Applied Industrial (AIT) 10-K 18 Aug 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2017	Aug. 11, 2017	Dec. 31, 2016
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, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding (actual number)		39,045,291
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 2,268,644,000

Statements of Consolidated Inco

Statements of Consolidated Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Net Sales	$ 2,593,746	$ 2,519,428	$ 2,751,561
Cost of Sales	1,856,051	1,812,006	1,981,747
Gross Profit	737,695	707,422	769,814
Selling, Distribution and Administrative, including depreciation	563,105	553,827	585,195
Goodwill Impairment	0	64,794	0
Operating Income	174,590	88,801	184,619
Interest Expense	8,831	9,004	8,121
Interest Income	(290)	(241)	(252)
Other (Income) Expense, net	(917)	1,060	879
Income Before Income Taxes	166,966	78,978	175,871
Income Tax Expense	33,056	49,401	60,387
Net Income	$ 133,910	$ 29,577	$ 115,484
Net Income Per Share — Basic	$ 3.43	$ 0.75	$ 2.82
Net Income Per Share — Diluted	$ 3.40	$ 0.75	$ 2.80

Statements of Consolidated Comp

Statements of Consolidated Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Statements of Comprehensive Income [Abstract]
Net income per the statements of consolidated income	$ 133,910	$ 29,577	$ 115,484
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	2,238	(24,441)	(58,233)
Postemployment benefits:
Actuarial gain (loss) on remeasurement	2,038	(1,998)	(776)
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	506	518	286
Unrealized gain (loss) on investment securities available for sale	91	(52)	(38)
Total other comprehensive income (loss), before tax	4,873	(25,973)	(58,761)
Income tax expense (benefit) related to items of other comprehensive income (loss)	1,029	(598)	(205)
Other comprehensive income (loss), net of tax	3,844	(25,375)	(58,556)
Comprehensive income	$ 137,754	$ 4,202	$ 56,928

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Current assets
Cash and cash equivalents	$ 105,057	$ 59,861
Accounts receivable, less allowances of $9,628 and $11,034	390,931	347,857
Inventories	345,145	338,221
Other current assets	41,409	35,582
Total current assets	882,542	781,521
Property — at cost
Land	14,250	14,214
Buildings	97,529	97,521
Equipment, including computers and software	162,432	157,496
Total property — at cost	274,211	269,231
Less accumulated depreciation	166,143	161,466
Property — net	108,068	107,765
Identifiable intangibles, net	163,562	191,240
Goodwill	206,135	202,700
Deferred tax assets	8,985	12,277
Other assets	18,303	16,522
Total Assets	1,387,595	1,312,025
Current liabilities
Accounts payable	180,614	148,543
Current portion of long-term debt	4,814	3,247
Compensation and related benefits	58,785	57,187
Other current liabilities	65,540	65,306
Total current liabilities	309,753	274,283
Long-term debt	286,769	324,583
Post-employment benefits	16,715	21,322
Other liabilities	29,102	33,921
Total Liabilities	642,339	654,109
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; 39,041 and 39,057 shares outstanding, respectively	10,000	10,000
Additional paid-in capital	164,655	162,529
Retained earnings	1,033,751	944,821
Treasury shares — at cost (15,172 and 15,156 shares), respectively	(381,448)	(373,888)
Accumulated other comprehensive loss	(81,702)	(85,546)
Total Shareholders’ Equity	745,256	657,916
Total Liabilities and Shareholders’ Equity	$ 1,387,595	$ 1,312,025

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Current assets
Accounts receivable, allowances	$ 9,628	$ 11,034
Shareholders’ Equity
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	2,500	2,500
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	80,000	80,000
Common stock, shares issued	54,213	54,213
Common Stock, Shares, Outstanding	39,041	39,057
Treasury stock, shares	15,172	15,156

Statements of Consolidated Cash

Statements of Consolidated Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 133,910	$ 29,577	$ 115,484
Adjustments to reconcile net income to net cash provided by operating activities:
Goodwill Impairment	0	64,794	0
Depreciation and amortization of property	15,306	15,966	16,578
Amortization of intangibles	24,371	25,580	25,797
Amortization of stock appreciation rights and options	1,891	1,543	1,610
Deferred income taxes	(2,852)	(6,581)	(4,961)
Provision for losses on accounts receivable	2,071	4,303	2,597
Unrealized foreign exchange transaction (gains) losses	(333)	61	(727)
Other share-based compensation expense	3,629	2,524	2,851
(Gain) loss on sale of property	(1,541)	337	(1,291)
Other	103	0	45
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(42,267)	26,414	13,129
Inventories	(3,624)	25,081	(15,704)
Other operating assets	(6,162)	2,964	797
Accounts payable	32,076	(28,644)	1,040
Other operating liabilities	8,041	(1,905)	(238)
Cash provided by Operating Activities	164,619	162,014	157,007
Cash Flows from Investing Activities
Property purchases	(17,045)	(13,130)	(14,933)
Proceeds from property sales	2,924	603	1,932
Net cash paid for acquisition of businesses, net of cash acquired	(2,773)	(62,504)	(160,620)
Cash used in Investing Activities	(16,894)	(75,031)	(173,621)
Cash Flows from Financing Activities
Net repayments under revolving credit facility, classified as long term	(33,000)	(19,000)	(17,000)
Borrowings under long-term debt facilities	0	125,000	170,000
Long-term debt repayments	(3,353)	(98,662)	(2,717)
Deferred financing costs	0	(719)	0
Purchases of treasury shares	(8,242)	(37,465)	(76,515)
Dividends paid	(44,619)	(43,330)	(42,663)
Excess tax benefits from share-based compensation	0	208	1,042
Acquisition holdback payments	(11,307)	(18,913)	(7,693)
Exercise of stock appreciation rights and options	656	896	235
Taxes paid for shares withheld	3,484	1,022	2,469
Cash (used in) provided by Financing Activities	(103,349)	(93,007)	22,220
Effect of exchange rate changes on cash	820	(3,585)	(7,325)
Increase (decrease) in cash and cash equivalents	45,196	(9,609)	(1,719)
Cash and cash equivalents at beginning of year	59,861	69,470	71,189
Cash and Cash Equivalents at End of Year	105,057	59,861	69,470
Cash paid during the year for:
Income taxes	38,772	54,749	69,272
Interest	$ 8,561	9,497	5,851
Adjustments for New Accounting Principle, Early Adoption [Member]
Cash Flows from Financing Activities
Taxes paid for shares withheld		$ 1,022	$ 2,469

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)	Parent [Member]	Stock Options and Stock Appreciation Rights [ Member]	Stock Options and Stock Appreciation Rights [ Member]Additional Paid-in Capital	Stock Options and Stock Appreciation Rights [ Member]Treasury Shares-at Cost	Stock Options and Stock Appreciation Rights [ Member]Parent [Member]	Performance Shares [Member]Additional Paid-in Capital	Performance Shares [Member]Treasury Shares-at Cost	Performance Shares [Member]Parent [Member]	Restricted Stock Units (RSUs) [Member]Additional Paid-in Capital	Restricted Stock Units (RSUs) [Member]Treasury Shares-at Cost	Restricted Stock Units (RSUs) [Member]Parent [Member]
Beginning balance, shares at Jun. 30, 2014		41,563
Beginning balance at Jun. 30, 2014		$ 10,000	$ 156,999	$ 896,776	$ (261,852)	$ (1,615)	$ 800,308
Net income	$ 115,484			115,484			115,484
Other comprehensive income (loss)	(58,556)					(58,556)	(58,556)
Cash dividends - $1.04, $1.10 and $1.14 per share for 2015, 2016 and 2017 respectively				(42,663)			(42,663)
Purchases of common stock for treasury, shares		(1,740)
Purchases of common stock for treasury					(76,515)		(76,515)
Treasury shares issued for:
Exercise of stock appreciation rights and options, shares		34
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units									$ 552			$ (425)			$ (1,312)
Exercise of stock appreciation rights and options										$ 415
Performance share awards, shares		12
Performance share awards													$ 52
Restricted stock units, shares		36
Restricted stock units																$ 76
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units											$ 967			$ (373)			$ (1,236)
Deferred compensation plans, shares		1
Deferred compensation plans			24		21		45
Compensation expense -- stock appreciation rights and options			2,851				2,851		1,610		1,610
Other, shares		(1)
Other			(227)	(49)	(318)		(594)
Ending balance, shares at Jun. 30, 2015		39,905
Ending balance at Jun. 30, 2015		$ 10,000	160,072	969,548	(338,121)	(60,171)	741,328
Net income	29,577			29,577			29,577
Other comprehensive income (loss)	$ (25,375)					(25,375)	(25,375)
Cash dividends - $1.04, $1.10 and $1.14 per share for 2015, 2016 and 2017 respectively				(54,266)			(54,266)
Purchases of common stock for treasury, shares		(951)
Purchases of common stock for treasury					(37,465)		(37,465)
Treasury shares issued for:
Exercise of stock appreciation rights and options, shares		64
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units									(391)			(308)			(530)
Exercise of stock appreciation rights and options										1,000
Performance share awards, shares		8
Performance share awards													116
Restricted stock units, shares		15
Restricted stock units																232
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units											609			(192)			(298)
Compensation expense -- stock appreciation rights and options			2,524				2,524		1,543		1,543
Other, shares		16
Other			(381)	(38)	350		(69)
Ending balance, shares at Jun. 30, 2016	39,057	39,057
Ending balance at Jun. 30, 2016	$ 657,916	$ 10,000	162,529	944,821	(373,888)	(85,546)	657,916
Net income	133,910			133,910			133,910
Other comprehensive income (loss)	$ 3,844					3,844	3,844
Cash dividends - $1.04, $1.10 and $1.14 per share for 2015, 2016 and 2017 respectively				(45,005)			(45,005)
Purchases of common stock for treasury, shares		(163)
Purchases of common stock for treasury					(8,242)		(8,242)
Treasury shares issued for:
Exercise of stock appreciation rights and options, shares		111						343
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units									(2,218)			$ (360)			$ (624)
Exercise of stock appreciation rights and options										$ 105
Performance share awards, shares		10
Performance share awards													$ 126
Restricted stock units, shares		15
Restricted stock units																$ 227
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units											(2,113)			$ (234)			$ (397)
Compensation expense -- stock appreciation rights and options			3,629				3,629		$ 1,891		$ 1,891
Other, shares		11
Other			(192)	25	224		57
Ending balance, shares at Jun. 30, 2017	39,041	39,041
Ending balance at Jun. 30, 2017	$ 745,256	$ 10,000	$ 164,655	$ 1,033,751	$ (381,448)	$ (81,702)	$ 745,256

Statements of Consolidated Sha8

Statements of Consolidated Shareholders' Equity Statements of Consolidated Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Common Stock, Dividends, Per Share, Cash Paid	$ 1.14	$ 1.10	$ 1.04

Business and Accounting Policie

Business and Accounting Policies	12 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	BUSINESS AND ACCOUNTING POLICIES Business Applied Industrial Technologies, Inc. and subsidiaries (the “Company” or “Applied”) is a leading distributor of bearings, power transmission products, fluid power components, and other industrial supplies, 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 storeroom services 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. 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 (income) expense, 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 (income) expense, 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, New Zealand, and Singapore. 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, 2017 , approximately 22.5% 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 and inactive 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 inventory accounting methods 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 $20,060 , $21,480 and $24,430 for the fiscal years ended June 30, 2017 , 2016 and 2015 , 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 the 2015 Long-Term Performance Plan, 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 Share-based Payment Awards In March 2016, the FASB issued its final standard on simplifying the accounting for share-based payment awards. This standard, issued as ASU 2016-09, simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification on the statement of cash flows, and accounting for forfeitures. This update is effective for annual and interim financial statement periods beginning after December 15, 2016, with early adoption permitted. The Company early adopted ASU 2016-09 in the first quarter of fiscal 2017. The new standard requires prospective recognition of excess tax benefits and deficiencies resulting from share-based compensation awards vesting and exercises be recognized in the income statement. Previously, these amounts were recognized in additional paid-in capital. Net excess tax benefits of $2,403 for the year ended June 30, 2017 , were recognized as a reduction of income tax expense. In addition, ASU 2016-09 requires excess tax benefits and deficiencies to be prospectively excluded from the assumed future proceeds in the calculation of diluted shares, resulting in an insignificant increase in diluted weighted average shares outstanding for year ended June 30, 2017 , which did not have a material impact on earnings per share. The Company has elected to continue to estimate the number of share-based awards expected to vest, as permitted by ASU 2016-09, rather than electing to account for forfeitures as they occur. The standard requires that excess tax benefits from share-based compensation awards be reported as operating activities in the consolidated statements of cash flows. Previously, these cash flows were included in financing activities. We have elected to apply this change on a prospective basis, resulting in an increase in net cash provided by operating activities and net cash used in financing activities of $2,403 for the year ended June 30, 2017 . ASU 2016-09 requires that employee taxes paid when an employer withholds shares for tax-withholding purposes be reported as financing activities in the consolidated statements of cash flows. Previously, these cash flows were included in operating activities. This change was required to be applied on a retrospective basis. As such, the consolidated statements of cash flows for the prior periods were revised. This change resulted in an increase in net cash provided by operating activities and in net cash used in financing activities of $1,022 and $2,469 for the years ended June 30, 2016 and 2015 , respectively. Debt Issue Costs 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, rather than as an asset. This update is effective for annual financial statement periods beginning after December 15, 2015, and interim periods within those fiscal years. As required, the Company adopted ASU 2015-03 in the first quarter of fiscal 2017 and has applied the new standard retrospectively. The retrospective adoption of ASU 2015-03 resulted in the reclassification as of June 30, 2016 of unamortized debt issue costs of $105 from other current assets to a reduction of current portion of long-term debt and $399 from other assets to a reduction of long-term debt on the Company's consolidated balance sheets. Measurement-period Adjustments for Business Combinations In September 2015, the FASB issued its final standard on simplifying the accounting for measurement-period adjustments for business combinations. This standard, issued as ASU 2015-16, requires that an entity that is the acquirer in a business combination that identifies adjustments to provisional amounts during the measurement period to recognize those adjustments in the reporting period in which the amounts are determined. This update further requires that the acquirer record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The update is effective for annual and interim financial statement periods beginning after December 15, 2015, and is applied prospectively to adjustments to provisional amounts that occur after the effective date of this update, with early adoption permitted. The Company adopted ASU 2015-16 in the first quarter of fiscal 2017. The adoption of this update did not have a material impact on the financial statements of the Company. New Accounting Pronouncements In May 2014, the FASB issued its final standard on the recognition of revenue from contracts with customers. In July 2015, the FASB issued its final standard on simplifying the measurement of inventory. This standard, issued as ASU 2015-11, specifies that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The new standard does not apply to inventory that is measured using LIFO; therefore, it is not applicable to the Company's U.S. inventory values, but does apply to the Company's foreign inventories which are valued using the average cost method. The update is effective for financial statement periods beginning after December 15, 2016, with earlier application permitted. The Company will adopt this standard when it becomes effective in the first quarter of fiscal 2018, and it is not expected to have a material impact on the Company's financial statements and related disclosures. In February 2016, the FASB issued its final standard on accounting for leases. This standard, issued as ASU 2016-02, requires that an entity that is a lessee recognize lease assets and lease liabilities on the balance sheet for all leases and disclose key information about leasing arrangements. The core principle of this update is that a "lessee should recognize the assets and liabilities that arise from leases." This update is effective for financial statement periods beginning after December 15, 2018, with earlier application permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In June 2016, the FASB issued its final standard on measurement of credit losses on financial instruments. This standard, issued as ASU 2016-13, requires that an entity measure impairment of certain financial instruments, including trade receivables, based on expected losses rather than incurred losses. This update is effective for financial statement periods beginning after December 15, 2019, with early adoption permitted for financial statement periods beginning after December 15, 2018. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In August 2016, the FASB issued its final standard on the classification of certain cash receipts and cash payments within the statement of cash flows. This standard, issued as ASU 2016-15, makes a number of changes meant to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. This update is effective for annual and interim financial statement periods beginning after December 15, 2018, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In October 2016, the FASB issued its final standard on the income tax consequences of intra-entity transfers of assets other than inventory. This standard, issued as ASU 2016-16, requires that an entity recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs and eliminates the exception for an intra-entity transfer of an asset other than inventory. This update is effective for annual and interim financial statement periods beginning after December 15, 2017, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In January 2017, the FASB issued its final standard on simplifying the test for goodwill impairment. This standard, issued as ASU 2017-04, eliminates step 2 from the goodwill impairment test and instead requires an entity to perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to that reporting unit. This update is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, with early adoption permitted. Upon adoption, the Company will apply this guidance prospectively to its annual and interim goodwill impairment tests and disclose the change in accounting principle. In March 2017, the FASB issued its final standard on improving the presentation of net periodic pension and postretirement benefit costs. This standard, issued as ASU 2017-07, requires that an employer report the service cost component for defined benefit plans and postretirement plans in the same line item in the income statement as other compensation costs arising from services rendered by the employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. This update is effective for annual financial statement periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period. The Company has decided to early adopt this standard as of the beginning of fiscal 2018, and will apply the guidance retrospectively to all periods presented. The impact of the adoption of this guidance will result in the reclassification of the other components of net benefit cost from selling, distribution, and administrative expense to other (income) expense, net in the statements of consolidated income, resulting in an increase to operating income. There is no impact to income before income taxes or net income, so therefore no impact to net income per share. The amounts reclassified would result in an increase in operating income of $796 , $981 and $782 for the years ended June 30, 2017 , June 30, 2016 and June 30, 2015 , respectively. In May 2017, the FASB issued its final standard on scope of modification accounting. This standard, issued as 2017-09, provides guidance about which change to the terms or conditions of a share-based payment award require an entity to apply modification accounting. This update is effective for annual and interim financial statement periods beginning after December 15, 2017, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures.

Business Combinations

Business Combinations	12 Months Ended
	Jun. 30, 2017
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. Fiscal 2017 Acquisition On March 3, 2017, the Company acquired substantially all of the net assets of Sentinel Fluid Controls ("Sentinel"), a distributor of hydraulic and lubrication components, systems and solutions operating from four locations - Toledo, OH, New Berlin, WI, Valparaiso, IN, and Indianapolis, IN. Sentinel is included in the Fluid Power Businesses segment. The purchase price for the acquisition was $3,755 , net tangible assets acquired were $3,130 , and goodwill was $625 based upon estimated fair values at the acquisition date. The purchase price includes $982 of acquisition holdback payments, of which $175 was paid during the year ended June 30, 2017 . The remaining balance of $807 is included in other current liabilities and other liabilities on the consolidated balance sheets, which will be paid plus interest at various times in the future. The Company funded the amount paid for the acquisition at closing using available cash. The acquisition price and the results of operations for the acquired entity are not material in relation to the Company's consolidated financial statements. Fiscal 2016 Acquisitions On June 14, 2016, the Company acquired 100% of the outstanding stock of Seals Unlimited ("Seals"), a distributor of sealing, fastener, and hose products located in Burlington, Ontario. On January 4, 2016, the Company acquired substantially all of the net assets of HUB Industrial Supply ("HUB"), a distributor of consumable industrial products operating from three locations - Lake City, FL, Indianapolis, IN, and Las Vegas, NV. On August 3, 2015, the Company acquired substantially all of the net assets of Atlantic Fasteners Co., Inc. ("Atlantic Fasteners"), a distributor of C-Class consumables including industrial fasteners and related industrial supplies located in Agawam, MA. Seals, HUB, and Atlantic Fasteners are all included in the Service Center Based Distribution segment. On October 1, 2015, the Company acquired substantially all of the net assets of S.G. Morris Co. ("SGM"). SGM, headquartered in Cleveland, OH, is a distributor of hydraulic components throughout Ohio, Western Pennsylvania and West Virginia and is included in the Fluid Power Businesses segment. The total combined consideration for these acquisitions was approximately $65,900 , net tangible assets acquired were $22,700 , and intangibles including goodwill were $43,200 based upon estimated fair values at the acquisition dates. The total combined consideration includes $3,300 of acquisition holdback payments, of which $1,250 was paid during the year ended June 30, 2017 . The remaining balance of $2,050 is included in other liabilities on the consolidated balance sheets, which will be paid plus interest in October 2018. The Company funded the amounts paid for the acquisitions at closing using available cash and borrowings under the revolving credit facility at variable interest rates. The acquisition prices and the results of operations for the acquired entities are not material in relation to the Company's consolidated financial statements. 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 was 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 was to be paid as acquisition holdback payments in three payments with interest at a fixed rate of 1.50% per annum; $7,100 was paid during fiscal 2016, and $7,200 was paid during fiscal 2017, extinguishing the liability. 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 was attributable primarily to expected synergies and other benefits that the Company believed would result from the acquisition of Knox. Other Fiscal 2015 Acquisitions Other acquisitions during fiscal 2015 included 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., 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 $21,000 and intangibles including goodwill were $33,900 , based upon estimated fair values at the acquisition date. The Company funded these acquisitions from borrowings under our existing debt facilities. Acquisition holdback payments totaled $6,900 for these acquisitions, of which $340 remains to be paid in July 2017 and is included in other current liabilities on the consolidated balance sheets. The results of operations for the Mexican, Australian, and Ira Pump acquisitions are not material for any period presented. Holdback Liabilities for Acquisitions Acquisition holdback payments of approximately $672 , $2,384 , $75 and $75 will be made in fiscal 2018, 2019, 2020 and 2024, 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 2018 and other liabilities for the amounts due in fiscal years 2019 through 2024.

Inventories

Inventories	12 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consist of the following: June 30, 2017 2016 U.S. inventories at average cost $ 373,984 $ 380,000 Foreign inventories at average cost 108,734 105,465 482,718 485,465 Less: Excess of average cost over LIFO cost for U.S. inventories 137,573 147,244 Inventories on consolidated balance sheets $ 345,145 $ 338,221 In fiscal 2017 , reductions in U.S. inventories, primarily in the bearings pool which included the scrapping of approximately $6,000 of product, 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 $9,414 and $2,100 in fiscal 2017 and fiscal 2016 , respectively. There were no LIFO layer liquidations in fiscal 2015 .

Goodwill and Intangibles

Goodwill and Intangibles	12 Months Ended
	Jun. 30, 2017
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, 2017 and 2016 are as follows: Service Center Based Distribution Fluid Power Businesses Total Balance at July 1, 2015 $ 253,477 $ 929 $ 254,406 Goodwill acquired during the year 18,683 3,285 21,968 Impairment (64,794 ) — (64,794 ) Other, primarily currency translation (8,880 ) — (8,880 ) Balance at June 30, 2016 198,486 4,214 202,700 Goodwill added during the year 3,220 625 3,845 Other, primarily currency translation 34 (444 ) (410 ) Balance at June 30, 2017 $ 201,740 $ 4,395 $ 206,135 During the first quarter of fiscal 2017 , the Company recorded an adjustment to the preliminary estimated fair value of intangible assets related to the HUB acquisition. The fair values of the customer relationships and trade names intangible assets were decreased by $2,636 and $584 , respectively, with a corresponding total increase to goodwill of $3,220 . The changes to the preliminary estimated fair values resulted in a decrease to amortization expense of $156 during fiscal 2017 , which is recorded in selling, distribution and administrative expense on the statements of consolidated income. On July 1, 2016, the Company enacted a change in its management reporting structure which changed the composition of the Canada service center reporting unit. This triggering event required the Company to perform an interim goodwill impairment test for the Canada service center reporting unit. The Company performed step one of the goodwill impairment test for the Canada service center reporting unit as of July 1, 2016 and determined that the reporting unit had excess fair value of approximately $8,000 or 5% when compared to its carrying amount of approximately $163,000 . In conjunction with this management change, $2,628 of goodwill was reallocated from the Canada service center reporting unit to the U.S. service center reporting unit based on the relative fair value as of July 1, 2016. The Company has six ( 6 ) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2017. The Company concluded that all of the reporting units’ fair value exceeded their carrying amounts by at least 20% as of January 1, 2017. The fair values of the reporting units in accordance with the goodwill impairment test were determined using the Income and Market approaches. The Income approach employs the discounted cash flow method reflecting projected cash flows expected to be generated by market participants and then adjusted for time value of money factors. The Market approach utilizes an analysis of comparable publicly traded companies. The Company had seven ( 7 ) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2016. The Company concluded that five ( 5 ) of the reporting units’ fair value substantially exceeded their carrying amounts. The carrying value for two ( 2 ) reporting units (Canada service center and Australia/New Zealand service center) exceeded the fair value, indicating there may be goodwill impairment. The fair values of the reporting units in accordance with step one of the goodwill impairment test were determined using the Income and Market approaches. Step two of the goodwill impairment test compares the fair value of the reporting unit goodwill with the carrying amount of goodwill. The implied fair value of goodwill is determined in the same manner as in a business combination. The fair value of the reporting unit from step one is allocated to all of the assets and liabilities of the reporting unit, including unrecognized intangible assets, as if the reporting unit had been acquired in a business combination and the fair value of the reporting unit was the purchase price paid to acquire the reporting unit. Step two of the goodwill impairment test for the Canada service center reporting unit was completed in the third quarter of fiscal 2016. The analysis resulted in a goodwill impairment of $56,022 for the Canada service center reporting unit. The non-cash impairment charge was the result of the overall decline in the industrial economy in Canada coupled with the substantial and sustained decline in the oil and gas sector during calendar year 2015. This led to reduced spending by customers and reduced revenue expectations. The uncertainty regarding the oil and gas industries and overall industrial economy in Canada also led the reporting unit to reduce expectations. Step two of the goodwill impairment test for the Australia/New Zealand reporting unit was completed in the third quarter of fiscal 2016. The analysis concluded that all of the Australia/New Zealand reporting unit’s goodwill was impaired, and therefore the Company recorded a non-cash impairment expense of $8,772 in the third quarter of fiscal 2016. The impairment charge was primarily the result of the decline in the mining and extraction industries in Australia, reduced spending by customers, and the effects of reduced revenue expectations. The techniques used in the Company's impairment tests have incorporated a number of assumptions that the Company believes to be reasonable and to reflect known market conditions at the measurement dates. Assumptions in estimating future cash flows are subject to a degree of judgment. The Company makes all efforts to forecast future cash flows as accurately as possible with the information available at the measurement date. The Company evaluates the appropriateness of its assumptions and overall forecasts by comparing projected results of upcoming years with actual results of preceding years. Key Level 3 based assumptions relate to pricing trends, inventory costs, customer demand, and revenue growth. A number of benchmarks from independent industry and other economic publications were also used. Changes in future results, assumptions, and estimates after the measurement date may lead to an outcome where additional 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. Further, continued adverse market conditions could result in the recognition of additional impairment if the Company determines that the fair values of its reporting units have fallen below their carrying values. At June 30, 2017 and 2016 , accumulated goodwill impairment losses subsequent to fiscal year 2002 totaled $64,794 related to the Service Center Based Distribution segment and $36,605 related to the Fluid Power Businesses segment. The Company's identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following: June 30, 2017 Amount Accumulated Amortization Net Book Value Finite-Lived Intangibles: Customer relationships $ 235,009 $ 102,414 $ 132,595 Trade names 43,873 19,295 24,578 Vendor relationships 14,152 9,141 5,011 Non-competition agreements 3,788 2,410 1,378 Total Intangibles $ 296,822 $ 133,260 $ 163,562 June 30, 2016 Amount Accumulated Amortization Net Book Value Finite-Lived Intangibles: Customer relationships $ 239,132 $ 84,566 $ 154,566 Trade names 44,430 16,099 28,331 Vendor relationships 14,042 8,003 6,039 Non-competition agreements 4,700 2,396 2,304 Total Intangibles $ 302,304 $ 111,064 $ 191,240 Amounts include the impact of foreign currency translation. Fully amortized amounts are written off. Due to continued softness in the upstream oil and gas industry, management also assessed long-lived intangible assets related to the Reliance asset groups for impairment during the first and third quarters of fiscal 2017. For the assessment in the third quarter of fiscal 2017, the sum of the undiscounted cash flows exceeded the carrying values of the Reliance U.S. and Reliance Canada asset groups of $15,657 and $80,228 , respectively, by 149% and 13% , respectively, therefore, no impairment was recognized. Changes in future results, assumptions, and estimates after the measurement 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. Further, continued adverse market conditions could result in the recognition of impairment if the Company determines that the fair values of its intangible assets have fallen below their carrying values. Amortization of identifiable intangibles totaled $24,371 , $25,580 and $ 25,797 in fiscal 2017 , 2016 and 2015 , 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, 2017 is estimated to be $22,500 for 2018 , $20,700 for 2019 , $18,900 for 2020 , $17,400 for 2021 and $15,100 for 2022 .

Debt

Debt	12 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
DEBT	DEBT Revolving Credit Facility & Term Loan In December 2015, the Company entered into a five-year credit facility with a group of banks expiring in December 2020 . This agreement provides for a $125,000 unsecured term loan and a $250,000 unsecured revolving credit facility. 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 or prime at the Company’s discretion. At June 30, 2017 and June 30, 2016 , the Company had $120,313 and $123,438 , respectively, outstanding under the term loan. The Company had no outstanding balance under the revolver as of June 30, 2017 and $33,000 outstanding as of June 30, 2016 . Unused lines under this facility, net of outstanding letters of credit of $2,441 and $2,707 to secure certain insurance obligations, totaled $247,559 and $214,293 at June 30, 2017 and June 30, 2016 , respectively, and are available to fund future acquisitions or other capital and operating requirements. The interest rate on the term loan was 2.25% as of June 30, 2017 and 1.5% as of June 30, 2016 . The weighted-average interest rate on the revolving credit facility outstanding was 1.44% as of June 30, 2016 . Additionally, the Company had letters of credit outstanding with a separate bank, not associated with the revolving credit agreement, in the amount of $2,698 as of June 30, 2017 and June 30, 2016 , respectively, in order to secure certain insurance obligations. Other Long-Term Borrowings At June 30, 2017 and June 30, 2016 , 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% , and are due in equal principal payments in July 2020, 2021, and 2022. The "Series D" notes have a principal amount of $50,000 and carry a fixed interest rate of 3.21% , and are due in equal principal payments in October 2019 and 2023. As of June 30, 2017 , $50,000 in additional financing was available under this facility. 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, maturing in May 2024. At June 30, 2017 and 2016 , $1,669 and $1,896 was outstanding, respectively. Unamortized debt issue costs of $105 are included as a reduction of current portion of long-term debt on the consolidated balance sheets as of June 30, 2017 and June 30, 2016 . Unamortized debt issue costs of $294 and $399 are included as a reduction of long-term debt on the consolidated balance sheets as of June 30, 2017 and June 30, 2016 , respectively. 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 2018 $ 4,919 2019 6,484 2020 33,051 2021 141,802 2022 40,245 Thereafter 65,481 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, 2017 , the most restrictive of these covenants required that the Company have net indebtedness less than 3.25 times consolidated income before, interest, taxes, depreciation and amortization. The Company was in compliance with all financial covenants at June 30, 2017 .

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Marketable securities measured at fair value at June 30, 2017 and June 30, 2016 totaled $10,481 and $9,097 , 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, 2017 , 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, 2017
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, 2017 2016 2015 U.S. $ 154,472 $ 139,960 $ 152,618 Foreign 12,494 (60,982 ) 23,253 Income before income taxes $ 166,966 $ 78,978 $ 175,871 Provision The provision (benefit) for income taxes consists of: Year Ended June 30, 2017 2016 2015 Current: Federal $ 26,456 $ 45,226 $ 52,861 State and local 4,692 6,349 6,884 Foreign 4,760 4,407 5,603 Total current 35,908 55,982 65,348 Deferred: Federal 852 397 (3,799 ) State and local 535 (30 ) (153 ) Foreign (4,239 ) (6,948 ) (1,009 ) Total deferred (2,852 ) (6,581 ) (4,961 ) Total $ 33,056 $ 49,401 $ 60,387 During the fourth quarter of fiscal 2017, the Company recorded a net tax benefit of $22,246 pertaining to a worthless stock deduction. The tax benefit of this deduction was based on the write-off of the Company's investment in one of its Canadian subsidiaries for US tax purposes reduced by $1,019 of tax provided for a valuation allowance applicable to the related state deferred income tax asset. The exercise of non-qualified stock appreciation rights and options during fiscal 2017 , 2016 and 2015 resulted in $1,921 , $212 and $352 , respectively, of income tax benefits to the Company derived from the difference between the market and option price of the shares at the date of exercise and the fair value of the options on the grant date. Vesting of stock awards and other stock compensation in fiscal 2017 , 2016 and 2015 resulted in $482 , $(4) and $690 , respectively, of incremental income tax benefits (expense) over the amounts previously reported for financial reporting purposes. Due to the adoption of ASU 2016-09, the tax benefits for fiscal 2017 were recorded in income tax expense in the statements of consolidated income, while the fiscal 2016 and 2015 tax (expense) 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, 2017 2016 2015 Statutory income tax rate 35.0 % 35.0 % 35.0 % Effects of: State and local taxes 2.8 5.2 2.5 Worthless stock deduction (13.9 ) — — Stock compensation (1.4 ) — — Goodwill impairment — 27.1 — Foreign income taxes (2.3 ) (3.0 ) (2.5 ) Deductible dividend (0.4 ) (0.9 ) (0.5 ) Valuation allowance 0.3 0.5 0.5 Other, net (0.3 ) (1.3 ) (0.7 ) Effective income tax rate 19.8 % 62.6 % 34.3 % Consolidated Balance Sheets Significant components of the Company’s deferred tax assets and liabilities are as follows: June 30, 2017 2016 Deferred tax assets: Compensation liabilities not currently deductible $ 26,873 $ 25,992 Other expenses and reserves not currently deductible 11,601 11,650 Goodwill and intangibles 5,661 6,366 Foreign tax credit (expiring in years 2025-2026) 709 849 Net operating loss carryforwards (expiring in years 2018-2037) 5,729 4,960 Other 119 83 Total deferred tax assets 50,692 49,900 Less: Valuation allowance (1,831 ) (1,347 ) Deferred tax assets, net of valuation allowance 48,861 48,553 Deferred tax liabilities: Inventories (7,447 ) (4,785 ) Goodwill and intangibles (30,482 ) (33,353 ) Depreciation and differences in property bases (10,122 ) (9,892 ) Total deferred tax liabilities (48,051 ) (48,030 ) Net deferred tax assets $ 810 $ 523 Net deferred tax assets are classified as follows: Deferred tax assets $ 8,985 $ 12,277 Other liabilities (8,175 ) (11,754 ) Net deferred tax assets $ 810 $ 523 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, 2017 , all undistributed earnings of non-U.S. subsidiaries are considered to be permanently reinvested and totaled approximately $92,106 , for which no U.S. tax has been provided. 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 fiscal 2015, $17,793 of cash was distributed by one of the Company's non-US subsidiaries as a non-taxable return of capital. 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, 2017 , 2016 and 2015 : Year Ended June 30, 2017 2016 2015 Unrecognized Income Tax Benefits at beginning of the year $ 2,915 $ 2,604 $ 2,364 Current year tax positions 574 539 472 Prior year tax positions 259 — — Expirations of statutes of limitations (189 ) (132 ) (160 ) Settlements (26 ) (96 ) (72 ) Unrecognized Income Tax Benefits at end of year $ 3,533 $ 2,915 $ 2,604 Included in the balance of unrecognized income tax benefits at June 30, 2017 , 2016 and 2015 are $3,323 , $2,691 and $2,377 , respectively, of income tax benefits that, if recognized, would affect the effective income tax rate. During 2017 , 2016 and 2015 , the Company recognized $163 and $127 and $49 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 $787 and $625 as of June 30, 2017 and 2016 , 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 2014 through 2017 and to state and local income tax examinations for the tax years 2011 through 2017. In addition, the Company is subject to foreign income tax examinations for the tax years 2010 through 2017. 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, 2017
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS’ EQUITY Treasury Shares At June 30, 2017 , 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, 2017, 2016 and 2015, are comprised of the following amounts, shown net of taxes: Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Postemployment benefits Total accumulated other comprehensive (loss) income Balance at July 1, 2014 $ 989 $ 21 $ (2,625 ) $ (1,615 ) Other comprehensive loss (58,233 ) (25 ) (472 ) (58,730 ) Amounts reclassified from accumulated other comprehensive income (loss) — — 174 174 Net current-period other comprehensive loss (58,233 ) (25 ) (298 ) (58,556 ) Balance at June 30, 2015 (57,244 ) (4 ) (2,923 ) (60,171 ) Other comprehensive loss (24,441 ) (34 ) (1,215 ) (25,690 ) Amounts reclassified from accumulated other comprehensive income (loss) — — 315 315 Net current-period other comprehensive loss (24,441 ) (34 ) (900 ) (25,375 ) Balance at June 30, 2016 (81,685 ) (38 ) (3,823 ) (85,546 ) Other comprehensive income 2,238 59 1,239 3,536 Amounts reclassified from accumulated other comprehensive income (loss) — — 308 308 Net current-period other comprehensive income 2,238 59 1,547 3,844 Balance at June 30, 2017 $ (79,447 ) $ 21 $ (2,276 ) $ (81,702 ) Other Comprehensive Income (Loss) Details of other comprehensive income (loss) are as follows: Year Ended June 30, 2017 2016 2015 Pre-Tax Amount Tax Expense Net Amount Pre-Tax Amount Tax (Benefit) Expense Net Amount Pre-Tax Amount Tax (Benefit) Expense Net Amount Foreign currency translation adjustments $ 2,238 $ — $ 2,238 $ (24,441 ) $ — $ (24,441 ) $ (58,233 ) $ — $ (58,233 ) Postemployment benefits: Actuarial gain (loss) on remeasurement 2,038 799 1,239 (1,998 ) (783 ) (1,215 ) (776 ) (304 ) (472 ) Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs 506 198 308 518 203 315 286 112 174 Unrealized gain (loss) on investment securities available for sale 91 32 59 (52 ) (18 ) (34 ) (38 ) (13 ) (25 ) Other comprehensive income (loss) $ 4,873 $ 1,029 $ 3,844 $ (25,973 ) $ (598 ) $ (25,375 ) $ (58,761 ) $ (205 ) $ (58,556 ) 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, 2017 2016 2015 Net Income $ 133,910 $ 29,577 $ 115,484 Average Shares Outstanding: Weighted-average common shares outstanding for basic computation 39,013 39,254 40,892 Dilutive effect of potential common shares 391 212 295 Weighted-average common shares outstanding for dilutive computation 39,404 39,466 41,187 Net Income Per Share — Basic $ 3.43 $ 0.75 $ 2.82 Net Income Per Share — Diluted $ 3.40 $ 0.75 $ 2.80 Stock appreciation rights and options relating to 141 , 775 and 435 shares of common stock were outstanding at June 30, 2017 , 2016 and 2015 , 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, 2017
Share-based Compensation [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Share-Based Incentive Plans Following approval by the Company's shareholders in October 2015, the 2015 Long-Term Performance Plan (the "2015 Plan") replaced the 2011 Long-Term Performance Plan. The 2015 Plan, which expires in 2020, 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, 2017 2016 2015 SARs and options $ 1,891 $ 1,543 $ 1,610 Performance shares 1,331 446 836 Restricted stock and RSUs 2,298 2,078 2,015 Total compensation costs under award programs $ 5,520 $ 4,067 $ 4,461 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 $4,848 , $1,595 and $1,749 for fiscal years 2017 , 2016 and 2015 , 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 with the potential to be paid at June 30, 2017 are summarized in the table below: June 30, 2017 Average Expected Period of Expected Recognition (Years) SARs and options $ 2,893 2.6 Performance shares 3,910 1.7 Restricted stock and RSUs 2,149 1.9 Total unrecognized compensation costs under award programs $ 8,952 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 2015 Plan is 2,500 ; shares available for future grants at June 30, 2017 were 2,021 . Stock Appreciation Rights and Stock Options The weighted-average assumptions used for SARs and stock option grants issued in fiscal 2017 , 2016 2015 are: 2017 2016 2015 Expected life, in years 4.8 4.4 4.7 Risk free interest rate 1.2 % 1.3 % 1.4 % Dividend yield 2.5 % 2.5 % 2.5 % Volatility 24.1 % 26.0 % 29.0 % Per share fair value of SARs and stock options granted during the year $7.97 $6.79 $9.53 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, 2017 (Shares in thousands) Outstanding, beginning of year 1,236 $ 37.69 Granted 335 48.97 Exercised (343 ) 32.30 Forfeited (10 ) 42.69 Outstanding, end of year 1,218 $ 42.26 Exercisable at end of year 585 $ 38.44 Expected to vest at end of year 1,187 $ 42.14 The weighted-average remaining contractual terms for SARs and stock options outstanding, exercisable, and expected to vest at June 30, 2017 were 7.0 , 5.3 , and 6.9 years, respectively. The aggregate intrinsic values of SARs and stock options outstanding, exercisable, and expected to vest at June 30, 2017 were $20,456 $12,051 , and $20,075 , respectively. The aggregate intrinsic value of the SARs and stock options exercised during fiscal 2017 , 2016 , and 2015 was $8,396 , $2,422 , and $1,601 , respectively. The total fair value of shares vested during fiscal 2017 , 2016 , and 2015 was $1,788 , $1,291 , and $2,187 , 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, 2017 is presented below: Shares Weighted-Average Grant-Date Fair Value Year Ended June 30, 2017 (Shares in thousands) Nonvested, beginning of year 37 $ 46.01 Awarded 29 44.56 Vested (14 ) 50.39 Nonvested, end of year 52 $ 43.99 The Committee set three one -year goals for each of the 2017, 2016 and 2015 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, 2017 , the maximum number of shares which could be earned in future periods was 91 . 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, 2017 is presented below: Shares Weighted-Average Grant-Date Fair Value Year Ended June 30, 2017 (Share amounts in thousands) Nonvested, beginning of year 118 $ 43.56 Granted 47 52.91 Forfeitures (4 ) 44.27 Vested (45 ) 44.69 Nonvested, end of year 116 $ 46.91

Benefit Plans

Benefit Plans	12 Months Ended
	Jun. 30, 2017
Retirement Benefits, Description [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’s expense for matching of employees’ 401(k) contributions was $6,677 , $2,535 and $3,156 during fiscal 2017 , 2016 and 2015 , 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 funded 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 and Key Executive Restoration 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), a funded, non-qualified deferred compensation plan, to replace the SERP. The Company recorded $289 , $268 , and $300 of expense associated with this plan in fiscal 2017, 2016, and 2015, 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 2017 2016 2017 2016 Change in benefit obligation: Benefit obligation at beginning of the year $ 26,605 $ 29,994 $ 2,235 $ 2,144 Service cost 126 91 29 22 Interest cost 687 879 63 75 Plan participants’ contributions — — 69 60 Benefits paid (1,562 ) (5,555 ) (237 ) (229 ) Amendments — — (245 ) — Actuarial (gain) loss during year (1,445 ) 1,196 (230 ) 163 Benefit obligation at end of year $ 24,411 $ 26,605 $ 1,684 $ 2,235 Change in plan assets: Fair value of plan assets at beginning of year $ 6,737 $ 7,185 $ — $ — Actual gain (loss) on plan assets 578 (149 ) — — Employer contributions 776 5,256 168 169 Plan participants’ contributions — — 69 60 Benefits paid (1,561 ) (5,555 ) (237 ) (229 ) Fair value of plan assets at end of year $ 6,530 $ 6,737 $ — $ — Funded status at end of year $ (17,881 ) $ (19,868 ) $ (1,684 ) $ (2,235 ) The amounts recognized in the consolidated balance sheets and in accumulated other comprehensive loss for the post-employment plans were as follows: Pension Benefits Retiree Health Care Benefits June 30, 2017 2016 2017 2016 Amounts recognized in the consolidated balance sheets: Other current liabilities $ 2,814 $ 741 $ 220 $ 220 Post-employment benefits 15,067 19,127 1,464 2,015 Net amount recognized $ 17,881 $ 19,868 $ 1,684 $ 2,235 Amounts recognized in accumulated other comprehensive loss: Net actuarial (loss) gain $ (5,798 ) $ (8,234 ) $ 1,167 $ 1,119 Prior service cost (35 ) (121 ) 922 948 Total amounts recognized in accumulated other comprehensive loss $ (5,833 ) $ (8,355 ) $ 2,089 $ 2,067 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, 2017 2016 Projected benefit obligations $ 24,411 $ 26,605 Accumulated benefit obligations 24,411 26,605 Fair value of plan assets 6,530 6,737 The net periodic costs (benefits) are as follows: Pension Benefits Retiree Health Care Benefits Year Ended June 30, 2017 2016 2015 2017 2016 2015 Service cost $ 126 $ 91 $ 97 $ 29 $ 22 $ 53 Interest cost 687 879 896 63 75 95 Expected return on plan assets (460 ) (491 ) (495 ) — — — Recognized net actuarial loss (gain) 872 913 559 (181 ) (210 ) (87 ) Amortization of prior service cost 86 86 86 (271 ) (271 ) (272 ) Net periodic cost (benefits) $ 1,311 $ 1,478 $ 1,143 $ (360 ) $ (384 ) $ (211 ) 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 $424 and $27 , 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 $155 and $369 , respectively. Assumptions A 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 and the BPS&M Discount 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, 2017 2016 2017 2016 Assumptions used to determine benefit obligations at year end: Discount rate 2.8 % 2.3 % 3.3 % 3.3 % Assumptions used to determine net periodic benefit cost: Discount rate 2.3 % 3.0 % 2.9 % 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 7.0% as of June 30, 2017 and 2016 , respectively, decreasing to 5.0% by 2027. A one-percentage point change in the assumed health care cost trend rates would have had the following effects as of June 30, 2017 and for the year then ended: One-Percentage Point Increase Decrease Effect on total service and interest cost components of periodic expense $ 15 $ (12 ) Effect on post-retirement benefit obligation 159 (135 ) Plan Assets The fair value of each major class of plan assets for the Company’s Qualified Defined Benefit Retirement Plan is 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 2017 2016 Asset Class: Equity* securities (Level 1) 40 – 70% $ 3,880 $ 3,843 Debt securities (Level 2) 20 – 50% 2,538 2,759 Other (Level 1) 0 – 20% 112 135 Total 100% $ 6,530 $ 6,737 * 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 $2,820 to its pension benefit plans and $190 to its retiree health care benefit plans in fiscal 2017. 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 2018 $ 3,200 $ 190 2019 3,700 150 2020 3,800 130 2021 1,300 120 2022 1,300 110 2023 through 2027 4,400 480

Leases

Leases	12 Months Ended
	Jun. 30, 2017
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 minimum annual rental commitments under non-cancelable operating leases as of June 30, 2017 are as follows: During Fiscal Years 2018 $ 29,000 2019 22,700 2020 15,300 2021 8,200 2022 5,300 Thereafter 14,600 Total minimum lease payments $ 95,100 Rental expense incurred for operating leases, principally from leases for real property, vehicles and computer equipment was $35,900 in 2017 , $37,300 in 2016 and $39,300 in 2015 , 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 $2,400 , $3,800 , $3,100 and in fiscal 2017, 2016 and 2015, respectively.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Jun. 30, 2017
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 $23,704 , $21,485 , and $24,087 , in fiscal 2017 , 2016 , and 2015 , respectively, have been eliminated in the following table. Segment Financial Information Service Center Based Distribution Fluid Power Businesses Total Year Ended June 30, 2017 Net sales $ 2,119,904 $ 473,842 $ 2,593,746 Operating income for reportable segments 111,357 51,006 162,363 Assets used in the business 1,153,411 234,184 1,387,595 Depreciation and amortization of property 14,010 1,296 15,306 Capital expenditures 14,497 2,548 17,045 Year Ended June 30, 2016 Net sales $ 2,087,041 $ 432,387 $ 2,519,428 Operating income for reportable segments 109,491 40,794 150,285 Assets used in the business 1,123,597 188,428 1,312,025 Depreciation and amortization of property 14,595 1,371 15,966 Capital expenditures 12,227 903 13,130 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 1,228,131 204,425 1,432,556 Depreciation and amortization of property 15,196 1,382 16,578 Capital expenditures 13,531 1,402 14,933 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, 2017 2016 2015 Operating income for reportable segments $ 162,363 $ 150,285 $ 188,956 Adjustments for: Intangible amortization — Service Center Based Distribution 18,669 19,595 19,561 Intangible amortization — Fluid Power Businesses 5,702 5,985 6,236 Goodwill Impairment — Service Center Based Distribution — 64,794 — Corporate and other income, net (36,598 ) (28,890 ) (21,460 ) Total operating income 174,590 88,801 184,619 Interest expense, net 8,541 8,763 7,869 Other (income) expense, net (917 ) 1,060 879 Income before income taxes $ 166,966 $ 78,978 $ 175,871 Fluctuations in corporate and other (income) expense, net, are due to changes in corporate expenses, as well as in the amounts and levels of certain supplier support benefits and 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, 2017 2016 2015 Industrial $ 1,855,437 $ 1,836,484 $ 2,013,447 Fluid power 738,309 682,944 738,114 Net sales $ 2,593,746 $ 2,519,428 $ 2,751,561 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, 2017 2016 2015 Net Sales: United States $ 2,182,552 $ 2,117,485 $ 2,238,263 Canada 251,999 257,797 358,580 Other Countries 159,195 144,146 154,718 Total $ 2,593,746 $ 2,519,428 $ 2,751,561 June 30, 2017 2016 2015 Long-Lived Assets: United States $ 207,126 $ 225,538 $ 217,597 Canada 57,947 66,304 76,565 Other Countries 6,558 7,163 9,113 Total $ 271,631 $ 299,005 $ 303,275 Other countries consist of Mexico, Australia, New Zealand, and Singapore.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2017
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 (Income) Expense, Net

Other (Income) Expense, Net	12 Months Ended
	Jun. 30, 2017
Other Income and Expenses [Abstract]
OTHER (INCOME) EXPENSE, NET	OTHER (INCOME) EXPENSE, NET Other (income) expense, net, consists of the following: Year Ended June 30, 2017 2016 2015 Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan $ (1,188 ) $ (87 ) $ (442 ) Foreign currency transaction losses 209 1,039 1,251 Other, net 62 108 70 Total other (income) expense, net $ (917 ) $ 1,060 $ 879

Subsequent Event Subsequent Eve

Subsequent Event Subsequent Events (Notes)	12 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS We have evaluated events and transactions occurring subsequent to June 30, 2017 through the date the financial statements were issued. On July 3, 2017, the Company acquired 100% of the outstanding stock of DICOFASA, located in Puebla, Mexico, for a purchase price of approximately $5,898 . The Company funded this acquisition using available cash. As a distributor of accessories and components for hydraulic systems and lubrication, this business will be included in the Fluid Power Businesses Segment.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2017
Valuation and Qualifying Accounts [Abstract]
VALUATION AND QUALIFYING ACCOUNTS	APPLIED INDUSTRIAL TECHNOLOGIES, INC. & SUBSIDIARIES SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS YEARS ENDED JUNE 30, 2017, 2016, AND 2015 (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, 2017 Reserve deducted from assets to which it applies — accounts receivable allowances $ 11,034 $ 2,071 $ (133 ) (A) $ 3,344 (B) $ 9,628 Year Ended June 30, 2016 Reserve deducted from assets to which it applies — accounts receivable allowances $ 10,621 $ 4,303 $ (46 ) (A) $ 3,844 (B) $ 11,034 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 (A) Amounts represent reserves for the return of merchandise by customers. (B) Amounts represent uncollectible accounts charged off.

Business and Accounting Polic25

Business and Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Business	Business Applied Industrial Technologies, Inc. and subsidiaries (the “Company” or “Applied”) is a leading distributor of bearings, power transmission products, fluid power components, and other industrial supplies, 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 storeroom services 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.
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 (income) expense, 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 (income) expense, 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, New Zealand, and Singapore. 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, 2017 , approximately 22.5% 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 and inactive 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 inventory accounting methods 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 $20,060 , $21,480 and $24,430 for the fiscal years ended June 30, 2017 , 2016 and 2015 , 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 the 2015 Long-Term Performance Plan, 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 Share-based Payment Awards In March 2016, the FASB issued its final standard on simplifying the accounting for share-based payment awards. This standard, issued as ASU 2016-09, simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification on the statement of cash flows, and accounting for forfeitures. This update is effective for annual and interim financial statement periods beginning after December 15, 2016, with early adoption permitted. The Company early adopted ASU 2016-09 in the first quarter of fiscal 2017. The new standard requires prospective recognition of excess tax benefits and deficiencies resulting from share-based compensation awards vesting and exercises be recognized in the income statement. Previously, these amounts were recognized in additional paid-in capital. Net excess tax benefits of $2,403 for the year ended June 30, 2017 , were recognized as a reduction of income tax expense. In addition, ASU 2016-09 requires excess tax benefits and deficiencies to be prospectively excluded from the assumed future proceeds in the calculation of diluted shares, resulting in an insignificant increase in diluted weighted average shares outstanding for year ended June 30, 2017 , which did not have a material impact on earnings per share. The Company has elected to continue to estimate the number of share-based awards expected to vest, as permitted by ASU 2016-09, rather than electing to account for forfeitures as they occur. The standard requires that excess tax benefits from share-based compensation awards be reported as operating activities in the consolidated statements of cash flows. Previously, these cash flows were included in financing activities. We have elected to apply this change on a prospective basis, resulting in an increase in net cash provided by operating activities and net cash used in financing activities of $2,403 for the year ended June 30, 2017 . ASU 2016-09 requires that employee taxes paid when an employer withholds shares for tax-withholding purposes be reported as financing activities in the consolidated statements of cash flows. Previously, these cash flows were included in operating activities. This change was required to be applied on a retrospective basis. As such, the consolidated statements of cash flows for the prior periods were revised. This change resulted in an increase in net cash provided by operating activities and in net cash used in financing activities of $1,022 and $2,469 for the years ended June 30, 2016 and 2015 , respectively. Debt Issue Costs 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, rather than as an asset. This update is effective for annual financial statement periods beginning after December 15, 2015, and interim periods within those fiscal years. As required, the Company adopted ASU 2015-03 in the first quarter of fiscal 2017 and has applied the new standard retrospectively. The retrospective adoption of ASU 2015-03 resulted in the reclassification as of June 30, 2016 of unamortized debt issue costs of $105 from other current assets to a reduction of current portion of long-term debt and $399 from other assets to a reduction of long-term debt on the Company's consolidated balance sheets. Measurement-period Adjustments for Business Combinations In September 2015, the FASB issued its final standard on simplifying the accounting for measurement-period adjustments for business combinations. This standard, issued as ASU 2015-16, requires that an entity that is the acquirer in a business combination that identifies adjustments to provisional amounts during the measurement period to recognize those adjustments in the reporting period in which the amounts are determined. This update further requires that the acquirer record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The update is effective for annual and interim financial statement periods beginning after December 15, 2015, and is applied prospectively to adjustments to provisional amounts that occur after the effective date of this update, with early adoption permitted. The Company adopted ASU 2015-16 in the first quarter of fiscal 2017. The adoption of this update did not have a material impact on the financial statements of the Company.
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 July 2015, the FASB issued its final standard on simplifying the measurement of inventory. This standard, issued as ASU 2015-11, specifies that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The new standard does not apply to inventory that is measured using LIFO; therefore, it is not applicable to the Company's U.S. inventory values, but does apply to the Company's foreign inventories which are valued using the average cost method. The update is effective for financial statement periods beginning after December 15, 2016, with earlier application permitted. The Company will adopt this standard when it becomes effective in the first quarter of fiscal 2018, and it is not expected to have a material impact on the Company's financial statements and related disclosures. In February 2016, the FASB issued its final standard on accounting for leases. This standard, issued as ASU 2016-02, requires that an entity that is a lessee recognize lease assets and lease liabilities on the balance sheet for all leases and disclose key information about leasing arrangements. The core principle of this update is that a "lessee should recognize the assets and liabilities that arise from leases." This update is effective for financial statement periods beginning after December 15, 2018, with earlier application permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In June 2016, the FASB issued its final standard on measurement of credit losses on financial instruments. This standard, issued as ASU 2016-13, requires that an entity measure impairment of certain financial instruments, including trade receivables, based on expected losses rather than incurred losses. This update is effective for financial statement periods beginning after December 15, 2019, with early adoption permitted for financial statement periods beginning after December 15, 2018. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In August 2016, the FASB issued its final standard on the classification of certain cash receipts and cash payments within the statement of cash flows. This standard, issued as ASU 2016-15, makes a number of changes meant to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. This update is effective for annual and interim financial statement periods beginning after December 15, 2018, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In October 2016, the FASB issued its final standard on the income tax consequences of intra-entity transfers of assets other than inventory. This standard, issued as ASU 2016-16, requires that an entity recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs and eliminates the exception for an intra-entity transfer of an asset other than inventory. This update is effective for annual and interim financial statement periods beginning after December 15, 2017, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In January 2017, the FASB issued its final standard on simplifying the test for goodwill impairment. This standard, issued as ASU 2017-04, eliminates step 2 from the goodwill impairment test and instead requires an entity to perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to that reporting unit. This update is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, with early adoption permitted. Upon adoption, the Company will apply this guidance prospectively to its annual and interim goodwill impairment tests and disclose the change in accounting principle. In March 2017, the FASB issued its final standard on improving the presentation of net periodic pension and postretirement benefit costs. This standard, issued as ASU 2017-07, requires that an employer report the service cost component for defined benefit plans and postretirement plans in the same line item in the income statement as other compensation costs arising from services rendered by the employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. This update is effective for annual financial statement periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period. The Company has decided to early adopt this standard as of the beginning of fiscal 2018, and will apply the guidance retrospectively to all periods presented. The impact of the adoption of this guidance will result in the reclassification of the other components of net benefit cost from selling, distribution, and administrative expense to other (income) expense, net in the statements of consolidated income, resulting in an increase to operating income. There is no impact to income before income taxes or net income, so therefore no impact to net income per share. The amounts reclassified would result in an increase in operating income of $796 , $981 and $782 for the years ended June 30, 2017 , June 30, 2016 and June 30, 2015 , respectively. In May 2017, the FASB issued its final standard on scope of modification accounting. This standard, issued as 2017-09, provides guidance about which change to the terms or conditions of a share-based payment award require an entity to apply modification accounting. This update is effective for annual and interim financial statement periods beginning after December 15, 2017, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures.

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 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

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Items of Inventories	Inventories consist of the following: June 30, 2017 2016 U.S. inventories at average cost $ 373,984 $ 380,000 Foreign inventories at average cost 108,734 105,465 482,718 485,465 Less: Excess of average cost over LIFO cost for U.S. inventories 137,573 147,244 Inventories on consolidated balance sheets $ 345,145 $ 338,221

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	12 Months Ended
	Jun. 30, 2017
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, 2017 and 2016 are as follows: Service Center Based Distribution Fluid Power Businesses Total Balance at July 1, 2015 $ 253,477 $ 929 $ 254,406 Goodwill acquired during the year 18,683 3,285 21,968 Impairment (64,794 ) — (64,794 ) Other, primarily currency translation (8,880 ) — (8,880 ) Balance at June 30, 2016 198,486 4,214 202,700 Goodwill added during the year 3,220 625 3,845 Other, primarily currency translation 34 (444 ) (410 ) Balance at June 30, 2017 $ 201,740 $ 4,395 $ 206,135
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, 2017 Amount Accumulated Amortization Net Book Value Finite-Lived Intangibles: Customer relationships $ 235,009 $ 102,414 $ 132,595 Trade names 43,873 19,295 24,578 Vendor relationships 14,152 9,141 5,011 Non-competition agreements 3,788 2,410 1,378 Total Intangibles $ 296,822 $ 133,260 $ 163,562 June 30, 2016 Amount Accumulated Amortization Net Book Value Finite-Lived Intangibles: Customer relationships $ 239,132 $ 84,566 $ 154,566 Trade names 44,430 16,099 28,331 Vendor relationships 14,042 8,003 6,039 Non-competition agreements 4,700 2,396 2,304 Total Intangibles $ 302,304 $ 111,064 $ 191,240

Debt Maturities of Long Term De

Debt Maturities of Long Term Debt (Tables)	12 Months Ended
	Jun. 30, 2017
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 2018 $ 4,919 2019 6,484 2020 33,051 2021 141,802 2022 40,245 Thereafter 65,481

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Components of income before income taxes	The components of income before income taxes are as follows: Year Ended June 30, 2017 2016 2015 U.S. $ 154,472 $ 139,960 $ 152,618 Foreign 12,494 (60,982 ) 23,253 Income before income taxes $ 166,966 $ 78,978 $ 175,871
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The provision (benefit) for income taxes consists of: Year Ended June 30, 2017 2016 2015 Current: Federal $ 26,456 $ 45,226 $ 52,861 State and local 4,692 6,349 6,884 Foreign 4,760 4,407 5,603 Total current 35,908 55,982 65,348 Deferred: Federal 852 397 (3,799 ) State and local 535 (30 ) (153 ) Foreign (4,239 ) (6,948 ) (1,009 ) Total deferred (2,852 ) (6,581 ) (4,961 ) Total $ 33,056 $ 49,401 $ 60,387
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, 2017 2016 2015 Statutory income tax rate 35.0 % 35.0 % 35.0 % Effects of: State and local taxes 2.8 5.2 2.5 Worthless stock deduction (13.9 ) — — Stock compensation (1.4 ) — — Goodwill impairment — 27.1 — Foreign income taxes (2.3 ) (3.0 ) (2.5 ) Deductible dividend (0.4 ) (0.9 ) (0.5 ) Valuation allowance 0.3 0.5 0.5 Other, net (0.3 ) (1.3 ) (0.7 ) Effective income tax rate 19.8 % 62.6 % 34.3 %
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, 2017 2016 Deferred tax assets: Compensation liabilities not currently deductible $ 26,873 $ 25,992 Other expenses and reserves not currently deductible 11,601 11,650 Goodwill and intangibles 5,661 6,366 Foreign tax credit (expiring in years 2025-2026) 709 849 Net operating loss carryforwards (expiring in years 2018-2037) 5,729 4,960 Other 119 83 Total deferred tax assets 50,692 49,900 Less: Valuation allowance (1,831 ) (1,347 ) Deferred tax assets, net of valuation allowance 48,861 48,553 Deferred tax liabilities: Inventories (7,447 ) (4,785 ) Goodwill and intangibles (30,482 ) (33,353 ) Depreciation and differences in property bases (10,122 ) (9,892 ) Total deferred tax liabilities (48,051 ) (48,030 ) Net deferred tax assets $ 810 $ 523 Net deferred tax assets are classified as follows: Deferred tax assets $ 8,985 $ 12,277 Other liabilities (8,175 ) (11,754 ) Net deferred tax assets $ 810 $ 523
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, 2017 , 2016 and 2015 : Year Ended June 30, 2017 2016 2015 Unrecognized Income Tax Benefits at beginning of the year $ 2,915 $ 2,604 $ 2,364 Current year tax positions 574 539 472 Prior year tax positions 259 — — Expirations of statutes of limitations (189 ) (132 ) (160 ) Settlements (26 ) (96 ) (72 ) Unrecognized Income Tax Benefits at end of year $ 3,533 $ 2,915 $ 2,604

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Jun. 30, 2017
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, 2017, 2016 and 2015, are comprised of the following amounts, shown net of taxes: Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Postemployment benefits Total accumulated other comprehensive (loss) income Balance at July 1, 2014 $ 989 $ 21 $ (2,625 ) $ (1,615 ) Other comprehensive loss (58,233 ) (25 ) (472 ) (58,730 ) Amounts reclassified from accumulated other comprehensive income (loss) — — 174 174 Net current-period other comprehensive loss (58,233 ) (25 ) (298 ) (58,556 ) Balance at June 30, 2015 (57,244 ) (4 ) (2,923 ) (60,171 ) Other comprehensive loss (24,441 ) (34 ) (1,215 ) (25,690 ) Amounts reclassified from accumulated other comprehensive income (loss) — — 315 315 Net current-period other comprehensive loss (24,441 ) (34 ) (900 ) (25,375 ) Balance at June 30, 2016 (81,685 ) (38 ) (3,823 ) (85,546 ) Other comprehensive income 2,238 59 1,239 3,536 Amounts reclassified from accumulated other comprehensive income (loss) — — 308 308 Net current-period other comprehensive income 2,238 59 1,547 3,844 Balance at June 30, 2017 $ (79,447 ) $ 21 $ (2,276 ) $ (81,702 )
Schedule of Comprehensive Income (Loss)	Details of other comprehensive income (loss) are as follows: Year Ended June 30, 2017 2016 2015 Pre-Tax Amount Tax Expense Net Amount Pre-Tax Amount Tax (Benefit) Expense Net Amount Pre-Tax Amount Tax (Benefit) Expense Net Amount Foreign currency translation adjustments $ 2,238 $ — $ 2,238 $ (24,441 ) $ — $ (24,441 ) $ (58,233 ) $ — $ (58,233 ) Postemployment benefits: Actuarial gain (loss) on remeasurement 2,038 799 1,239 (1,998 ) (783 ) (1,215 ) (776 ) (304 ) (472 ) Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs 506 198 308 518 203 315 286 112 174 Unrealized gain (loss) on investment securities available for sale 91 32 59 (52 ) (18 ) (34 ) (38 ) (13 ) (25 ) Other comprehensive income (loss) $ 4,873 $ 1,029 $ 3,844 $ (25,973 ) $ (598 ) $ (25,375 ) $ (58,761 ) $ (205 ) $ (58,556 )
Computation of basic and diluted earnings per share	Year Ended June 30, 2017 2016 2015 Net Income $ 133,910 $ 29,577 $ 115,484 Average Shares Outstanding: Weighted-average common shares outstanding for basic computation 39,013 39,254 40,892 Dilutive effect of potential common shares 391 212 295 Weighted-average common shares outstanding for dilutive computation 39,404 39,466 41,187 Net Income Per Share — Basic $ 3.43 $ 0.75 $ 2.82 Net Income Per Share — Diluted $ 3.40 $ 0.75 $ 2.80

Share - Based Compensation (Tab

Share - Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of share based compensation expense	The 2015 Plan, which expires in 2020, 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, 2017 2016 2015 SARs and options $ 1,891 $ 1,543 $ 1,610 Performance shares 1,331 446 836 Restricted stock and RSUs 2,298 2,078 2,015 Total compensation costs under award programs $ 5,520 $ 4,067 $ 4,461
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]	The aggregate unrecognized compensation cost for share-based award programs with the potential to be paid at June 30, 2017 are summarized in the table below: June 30, 2017 Average Expected Period of Expected Recognition (Years) SARs and options $ 2,893 2.6 Performance shares 3,910 1.7 Restricted stock and RSUs 2,149 1.9 Total unrecognized compensation costs under award programs $ 8,952 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 2017 , 2016 2015 are: 2017 2016 2015 Expected life, in years 4.8 4.4 4.7 Risk free interest rate 1.2 % 1.3 % 1.4 % Dividend yield 2.5 % 2.5 % 2.5 % Volatility 24.1 % 26.0 % 29.0 % Per share fair value of SARs and stock options granted during the year $7.97 $6.79 $9.53
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, 2017 (Shares in thousands) Outstanding, beginning of year 1,236 $ 37.69 Granted 335 48.97 Exercised (343 ) 32.30 Forfeited (10 ) 42.69 Outstanding, end of year 1,218 $ 42.26 Exercisable at end of year 585 $ 38.44 Expected to vest at end of year 1,187 $ 42.14
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, 2017 is presented below: Shares Weighted-Average Grant-Date Fair Value Year Ended June 30, 2017 (Shares in thousands) Nonvested, beginning of year 37 $ 46.01 Awarded 29 44.56 Vested (14 ) 50.39 Nonvested, end of year 52 $ 43.99
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, 2017 is presented below: Shares Weighted-Average Grant-Date Fair Value Year Ended June 30, 2017 (Share amounts in thousands) Nonvested, beginning of year 118 $ 43.56 Granted 47 52.91 Forfeitures (4 ) 44.27 Vested (45 ) 44.69 Nonvested, end of year 116 $ 46.91

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2017
Retirement Benefits, Description [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 2017 2016 2017 2016 Change in benefit obligation: Benefit obligation at beginning of the year $ 26,605 $ 29,994 $ 2,235 $ 2,144 Service cost 126 91 29 22 Interest cost 687 879 63 75 Plan participants’ contributions — — 69 60 Benefits paid (1,562 ) (5,555 ) (237 ) (229 ) Amendments — — (245 ) — Actuarial (gain) loss during year (1,445 ) 1,196 (230 ) 163 Benefit obligation at end of year $ 24,411 $ 26,605 $ 1,684 $ 2,235 Change in plan assets: Fair value of plan assets at beginning of year $ 6,737 $ 7,185 $ — $ — Actual gain (loss) on plan assets 578 (149 ) — — Employer contributions 776 5,256 168 169 Plan participants’ contributions — — 69 60 Benefits paid (1,561 ) (5,555 ) (237 ) (229 ) Fair value of plan assets at end of year $ 6,530 $ 6,737 $ — $ — Funded status at end of year $ (17,881 ) $ (19,868 ) $ (1,684 ) $ (2,235 )
Amounts Recognized in Consolidated Balance Sheet [Table Text Block]	The amounts recognized in the consolidated balance sheets and in accumulated other comprehensive loss for the post-employment plans were as follows: Pension Benefits Retiree Health Care Benefits June 30, 2017 2016 2017 2016 Amounts recognized in the consolidated balance sheets: Other current liabilities $ 2,814 $ 741 $ 220 $ 220 Post-employment benefits 15,067 19,127 1,464 2,015 Net amount recognized $ 17,881 $ 19,868 $ 1,684 $ 2,235 Amounts recognized in accumulated other comprehensive loss: Net actuarial (loss) gain $ (5,798 ) $ (8,234 ) $ 1,167 $ 1,119 Prior service cost (35 ) (121 ) 922 948 Total amounts recognized in accumulated other comprehensive loss $ (5,833 ) $ (8,355 ) $ 2,089 $ 2,067
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, 2017 2016 Projected benefit obligations $ 24,411 $ 26,605 Accumulated benefit obligations 24,411 26,605 Fair value of plan assets 6,530 6,737
Net periodic costs	The net periodic costs (benefits) are as follows: Pension Benefits Retiree Health Care Benefits Year Ended June 30, 2017 2016 2015 2017 2016 2015 Service cost $ 126 $ 91 $ 97 $ 29 $ 22 $ 53 Interest cost 687 879 896 63 75 95 Expected return on plan assets (460 ) (491 ) (495 ) — — — Recognized net actuarial loss (gain) 872 913 559 (181 ) (210 ) (87 ) Amortization of prior service cost 86 86 86 (271 ) (271 ) (272 ) Net periodic cost (benefits) $ 1,311 $ 1,478 $ 1,143 $ (360 ) $ (384 ) $ (211 )
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, 2017 2016 2017 2016 Assumptions used to determine benefit obligations at year end: Discount rate 2.8 % 2.3 % 3.3 % 3.3 % Assumptions used to determine net periodic benefit cost: Discount rate 2.3 % 3.0 % 2.9 % 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, 2017 and for the year then ended: One-Percentage Point Increase Decrease Effect on total service and interest cost components of periodic expense $ 15 $ (12 ) Effect on post-retirement benefit obligation 159 (135 )
Defined Benefit Plan Asset Information	Following are the fair values and target allocation as of June 30: Target Allocation Fair Value 2017 2016 Asset Class: Equity* securities (Level 1) 40 – 70% $ 3,880 $ 3,843 Debt securities (Level 2) 20 – 50% 2,538 2,759 Other (Level 1) 0 – 20% 112 135 Total 100% $ 6,530 $ 6,737
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 2018 $ 3,200 $ 190 2019 3,700 150 2020 3,800 130 2021 1,300 120 2022 1,300 110 2023 through 2027 4,400 480

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2017
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, 2017 are as follows: During Fiscal Years 2018 $ 29,000 2019 22,700 2020 15,300 2021 8,200 2022 5,300 Thereafter 14,600 Total minimum lease payments $ 95,100

Segment and Geographic Inform35

Segment and Geographic Information (Tables)	12 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment financial information	Segment Financial Information Service Center Based Distribution Fluid Power Businesses Total Year Ended June 30, 2017 Net sales $ 2,119,904 $ 473,842 $ 2,593,746 Operating income for reportable segments 111,357 51,006 162,363 Assets used in the business 1,153,411 234,184 1,387,595 Depreciation and amortization of property 14,010 1,296 15,306 Capital expenditures 14,497 2,548 17,045 Year Ended June 30, 2016 Net sales $ 2,087,041 $ 432,387 $ 2,519,428 Operating income for reportable segments 109,491 40,794 150,285 Assets used in the business 1,123,597 188,428 1,312,025 Depreciation and amortization of property 14,595 1,371 15,966 Capital expenditures 12,227 903 13,130 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 1,228,131 204,425 1,432,556 Depreciation and amortization of property 15,196 1,382 16,578 Capital expenditures 13,531 1,402 14,933
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, 2017 2016 2015 Operating income for reportable segments $ 162,363 $ 150,285 $ 188,956 Adjustments for: Intangible amortization — Service Center Based Distribution 18,669 19,595 19,561 Intangible amortization — Fluid Power Businesses 5,702 5,985 6,236 Goodwill Impairment — Service Center Based Distribution — 64,794 — Corporate and other income, net (36,598 ) (28,890 ) (21,460 ) Total operating income 174,590 88,801 184,619 Interest expense, net 8,541 8,763 7,869 Other (income) expense, net (917 ) 1,060 879 Income before income taxes $ 166,966 $ 78,978 $ 175,871
Net sales by product category	Net sales by product category are as follows: Year Ended June 30, 2017 2016 2015 Industrial $ 1,855,437 $ 1,836,484 $ 2,013,447 Fluid power 738,309 682,944 738,114 Net sales $ 2,593,746 $ 2,519,428 $ 2,751,561
Information by geographic area	Information by geographic area is as follows: Year Ended June 30, 2017 2016 2015 Net Sales: United States $ 2,182,552 $ 2,117,485 $ 2,238,263 Canada 251,999 257,797 358,580 Other Countries 159,195 144,146 154,718 Total $ 2,593,746 $ 2,519,428 $ 2,751,561 June 30, 2017 2016 2015 Long-Lived Assets: United States $ 207,126 $ 225,538 $ 217,597 Canada 57,947 66,304 76,565 Other Countries 6,558 7,163 9,113 Total $ 271,631 $ 299,005 $ 303,275

Other (Income) Expense, Net (Ta

Other (Income) Expense, Net (Tables)	12 Months Ended
	Jun. 30, 2017
Other Income and Expenses [Abstract]
Other (income) expense, net	Other (income) expense, net, consists of the following: Year Ended June 30, 2017 2016 2015 Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan $ (1,188 ) $ (87 ) $ (442 ) Foreign currency transaction losses 209 1,039 1,251 Other, net 62 108 70 Total other (income) expense, net $ (917 ) $ 1,060 $ 879

Business and Accounting Polic37

Business and Accounting Policies Textuals (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Defined Benefit Plan, Other Cost (Credit)	$ 796	$ 981	$ 782
Payments Related to Tax Withholding for Share-based Compensation	(3,484)	(1,022)	(2,469)
Debt Issuance Cost, Gross, Noncurrent	$ 294
Business and Accounting Policies (Textuals) [Abstract]
Company's domestic inventory relate to LIFO layers	22.50%
Number of LIFO pools maintained (in pools)	5
Shipping, Handling and Transportation Costs	$ 20,060	21,480	24,430
Vesting period of SARs and stock option awards	4 years
Contractual Terms of SARs and stock option awards	10 years
Buildings,BuildingsImprovementsandLeaseholdImprovementsMinimumUsefulLife [Member]
Business and Accounting Policies (Textuals) [Abstract]
Property, Plant and Equipment, Useful Life	10 years
Buildings,BuildingsImprovementsandLeaseholdImprovements MaximumUsefulLife [Member]
Business and Accounting Policies (Textuals) [Abstract]
Property, Plant and Equipment, Useful Life	30 years
PropertyandEquipmentMinimumUsefulLife [Member]
Business and Accounting Policies (Textuals) [Abstract]
Property, Plant and Equipment, Useful Life	3 years
PropertyandEquipmentMaximumUsefulLife [Member]
Business and Accounting Policies (Textuals) [Abstract]
Property, Plant and Equipment, Useful Life	10 years
Computer Software, Intangible Asset [Member]
Business and Accounting Policies (Textuals) [Abstract]
Finite-Lived Intangible Asset, Useful Life	12 years
Adjustments for New Accounting Principle, Early Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess Tax Benefit from Share-based Compensation, Operating Activities	$ 2,403
Payments Related to Tax Withholding for Share-based Compensation		(1,022)	$ (2,469)
Adjustments for New Accounting Pronouncement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt Issuance Costs, Current, Net		105
Debt Issuance Cost, Gross, Noncurrent		$ 399

Business Combinations Knox - Fa

Business Combinations Knox - Fair Value of Assets Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2017	Jun. 30, 2016	Jul. 01, 2014
Business Acquisition [Line Items]
Goodwill	$ 254,406	$ 206,135	$ 202,700
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 Textuals

Business Combinations Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2015	Mar. 03, 2017	Jun. 30, 2016	Jun. 14, 2016	Sep. 30, 2015	Jul. 01, 2014
Business Acquisition [Line Items]
Goodwill	$ 206,135	$ 254,406		$ 202,700
Prudential Facility - Series C [Member]
Business Acquisition [Line Items]
Long-term Debt	$ 120,000						$ 120,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.19%						3.19%
Sentinel Fluid Controls [Member]
Business Acquisition [Line Items]
Total Consideration	$ 3,755
Net tangible assets acquired			$ 3,130
Goodwill			625
Funding from Holdback Payments	175		$ 982
Seals Unlimited [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired					100.00%
FY2016 Acquisitions Atlantic Fasteners, SG Morris, HUB, & Seals [Member]
Business Acquisition [Line Items]
Total Consideration	65,900
Net tangible assets acquired	22,700
Goodwill plus Intangibles Acquired	43,200
FY2016 Acquisition Atlantic Fasteners & SG Morris [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	3,300
FY 2016 Acquisition Atlantic Fasteners [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	1,250
Knox Acquisition [Member]
Business Acquisition [Line Items]
Total Consideration		132,000
Business Combination, Consideration Transferred, Other		118,000
Goodwill							$ 63,200
Funding from Holdback Payments	7,200					$ 7,100	$ 14,000
Business Acquisition, Percentage of Voting Interests Acquired							100.00%
Debt Instrument, Interest Rate, Stated Percentage							1.50%
Rodensa, GSB & Ira Acquisition [Member]
Business Acquisition [Line Items]
Total Consideration		$ 54,900
Net tangible assets acquired				21,000
Funding from Holdback Payments				6,900
Goodwill plus Intangibles Acquired				$ 33,900
Other Liabilities [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	2,384
Other Liabilities [Member] | Sentinel Fluid Controls [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	807
Other Noncurrent Liabilities [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	75
Other Noncurrent Liabilities [Member] | FY2016 Acquisition SG Morris [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	2,050
Other Current Liabilities [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	672
Other Current Liabilities [Member] | Rodensa, GSB & Ira Acquisition [Member]
Business Acquisition [Line Items]
Funding from Holdback Payments	$ 340

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Inventory [Line Items]
Inventory Write-down	$ 6,000
Effect of LIFO Inventory Liquidation on Income	9,414	$ 2,100
Items Of Inventories
U.S. inventories at average cost	373,984	380,000
Foreign inventories at average cost	108,734	105,465
Inventory, Gross, Total	482,718	485,465
Less: Excess of average cost over LIFO cost for U.S. inventories	137,573	147,244
Inventories on consolidated balance sheets	$ 345,145	$ 338,221

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Changes in the carrying amount of goodwill by reportable segment
Goodwill, beginning balance	$ 202,700	$ 254,406
Goodwill acquired during the year	3,845	21,968
Goodwill Impairment	0	(64,794)	$ 0
Other, primarily currency translation	(410)	(8,880)
Goodwill, ending balance	206,135	202,700	254,406
Service Center Based Distribution Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Goodwill, beginning balance	198,486	253,477
Goodwill acquired during the year	3,220	18,683
Goodwill Impairment	0	(64,794)	0
Other, primarily currency translation	34	(8,880)
Goodwill, ending balance	201,740	198,486	253,477
Fluid Power Businesses Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Goodwill, beginning balance	4,214	929
Goodwill acquired during the year	625	3,285
Goodwill Impairment		0
Other, primarily currency translation	(444)	0
Goodwill, ending balance	$ 4,395	$ 4,214	$ 929

Goodwill and Intangibles 1 (Det

Goodwill and Intangibles 1 (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Amortization details resulting from business combinations
Amount	$ 296,822	$ 302,304
Accumulated Amortization	133,260	111,064
Net Book Value	163,562	191,240
Customer relationships [Member]
Amortization details resulting from business combinations
Amount	235,009	239,132
Accumulated Amortization	102,414	84,566
Net Book Value	132,595	154,566
Trade Names [Member]
Amortization details resulting from business combinations
Amount	43,873	44,430
Accumulated Amortization	19,295	16,099
Net Book Value	24,578	28,331
Vendor relationships [Member]
Amortization details resulting from business combinations
Amount	14,152	14,042
Accumulated Amortization	9,141	8,003
Net Book Value	5,011	6,039
Non-competition agreements [Member]
Amortization details resulting from business combinations
Amount	3,788	4,700
Accumulated Amortization	2,410	2,396
Net Book Value	$ 1,378	$ 2,304

Goodwill and Intangibles Textua

Goodwill and Intangibles Textuals (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2016USD ($)
Goodwill Textuals
Amortization of intangibles	$ 24,371	$ 25,580	$ 25,797
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	20.00%
Goodwill Impairment	$ 0	64,794	0
Goodwill	206,135	$ 202,700	254,406
Goodwill and Intangibles (Textuals) [Abstract]
Amortization Expense for For 2018	22,500
Amortization Expense for For 2019	20,700
Amortization Expense for For 2020	18,900
Amortization Expense for For 2021	17,400
Amortization Expense for For 2022	$ 15,100
Goodwill [Member]
Goodwill Textuals
Number of Reporting Units		5
Goodwill [Member]
Goodwill Textuals
Number of Reporting Units		2
Goodwill [Member]
Goodwill Textuals
Number of Reporting Units	6	7
Canada Service Centers reporting unit [Member]
Goodwill Textuals
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount				$ 8,000
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount				5.00%
Goodwill, Fair Value Disclosure				$ 163,000
Goodwill Impairment		$ 56,022
Australia/New Zealand reporting unit [Member]
Goodwill Textuals
Goodwill Impairment		8,772
U.S. Service Centers reporting unit [Member]
Goodwill Textuals
Goodwill, Transfers	$ 2,628
HUB acquisition measurement period adjustment impact [Member]
Goodwill Textuals
Amortization of intangibles	156
Service Center Based Distribution Segment [Member]
Goodwill Textuals
Goodwill, Purchase Accounting Adjustments	3,220
Amortization of intangibles	18,669	19,595	19,561
Goodwill Impairment	0	64,794	0
Goodwill	201,740	198,486	253,477
Accumulated goodwill impairment losses	64,794
Fluid Power Businesses Segment [Member]
Goodwill Textuals
Goodwill Impairment		0
Goodwill	4,395	$ 4,214	$ 929
Accumulated goodwill impairment losses	36,605
Customer Relationships [Member]
Goodwill Textuals
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	2,636
Trade Names [Member]
Goodwill Textuals
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	$ 584
Reliance U.S. businesses [Member]
Goodwill Textuals
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	149.00%
Other Intangible Assets, Net	$ 15,657
Reliance Canada businesses [Member]
Goodwill Textuals
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	13.00%
Other Intangible Assets, Net	$ 80,228

Debt Long Term Debt Maturities

Debt Long Term Debt Maturities (Details) $ in Thousands	Jun. 30, 2017USD ($)
Debt Instrument [Line Items]
2,018	$ 4,919
2,019	6,484
2,020	33,051
2,021	141,802
2,022	40,245
Thereafter	$ 65,481

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jul. 01, 2014
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding		$ 33,000
Letters of Credit Outstanding, Amount	$ 2,698
Debt Issuance Costs, Gross, Current	105
Debt Issuance Cost, Gross, Noncurrent	294
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility unsecured borrowings amount	250,000
Letters of Credit Outstanding, Amount	2,441	2,707
Line of Credit Facility, Remaining Borrowing Capacity	$ 247,559	$ 214,293
Debt, Weighted Average Interest Rate		1.44%
Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fees on credit facility	0.09%
Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fees on credit facility	0.175%
Long-term Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 125,000
Long-term Debt	$ 120,313	$ 123,438
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	2.25%	1.50%
State of Ohio Assumed Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 2,359
Long-term Debt	$ 1,669	$ 1,896
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.50%
Prudential Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 170,000
Debt Instrument, Unused Borrowing Capacity, Amount	50,000
Prudential Facility - Series C [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 120,000		$ 120,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.19%		3.19%
Prudential Facility - Series D [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 50,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.21%
Adjustments for New Accounting Pronouncement [Member]
Debt Instrument [Line Items]
Debt Issuance Cost, Gross, Noncurrent		$ 399

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Marketable securities	$ 10,481	$ 9,097

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Components of income before income taxes
U.S.	$ 154,472	$ 139,960	$ 152,618
Foreign	12,494	(60,982)	23,253
Income Before Income Taxes	$ 166,966	$ 78,978	$ 175,871

Income Taxes Income Taxes 1 (De

Income Taxes Income Taxes 1 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Current:
Federal	$ 26,456	$ 45,226	$ 52,861
State and local	4,692	6,349	6,884
Foreign	4,760	4,407	5,603
Total current	35,908	55,982	65,348
Deferred:
Federal	852	397	(3,799)
State and local	535	(30)	(153)
Foreign	(4,239)	(6,948)	(1,009)
Total deferred	(2,852)	(6,581)	(4,961)
Total	$ 33,056	$ 49,401	$ 60,387

Income Taxes 2 (Details)

Income Taxes 2 (Details)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
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	2.80%	5.20%	2.50%
Worthless stock deduction	(13.90%)	(0.00%)	(0.00%)
Stock compensation	(1.40%)	(0.00%)	(0.00%)
Goodwill impairment	0.00%	27.10%	0.00%
Foreign income taxes	(2.30%)	(3.00%)	(2.50%)
Deductible dividend	(0.40%)	(0.90%)	(0.50%)
Valuation allowance	0.30%	0.50%	0.50%
Other, net	(0.30%)	(1.30%)	(0.70%)
Effective income tax rate	19.80%	62.60%	34.30%

Income Taxes 3 (Details)

Income Taxes 3 (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Deferred tax assets:
Compensation liabilities not currently deductible	$ 26,873	$ 25,992
Other expenses and reserves not currently deductible	11,601	11,650
Goodwill and intangibles	5,661	6,366
Foreign tax credit (expiring in years 2025-2026)	709	849
Net operating loss carryforwards (expiring in years 2018-2037)	5,729	4,960
Other	119	83
Total deferred tax assets	50,692	49,900
Less: Valuation allowance	(1,831)	(1,347)
Deferred tax assets, net of valuation allowance	48,861	48,553
Deferred tax liabilities:
Inventories	(7,447)	(4,785)
Goodwill and intangibles	30,482	33,353
Depreciation and differences in property bases	(10,122)	(9,892)
Total deferred tax liabilities	48,051	48,030
Net deferred tax assets	810	523
Net deferred tax assets are classified as follows:
Deferred tax assets	8,985	12,277
Other liabilities	(8,175)	(11,754)
Net deferred tax assets	$ 810	$ 523

Income Taxes 4 (Details)

Income Taxes 4 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Reconciliation of the Company's total gross unrecognized income tax benefits
Unrecognized Income Tax Benefits at beginning of the year	$ 2,915	$ 2,604	$ 2,364
Current year tax positions	574	539	472
Prior year tax positions	259	0	0
Expirations of statutes of limitations	(189)	(132)	(160)
Settlements	(26)	(96)	(72)
Unrecognized Income Tax Benefits at end of year	$ 3,533	$ 2,915	$ 2,604

Income Taxes Textuals (Details)

Income Taxes Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Deduction, Amount	$ 22,246
Valuation Allowances and Reserves, Deductions	1,019
Employee Service Share-based Compensation, Tax Benefit from Exercse of Stock Options	1,921	$ 212	$ 352
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	482
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation		(4)
Incremental income tax benefits from vesting of stock awards and other stock compensation recorded in additional paid-in capital			690
Undistributed Earnings Of Foreign Subsidiaries On Which No Provision Has Been Made For Income Taxes	92,106
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries			17,793
Unrecognized income tax benefits that would affect the effective income tax rate	3,323	2,691	2,377
Income Tax Examination, Penalties and Interest Expense	163	127	$ 49
Income Tax Examination, Penalties and Interest Accrued	$ 787	$ 625

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Beginning Balance	$ (85,546)
Other comprehensive income (loss), Unrealized Gain (Loss) on securities available for sale, Net of Tax	59	$ (34)	$ (25)
Amounts reclassified from accumulated other comprehensive income (loss)	308	315	174
Net current-period other comprehensive income (loss), net of taxes	2,238	(24,441)	(58,233)
Net current-period other comprehensive income	3,844	(25,375)	(58,556)
Ending Balance	(81,702)	(85,546)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Beginning Balance	(81,685)	(57,244)	989
Other comprehensive income (loss), foreign currency translation adjustment, net of tax	2,238	(24,441)	(58,233)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0
Net current-period other comprehensive income (loss), net of taxes	2,238	(24,441)	(58,233)
Ending Balance	(79,447)	(81,685)	(57,244)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Beginning Balance	(38)	(4)	21
Other comprehensive income (loss), Unrealized Gain (Loss) on securities available for sale, Net of Tax	59	(34)	(25)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0
Net current-period other comprehensive income (loss), net of taxes	59	(34)	(25)
Ending Balance	21	(38)	(4)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Beginning Balance	(3,823)	(2,923)	(2,625)
Other Comprehensive Income (Loss), Defined Benefit Plan, before Reclassification Adjustment, after Tax	1,239	(1,215)	(472)
Net current-period other comprehensive income (loss), net of taxes	1,547	(900)	(298)
Ending Balance	(2,276)	(3,823)	(2,923)
AOCI Attributable to Parent [Member]
Beginning Balance	(85,546)	(60,171)	(1,615)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	3,536	(25,690)	(58,730)
Net current-period other comprehensive income	3,844	(25,375)	(58,556)
Ending Balance	$ (81,702)	$ (85,546)	$ (60,171)

Shareholders' Equity OCI (Detai

Shareholders' Equity OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Other comprehensive income (loss) [Abstract]
Foreign currency translation adjustment pre-tax amount	$ 2,238	$ (24,441)	$ (58,233)
Foreign currency translation adjustment tax expense (benefit)	0	0	0
Foreign Currency Translation Adjustment, Net Amount	2,238	(24,441)	(58,233)
Actuarial gain (loss) on remeasurement, pre-tax amount	2,038	(1,998)	(776)
Actuarial gain (loss) on remeasurement, tax expense (benefit)	799	(783)	(304)
Actuarial gain ( loss) on remeasurement, net amount	1,239	(1,215)	(472)
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net period pension costs, pre-tax amount	506	518	286
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net period pension costs, tax expense	(198)	(203)	(112)
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net period pension costs, net amount	308	315	174
Unrealized gain (loss) on investment securities available for sale, pre-tax amount	91	(52)	(38)
Unrealized gain (loss) on investment securities available for sale, tax expense (benefit)	32	(18)	(13)
Unrealized gain (loss) on investment securities available for sale, net amount	59	(34)	(25)
Other Comprehensive Income (Loss), pre-tax amount	4,873	(25,973)	(58,761)
Other Comprehensive Income (Loss), tax expense (benefit)	1,029	(598)	(205)
Other comprehensive income (loss)	$ 3,844	$ (25,375)	$ (58,556)

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, 2017	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income	$ 133,910	$ 29,577	$ 115,484
Average Shares Outstanding:
Weighted-average common shares outstanding for basic computation	39,013	39,254	40,892
Dilutive effect of potential common shares	391	212	295
Weighted-average common shares outstanding for dilutive computation	39,404	39,466	41,187
Net Income Per Share — Basic	$ 3.43	$ 0.75	$ 2.82
Net Income Per Share — Diluted	$ 3.40	$ 0.75	$ 2.80

Shareholders' Equity Textuals (

Shareholders' Equity Textuals (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
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)	141	775	435

Share - Based Compensation (Det

Share - Based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Compensation costs charged to expense under award programs
Total compensation costs under award programs	$ 5,520	$ 4,067	$ 4,461
Stock Options and Stock Appreciation Rights [ Member]
Compensation costs charged to expense under award programs
Total compensation costs under award programs	1,891	1,543	1,610
Performance Shares [Member]
Compensation costs charged to expense under award programs
Total compensation costs under award programs	1,331	446	836
Restricted stock and Restricted Stock units [Member]
Compensation costs charged to expense under award programs
Total compensation costs under award programs	$ 2,298	$ 2,078	$ 2,015

Share - Based Compensation Shar

Share - Based Compensation Share Based Compensation 1 (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2017USD ($)
Schedule Of Unrecognized Compensation Cost Nonvested Awards Table Text Block [Line Items]
Total unrecognized compensation costs under award programs	$ 8,952
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	$ 2,893
Expected Period for Recognition	2 years 7 months
Performance Shares [Member]
Schedule Of Unrecognized Compensation Cost Nonvested Awards Table Text Block [Line Items]
Total unrecognized compensation costs under award programs	$ 3,910
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	$ 2,149
Expected Period for Recognition	1 year 11 months

Share - Based Compensation 2 (D

Share - Based Compensation 2 (Details) - Stock Options and Stock Appreciation Rights [ Member] - $ / shares	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Weighted-average assumptions used for SARs and stock option grants issued
Expected life, in years	4 years 10 months	4 years 5 months	4 years 8 months
Risk free interest rate	1.20%	1.30%	1.40%
Dividend yield	2.50%	2.50%	2.50%
Volatility	24.10%	26.00%	29.00%
Per share fair value of SAR's and stock options granted during the year	$ 7.97	$ 6.79	$ 9.53

Share - Based Compensation 3 (D

Share - Based Compensation 3 (Details) - Stock Options and Stock Appreciation Rights [ Member] shares in Thousands	12 Months Ended
	Jun. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year, Shares | shares	1,236
Granted, Shares | shares	335
Exercised, Shares | shares	(343)
Forfeited, Shares | shares	(10)
Outstanding, end of year, Shares | shares	1,218
Exercisable at end of year, Shares | shares	585
Expected to Vest at end of year, Shares | shares	1,187
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 | $ / shares	$ 37.69
Granted, Weighted-Average Exercise Price | $ / shares	48.97
Exercised, Weighted-Average Exercise Price | $ / shares	32.30
Forfeited, Weighted-Average Exercise Price | $ / shares	42.69
Outstanding, end of year, Weighted-Average Exercise Price | $ / shares	42.26
Exercisable at end of year, Weighted-Average Exercise Price | $ / shares	38.44
Expected to Vest at end of year, Weighted-Average Exercise Price | $ / shares	$ 42.14

Share - Based Compensation 4 (D

Share - Based Compensation 4 (Details) - Performance shares [Member] shares in Thousands	12 Months Ended
	Jun. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning Balance, Shares | shares	37
Granted, shares | shares	29
Vested, Shares | shares	(14)
Ending Balance, Shares | shares	52
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 | $ / shares	$ 46.01
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	44.56
Vested, Weighted-Average Grant- Date Fair Value | $ / shares	50.39
Ending Balance, Weighted-Average Grant-Date Fair Value | $ / shares	$ 43.99

Share - Based Compensation - 5

Share - Based Compensation - 5 (Details) - Restricted stock and Restricted Stock units [Member] shares in Thousands	12 Months Ended
	Jun. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Shares | shares	118
Beginning Balance, Weighted-Average Grant-Date Fair Value | $ / shares	$ 43.56
Granted, shares | shares	47
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	$ 52.91
Forfeitures | shares	(4)
Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	$ 44.27
Vested, Shares | shares	(45)
Vested, Weighted-Average Grant- Date Fair Value | $ / shares	$ 44.69
Ending Balance, Shares | shares	116
Ending Balance, Weighted-Average Grant-Date Fair Value | $ / shares	$ 46.91

Share - Based Compensation Text

Share - Based Compensation Textuals (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 482
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 2015 Plan	2,500
Shares available for future grants	2,021
Compensation expense	$ 5,520	$ 4,067	$ 4,461
Share-based compensation arrangement by share-based payment award, award vesting period	4 years
Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 4,848	1,595	1,749
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 7 months
Weighted-average remaining contractual terms for SARs/stock options outstanding	7 years
Weighted-average remaining contractual terms for SARs/stock options exercisable	5 years 4 months
Weighted-average remaining contractual terms for SARs/stock options expected to vest	6 years 11 months
Aggregate intrinsic values of SARs and stock options outstanding	$ 20,456
Aggregate intrinsic values of SARs/stock options exercisable	12,051
Aggregate intrinsic values of SARs/stock options expected to vest	20,075
Aggregate intrinsic values of SARs/stock options exercised during period	8,396	2,422	1,601
Total fair value of shares vested	1,788	1,291	2,187
Compensation expense	$ 1,891	1,543	1,610
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	91
Compensation expense	$ 1,331	446	836
Share-based compensation arrangement by share-based payment award, award requisite service period	3 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	1 year 11 months
Compensation expense	$ 2,298	$ 2,078	$ 2,015
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
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

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Change in plan assets:
Fair value of plan assets at beginning of year	$ 6,737
Fair value of plan assets at end of year	6,530	$ 6,737
Pension Benefits [Member]
Change in benefit obligation:
Benefit obligation at beginning of the year	26,605	29,994
Service cost	126	91	$ 97
Interest cost	687	879	896
Plan participants’ contributions	0	0
Benefits paid	1,562	5,555
Amendments	0	0
Actuarial (gain) loss during year	(1,445)	1,196
Benefit obligation at end of year	24,411	26,605	29,994
Change in plan assets:
Fair value of plan assets at beginning of year	6,737	7,185
Actual gain (loss) on plan assets	578	(149)
Employer contributions	776	5,256
Plan participants’ contributions	0	0
Benefits paid	1,561	5,555
Fair value of plan assets at end of year	6,530	6,737	7,185
Funded status at end of year	(17,881)	(19,868)
Postretirement Health Coverage [Member]
Change in benefit obligation:
Benefit obligation at beginning of the year	2,235	2,144
Service cost	29	22	53
Interest cost	63	75	95
Plan participants’ contributions	69	60
Benefits paid	237	229
Amendments	(245)	0
Actuarial (gain) loss during year	(230)	163
Benefit obligation at end of year	1,684	2,235	2,144
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	168	169
Plan participants’ contributions	69	60
Benefits paid	237	229
Fair value of plan assets at end of year	0	0	$ 0
Funded status at end of year	$ (1,684)	$ (2,235)

Benefit Plans Benefit Plans 1 (

Benefit Plans Benefit Plans 1 (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Amounts recognized in the consolidated balance sheets:
Post-employment benefits	$ 16,715	$ 21,322
Pension Plan [Member]
Amounts recognized in the consolidated balance sheets:
Other current liabilities	2,814	741
Post-employment benefits	15,067	19,127
Net amount recognized	17,881	19,868
Amounts recognized in accumulated other comprehensive loss:
Net actuarial (loss) gain	(5,798)	(8,234)
Prior service cost	(35)	(121)
Total amounts recognized in accumulated other comprehensive loss	(5,833)	(8,355)
Postretirement Health Coverage [Member]
Amounts recognized in the consolidated balance sheets:
Other current liabilities	220	220
Post-employment benefits	1,464	2,015
Net amount recognized	1,684	2,235
Amounts recognized in accumulated other comprehensive loss:
Net actuarial (loss) gain	1,167	1,119
Prior service cost	922	948
Total amounts recognized in accumulated other comprehensive loss	$ 2,089	$ 2,067

Benefit Plans 2 (Details)

Benefit Plans 2 (Details) - Pension Benefits [Member] - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Information for pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets
Projected benefit obligations	$ 24,411	$ 26,605
Accumulated benefit obligations	24,411	26,605
Fair value of plan assets	$ 6,530	$ 6,737

Benefit Plans 3 (Details)

Benefit Plans 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Pension Benefits [Member]
Net periodic costs
Service cost	$ 126	$ 91	$ 97
Interest cost	687	879	896
Expected return on plan assets	(460)	(491)	(495)
Recognized net actuarial loss (gain)	872	913	559
Amortization of prior service cost	86	86	86
Net periodic cost (benefits)	1,311	1,478	1,143
Postretirement Health Coverage [Member]
Net periodic costs
Service cost	29	22	53
Interest cost	63	75	95
Expected return on plan assets	0	0	0
Recognized net actuarial loss (gain)	(181)	(210)	(87)
Amortization of prior service cost	(271)	(271)	(272)
Net periodic cost (benefits)	$ (360)	$ (384)	$ (211)

Benefit Plans 4 (Details)

Benefit Plans 4 (Details)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Pension Benefits [Member]
Assumptions used to determine benefit obligations at year end:
Discount rate	2.80%	2.30%
Assumptions used to determine net periodic benefit cost:
Discount rate	2.30%	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	3.30%	3.30%
Assumptions used to determine net periodic benefit cost:
Discount rate	2.90%	4.00%

Benefit Plans 5 (Details)

Benefit Plans 5 (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2017USD ($)
One-Percentage Point Change in Assumed Health Care Cost Trend Rates
Effect on total service and interest cost components of periodic expense (Increase)	$ 15
Effect on total service and interest cost components of periodic expense (Decrease)	(12)
Effect on postretirement benefit obligation (Increase)	159
Effect on postretirement benefit obligation (Decrease)	$ (135)

Benefit Plans 6 (Details)

Benefit Plans 6 (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Plan Asset Information
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100.00%
Fair value of plan assets	$ 6,530	$ 6,737
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Asset Information
Fair value of plan assets	3,880	3,843
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Asset Information
Fair value of plan assets	2,538	2,759
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Asset Information
Fair value of plan assets	$ 112	$ 135
Minimum [Member] | Equity Securities [Member]
Defined Benefit Plan Asset Information
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	40.00%
Minimum [Member] | Debt Securities [Member]
Defined Benefit Plan Asset Information
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	20.00%
Minimum [Member] | Cash and Cash Equivalents [Member]
Defined Benefit Plan Asset Information
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%
Maximum [Member] | Equity Securities [Member]
Defined Benefit Plan Asset Information
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	70.00%
Maximum [Member] | Debt Securities [Member]
Defined Benefit Plan Asset Information
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	50.00%
Maximum [Member] | Cash and Cash Equivalents [Member]
Defined Benefit Plan Asset Information
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	20.00%

Benefit Plans 7 (Details)

Benefit Plans 7 (Details) $ in Thousands	Jun. 30, 2017USD ($)
Pension Benefits [Member]
Estimated future benefit payments
2,018	$ 3,200
2,019	3,700
2,020	3,800
2,021	1,300
2,022	1,300
2023 through 2027	4,400
Postretirement Health Coverage [Member]
Estimated future benefit payments
2,018	190
2,019	150
2,020	130
2,021	120
2,022	110
2023 through 2027	$ 480

Benefit Plans Textuals (Details

Benefit Plans Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
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	7.00%
Assumed health care cost trend rates used in measuring the accumulated benefit obligation for retiree health care 2027 rate	5.00%
Pension Benefits [Member]
Benefit Plans (Textuals) [Abstract]
Estimated net actuarial gain (loss)	$ (424)
Estimated prior service cost	(27)
Expected contribution to benefit plans in 2017	2,820
Postretirement Health Coverage [Member]
Benefit Plans (Textuals) [Abstract]
Estimated net actuarial gain (loss)	(155)
Estimated prior service cost	(369)
Expected contribution to benefit plans in 2017	190
401(k) [Member]
Benefit Plans (Textuals) [Abstract]
Defined contribution plan cost	6,677	$ 2,535	$ 3,156
KERP [Member]
Benefit Plans (Textuals) [Abstract]
Defined contribution plan cost	$ 289	$ 268	$ 300

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Minimum Annual Rental Commitments Under Non Cancelable Operating Leases
2,018	$ 29,000
2,019	22,700
2,020	15,300
2,021	8,200
2,022	5,300
Thereafter	14,600
Total minimum lease payments	95,100
Leases (Textuals) [Abstract]
Rental expenses of operating leases	35,900	$ 37,300	$ 39,300
Related Party Transaction, Expenses from Transactions with Related Party	$ 2,400	$ 3,800	$ 3,100

Segment and Geographic Inform74

Segment and Geographic Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Segment financial information
Net Sales	$ 2,593,746	$ 2,519,428	$ 2,751,561
Operating income for reportable segments	174,590	88,801	184,619
Assets used in the business	1,387,595	1,312,025
Depreciation and amortization of property	15,306	15,966	16,578
Capital expenditures	17,045	13,130	14,933
Service Center Based Distribution Segment [Member]
Segment financial information
Net Sales	2,119,904	2,087,041	2,254,768
Operating income for reportable segments	111,357	109,491	140,421
Assets used in the business	1,153,411	1,123,597	1,228,131
Depreciation and amortization of property	14,010	14,595	15,196
Capital expenditures	14,497	12,227	13,531
Fluid Power Businesses [Member]
Segment financial information
Net Sales	473,842	432,387	496,793
Operating income for reportable segments	51,006	40,794	48,535
Assets used in the business	234,184	188,428	204,425
Depreciation and amortization of property	1,296	1,371	1,382
Capital expenditures	2,548	903	1,402
Reportable Segment [Member]
Segment financial information
Net Sales	2,593,746	2,519,428	2,751,561
Operating income for reportable segments	162,363	150,285	188,956
Assets used in the business	1,387,595	1,312,025	1,432,556
Depreciation and amortization of property	15,306	15,966	16,578
Capital expenditures	$ 17,045	$ 13,130	$ 14,933

Segment and Geographic Inform75

Segment and Geographic Information 1 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	$ 174,590	$ 88,801	$ 184,619
Adjustments for:
Intangible amortization	24,371	25,580	25,797
Goodwill Impairment	0	64,794	0
Total operating income	174,590	88,801	184,619
Interest expense, net	8,541	8,763	7,869
Other (income) expense, net	(917)	1,060	879
Income Before Income Taxes	166,966	78,978	175,871
Reportable Segment [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	162,363	150,285	188,956
Adjustments for:
Total operating income	162,363	150,285	188,956
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	111,357	109,491	140,421
Adjustments for:
Intangible amortization	18,669	19,595	19,561
Goodwill Impairment	0	64,794	0
Total operating income	111,357	109,491	140,421
Fluid Power Businesses [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	51,006	40,794	48,535
Adjustments for:
Intangible amortization	5,702	5,985	6,236
Total operating income	51,006	40,794	48,535
Corporate and Other [Member]
Adjustments for:
Corporate and other income, net	$ (36,598)	$ (28,890)	$ (21,460)

Segment and Geographic Inform76

Segment and Geographic Information 2 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Net sales by product category
Net Sales	$ 2,593,746	$ 2,519,428	$ 2,751,561
Industrial [Member]
Net sales by product category
Net Sales	1,855,437	1,836,484	2,013,447
Fluid Power [Member]
Net sales by product category
Net Sales	$ 738,309	$ 682,944	$ 738,114

Segment and Geographic Inform77

Segment and Geographic Information 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Revenues From External Customers and Long Lived Assets [Line Items]
Net Sales	$ 2,593,746	$ 2,519,428	$ 2,751,561
Long-Lived Assets	271,631	299,005	303,275
United States [Member]
Revenues From External Customers and Long Lived Assets [Line Items]
Net Sales	2,182,552	2,117,485	2,238,263
Long-Lived Assets	207,126	225,538	217,597
Canada [Member]
Revenues From External Customers and Long Lived Assets [Line Items]
Net Sales	251,999	257,797	358,580
Long-Lived Assets	57,947	66,304	76,565
Other Countries [Member]
Revenues From External Customers and Long Lived Assets [Line Items]
Net Sales	159,195	144,146	154,718
Long-Lived Assets	$ 6,558	$ 7,163	$ 9,113

Segment and Geographic Inform78

Segment and Geographic Information Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenue, Net	$ 2,593,746	$ 2,519,428	$ 2,751,561
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue, Net	$ 23,704	$ 21,485	$ 24,087

Other (Income) Expense, Net (De

Other (Income) Expense, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Other (income) expense, net
Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan	$ (1,188)	$ (87)	$ (442)
Foreign currency transaction losses	209	1,039	1,251
Other, net	(62)	(108)	(70)
Total other (income) expense, net	$ (917)	$ 1,060	$ 879

Subsequent Event Subsequent E80

Subsequent Event Subsequent Events (Details) - DICOFASA [Member] - Subsequent Event [Member] $ in Thousands	Jul. 03, 2017USD ($)
Subsequent Event [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Combination, Consideration Transferred	$ 5,898

Schedule II - Valuation and Q81

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Deductions from reserves		$ 1,019
Allowance for Doubtful Accounts [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period		11,034	$ 10,621	$ 10,385
Additions charged to costs and expenses		2,071	4,303	2,597
Additions (Deductions) Charged to Other Accounts	[1]	(133)	(46)	231
Deductions from reserves	[2]	3,344	3,844	2,592
Balance at end of period		$ 9,628	$ 11,034	$ 10,621
[1]	Amounts represent reserves for the return of merchandise by customers.
[2]	Amounts represent uncollectible accounts charged off.