center Based Distribution	1,102			1,637			4,484			4,164
	Intangible amortization—Fluid Power Businesses	2,086			1,873			5,034			5,553
	Corporate and other expense (income), net	(1,165		)	(2,023		)	(13,109		)	(11,878		)
	Total operating income	40,173			43,477			119,549			128,364
	Interest (income) expense, net	(11		)	107			(102		)	147
	Other (income) expense, net	(388		)	(1,027		)	(1,749		)	(1,913		)
	Income before income taxes	$	40,572		$	44,397		$	121,400		$	130,130
	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	'
	Net sales are presented in geographic areas based on the location of the facility shipping the product and are as follows:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Geographic Areas:
	United States	$	519,713		$	514,941		$	1,500,252		$	1,492,795
	Canada	64,922			70,497			202,439			218,848
	Other countries	33,371			36,216			102,569			110,047
	Total	$	618,006		$	621,654		$	1,805,260		$	1,821,690
	Other countries consisted of Mexico, Australia and New Zealand

Other_Income_Expense_Net_Table

Other (Income) Expense, Net (Tables)	9 Months Ended
	Mar. 31, 2014
Other Income and Expenses [Abstract]	'
Other expense (income), net	'
	Other (income) expense, net consists of the following:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Unrealized (gain) loss on assets held in rabbi trust for a nonqualified deferred compensation plan	$	(110	)	$	(602	)	$	(1,355	)	$	(1,183	)
	Elimination of one-month Canadian and Mexican reporting lag, effective July 1, 2013 and January 1, 2014, respectively	(175		)	—			(1,342		)	—
	Foreign currency transactions (gain) loss	46			(231		)	953			(656		)
	Other, net	(149		)	(194		)	(5		)	(74		)
	Total other (income) expense, net	$	(388	)	$	(1,027	)	$	(1,749	)	$	(1,913	)

Basis_of_Presentation_Change_i

Basis of Presentation Change in Accounting Principle (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'	'	'	'
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income	$175	'	$1,342	'
Net Sales Impact [Member] [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	'	'	1,200	'
Impact of Retrospective Adjustment	'	3,500	'	500
Operating Income Impact [Member]	'	'	'	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'	'	'	'
Impact of Retrospective Adjustment	'	800	'	400
Net Income Impact [Member]	'	'	'	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'	'	'	'
Impact of Retrospective Adjustment	'	700	'	400
Net Sales Impact [Member] [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	200	'	'	'
Impact of Retrospective Adjustment	'	800	1,100	1,000
Operating Income Impact [Member]	'	'	'	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'	'	'	'
Impact of Retrospective Adjustment	'	200	100	600
Net Income Impact [Member]	'	'	'	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'	'	'	'
Impact of Retrospective Adjustment	'	$300	$300	$500

Goodwill_and_Intangibles_Detai

Goodwill and Intangibles (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Changes in the carrying amount of goodwill by reportable segment	'
Balance at July 1, 2013	$106,849
Goodwill acquired during the period	5,727
Other, primarily currency translation	-1,375
Balance at March 31, 2014	111,201
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	5,727
Other, primarily currency translation	-1,375
Balance at March 31, 2014	110,272
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 March 31, 2014	$929

Goodwill_and_Intangibles_Detai1

Goodwill and Intangibles (Details 1) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Amortization details resulting from business combinations	'	'
Amount	$150,056	$147,720
Accumulated Amortization	61,688	56,453
Net Book Value	88,368	91,267
Total Intangible	88,368	91,267
Customer relationships	'	'
Amortization details resulting from business combinations	'	'
Amount	106,173	100,854
Accumulated Amortization	44,496	38,844
Net Book Value	61,677	62,010
Trade names	'	'
Amortization details resulting from business combinations	'	'
Amount	26,314	26,690
Accumulated Amortization	9,755	8,643
Net Book Value	16,559	18,047
Vendor relationships	'	'
Amortization details resulting from business combinations	'	'
Amount	15,365	15,433
Accumulated Amortization	6,292	5,443
Net Book Value	9,073	9,990
Non-competition agreements	'	'
Amortization details resulting from business combinations	'	'
Amount	2,204	4,743
Accumulated Amortization	1,145	3,523
Net Book Value	$1,059	$1,220

Goodwill_and_Intangibles_Goodw

Goodwill and Intangibles Goodwill and Intangibles (Details 2) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquisition Cost Allocation	$7,410
Weighted-Average Life	'19 years
Customer Relationships [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquisition Cost Allocation	6,940
Weighted-Average Life	'20 years
Trade Names [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquisition Cost Allocation	160
Weighted-Average Life	'5 years
Noncompete Agreements [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquisition Cost Allocation	$310
Weighted-Average Life	'5 years

Goodwill_and_Intangibles_Detai2

Goodwill and Intangibles (Details Textuals) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
Goodwill and Intangibles (Textuals) [Abstract]	'
Amortization expense for the remainder of 2014	$3,200
Amortization expense for 2015	12,100
Amortization expense for 2016	11,000
Amortization expense for 2017	10,300
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 $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Level 1 [Member] | Recurring [Member]	'	'
Fair Value Measurements (Textuals) [Line Items]	'	'
Marketable securities	$10,719	$10,483

Shareholders_Equity_Accumulate

Shareholders' Equity Accumulated Other Comprehensive Income (Loss) [Table] (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
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	33	28	98	42
Net current-period other comprehensive income (loss), net of taxes, Foreign Currency Translation Adjustment	-3,876	-5,466	-10,736	2,941
Net current-period other comprehensive income (loss), net of taxes, Total accumulated other comprehensive income (loss)	-3,784	-5,305	-10,463	3,382
Balance at March 31, 2014	-13,884	'	-13,884	'
Foreign Currency Translation Adjustment [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	-6,500	'	360	'
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment	-3,876	'	-10,736	'
Amounts reclassified from accumulated other comprehensive income (loss)	0	'	'	'
Net current-period other comprehensive income (loss), net of taxes, Foreign Currency Translation Adjustment	-3,876	'	-10,736	'
Balance at March 31, 2014	-10,376	'	-10,376	'
Postemployment benefits [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	-3,613	'	-3,729	'
Other Comprehensive Income (Loss), Postemployment Benefits,	'	'	'	'
Amounts reclassified from accumulated other comprehensive income (loss)	59	'	175	'
Net current-period other comprehensive income (loss), net of taxes, Postemployment benefits	59	'	175	'
Balance at March 31, 2014	-3,554	'	-3,554	'
Unrealized gain (loss) on securities available for sale [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	13	'	-52	'
Other Comprehensive Income (Loss), Unrealized gain (loss) on securities available for sale	33	'	98	'
Amounts reclassified from accumulated other comprehensive income (loss)	'	'	'	'
Net current-period other comprehensive income (loss), net of taxes, Unrealized gain (loss) on securities available for sale	33	'	98	'
Balance at March 31, 2014	46	'	46	'
Total Accumulated Other Comprehensive Income (Loss) [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Balance at beginning of period	-10,100	'	-3,421	'
Other Comprehensive Income (Loss), Total accumulated other comprehensive income (loss)	-3,843	'	-10,638	'
Amounts reclassified from accumulated other comprehensive income (loss)	59	'	175	'
Net current-period other comprehensive income (loss), net of taxes, Total accumulated other comprehensive income (loss)	-3,784	'	-10,463	'
Balance at March 31, 2014	($13,884)	'	($13,884)	'

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textuals ) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Shareholders' Equity (Tables) [Abstract]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	306	180	306	208
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustments, before Tax	($3,876)	($5,466)	($10,736)	$2,941
Foreign currency translation adjustments, Tax	0	0	0	0
Foreign currency translation adjustments, Net of Tax	-3,876	-5,466	-10,736	2,941
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	287	654
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs, Tax	37	85	112	255
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs, Net Of Tax	59	133	175	399
Unrealized gain (loss) on investment securities available for sale, before Tax	49	42	148	65
Unrealized gain (loss) on investment securities available for sale, Tax	16	14	50	23
Unrealized gain (loss) on investment securities available for sale, Net of Tax	33	28	98	42
Other comprehensive income (loss), before tax	-3,731	-5,206	-10,301	3,660
Other comprehensive income (loss), Tax	53	99	162	278
Other comprehensive income (loss), net of tax	($3,784)	($5,305)	($10,463)	$3,382

Benefit_Plans_Details

Benefit Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Pension Benefits [Member]	'	'	'	'
Components of net periodic cost:	'	'	'	'
Service cost	$19	$20	$57	$60
Interest cost	295	314	885	945
Expected return on plan assets	-104	-101	-312	-303
Recognized net actuarial loss (gain)	153	184	459	551
Amortization of prior service cost	20	21	59	62
Net periodic cost	383	438	1,148	1,315
Retiree Health Care Benefits [Member]	'	'	'	'
Components of net periodic cost:	'	'	'	'
Service cost	12	20	36	60
Interest cost	35	47	104	142
Expected return on plan assets	'	'	'	'
Recognized net actuarial loss (gain)	-9	-13	-28	-40
Amortization of prior service cost	-68	27	-203	80
Net periodic cost	($30)	$81	($91)	$242

Benefit_Plans_Details_Textuals

Benefit Plans (Details Textuals) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2014
Pension Plans, Defined Benefit [Member]	'	'
Benefit Plans (Textuals) [Abstract]	'	'
Contribution to benefit plan	$6,492	'
Expected contribution to benefit plans for remainder of fiscal year	'	200
Retiree Health Care Benefits [Member]	'	'
Benefit Plans (Textuals) [Abstract]	'	'
Contribution to benefit plan	165	'
Expected contribution to benefit plans for remainder of fiscal year	'	$85

Segment_and_Geographic_Informa2

Segment and Geographic Information (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2013
Segment financial information	'	'	'	'	'
Net sales	$618,006	$621,654	$1,805,260	$1,821,690	'
Operating income for reportable segments	40,173	43,477	119,549	128,364	'
Assets used in business	1,096,651	1,035,937	1,096,651	1,035,937	1,058,706
Depreciation and amortization of property	3,327	3,198	10,119	9,234	'
Capital expenditures	2,366	2,993	6,492	9,836	'
Operating Segments [Member]	'	'	'	'	'
Segment financial information	'	'	'	'	'
Operating income for reportable segments	42,196	44,964	115,958	126,203	'
Service Center Based Distribution [Member]	'	'	'	'	'
Segment financial information	'	'	'	'	'
Net sales	492,678	506,727	1,450,705	1,485,029	'
Operating income for reportable segments	28,754	35,357	82,695	97,445	'
Assets used in business	879,349	833,211	879,349	833,211	'
Depreciation and amortization of property	2,964	2,735	8,951	7,864	'
Capital expenditures	2,021	2,894	5,755	9,488	'
Fluid Power Businesses [Member]	'	'	'	'	'
Segment financial information	'	'	'	'	'
Net sales	125,328	114,927	354,555	336,661	'
Operating income for reportable segments	13,442	9,607	33,263	28,758	'
Assets used in business	217,302	202,726	217,302	202,726	'
Depreciation and amortization of property	363	463	1,168	1,370	'
Capital expenditures	$345	$99	$737	$348	'

Segment_and_Geographic_Informa3

Segment and Geographic Information (Details 1) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	'	'	'	'
Total operating income	$40,173	$43,477	$119,549	$128,364
Adjustment for:	'	'	'	'
Intangible amortization	'	'	9,518	9,716
Corporate and other expense (income), net	-1,165	-2,023	-13,109	-11,878
Interest Expense, net	-11	107	-102	147
Other (Income) Expense, net	-388	-1,027	-1,749	-1,913
Income before income taxes	40,572	44,397	121,400	130,130
Operating Segments [Member]	'	'	'	'
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	'	'	'	'
Total operating income	42,196	44,964	115,958	126,203
Service Center Based Distribution [Member]	'	'	'	'
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	'	'	'	'
Total operating income	28,754	35,357	82,695	97,445
Adjustment for:	'	'	'	'
Intangible amortization	1,102	1,637	4,484	4,164
Fluid Power Businesses [Member]	'	'	'	'
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	'	'	'	'
Total operating income	13,442	9,607	33,263	28,758
Adjustment for:	'	'	'	'
Intangible amortization	$2,086	$1,873	$5,034	$5,553

Segment_and_Geographic_Informa4

Segment and Geographic Information (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Net sales are presented in geographic areas	'	'	'	'
Net Sales	$618,006	$621,654	$1,805,260	$1,821,690
United States	'	'	'	'
Net sales are presented in geographic areas	'	'	'	'
Net Sales	519,713	514,941	1,500,252	1,492,795
Canada	'	'	'	'
Net sales are presented in geographic areas	'	'	'	'
Net Sales	64,922	70,497	202,439	218,848
Other countries	'	'	'	'
Net sales are presented in geographic areas	'	'	'	'
Net Sales	$33,371	$36,216	$102,569	$110,047

Segment_and_Geographic_Informa5

Segment and Geographic Information (Details Textuals) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Segment and Geographic Information (Textuals) [Abstract]	'	'	'	'
Sales primarily from businesses segment	$5,369	$5,889	$16,564	$14,618

Other_Income_Expense_Net_Detai

Other (Income) Expense, Net (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Other Income and Expenses [Abstract]	'	'	'	'
Unrealized (gain) loss on assets held in rabbi trust for a nonqualified deferred compensation plan	($110)	($602)	($1,355)	($1,183)
Elimination of one-month Canadian and Mexican reporting lag, effective July 1, 2013 and January 1, 2014, respectively	-175	'	-1,342	'
Foreign currency transactions (gain) loss	46	-231	953	-656
Other, net	-149	-194	-5	-74
Total other (income) expense, net	($388)	($1,027)	($1,749)	($1,913)

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Undistributed Earnings [Member]	'
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	$2,800
Expiration of Statue of Limitations [Member]	'
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	$1,100

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event [Member], USD $)	1-May-14
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Total Purchase Price	$189,800
Canadian Cash Used for Acquisition	31,900
Funding From Existing Credit Facility	36,600
Funding from New Credit Facility	$100,000