Applied Industrial (AIT) 10-K 26 Aug 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Aug. 14, 2015	Dec. 31, 2014
Document Information [Line Items]
Entity Registrant Name	APPLIED INDUSTRIAL TECHNOLOGIES INC
Entity Central Index Key	109,563
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding (actual number)		39,677,969
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 1,848,864,000

Statements of Consolidated Inco

Statements of Consolidated Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]
Net Sales	$ 2,751,561	$ 2,459,878	$ 2,462,171
Cost of Sales	1,981,747	1,772,952	1,779,209
Gross Profit	769,814	686,926	682,962
Selling, Distribution and Administrative, including depreciation	585,195	522,568	506,563
Operating Income	184,619	164,358	176,399
Interest Expense	8,121	900	621
Interest Income	(252)	(651)	(456)
Other Expense (Income), net	879	(2,153)	(1,431)
Income Before Income Taxes	175,871	166,262	177,665
Income Tax Expense	60,387	53,441	59,516
Net Income	$ 115,484	$ 112,821	$ 118,149
Net Income Per Share — Basic	$ 2.82	$ 2.69	$ 2.81
Net Income Per Share — Diluted	$ 2.80	$ 2.67	$ 2.78

Statements of Consolidated Comp

Statements of Consolidated Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Statements of Comprehensive Income [Abstract]
Net income per the statements of consolidated income	$ 115,484	$ 112,821	$ 118,149
Other comprehensive (loss) income, before tax:
Foreign currency translation adjustments	(58,233)	629	(1,358)
Postemployment benefits:
Actuarial (loss) gain on remeasurement	(776)	1,402	3,153
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	286	382	872
Unrealized (loss) gain on investment securities available for sale	(38)	112	10
Total other comprehensive (loss) income, before tax	(58,761)	2,525	2,677
Income tax (benefit) expense related to items of other comprehensive income (loss)	(205)	719	1,529
Other comprehensive (loss) income, net of tax	(58,556)	1,806	1,148
Comprehensive income	$ 56,928	$ 114,627	$ 119,297

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Current assets
Cash and cash equivalents	$ 69,470	$ 71,189
Accounts receivable, less allowances of $10,621 and $10,385	376,305	375,732
Inventories	362,419	335,747
Other current assets	51,111	53,480
Total current assets	859,305	836,148
Property — at cost
Land	12,950	13,212
Buildings	89,325	89,886
Equipment, including computers and software	166,515	157,370
Total property — at cost	268,790	260,468
Less accumulated depreciation	164,343	156,872
Property — net	104,447	103,596
Identifiable intangibles, net	198,828	159,508
Goodwill	254,406	193,494
Deferred tax assets	97	21,166
Other assets	17,885	20,257
Total Assets	1,434,968	1,334,169
Current liabilities
Accounts payable	179,825	172,401
Current portion of long term debt	3,349	2,720
Compensation and related benefits	63,780	55,760
Other current liabilities	63,118	60,074
Total current liabilities	310,072	290,955
Long-term debt	317,646	167,992
Post-employment benefits	19,627	23,611
Other liabilities	46,295	51,303
Total Liabilities	693,640	533,861
Shareholders’ Equity
Preferred stock — no par value; 2,500 shares authorized; none issued or outstanding	0	0
Common stock — no par value; 80,000 shares authorized; 54,213 shares issued	10,000	10,000
Additional paid-in capital	160,072	156,999
Retained earnings	969,548	896,776
Treasury shares — at cost (14,308 and 12,650 shares)	(338,121)	(261,852)
Accumulated other comprehensive income (loss)	(60,171)	(1,615)
Total Shareholders’ Equity	741,328	800,308
Total Liabilities and Shareholders’ Equity	$ 1,434,968	$ 1,334,169

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Current assets
Accounts receivable, allowances	$ 10,621	$ 10,385
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 stock, shares	14,308,000	12,650,000

Statements of Consolidated Cash

Statements of Consolidated Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Net income	$ 115,484	$ 112,821	$ 118,149
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property	16,578	13,977	12,501
Amortization of intangibles	25,797	14,023	13,233
Amortization of stock appreciation rights and options	1,610	1,808	2,317
Deferred income taxes	(4,961)	(8,209)	10,179
Provision for losses on accounts receivable	2,597	3,970	2,267
Unrealized foreign exchange transaction losses (gains)	(727)	204	(1,410)
Other share-based compensation expense	2,851	2,703	3,444
Shares issued for deferred compensation plans	45	161	241
Gain on sale of property	(1,291)	(53)	(321)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	13,129	(29,089)	(15,721)
Inventories	(15,704)	(29,171)	(26,745)
Other operating assets	797	17,966	(7,857)
Accounts payable	1,040	21,369	12,206
Other operating liabilities	(2,707)	(12,370)	(11,086)
Cash provided by Operating Activities	154,538	110,110	111,397
Cash Flows from Investing Activities
Property purchases	(14,933)	(20,190)	(12,214)
Proceeds from property sales	1,932	877	979
Net cash paid for acquisition of businesses, net of cash acquired of $0, $1,369, and $0 in 2015, 2014 and 2013, respectively	(160,620)	(184,324)	(67,590)
Cash used in Investing Activities	(173,621)	(203,637)	(78,825)
Cash Flows from Financing Activities
Net (repayments) borrowings under revolving credit facility, classified as long term	(17,000)	69,000	0
Borrowings under long term debt facilities	170,000	100,000	0
Long term debt repayments	(2,717)	(647)	0
Purchases of treasury shares	(76,515)	(36,732)	(53)
Dividends paid	(42,663)	(40,410)	(37,194)
Excess tax benefits from share-based compensation	1,042	2,674	2,566
Acquisition holdback payments	(7,693)	(1,839)	(3,843)
Exercise of stock appreciation rights and options	235	96	499
Cash provided by (used in) Financing Activities	24,689	92,142	(38,025)
Effect of exchange rate changes on cash	(7,325)	(590)	175
Decrease in cash and cash equivalents	(1,719)	(1,975)	(5,278)
Cash and cash equivalents at beginning of year	71,189	73,164	78,442
Cash and Cash Equivalents at End of Year	69,470	71,189	73,164
Cash paid during the year for:
Income taxes	69,272	51,548	51,816
Interest	$ 5,851	$ 1,026	$ 501

Statements of Consolidated Cas7

Statements of Consolidated Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Cash Flows from Investing Activities
Cash acquired from businesses acquisition	$ 0	$ 1,369	$ 0

Statements of Consolidated Shar

Statements of Consolidated Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Shares-at Cost	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Jun. 30, 2012	$ 672,131	$ 10,000	$ 150,070	$ 743,360	$ (226,730)	$ (4,569)
Beginning balance, shares at Jun. 30, 2012		41,967
Net income	118,149			118,149
Other comprehensive income (loss)	1,148					1,148
Cash dividends - $0.88, $0.96 and $1.04 per share for 2013, 2014 and 2015 respectively	(37,194)			(37,194)
Purchases of common stock for treasury	(53)				(53)
Purchases of common stock for treasury, shares		(1)
Treasury shares issued for:
Exercise of stock appreciation rights and options	911		(175)		1,086
Exercise of stock appreciation rights and options, shares		129
Performance share awards	(1,601)		(1,675)		74
Performance share awards, shares		53
Deferred compensation plans	241		131		110
Deferred compensation plans, shares		5
Compensation expense -- stock appreciation rights and options	2,317		2,317
Other share-based compensation expense	3,444		3,444
Other	122		(219)	47	294
Other, shares		16
Ending balance at Jun. 30, 2013	759,615	$ 10,000	153,893	824,362	(225,219)	(3,421)
Ending balance, shares at Jun. 30, 2013		42,169
Net income	112,821			112,821
Other comprehensive income (loss)	1,806					1,806
Cash dividends - $0.88, $0.96 and $1.04 per share for 2013, 2014 and 2015 respectively	(40,410)			(40,410)
Purchases of common stock for treasury	(36,732)				(36,732)
Purchases of common stock for treasury, shares		(760)
Treasury shares issued for:
Exercise of stock appreciation rights and options	1,173		849		324
Exercise of stock appreciation rights and options, shares		76
Performance share awards	(1,083)		(1,062)		(21)
Performance share awards, shares		36
Restricted stock units	(1,357)		(1,110)		(247)
Restricted stock units, shares		31
Deferred compensation plans	161		98		63
Deferred compensation plans, shares		3
Compensation expense -- stock appreciation rights and options	1,808		1,808
Other share-based compensation expense	2,703		2,703
Other	(197)		(180)	3	(20)
Other, shares		8
Ending balance at Jun. 30, 2014	800,308	$ 10,000	156,999	896,776	(261,852)	(1,615)
Ending balance, shares at Jun. 30, 2014		41,563
Net income	115,484			115,484
Other comprehensive income (loss)	(58,556)					(58,556)
Cash dividends - $0.88, $0.96 and $1.04 per share for 2013, 2014 and 2015 respectively	(42,663)			(42,663)
Purchases of common stock for treasury	(76,515)				(76,515)
Purchases of common stock for treasury, shares		(1,740)
Treasury shares issued for:
Exercise of stock appreciation rights and options	967		552		415
Exercise of stock appreciation rights and options, shares		34
Performance share awards	(373)		(425)		52
Performance share awards, shares		12
Restricted stock units	(1,236)		(1,312)		76
Restricted stock units, shares		36
Deferred compensation plans	45		24		21
Deferred compensation plans, shares		1
Compensation expense -- stock appreciation rights and options	1,610		1,610
Other share-based compensation expense	2,851		2,851
Other	(594)		(227)	(49)	(318)
Other, shares		(1)
Ending balance at Jun. 30, 2015	$ 741,328	$ 10,000	$ 160,072	$ 969,548	$ (338,121)	$ (60,171)
Ending balance, shares at Jun. 30, 2015		39,905

Statements of Consolidated Sha9

Statements of Consolidated Shareholders' Equity Statements of Consolidated Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Cash dividends (usd per share)	$ 1.04	$ 0.96	$ 0.88

Business and Accounting Policie

Business and Accounting Policies	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies	BUSINESS AND ACCOUNTING POLICIES Business Applied Industrial Technologies, Inc. and subsidiaries (the “Company” or “Applied”) is a leading industrial distributor serving Maintenance Repair & Operations (MRO) and Original Equipment Manufacturer (OEM) customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training and inventory management solutions that provide added value to its customers. Although the Company does not generally manufacture the products it sells, it does assemble and repair certain products and systems. Consolidation The consolidated financial statements include the accounts of Applied Industrial Technologies, Inc. and its subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. For the year ended June 30, 2013 the financial results of the Company’s Canadian and Mexican subsidiaries were included in the consolidated financial statements for the twelve months ended May 31. During fiscal 2014, the Company eliminated the one month reporting lag for both the Canadian and Mexican subsidiaries in the first and third quarters respectively. See the "Change in Accounting Principle" section below for additional information related to the elimination of the reporting lag. Foreign Currency The financial statements of the Company’s Canadian, Mexican, Australian and New Zealand subsidiaries are measured using local currencies as their functional currencies. Assets and liabilities are translated into U.S. dollars at current exchange rates, while income and expenses are translated at average exchange rates. Translation gains and losses are reported in other comprehensive income (loss) in the statements of consolidated comprehensive income. Gains and losses resulting from transactions denominated in foreign currencies are included in the statements of consolidated income as a component of other expense (income), net. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from the estimates and assumptions used in preparing the consolidated financial statements . Cash and Cash Equivalents The Company considers all short-term, highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value. Marketable Securities The primary marketable security investments of the Company include money market and mutual funds held in a rabbi trust for a non-qualified deferred compensation plan. These are included in other assets in the consolidated balance sheets, are classified as trading securities, and reported at fair value based on quoted market prices. Changes in the fair value of the investments during the period are recorded in other expense (income), net in the statements of consolidated income. Concentration of Credit Risk The Company has a broad customer base representing many diverse industries across North America, Australia and New Zealand. As such, the Company does not believe that a significant concentration of credit risk exists in its accounts receivable. The Company’s cash and cash equivalents consist of deposits with commercial banks and regulated non-bank subsidiaries. While Applied monitors the creditworthiness of these institutions, a crisis in the financial systems could limit access to funds and/or result in the loss of principal. The terms of these deposits and investments provide that all monies are available to the Company upon demand. Allowances for Doubtful Accounts The Company evaluates the collectibility of trade accounts receivable based on a combination of factors. Initially, the Company estimates an allowance for doubtful accounts as a percentage of net sales based on historical bad debt experience. This initial estimate is adjusted based on recent trends of customers and industries estimated to be greater credit risks, trends within the entire customer pool, and changes in the overall aging of accounts receivable. Accounts are written off against the allowance when it becomes evident collection will not occur. While the Company has a large customer base that is geographically dispersed, a general economic downturn in any of the industry segments in which the Company operates could result in higher than expected defaults, and therefore, the need to revise estimates for bad debts. Inventories Inventories are valued at the average cost method, using the last-in, first-out (LIFO) method for U.S. inventories and the average cost method for foreign inventories. The Company adopted the link chain dollar value LIFO method of accounting for U.S. inventories in fiscal 1974. At June 30, 2015 , approximately 22.1% of the Company’s domestic inventory dollars relate to LIFO layers added in the 1970s. The Company maintains five LIFO pools based on the following product groupings: bearings, power transmission products, rubber products, fluid power products and other products. LIFO layers and/or liquidations are determined consistently year-to-year. The Company evaluates the recoverability of its slow moving or obsolete inventories at least quarterly. The Company estimates the recoverable cost of such inventory by product type while considering factors such as its age, historic and current demand trends, the physical condition of the inventory, as well as assumptions regarding future demand. The Company’s ability to recover its cost for slow moving or obsolete inventory can be affected by such factors as general market conditions, future customer demand, and relationships with suppliers. Historically, the Company’s inventories have demonstrated long shelf lives, are not highly susceptible to obsolescence, and, in certain instances, can be eligible for return under supplier return programs. Supplier Purchasing Programs The Company enters into agreements with certain suppliers providing inventory purchase incentives. The Company’s inventory purchase incentive arrangements are unique to each supplier and are generally annual programs ending at either the Company’s fiscal year end or the supplier’s year end; however, program length and ending dates can vary. Incentives are received in the form of cash or credits against purchases upon attainment of specified purchase volumes and are received either monthly, quarterly or annually. The incentives are generally a specified percentage of the Company’s net purchases based upon achieving specific purchasing volume levels. These percentages can increase or decrease based on changes in the volume of purchases. The Company accrues for the receipt of these inventory purchase incentives based upon cumulative purchases of inventory. The percentage level utilized is based upon the estimated total volume of purchases expected during the life of the program. Supplier programs are analyzed each quarter to determine the appropriateness of the amount of purchase incentives accrued. Upon program completion, differences between estimates and actual incentives subsequently received have not been material. Benefits under these supplier purchasing programs are recognized under the Company’s LIFO inventory accounting method as a reduction of cost of sales when the inventories representing these purchases are recorded as cost of sales. Accrued incentives expected to be settled as a credit against future purchases are reported on the consolidated balance sheet as an offset to amounts due to the related supplier. Property and Related Depreciation and Amortization Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets and is included in selling, distribution and administrative expenses in the accompanying statements of consolidated income. Buildings, building improvements and leasehold improvements are depreciated over ten to thirty years or the life of the lease if a shorter period, and equipment is depreciated over three to ten years. The Company capitalizes internal use software development costs in accordance with guidance on accounting for costs of computer software developed or obtained for internal use. Amortization of software begins when it is ready for its intended use, and is computed on a straight-line basis over the estimated useful life of the software, generally not to exceed twelve years. Capitalized software and hardware costs are classified as property on the consolidated balance sheets. The carrying values of property and equipment are reviewed for impairment when events or changes in circumstances indicate that the recorded value cannot be recovered from undiscounted future cash flows. Impairment losses, if any, would be measured based upon the difference between the carrying amount and the fair value of the assets. Goodwill and Intangible Assets Goodwill is recognized as the excess cost of an acquired entity over the net amount assigned to assets acquired and liabilities assumed. Goodwill is not amortized. Goodwill is reviewed for impairment annually as of January 1 or whenever changes in conditions indicate an evaluation should be completed. These conditions could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. The Company utilizes discounted cash flow models and market multiples for comparable businesses to determine the fair value of reporting units. Evaluating impairment requires significant judgment by management, including estimated future operating results, estimated future cash flows, the long-term rate of growth of the business, and determination of an appropriate discount rate. While the Company uses available information to prepare the estimates and evaluations, actual results could differ significantly. The Company recognizes acquired identifiable intangible assets such as customer relationships, trade names, vendor relationships, and non-competition agreements apart from goodwill. Customer relationship identifiable intangibles are amortized using the sum-of-the-years-digits method over estimated useful lives consistent with assumptions used in the determination of their value. Amortization of all other finite-lived identifiable intangible assets is computed using the straight-line method over the estimated period of benefit. Amortization of identifiable intangible assets is included in selling, distribution and administrative expenses in the accompanying statements of consolidated income. Identifiable intangible assets with finite lives are reviewed for impairment when changes in conditions indicate carrying value may not be recoverable. Identifiable intangible assets with indefinite lives are reviewed for impairment on an annual basis or whenever changes in conditions indicate an evaluation should be completed. The Company does not currently have any indefinite lived identifiable intangible assets. Self-Insurance Liabilities The Company maintains business insurance programs with significant self-insured retention covering workers’ compensation, business, automobile, general product liability and other claims. The Company accrues estimated losses including those incurred but not reported using actuarial calculations, models and assumptions based on historical loss experience. The Company also maintains a self-insured health benefits plan which provides medical benefits to U.S. based employees electing coverage under the plan. The Company estimates its reserve for all unpaid medical claims, including those incurred but not reported, based on historical experience, adjusted as necessary based upon management’s reasoned judgment. Revenue Recognition Sales are recognized when there is evidence of an arrangement, the sales price is fixed, collectibility is reasonably assured and the product’s title and risk of loss is transferred to the customer. Typically, these conditions are met when the product is shipped to the customer. The Company charges shipping and handling fees when products are shipped or delivered to a customer, and includes such amounts in net sales. The Company reports its sales net of actual sales returns and the amount of reserves established for anticipated sales returns based on historical rates. Sales tax collected from customers is excluded from net sales in the accompanying statements of consolidated income. Shipping and Handling Costs The Company records freight payments to third parties in cost of sales and internal delivery costs in selling, distribution and administrative expenses in the accompanying statements of consolidated income. Internal delivery costs in selling, distribution and administrative expenses were approximately $24,430 , $16,230 and $15,560 for the fiscal years ended June 30, 2015 , 2014 and 2013 , respectively . Income Taxes Income taxes are determined based upon income and expenses recorded for financial reporting purposes. Deferred income taxes are recorded for estimated future tax effects of differences between the bases of assets and liabilities for financial reporting and income tax purposes, giving consideration to enacted tax laws. Uncertain tax positions meeting a more-likely-than-not recognition threshold are recognized in accordance with the Income Taxes topic of the ASC (Accounting Standards Codification). The Company recognizes accrued interest and penalties related to unrecognized income tax benefits in the provision for income taxes. Share-Based Compensation Share-based compensation represents the cost related to share-based awards granted to employees under either the 2011 Long-Term Performance Plan or the 2007 Long-Term Performance Plan. The Company measures share-based compensation cost at the grant date, based on the estimated fair value of the award and recognizes the cost over the requisite service period. Non-qualified stock appreciation rights (SARs) and stock options are granted with an exercise price equal to the closing market price of the Company’s common stock at the date of grant and the fair values are determined using a Black-Scholes option pricing model, which incorporates assumptions regarding the expected volatility, the expected option life, the risk-free interest rate and the expected dividend yield. SARs and stock option awards generally vest over four years of continuous service and have ten -year contractual terms. The fair value of restricted stock awards, restricted stock units (RSUs), and performance shares are based on the closing market price of Company common stock on the grant date. Treasury Shares Shares of common stock repurchased by the Company are recorded at cost as treasury shares and result in a reduction of shareholders’ equity in the consolidated balance sheets. The Company uses the weighted-average cost method for determining the cost of shares reissued. The difference between the cost of the shares and the reissuance price is added to or deducted from additional paid-in capital. Changes in Accounting Principle U.S. Inventory Costing Methodology From fiscal 2013 through the end of fiscal 2014, the Company implemented SAP as its new enterprise resource planning system (ERP) at its U.S. service centers. As implementation occurred at each service center, the method used to apply the link chain dollar value last-in first-out (LIFO) method of accounting changed for the inventories at that location. The new inventory costing methodology utilizes the weighted-average cost method to determine the current year LIFO indices as well as any new LIFO layers established, whereas previously, current costs were used. Upon completion of the implementation, on July 1, 2014 the Company changed its accounting policy to the new method. Differences between amounts recognized in the financial statements during the implementation period and the previous accounting policy prior to July 1, 2014 were immaterial. The Company believes that this change in accounting principle is preferable under the circumstances because weighted-average cost will provide a better reflection of actual transactions and inventory purchases, resulting in improved matching of actual costs and current revenues. This change will also result in greater consistency in inventory costing across the organization, as certain other U.S. locations were previously using weighted-average cost for similar LIFO calculations in their legacy inventory systems, and the new ERP system will make inventory costing a more efficient process within the U.S. ASC 250, "Accounting Changes and Error Corrections ," requires that unless it is impracticable to do so, the voluntary adoption of a new accounting principle should be done retrospectively to all prior periods. Before July 1, 2014, the Company’s former ERP system did not capture weighted-average costs within the U.S. and the data needed to recalculate previous LIFO indices does not exist. Thus, the Company has concluded it is impracticable to recognize a cumulative effect or to retrospectively apply the effect of this change in accounting principle prior to July 1, 2014, but believes that those effects would be immaterial in all periods. 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 the 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 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 was $1,200 of income for the month of June 2013 and has been included within “Other (Income) Expense, net” on the statement of consolidated income for the year ended June 30, 2014. The statement of consolidated income for the year ended June 30, 2014 reflects the same results, had the financial statements been retrospectively adjusted, with the exception of net income which would have decreased by $ 1,200 . Net sales, operating income and net income for the year ended June 30, 2013 would have decreased by $ 1,050 , $ 600 and $ 500 had the financial statements been retrospectively adjusted. 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 the 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 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 was $ 200 of income for the month of December 2013 and has been included within “Other (Income) Expense, net” on the statement of consolidated income for year ended June 30, 2014. Net sales, operating income and net income for the year ended June 30, 2014 would have decreased by $1,100 , $100 and $250 had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the year ended June 30, 2013 would have decreased by $ 900 , $ 400 and $ 250 had the financial statements been retrospectively adjusted. New Accounting Pronouncements In May 2014, the FASB issued its final standard on the recognition of revenue from contracts with customers. In June 2014, the FASB issued its final standard on accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The standard, issued as ASU 2014-12, clarifies that a performance target that affects vesting and that can be achieved after the requisite service period, should be treated as a performance condition. The update is effective for financial statement periods beginning after December 15, 2015, with early adoption permitted. The Company has not determined the impact of this pronouncement on its financial statements and related disclosures. In April 2015, the FASB issued its final standard on simplifying the presentation of debt issue costs. This standard, issued as ASU 2015-03, requires that all costs incurred to issue debt be presented in the balance sheet as a direct reduction from the carrying value of the debt, similar to the presentation of debt discounts. This update is effective for financial statement periods beginning after December 15, 2015, and interim periods within those fiscal years, with early adoption permitted. The impact of the adoption of this guidance will result in the reclassification of the unamortized debt issuance costs on the consolidated balance sheets, which were $622 and $703 at June 30, 2015 and 2014, respectively.

Business Combinations

Business Combinations	12 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS The operating results of all acquired entities are included within the consolidated operating results of the Company from the date of each respective acquisition. Knox Acquisition On July 1, 2014, the Company acquired 100% of the outstanding stock of Knox Oil Field Supply Inc. (“Knox”), headquartered in San Angelo, Texas, for total consideration of $132,000 , including cash paid of $118,000 at closing. The primary reason for the acquisition of Knox is to complement and expand the Company’s capabilities to serve the upstream oil and gas industry in the United States. As a distributor of oilfield supplies and related services, this business is included in the Service Center Based Distribution Segment. The Company funded the acquisition by drawing $120,000 from the previously uncommitted shelf facility with Prudential Investment Management at a fixed interest rate of 3.19% with an average seven year life. The remaining $14,000 purchase price will be paid as acquisition holdback payments on the first three anniversaries of the acquisition with interest at a fixed rate of 1.50% per annum. The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of Knox based on their estimated fair values at the acquisition date: Knox Acquisition 2015 Accounts receivable $ 19,100 Inventories 18,800 Property 3,900 Identifiable intangible assets 58,500 Goodwill 63,200 Total assets acquired 163,500 Accounts payable and accrued liabilities 7,200 Deferred income taxes 24,300 Net assets acquired $ 132,000 Purchase price $ 132,800 Reconciliation of fair value transferred: Working Capital Adjustments (800 ) Total Consideration $ 132,000 None of the goodwill acquired is expected to be deductible for income tax purposes. The goodwill recognized is attributable primarily to expected synergies and other benefits that the Company believes will result from the acquisition of Knox. Reliance Acquisition On May 1, 2014, the Company acquired 100% of the outstanding stock of Reliance Industrial Products (“Reliance”), headquartered in Nisku, Alberta, Canada, with operations in Western Canada and the Western United States, for a total purchase price in the amount of $188,500 . The primary reasons for the acquisition are to provide the Company enhanced capabilities to serve the upstream oil and gas industry in the United States and Canada. A distributor of fluid conveyance and oilfield supplies, this business is included in 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 of $20,000 to be paid in equal amounts as acquisition holdback payments on the first two anniversaries of the acquisition, plus interest at 2% per annum. The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of Reliance based on their estimated fair values at the acquisition date: Reliance Acquisition 2014 Accounts receivable $ 20,600 Inventories 22,900 Other current assets 6,000 Property 12,900 Identifiable intangible assets 73,200 Goodwill 79,500 Total assets acquired 215,100 Accounts payable and accrued liabilities 15,800 Deferred income taxes 19,500 Net assets acquired $ 179,800 Purchase price $ 188,500 Reconciliation of fair value transferred: Cash acquired (1,400 ) Working capital adjustments (8,200 ) Debt assumed 900 Total Consideration $ 179,800 None of the goodwill acquired is expected to be deductible for income tax purposes. The goodwill recognized is attributable primarily to expected synergies and other benefits that the Company believes will result from the acquisition of Reliance. The Company incurred $1,448 in third party costs during fiscal 2014 pertaining to the acquisition of Reliance. These expenses are included in the selling, distribution and administration expense line in the statement of consolidated income for the year ended June 30, 2014. Knox and Reliance Pro Forma Results (Unaudited) The following unaudited pro forma consolidated results of operations have been prepared as if the Reliance acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2013 and the Knox acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2014: Pro forma, year ended June 30: 2014 2013 Sales $ 2,687,903 $ 2,600,453 Operating income $ 184,164 $ 187,419 Net income $ 121,158 $ 128,779 Diluted net income per share $ 2.86 $ 3.03 These pro forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results to reflect additional depreciation and amortization that would have been charged assuming the fair value adjustments to property, plant, and equipment, and amortizable intangible assets had been applied as of July 1, 2013. In addition, pro forma adjustments have been made for the interest expense that would have been incurred as a result of the indebtedness used to finance the acquisitions. The pro forma net income amounts also incorporate an adjustment to the recorded income tax expense for the income tax effect of the pro forma adjustments described above. These pro forma results of operations do not include any anticipated synergies or other effects of the planned integration of Reliance and Knox; accordingly, such pro forma adjustments do not purport to be indicative of the results of operations that actually would have resulted had the acquisitions occurred as of the date indicated or that may result in the future . Other Fiscal 2015 Acquisitions Other acquisitions during the year include the acquisition of substantially all of the net assets of Rodamientos y Derivados del Norte S.A. de C.V., a Mexican distributor of bearings and power transmission products and related products, and Great Southern Bearings / Northam Bearings, a Western Australia distributor of bearings and power transmission products on July 1, 2014 as well as Ira Pump and Supply Inc. (Ira Pump) a Texas distributor of oilfield pumps and supplies on November 3, 2014. These companies are included in the Service Center Based Distribution Segment. The total combined consideration for these acquisitions was approximately $54,900 . Net tangible assets acquired were $21,200 and intangibles including goodwill were $33,700 , based upon estimated fair values at the acquisition date. The estimated fair values related to Ira Pump are preliminary and subject to adjustment. The Company funded these acquisitions from borrowings under our existing debt facilities. Total acquisition holdback payments of $6,900 will be paid at various times through July 2017. The results of operations for the Mexican, Australian and Ira Pump acquisitions are not material for any period presented. Other Fiscal 2014 Acquisitions 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. The purchase price for this acquisition was $17,000 , tangible assets acquired was $3,863 and intangibles, including goodwill was $13,137 . The purchase price includes $2,550 of acquisition holdback payments which have been paid into an escrow account controlled by a third party. The acquisition price and the results of operations of the acquired entity are not material in relation to the Company’s consolidated financial statements. Fiscal 2013 Acquisitions In December 2012, the Company acquired substantially all of the net assets of Norma Bearings, Inc., a distributor of bearings and power transmission products, located in Laval, Quebec. The acquired business is included in the Service Center Based Distribution segment. In December 2012, the Company acquired substantially all of the net assets of Parts Associates, Inc., a distributor of maintenance supplies and solutions, headquartered in Cleveland, Ohio. The acquired business is included in the Service Center Based Distribution segment. In November 2012, the Company acquired substantially all of the net assets of Hyquip, Inc., a Wisconsin distributor of a broad line of hydraulic, rubber and plastic industrial hose and tubing, plus related accessories. The acquired business is included in the Fluid Power Businesses segment. In September 2012, the Company acquired 100% of the outstanding stock of Bearings & Oil Seals Specialists Inc., a distributor of gaskets, seals, bearing and power transmission products, located in Hamilton, Ontario. The acquired business is included in the Service Center Based Distribution segment. In August 2012, the Company acquired 100% of the outstanding stock of SKF Group's company-owned distribution business in Australia and New Zealand ("Applied Australia"). As one of the largest bearing suppliers in these markets, Applied Australia also distributes seals, lubrication products, and power transmission products. The acquired business is included in the Service Center Based Distribution segment. The following table summarizes the fair values of assets acquired and liabilities assumed for these acquisitions: 2013 Accounts receivable $ 7,500 Inventories 23,700 Other current assets 200 Property 1,100 Identifiable Intangibles assets 19,800 Goodwill 24,400 Total assets acquired 76,700 Accounts payable and accrued liabilities 1,900 Other current liabilities 6,200 Net assets acquired $ 68,600 Purchase price $ 68,600 The purchase price included $1,015 that was deferred, some of which has been paid as acquisition holdback payments in fiscal 2015 and 2014. Additional 2013 pro-forma information has not been included as it is not material. Holdback Liabilities for Acquisitions Acquisition holdback payments of approximately $19,200 , $6,500 and $3,900 will be made in fiscal 2016, 2017 and 2018, respectively. The related liabilities for these payments are recorded in the Consolidated Balance Sheets in other current liabilities for the amounts due in fiscal year 2016 and other liabilities for the amounts due in fiscal years 2017 through 2018.

Inventories

Inventories	12 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consist of the following: June 30, 2015 2014 U.S. inventories at average cost $ 397,524 $ 363,692 Foreign inventories at average cost 116,674 123,468 514,198 487,160 Less: Excess of average cost over LIFO cost for U.S. inventories 151,779 151,413 Inventories on consolidated balance sheets $ 362,419 $ 335,747 In fiscal 2013 , reductions in U.S. inventories, primarily in the bearings pool, resulted in liquidation of LIFO inventory quantities carried at lower costs prevailing in prior years. The overall impact of LIFO layer liquidations increased gross profit by $6,300 in fiscal 2013 . There were no LIFO layer liquidations in fiscal 2015 or 2014 .

Goodwill and Intangibles

Goodwill and Intangibles	12 Months Ended
	Jun. 30, 2015
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 years ended June 30, 2015 and 2014 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 year 84,798 — 84,798 Other, primarily currency translation 1,847 — 1,847 Balance at June 30, 2014 192,565 929 193,494 Goodwill acquired during the year 77,728 — 77,728 Other, primarily currency translation (16,816 ) — (16,816 ) Balance at June 30, 2015 $ 253,477 $ 929 $ 254,406 At June 30, 2015 , 2014 and 2013, accumulated goodwill impairment losses subsequent to fiscal year 2002 totaled $36,605 and relate entirely to the Fluid Power Businesses segment. The Company has seven reporting units and performed its annual goodwill impairment assessment as of January 1, 2015. The Company concluded that five of the reporting units had material excesses of fair value compared to their carrying amounts. The Company concluded that two reporting units (Canada service center and Australia / New Zealand) had excess fair value of approximately $39,000 and $4,000 or 15% and 14% , respectively when compared to the carrying amounts of approximately $258,000 and $28,000 , respectively. The techniques used in the Company's impairment test have incorporated a number of assumptions that the Company believes to be reasonable and to reflect market conditions forecast at the assessment date. Assumptions in estimating future cash flows are subject to a high degree of judgment. The Company makes all efforts to forecast future cash flows as accurately as possible with the information available at the time the forecast is made. To this end, the Company evaluates the appropriateness of its assumptions as well as its overall forecasts by comparing projected results of upcoming years with actual results of preceding years and validating that differences therein are reasonable. Key assumptions, all of which are Level 3 inputs, relate to pricing trends, inventory costs, discount rate, customer demand, and the long-term growth and foreign exchange rates. A number of benchmarks from independent industry and other economic publications were also used. Changes in future actual results, assumptions and estimates after the assessment date may lead to an outcome where impairment charges would be required in future periods. Specifically, actual results may vary from the Company’s forecasts and such variations may be material and unfavorable, thereby triggering the need for future impairment tests where the conclusions may differ in reflection of prevailing market conditions. The Company's identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following : June 30, 2015 Amount Accumulated Amortization Net Book Value Finite-Lived Intangibles: Customer relationships $ 225,332 $ 65,789 $ 159,543 Trade names 42,689 13,187 29,502 Vendor relationships 14,465 7,258 7,207 Non-competition agreements 4,578 2,002 2,576 Total Intangibles $ 287,064 $ 88,236 $ 198,828 June 30, 2014 Amount Accumulated Amortization Net Book Value Finite-Lived Intangibles: Customer relationships $ 170,395 $ 48,285 $ 122,110 Trade names 36,912 10,394 26,518 Vendor relationships 15,446 6,628 8,818 Non-competition agreements 3,322 1,260 2,062 Total Intangibles $ 226,075 $ 66,567 $ 159,508 Amounts include the impact of foreign currency translation. Fully amortized amounts are written off. During 2015 , the Company acquired identifiable intangible assets with an acquisition cost allocation and weighted-average life as follows: Acquisition Cost Allocation Weighted-Average Life Customer relationships $ 68,078 19.5 years Trade names 7,627 14.7 years Non-competition agreements 1,664 5.0 years Total Intangibles Acquired $ 77,369 18.7 years A mortization of identifiable intangibles totaled $25,797 , $14,023 and $ 13,233 in fiscal 2015 , 2014 and 2013 , respectively, and is included in selling, distribution and administrative expenses in the statements of consolidated income. Future amortization expense based on the Company’s identifiable intangible assets as of June 30, 2015 is estimated to be $24,600 for 2016 , $23,000 for 2017 , $20,900 for 2018 , $19,200 for 2019 and $17,500 for 2020 . A significant portion of our intangible assets relate to recent acquisitions that primarily operate in the oil and gas sectors. Considering the recent downturn in the energy market, a prolonged period of low oil and natural gas prices may result in asset impairments, including potential impairment of the carrying value of our goodwill and finite-lived intangible assets.

Debt

Debt	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
DEBT	DEBT Revolving Credit Facility The Company has a revolving credit facility with a group of banks expiring in May 2017 . This agreement provides for unsecured borrowings of up to $150,000 . Fees on this facility range from 0.09% to 0.175% per year based upon the Company's leverage ratio at each quarter end. Borrowings under this agreement carry variable interest rates tied to either LIBOR, prime, or the bank’s cost of funds at the Company’s discretion. This agreement also enables the Company to refinance this debt on a long-term basis. At June 30, 2015 and 2014 , the Company had $52,000 and $69,000 , respectively, outstanding under this credit facility. Unused lines under this facility, net of outstanding letters of credit of $3,764 to secure certain insurance obligations, totaled $94,236 at June 30, 2015 and are available to fund future acquisitions or other capital and operating requirements. The weighted-average interest rate on the loans outstanding on the revolving credit facility as of June 30, 2015 was 1.15% . Additionally, the Company had letters of credit outstanding with a separate bank, not associated with the revolving credit agreement, in the amount of $1,841 , in order to secure certain insurance obligations. Long-Term Borrowings The Company entered into a $100,000 unsecured five-year term loan with a group of banks in April 2014 with a final maturity date in April 2019. Borrowings under this agreement carry a variable interest rate tied to LIBOR, which at June 30, 2015 was a rate of 1.19% . The term loan has an outstanding amount of $96,875 and $99,375 at June 30, 2015 and 2014 , respectively. In April 2014 the Company assumed $2,359 of debt as a part of the headquarters facility acquisition. The 1.5% fixed interest rate note is held by the State of Ohio Development Services Agency with a remaining term of nine years, maturing in May 2024. At June 30, 2015 and 2014 , $2,120 and $2,337 was outstanding, respectively. At June 30, 2015 , the Company had borrowings outstanding under its unsecured shelf facility agreement with Prudential Investment Management of $170,000 . The "Series C" notes have a principal amount of $120,000 and carry a fixed interest rate of 3.19% , which is due in equal principal payments in July 2020, 2021 and 2022. The "Series D" notes have a principle amount of $50,000 and carry a fixed interest rate of 3.21% which is due in equal principal payments in October 2019 and 2023. As of June 30, 2015 , $50,000 in additional financing was available under this facility. The table below summarizes the aggregate maturities of amounts outstanding under long-term borrowing arrangements for each of the next five years: Fiscal Year Aggregate Maturity 2016 $ 3,349 2017 $ 57,227 2018 $ 5,856 2019 $ 83,359 2020 $ 25,238 Thereafter $ 145,966 Covenants The revolving credit facility, the term loan agreement, and the unsecured shelf facility contain restrictive covenants regarding liquidity, net worth, financial ratios, and other covenants. At June 30, 2015 , the most restrictive of these covenants required that the Company have net indebtedness less than three times consolidated income before, interest, taxes, depreciation and amortization.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Marketable securities measured at fair value at June 30, 2015 and June 30, 2014 totaled $9,330 and $11,011 , respectively. The majority of these marketable securities are held in a rabbi trust for a non-qualified deferred compensation plan. The marketable securities are included in other assets on the consolidated balance sheets and their fair values were valued using quoted market prices (Level 1 in the fair value hierarchy). As of June 30, 2015 , the carrying value of the Company's fixed interest rate debt outstanding under its unsecured shelf facility agreement with Prudential Investment Management approximates fair value (Level 2 in the fair value hierarchy). The revolving credit facility and the term loan contain variable interest rates and their carrying values approximate fair value (Level 2 in the fair value hierarchy).

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Before Income Taxes The components of income before income taxes are as follows: Year Ended June 30, 2015 2014 2013 U.S. $ 152,618 $ 147,980 $ 153,546 Foreign 23,253 18,282 24,119 Income before income taxes $ 175,871 $ 166,262 $ 177,665 Provision The provision (benefit) for income taxes consists of: Year Ended June 30, 2015 2014 2013 Current: Federal $ 52,861 $ 50,455 $ 38,859 State and local 6,884 6,576 5,736 Foreign 5,603 4,619 4,742 Total current 65,348 61,650 49,337 Deferred: Federal (3,799 ) (5,328 ) 10,277 State and local (153 ) (267 ) 346 Foreign (1,009 ) (2,614 ) (444 ) Total deferred (4,961 ) (8,209 ) 10,179 Total $ 60,387 $ 53,441 $ 59,516 The exercise of non-qualified stock appreciation rights and options during fiscal 2015 , 2014 and 2013 resulted in $352 , $1,462 and $1,675 , respectively, of income tax benefits to the Company derived from the difference between the market price at the date of exercise and the option price. Vesting of stock awards and other stock compensation in fiscal 2015 , 2014 and 2013 resulted in $690 , $1,211 and $890 , respectively, of incremental income tax benefits over the amounts previously reported for financial reporting purposes. These tax benefits were recorded in additional paid-in capital. Effective Tax Rates The following reconciles the U.S. federal statutory income tax rate to the Company’s effective income tax rate: Year Ended June 30, 2015 2014 2013 Statutory income tax rate 35.0 % 35.0 % 35.0 % Effects of: State and local taxes 2.5 % 2.4 % 2.3 % U.S. tax on foreign income, net — % (1.6 )% — % Foreign income taxes (2.5 )% (2.6 )% (2.3 )% Deductible dividend (0.5 )% (0.5 )% (0.5 )% Valuation Allowance 0.5 % — % — % Other, net (0.7 )% (0.6 )% (1.0 )% Effective income tax rate 34.3 % 32.1 % 33.5 % Consolidated Balance Sheets Significant components of the Company’s deferred tax assets and liabilities are as follows: June 30, 2015 2014 Deferred tax assets: Compensation liabilities not currently deductible $ 28,902 $ 30,662 Expenses and reserves not currently deductible 9,115 8,364 Goodwill and intangibles 7,363 8,294 Foreign tax credit 1,155 — Net operating loss carryforwards (expiring in years 2017-2034) 860 386 Other 289 281 Total deferred tax assets 47,684 47,987 Less: Valuation allowance (917 ) — Deferred tax assets, net of valuation allowance 46,767 47,987 Deferred tax liabilities: Inventories (5,499 ) (6,490 ) Goodwill and intangibles (38,707 ) (23,254 ) Depreciation and differences in property bases (9,328 ) (10,219 ) Total deferred tax liabilities (53,534 ) (39,963 ) Net deferred tax (liabilities) assets $ (6,767 ) $ 8,024 Net deferred tax (liabilities) assets are classified as follows: Other current assets $ 13,293 $ 11,371 Deferred tax assets (long-term) 97 21,166 Other liabilities (20,157 ) (24,513 ) Net deferred tax (liabilities) assets $ (6,767 ) $ 8,024 Valuation allowances are provided against deferred tax assets where it is considered more-likely-than-not that the Company will not realize the benefit of such assets. The remaining net deferred tax asset is the amount management believes is more-likely-than-not of being realized. The realization of these deferred tax assets can be impacted by changes to tax laws, statutory rates and future income levels. U.S. federal income taxes are provided on the portion of non-U.S. subsidiaries' income that is not considered to be permanently reinvested outside the U.S. and may be remitted to the U.S. At June 30, 2015 , undistributed earnings of non-U.S. subsidiaries considered to be permanently reinvested and for which no U.S. tax has been provided totaled approximately $139,042 . Determination of the net amount of the unrecognized tax liability with respect to the distribution of these earnings is not practicable; however, foreign tax credits would be available to partially reduce U.S. income taxes in the event of a distribution. In 2014, the Company recognized a tax benefit of $2,804 related to U.S. tax on foreign income which reduced the Company's effective tax rate by approximately 1.6% . This tax benefit was due to the reversal of taxes previously accrued on a portion of the undistributed earnings of non-U.S. subsidiaries applicable to a change in the permanent reinvestment assertion. In 2015, $17,793 of cash was distributed by one of the Company's non-U.S. subsidiaries as a non-taxable return of capital. All undistributed earnings of non-U.S. subsidiaries are considered to be permanently reinvested outside of the U.S. at June 30, 2015 . Unrecognized Income Tax Benefits The Company and its subsidiaries file income tax returns in U.S. federal, various state, local and foreign jurisdictions. The following table sets forth the changes in the amount of unrecognized tax benefits for the years ended June 30, 2015, 2014 and 2013: Year Ended June 30, 2015 2014 2013 Unrecognized Income Tax Benefits at beginning of the year $ 2,364 $ 2,655 $ 1,539 Current year tax positions 472 730 957 Prior year tax positions — — 790 Expirations of statutes of limitations (160 ) (1,007 ) (565 ) Settlements (72 ) (14 ) (66 ) Unrecognized Income Tax Benefits at end of year $ 2,604 $ 2,364 $ 2,655 Included in the balance of unrecognized income tax benefits at June 30, 2015 , 2014 and 2013 are $2,377 , $2,104 and $2,342 , respectively, of income tax benefits that, if recognized, would affect the effective income tax rate. During 2015 , 2014 and 2013 , the Company recognized $49 and $16 and $3 of expense, respectively, for interest and penalties related to unrecognized income tax benefits in its statements of consolidated income. The Company had a liability for penalties and interest of $497 and $449 as of June 30, 2015 and 2014 , respectively. The Company does not anticipate a significant change to the total amount of unrecognized income tax benefits within the next twelve months. The Company is subject to U.S. federal income tax examinations for the tax years 2012 through 2015 and to state and local income tax examinations for the tax years 2009 through 2015. In addition, the Company is subject to foreign income tax examinations for the tax years 2008 through 2015. The Company’s unrecognized income tax benefits are included in other liabilities in the consolidated balance sheets since payment of cash is not expected within one year.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS’ EQUITY Treasury Shares At June 30, 2015 , 596 shares of the Company’s common stock held as treasury shares were restricted as collateral under escrow arrangements relating to change in control and director and officer indemnification agreements. Accumulated Other Comprehensive Income (Loss) Changes in the accumulated other comprehensive income (loss) for the years ended June 30, 2015 and 2014, is comprised of the following : Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Postemployment benefits Total Accumulated other comprehensive income (loss) Balance at July 1, 2012 $ 1,718 $ (58 ) $ (6,229 ) $ (4,569 ) Other comprehensive income (loss) (1,358 ) 6 1,967 615 Amounts reclassified from accumulated other comprehensive income (loss) — — 533 533 Net current-period other comprehensive income (loss), net of taxes (1,358 ) 6 2,500 1,148 Balance at June 30, 2013 $ 360 $ (52 ) $ (3,729 ) $ (3,421 ) Other comprehensive income (loss) 629 73 871 1,573 Amounts reclassified from accumulated other comprehensive income (loss) — — 233 233 Net current-period other comprehensive income (loss), net of taxes 629 73 1,104 1,806 Balance at June 30, 2014 $ 989 $ 21 $ (2,625 ) $ (1,615 ) Other comprehensive income (loss) (58,233 ) (25 ) (472 ) (58,730 ) Amounts reclassified from accumulated other comprehensive income (loss) — — 174 174 Net current-period other comprehensive income (loss), net of taxes (58,233 ) (25 ) (298 ) (58,556 ) Balance at June 30, 2015 $ (57,244 ) $ (4 ) $ (2,923 ) $ (60,171 ) Other Comprehensive Income (Loss) Details of other comprehensive income (loss) are as follows: Year Ended June 30, 2015 2014 2013 Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (58,233 ) $ — $ (58,233 ) $ 629 $ — $ 629 $ (1,358 ) $ — $ (1,358 ) Postemployment benefits: Actuarial gain (loss) on remeasurement (776 ) (304 ) (472 ) 1,402 531 871 3,153 1,186 1,967 Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs 286 112 174 382 149 233 872 339 533 Unrealized gain (loss) on investment securities available for sale (38 ) (13 ) (25 ) 112 39 73 10 4 6 Other comprehensive income (loss) $ (58,761 ) $ (205 ) $ (58,556 ) $ 2,525 $ 719 $ 1,806 $ 2,677 $ 1,529 $ 1,148 Net Income Per Share Basic net income per share is based on the weighted-average number of common shares outstanding. Diluted net income per share includes the dilutive effect of potential common shares outstanding. Under the two-class method of computing net income per share, non-vested share-based payment awards that contain rights to receive non-forfeitable dividends are considered participating securities. The Company’s participating securities include RSUs and restricted stock awards. The Company calculated basic and diluted net income per share under both the treasury stock method and the two-class method. For the years presented there were no material differences in the net income per share amounts calculated using the two methods. Accordingly, the treasury stock method is disclosed below. The following table presents amounts used in computing net income per share and the effect on the weighted-average number of shares of dilutive potential common shares: Year Ended June 30, 2015 2014 2013 Net Income $ 115,484 $ 112,821 $ 118,149 Average Shares Outstanding: Weighted-average common shares outstanding for basic computation 40,892 41,942 42,060 Dilutive effect of potential common shares 295 389 482 Weighted-average common shares outstanding for dilutive computation 41,187 42,331 42,542 Net Income Per Share — Basic $ 2.82 $ 2.69 $ 2.81 Net Income Per Share — Diluted $ 2.80 $ 2.67 $ 2.78 Stock appreciation rights and options relating to 435 , 289 and 212 shares of common stock were outstanding at June 30, 2015 , 2014 and 2013 , respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.

Share - Based Compensation

Share - Based Compensation	12 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Share-Based Incentive Plans The 2011 Plan, which expires in 2016, provides for granting of SARs, stock options, stock awards, cash awards, and such other awards or combination thereof as the Executive Organization and Compensation Committee or, in the case of director awards, the Corporate Governance Committee of the Board of Directors (together referred to as the Committee) may determine to officers, other key employees and members of the Board of Directors. Grants are generally made at regularly scheduled, committee meetings. Compensation costs charged to expense under award programs paid (or to be paid) with shares (including SARs, stock options, performance shares, restricted stock, and RSUs) are summarized in the table below: Year Ended June 30, 2015 2014 2013 SARs and options $ 1,610 $ 1,808 $ 2,317 Performance shares 836 309 1,074 Restricted stock and RSUs 2,015 2,394 2,370 Total compensation costs under award programs $ 4,461 $ 4,511 $ 5,761 Such amounts are included in selling, distribution and administrative expense in the accompanying statements of consolidated income. The total income tax benefit recognized in the statements of consolidated income for share-based compensation plans was $1,749 , $1,768 and $2,241 for fiscal years 2015 , 2014 and 2013 , respectively. It has been the practice of the Company to issue shares from treasury to satisfy requirements of awards paid with shares. The aggregate unrecognized compensation cost for share-based award programs paid (or with the potential to be paid) at June 30, 2015 are summarized in the table below: June 30, (Shares in thousands) 2015 Expected Period of Recognition (Years) SARs and options $ 1,792 2.4 Performance shares 3,701 1.7 Restricted stock and RSUs 1,898 2.3 Total unrecognized compensation costs under award programs $ 7,391 2.0 Cost of these programs will be recognized as expense over the weighted-average remaining vesting period of 2.0 years. The aggregate number of shares of common stock which may be awarded under the 2011 Plan is 2,000 ; shares available for future grants at June 30, 2015 were 1,107 . Stock Appreciation Rights and Stock Options The weighted-average assumptions used for SARs and stock option grants issued in fiscal 2015 , 2014 and 2013 are: 2015 2014 2013 Expected life, in years 4.7 4.6 5.5 Risk free interest rate 1.4 % 1.3 % 0.9 % Dividend yield 2.5 % 2.5 % 2.5 % Volatility 29.0 % 31.8 % 43.3 % Per share fair value of SARs and stock options granted during the year $9.53 $11.02 $13.11 The expected life is based upon historical exercise experience of the officers, other key employees and members of the Board of Directors. The risk free interest rate is based upon U.S. Treasury zero-coupon bonds with remaining terms equal to the expected life of the SARs and stock options. The assumed dividend yield has been estimated based upon the Company’s historical results and expectations for changes in dividends and stock prices. The volatility assumption is calculated based upon historical daily price observations of the Company’s common stock for a period equal to the expected life. SARs are redeemable solely in Company common stock. The exercise price of stock option awards may be settled by the holder with cash or by tendering Company common stock. A summary of SARs and stock options activity is presented below : Shares Weighted-Average Exercise Price Year Ended June 30, 2015 (Shares in thousands) Outstanding, beginning of year 1,039 $ 33.40 Granted 208 47.69 Exercised (75 ) 25.23 Forfeited (56 ) 48.47 Outstanding, end of year 1,116 $ 35.86 Exercisable at end of year 781 $ 31.32 The weighted-average remaining contractual terms for SARs and stock options outstanding and exercisable at June 30, 2015 were 5.6 and 4.5 years, respectively. The aggregate intrinsic values of SARs and stock options outstanding and exercisable at June 30, 2015 were $7,559 and $7,311 , respectively. The aggregate intrinsic value of the SARs and stock options exercised during fiscal 2015 , 2014 and 2013 was $1,601 , $5,241 and $7,135 , respectively. The total fair value of shares vested during fiscal 2015 , 2014 and 2013 was $2,187 , $2,080 and $2,135 , respectively. Performance Shares Performance shares are paid in shares of Applied stock at the end of a three -year period provided the Company achieves goals established by the committee. The number of Applied shares payable will vary depending on the level of the goals achieved. A summary of nonvested performance shares activity at June 30, 2015 is presented below : Shares Weighted-Average Grant-Date Fair Value Year Ended June 30, 2015 (Shares in thousands) Nonvested, beginning of year 41 $ 35.97 Awarded 18 49.43 Forfeitures (1 ) 50.40 Vested (20 ) 27.28 Nonvested, end of year 38 $ 46.66 The Committee set three one -year goals for each of the 2015, 2014 and 2013 grants. Each fiscal year during the three-year term has its own separate goals, tied to the Company’s earnings before interest, tax, depreciation, and amortization (EBITDA) and after-tax return on assets (ROA). Achievement during any particular fiscal year is awarded and “banked” for payout at the end of the three-year term. Based upon the outstanding grants as of June 30, 2015 , the maximum number of shares which could be earned in future periods was 78 . Restricted Stock and Restricted Stock Units Restricted stock award recipients are entitled to receive dividends on, and have voting rights with respect to their respective shares, but are restricted from selling or transferring the shares prior to vesting. Restricted stock awards vest over periods of one to four years. RSUs are grants valued in shares of Applied stock, but shares are not issued until the grants vest one to four years from the award date, assuming continued employment with Applied. Applied primarily pays dividend equivalents on RSUs on a current basis. A summary of the status of the Company’s non-vested restricted stock and RSUs at June 30, 2015 is presented below: Shares Weighted-Average Grant-Date Fair Value Year Ended June 30, 2015 (Share amounts in thousands) Nonvested, beginning of year 133 $ 37.60 Granted 48 46.48 Forfeitures (7 ) 48.81 Vested (84 ) 32.54 Nonvested, end of year 90 $ 46.18

Benefit Plans

Benefit Plans	12 Months Ended
	Jun. 30, 2015
General Discussion of Pension and Other Postretirement Benefits [Abstract]
BENEFIT PLANS	BENEFIT PLANS Retirement Savings Plan Substantially all U.S. employees participate in the Applied Industrial Technologies, Inc. Retirement Savings Plan. Participants may elect 401(k) contributions of up to 50% of their compensation, subject to Internal Revenue Code maximums. The Company partially matches 401(k) contributions by participants. The Company had also made discretionary profit-sharing contributions to the Retirement Savings Plan for fiscal 2013 . The discretionary profit-sharing contribution was ended in fiscal 2014. The Company’s expense for profit sharing and matching of employees’ 401(k) contributions was $3,156 , $2,788 and $11,231 during fiscal 2015 , 2014 and 2013 , respectively. Deferred Compensation Plans The Company has deferred compensation plans that enable certain employees of the Company to defer receipt of a portion of their compensation. Non-employee directors were able to defer receipt of director fees until January 1, 2015. The Company funds these deferred compensation liabilities by making contributions to rabbi trusts. Assets held in these rabbi trusts consist of investments in money market and mutual funds and Company common stock. Post-employment Benefit Plans The Company provides the following post-employment benefits which, except for the Qualified Defined Benefit Retirement Plan, are unfunded: Supplemental Executive Retirement Benefits Plan The Company has a non-qualified pension plan to provide supplemental retirement benefits to certain officers. Benefits are payable and determinable at retirement based upon a percentage of the participant’s historical compensation. The Executive Organization and Compensation Committee of the Board of Directors froze participant benefits (credited service and final average earnings) and entry into the Supplemental Executive Retirement Benefits Plan (SERP) effective December 31, 2011. Key Executive Restoration Plan In fiscal 2012, the Company adopted the Key Executive Restoration Plan (KERP), an unfunded, non-qualified deferred compensation plan, to replace the SERP. The Company recorded $300 , $234 and $233 of expense associated with this plan in fiscal 2015, 2014 and 2013, respectively. Qualified Defined Benefit Retirement Plan The Company has a qualified defined benefit retirement plan that provides benefits to certain hourly employees at retirement. These employees do not participate in the Retirement Savings Plan. The benefits are based on length of service and date of retirement. Salary Continuation Benefits The Company has agreements with certain retirees of acquired companies to pay monthly retirement benefits through fiscal 2020. Retiree Health Care Benefits The Company provides health care benefits, through third-party policies, to eligible retired employees who pay a specified monthly premium. Premium payments are based upon current insurance rates for the type of coverage provided and are adjusted annually. Certain monthly health care premium payments are partially subsidized by the Company. Additionally, in conjunction with a fiscal 1998 acquisition, the Company assumed the obligation for a post-retirement medical benefit plan which provides health care benefits to eligible retired employees at no cost to the individual. The Company uses a June 30 measurement date for all plans. The following table sets forth the changes in benefit obligations and plan assets during the year and the funded status for the post-employment plans at June 30: Pension Benefits Retiree Health Care Benefits 2015 2014 2015 2014 Change in benefit obligation: Benefit obligation at beginning of the year $ 34,558 $ 40,664 $ 2,790 $ 3,719 Service cost 97 77 53 48 Interest cost 896 1,180 95 139 Plan participants’ contributions — — 64 63 Benefits paid (6,697 ) (7,251 ) (238 ) (246 ) Amendments (8 ) 188 — Actuarial (gain) loss during year 1,148 (300 ) (620 ) (933 ) Benefit obligation at end of year $ 29,994 $ 34,558 $ 2,144 $ 2,790 Change in plan assets: Fair value of plan assets at beginning of year $ 7,245 $ 6,697 $ — $ — Actual gain (loss) on plan assets 247 763 — — Employer contributions 6,390 7,036 174 183 Plan participants’ contributions — — 64 63 Benefits paid (6,697 ) (7,251 ) (238 ) (246 ) Fair value of plan assets at end of year $ 7,185 $ 7,245 $ — $ — Funded status at end of year $ (22,809 ) $ (27,313 ) $ (2,144 ) $ (2,790 ) The amounts recognized in the consolidated balance sheets and in accumulated other comprehensive income (loss) for the post-employment plans were as follows: Pension Benefits Retiree Health Care Benefits June 30, 2015 2014 2015 2014 Amounts recognized in the consolidated balance sheets: Other current liabilities $ 5,256 $ 6,390 $ 220 $ 220 Post-employment benefits 17,553 20,923 1,924 2,570 Net amount recognized $ 22,809 $ 27,313 $ 2,144 $ 2,790 Amounts recognized in accumulated other comprehensive (loss) income: Net actuarial (loss) gain $ (7,311 ) $ (6,474 ) $ 1,492 $ 960 Prior service cost (208 ) (293 ) 1,219 1,490 Total amounts recognized in accumulated other comprehensive (loss) income $ (7,519 ) $ (6,767 ) $ 2,711 $ 2,450 The following table provides information for pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets: Pension Benefits June 30, 2015 2014 Projected benefit obligations $ 29,994 $ 34,558 Accumulated benefit obligations 29,994 34,558 Fair value of plan assets 7,185 7,245 The net periodic costs (benefits) are as follows: Pension Benefits Retiree Health Care Benefits Year Ended June 30, 2015 2014 2013 2015 2014 2013 Service cost $ 97 $ 77 $ 78 $ 53 $ 48 $ 80 Interest cost 896 1,180 1,260 95 139 188 Expected return on plan assets (495 ) (416 ) (403 ) — — — Recognized net actuarial loss (gain) 559 611 735 (87 ) (38 ) (53 ) Amortization of prior service cost 86 78 83 (272 ) (271 ) 107 Net periodic cost (benefits) $ 1,143 $ 1,530 $ 1,753 $ (211 ) $ (122 ) $ 322 The estimated net actuarial loss and prior service cost for the pension plans that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next fiscal year are $914 and $86 , respectively. The estimated net actuarial gain and income from prior service cost for the retiree health care benefits that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next fiscal year are $211 and $271 , respectively. Assumptions The discount rate is used to determine the present value of future payments. In general, the Company’s liability increases as the discount rate decreases and decreases as the discount rate increases. The Company computes a weighted-average discount rate taking into account anticipated plan payments and the associated interest rates from the Citigroup Pension Discount Yield Curve. During fiscal 2015, the Society of Actuaries released a series of updated mortality tables resulting from recent studies measuring mortality rates for various groups of individuals. As of June 30, 2015, the Company adopted these mortality tables, which reflect improved trends in longevity and have the effect of increasing the estimate of benefits to be received by plan participants. The weighted-average actuarial assumptions used to determine benefit obligations and net periodic benefit cost for the plans were as follows: Pension Benefits Retiree Health Care Benefits June 30, 2015 2014 2015 2014 Assumptions used to determine benefit obligations at year end: Discount rate 3.0 % 2.8 % 4.0 % 3.8 % Assumptions used to determine net periodic benefit cost: Discount rate 2.8 % 3.0 % 3.8 % 4.0 % Expected return on plan assets 7.0 % 7.0 % N/A N/A The assumed health care cost trend rates used in measuring the accumulated benefit obligation for retiree health care benefits were 6.8% and 7.0% as of June 30, 2015 and 2014 , respectively, decreasing to 5.0% by 2023. A one-percentage point change in the assumed health care cost trend rates would have had the following effects as of June 30, 2015 and for the year then ended: One-Percentage Point Increase Decrease Effect on total service and interest cost components of periodic expense $ 20 $ (17 ) Effect on post-retirement benefit obligation 209 (177 ) Plan Assets The fair value of each major class of plan assets for the Company’s Qualified Benefit Retirement Plan are valued using either quoted market prices in active markets for identical instruments; Level 1 in the fair value hierarchy, or other inputs that are observable, either directly or indirectly; Level 2 in the fair value hierarchy. Following are the fair values and target allocation as of June 30: Target Allocation Fair Value 2015 2014 Asset Class: Equity* securities (Level 1) 40 – 70% $ 4,022 $ 3,813 Debt securities (Level 2) 20 – 50% 2,930 3,155 Other (Level 1) 0 – 20% 233 277 Total 100% $ 7,185 $ 7,245 * Equity securities do not include any Company common stock. The Company has established an investment policy and regularly monitors the performance of the assets of the trust maintained in conjunction with the Qualified Defined Benefit Retirement Plan. The strategy implemented by the trustee of the Qualified Defined Benefit Retirement Plan is to achieve long-term objectives and invest the pension assets in accordance with ERISA and fiduciary standards. The long-term primary objectives are to provide for a reasonable amount of long-term capital, without undue exposure to risk; to protect the Qualified Defined Benefit Retirement Plan assets from erosion of purchasing power; and to provide investment results that meet or exceed the actuarially assumed long-term rate of return. The expected long-term rate of return on assets assumption was developed by considering the historical returns and the future expectations for returns of each asset class as well as the target asset allocation of the pension portfolio. Cash Flows Employer Contributions The Company expects to contribute $5,300 to its pension benefit plans and $170 to its retiree health care benefit plans in fiscal 2016. Contributions do not equal estimated future benefit payments as certain payments are made from plan assets. Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, as applicable, are expected to be paid in each of the next five years and in the aggregate for the subsequent five years: During Fiscal Years Pension Benefits Retiree Health Care Benefits 2016 $ 5,600 $ 170 2017 1,800 180 2018 2,300 190 2019 4,000 180 2020 3,300 170 2021 through 2025 7,400 620

Leases

Leases	12 Months Ended
	Jun. 30, 2015
Leases [Abstract]
LEASES	LEASES The Company leases many service center and distribution center facilities, vehicles and equipment under non-cancelable lease agreements accounted for as operating leases. The Company leased its corporate headquarters facility until purchasing it in April 2014. The minimum annual rental commitments under non-cancelable operating leases as of June 30, 2015 are as follows: During Fiscal Years 2016 $ 24,900 2017 19,700 2018 14,600 2019 10,900 2020 5,800 Thereafter 6,500 Total minimum lease payments $ 82,400 Rental expense incurred for operating leases, principally from leases for real property, vehicles and computer equipment was $39,300 in 2015 , $36,900 in 2014 and $36,300 in 2013 , and was classified within selling, distribution and administrative expenses on the Statements of Consolidated Income. The Company maintains lease agreements for many of the operating facilities of businesses it acquires from previous owners. In many cases, the previous owners of the business acquired, become employees of Applied and occupy management positions within those businesses. The payments under lease agreements of this nature totaled $3,100 , $2,500 and $1,200 in fiscal 2015, 2014 and 2013.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHIC INFORMATION	SEGMENT AND GEOGRAPHIC INFORMATION The Company's reportable segments are: Service Center Based Distribution and Fluid Power Businesses. These reportable segments contain the Company's various operating segments which have been aggregated based upon similar economic and operating characteristics. The Service Center Based Distribution segment provides customers with solutions to their maintenance, repair and original equipment manufacturing needs through the distribution of industrial products including bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion products, tools, safety products, and other industrial and maintenance supplies. The Fluid Power Businesses segment distributes fluid power components and operates shops that assemble fluid power systems and components, performs equipment repair, and offers technical advice to customers. The accounting policies of the Company’s reportable segments are generally the same as those described in note 1. Intercompany sales, primarily from the Fluid Power Businesses segment to the Service Center Based Distribution segment of $24,087 , $21,809 and $20,217 , in fiscal 2015 , 2014 and 2013 , respectively, have been eliminated in . Segment Financial Information Service Center Based Distribution Fluid Power Businesses Total Year Ended June 30, 2015 Net sales $ 2,254,768 $ 496,793 $ 2,751,561 Operating income for reportable segments 140,421 48,535 188,956 Assets used in the business 1,230,543 204,425 1,434,968 Depreciation and amortization of property 15,196 1,382 16,578 Capital expenditures 13,531 1,402 14,933 Year Ended June 30, 2014 Net sales $ 1,973,359 $ 486,519 $ 2,459,878 Operating income for reportable segments 118,857 44,621 163,478 Assets used in the business 1,116,311 217,858 1,334,169 Depreciation and amortization of property 12,399 1,578 13,977 Capital expenditures 18,744 1,446 20,190 Year Ended June 30, 2013 Net sales $ 2,003,440 $ 458,731 $ 2,462,171 Operating income for reportable segments 138,484 41,083 179,567 Assets used in the business 859,547 199,159 1,058,706 Depreciation and amortization of property 10,692 1,809 12,501 Capital expenditures 10,415 1,799 12,214 ERP related assets are included in assets used in the business and capital expenditures within the Service Center Based Distribution segment. Within the geographic disclosures, these assets are included in the United States. Expenses associated with the ERP are included in the Corporate and other 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 consolidated income before income taxes Year Ended June 30, 2015 2014 2013 Operating income for reportable segments $ 188,956 $ 163,478 $ 179,567 Adjustments for: Intangible amortization — Service Center Based Distribution 19,561 7,336 5,829 Intangible amortization — Fluid Power Businesses 6,236 6,687 7,404 Corporate and other income, net (21,460 ) (14,903 ) (10,065 ) Total operating income 184,619 164,358 176,399 Interest expense, net 7,869 249 165 Other expense (income), net 879 (2,153 ) (1,431 ) Income before income taxes $ 175,871 $ 166,262 $ 177,665 Fluctuations in corporate and other income, net, are due to changes in the levels and amounts of expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support and other items. Product Category Net sales by product category are as follows: Year Ended June 30, 2015 2014 2013 Industrial $ 2,013,447 $ 1,739,496 $ 1,776,172 Fluid power 738,114 720,382 685,999 Net sales $ 2,751,561 $ 2,459,878 $ 2,462,171 The fluid power product category includes sales of hydraulic, pneumatic, lubrication and filtration components and systems, and repair services through the Company’s Fluid Power Businesses segment as well as the Service Center Based Distribution segment. Geographic Information Net sales are presented in geographic areas based on the location of the facility shipping the product. Long-lived assets are based on physical locations and are comprised of the net book value of property and intangible assets. Information by geographic area is as follows: Year Ended June 30, 2015 2014 2013 Net Sales: United States $ 2,238,263 $ 2,031,142 $ 2,017,168 Canada 358,580 291,117 298,269 Other Countries 154,718 137,619 146,734 Total $ 2,751,561 $ 2,459,878 $ 2,462,171 June 30, 2015 2014 2013 Long-Lived Assets: United States $ 217,597 $ 153,945 $ 144,289 Canada 76,565 99,161 19,038 Other Countries 9,113 9,998 11,183 Total $ 303,275 $ 263,104 $ 174,510 Other countries consist of Mexico, Australia and New Zealand

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is a party to various pending judicial and administrative proceedings. Based on circumstances currently known, the Company believes the likelihood is remote that the ultimate resolution of any of these matters will have, either individually or in the aggregate, a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows.

Other Expense (Income), Net

Other Expense (Income), Net	12 Months Ended
	Jun. 30, 2015
Other (Income) Expense, Net [Abstract]
OTHER (INCOME) EXPENSE, NET	OTHER EXPENSE (INCOME), NET Other expense (income), net, consists of the following: Year Ended June 30, 2015 2014 2013 Unrealized (gain) loss on assets held in rabbi trust for a non-qualified deferred compensation plan $ (442 ) $ (1,683 ) $ (1,280 ) Elimination of one-month Canadian and Mexican reporting lag, effective July 1, 2013 and January 1, 2014, respectively — (1,342 ) — Foreign currency transaction (gains) losses 1,251 801 (143 ) Other, net 70 71 (8 ) Total other expense (income), net $ 879 $ (2,153 ) $ (1,431 )

Subsequent Event Subsequent Eve

Subsequent Event Subsequent Events (Notes)	12 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS We have evaluated events and transactions occurring subsequent to June 30, 2015 through the date the financial statements were issued. On August 3, 2015, the Company acquired all of the net assets of Atlantic Fasteners, located in Agawam, MA, for a purchase price of approximately $12,500 . The Company funded this acquisition from borrowings under the revolving credit facility at a variable interest rate. As a distributor of fasteners and industrial supplies, this business will be included in the Service Center Based Distribution Segment from August 3, 2015.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2015
Valuation and Qualifying Accounts [Abstract]
VALUATION AND QUALIFYING ACCOUNTS	APPLIED INDUSTRIAL TECHNOLOGIES, INC. & SUBSIDIARIES SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS YEARS ENDED JUNE 30, 2015, 2014, AND 2013 (in thousands) COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E DESCRIPTION Balance at Beginning of Period Additions Charged to Cost and Expenses Additions (Deductions) Charged to Other Accounts Deductions from Reserve Balance at End of Period Year Ended June 30, 2015 Reserve deducted from assets to which it applies — accounts receivable allowances $ 10,385 $ 2,597 $ 231 (A) $ 2,592 (B) $ 10,621 Year Ended June 30, 2014 Reserve deducted from assets to which it applies — accounts receivable allowances $ 7,737 $ 3,970 $ (129 ) (A) $ 1,193 (B) $ 10,385 Year Ended June 30, 2013 Reserve deducted from assets to which it applies — accounts receivable allowances $ 8,332 $ 2,267 $ (104 ) (A) $ 2,758 (B) $ 7,737

Business and Accounting Polic26

Business and Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Business	Business Applied Industrial Technologies, Inc. and subsidiaries (the “Company” or “Applied”) is a leading industrial distributor serving Maintenance Repair & Operations (MRO) and Original Equipment Manufacturer (OEM) customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training and inventory management solutions that provide added value to its customers. Although the Company does not generally manufacture the products it sells, it does assemble and repair certain products and systems.
Consolidation	Consolidation The consolidated financial statements include the accounts of Applied Industrial Technologies, Inc. and its subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. For the year ended June 30, 2013 the financial results of the Company’s Canadian and Mexican subsidiaries were included in the consolidated financial statements for the twelve months ended May 31. During fiscal 2014, the Company eliminated the one month reporting lag for both the Canadian and Mexican subsidiaries in the first and third quarters respectively. See the "Change in Accounting Principle" section below for additional information related to the elimination of the reporting lag.
Foreign Currency	Foreign Currency The financial statements of the Company’s Canadian, Mexican, Australian and New Zealand subsidiaries are measured using local currencies as their functional currencies. Assets and liabilities are translated into U.S. dollars at current exchange rates, while income and expenses are translated at average exchange rates. Translation gains and losses are reported in other comprehensive income (loss) in the statements of consolidated comprehensive income. Gains and losses resulting from transactions denominated in foreign currencies are included in the statements of consolidated income as a component of other expense (income), net.
Estimates	Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from the estimates and assumptions used in preparing the consolidated financial statements .
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term, highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value.
Marketable Securities	Marketable Securities The primary marketable security investments of the Company include money market and mutual funds held in a rabbi trust for a non-qualified deferred compensation plan. These are included in other assets in the consolidated balance sheets, are classified as trading securities, and reported at fair value based on quoted market prices. Changes in the fair value of the investments during the period are recorded in other expense (income), net in the statements of consolidated income.
Concentration of Credit Risk	Concentration of Credit Risk The Company has a broad customer base representing many diverse industries across North America, Australia and New Zealand. As such, the Company does not believe that a significant concentration of credit risk exists in its accounts receivable. The Company’s cash and cash equivalents consist of deposits with commercial banks and regulated non-bank subsidiaries. While Applied monitors the creditworthiness of these institutions, a crisis in the financial systems could limit access to funds and/or result in the loss of principal. The terms of these deposits and investments provide that all monies are available to the Company upon demand.
Allowances for Doubtful Accounts	Allowances for Doubtful Accounts The Company evaluates the collectibility of trade accounts receivable based on a combination of factors. Initially, the Company estimates an allowance for doubtful accounts as a percentage of net sales based on historical bad debt experience. This initial estimate is adjusted based on recent trends of customers and industries estimated to be greater credit risks, trends within the entire customer pool, and changes in the overall aging of accounts receivable. Accounts are written off against the allowance when it becomes evident collection will not occur. While the Company has a large customer base that is geographically dispersed, a general economic downturn in any of the industry segments in which the Company operates could result in higher than expected defaults, and therefore, the need to revise estimates for bad debts.
Inventories	Inventories Inventories are valued at the average cost method, using the last-in, first-out (LIFO) method for U.S. inventories and the average cost method for foreign inventories. The Company adopted the link chain dollar value LIFO method of accounting for U.S. inventories in fiscal 1974. At June 30, 2015 , approximately 22.1% of the Company’s domestic inventory dollars relate to LIFO layers added in the 1970s. The Company maintains five LIFO pools based on the following product groupings: bearings, power transmission products, rubber products, fluid power products and other products. LIFO layers and/or liquidations are determined consistently year-to-year. The Company evaluates the recoverability of its slow moving or obsolete inventories at least quarterly. The Company estimates the recoverable cost of such inventory by product type while considering factors such as its age, historic and current demand trends, the physical condition of the inventory, as well as assumptions regarding future demand. The Company’s ability to recover its cost for slow moving or obsolete inventory can be affected by such factors as general market conditions, future customer demand, and relationships with suppliers. Historically, the Company’s inventories have demonstrated long shelf lives, are not highly susceptible to obsolescence, and, in certain instances, can be eligible for return under supplier return programs.
Supplier Purchasing Programs	Supplier Purchasing Programs The Company enters into agreements with certain suppliers providing inventory purchase incentives. The Company’s inventory purchase incentive arrangements are unique to each supplier and are generally annual programs ending at either the Company’s fiscal year end or the supplier’s year end; however, program length and ending dates can vary. Incentives are received in the form of cash or credits against purchases upon attainment of specified purchase volumes and are received either monthly, quarterly or annually. The incentives are generally a specified percentage of the Company’s net purchases based upon achieving specific purchasing volume levels. These percentages can increase or decrease based on changes in the volume of purchases. The Company accrues for the receipt of these inventory purchase incentives based upon cumulative purchases of inventory. The percentage level utilized is based upon the estimated total volume of purchases expected during the life of the program. Supplier programs are analyzed each quarter to determine the appropriateness of the amount of purchase incentives accrued. Upon program completion, differences between estimates and actual incentives subsequently received have not been material. Benefits under these supplier purchasing programs are recognized under the Company’s LIFO inventory accounting method as a reduction of cost of sales when the inventories representing these purchases are recorded as cost of sales. Accrued incentives expected to be settled as a credit against future purchases are reported on the consolidated balance sheet as an offset to amounts due to the related supplier.
Property and related Depreciation and Amortization	Property and Related Depreciation and Amortization Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets and is included in selling, distribution and administrative expenses in the accompanying statements of consolidated income. Buildings, building improvements and leasehold improvements are depreciated over ten to thirty years or the life of the lease if a shorter period, and equipment is depreciated over three to ten years. The Company capitalizes internal use software development costs in accordance with guidance on accounting for costs of computer software developed or obtained for internal use. Amortization of software begins when it is ready for its intended use, and is computed on a straight-line basis over the estimated useful life of the software, generally not to exceed twelve years. Capitalized software and hardware costs are classified as property on the consolidated balance sheets. The carrying values of property and equipment are reviewed for impairment when events or changes in circumstances indicate that the recorded value cannot be recovered from undiscounted future cash flows. Impairment losses, if any, would be measured based upon the difference between the carrying amount and the fair value of the assets.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is recognized as the excess cost of an acquired entity over the net amount assigned to assets acquired and liabilities assumed. Goodwill is not amortized. Goodwill is reviewed for impairment annually as of January 1 or whenever changes in conditions indicate an evaluation should be completed. These conditions could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. The Company utilizes discounted cash flow models and market multiples for comparable businesses to determine the fair value of reporting units. Evaluating impairment requires significant judgment by management, including estimated future operating results, estimated future cash flows, the long-term rate of growth of the business, and determination of an appropriate discount rate. While the Company uses available information to prepare the estimates and evaluations, actual results could differ significantly. The Company recognizes acquired identifiable intangible assets such as customer relationships, trade names, vendor relationships, and non-competition agreements apart from goodwill. Customer relationship identifiable intangibles are amortized using the sum-of-the-years-digits method over estimated useful lives consistent with assumptions used in the determination of their value. Amortization of all other finite-lived identifiable intangible assets is computed using the straight-line method over the estimated period of benefit. Amortization of identifiable intangible assets is included in selling, distribution and administrative expenses in the accompanying statements of consolidated income. Identifiable intangible assets with finite lives are reviewed for impairment when changes in conditions indicate carrying value may not be recoverable. Identifiable intangible assets with indefinite lives are reviewed for impairment on an annual basis or whenever changes in conditions indicate an evaluation should be completed. The Company does not currently have any indefinite lived identifiable intangible assets.
Self-Insurance Liabilities	Self-Insurance Liabilities The Company maintains business insurance programs with significant self-insured retention covering workers’ compensation, business, automobile, general product liability and other claims. The Company accrues estimated losses including those incurred but not reported using actuarial calculations, models and assumptions based on historical loss experience. The Company also maintains a self-insured health benefits plan which provides medical benefits to U.S. based employees electing coverage under the plan. The Company estimates its reserve for all unpaid medical claims, including those incurred but not reported, based on historical experience, adjusted as necessary based upon management’s reasoned judgment.
Revenue Recognition	Revenue Recognition Sales are recognized when there is evidence of an arrangement, the sales price is fixed, collectibility is reasonably assured and the product’s title and risk of loss is transferred to the customer. Typically, these conditions are met when the product is shipped to the customer. The Company charges shipping and handling fees when products are shipped or delivered to a customer, and includes such amounts in net sales. The Company reports its sales net of actual sales returns and the amount of reserves established for anticipated sales returns based on historical rates. Sales tax collected from customers is excluded from net sales in the accompanying statements of consolidated income.
Shipping and Handling Costs	Shipping and Handling Costs The Company records freight payments to third parties in cost of sales and internal delivery costs in selling, distribution and administrative expenses in the accompanying statements of consolidated income. Internal delivery costs in selling, distribution and administrative expenses were approximately $24,430 , $16,230 and $15,560 for the fiscal years ended June 30, 2015 , 2014 and 2013 , respectively .
Income Taxes	Income Taxes Income taxes are determined based upon income and expenses recorded for financial reporting purposes. Deferred income taxes are recorded for estimated future tax effects of differences between the bases of assets and liabilities for financial reporting and income tax purposes, giving consideration to enacted tax laws. Uncertain tax positions meeting a more-likely-than-not recognition threshold are recognized in accordance with the Income Taxes topic of the ASC (Accounting Standards Codification). The Company recognizes accrued interest and penalties related to unrecognized income tax benefits in the provision for income taxes.
Share-Based Compensation	Share-Based Compensation Share-based compensation represents the cost related to share-based awards granted to employees under either the 2011 Long-Term Performance Plan or the 2007 Long-Term Performance Plan. The Company measures share-based compensation cost at the grant date, based on the estimated fair value of the award and recognizes the cost over the requisite service period. Non-qualified stock appreciation rights (SARs) and stock options are granted with an exercise price equal to the closing market price of the Company’s common stock at the date of grant and the fair values are determined using a Black-Scholes option pricing model, which incorporates assumptions regarding the expected volatility, the expected option life, the risk-free interest rate and the expected dividend yield. SARs and stock option awards generally vest over four years of continuous service and have ten -year contractual terms. The fair value of restricted stock awards, restricted stock units (RSUs), and performance shares are based on the closing market price of Company common stock on the grant date.
Treasury Shares	Treasury Shares Shares of common stock repurchased by the Company are recorded at cost as treasury shares and result in a reduction of shareholders’ equity in the consolidated balance sheets. The Company uses the weighted-average cost method for determining the cost of shares reissued. The difference between the cost of the shares and the reissuance price is added to or deducted from additional paid-in capital.
Change in Accounting Principle	Changes in Accounting Principle U.S. Inventory Costing Methodology From fiscal 2013 through the end of fiscal 2014, the Company implemented SAP as its new enterprise resource planning system (ERP) at its U.S. service centers. As implementation occurred at each service center, the method used to apply the link chain dollar value last-in first-out (LIFO) method of accounting changed for the inventories at that location. The new inventory costing methodology utilizes the weighted-average cost method to determine the current year LIFO indices as well as any new LIFO layers established, whereas previously, current costs were used. Upon completion of the implementation, on July 1, 2014 the Company changed its accounting policy to the new method. Differences between amounts recognized in the financial statements during the implementation period and the previous accounting policy prior to July 1, 2014 were immaterial. The Company believes that this change in accounting principle is preferable under the circumstances because weighted-average cost will provide a better reflection of actual transactions and inventory purchases, resulting in improved matching of actual costs and current revenues. This change will also result in greater consistency in inventory costing across the organization, as certain other U.S. locations were previously using weighted-average cost for similar LIFO calculations in their legacy inventory systems, and the new ERP system will make inventory costing a more efficient process within the U.S. ASC 250, "Accounting Changes and Error Corrections ," requires that unless it is impracticable to do so, the voluntary adoption of a new accounting principle should be done retrospectively to all prior periods. Before July 1, 2014, the Company’s former ERP system did not capture weighted-average costs within the U.S. and the data needed to recalculate previous LIFO indices does not exist. Thus, the Company has concluded it is impracticable to recognize a cumulative effect or to retrospectively apply the effect of this change in accounting principle prior to July 1, 2014, but believes that those effects would be immaterial in all periods. 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 the 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 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 was $1,200 of income for the month of June 2013 and has been included within “Other (Income) Expense, net” on the statement of consolidated income for the year ended June 30, 2014. The statement of consolidated income for the year ended June 30, 2014 reflects the same results, had the financial statements been retrospectively adjusted, with the exception of net income which would have decreased by $ 1,200 . Net sales, operating income and net income for the year ended June 30, 2013 would have decreased by $ 1,050 , $ 600 and $ 500 had the financial statements been retrospectively adjusted. 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 the 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 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 was $ 200 of income for the month of December 2013 and has been included within “Other (Income) Expense, net” on the statement of consolidated income for year ended June 30, 2014. Net sales, operating income and net income for the year ended June 30, 2014 would have decreased by $1,100 , $100 and $250 had the financial statements been retrospectively adjusted. Net sales, operating income and net income for the year ended June 30, 2013 would have decreased by $ 900 , $ 400 and $ 250 had the financial statements been retrospectively adjusted.
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the FASB issued its final standard on the recognition of revenue from contracts with customers. In June 2014, the FASB issued its final standard on accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The standard, issued as ASU 2014-12, clarifies that a performance target that affects vesting and that can be achieved after the requisite service period, should be treated as a performance condition. The update is effective for financial statement periods beginning after December 15, 2015, with early adoption permitted. The Company has not determined the impact of this pronouncement on its financial statements and related disclosures. In April 2015, the FASB issued its final standard on simplifying the presentation of debt issue costs. This standard, issued as ASU 2015-03, requires that all costs incurred to issue debt be presented in the balance sheet as a direct reduction from the carrying value of the debt, similar to the presentation of debt discounts. This update is effective for financial statement periods beginning after December 15, 2015, and interim periods within those fiscal years, with early adoption permitted. The impact of the adoption of this guidance will result in the reclassification of the unamortized debt issuance costs on the consolidated balance sheets, which were $622 and $703 at June 30, 2015 and 2014, respectively.

Business Combinations Assets Ac

Business Combinations Assets Acquired (Tables)	12 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of Reliance based on their estimated fair values at the acquisition date: Reliance Acquisition 2014 Accounts receivable $ 20,600 Inventories 22,900 Other current assets 6,000 Property 12,900 Identifiable intangible assets 73,200 Goodwill 79,500 Total assets acquired 215,100 Accounts payable and accrued liabilities 15,800 Deferred income taxes 19,500 Net assets acquired $ 179,800 Purchase price $ 188,500 Reconciliation of fair value transferred: Cash acquired (1,400 ) Working capital adjustments (8,200 ) Debt assumed 900 Total Consideration $ 179,800 The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of Knox based on their estimated fair values at the acquisition date: Knox Acquisition 2015 Accounts receivable $ 19,100 Inventories 18,800 Property 3,900 Identifiable intangible assets 58,500 Goodwill 63,200 Total assets acquired 163,500 Accounts payable and accrued liabilities 7,200 Deferred income taxes 24,300 Net assets acquired $ 132,000 Purchase price $ 132,800 Reconciliation of fair value transferred: Working Capital Adjustments (800 ) Total Consideration $ 132,000 The following table summarizes the fair values of assets acquired and liabilities assumed for these acquisitions: 2013 Accounts receivable $ 7,500 Inventories 23,700 Other current assets 200 Property 1,100 Identifiable Intangibles assets 19,800 Goodwill 24,400 Total assets acquired 76,700 Accounts payable and accrued liabilities 1,900 Other current liabilities 6,200 Net assets acquired $ 68,600 Purchase price $ 68,600
Business Acquisition, Pro Forma Information [Table Text Block]	The following unaudited pro forma consolidated results of operations have been prepared as if the Reliance acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2013 and the Knox acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2014: Pro forma, year ended June 30: 2014 2013 Sales $ 2,687,903 $ 2,600,453 Operating income $ 184,164 $ 187,419 Net income $ 121,158 $ 128,779 Diluted net income per share $ 2.86 $ 3.03

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Items of Inventories	Inventories consist of the following: June 30, 2015 2014 U.S. inventories at average cost $ 397,524 $ 363,692 Foreign inventories at average cost 116,674 123,468 514,198 487,160 Less: Excess of average cost over LIFO cost for U.S. inventories 151,779 151,413 Inventories on consolidated balance sheets $ 362,419 $ 335,747

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	12 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for both the Service Center Based Distribution Segment and the Fluid Power Businesses segment for the years ended June 30, 2015 and 2014 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 year 84,798 — 84,798 Other, primarily currency translation 1,847 — 1,847 Balance at June 30, 2014 192,565 929 193,494 Goodwill acquired during the year 77,728 — 77,728 Other, primarily currency translation (16,816 ) — (16,816 ) Balance at June 30, 2015 $ 253,477 $ 929 $ 254,406
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	The Company's identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following : June 30, 2015 Amount Accumulated Amortization Net Book Value Finite-Lived Intangibles: Customer relationships $ 225,332 $ 65,789 $ 159,543 Trade names 42,689 13,187 29,502 Vendor relationships 14,465 7,258 7,207 Non-competition agreements 4,578 2,002 2,576 Total Intangibles $ 287,064 $ 88,236 $ 198,828 June 30, 2014 Amount Accumulated Amortization Net Book Value Finite-Lived Intangibles: Customer relationships $ 170,395 $ 48,285 $ 122,110 Trade names 36,912 10,394 26,518 Vendor relationships 15,446 6,628 8,818 Non-competition agreements 3,322 1,260 2,062 Total Intangibles $ 226,075 $ 66,567 $ 159,508
Schedule of Purchase Price Allocation and Associated Weighted Average Life [Table Text Block]	During 2015 , the Company acquired identifiable intangible assets with an acquisition cost allocation and weighted-average life as follows: Acquisition Cost Allocation Weighted-Average Life Customer relationships $ 68,078 19.5 years Trade names 7,627 14.7 years Non-competition agreements 1,664 5.0 years Total Intangibles Acquired $ 77,369 18.7 years

Debt Maturities of Long Term De

Debt Maturities of Long Term Debt (Tables)	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt [Table Text Block]	The table below summarizes the aggregate maturities of amounts outstanding under long-term borrowing arrangements for each of the next five years: Fiscal Year Aggregate Maturity 2016 $ 3,349 2017 $ 57,227 2018 $ 5,856 2019 $ 83,359 2020 $ 25,238 Thereafter $ 145,966

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Components of income before income taxes	The components of income before income taxes are as follows: Year Ended June 30, 2015 2014 2013 U.S. $ 152,618 $ 147,980 $ 153,546 Foreign 23,253 18,282 24,119 Income before income taxes $ 175,871 $ 166,262 $ 177,665
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The provision (benefit) for income taxes consists of: Year Ended June 30, 2015 2014 2013 Current: Federal $ 52,861 $ 50,455 $ 38,859 State and local 6,884 6,576 5,736 Foreign 5,603 4,619 4,742 Total current 65,348 61,650 49,337 Deferred: Federal (3,799 ) (5,328 ) 10,277 State and local (153 ) (267 ) 346 Foreign (1,009 ) (2,614 ) (444 ) Total deferred (4,961 ) (8,209 ) 10,179 Total $ 60,387 $ 53,441 $ 59,516
Reconciliations of federal statutory income tax rate and Company's effective income tax rate	The following reconciles the U.S. federal statutory income tax rate to the Company’s effective income tax rate: Year Ended June 30, 2015 2014 2013 Statutory income tax rate 35.0 % 35.0 % 35.0 % Effects of: State and local taxes 2.5 % 2.4 % 2.3 % U.S. tax on foreign income, net — % (1.6 )% — % Foreign income taxes (2.5 )% (2.6 )% (2.3 )% Deductible dividend (0.5 )% (0.5 )% (0.5 )% Valuation Allowance 0.5 % — % — % Other, net (0.7 )% (0.6 )% (1.0 )% Effective income tax rate 34.3 % 32.1 % 33.5 %
Components of the Company's net deferred tax assets	Significant components of the Company’s deferred tax assets and liabilities are as follows: June 30, 2015 2014 Deferred tax assets: Compensation liabilities not currently deductible $ 28,902 $ 30,662 Expenses and reserves not currently deductible 9,115 8,364 Goodwill and intangibles 7,363 8,294 Foreign tax credit 1,155 — Net operating loss carryforwards (expiring in years 2017-2034) 860 386 Other 289 281 Total deferred tax assets 47,684 47,987 Less: Valuation allowance (917 ) — Deferred tax assets, net of valuation allowance 46,767 47,987 Deferred tax liabilities: Inventories (5,499 ) (6,490 ) Goodwill and intangibles (38,707 ) (23,254 ) Depreciation and differences in property bases (9,328 ) (10,219 ) Total deferred tax liabilities (53,534 ) (39,963 ) Net deferred tax (liabilities) assets $ (6,767 ) $ 8,024 Net deferred tax (liabilities) assets are classified as follows: Other current assets $ 13,293 $ 11,371 Deferred tax assets (long-term) 97 21,166 Other liabilities (20,157 ) (24,513 ) Net deferred tax (liabilities) assets $ (6,767 ) $ 8,024
Reconciliation of the Company's total gross unrecognized income tax benefits	The Company and its subsidiaries file income tax returns in U.S. federal, various state, local and foreign jurisdictions. The following table sets forth the changes in the amount of unrecognized tax benefits for the years ended June 30, 2015, 2014 and 2013: Year Ended June 30, 2015 2014 2013 Unrecognized Income Tax Benefits at beginning of the year $ 2,364 $ 2,655 $ 1,539 Current year tax positions 472 730 957 Prior year tax positions — — 790 Expirations of statutes of limitations (160 ) (1,007 ) (565 ) Settlements (72 ) (14 ) (66 ) Unrecognized Income Tax Benefits at end of year $ 2,604 $ 2,364 $ 2,655

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Changes in the accumulated other comprehensive income (loss) for the years ended June 30, 2015 and 2014, is comprised of the following : Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Postemployment benefits Total Accumulated other comprehensive income (loss) Balance at July 1, 2012 $ 1,718 $ (58 ) $ (6,229 ) $ (4,569 ) Other comprehensive income (loss) (1,358 ) 6 1,967 615 Amounts reclassified from accumulated other comprehensive income (loss) — — 533 533 Net current-period other comprehensive income (loss), net of taxes (1,358 ) 6 2,500 1,148 Balance at June 30, 2013 $ 360 $ (52 ) $ (3,729 ) $ (3,421 ) Other comprehensive income (loss) 629 73 871 1,573 Amounts reclassified from accumulated other comprehensive income (loss) — — 233 233 Net current-period other comprehensive income (loss), net of taxes 629 73 1,104 1,806 Balance at June 30, 2014 $ 989 $ 21 $ (2,625 ) $ (1,615 ) Other comprehensive income (loss) (58,233 ) (25 ) (472 ) (58,730 ) Amounts reclassified from accumulated other comprehensive income (loss) — — 174 174 Net current-period other comprehensive income (loss), net of taxes (58,233 ) (25 ) (298 ) (58,556 ) Balance at June 30, 2015 $ (57,244 ) $ (4 ) $ (2,923 ) $ (60,171 )
Schedule of Comprehensive Income (Loss)	Details of other comprehensive income (loss) are as follows: Year Ended June 30, 2015 2014 2013 Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (58,233 ) $ — $ (58,233 ) $ 629 $ — $ 629 $ (1,358 ) $ — $ (1,358 ) Postemployment benefits: Actuarial gain (loss) on remeasurement (776 ) (304 ) (472 ) 1,402 531 871 3,153 1,186 1,967 Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs 286 112 174 382 149 233 872 339 533 Unrealized gain (loss) on investment securities available for sale (38 ) (13 ) (25 ) 112 39 73 10 4 6 Other comprehensive income (loss) $ (58,761 ) $ (205 ) $ (58,556 ) $ 2,525 $ 719 $ 1,806 $ 2,677 $ 1,529 $ 1,148
Computation of basic and diluted earnings per share	Year Ended June 30, 2015 2014 2013 Net Income $ 115,484 $ 112,821 $ 118,149 Average Shares Outstanding: Weighted-average common shares outstanding for basic computation 40,892 41,942 42,060 Dilutive effect of potential common shares 295 389 482 Weighted-average common shares outstanding for dilutive computation 41,187 42,331 42,542 Net Income Per Share — Basic $ 2.82 $ 2.69 $ 2.81 Net Income Per Share — Diluted $ 2.80 $ 2.67 $ 2.78

Share - Based Compensation (Tab

Share - Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of share based compensation expense	The 2011 Plan, which expires in 2016, provides for granting of SARs, stock options, stock awards, cash awards, and such other awards or combination thereof as the Executive Organization and Compensation Committee or, in the case of director awards, the Corporate Governance Committee of the Board of Directors (together referred to as the Committee) may determine to officers, other key employees and members of the Board of Directors. Grants are generally made at regularly scheduled, committee meetings. Compensation costs charged to expense under award programs paid (or to be paid) with shares (including SARs, stock options, performance shares, restricted stock, and RSUs) are summarized in the table below: Year Ended June 30, 2015 2014 2013 SARs and options $ 1,610 $ 1,808 $ 2,317 Performance shares 836 309 1,074 Restricted stock and RSUs 2,015 2,394 2,370 Total compensation costs under award programs $ 4,461 $ 4,511 $ 5,761
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]	The aggregate unrecognized compensation cost for share-based award programs paid (or with the potential to be paid) at June 30, 2015 are summarized in the table below: June 30, (Shares in thousands) 2015 Expected Period of Recognition (Years) SARs and options $ 1,792 2.4 Performance shares 3,701 1.7 Restricted stock and RSUs 1,898 2.3 Total unrecognized compensation costs under award programs $ 7,391 2.0
Weighted-average assumptions used for SARs and stock option grants issued	The weighted-average assumptions used for SARs and stock option grants issued in fiscal 2015 , 2014 and 2013 are: 2015 2014 2013 Expected life, in years 4.7 4.6 5.5 Risk free interest rate 1.4 % 1.3 % 0.9 % Dividend yield 2.5 % 2.5 % 2.5 % Volatility 29.0 % 31.8 % 43.3 % Per share fair value of SARs and stock options granted during the year $9.53 $11.02 $13.11
Summary of SARs and stock option activity	A summary of SARs and stock options activity is presented below : Shares Weighted-Average Exercise Price Year Ended June 30, 2015 (Shares in thousands) Outstanding, beginning of year 1,039 $ 33.40 Granted 208 47.69 Exercised (75 ) 25.23 Forfeited (56 ) 48.47 Outstanding, end of year 1,116 $ 35.86 Exercisable at end of year 781 $ 31.32
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of the performance shares and restricted stock activity	A summary of nonvested performance shares activity at June 30, 2015 is presented below : Shares Weighted-Average Grant-Date Fair Value Year Ended June 30, 2015 (Shares in thousands) Nonvested, beginning of year 41 $ 35.97 Awarded 18 49.43 Forfeitures (1 ) 50.40 Vested (20 ) 27.28 Nonvested, end of year 38 $ 46.66
Restricted stock and Restricted Stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of the performance shares and restricted stock activity	A summary of the status of the Company’s non-vested restricted stock and RSUs at June 30, 2015 is presented below: Shares Weighted-Average Grant-Date Fair Value Year Ended June 30, 2015 (Share amounts in thousands) Nonvested, beginning of year 133 $ 37.60 Granted 48 46.48 Forfeitures (7 ) 48.81 Vested (84 ) 32.54 Nonvested, end of year 90 $ 46.18

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2015
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Summary of changes in benefit obligations, plan assets and funded status for the post employment plans	The following table sets forth the changes in benefit obligations and plan assets during the year and the funded status for the post-employment plans at June 30: Pension Benefits Retiree Health Care Benefits 2015 2014 2015 2014 Change in benefit obligation: Benefit obligation at beginning of the year $ 34,558 $ 40,664 $ 2,790 $ 3,719 Service cost 97 77 53 48 Interest cost 896 1,180 95 139 Plan participants’ contributions — — 64 63 Benefits paid (6,697 ) (7,251 ) (238 ) (246 ) Amendments (8 ) 188 — Actuarial (gain) loss during year 1,148 (300 ) (620 ) (933 ) Benefit obligation at end of year $ 29,994 $ 34,558 $ 2,144 $ 2,790 Change in plan assets: Fair value of plan assets at beginning of year $ 7,245 $ 6,697 $ — $ — Actual gain (loss) on plan assets 247 763 — — Employer contributions 6,390 7,036 174 183 Plan participants’ contributions — — 64 63 Benefits paid (6,697 ) (7,251 ) (238 ) (246 ) Fair value of plan assets at end of year $ 7,185 $ 7,245 $ — $ — Funded status at end of year $ (22,809 ) $ (27,313 ) $ (2,144 ) $ (2,790 )
Amounts Recognized in Consolidated Balance Sheet [Table Text Block]	The amounts recognized in the consolidated balance sheets and in accumulated other comprehensive income (loss) for the post-employment plans were as follows: Pension Benefits Retiree Health Care Benefits June 30, 2015 2014 2015 2014 Amounts recognized in the consolidated balance sheets: Other current liabilities $ 5,256 $ 6,390 $ 220 $ 220 Post-employment benefits 17,553 20,923 1,924 2,570 Net amount recognized $ 22,809 $ 27,313 $ 2,144 $ 2,790 Amounts recognized in accumulated other comprehensive (loss) income: Net actuarial (loss) gain $ (7,311 ) $ (6,474 ) $ 1,492 $ 960 Prior service cost (208 ) (293 ) 1,219 1,490 Total amounts recognized in accumulated other comprehensive (loss) income $ (7,519 ) $ (6,767 ) $ 2,711 $ 2,450
Information for pension plans with projected benefit obligations in excess of plan assets	The following table provides information for pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets: Pension Benefits June 30, 2015 2014 Projected benefit obligations $ 29,994 $ 34,558 Accumulated benefit obligations 29,994 34,558 Fair value of plan assets 7,185 7,245
Net periodic costs	The net periodic costs (benefits) are as follows: Pension Benefits Retiree Health Care Benefits Year Ended June 30, 2015 2014 2013 2015 2014 2013 Service cost $ 97 $ 77 $ 78 $ 53 $ 48 $ 80 Interest cost 896 1,180 1,260 95 139 188 Expected return on plan assets (495 ) (416 ) (403 ) — — — Recognized net actuarial loss (gain) 559 611 735 (87 ) (38 ) (53 ) Amortization of prior service cost 86 78 83 (272 ) (271 ) 107 Net periodic cost (benefits) $ 1,143 $ 1,530 $ 1,753 $ (211 ) $ (122 ) $ 322
Weighted-average actuarial assumptions used to determine benefit obligations and net periodic benefit cost	The weighted-average actuarial assumptions used to determine benefit obligations and net periodic benefit cost for the plans were as follows: Pension Benefits Retiree Health Care Benefits June 30, 2015 2014 2015 2014 Assumptions used to determine benefit obligations at year end: Discount rate 3.0 % 2.8 % 4.0 % 3.8 % Assumptions used to determine net periodic benefit cost: Discount rate 2.8 % 3.0 % 3.8 % 4.0 % Expected return on plan assets 7.0 % 7.0 % N/A N/A
One-Percentage Point Change in Assumed Health Care Cost Trend Rates	A one-percentage point change in the assumed health care cost trend rates would have had the following effects as of June 30, 2015 and for the year then ended: One-Percentage Point Increase Decrease Effect on total service and interest cost components of periodic expense $ 20 $ (17 ) Effect on post-retirement benefit obligation 209 (177 )
Defined Benefit Plan Asset Information	Following are the fair values and target allocation as of June 30: Target Allocation Fair Value 2015 2014 Asset Class: Equity* securities (Level 1) 40 – 70% $ 4,022 $ 3,813 Debt securities (Level 2) 20 – 50% 2,930 3,155 Other (Level 1) 0 – 20% 233 277 Total 100% $ 7,185 $ 7,245
Estimated future benefit payments	The following benefit payments, which reflect expected future service, as applicable, are expected to be paid in each of the next five years and in the aggregate for the subsequent five years: During Fiscal Years Pension Benefits Retiree Health Care Benefits 2016 $ 5,600 $ 170 2017 1,800 180 2018 2,300 190 2019 4,000 180 2020 3,300 170 2021 through 2025 7,400 620

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2015
Leases [Abstract]
Minimum annual rental commitments under non-cancelable operating leases	The minimum annual rental commitments under non-cancelable operating leases as of June 30, 2015 are as follows: During Fiscal Years 2016 $ 24,900 2017 19,700 2018 14,600 2019 10,900 2020 5,800 Thereafter 6,500 Total minimum lease payments $ 82,400

Segment and Geographic Inform36

Segment and Geographic Information (Tables)	12 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment financial information	Segment Financial Information Service Center Based Distribution Fluid Power Businesses Total Year Ended June 30, 2015 Net sales $ 2,254,768 $ 496,793 $ 2,751,561 Operating income for reportable segments 140,421 48,535 188,956 Assets used in the business 1,230,543 204,425 1,434,968 Depreciation and amortization of property 15,196 1,382 16,578 Capital expenditures 13,531 1,402 14,933 Year Ended June 30, 2014 Net sales $ 1,973,359 $ 486,519 $ 2,459,878 Operating income for reportable segments 118,857 44,621 163,478 Assets used in the business 1,116,311 217,858 1,334,169 Depreciation and amortization of property 12,399 1,578 13,977 Capital expenditures 18,744 1,446 20,190 Year Ended June 30, 2013 Net sales $ 2,003,440 $ 458,731 $ 2,462,171 Operating income for reportable segments 138,484 41,083 179,567 Assets used in the business 859,547 199,159 1,058,706 Depreciation and amortization of property 10,692 1,809 12,501 Capital expenditures 10,415 1,799 12,214
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	A reconciliation of operating income for reportable segments to the consolidated income before income taxes Year Ended June 30, 2015 2014 2013 Operating income for reportable segments $ 188,956 $ 163,478 $ 179,567 Adjustments for: Intangible amortization — Service Center Based Distribution 19,561 7,336 5,829 Intangible amortization — Fluid Power Businesses 6,236 6,687 7,404 Corporate and other income, net (21,460 ) (14,903 ) (10,065 ) Total operating income 184,619 164,358 176,399 Interest expense, net 7,869 249 165 Other expense (income), net 879 (2,153 ) (1,431 ) Income before income taxes $ 175,871 $ 166,262 $ 177,665
Net sales by product category	Net sales by product category are as follows: Year Ended June 30, 2015 2014 2013 Industrial $ 2,013,447 $ 1,739,496 $ 1,776,172 Fluid power 738,114 720,382 685,999 Net sales $ 2,751,561 $ 2,459,878 $ 2,462,171
Information by geographic area	Information by geographic area is as follows: Year Ended June 30, 2015 2014 2013 Net Sales: United States $ 2,238,263 $ 2,031,142 $ 2,017,168 Canada 358,580 291,117 298,269 Other Countries 154,718 137,619 146,734 Total $ 2,751,561 $ 2,459,878 $ 2,462,171 June 30, 2015 2014 2013 Long-Lived Assets: United States $ 217,597 $ 153,945 $ 144,289 Canada 76,565 99,161 19,038 Other Countries 9,113 9,998 11,183 Total $ 303,275 $ 263,104 $ 174,510

Other Expense (Income), Net (Ta

Other Expense (Income), Net (Tables)	12 Months Ended
	Jun. 30, 2015
Other (Income) Expense, Net [Abstract]
Other (income) expense, net	Other expense (income), net, consists of the following: Year Ended June 30, 2015 2014 2013 Unrealized (gain) loss on assets held in rabbi trust for a non-qualified deferred compensation plan $ (442 ) $ (1,683 ) $ (1,280 ) Elimination of one-month Canadian and Mexican reporting lag, effective July 1, 2013 and January 1, 2014, respectively — (1,342 ) — Foreign currency transaction (gains) losses 1,251 801 (143 ) Other, net 70 71 (8 ) Total other expense (income), net $ 879 $ (2,153 ) $ (1,431 )

Business and Accounting Polic38

Business and Accounting Policies (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2013USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net impact of lag elimination	$ 0	$ 1,342
Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Vested And Expected To Vest Exercisable Average Contractual Term	10 years
Unamortized debt issuance costs	$ 622	703
Business and Accounting Policies (Textuals) [Abstract]
Company's domestic inventory relate to LIFO layers	22.10%
Number of LIFO pools maintained (in pools)	5
Shipping, Handling and Transportation Costs	$ 24,430	16,230	$ 15,560
Vesting period of SARs and stock option awards	4 years
Net Sales Impact [Member] [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net impact of lag elimination		200
Impact of Retrospective Adjustment		1,100	900
Operating Income Impact [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of Retrospective Adjustment		100	400
Net Income Impact [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of Retrospective Adjustment		250	250
Net Sales Impact [Member] [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net impact of lag elimination		1,200
Impact of Retrospective Adjustment			1,050
Operating Income Impact [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of Retrospective Adjustment			600
Net Income Impact [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of Retrospective Adjustment		$ 1,200	$ 500
Buildings,BuildingsImprovementsandLeaseholdImprovementsMinimumUsefulLife[Member] [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Buildings,BuildingsImprovementsandLeaseholdImprovements MaximumUsefulLife[Member} [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, Plant and Equipment, Useful Life	30 years
PropertyandEquipmentMinimumUsefulLife[Member] [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, Plant and Equipment, Useful Life	3 years
PropertyandEquipmentMaximumUsefulLife [Member] [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Computer Software, Intangible Asset [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finite-Lived Intangible Asset, Useful Life	12 years

Business Combinations Knox - Fa

Business Combinations Knox - Fair Value of Assets Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Business Acquisition [Line Items]
Accounts receivable			$ 7,500
Inventories			23,700
Property			1,100
Identifiable intangible assets			19,800
Goodwill	$ 77,728	$ 84,798	24,400
Total assets acquired			76,700
Accounts payable and accrued liabilities			1,900
Net assets acquired			68,600
Purchase price		$ 17,000	$ 68,600
Knox Acquisition [Member]
Business Acquisition [Line Items]
Accounts receivable	19,100
Inventories	18,800
Property	3,900
Identifiable intangible assets	58,500
Goodwill	63,200
Total assets acquired	163,500
Accounts payable and accrued liabilities	7,200
Deferred income taxes	24,300
Net assets acquired	132,000
Purchase price	132,800
Working capital adjustments	(800)
Total Consideration	$ 132,000

Business Combinations Reliance

Business Combinations Reliance - Fair Value of Assets Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Business Acquisition [Line Items]
Accounts receivable			$ 7,500
Inventories			23,700
Other current assets			200
Property			1,100
Identifiable intangible assets			19,800
Goodwill	$ 77,728	$ 84,798	24,400
Total assets acquired			76,700
Accounts payable and accrued liabilities			1,900
Net assets acquired			68,600
Purchase price		17,000	68,600
Cash acquired	$ 0	(1,369)	$ 0
Reliance Acquisition [Member]
Business Acquisition [Line Items]
Accounts receivable		20,600
Inventories		22,900
Other current assets		6,000
Property		12,900
Identifiable intangible assets		73,200
Goodwill		79,500
Total assets acquired		215,100
Accounts payable and accrued liabilities		15,800
Deferred income taxes		19,500
Net assets acquired		179,800
Purchase price		188,500
Cash acquired		(1,400)
Working capital adjustments		(8,200)
Debt assumed		900
Total Consideration		$ 179,800

Business Combinations Pro-Forma

Business Combinations Pro-Forma Disclosures (Details 1) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Business Combinations [Abstract]
Sales	$ 2,687,903	$ 2,600,453
Operating income	184,164	187,419
Net income	$ 121,158	$ 128,779
Diluted net income per share	$ 2.86	$ 3.03

Business Combinations FY 2013 A

Business Combinations FY 2013 Acquisitions (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Business Combinations [Abstract]
Accounts receivable			$ 7,500
Inventories			23,700
Other current assets			200
Property			1,100
Identifiable intangible assets			19,800
Goodwill	$ 77,728	$ 84,798	24,400
Total assets acquired			76,700
Accounts payable and accrued liabilities			1,900
Other current liabilities			6,200
Net assets acquired			68,600
Purchase price		$ 17,000	$ 68,600

Business Combinations Percentag

Business Combinations Percentage of Businesses Acquired Textuals (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jul. 01, 2014	May. 01, 2014	Dec. 31, 2013	Sep. 01, 2012	Aug. 01, 2012
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired							100.00%	100.00%
Funding from Holdback Payments						$ 2,550,000
Other Payments to Acquire Businesses	$ 7,693,000	$ 1,839,000	$ 3,843,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets						3,863,000
Goodwill plus Intangibles Acquired						$ 13,137,000
Purchase price		17,000,000	68,600,000
Acquisition Holdback Payable			$ 1,015,000
Knox Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired				100.00%
Total Consideration	$ 132,000,000
Cash Paid at Close				$ 118,000,000
Funding from Holdback Payments				14,000,000
Debt Instrument, Interest Rate During Period	1.50%
Purchase price	$ 132,800,000
Reliance Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired					100.00%
Total Consideration		$ 179,800,000
Funding from Holdback Payments					$ 20,000,000
Debt Instrument, Interest Rate During Period		2.00%
Funding from Canadian Cash					31,900,000
Funding From Existing Credit Facility					36,600,000
Funding from New Credit Facility					$ 100,000,000
Other Payments to Acquire Businesses		$ 1,448,000
Purchase price		$ 188,500,000
Rodensa, GSB & Ira Acquisition [Member]
Business Acquisition [Line Items]
Total Consideration	54,900,000
Funding from Holdback Payments				6,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets				21,200,000
Goodwill plus Intangibles Acquired				33,700,000
Other Current Liabilities [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	19,200,000
Other Liabilities [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	6,500,000
Other Noncurrent Liabilities [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	$ 3,900,000
Prudential Facility [Member]
Business Acquisition [Line Items]
Long-term Debt				$ 120,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				3.19%

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2015	Jun. 30, 2014
Inventory [Line Items]
Effect of LIFO Inventory Liquidation on Income	$ 6,300
Items Of Inventories
U.S. inventories at average cost		$ 397,524	$ 363,692
Foreign inventories at average cost		116,674	123,468
Inventory, Gross, Total		514,198	487,160
Less: Excess of average cost over LIFO cost for U.S. inventories		151,779	151,413
Inventories on consolidated balance sheets		$ 362,419	$ 335,747

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Goodwill [Line Items]
Finite-Lived Intangible Assets, Net	$ 198,828	$ 159,508
Finite-Lived Intangible Assets, Gross	287,064	226,075
Changes in the carrying amount of goodwill by reportable segment
Goodwill, beginning balance	193,494	106,849
Goodwill acquired during the year	77,728	84,798	$ 24,400
Other, primarily currency translation	(16,816)	1,847
Goodwill, ending balance	254,406	193,494	106,849
Service Center Based Distribution Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Goodwill, beginning balance	192,565	105,920
Goodwill acquired during the year	77,728	84,798
Other, primarily currency translation	(16,816)	1,847
Goodwill, ending balance	253,477	192,565	105,920
Fluid Power Businesses Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Goodwill, beginning balance	929	929
Goodwill acquired during the year	0	0
Other, primarily currency translation	0	0
Goodwill, ending balance	$ 929	$ 929	$ 929

Goodwill and Intangibles 1 (Det

Goodwill and Intangibles 1 (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Amortization details resulting from business combinations
Amount	$ 287,064	$ 226,075
Accumulated Amortization	88,236	66,567
Net Book Value	198,828	159,508
Customer relationships [Member]
Amortization details resulting from business combinations
Amount	225,332	170,395
Accumulated Amortization	65,789	48,285
Net Book Value	159,543	122,110
Trade names [Member]
Amortization details resulting from business combinations
Amount	42,689	36,912
Accumulated Amortization	13,187	10,394
Net Book Value	29,502	26,518
Vendor relationships [Member]
Amortization details resulting from business combinations
Amount	14,465	15,446
Accumulated Amortization	7,258	6,628
Net Book Value	7,207	8,818
Non-competition agreements [Member]
Amortization details resulting from business combinations
Amount	4,578	3,322
Accumulated Amortization	2,002	1,260
Net Book Value	$ 2,576	$ 2,062

Goodwill and Intangibles Goodwi

Goodwill and Intangibles Goodwill and Intangilbes 2 (Details) - 12 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Cost Allocation	$ 77,369
Weighted-Average Life (in years)	18 years 8 months 12 days
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Cost Allocation	$ 68,078
Weighted-Average Life (in years)	19 years 6 months
Trade names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Cost Allocation	$ 7,627
Weighted-Average Life (in years)	14 years 8 months 12 days
Non-competition agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Cost Allocation	$ 1,664
Weighted-Average Life (in years)	5 years

Goodwill and Intangibles Textua

Goodwill and Intangibles Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Goodwill [Line Items]
Goodwill	$ 254,406	$ 193,494	$ 106,849
Goodwill and Intangibles (Textuals) [Abstract]
Amortization of intangibles	25,797	14,023	13,233
Amortization Expense for For 2016	24,600
Amortization Expense for For 2017	23,000
Amortization Expense for For 2018	20,900
Amortization Expense for For 2019	19,200
Amortization Expense for For 2020	17,500
Fluid Power Businesses Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses	36,605
Goodwill	929	$ 929	$ 929
Canada Service Centers reporting unit [Member]
Goodwill [Line Items]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 39,000
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	15.00%
Goodwill	$ 258,000
Australia/New Zealand reporting unit [Member]
Goodwill [Line Items]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 4,000
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	14.00%
Goodwill	$ 28,000

Debt Long Term Debt Maturities

Debt Long Term Debt Maturities (Details) $ in Thousands	Jun. 30, 2015USD ($)
Debt Instrument [Line Items]
2,016	$ 3,349
2,017	57,227
2,018	5,856
2,019	83,359
2,020	25,238
Thereafter	$ 145,966

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jul. 01, 2014	Jun. 30, 2014
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	$ 1,841
Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 100,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.19%
Long-term Debt	$ 96,875		$ 99,375
State of Ohio Assumed Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 2,359
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.50%
Long-term Debt	$ 2,120		2,337
Prudential Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	170,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		3.19%
Long-term Debt		$ 120,000
Debt Instrument, Unused Borrowing Capacity, Amount	$ 50,000
Prudential Facility - Series C [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.19%
Long-term Debt	$ 120,000
Prudential Facility - Series D [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.21%
Long-term Debt	$ 50,000
Minimum [Member]
Debt Instrument [Line Items]
Fees on credit facility	0.09%
Maximum [Member]
Debt Instrument [Line Items]
Fees on credit facility	0.175%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility unsecured borrowings amount	$ 150,000
Line of Credit Facility, Amount Outstanding	52,000		$ 69,000
Line of credit facility, amount outstanding	3,764
Line of Credit Facility, Remaining Borrowing Capacity	$ 94,236
Debt, Weighted Average Interest Rate	1.15%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Marketable securities	$ 9,330	$ 11,011

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Components of income before income taxes
U.S.	$ 152,618	$ 147,980	$ 153,546
Foreign	23,253	18,282	24,119
Income Before Income Taxes	$ 175,871	$ 166,262	$ 177,665

Income Taxes Income Taxes 1 (De

Income Taxes Income Taxes 1 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Current:
Federal	$ 52,861	$ 50,455	$ 38,859
State and local	6,884	6,576	5,736
Foreign	5,603	4,619	4,742
Total current	65,348	61,650	49,337
Deferred:
Federal	(3,799)	(5,328)	10,277
State and local	(153)	(267)	346
Foreign	(1,009)	(2,614)	(444)
Total deferred	(4,961)	(8,209)	10,179
Total	$ 60,387	$ 53,441	$ 59,516

Income Taxes 2 (Details)

Income Taxes 2 (Details)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Reconciliations of federal statutory income tax rate and Company's effective income tax rate:
Statutory income tax rate	35.00%	35.00%	35.00%
State and local taxes	2.50%	2.40%	2.30%
U.S. tax on foreign income, net	0.00%	(1.60%)	0.00%
Foreign income taxes	(2.50%)	(2.60%)	(2.30%)
Deductible dividend	(0.50%)	(0.50%)	(0.50%)
Valuation allowance	0.50%	0.00%	0.00%
Other, net	(0.70%)	(0.60%)	(1.00%)
Effective income tax rate	34.30%	32.10%	33.50%

Income Taxes 3 (Details)

Income Taxes 3 (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Deferred tax assets:
Compensation liabilities not currently deductible	$ 28,902	$ 30,662
Expenses and reserves not currently deductible	9,115	8,364
Goodwill and intangibles	7,363	8,294
Foreign tax credit	1,155	0
Net operating loss carryforwards (expiring in years 2017-2034)	860	386
Other	289	281
Total deferred tax assets	47,684	47,987
Less: Valuation allowance	(917)	0
Deferred tax assets, net of valuation allowance	46,767	47,987
Deferred tax liabilities:
Inventories	(5,499)	(6,490)
Goodwill and intangibles	(38,707)	(23,254)
Depreciation and differences in property bases	(9,328)	(10,219)
Total deferred tax liabilities	(53,534)	(39,963)
Net deferred tax (liabilities) assets	(6,767)	8,024
Net deferred tax (liabilities) assets are classified as follows:
Other current assets	13,293	11,371
Deferred tax assets (long-term)	97	21,166
Other liabilities	(20,157)	(24,513)
Net deferred tax (liabilities) assets	$ (6,767)	$ 8,024

Income Taxes 4 (Details)

Income Taxes 4 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Reconciliation of the Company's total gross unrecognized income tax benefits
Unrecognized Income Tax Benefits at beginning of the year	$ 2,364	$ 2,655	$ 1,539
Current year tax positions	472	730	957
Prior year tax positions	0	0	790
Expirations of statutes of limitations	(160)	(1,007)	(565)
Settlements	(72)	(14)	(66)
Unrecognized Income Tax Benefits at end of year	$ 2,604	$ 2,364	$ 2,655

Income Taxes Textuals (Details)

Income Taxes Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]
Income tax benefits from exercise of non-qualified stock options and appreciation rights	$ 352	$ 1,462	$ 1,675
Incremental income tax benefits from vesting of stock awards and other stock compensation recorded in additional paid-in capital	690	1,211	$ 890
Undistributed Earnings Of Foreign Subsidiaries On Which No Provision Has Been Made For Income Taxes	$ 139,042
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount		$ 2,804
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent	0.00%	(1.60%)	0.00%
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries	$ 17,793
Unrecognized income tax benefits that would affect the effective income tax rate	2,377	$ 2,104	$ 2,342
Income Tax Examination, Penalties and Interest Expense	49	16	$ 3
Income Tax Examination, Penalties and Interest Accrued	$ 497	$ 449

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Beginning Balance	$ (1,615)
Other comprehensive income (loss)	(25)	$ 73	$ 6
Net current-period other comprehensive income (loss), net of taxes	(58,233)	629	(1,358)
Net current-period other comprehensive income (loss), net of taxes	(58,556)	1,806	1,148
Ending Balance	(60,171)	(1,615)
Foreign currency translation adjustment
Beginning Balance	989	360	1,718
Other comprehensive income (loss)	(58,233)	629	(1,358)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0
Net current-period other comprehensive income (loss), net of taxes	(58,233)	629	(1,358)
Ending Balance	(57,244)	989	360
Unrealized gain (loss) on securities available for sale
Beginning Balance	21	(52)	(58)
Other comprehensive income (loss)	(25)	73	6
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0
Net current-period other comprehensive income (loss), net of taxes	(25)	73	6
Ending Balance	(4)	21	(52)
Postemployment benefits
Beginning Balance	(2,625)	(3,729)	(6,229)
Other comprehensive income (loss)	(472)	871	1,967
Amounts reclassified from accumulated other comprehensive income (loss)	174	233	533
Net current-period other comprehensive income (loss), net of taxes	(298)	1,104	2,500
Ending Balance	(2,923)	(2,625)	(3,729)
Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance	(1,615)	(3,421)	(4,569)
Other comprehensive income (loss)	(58,730)	1,573	615
Amounts reclassified from accumulated other comprehensive income (loss)	174	233	533
Net current-period other comprehensive income (loss), net of taxes	(58,556)	1,806	1,148
Ending Balance	$ (60,171)	$ (1,615)	$ (3,421)

Shareholders' Equity OCI (Detai

Shareholders' Equity OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Other comprehensive income (loss) [Abstract]
Foreign currency translation adjustment pre-tax amount	$ (58,233)	$ 629	$ (1,358)
Foreign currency translation adjustment tax expense (benefit)	0	0	0
Foreign Currency Translation Adjustment, Net Amount	(58,233)	629	(1,358)
Actuarial gain (loss) on remeasurement, pre-tax amount	(776)	1,402	3,153
Actuarial gain (loss) on remeasurement, tax expense (benefit)	(304)	531	1,186
Actuarial gain ( loss) on remeasurement, net amount	(472)	871	1,967
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs, pre-tax amount	286	382	872
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs, tax expense (benefit)	112	149	339
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs, net amount	174	233	533
Unrealized gain (loss) on investment securities available for sale, pre-tax amount	(38)	112	10
Unrealized gain (loss) on investment securities available for sale, tax expense (benefit)	(13)	39	4
Unrealized gain (loss) on investment securities available for sale, net amount	(25)	73	6
Other Comprehensive Income (Loss), pre-tax amount	(58,761)	2,525	2,677
Other Comprehensive Income (Loss), tax expense (benefit)	(205)	719	1,529
Net current-period other comprehensive income (loss), net of taxes	$ (58,556)	$ 1,806	$ 1,148

Shareholders' Equity Net Income

Shareholders' Equity Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]
Net income	$ 115,484	$ 112,821	$ 118,149
Average Shares Outstanding:
Weighted-average common shares outstanding for basic computation	40,892	41,942	42,060
Dilutive effect of potential common shares	295	389	482
Weighted-average common shares outstanding for dilutive computation	41,187	42,331	42,542
Net Income Per Share — Basic	$ 2.82	$ 2.69	$ 2.81
Net Income Per Share — Diluted	$ 2.80	$ 2.67	$ 2.78

Shareholders' Equity Textuals (

Shareholders' Equity Textuals (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Shareholders' Equity (Textuals) [Abstract]
Common stock held as treasury shares restricted as (in shares)	596
Antidilutive Stock options and appreciation rights relating to the acquisition of shares of common stock not included in the computation of diluted earnings per share (in shares)	435	289	212

Share - Based Compensation (Det

Share - Based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Compensation costs charged to expense under award programs
Total compensation costs under award programs	$ 4,461	$ 4,511	$ 5,761
Stock Options and Stock Appreciation Rights [ Member]
Compensation costs charged to expense under award programs
Total compensation costs under award programs	1,610	1,808	2,317
Performance Shares [Member]
Compensation costs charged to expense under award programs
Total compensation costs under award programs	836	309	1,074
Restricted stock and Restricted Stock units [Member]
Compensation costs charged to expense under award programs
Total compensation costs under award programs	$ 2,015	$ 2,394	$ 2,370

Share - Based Compensation Shar

Share - Based Compensation Share Based Compensation 1 (Details) - Jun. 30, 2015 - USD ($) $ in Thousands	Total
Schedule Of Unrecognized Compensation Cost Nonvested Awards Table Text Block [Line Items]
Total unrecognized compensation costs under award programs	$ 7,391
Expected Period for Recognition	2 years
Stock Options and Stock Appreciation Rights [ Member]
Schedule Of Unrecognized Compensation Cost Nonvested Awards Table Text Block [Line Items]
Total unrecognized compensation costs under award programs	$ 1,792
Expected Period for Recognition	2 years 5 months
Performance Shares [Member]
Schedule Of Unrecognized Compensation Cost Nonvested Awards Table Text Block [Line Items]
Total unrecognized compensation costs under award programs	$ 3,701
Expected Period for Recognition	1 year 8 months
Restricted stock and Restricted Stock units [Member]
Schedule Of Unrecognized Compensation Cost Nonvested Awards Table Text Block [Line Items]
Total unrecognized compensation costs under award programs	$ 1,898
Expected Period for Recognition	2 years 4 months

Share - Based Compensation 2 (D

Share - Based Compensation 2 (Details) - Stock Options and Stock Appreciation Rights [ Member] - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Weighted-average assumptions used for SARs and stock option grants issued
Expected life, in years	4 years 8 months 12 days	4 years 7 months	5 years 6 months
Risk free interest rate	1.40%	1.30%	0.90%
Dividend yield	2.50%	2.50%	2.50%
Volatility	29.00%	31.80%	43.30%
Per share fair value of SAR's and stock options granted during the year	$ 9.53	$ 11.02	$ 13.11

Share - Based Compensation 3 (D

Share - Based Compensation 3 (Details) - Stock Options and Stock Appreciation Rights [ Member] - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year, Shares	1,039
Granted, Shares	208
Exercised, Shares	(75)
Forfeited, Shares	(56)
Outstanding, end of year, Shares	1,116
Exercisable at end of year, Shares	781
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year, Weighted-Average Exercise Price	$ 33.40
Granted, Weighted-Average Exercise Price	47.69
Exercised, Weighted-Average Exercise Price	25.23
Forfeited, Weighted-Average Exercise Price	48.47
Outstanding, end of year, Weighted-Average Exercise Price	35.86
Exercisable at end of year, Weighted-Average Exercise Price	$ 31.32

Share - Based Compensation 4 (D

Share - Based Compensation 4 (Details) - 12 months ended Jun. 30, 2015 - Performance shares [Member] - $ / shares shares in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning Balance, Shares	41
Granted, shares	18
Forfeitures	(1)
Vested, Shares	(20)
Ending Balance, Shares	38
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Beginning Balance, Weighted-Average Grant-Date Fair Value	$ 35.97
Granted, Weighted-Average Grant-Date Fair Value	49.43
Forfeitures, Weighted Average Grant Date Fair Value	50.40
Vested, Weighted-Average Grant- Date Fair Value	27.28
Ending Balance, Weighted-Average Grant-Date Fair Value	$ 46.66

Share - Based Compensation Sh67

Share - Based Compensation Share Based Compensation - 5 (Details) - 12 months ended Jun. 30, 2015 - Restricted stock and Restricted Stock units [Member] - $ / shares shares in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Shares	133
Beginning Balance, Weighted-Average Grant-Date Fair Value	$ 37.60
Granted, shares	48
Granted, Weighted-Average Grant-Date Fair Value	$ 46.48
Forfeitures	(7)
Forfeitures, Weighted Average Grant Date Fair Value	$ 48.81
Vested, Shares	(84)
Vested, Weighted-Average Grant- Date Fair Value	$ 32.54
Ending Balance, Shares	90
Ending Balance, Weighted-Average Grant-Date Fair Value	$ 46.18

Share - Based Compensation Text

Share - Based Compensation Textuals (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 1,749	$ 1,768	$ 2,241
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years
Aggregate number of shares of common stock awarded under the 2011 Plan	2,000
Shares available for future grants	1,107
Compensation expense	$ 4,461	4,511	5,761
Share-based compensation arrangement by share-based payment award, award vesting period	4 years
Stock Options and Stock Appreciation Rights [ Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 5 months
Weighted-average remaining contractual terms for SARs/stock options outstanding	5 years 7 months
Weighted-average remaining contractual terms for SARs/stock options exercisable	4 years 6 months
Aggregate intrinsic values of SARs and stock options outstanding	$ 7,559
Aggregate intrinsic values of SARs/stock options exercisable	7,311
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	1,601	5,241	7,135
Total fair value of shares vested	2,187	2,080	2,135
Compensation expense	$ 1,610	1,808	2,317
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 8 months
Shares available for future grants	78
Compensation expense	$ 836	309	1,074
Share-based compensation arrangement by share-based payment award, award vesting period	3 years
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	1 year
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	4 years
Restricted stock and Restricted Stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 4 months
Compensation expense	$ 2,015	$ 2,394	$ 2,370
Restricted stock and Restricted Stock units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	1 year
Restricted stock and Restricted Stock units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	4 years

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Change in plan assets:
Fair value of plan assets at beginning of year	$ 7,245
Fair value of plan assets at end of year	7,185	$ 7,245
Amounts recognized in the consolidated balance sheets:
Post-employment benefits	19,627	23,611
Pension Benefits [Member]
Change in benefit obligation:
Benefit obligation at beginning of the year	34,558	40,664
Service cost	97	77	$ 78
Interest cost	896	1,180	1,260
Plan participants’ contributions	0	0
Benefits paid	(6,697)	(7,251)
Amendments	(8)	188
Actuarial (gain) loss during year	1,148	(300)
Benefit obligation at end of year	29,994	34,558	40,664
Change in plan assets:
Fair value of plan assets at beginning of year	7,245	6,697
Actual gain (loss) on plan assets	247	763
Employer contributions	6,390	7,036
Fair value of plan assets at end of year	7,185	7,245	6,697
Funded status at end of year	(22,809)	(27,313)
Amounts recognized in the consolidated balance sheets:
Other current liabilities	5,256	6,390
Post-employment benefits	17,553	20,923
Net amount recognized	22,809	27,313
Amounts recognized in accumulated other comprehensive income (loss):
Net actuarial (loss) gain	(7,311)	(6,474)
Prior service cost	(208)	(293)
Total amounts recognized in accumulated other comprehensive (loss) income	(7,519)	(6,767)
Postretirement Health Coverage [Member]
Change in benefit obligation:
Benefit obligation at beginning of the year	2,790	3,719
Service cost	53	48	80
Interest cost	95	139	188
Plan participants’ contributions	64	63
Benefits paid	$ (238)	(246)
Amendments		0
Actuarial (gain) loss during year	$ (620)	(933)
Benefit obligation at end of year	2,144	2,790	3,719
Change in plan assets:
Fair value of plan assets at beginning of year	0	0
Actual gain (loss) on plan assets	0	0
Employer contributions	174	183
Fair value of plan assets at end of year	0	0	$ 0
Funded status at end of year	(2,144)	(2,790)
Amounts recognized in the consolidated balance sheets:
Other current liabilities	220	220
Post-employment benefits	1,924	2,570
Net amount recognized	2,144	2,790
Amounts recognized in accumulated other comprehensive income (loss):
Net actuarial (loss) gain	1,492	960
Prior service cost	1,219	1,490
Total amounts recognized in accumulated other comprehensive (loss) income	$ 2,711	$ 2,450

Benefit Plans 1 (Details)

Benefit Plans 1 (Details) - Pension Benefits [Member] - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Information for pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets
Projected benefit obligations	$ 29,994	$ 34,558
Accumulated benefit obligations	29,994	34,558
Fair value of plan assets	$ 7,185	$ 7,245

Benefit Plans 2 (Details)

Benefit Plans 2 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Pension Benefits [Member]
Net periodic costs
Service cost	$ 97	$ 77	$ 78
Interest cost	896	1,180	1,260
Expected return on plan assets	(495)	(416)	(403)
Recognized net actuarial loss (gain)	559	611	735
Amortization of prior service cost	86	78	83
Net periodic cost (benefits)	1,143	1,530	1,753
Postretirement Health Coverage [Member]
Net periodic costs
Service cost	53	48	80
Interest cost	95	139	188
Expected return on plan assets	0	0	0
Recognized net actuarial loss (gain)	(87)	(38)	(53)
Amortization of prior service cost	(272)	(271)	107
Net periodic cost (benefits)	$ (211)	$ (122)	$ 322

Benefit Plans 3 (Details)

Benefit Plans 3 (Details)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Pension Benefits [Member]
Assumptions used to determine benefit obligations at year end:
Discount rate	3.00%	2.80%
Assumptions used to determine net periodic benefit cost:
Discount rate	2.80%	3.00%
Expected return on plan assets	7.00%	7.00%
Postretirement Health Coverage [Member]
Assumptions used to determine benefit obligations at year end:
Discount rate	4.00%	3.80%
Assumptions used to determine net periodic benefit cost:
Discount rate	3.80%	4.00%

Benefit Plans 4 (Details)

Benefit Plans 4 (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2015USD ($)
One-Percentage Point Change in Assumed Health Care Cost Trend Rates
Effect on total service and interest cost components of periodic expense (Increase)	$ 20
Effect on total service and interest cost components of periodic expense (Decrease)	(17)
Effect on postretirement benefit obligation (Increase)	209
Effect on postretirement benefit obligation (Decrease)	$ (177)

Benefit Plans 5 (Details)

Benefit Plans 5 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Defined Benefit Plan Asset Information
Target Allocation, Total	100.00%
Fair value of plan assets	$ 7,185	$ 7,245
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Asset Information
Fair value of plan assets	4,022	3,813
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Asset Information
Fair value of plan assets	2,930	3,155
Other Asset [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Asset Information
Fair value of plan assets	$ 233	$ 277
OtherSecurities [Member]
Defined Benefit Plan Asset Information
Equity securities, Minimum	0.00%
Equity securities, Maximum	20.00%
Equity Securities [Member]
Defined Benefit Plan Asset Information
Equity securities, Minimum	40.00%
Equity securities, Maximum	70.00%
Debt Securities [Member]
Defined Benefit Plan Asset Information
Equity securities, Minimum	20.00%
Equity securities, Maximum	50.00%

Benefit Plans 6 (Details)

Benefit Plans 6 (Details) $ in Thousands	Jun. 30, 2015USD ($)
Pension Benefits [Member]
Estimated future benefit payments
2,016	$ 5,600
2,017	1,800
2,018	2,300
2,019	4,000
2,020	3,300
2021 through 2025	7,400
Postretirement Health Coverage [Member]
Estimated future benefit payments
2,016	170
2,017	180
2,018	190
2,019	180
2,020	170
2021 through 2025	$ 620

Benefit Plans Textuals (Details

Benefit Plans Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Benefit Plans (Textuals) [Abstract]
Percentage of defined contribution plan by plan participants	50.00%
Assumed health care cost trend rates used in measuring the accumulated benefit obligation for retiree health care benefits	6.80%	7.00%
Assumed health care cost trend rates used in measuring the accumulated benefit obligation for retiree health care 2023 rate	5.00%
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated net actuarial gain (loss)	$ (914)
Estimated prior service cost	(86)
Expected contribution to benefit plans in 2015	5,300
Postretirement Health Coverage [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated net actuarial gain (loss)	211
Estimated prior service cost	271
Expected contribution to benefit plans in 2015	170
401(k) [Member]
Benefit Plans (Textuals) [Abstract]
Defined contribution plan cost	3,156	$ 2,788	$ 11,231
KERP [Member]
Benefit Plans (Textuals) [Abstract]
Defined contribution plan cost	$ 300	$ 234	$ 233

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Minimum Annual Rental Commitments Under Non Cancelable Operating Leases
2,016	$ 24,900
2,017	19,700
2,018	14,600
2,019	10,900
2,020	5,800
Thereafter	6,500
Total minimum lease payments	82,400
Leases (Textuals) [Abstract]
Rental expenses of operating leases	39,300	$ 36,900	$ 36,300
Related Party Transaction, Expenses from Transactions with Related Party	$ 3,100	$ 2,500	$ 1,200

Segment and Geographic Inform78

Segment and Geographic Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Segment financial information
Net Sales	$ 2,751,561	$ 2,459,878	$ 2,462,171
Operating income for reportable segments	184,619	164,358	176,399
Assets used in the business	1,434,968	1,334,169
Depreciation and amortization of property	16,578	13,977	12,501
Capital expenditures	14,933	20,190	12,214
Service Center Based Distribution Segment [Member]
Segment financial information
Net Sales	2,254,768	1,973,359	2,003,440
Operating income for reportable segments	140,421	118,857	138,484
Assets used in the business	1,230,543	1,116,311	859,547
Depreciation and amortization of property	15,196	12,399	10,692
Capital expenditures	13,531	18,744	10,415
Fluid Power Businesses [Member]
Segment financial information
Net Sales	496,793	486,519	458,731
Operating income for reportable segments	48,535	44,621	41,083
Assets used in the business	204,425	217,858	199,159
Depreciation and amortization of property	1,382	1,578	1,809
Capital expenditures	1,402	1,446	1,799
Reportable Segment [Member]
Segment financial information
Net Sales	2,751,561	2,459,878	2,462,171
Operating income for reportable segments	188,956	163,478	179,567
Assets used in the business	1,434,968	1,334,169	1,058,706
Depreciation and amortization of property	16,578	13,977	12,501
Capital expenditures	$ 14,933	$ 20,190	$ 12,214

Segment and Geographic Inform79

Segment and Geographic Information 1 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	$ 184,619	$ 164,358	$ 176,399
Adjustments for:
Intangible amortization	25,797	14,023	13,233
Corporate and other income, net	(21,460)	(14,903)	(10,065)
Total operating income	184,619	164,358	176,399
Interest (income) expense, net	7,869	249	165
Other Expense (Income), net	879	(2,153)	(1,431)
Income Before Income Taxes	175,871	166,262	177,665
Reportable Segment [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	188,956	163,478	179,567
Adjustments for:
Total operating income	188,956	163,478	179,567
Service Center Based Distribution Segment [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	140,421	118,857	138,484
Adjustments for:
Intangible amortization	19,561	7,336	5,829
Total operating income	140,421	118,857	138,484
Fluid Power Businesses [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	48,535	44,621	41,083
Adjustments for:
Intangible amortization	6,236	6,687	7,404
Total operating income	$ 48,535	$ 44,621	$ 41,083

Segment and Geographic Inform80

Segment and Geographic Information 2 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Net sales by product category
Net Sales	$ 2,751,561	$ 2,459,878	$ 2,462,171
Industrial [Member]
Net sales by product category
Net Sales	2,013,447	1,739,496	1,776,172
Fluid Power [Member]
Net sales by product category
Net Sales	$ 738,114	$ 720,382	$ 685,999

Segment and Geographic Inform81

Segment and Geographic Information 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Revenues From External Customers and Long Lived Assets [Line Items]
Net Sales	$ 2,751,561	$ 2,459,878	$ 2,462,171
Long-Lived Assets	303,275	263,104	174,510
United States [Member]
Revenues From External Customers and Long Lived Assets [Line Items]
Net Sales	2,238,263	2,031,142	2,017,168
Long-Lived Assets	217,597	153,945	144,289
Canada [Member]
Revenues From External Customers and Long Lived Assets [Line Items]
Net Sales	358,580	291,117	298,269
Long-Lived Assets	76,565	99,161	19,038
Other Countries [Member]
Revenues From External Customers and Long Lived Assets [Line Items]
Net Sales	154,718	137,619	146,734
Long-Lived Assets	$ 9,113	$ 9,998	$ 11,183

Segment and Geographic Inform82

Segment and Geographic Information Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Segment and Geographic Information (Textuals) [Abstract]
Sales primarily from businesses segment	$ 24,087	$ 21,809	$ 20,217

Other Expense (Income), Net (De

Other Expense (Income), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Other (income) expense, net
Unrealized (gain) loss on assets held in rabbi trust for a non-qualified deferred compensation plan	$ (442)	$ (1,683)	$ (1,280)
Elimination of one-month Canadian and Mexican reporting lag, effective July 1, 2013 and January 1, 2014, respectively	0	(1,342)
Foreign currency transaction (gains) losses	1,251	801	(143)
Other, net	70	71	(8)
Total other expense (income), net	$ 879	$ (2,153)	$ (1,431)

Subsequent Event (Details)

Subsequent Event (Details) $ in Thousands	Aug. 03, 2015USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Total Purchase Price	$ 12,500

Schedule II - Valuation and Q85

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts [Member] - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period		$ 10,385	$ 7,737	$ 8,332
Additions charged to costs and expenses		2,597	3,970	2,267
Additions (Deductions) charged to other accounts	[1]	231	(129)	(104)
Deductions from reserves	[2]	2,592	1,193	2,758
Balance at end of period		$ 10,621	$ 10,385	$ 7,737
[1]	Amounts represent reserves for the return of merchandise by customers.
[2]	Amounts represent uncollectible accounts charged off.