Applied Industrial (AIT) 10-Q 25 Jan 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2018	Jan. 11, 2019
Document and Entity Information [Abstract]
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-Q
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		38,759,724

Condensed Statements of Consoli

Condensed Statements of Consolidated Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Net sales	$ 840,038	$ 667,187	$ 1,704,553	$ 1,347,888
Cost of sales	597,178	478,827	1,209,840	967,104
Gross profit	242,860	188,360	494,713	380,784
Selling, distribution and administrative expense, including depreciation	181,895	141,645	367,409	282,232
Operating income	60,965	46,715	127,304	98,552
Interest expense, net	9,578	2,139	20,054	4,305
Other expense (income), net	946	(20)	707	(731)
Income before income taxes	50,441	44,596	106,543	94,978
Income tax expense	11,724	13,646	18,888	30,307
Net income	$ 38,717	$ 30,950	$ 87,655	$ 64,671
Net income per share - basic	$ 1	$ 0.80	$ 2.26	$ 1.67
Net income per share - diluted	0.99	0.79	2.23	1.65
Cash dividends per common share	$ 0.30	$ 0.29	$ 0.60	$ 0.58
Weighted average common shares outstanding for basic computation	38,743	38,716	38,729	38,824
Dilutive effect of potential common shares	504	490	587	446
Weighted average common shares outstanding for diluted computation	39,247	39,206	39,316	39,270

Condensed Statements of Conso_2

Condensed Statements of Consolidated Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Net income per the condensed statements of consolidated income	$ 38,717	$ 30,950	$ 87,655	$ 64,671
Other comprehensive (loss) income, before tax:
Foreign currency translation adjustments	(10,270)	(6,031)	(4,556)	2,128
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs	(78)	(22)	(153)	(36)
Unrealized loss on investment securities available for sale	0	46	0	42
Cumulative effect of adopting accounting standard	0	0	(50)	0
Total of other comprehensive (loss) income, before tax	(10,348)	(6,007)	(4,759)	2,134
Income tax (benefit) expense related to items of other comprehensive (loss) income	(592)	57	(350)	46
Other comprehensive (loss) income, net of tax	(9,756)	(6,064)	(4,409)	2,088
Comprehensive income, net of tax	$ 28,961	$ 24,886	$ 83,246	$ 66,759

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Current assets
Cash and cash equivalents	$ 79,827	$ 54,150
Accounts receivable, less allowances of $13,982 and $13,566	512,034	548,811
Inventories	445,881	422,069
Other current assets	44,041	32,990
Total current assets	1,081,783	1,058,020
Property, less accumulated depreciation of $182,812 and $175,300	122,005	121,343
Identifiable intangibles, net	413,093	435,947
Goodwill	651,206	646,643
Other assets	21,901	23,788
TOTAL ASSETS	2,289,988	2,285,741
Current liabilities
Accounts payable	232,558	256,886
Current portion of long term debt	44,184	19,183
Compensation and related benefits	56,882	73,370
Other current liabilities	60,164	83,112
Total current liabilities	393,788	432,551
Long-term debt	923,410	944,522
Postemployment benefits	9,200	11,985
Other liabilities	73,675	81,720
TOTAL LIABILITIES	1,400,073	1,470,778
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; 38,758 and 38,703 outstanding, respectively	10,000	10,000
Additional paid-in capital	170,385	169,383
Retained Earnings	1,208,748	1,129,678
Treasury shares—at cost (15,455 and 15,510 shares, respectively)	(404,586)	(403,875)
Accumulated other comprehensive loss	(94,632)	(90,223)
TOTAL SHAREHOLDERS’ EQUITY	889,915	814,963
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,289,988	$ 2,285,741

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Current Assets:
Accounts Receivable, less allowances	$ 13,982	$ 13,566
Noncurrent Assets:
Property, less accumulated depreciation	$ 182,812	$ 175,300
Shareholders’ Equity
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	2,500,000	2,500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	54,213,000	54,213,000
Common stock, shares outstanding	38,758,000	38,703,000
Treasury shares	15,455,000	15,510,000

Condensed Statements of Conso_3

Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash Flows from Operating Activities
Net income	$ 87,655	$ 64,671
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property	10,019	8,008
Amortization of intangibles	21,912	11,526
Unrealized foreign exchange transactions gain	(155)	(610)
Amortization of stock options and appreciation rights	1,257	1,013
Gain on sale of property	(105)	(333)
Other share-based compensation expense	2,351	1,577
Changes in operating assets and liabilities, net of acquisitions	(55,922)	(65,007)
Other, net	(1,432)	339
Net Cash provided by Operating Activities	65,580	21,184
Cash Flows from Investing Activities
Acquisition of businesses, net of cash acquired	(6,900)	(5,014)
Property purchases	(7,096)	(11,460)
Proceeds from property sales	244	596
Other	391	0
Net Cash used in Investing Activities	(13,361)	(15,878)
Cash Flows from Financing Activities
Net (repayments) borrowings under revolving credit facility	(19,500)	23,000
Long-term debt borrowings	175,000	0
Long-term debt repayments	151,868	1,679
Payment of debt issuance costs	(685)	0
Purchases of treasury shares	0	(22,778)
Dividends paid	(23,275)	(22,571)
Acquisition holdback payments	2,275	319
Taxes paid for shares withheld for equity awards	(3,318)	(1,298)
Net Cash used in Financing Activities	(25,921)	(25,645)
Effect of Exchange Rate Changes on Cash	621	(606)
Increase (Decrease) in Cash and Cash Equivalents	25,677	(19,733)
Cash and Cash Equivalents at Beginning of Period	54,150	105,057
Cash and Cash Equivalents at End of Period	$ 79,827	$ 85,324

Basis of Presentation

Basis of Presentation	6 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the financial position of Applied Industrial Technologies, Inc. (the “Company”, or “Applied”) as of December 31, 2018 , and the results of its operations and its cash flows for the six month periods ended December 31, 2018 and 2017 , have been included. The condensed consolidated balance sheet as of June 30, 2018 has been derived from the audited consolidated financial statements at that date. This Quarterly Report on Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2018 . Operating results for the six month period ended December 31, 2018 are not necessarily indicative of the results that may be expected for the remainder of the fiscal year ending June 30, 2019 . Recently Adopted Accounting Guidance Revenue from Contracts with Customers In May 2014, the FASB issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers (Topic 606)" ("ASC 606"). The standard outlines a single comprehensive model for entities to use in the accounting for revenue arising from contracts with customers. The core principle of this model is that "an entity recognizes revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services." Subsequent to the issuance of ASU 2014-09, the FASB issued ASU 2015-14, ASU 2016-08, ASU 2016-10, and ASU 2016-12, which clarify the guidance in ASU 2014-09 but do not change the core principle of the revenue recognition model, and have been collectively codified into ASC 606. The provisions of ASC 606 are effective for interim and annual periods beginning after December 15, 2017. On July 1, 2018, the Company adopted ASC 606 using the modified retrospective method. As a result, the Company applied ASC 606 only to contracts that were not completed as of July 1, 2018. The adoption of ASC 606 resulted in a net increase to opening retained earnings of approximately $3,429 , net of tax, on July 1, 2018. See Note 2, Revenue Recognition, for further information on the impacts of these standard updates. Income tax consequences of intra-entity transfer of assets other than inventory 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. The Company adopted ASU 2016-16 during the first quarter of fiscal 2019 using the modified retrospective method, and recorded a cumulative-effect adjustment decreasing retained earnings by $424 , recording a deferred tax asset of $587 and reversing a prepaid asset of $1,011 as of the beginning of the period. The deferred tax asset is included in other assets on the condensed consolidated balance sheet as of December 31, 2018. Inventory The Company uses the LIFO method of valuing U.S. inventories. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs and are subject to the final year-end LIFO inventory determination. Recently Issued Accounting Guidance 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. In July 2018, the FASB issued ASU 2018-10 which clarifies the guidance in ASU 2016-02, and ASU 2018-11 which provides entities with an additional transition method option for adopting the new standard. The company plans to use this new transition method option upon adoption and recognize a cumulative-effect adjustment to the opening balance of retained earnings. In December 2018, the FASB issued ASU 2018-20 which further clarifies the guidance. The Company has established a cross-functional team to evaluate the new standard and has begun implementing new lease administration software. The Company is still determining the financial impact that this standard update will have on its consolidated financial statements, but anticipates it will have a material impact on its assets and liabilities due to the addition of right-of-use assets and lease liabilities to the consolidated balance sheet. The Company will continue to evaluate the impacts of the adoption of the standard and these assessments are subject to change. 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 annual and interim financial statement periods beginning after December 15, 2019, with early adoption permitted for financial statement periods beginning after December 15, 2018. In November 2018, the FASB issued ASU 2018-19 which clarifies the guidance in ASU 2016-13. 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 August 2018, the FASB issued its final standard on the accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. This standard, issued as ASU 2018-15, aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This update is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition	6 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE RECOGNITION The Company adopted ASC 606 - Revenue from Contracts with Customers using the modified retrospective method effective July 1, 2018. The Company completed an analysis of revenue streams at each of its business units and evaluated the impact of adopting ASC 606 on revenue recognition. The Company primarily sells purchased products and the majority of its revenue is recognized at a point in time. The cumulative effect of initially applying ASC 606 resulted in a net increase to the opening retained earnings balance of $3,429 , net of tax, at July 1, 2018. The transition adjustment is comprised of two components. The first component is recognition of revenue from bill and hold arrangements. The second component is recognition of revenue from contracts that meet the criteria to recognize revenue over time as the underlying products have no alternative use and the Company has a right to payment for performance completed to date. Revenue for periods prior to July 1, 2018 has not been adjusted and continues to be reported under ASC Topic 605 - Revenue Recognition. Revenue Recognition The Company primarily sells purchased products distributed through its network of service centers and recognizes revenue at a point in time when control of the product transfers to the customer, typically upon shipment from an Applied facility or directly from a supplier. For products that ship directly from suppliers to customers, Applied acts as the principal in the transaction and recognizes revenue on a gross basis. Revenue recognized over time is not significant. Revenue is measured as the amount of consideration expected to be received in exchange for the products and services provided, net of allowances for product returns, variable consideration, and any taxes collected from customers that will be remitted to governmental authorities. Shipping and handling costs are recognized in net sales when they are billed to the customer. The Company has elected to account for shipping and handling activities as fulfillment costs. There are no significant costs associated with obtaining customer contracts. Payment terms with customers vary by the type and location of the customer and the products or services offered. The Company does not adjust the promised amount of consideration for the effects of significant financing components based on the expectation that the period between when the Company transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less. Arrangements with customers that include payment terms extending beyond one year are not significant. Accounts Receivable Accounts receivable are stated at their estimated net realizable value and consist of amounts billed or billable and currently due from customers. The Company maintains an allowance for doubtful accounts, which reflects management’s best estimate of probable losses based on an analysis of customer accounts, known troubled accounts, historical experience with write-offs, and other currently available evidence. Variable Consideration The Company’s products are generally sold with a right of return and may include variable consideration in the form of incentives, discounts, credits or rebates. Product returns are estimated based on historical return rates. The Company estimates and recognizes variable consideration based on historical experience to determine the expected amount to which the Company will be entitled in exchange for transferring the promised goods or services to a customer. The Company records variable consideration as an adjustment to the transaction price in the period it is incurred. The realization of variable consideration occurs within a short period of time from product delivery; therefore, the time value of money effect is not significant. Contract Assets The Company’s contract assets consist of un-billed amounts resulting from contracts for which revenue is recognized over time using the cost-to-cost method, and for which revenue recognized exceeds the amount billed to the customer. On July 1, 2018, $13,823 of contract assets were recognized as part of the cumulative effect adjustment resulting from the adoption of ASC 606. Activity related to contract assets, which are included in other current assets on the condensed consolidated balance sheet, is as follows: December 31, 2018 July 1, 2018 $ Change % Change Contract assets $ 9,324 $ 13,823 $ (4,499 ) (32.5 )% The following tables summarize the impacts of ASC 606 on the Company's condensed consolidated financial statements: For the three months ended December 31, 2018 As Reported Adjustments Balances without adoption of ASC 606 Net sales $ 840,038 $ 1,005 $ 841,043 Cost of sales 597,178 699 597,877 Gross profit 242,860 306 243,166 Selling, distribution and administrative expense, including depreciation 181,895 55 181,950 Operating income 60,965 251 61,216 Interest expense, net 9,578 — 9,578 Other expense, net 946 — 946 Income before income taxes 50,441 251 50,692 Income tax expense 11,724 64 11,788 Net income $ 38,717 $ 187 $ 38,904 For the six months ended December 31, 2018 As Reported Adjustments Balances without adoption of ASC 606 Net sales $ 1,704,553 $ 4,317 $ 1,708,870 Cost of sales 1,209,840 3,103 1,212,943 Gross profit 494,713 1,214 495,927 Selling, distribution and administrative expense, including depreciation 367,409 274 367,683 Operating income 127,304 940 128,244 Interest expense, net 20,054 — 20,054 Other expense, net 707 — 707 Income before income taxes 106,543 940 107,483 Income tax expense 18,888 236 19,124 Net income $ 87,655 $ 704 $ 88,359 As of December 31, 2018 As Reported Adjustments Balances without adoption of ASC 606 Assets Other current assets $ 44,041 $ (9,324 ) $ 34,717 Inventories 445,881 11,830 457,711 Other assets 21,901 192 22,093 Liabilities Other current liabilities 60,164 6,626 66,790 Compensation and related benefits 56,882 (456 ) 56,426 Other liabilities 73,675 (747 ) 72,928 Equity Retained Earnings $ 889,915 $ (2,725 ) $ 887,190 Disaggregation of Revenues The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three and six months ended December 31, 2018 . Other countries consist of Mexico, Australia, New Zealand, and Singapore. Three Months Ended December 31, 2018 2017 Service Center Based Distribution Fluid Power & Flow Control Total Service Center Based Distribution Fluid Power & Flow Control Total Geographic Areas: United States $ 479,335 $ 247,862 727,197 $ 448,819 $ 108,212 $ 557,031 Canada 68,569 — 68,569 67,479 — $ 67,479 Other countries 41,394 2,878 44,272 39,309 3,368 $ 42,677 Total $ 589,298 $ 250,740 $ 840,038 $ 555,607 $ 111,580 $ 667,187 Six Months Ended December 31, 2018 2017 Service Center Based Distribution Fluid Power & Flow Control Total Service Center Based Distribution Fluid Power & Flow Control Total Geographic Areas: United States $ 970,109 $ 504,511 1,474,620 $ 907,815 $ 216,761 $ 1,124,576 Canada 137,676 — 137,676 134,296 — $ 134,296 Other countries 85,562 6,695 92,257 82,409 6,607 $ 89,016 Total $ 1,193,347 $ 511,206 $ 1,704,553 $ 1,124,520 $ 223,368 $ 1,347,888 The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three and six months ended December 31, 2018 : For the three months ended December 31, 2018 Service Center Based Distribution Fluid Power & Flow Control Total General Industry 35.9 % 46.1 % 38.9 % Industrial Machinery 9.7 % 20.3 % 12.9 % Metals 13.6 % 8.5 % 12.1 % Food 10.1 % 2.7 % 7.8 % Oil & Gas 10.2 % 2.1 % 7.8 % Chem/Petrochem 2.9 % 14.0 % 6.2 % Forest Products 7.1 % 2.9 % 5.9 % Cement & Aggregate 6.0 % 0.9 % 4.5 % Transportation 4.5 % 2.5 % 3.9 % Total 100.0 % 100.0 % 100.0 % For the six months ended December 31, 2018 Service Center Based Distribution Fluid Power & Flow Control Total General Industry 35.8 % 44.9 % 38.4 % Industrial Machinery 9.5 % 20.8 % 12.9 % Metals 12.3 % 8.2 % 11.1 % Food 10.4 % 2.6 % 8.1 % Oil & Gas 9.9 % 2.1 % 7.6 % Chem/Petrochem 3.2 % 14.8 % 6.7 % Forest Products 8.0 % 2.8 % 6.4 % Cement & Aggregate 6.4 % 1.0 % 4.8 % Transportation 4.5 % 2.8 % 4.0 % Total 100.0 % 100.0 % 100.0 % The following tables present the Company’s percentage of revenue by reportable segment and product line for the three and six months ended December 31, 2018 : For the three months ended December 31, 2018 Service Center Based Distribution Fluid Power & Flow Control Total Power Transmission 34.3 % 1.3 % 24.4 % Fluid Power 13.7 % 38.1 % 21.0 % General Maintenance; Hose Products 25.4 % 5.8 % 19.6 % Bearings, Linear & Seals 26.6 % 0.4 % 18.8 % Specialty Flow Control — % 54.4 % 16.2 % Total 100.0 % 100.0 % 100.0 % For the six months ended December 31, 2018 Service Center Based Distribution Fluid Power & Flow Control Total Power Transmission 33.5 % 1.4 % 23.9 % Fluid Power 13.8 % 37.9 % 21.0 % General Maintenance; Hose Products 26.6 % 5.2 % 20.2 % Bearings, Linear & Seals 26.1 % 0.2 % 18.3 % Specialty Flow Control — % 55.3 % 16.6 % Total 100.0 % 100.0 % 100.0 %

Business Combinations

Business Combinations	6 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	BUSINESS COMBINATIONS The operating results of all acquired entities are included within the consolidated operating results of the Company from the date of each respective acquisition. Fiscal 2019 Acquisition On November 2, 2018, the Company acquired substantially all of the net assets of Fluid Power Sales, Inc. (FPS), a Baldwinsville, New York based manufacturer and distributor of fluid power components, specializing in the engineering and fabrication of manifolds and power units. FPS is included in the Fluid Power & Flow Control segment. The purchase price for the acquisition was $8,100 , net tangible assets acquired were $4,104 , and goodwill was $3,996 based upon estimated fair values at the acquisition date. The purchase price includes acquisition holdback payments of $1,200 , which is included in other current liabilities and other liabilities on the condensed consolidated balance sheet as of December 31, 2018 , and which will be paid on the first and second anniversaries of the acquisition date with interest at a fixed rate of 1.5% per annum. The Company funded this acquisition using available cash. The acquisition price and the results of operations for the acquired entity are not material in relation to the Company's consolidated financial statements. FCX Acquisition On January 31, 2018, the Company completed the acquisition of 100% of the outstanding shares of FCX Performance, Inc. (FCX), a Columbus, Ohio based distributor of specialty process flow control products and services. The total consideration transferred for the acquisition was $781,781 , which was financed by cash-on-hand and a new credit facility comprised of a $780,000 Term Loan A and a $250,000 revolver, effective with the transaction closing. See Note 5 - Debt. As a distributor of engineered valves, instruments, pumps and lifecycle services to MRO (Maintenance, Repair & Operations) and OEM (Original Equipment Manufacturer) customers across diverse industrial and process end markets, this business is included in the Fluid Power & Flow Control Segment. The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of FCX based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase accounting will be finalized within one year from the acquisition date. Cash $ 11,141 Accounts receivable 80,836 Inventories 44,669 Other current assets 1,657 Property 8,282 Identifiable intangible assets 305,420 Goodwill 440,143 Other assets 775 Total assets acquired $ 892,923 Accounts payable and accrued liabilities 54,012 Other liabilities 2,677 Deferred tax liabilities 54,453 Net assets acquired $ 781,781 Purchase price $ 784,281 Reconciliation of fair value transferred: Working Capital Adjustments (2,500 ) Total Consideration $ 781,781 Goodwill acquired of $161,452 is expected to be deductible for income tax purposes. Net sales, operating income and net income from the FCX acquisition included in the Company’s three and six months ended December 31, 2018 are as follows: Three Months Ended December 31, 2018 Six Months Ended December 31, 2018 Net sales $ 138,254 $ 284,740 Operating income 10,906 22,458 Net income 8,463 17,683 The following unaudited pro forma consolidated results of operations have been prepared as if the FCX acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2018: Three Months Ended December 31, Six Months Ended December 31, Pro forma 2017 2017 Net sales $ 789,407 $ 1,565,890 Operating income 46,640 102,045 Net income 26,287 58,127 Diluted net income per share $ 0.67 $ 1.48 These pro forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results to reflect additional amortization that would have been recorded assuming the fair value adjustments to identified intangible assets had been applied as of July 1, 2017. In addition, pro forma adjustments have been made for the interest expense that would have been incurred as a result of the indebtedness used to finance the acquisitions. The pro forma net income amounts also incorporate an adjustment to the recorded income tax expense for the income tax effect of the pro forma adjustments described above. These pro forma results of operations do not include any anticipated synergies or other effects of the planned integration of FCX; accordingly, such pro forma adjustments do not purport to be indicative of the results of operations that actually would have resulted had the acquisitions occurred as of the date indicated or that may result in the future. Other Fiscal 2018 Acquisition On July 3, 2017, the Company acquired 100% of the outstanding stock of Dise ñ o, Construcciones y Fabricaciones Hispanoamericanas, S.A. (DICOFASA), a distributor of accessories and components for hydraulic systems and lubrication, located in Puebla, Mexico. DICOFASA is included in the Service Center Based Distribution segment. The purchase price for the acquisition was $5,920 , net tangible assets acquired were $3,395 , and goodwill was $2,525 based upon estimated fair values at the acquisition date. The purchase price includes $906 of acquisition holdback payments, of which $219 was paid during the six months ended December 31, 2018 . Due to changes in foreign currency exchange rates, the remaining balance is $634 , which is included in other current liabilities and other liabilities on the condensed consolidated balance sheet as of December 31, 2018 , and which will be paid on the second and third anniversaries of the acquisition date with interest at a fixed rate of 1.5% per annum. The Company funded this acquisition using available cash. The acquisition price and the results of operations for the acquired entity are not material in relation to the Company's consolidated financial statements.

Goodwill and Intangibles

Goodwill and Intangibles	6 Months Ended
	Dec. 31, 2018
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 & Flow Control segment for the fiscal year ended June 30, 2018 and the six month period ended December 31, 2018 are as follows: Service Center Based Distribution Fluid Power & Flow Control Total Balance at July 1, 2017 $ 201,740 $ 4,395 $ 206,135 Goodwill acquired during the period 2,525 439,164 441,689 Other, primarily currency translation (1,181 ) — (1,181 ) Balance at June 30, 2018 $ 203,084 $ 443,559 $ 646,643 Goodwill acquired/adjusted during the period — 4,975 4,975 Other, primarily currency translation (412 ) — (412 ) Balance at December 31, 2018 $ 202,672 $ 448,534 $ 651,206 The Company has six ( 6 ) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2018. The Company concluded that all of the reporting units’ fair value exceeded their carrying amounts by at least 30% as of January 1, 2018. 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 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. At December 31, 2018 and June 30, 2018 , 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 & Flow Control segment. The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following: December 31, 2018 Amount Accumulated Amortization Net Book Value Finite-Lived Identifiable Intangibles: Customer relationships $ 463,998 $ 141,565 $ 322,433 Trade names 112,757 26,179 86,578 Vendor relationships 11,376 7,758 3,618 Non-competition agreements 2,762 2,298 464 Total Identifiable Intangibles $ 590,893 $ 177,800 $ 413,093 June 30, 2018 Amount Accumulated Amortization Net Book Value Finite-Lived Identifiable Intangibles: Customer relationships $ 465,691 $ 125,009 $ 340,682 Trade names 112,939 22,454 90,485 Vendor relationships 11,425 7,382 4,043 Non-competition agreements 2,761 2,024 737 Total Identifiable Intangibles $ 592,816 $ 156,869 $ 435,947 Amounts include the impact of foreign currency translation. Fully amortized amounts are written off. Estimated future amortization expense by fiscal year (based on the Company’s identifiable intangible assets as of December 31, 2018 ) for the next five years is as follows: $22,200 for the remainder of 2019 , $42,600 for 2020 , $40,200 for 2021 , $37,800 for 2022 , $35,400 for 2023 and $31,000 for 2024 .

Debt (Notes)

Debt (Notes)	6 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	DEBT Revolving Credit Facility & Term Loan In January 2018, in conjunction with the acquisition of FCX, the Company refinanced its existing credit facility and entered into a new five-year credit facility with a group of banks expiring in January 2023 . This agreement provides for a $780,000 unsecured term loan and a $250,000 unsecured revolving credit facility. Fees on this facility range from 0.10% to 0.20% 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 December 31, 2018 and June 30, 2018 , the Company had $623,375 and $775,125 , respectively, outstanding under the term loan. The interest rate on the term loan as of December 31, 2018 and June 30, 2018 was 4.31% and 4.13% , respectively. The Company had no amount outstanding under the revolver at December 31, 2018 , and $19,500 was outstanding under the revolver at June 30, 2018 . Unused lines under this facility, net of outstanding letters of credit of $4,674 and $3,625 , respectively, to secure certain insurance obligations, totaled $245,326 and $226,875 at December 31, 2018 and June 30, 2018 , respectively, and were available to fund future acquisitions or other capital and operating requirements. The weighted average interest rate on the amount outstanding under the revolving credit facility as of June 30, 2018 was 3.93% . 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 December 31, 2018 and June 30, 2018 , in order to secure certain insurance obligations. Trade Receivable Securitization Facility In August 2018, the Company established a trade receivable securitization facility (the “AR Securitization Facility”) with a termination date of August 31, 2021 . The maximum availability under the AR Securitization Facility is $175,000 . Availability is further subject to changes in the credit ratings of our customers, customer concentration levels or certain characteristics of the accounts receivable being transferred and, therefore, at certain times, we may not be able to fully access the $175,000 of funding available under the AR Securitization Facility. The AR Securitization Facility effectively increases the Company’s borrowing capacity by collateralizing a portion of the amount of the Service Center Based Distribution reportable segment’s U.S. operations’ trade accounts receivable. The collateralized trade accounts receivable is equal to the borrowed amount outstanding under the AR Securitization Facility and there are no restrictions on cash or other assets. The Company uses the proceeds from the AR Securitization Facility as an alternative to other forms of debt, effectively reducing borrowing costs. Borrowings under this facility carry variable interest rates tied to LIBOR and fees on the AR Securitization Facility are 0.90% per year. As of December 31, 2018 , the Company borrowed $175,000 under the AR Securitization Facility, and the interest rate was 3.22% . Other Long-Term Borrowings At December 31, 2018 and June 30, 2018 , 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 December 31, 2018 , $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 December 31, 2018 and June 30, 2018 , $1,322 and $1,438 was outstanding, respectively. Unamortized debt issue costs of $551 are included as a reduction of current portion of long-term debt on the condensed consolidated balance sheets as of December 31, 2018 and June 30, 2018 , respectively. Unamortized debt issue costs of $1,552 and $1,807 are included as a reduction of long-term debt on the condensed consolidated balance sheets as of December 31, 2018 and June 30, 2018 , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Marketable securities measured at fair value at December 31, 2018 and June 30, 2018 totaled $9,730 and $10,318 , respectively. The majority of these marketable securities are held in a rabbi trust for a non-qualified deferred compensation plan. The marketable securities are included in other assets on the accompanying condensed consolidated balance sheets and their fair values were determined using quoted market prices (Level 1 in the fair value hierarchy). As of December 31, 2018 and June 30, 2018 , the carrying values of the Company's fixed interest rate debt outstanding under its unsecured shelf facility agreement with Prudential Investment Management approximated fair value (Level 2 in the fair value hierarchy). The revolving credit facility, the term loan and the AR Securitization Facility contain variable interest rates and their carrying values approximate fair value (Level 2 in the fair value hierarchy).

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES On December 22, 2017, the Tax Cuts and Jobs Act (the "Act") was enacted in the U.S., making significant changes to U.S. tax law. The Act reduced the U.S. federal corporate income tax rate from 35% to 21% , required companies to pay a one-time transition tax on certain un-remitted earnings of foreign subsidiaries that were previously tax deferred, generally eliminated U.S. federal income tax on dividends from foreign subsidiaries, and created new taxes on certain foreign-sourced earnings. During the six months ended December 31, 2018 , the Company's estimated annual effective tax rate reflects the change in the federal statutory rate from 35% to 21% . The corporate income tax rate change had a favorable impact to the Company of $5,780 and $13,634 for the three and six months ended December 31, 2018 , respectively. As of December 31, 2018 , we have completed our accounting for the tax effects of the Act. In fiscal 2018, we recognized a provisional tax liability of $3,877 related to the one-time transition tax on certain un-remitted earnings of foreign subsidiaries, which is payable over eight years. During fiscal 2019, the Company recorded adjustments totaling $3,497 to reduce the tax liability related to the one-time transition tax. We also recorded a net tax benefit of $577 to increase the foreign tax credit related to the transition tax. The new taxes and deductions related to certain foreign-sourced earnings recognized in fiscal 2019 resulted in a net tax benefit of $375 . Overall, considering the decrease in the corporate income tax rate, the tax benefit related to the transition tax adjustment, and the new taxes and deductions related to certain foreign earnings, the Act resulted in a tax benefit of $5,977 and $18,083 for the three and six months ended December 31, 2018 , respectively, which is included as a component of income tax expense in the condensed statements of consolidated income.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Dec. 31, 2018
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY Accumulated Other Comprehensive Loss Changes in the accumulated other comprehensive loss are comprised of the following amounts, shown net of taxes: Three Months Ended December 31, 2018 Foreign currency translation adjustment Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at October 1, 2018 $ (82,521 ) $ (2,355 ) $ (84,876 ) Other comprehensive loss (9,699 ) — (9,699 ) Amounts reclassified from accumulated other comprehensive (loss) income — (57 ) (57 ) Net current-period other comprehensive loss (9,699 ) (57 ) (9,756 ) Balance at December 31, 2018 $ (92,220 ) $ (2,412 ) $ (94,632 ) Three Months Ended December 31, 2017 Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at October 1, 2017 $ (71,288 ) $ 18 $ (2,280 ) $ (73,550 ) Other comprehensive (loss) income (6,067 ) 17 — (6,050 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (14 ) (14 ) Net current-period other comprehensive (loss) income (6,067 ) 17 (14 ) (6,064 ) Balance at December 31, 2017 $ (77,355 ) $ 35 $ (2,294 ) $ (79,614 ) Six Months Ended December 31, 2018 Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at July 1, 2018 $ (87,974 ) $ 50 $ (2,299 ) $ (90,223 ) Other comprehensive loss (4,246 ) — — (4,246 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (113 ) (113 ) Cumulative effect of adopting accounting standard — (50 ) — (50 ) Net current-period other comprehensive loss (4,246 ) (50 ) (113 ) (4,409 ) Balance at December 31, 2018 $ (92,220 ) $ — $ (2,412 ) $ (94,632 ) Six Months Ended December 31, 2017 Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at July 1, 2017 $ (79,447 ) $ 21 $ (2,276 ) $ (81,702 ) Other comprehensive income (loss) 2,092 14 — 2,106 Amounts reclassified from accumulated other comprehensive (loss) income — — (18 ) (18 ) Net current-period other comprehensive income (loss) 2,092 14 (18 ) 2,088 Balance at December 31, 2017 $ (77,355 ) $ 35 $ (2,294 ) $ (79,614 ) Other Comprehensive (Loss) Income Details of other comprehensive (loss) income are as follows: Three Months Ended December 31, 2018 2017 Pre-Tax Amount Tax Benefit Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (10,270 ) $ (571 ) $ (9,699 ) $ (6,031 ) $ 36 $ (6,067 ) Post-employment benefits: Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs (78 ) (21 ) (57 ) (22 ) (8 ) (14 ) Unrealized gain on investment securities available for sale — — — 46 29 17 Other comprehensive (loss) income $ (10,348 ) $ (592 ) $ (9,756 ) $ (6,007 ) $ 57 $ (6,064 ) Six Months Ended December 31, 2018 2017 Pre-Tax Amount Tax Benefit Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (4,556 ) $ (310 ) $ (4,246 ) $ 2,128 $ 36 $ 2,092 Post-employment benefits: Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs (153 ) (40 ) (113 ) (36 ) (18 ) (18 ) Unrealized (loss) gain on investment securities available for sale — — — 42 28 14 Cumulative effect of adopting accounting standard (50 ) — (50 ) — — — Other comprehensive income $ (4,759 ) $ (350 ) $ (4,409 ) $ 2,134 $ 46 $ 2,088 Anti-dilutive Common Stock Equivalents In the three month periods ended December 31, 2018 and 2017 , respectively, stock options and stock appreciation rights related to 242 and 234 shares of common stock, were not included in the computation of diluted earnings per share for the periods then ended as they were anti-dilutive. In the six month periods ended December 31, 2018 and 2017 , respectively, stock options and stock appreciation rights related to 242 and 274 shares of common stock, were not included in the computation of diluted earnings per share for the periods then ended as they were anti-dilutive.

Benefit Plans

Benefit Plans	6 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
BENEFIT PLANS	BENEFIT PLANS The following table provides summary disclosures of the net periodic post-employment costs recognized for the Company’s post-employment benefit plans: Pension Benefits Retiree Health Care Benefits Three Months Ended December 31, 2018 2017 2018 2017 Components of net periodic cost: Service cost $ 11 $ 31 $ 4 $ 4 Interest cost 174 184 13 13 Expected return on plan assets (133 ) (119 ) — — Recognized net actuarial loss (gain) 46 106 (30 ) (38 ) Amortization of prior service cost — 7 (92 ) (92 ) Net periodic cost (benefit) $ 98 $ 209 $ (105 ) $ (113 ) Pension Benefits Retiree Health Care Six Months Ended December 31, 2018 2017 2018 2017 Components of net periodic cost: Service cost $ 22 $ 62 $ 8 $ 9 Interest cost 348 367 26 26 Expected return on plan assets (266 ) (237 ) — — Recognized net actuarial loss (gain) 92 212 (60 ) (77 ) Amortization of prior service cost — 14 (184 ) (184 ) Net periodic cost (benefit) $ 196 $ 418 $ (210 ) $ (226 ) The Company contributed $3,100 to its pension benefit plans and $110 to its retiree health care plans in the six months ended December 31, 2018 . Expected contributions for the remainder of fiscal 2019 are $200 for the pension benefit plans to fund scheduled retirement payments and $110 for retiree health care plans.

Segment Information

Segment Information	6 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHIC INFORMATION	SEGMENT INFORMATION In the first quarter of fiscal 2019, the Company performed a review of its management reporting structure and implemented changes to align with how the Company measures performance. As a result, the Company has revised its reportable segments to reflect how management currently reviews financial information and makes operating decisions. Certain supplier support benefits are now included within the Service Center Based Distribution segment operating income. Previously, these benefits were included in Corporate and other expense, net. All prior-period amounts have been adjusted to reflect the reportable segment change. The accounting policies of the Company’s reportable segments are generally the same as those used to prepare the condensed consolidated financial statements. Intercompany sales, primarily from the Fluid Power & Flow Control segment to the Service Center Based Distribution segment, of $6,769 and $5,664 , in the three months ended December 31, 2018 and 2017 , respectively, and $13,685 and $11,755 in the six months ended December 31, 2018 and 2017 , respectively, have been eliminated in the Segment Financial Information tables below. Three Months Ended Service Center Based Distribution Fluid Power & Flow Control Total December 31, 2018 Net sales $ 589,298 $ 250,740 $ 840,038 Operating income for reportable segments 58,317 29,243 87,560 Depreciation and amortization of property 3,911 1,127 5,038 Capital expenditures 3,256 667 3,923 December 31, 2017 Net sales $ 555,607 $ 111,580 $ 667,187 Operating income for reportable segments 52,642 13,766 66,408 Depreciation and amortization of property 3,802 279 4,081 Capital expenditures 4,822 302 5,124 Six Months Ended Service Center Based Distribution Fluid Power & Flow Control Total December 31, 2018 Net sales $ 1,193,347 $ 511,206 $ 1,704,553 Operating income for reportable segments 121,126 60,123 181,249 Assets used in business 1,223,926 1,066,062 2,289,988 Depreciation and amortization of property 7,822 2,197 10,019 Capital expenditures 5,700 1,396 7,096 December 31, 2017 Net sales $ 1,124,520 $ 223,368 $ 1,347,888 Operating income for reportable segments 111,889 26,968 138,857 Assets used in business 1,199,704 206,178 1,405,882 Depreciation and amortization of property 7,471 537 8,008 Capital expenditures 10,370 1,090 11,460 A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows: Three Months Ended Six Months Ended December 31, December 31, 2018 2017 2018 2017 Operating income for reportable segments $ 87,560 $ 66,408 $ 181,249 $ 138,857 Adjustment for: Intangible amortization—Service Center Based Distribution 3,973 4,425 7,991 8,937 Intangible amortization—Fluid Power & Flow Control 7,018 1,270 13,921 2,589 Corporate and other expense, net 15,604 13,998 32,033 28,779 Total operating income 60,965 46,715 127,304 98,552 Interest expense, net 9,578 2,139 20,054 4,305 Other expense (income), net 946 (20 ) 707 (731 ) Income before income taxes $ 50,441 $ 44,596 $ 106,543 $ 94,978 The change in corporate and other expense, net is due to changes in corporate expenses, as well as in the amounts and levels of certain expenses being allocated to the segments. The expenses being allocated include corporate charges for working capital, logistics support and other items.

Other (Income) Expense, Net

Other (Income) Expense, Net	6 Months Ended
	Dec. 31, 2018
Other Income and Expenses [Abstract]
OTHER (INCOME) EXPENSE, NET	OTHER EXPENSE (INCOME), NET Other expense (income), net consists of the following: Three Months Ended Six Months Ended December 31, December 31, 2018 2017 2018 2017 Unrealized loss (gain) on assets held in rabbi trust for a non-qualified deferred compensation plan $ 1,179 $ (417 ) $ 837 $ (784 ) Foreign currency transactions loss (gain) 7 260 34 (51 ) Net other periodic post-employment (benefits) costs (22 ) 61 (44 ) 121 Other, net (218 ) 76 (120 ) (17 ) Total other expense (income), net $ 946 $ (20 ) $ 707 $ (731 )

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Recently Adopted Accounting Guidance Revenue from Contracts with Customers In May 2014, the FASB issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers (Topic 606)" ("ASC 606"). The standard outlines a single comprehensive model for entities to use in the accounting for revenue arising from contracts with customers. The core principle of this model is that "an entity recognizes revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services." Subsequent to the issuance of ASU 2014-09, the FASB issued ASU 2015-14, ASU 2016-08, ASU 2016-10, and ASU 2016-12, which clarify the guidance in ASU 2014-09 but do not change the core principle of the revenue recognition model, and have been collectively codified into ASC 606. The provisions of ASC 606 are effective for interim and annual periods beginning after December 15, 2017. On July 1, 2018, the Company adopted ASC 606 using the modified retrospective method. As a result, the Company applied ASC 606 only to contracts that were not completed as of July 1, 2018. The adoption of ASC 606 resulted in a net increase to opening retained earnings of approximately $3,429 , net of tax, on July 1, 2018. See Note 2, Revenue Recognition, for further information on the impacts of these standard updates. Income tax consequences of intra-entity transfer of assets other than inventory 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. The Company adopted ASU 2016-16 during the first quarter of fiscal 2019 using the modified retrospective method, and recorded a cumulative-effect adjustment decreasing retained earnings by $424 , recording a deferred tax asset of $587 and reversing a prepaid asset of $1,011 as of the beginning of the period. The deferred tax asset is included in other assets on the condensed consolidated balance sheet as of December 31, 2018.
Inventory, Policy [Policy Text Block]	Inventory The Company uses the LIFO method of valuing U.S. inventories. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs and are subject to the final year-end LIFO inventory determination.
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Recently Issued Accounting Guidance 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. In July 2018, the FASB issued ASU 2018-10 which clarifies the guidance in ASU 2016-02, and ASU 2018-11 which provides entities with an additional transition method option for adopting the new standard. The company plans to use this new transition method option upon adoption and recognize a cumulative-effect adjustment to the opening balance of retained earnings. In December 2018, the FASB issued ASU 2018-20 which further clarifies the guidance. The Company has established a cross-functional team to evaluate the new standard and has begun implementing new lease administration software. The Company is still determining the financial impact that this standard update will have on its consolidated financial statements, but anticipates it will have a material impact on its assets and liabilities due to the addition of right-of-use assets and lease liabilities to the consolidated balance sheet. The Company will continue to evaluate the impacts of the adoption of the standard and these assessments are subject to change. 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 annual and interim financial statement periods beginning after December 15, 2019, with early adoption permitted for financial statement periods beginning after December 15, 2018. In November 2018, the FASB issued ASU 2018-19 which clarifies the guidance in ASU 2016-13. 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 August 2018, the FASB issued its final standard on the accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. This standard, issued as ASU 2018-15, aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This update is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures.

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Policies)	6 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company primarily sells purchased products distributed through its network of service centers and recognizes revenue at a point in time when control of the product transfers to the customer, typically upon shipment from an Applied facility or directly from a supplier. For products that ship directly from suppliers to customers, Applied acts as the principal in the transaction and recognizes revenue on a gross basis. Revenue recognized over time is not significant. Revenue is measured as the amount of consideration expected to be received in exchange for the products and services provided, net of allowances for product returns, variable consideration, and any taxes collected from customers that will be remitted to governmental authorities. Shipping and handling costs are recognized in net sales when they are billed to the customer. The Company has elected to account for shipping and handling activities as fulfillment costs. There are no significant costs associated with obtaining customer contracts. Payment terms with customers vary by the type and location of the customer and the products or services offered. The Company does not adjust the promised amount of consideration for the effects of significant financing components based on the expectation that the period between when the Company transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less. Arrangements with customers that include payment terms extending beyond one year are not significant. Accounts Receivable Accounts receivable are stated at their estimated net realizable value and consist of amounts billed or billable and currently due from customers. The Company maintains an allowance for doubtful accounts, which reflects management’s best estimate of probable losses based on an analysis of customer accounts, known troubled accounts, historical experience with write-offs, and other currently available evidence. Variable Consideration The Company’s products are generally sold with a right of return and may include variable consideration in the form of incentives, discounts, credits or rebates. Product returns are estimated based on historical return rates. The Company estimates and recognizes variable consideration based on historical experience to determine the expected amount to which the Company will be entitled in exchange for transferring the promised goods or services to a customer. The Company records variable consideration as an adjustment to the transaction price in the period it is incurred. The realization of variable consideration occurs within a short period of time from product delivery; therefore, the time value of money effect is not significant. Contract Assets The Company’s contract assets consist of un-billed amounts resulting from contracts for which revenue is recognized over time using the cost-to-cost method, and for which revenue recognized exceeds the amount billed to the customer.

Revenue Recognition Revenue R_3

Revenue Recognition Revenue Recognition (Tables)	6 Months Ended
	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Contract with Customer, Asset and Liability [Table Text Block]	Activity related to contract assets, which are included in other current assets on the condensed consolidated balance sheet, is as follows: December 31, 2018 July 1, 2018 $ Change % Change Contract assets $ 9,324 $ 13,823 $ (4,499 ) (32.5 )%
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	The following tables summarize the impacts of ASC 606 on the Company's condensed consolidated financial statements: For the three months ended December 31, 2018 As Reported Adjustments Balances without adoption of ASC 606 Net sales $ 840,038 $ 1,005 $ 841,043 Cost of sales 597,178 699 597,877 Gross profit 242,860 306 243,166 Selling, distribution and administrative expense, including depreciation 181,895 55 181,950 Operating income 60,965 251 61,216 Interest expense, net 9,578 — 9,578 Other expense, net 946 — 946 Income before income taxes 50,441 251 50,692 Income tax expense 11,724 64 11,788 Net income $ 38,717 $ 187 $ 38,904 For the six months ended December 31, 2018 As Reported Adjustments Balances without adoption of ASC 606 Net sales $ 1,704,553 $ 4,317 $ 1,708,870 Cost of sales 1,209,840 3,103 1,212,943 Gross profit 494,713 1,214 495,927 Selling, distribution and administrative expense, including depreciation 367,409 274 367,683 Operating income 127,304 940 128,244 Interest expense, net 20,054 — 20,054 Other expense, net 707 — 707 Income before income taxes 106,543 940 107,483 Income tax expense 18,888 236 19,124 Net income $ 87,655 $ 704 $ 88,359 As of December 31, 2018 As Reported Adjustments Balances without adoption of ASC 606 Assets Other current assets $ 44,041 $ (9,324 ) $ 34,717 Inventories 445,881 11,830 457,711 Other assets 21,901 192 22,093 Liabilities Other current liabilities 60,164 6,626 66,790 Compensation and related benefits 56,882 (456 ) 56,426 Other liabilities 73,675 (747 ) 72,928 Equity Retained Earnings $ 889,915 $ (2,725 ) $ 887,190
Revenue from External Customers by Geographic Areas [Table Text Block]	The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three and six months ended December 31, 2018 . Other countries consist of Mexico, Australia, New Zealand, and Singapore. Three Months Ended December 31, 2018 2017 Service Center Based Distribution Fluid Power & Flow Control Total Service Center Based Distribution Fluid Power & Flow Control Total Geographic Areas: United States $ 479,335 $ 247,862 727,197 $ 448,819 $ 108,212 $ 557,031 Canada 68,569 — 68,569 67,479 — $ 67,479 Other countries 41,394 2,878 44,272 39,309 3,368 $ 42,677 Total $ 589,298 $ 250,740 $ 840,038 $ 555,607 $ 111,580 $ 667,187 Six Months Ended December 31, 2018 2017 Service Center Based Distribution Fluid Power & Flow Control Total Service Center Based Distribution Fluid Power & Flow Control Total Geographic Areas: United States $ 970,109 $ 504,511 1,474,620 $ 907,815 $ 216,761 $ 1,124,576 Canada 137,676 — 137,676 134,296 — $ 134,296 Other countries 85,562 6,695 92,257 82,409 6,607 $ 89,016 Total $ 1,193,347 $ 511,206 $ 1,704,553 $ 1,124,520 $ 223,368 $ 1,347,888
Disaggregation of Revenue [Table Text Block]	The following tables present the Company’s percentage of revenue by reportable segment and product line for the three and six months ended December 31, 2018 : For the three months ended December 31, 2018 Service Center Based Distribution Fluid Power & Flow Control Total Power Transmission 34.3 % 1.3 % 24.4 % Fluid Power 13.7 % 38.1 % 21.0 % General Maintenance; Hose Products 25.4 % 5.8 % 19.6 % Bearings, Linear & Seals 26.6 % 0.4 % 18.8 % Specialty Flow Control — % 54.4 % 16.2 % Total 100.0 % 100.0 % 100.0 % For the six months ended December 31, 2018 Service Center Based Distribution Fluid Power & Flow Control Total Power Transmission 33.5 % 1.4 % 23.9 % Fluid Power 13.8 % 37.9 % 21.0 % General Maintenance; Hose Products 26.6 % 5.2 % 20.2 % Bearings, Linear & Seals 26.1 % 0.2 % 18.3 % Specialty Flow Control — % 55.3 % 16.6 % Total 100.0 % 100.0 % 100.0 %
All Sectors [Domain]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three and six months ended December 31, 2018 : For the three months ended December 31, 2018 Service Center Based Distribution Fluid Power & Flow Control Total General Industry 35.9 % 46.1 % 38.9 % Industrial Machinery 9.7 % 20.3 % 12.9 % Metals 13.6 % 8.5 % 12.1 % Food 10.1 % 2.7 % 7.8 % Oil & Gas 10.2 % 2.1 % 7.8 % Chem/Petrochem 2.9 % 14.0 % 6.2 % Forest Products 7.1 % 2.9 % 5.9 % Cement & Aggregate 6.0 % 0.9 % 4.5 % Transportation 4.5 % 2.5 % 3.9 % Total 100.0 % 100.0 % 100.0 % For the six months ended December 31, 2018 Service Center Based Distribution Fluid Power & Flow Control Total General Industry 35.8 % 44.9 % 38.4 % Industrial Machinery 9.5 % 20.8 % 12.9 % Metals 12.3 % 8.2 % 11.1 % Food 10.4 % 2.6 % 8.1 % Oil & Gas 9.9 % 2.1 % 7.6 % Chem/Petrochem 3.2 % 14.8 % 6.7 % Forest Products 8.0 % 2.8 % 6.4 % Cement & Aggregate 6.4 % 1.0 % 4.8 % Transportation 4.5 % 2.8 % 4.0 % Total 100.0 % 100.0 % 100.0 %

Business Combinations Business

Business Combinations Business Combinations (Tables)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
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 FCX based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase accounting will be finalized within one year from the acquisition date. Cash $ 11,141 Accounts receivable 80,836 Inventories 44,669 Other current assets 1,657 Property 8,282 Identifiable intangible assets 305,420 Goodwill 440,143 Other assets 775 Total assets acquired $ 892,923 Accounts payable and accrued liabilities 54,012 Other liabilities 2,677 Deferred tax liabilities 54,453 Net assets acquired $ 781,781 Purchase price $ 784,281 Reconciliation of fair value transferred: Working Capital Adjustments (2,500 ) Total Consideration $ 781,781
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Net sales, operating income and net income from the FCX acquisition included in the Company’s three and six months ended December 31, 2018 are as follows: Three Months Ended December 31, 2018 Six Months Ended December 31, 2018 Net sales $ 138,254 $ 284,740 Operating income 10,906 22,458 Net income 8,463 17,683
Business Acquisition, Pro Forma Information [Table Text Block]		The following unaudited pro forma consolidated results of operations have been prepared as if the FCX acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2018: Three Months Ended December 31, Six Months Ended December 31, Pro forma 2017 2017 Net sales $ 789,407 $ 1,565,890 Operating income 46,640 102,045 Net income 26,287 58,127 Diluted net income per share $ 0.67 $ 1.48

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	6 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the carrying amount of goodwill by reportable segment	The changes in the carrying amount of goodwill for both the Service Center Based Distribution segment and the Fluid Power & Flow Control segment for the fiscal year ended June 30, 2018 and the six month period ended December 31, 2018 are as follows: Service Center Based Distribution Fluid Power & Flow Control Total Balance at July 1, 2017 $ 201,740 $ 4,395 $ 206,135 Goodwill acquired during the period 2,525 439,164 441,689 Other, primarily currency translation (1,181 ) — (1,181 ) Balance at June 30, 2018 $ 203,084 $ 443,559 $ 646,643 Goodwill acquired/adjusted during the period — 4,975 4,975 Other, primarily currency translation (412 ) — (412 ) Balance at December 31, 2018 $ 202,672 $ 448,534 $ 651,206
Schedule of Intangible Assets	The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following: December 31, 2018 Amount Accumulated Amortization Net Book Value Finite-Lived Identifiable Intangibles: Customer relationships $ 463,998 $ 141,565 $ 322,433 Trade names 112,757 26,179 86,578 Vendor relationships 11,376 7,758 3,618 Non-competition agreements 2,762 2,298 464 Total Identifiable Intangibles $ 590,893 $ 177,800 $ 413,093 June 30, 2018 Amount Accumulated Amortization Net Book Value Finite-Lived Identifiable Intangibles: Customer relationships $ 465,691 $ 125,009 $ 340,682 Trade names 112,939 22,454 90,485 Vendor relationships 11,425 7,382 4,043 Non-competition agreements 2,761 2,024 737 Total Identifiable Intangibles $ 592,816 $ 156,869 $ 435,947 Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated Other Comprehensive Loss Changes in the accumulated other comprehensive loss are comprised of the following amounts, shown net of taxes: Three Months Ended December 31, 2018 Foreign currency translation adjustment Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at October 1, 2018 $ (82,521 ) $ (2,355 ) $ (84,876 ) Other comprehensive loss (9,699 ) — (9,699 ) Amounts reclassified from accumulated other comprehensive (loss) income — (57 ) (57 ) Net current-period other comprehensive loss (9,699 ) (57 ) (9,756 ) Balance at December 31, 2018 $ (92,220 ) $ (2,412 ) $ (94,632 ) Three Months Ended December 31, 2017 Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at October 1, 2017 $ (71,288 ) $ 18 $ (2,280 ) $ (73,550 ) Other comprehensive (loss) income (6,067 ) 17 — (6,050 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (14 ) (14 ) Net current-period other comprehensive (loss) income (6,067 ) 17 (14 ) (6,064 ) Balance at December 31, 2017 $ (77,355 ) $ 35 $ (2,294 ) $ (79,614 ) Six Months Ended December 31, 2018 Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at July 1, 2018 $ (87,974 ) $ 50 $ (2,299 ) $ (90,223 ) Other comprehensive loss (4,246 ) — — (4,246 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (113 ) (113 ) Cumulative effect of adopting accounting standard — (50 ) — (50 ) Net current-period other comprehensive loss (4,246 ) (50 ) (113 ) (4,409 ) Balance at December 31, 2018 $ (92,220 ) $ — $ (2,412 ) $ (94,632 ) Six Months Ended December 31, 2017 Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at July 1, 2017 $ (79,447 ) $ 21 $ (2,276 ) $ (81,702 ) Other comprehensive income (loss) 2,092 14 — 2,106 Amounts reclassified from accumulated other comprehensive (loss) income — — (18 ) (18 ) Net current-period other comprehensive income (loss) 2,092 14 (18 ) 2,088 Balance at December 31, 2017 $ (77,355 ) $ 35 $ (2,294 ) $ (79,614 )
Schedule of Comprehensive Income (Loss) [Table Text Block]	Other Comprehensive (Loss) Income Details of other comprehensive (loss) income are as follows: Three Months Ended December 31, 2018 2017 Pre-Tax Amount Tax Benefit Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (10,270 ) $ (571 ) $ (9,699 ) $ (6,031 ) $ 36 $ (6,067 ) Post-employment benefits: Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs (78 ) (21 ) (57 ) (22 ) (8 ) (14 ) Unrealized gain on investment securities available for sale — — — 46 29 17 Other comprehensive (loss) income $ (10,348 ) $ (592 ) $ (9,756 ) $ (6,007 ) $ 57 $ (6,064 ) Six Months Ended December 31, 2018 2017 Pre-Tax Amount Tax Benefit Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (4,556 ) $ (310 ) $ (4,246 ) $ 2,128 $ 36 $ 2,092 Post-employment benefits: Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs (153 ) (40 ) (113 ) (36 ) (18 ) (18 ) Unrealized (loss) gain on investment securities available for sale — — — 42 28 14 Cumulative effect of adopting accounting standard (50 ) — (50 ) — — — Other comprehensive income $ (4,759 ) $ (350 ) $ (4,409 ) $ 2,134 $ 46 $ 2,088

Benefit Plans (Tables)

Benefit Plans (Tables)	6 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
Net periodic costs	The following table provides summary disclosures of the net periodic post-employment costs recognized for the Company’s post-employment benefit plans: Pension Benefits Retiree Health Care Benefits Three Months Ended December 31, 2018 2017 2018 2017 Components of net periodic cost: Service cost $ 11 $ 31 $ 4 $ 4 Interest cost 174 184 13 13 Expected return on plan assets (133 ) (119 ) — — Recognized net actuarial loss (gain) 46 106 (30 ) (38 ) Amortization of prior service cost — 7 (92 ) (92 ) Net periodic cost (benefit) $ 98 $ 209 $ (105 ) $ (113 ) Pension Benefits Retiree Health Care Six Months Ended December 31, 2018 2017 2018 2017 Components of net periodic cost: Service cost $ 22 $ 62 $ 8 $ 9 Interest cost 348 367 26 26 Expected return on plan assets (266 ) (237 ) — — Recognized net actuarial loss (gain) 92 212 (60 ) (77 ) Amortization of prior service cost — 14 (184 ) (184 ) Net periodic cost (benefit) $ 196 $ 418 $ (210 ) $ (226 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Segment financial information	Three Months Ended Service Center Based Distribution Fluid Power & Flow Control Total December 31, 2018 Net sales $ 589,298 $ 250,740 $ 840,038 Operating income for reportable segments 58,317 29,243 87,560 Depreciation and amortization of property 3,911 1,127 5,038 Capital expenditures 3,256 667 3,923 December 31, 2017 Net sales $ 555,607 $ 111,580 $ 667,187 Operating income for reportable segments 52,642 13,766 66,408 Depreciation and amortization of property 3,802 279 4,081 Capital expenditures 4,822 302 5,124 Six Months Ended Service Center Based Distribution Fluid Power & Flow Control Total December 31, 2018 Net sales $ 1,193,347 $ 511,206 $ 1,704,553 Operating income for reportable segments 121,126 60,123 181,249 Assets used in business 1,223,926 1,066,062 2,289,988 Depreciation and amortization of property 7,822 2,197 10,019 Capital expenditures 5,700 1,396 7,096 December 31, 2017 Net sales $ 1,124,520 $ 223,368 $ 1,347,888 Operating income for reportable segments 111,889 26,968 138,857 Assets used in business 1,199,704 206,178 1,405,882 Depreciation and amortization of property 7,471 537 8,008 Capital expenditures 10,370 1,090 11,460
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows: Three Months Ended Six Months Ended December 31, December 31, 2018 2017 2018 2017 Operating income for reportable segments $ 87,560 $ 66,408 $ 181,249 $ 138,857 Adjustment for: Intangible amortization—Service Center Based Distribution 3,973 4,425 7,991 8,937 Intangible amortization—Fluid Power & Flow Control 7,018 1,270 13,921 2,589 Corporate and other expense, net 15,604 13,998 32,033 28,779 Total operating income 60,965 46,715 127,304 98,552 Interest expense, net 9,578 2,139 20,054 4,305 Other expense (income), net 946 (20 ) 707 (731 ) Income before income taxes $ 50,441 $ 44,596 $ 106,543 $ 94,978

Other (Income) Expense, Net (Ta

Other (Income) Expense, Net (Tables)	6 Months Ended
	Dec. 31, 2018
Other Income and Expenses [Abstract]
Other (income) expense, net	Other expense (income), net consists of the following: Three Months Ended Six Months Ended December 31, December 31, 2018 2017 2018 2017 Unrealized loss (gain) on assets held in rabbi trust for a non-qualified deferred compensation plan $ 1,179 $ (417 ) $ 837 $ (784 ) Foreign currency transactions loss (gain) 7 260 34 (51 ) Net other periodic post-employment (benefits) costs (22 ) 61 (44 ) 121 Other, net (218 ) 76 (120 ) (17 ) Total other expense (income), net $ 946 $ (20 ) $ 707 $ (731 )

Basis of Presentation Change in

Basis of Presentation Change in Accounting Principle (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2018
Accounting Standards Update 2014-09 [Member] | Retained Earnings [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification		$ 3,429
Accounting Standards Update 2016-16 [Member] | Retained Earnings [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 424
Accounting Standards Update 2016-16 [Member] | Other Noncurrent Assets [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	587
Accounting Standards Update 2016-16 [Member] | Prepaid Expenses and Other Current Assets [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 1,011

Revenue Recognition Revenue R_4

Revenue Recognition Revenue Recognition (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2018	Jul. 01, 2018
Contract Assets	$ 9,324
Contract Assets Period $ Change	$ (4,499)
Contract Assets Period % Change	(32.50%)
Accounting Standards Update 2014-09 [Member]
Contract Assets		$ 13,823

Revenue Recognition Revenue R_5

Revenue Recognition Revenue Recognition (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Net sales	$ 840,038	$ 667,187	$ 1,704,553	$ 1,347,888
Cost of sales	597,178	478,827	1,209,840	967,104
Gross profit	242,860	188,360	494,713	380,784
Selling, distribution and administrative expense, including depreciation	181,895	141,645	367,409	282,232
Operating income	60,965	46,715	127,304	98,552
Interest expense, net	9,578	2,139	20,054	4,305
Other expense, net	946	(20)	707	(731)
Income before income taxes	50,441	44,596	106,543	94,978
Income tax expense	11,724	13,646	18,888	30,307
Net income	38,717	$ 30,950	87,655	$ 64,671
Other current assets	44,041		44,041		$ 32,990
Inventories	445,881		445,881		422,069
Other assets	21,901		21,901		23,788
Other current liabilities	60,164		60,164		83,112
Compensation and related benefits	56,882		56,882		73,370
Other liabilities	73,675		73,675		$ 81,720
Retained Earnings	889,915		889,915
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Net sales	841,043		1,708,870
Cost of sales	597,877		1,212,943
Gross profit	243,166		495,927
Selling, distribution and administrative expense, including depreciation	181,950		367,683
Operating income	61,216		128,244
Interest expense, net	9,578		20,054
Other expense, net	946		707
Income before income taxes	50,692		107,483
Income tax expense	11,788		19,124
Net income	38,904		88,359
Other current assets	34,717		34,717
Inventories	457,711		457,711
Other assets	22,093		22,093
Other current liabilities	66,790		66,790
Compensation and related benefits	56,426		56,426
Other liabilities	72,928		72,928
Retained Earnings	887,190		887,190
Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Net sales	1,005		4,317
Cost of sales	699		3,103
Gross profit	306		1,214
Selling, distribution and administrative expense, including depreciation	55		274
Operating income	251		940
Interest expense, net	0		0
Other expense, net	0		0
Income before income taxes	251		940
Income tax expense	64		236
Net income	187		704
Other current assets	(9,324)		(9,324)
Inventories	11,830		11,830
Other assets	192		192
Other current liabilities	6,626		6,626
Compensation and related benefits	(456)		(456)
Other liabilities	(747)		(747)
Retained Earnings	$ (2,725)		$ (2,725)

Revenue Recognition Revenue R_6

Revenue Recognition Revenue Recognition (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Net sales	$ 840,038	$ 667,187	$ 1,704,553	$ 1,347,888
UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	727,197	557,031	1,474,620	1,124,576
CANADA
Disaggregation of Revenue [Line Items]
Net sales	68,569	67,479	137,676	134,296
Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	44,272	42,677	92,257	89,016
Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	589,298	555,607	1,193,347	1,124,520
Service Center Based Distribution Segment [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	479,335	448,819	970,109	907,815
Service Center Based Distribution Segment [Member] | CANADA
Disaggregation of Revenue [Line Items]
Net sales	68,569	67,479	137,676	134,296
Service Center Based Distribution Segment [Member] | Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	41,394	39,309	85,562	82,409
Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	250,740	111,580	511,206	223,368
Fluid Power & Flow Control Segment [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	247,862	108,212	504,511	216,761
Fluid Power & Flow Control Segment [Member] | CANADA
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Fluid Power & Flow Control Segment [Member] | Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 2,878	$ 3,368	$ 6,695	$ 6,607

Revenue Recognition Revenue R_7

Revenue Recognition Revenue Recognition (Details 3)	3 Months Ended	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2018
General Industry [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	38.90%	38.40%
General Industry [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	35.90%	35.80%
General Industry [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	46.10%	44.90%
Industrial Machinery [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	12.90%	12.90%
Industrial Machinery [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	9.70%	9.50%
Industrial Machinery [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	20.30%	20.80%
Metals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	12.10%	11.10%
Metals [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	13.60%	12.30%
Metals [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	8.50%	8.20%
Food [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	7.80%	8.10%
Food [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	10.10%	10.40%
Food [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.70%	2.60%
Oil & Gas [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	7.80%	7.60%
Oil & Gas [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	10.20%	9.90%
Oil & Gas [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.10%	2.10%
Chem/Petrochem [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	6.20%	6.70%
Chem/Petrochem [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.90%	3.20%
Chem/Petrochem [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	14.00%	14.80%
Forest Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	5.90%	6.40%
Forest Products [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	7.10%	8.00%
Forest Products [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.90%	2.80%
Cement & Aggregate [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	4.50%	4.80%
Cement & Aggregate [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	6.00%	6.40%
Cement & Aggregate [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	0.90%	1.00%
Transportation [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.90%	4.00%
Transportation [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	4.50%	4.50%
Transportation [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.50%	2.80%
Total
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100.00%	100.00%
Total | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100.00%	100.00%
Total | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100.00%	100.00%

Revenue Recognition Revenue R_8

Revenue Recognition Revenue Recognition (Details 4)	3 Months Ended	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100.00%	100.00%
Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	24.40%	23.90%
Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	21.00%	21.00%
General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	19.60%	20.20%
Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	18.80%	18.30%
Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	16.20%	16.60%
Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100.00%	100.00%
Service Center Based Distribution Segment [Member] | Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	34.30%	33.50%
Service Center Based Distribution Segment [Member] | Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	13.70%	13.80%
Service Center Based Distribution Segment [Member] | General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	25.40%	26.60%
Service Center Based Distribution Segment [Member] | Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	26.60%	26.10%
Service Center Based Distribution Segment [Member] | Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	0.00%	0.00%
Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100.00%	100.00%
Fluid Power & Flow Control Segment [Member] | Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	1.30%	1.40%
Fluid Power & Flow Control Segment [Member] | Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	38.10%	37.90%
Fluid Power & Flow Control Segment [Member] | General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	5.80%	5.20%
Fluid Power & Flow Control Segment [Member] | Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	0.40%	0.20%
Fluid Power & Flow Control Segment [Member] | Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	54.40%	55.30%

Revenue Recognition Revenue R_9

Revenue Recognition Revenue Recognition Textuals (Details 5) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2018	Jul. 01, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract with Customer, Asset, Net	$ 9,324
Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract with Customer, Asset, Net		$ 13,823
Retained Earnings [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 3,429

Business Combinations Busines_2

Business Combinations Business Combinations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2018	Jan. 31, 2018	Jun. 30, 2017
Goodwill	$ 646,643	$ 651,206		$ 206,135
FCX Performance, Inc [Member] [Member]
Cash			$ 11,141
Accounts receivable			80,836
Inventories			44,669
Other current assets			1,657
Property			8,282
Identifiable intangible assets			305,420
Goodwill			440,143
Other assets			775
Total assets acquired			892,923
Accounts payable and accrued liabilities			54,012
Other liabilities			2,677
Deferred tax liabilities			54,453
Net assets acquired			781,781
Purchase price			$ 784,281
Working Capital Adjustments	(2,500)
Total Consideration	$ 781,781

Business Combinations Busines_3

Business Combinations Business Combinations (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Operating income	$ 60,965	$ 46,715	$ 127,304	$ 98,552
FCX Performance, Inc [Member] [Member]
Business Acquisition [Line Items]
Net income	8,463		17,683
FCX Performance, Inc [Member] [Member] | Sales [Member]
Business Acquisition [Line Items]
Net sales	138,254		284,740
FCX Performance, Inc [Member] [Member] | Operating Income (Loss) [Member]
Business Acquisition [Line Items]
Operating income	$ 10,906		$ 22,458

Business Combinations Busines_4

Business Combinations Business Combinations (Details 2) - FCX Performance, Inc [Member] [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2017
Business Acquisition [Line Items]
Net income	$ 26,287	$ 58,127
Diluted net income per share	$ 0.67	$ 1.48
Sales [Member]
Business Acquisition [Line Items]
Net sales	$ 789,407	$ 1,565,890
Operating Income (Loss) [Member]
Business Acquisition [Line Items]
Operating income	$ 46,640	$ 102,045

Business Combinations Busines_5

Business Combinations Business Combinations Textuals (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018	Nov. 02, 2018	Jul. 01, 2018	Jan. 31, 2018	Jul. 03, 2017
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000
Long-term Debt [Member]
Debt Instrument, Face Amount	780,000
Fluid Power Sales [Member]
Total Consideration	8,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				$ 4,104
Intangible Assets, Net (Including Goodwill)				3,996
Funding from Holdback Payments				$ 1,200
Debt Instrument, Interest Rate, Stated Percentage				1.50%
FCX Performance, Inc [Member] [Member]
Total Consideration			$ 781,781
Business Acquisition, Percentage of Voting Interests Acquired						100.00%
Business Acquisition, Goodwill, Expected Tax Deductible Amount	161,452
DICOFASA [Member] [Domain]
Total Consideration		$ 5,920
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net							$ 3,395
Intangible Assets, Net (Including Goodwill)							2,525
Funding from Holdback Payments	219						$ 906
Debt Instrument, Interest Rate, Stated Percentage					1.50%
Business Acquisition, Percentage of Voting Interests Acquired							100.00%
DICOFASA [Member] [Domain] | Other Liabilities [Member]
Funding from Holdback Payments	$ 634

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2018	Jun. 30, 2018
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	$ 646,643	$ 206,135
Goodwill acquired/adjusted during the period	4,975	441,689
Other, primarily currency translation	(412)	(1,181)
Balance at December 31, 2018	651,206	646,643
Service Center Based Distribution Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	203,084	201,740
Goodwill acquired/adjusted during the period	0	2,525
Other, primarily currency translation	(412)	(1,181)
Balance at December 31, 2018	202,672	203,084
Fluid Power Businesses Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	443,559	4,395
Goodwill acquired/adjusted during the period	4,975	439,164
Other, primarily currency translation	0	0
Balance at December 31, 2018	$ 448,534	$ 443,559

Goodwill and Intangibles (Det_2

Goodwill and Intangibles (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Amortization details resulting from business combinations
Amount	$ 590,893	$ 592,816
Accumulated Amortization	177,800	156,869
Net Book Value	413,093	435,947
Customer relationships
Amortization details resulting from business combinations
Amount	463,998	465,691
Accumulated Amortization	141,565	125,009
Net Book Value	322,433	340,682
Trade names
Amortization details resulting from business combinations
Amount	112,757	112,939
Accumulated Amortization	26,179	22,454
Net Book Value	86,578	90,485
Vendor relationships
Amortization details resulting from business combinations
Amount	11,376	11,425
Accumulated Amortization	7,758	7,382
Net Book Value	3,618	4,043
Non-competition agreements
Amortization details resulting from business combinations
Amount	2,762	2,761
Accumulated Amortization	2,298	2,024
Net Book Value	$ 464	$ 737

Goodwill and Intangibles (Det_3

Goodwill and Intangibles (Details Textuals) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2018USD ($)
Goodwill [Line Items]
Number of Reporting Units	6
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	30.00%
Goodwill and Intangibles (Textuals) [Abstract]
Amortization expense for the remainder of 2019		$ 22,200
Amortization expense for 2020		42,600
Amortization expense for 2021		40,200
Amortization expense for 2022		37,800
Amortization expense for 2023		35,400
Amortization expense for 2024		31,000
Service Center Based Distribution Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses		64,794
Fluid Power Businesses Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses		$ 36,605

Debt (Details)

Debt (Details) - USD ($)	6 Months Ended
	Dec. 31, 2018	Jun. 30, 2018
Long-term Debt Instruments [Line Items]
Line of Credit Facility, Amount Outstanding		$ 19,500,000
Letters of Credit Outstanding, Amount	$ 2,698,000
Debt Issuance Costs, Gross, Current	551,000
Debt Issuance Cost, Gross, Noncurrent	1,552,000	1,807,000
Revolving Credit Facility [Member]
Long-term Debt Instruments [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	250,000,000
Letters of Credit Outstanding, Amount	4,674,000	3,625,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 245,326,000	$ 226,875,000
Debt, Weighted Average Interest Rate		3.93%
Revolving Credit Facility [Member] | Minimum [Member]
Long-term Debt Instruments [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.10%
Revolving Credit Facility [Member] | Maximum [Member]
Long-term Debt Instruments [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.20%
Long-term Debt [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Face Amount	$ 780,000,000
Long-term Debt	$ 623,375,000	$ 775,125,000
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	4.31%	4.13%
Asset-backed Securities, Securitized Loans and Receivables [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	3.22%
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement	$ 175,000,000
Debt Instrument, Fee	0.009
Prudential Facility [Domain]
Long-term Debt Instruments [Line Items]
Debt Instrument, Face Amount	170,000,000
Debt Instrument, Unused Borrowing Capacity, Amount	50,000,000
Prudential Facility - Series C [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	$ 120,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.19%
Prudential Facility - Series D [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	$ 50,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.21%
State of Ohio Assumed Debt [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Face Amount	$ 2,359,000
Long-term Debt	$ 1,322,000	$ 1,438,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.50%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Level 1 [Member] | Recurring [Member]
Fair Value Measurements (Textuals) [Line Items]
Marketable securities	$ 9,730	$ 10,318

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	35.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	$ 5,780	$ 13,634
Tax Cuts and Jobs Act - Transition tax amount		3,497		$ 3,877
Tax Cuts and Jobs Act - Foreign Tax credit		577
Tax Cuts and Jobs Act - Adjustment		375
Tax Cuts and Jobs Act - Net Tax Benefit	$ 5,977	$ 18,083

Shareholders' Equity Accumulate

Shareholders' Equity Accumulated Other Comprehensive Income (Loss) [Table] (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period			$ (90,223)
Other comprehensive income (loss), Unrealized gain (loss) on securities available for sale	$ 0	$ 17	0	$ 14
Amounts reclassified from accumulated other comprehensive (loss) income	(57)	(14)	(113)	(18)
Net current-period other comprehensive income (loss), net of taxes, Foreign Currency Translation Adjustment	(9,699)	(6,067)	(4,246)	2,092
Net current-period other comprehensive income (loss), net of taxes, Securities Available for Sale			(50)	0
Net current-period other comprehensive income (loss), net of taxes, Total accumulated other comprehensive income (loss)	(9,756)	(6,064)	(4,409)	2,088
Balance at end of period	(94,632)		(94,632)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(82,521)	(71,288)	(87,974)	(79,447)
Other comprehensive income (loss), Foreign Currency Translation Adjustment	(9,699)	(6,067)	(4,246)	2,092
Amounts reclassified from accumulated other comprehensive (loss) income	0	0	0	0
Net current-period other comprehensive income (loss), net of taxes, Foreign Currency Translation Adjustment	(9,699)	(6,067)	(4,246)	2,092
Net current-period other comprehensive income (loss), net of taxes, Securities Available for Sale			0
Balance at end of period	(92,220)	(77,355)	(92,220)	(77,355)
Unrealized gain (loss) on securities available for sale [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		18	50	21
Other comprehensive income (loss), Unrealized gain (loss) on securities available for sale		17	0	14
Amounts reclassified from accumulated other comprehensive (loss) income		0	0	0
Net current-period other comprehensive income (loss), net of taxes, Securities Available for Sale		17	(50)	14
Balance at end of period	0	35	0	35
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(2,355)	(2,280)	(2,299)	(2,276)
Other comprehensive income (loss), Postemployment Benefits,	0	0	0	0
Net current-period other comprehensive income (loss), net of taxes, Securities Available for Sale			0
Net current-period other comprehensive income (loss), net of taxes, Postemployment benefits	(57)	(14)	(113)	(18)
Balance at end of period	(2,412)	(2,294)	(2,412)	(2,294)
Total Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(84,876)	(73,550)	(90,223)	(81,702)
Other comprehensive income (loss), Total accumulated other comprehensive income (loss)	(9,699)	(6,050)	(4,246)	2,106
Net current-period other comprehensive income (loss), net of taxes, Securities Available for Sale			(50)
Net current-period other comprehensive income (loss), net of taxes, Total accumulated other comprehensive income (loss)	(9,756)	(6,064)	(4,409)	2,088
Balance at end of period	$ (94,632)	$ (79,614)	$ (94,632)	$ (79,614)

Shareholders' Equity (Details 1

Shareholders' Equity (Details 1 ) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Other comprehensive income (loss):
Foreign currency translation adjustments, before Tax	$ (10,270)	$ (6,031)	$ (4,556)	$ 2,128
Foreign currency translation adjustments, Tax	(571)	36	(310)	36
Foreign currency translation adjustments, Net of Tax	(9,699)	(6,067)	(4,246)	2,092
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs, before Tax	(78)	(22)	(153)	(36)
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs, Tax	(21)	(8)	(40)	(18)
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs, Net of Tax	(57)	(14)	(113)	(18)
Unrealized (loss) gain on investment securities available for sale, before Tax	0	46	0	42
Unrealized (loss) gain on investment securities available for sale, Tax	0	29	0	28
Unrealized (loss) gain on investment securities available for sale	0	17	0	14
Cumulative effect of adopting accounting standard, before tax	0	0	(50)	0
Cumulative effect of adopting accounting standard, tax			0	0
Cumulative effect of adopting accounting standard, Net of Tax			(50)	0
Other comprehensive income, before tax	(10,348)	(6,007)	(4,759)	2,134
Other Comprehensive Income (Loss), Tax	(592)	57	(350)	46
Other comprehensive income, net of tax	$ (9,756)	$ (6,064)	$ (4,409)	$ 2,088

Shareholders' Equity Shareholde

Shareholders' Equity Shareholders Equity Details Textuals (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	242	234	242	274

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits [Member]
Components of net periodic cost:
Service cost	$ 11	$ 31	$ 22	$ 62
Interest cost	174	184	348	367
Expected return on plan assets	(133)	(119)	(266)	(237)
Recognized net actuarial loss (gain)	46	106	92	212
Amortization of prior service cost	0	7	0	14
Net periodic cost (benefit)	98	209	196	418
Postretirement Health Coverage [Member]
Components of net periodic cost:
Service cost	4	4	8	9
Interest cost	13	13	26	26
Expected return on plan assets	0	0	0	0
Recognized net actuarial loss (gain)	(30)	(38)	(60)	(77)
Amortization of prior service cost	(92)	(92)	(184)	(184)
Net periodic cost (benefit)	$ (105)	$ (113)	$ (210)	$ (226)

Benefit Plans (Details Textuals

Benefit Plans (Details Textuals) $ in Thousands	3 Months Ended
	Dec. 31, 2018USD ($)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to benefit plan	$ 3,100
Expected contribution to benefit plans for remainder of fiscal year	200
Postretirement Health Coverage [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to benefit plan	110
Expected contribution to benefit plans for remainder of fiscal year	$ 110

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net sales	$ 840,038	$ 667,187	$ 1,704,553	$ 1,347,888
Operating income for reportable segments	60,965	46,715	127,304	98,552
Depreciation and amortization of property			10,019	8,008
Assets used in business	2,289,988	1,405,882	2,289,988	1,405,882	$ 2,285,741
Capital expenditures			7,096	11,460
Service Center Based Distribution [Member]
Segment Reporting Information [Line Items]
Net sales	589,298	555,607	1,193,347	1,124,520
Operating income for reportable segments	58,317	52,642	121,126	111,889
Depreciation and amortization of property	3,911	3,802	7,822	7,471
Assets used in business	1,223,926	1,199,704	1,223,926	1,199,704
Capital expenditures	3,256	4,822	5,700	10,370
Fluid Power Businesses [Member]
Segment Reporting Information [Line Items]
Net sales	250,740	111,580	511,206	223,368
Operating income for reportable segments	29,243	13,766	60,123	26,968
Depreciation and amortization of property	1,127	279	2,197	537
Assets used in business	1,066,062	206,178	1,066,062	206,178
Capital expenditures	667	302	1,396	1,090
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	840,038	667,187	1,704,553	1,347,888
Operating income for reportable segments	87,560	66,408	$ 181,249	$ 138,857
Depreciation and amortization of property	5,038	4,081
Capital expenditures	$ 3,923	$ 5,124

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Total operating income	$ 60,965	$ 46,715	$ 127,304	$ 98,552
Adjustment for:
Intangible amortization			21,912	11,526
Corporate and other expense, net	15,604	13,998	32,033	28,779
Interest expense, net	9,578	2,139	20,054	4,305
Other expense (income), net	946	(20)	707	(731)
Income before income taxes	50,441	44,596	106,543	94,978
Operating Segments [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Total operating income	87,560	66,408	181,249	138,857
Service Center Based Distribution [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Total operating income	58,317	52,642	121,126	111,889
Adjustment for:
Intangible amortization	3,973	4,425	7,991	8,937
Fluid Power Businesses [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Total operating income	29,243	13,766	60,123	26,968
Adjustment for:
Intangible amortization	$ 7,018	$ 1,270	$ 13,921	$ 2,589

Segment Information (Details Te

Segment Information (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net sales	$ 840,038	$ 667,187	$ 1,704,553	$ 1,347,888
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ 6,769	$ 5,664	$ 13,685	$ 11,755

Other (Income) Expense, Net (De

Other (Income) Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Other Income and Expenses [Abstract]
Unrealized loss (gain) on assets held in rabbi trust for a non-qualified deferred compensation plan	$ 1,179	$ (417)	$ 837	$ (784)
Foreign currency transactions loss (gain)	7	260	34	(51)
Net other periodic post-employment (benefits) costs	(22)	61	(44)	121
Other, net	(218)	76	(120)	(17)
Total other expense (income), net	$ 946	$ (20)	$ 707	$ (731)