Applied Industrial (AIT) 10-Q 30 Apr 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2019	Apr. 19, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	APPLIED INDUSTRIAL TECHNOLOGIES INC
Entity Central Index Key	0000109563
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		38,593,360

Condensed Statements of Consoli

Condensed Statements of Consolidated Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 885,443	$ 827,665	$ 2,589,996	$ 2,175,553
Cost of sales	629,884	588,141	1,839,724	1,555,245
Gross profit	255,559	239,524	750,272	620,308
Selling, distribution and administrative expense, including depreciation	189,456	183,080	556,865	465,312
Intangible impairment	31,594	0	31,594	0
Operating income	34,509	56,444	161,813	154,996
Interest expense, net	9,947	8,216	30,001	12,521
Other income, net	(1,256)	(1,291)	(549)	(2,022)
Income before income taxes	25,818	49,519	132,361	144,497
Income tax expense	9,283	12,927	28,171	43,234
Net income	$ 16,535	$ 36,592	$ 104,190	$ 101,263
Net income per share - basic	$ 0.43	$ 0.95	$ 2.69	$ 2.61
Net income per share - diluted	$ 0.42	$ 0.93	$ 2.66	$ 2.58
Weighted average common shares outstanding for basic computation	38,643	38,674	38,701	38,775
Dilutive effect of potential common shares	396	612	521	497
Weighted average common shares outstanding for diluted computation	39,039	39,286	39,222	39,272

Condensed Statements of Conso_2

Condensed Statements of Consolidated Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Net income per the condensed statements of consolidated income	$ 16,535	$ 36,592	$ 104,190	$ 101,263
Other comprehensive (loss) income, before tax:
Foreign currency translation adjustments	2,945	(353)	(1,611)	1,775
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs	(77)	(19)	(230)	(55)
Unrealized (loss) gain on investment securities available for sale	0	(3)	0	39
Cumulative effect of adopting accounting standard	0	0	(50)	0
Unrealized loss on cash flow hedge	(6,941)	0	(6,941)	0
Reclassification of interest from cash flow hedge into interest expense	85	0	85	0
Total of other comprehensive (loss) income, before tax	(3,988)	(375)	(8,747)	1,759
Income tax (benefit) expense related to items of other comprehensive (loss) income	(1,626)	11	(1,976)	57
Other comprehensive (loss) income, net of tax	(2,362)	(386)	(6,771)	1,702
Comprehensive income, net of tax	$ 14,173	$ 36,206	$ 97,419	$ 102,965

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Current assets
Cash and cash equivalents	$ 47,367	$ 54,150
Accounts receivable, less allowances of $13,055 and $13,566	574,468	548,811
Inventories	454,555	422,069
Other current assets	49,380	32,990
Total current assets	1,125,770	1,058,020
Property, less accumulated depreciation of $177,383 and $175,300	123,240	121,343
Identifiable intangibles, net	378,844	435,947
Goodwill	661,195	646,643
Other assets	33,761	23,788
TOTAL ASSETS	2,322,810	2,285,741
Current liabilities
Accounts payable	240,339	256,886
Current portion of long term debt	44,163	19,183
Compensation and related benefits	69,324	73,370
Other current liabilities	62,731	83,112
Total current liabilities	416,557	432,551
Long-term debt	937,536	944,522
Postemployment benefits	8,372	11,985
Other liabilities	77,497	81,720
TOTAL LIABILITIES	1,439,962	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; 38,593 and 38,703 outstanding, respectively	10,000	10,000
Additional paid-in capital	171,734	169,383
Retained Earnings	1,213,314	1,129,678
Treasury shares—at cost (15,620 and 15,510 shares, respectively)	(415,206)	(403,875)
Accumulated other comprehensive loss	(96,994)	(90,223)
TOTAL SHAREHOLDERS’ EQUITY	882,848	814,963
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,322,810	$ 2,285,741

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Current Assets:
Accounts Receivable, less allowances	$ 13,055	$ 13,566
Noncurrent Assets:
Property, less accumulated depreciation	$ 177,383	$ 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	38,593,000	38,703,000
Treasury shares	15,620,000	15,510,000

Condensed Statements of Conso_3

Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities
Net income	$ 104,190	$ 101,263
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property	15,045	12,721
Amortization of intangibles	31,823	21,326
Intangible impairment	31,594	0
Unrealized foreign exchange transactions gain	40	(440)
Amortization of stock options and appreciation rights	1,831	1,479
Gain on sale of property	(258)	(246)
Other share-based compensation expense	3,716	3,481
Changes in operating assets and liabilities, net of acquisitions	(106,367)	(91,642)
Other, net	(4,448)	(64)
Net Cash provided by Operating Activities	77,166	47,878
Cash Flows from Investing Activities
Acquisition of businesses, net of cash acquired	(37,526)	(778,149)
Property purchases	(11,711)	(17,898)
Proceeds from property sales	649	714
Other	391	0
Net Cash used in Investing Activities	(48,197)	(795,333)
Cash Flows from Financing Activities
Net (repayments) borrowings under revolving credit facility	(500)	87,500
Long-term debt borrowings	175,000	780,000
Long-term debt repayments	156,803	120,488
Payment of debt issuance costs	(775)	(3,298)
Purchases of treasury shares	(11,158)	(22,778)
Dividends paid	(35,254)	(34,190)
Acquisition holdback payments	2,609	318
Exercise of stock options and appreciation rights	0	5
Taxes paid for shares withheld for equity awards	(3,371)	(1,498)
Net Cash (used in) provided by Financing Activities	(35,470)	684,935
Effect of Exchange Rate Changes on Cash	282	(986)
Decrease in Cash and Cash Equivalents	(6,783)	(61,534)
Cash and Cash Equivalents at Beginning of Period	54,150	105,057
Cash and Cash Equivalents at End of Period	$ 47,367	$ 43,523

Condensed Statements of Shareho

Condensed Statements of Shareholder's Equity Condensed Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]Stock Options and Stock Appreciation Rights [ Member]	Additional Paid-in Capital [Member]Performance Shares [Member]	Additional Paid-in Capital [Member]Restricted Stock Units (RSUs) [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Treasury Stock [Member]Stock Options and Stock Appreciation Rights [ Member]	Treasury Stock [Member]Performance Shares [Member]	Treasury Stock [Member]Restricted Stock Units (RSUs) [Member]	Total Accumulated Other Comprehensive Income (Loss) [Member]	Parent [Member]	Parent [Member]Stock Options and Stock Appreciation Rights [ Member]	Parent [Member]Performance Shares [Member]	Parent [Member]Restricted Stock Units (RSUs) [Member]
Beginning balance, shares at Jun. 30, 2017		39,041
Beginning balance at Jun. 30, 2017		$ 10,000	$ 164,655				$ 1,033,751	$ (381,448)				$ (81,702)	$ 745,256
Net income	$ 33,721												33,721
Other comprehensive (loss) income, net of tax												8,152	8,152
Cash dividends							(2)						(2)
Purchases of common stock for treasury, shares		(248)
Purchases of common stock for treasury								(13,761)					(13,761)
Exercise of stock appreciation rights and options, shares		1
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units				$ (80)	$ (273)	$ (616)
Exercise of stock appreciation rights and options									$ 14
Performance share awards, shares		5
Performance share awards										$ (24)
Restricted stock units, shares		13
Restricted stock units											$ (57)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units														$ (66)	$ (297)	$ (673)
Compensation expense			778	577									778	577
Other, shares		2
Other			(43)				3	23					(17)
Ending balance, shares at Sep. 30, 2017		38,814
Ending balance at Sep. 30, 2017		$ 10,000	164,998				1,067,473	(395,253)				(73,550)	773,668
Beginning balance, shares at Jun. 30, 2017		39,041
Beginning balance at Jun. 30, 2017		$ 10,000	164,655				1,033,751	(381,448)				(81,702)	745,256
Net income	101,263
Other comprehensive (loss) income, net of tax	1,702											1,702
Ending balance, shares at Mar. 31, 2018		38,696
Ending balance at Mar. 31, 2018		$ 10,000	167,848				1,112,136	(403,956)				(80,000)	806,028
Beginning balance, shares at Sep. 30, 2017		38,814
Beginning balance at Sep. 30, 2017		$ 10,000	164,998				1,067,473	(395,253)				(73,550)	773,668
Net income	30,950												30,950
Other comprehensive (loss) income, net of tax												(6,064)	(6,064)
Cash dividends							(11,246)						(11,246)
Purchases of common stock for treasury, shares		(145)
Purchases of common stock for treasury								(9,017)					(9,017)
Exercise of stock appreciation rights and options, shares		3
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units				(171)		(54)
Exercise of stock appreciation rights and options									(26)
Restricted stock units, shares		2
Restricted stock units											8
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units														(197)		(46)
Compensation expense			799	436									799	436
Other							(21)						(21)
Ending balance, shares at Dec. 31, 2017		38,674
Ending balance at Dec. 31, 2017		$ 10,000	166,008				1,087,156	(404,288)				(79,614)	779,262
Net income	36,592												36,592
Other comprehensive (loss) income, net of tax	$ (386)											(386)	(386)
Cash dividends							(11,637)						(11,637)
Exercise of stock appreciation rights and options, shares		8
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units				(169)
Exercise of stock appreciation rights and options									(18)
Restricted stock units											(3)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units														(187)		(3)
Compensation expense			1,904	466									1,904	466
Other, shares		14
Other			(361)				25	353					17
Ending balance, shares at Mar. 31, 2018		38,696
Ending balance at Mar. 31, 2018		$ 10,000	167,848				1,112,136	(403,956)				(80,000)	806,028
Beginning balance, shares at Jun. 30, 2018	38,703	38,703
Beginning balance at Jun. 30, 2018	$ 814,963	$ 10,000	169,383				1,129,678	(403,875)				(90,223)	814,963
Net income	$ 48,938												48,938
Other comprehensive (loss) income, net of tax												5,347	5,347
Cumulative effect of adopting accounting standards | Adjustments for New Accounting Pronouncement [Member]							3,056						3,056
Cash dividends							(13)						(13)
Exercise of stock appreciation rights and options, shares		17
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units				(855)	$ (844)	(760)
Exercise of stock appreciation rights and options									(210)
Performance share awards, shares		18
Performance share awards										$ (301)
Restricted stock units, shares		16
Restricted stock units											(198)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units														(1,065)	$ (1,145)	(958)
Compensation expense			1,043	651									1,043	651
Other							24	(35)					(11)
Ending balance, shares at Sep. 30, 2018		38,754
Ending balance at Sep. 30, 2018		$ 10,000	168,618				1,181,683	(404,619)				(84,876)	870,806
Beginning balance, shares at Jun. 30, 2018	38,703	38,703
Beginning balance at Jun. 30, 2018	$ 814,963	$ 10,000	169,383				1,129,678	(403,875)				(90,223)	814,963
Net income	104,190
Other comprehensive (loss) income, net of tax	$ (6,771)											(6,771)
Ending balance, shares at Mar. 31, 2019	38,593	38,593
Ending balance at Mar. 31, 2019	$ 882,848	$ 10,000	171,734				1,213,314	(415,206)				(96,994)	882,848
Beginning balance, shares at Sep. 30, 2018		38,754
Beginning balance at Sep. 30, 2018		$ 10,000	168,618				1,181,683	(404,619)				(84,876)	870,806
Net income	38,717												38,717
Other comprehensive (loss) income, net of tax												(9,756)	(9,756)
Cash dividends							(11,651)						(11,651)
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units				(7)		$ (140)
Exercise of stock appreciation rights and options									1
Restricted stock units, shares		3
Restricted stock units											$ 31
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units														(6)		$ (109)
Compensation expense			1,308	606									1,308	606
Other							(1)	1					0
Ending balance, shares at Dec. 31, 2018		38,757
Ending balance at Dec. 31, 2018		$ 10,000	170,385				1,208,748	(404,586)				(94,632)	889,915
Net income	16,535												16,535
Other comprehensive (loss) income, net of tax	$ (2,362)											(2,362)	(2,362)
Cash dividends							(11,979)						(11,979)
Purchases of common stock for treasury, shares		(192)
Purchases of common stock for treasury								(11,158)					(11,158)
Exercise of stock appreciation rights and options, shares		13
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units				(197)
Exercise of stock appreciation rights and options									$ 149
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units														(48)
Compensation expense			1,365	$ 574									1,365	$ 574
Other, shares		15
Other			(393)				10	389					6
Ending balance, shares at Mar. 31, 2019	38,593	38,593
Ending balance at Mar. 31, 2019	$ 882,848	$ 10,000	$ 171,734				$ 1,213,314	$ (415,206)				$ (96,994)	$ 882,848

Condensed Statements of Share_2

Condensed Statements of Shareholder's Equity Condensed Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended						9 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2019	Mar. 31, 2018
Cash Dividends per Common Share	$ 0.31	$ 0.30	$ 0.30	$ 0.30	$ 0.29	$ 0.29	$ 0.91	$ 0.88

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the financial position of Applied Industrial Technologies, Inc. (the “Company”, or “Applied”) as of March 31, 2019 , and the results of its operations and its cash flows for the nine month periods ended March 31, 2019 and 2018 , 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 nine month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the remainder of the fiscal year ending June 30, 2019 . 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. Derivatives The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting, and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. In accordance with the FASB’s fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. 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 March 31, 2019 . Targeted Improvements to Accounting for Hedging Activities In August 2017, the FASB issued its final standard on targeted improvements to accounting for hedging activities. This standard, issued as ASU 2017-12, expands and refines hedge accounting for both nonfinancial and financial risk components and aligns the recognition and presentation of the effects of the hedging instruments and the hedged item in the financial statements. This update is effective for annual and interim financial statement periods beginning after December 15, 2018. The Company early adopted ASU 2017-12 during the third quarter of fiscal 2019. 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 annual 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 and January 2019, the FASB issued ASU 2018-20 and ASU 2019-01, respectively, which further clarify the guidance. The Company has established a cross-functional team to evaluate the new standard and is in the process of 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	9 Months Ended
	Mar. 31, 2019
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: March 31, 2019 July 1, 2018 $ Change % Change Contract assets $ 8,732 $ 13,823 $ (5,091 ) (36.8 )% The following tables summarize the impacts of ASC 606 on the Company's condensed consolidated financial statements: Three Months Ended March 31, 2019 As Reported Adjustments Balances without adoption of ASC 606 Net sales $ 885,443 $ 569 $ 886,012 Cost of sales 629,884 369 630,253 Gross profit 255,559 200 255,759 Selling, distribution and administrative expense, including depreciation 189,456 57 189,513 Intangible Impairment 31,594 — 31,594 Operating income 34,509 143 34,652 Interest expense, net 9,947 — 9,947 Other income, net (1,256 ) — (1,256 ) Income before income taxes 25,818 143 25,961 Income tax expense 9,283 37 9,320 Net income $ 16,535 $ 106 $ 16,641 Nine Months Ended March 31, 2019 As Reported Adjustments Balances without adoption of ASC 606 Net sales $ 2,589,996 $ 4,886 $ 2,594,882 Cost of sales 1,839,724 3,472 1,843,196 Gross profit 750,272 1,414 751,686 Selling, distribution and administrative expense, including depreciation 556,865 331 557,196 Intangible Impairment 31,594 — 31,594 Operating income 161,813 1,083 162,896 Interest expense, net 30,001 — 30,001 Other income, net (549 ) — (549 ) Income before income taxes 132,361 1,083 133,444 Income tax expense 28,171 273 28,444 Net income $ 104,190 $ 810 $ 105,000 As of March 31, 2019 As Reported Adjustments Balances without adoption of ASC 606 Assets Other current assets $ 49,380 $ (8,732 ) $ 40,648 Inventories 454,555 11,461 466,016 Other assets 33,761 209 33,970 Liabilities Other current liabilities 62,731 6,649 69,380 Compensation and related benefits 69,324 (402 ) 68,922 Other liabilities 77,497 (692 ) 76,805 Equity Retained Earnings $ 882,848 $ (2,619 ) $ 880,229 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 nine months ended March 31, 2019 . Other countries consist of Mexico, Australia, New Zealand, and Singapore. Three Months Ended March 31, 2019 2018 Service Center Based Distribution Fluid Power & Flow Control Total Service Center Based Distribution Fluid Power & Flow Control Total Geographic Areas: United States $ 520,180 $ 251,922 772,102 $ 491,698 $ 222,197 $ 713,895 Canada 66,725 — 66,725 68,112 — $ 68,112 Other countries 43,533 3,083 46,616 41,404 4,254 $ 45,658 Total $ 630,438 $ 255,005 $ 885,443 $ 601,214 $ 226,451 $ 827,665 Nine Months Ended March 31, 2019 2018 Service Center Based Distribution Fluid Power & Flow Control Total Service Center Based Distribution Fluid Power & Flow Control Total Geographic Areas: United States $ 1,490,289 $ 756,433 2,246,722 $ 1,399,513 $ 438,958 $ 1,838,471 Canada 204,401 — 204,401 202,408 — $ 202,408 Other countries 129,095 9,778 138,873 123,813 10,861 $ 134,674 Total $ 1,823,785 $ 766,211 $ 2,589,996 $ 1,725,734 $ 449,819 $ 2,175,553 The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three and nine months ended March 31, 2019 : Three Months Ended March 31, 2019 Service Center Based Distribution Fluid Power & Flow Control Total General Industry 35.8 % 41.7 % 37.5 % Industrial Machinery 10.2 % 24.2 % 14.2 % Metals 12.0 % 8.6 % 11.0 % Food 10.5 % 2.5 % 8.2 % Oil & Gas 10.1 % 2.3 % 7.9 % Chem/Petrochem 2.8 % 12.8 % 5.7 % Forest Products 7.0 % 3.6 % 6.0 % Cement & Aggregate 6.9 % 1.0 % 5.2 % Transportation 4.7 % 3.3 % 4.3 % Total 100.0 % 100.0 % 100.0 % Nine Months Ended March 31, 2019 Service Center Based Distribution Fluid Power & Flow Control Total General Industry 35.9 % 44.0 % 38.2 % Industrial Machinery 9.7 % 22.0 % 13.3 % Metals 12.2 % 8.3 % 11.1 % Food 10.4 % 2.5 % 8.1 % Oil & Gas 10.0 % 2.2 % 7.7 % Chem/Petrochem 3.1 % 14.1 % 6.3 % Forest Products 7.6 % 3.0 % 6.3 % Cement & Aggregate 6.5 % 1.0 % 4.9 % Transportation 4.6 % 2.9 % 4.1 % 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 nine months ended March 31, 2019 : Three Months Ended March 31, 2019 Service Center Based Distribution Fluid Power & Flow Control Total Power Transmission 34.5 % 2.3 % 25.2 % Fluid Power 13.5 % 41.3 % 21.5 % General Maintenance; Hose Products 24.7 % 4.7 % 18.9 % Bearings, Linear & Seals 27.3 % 0.4 % 19.6 % Specialty Flow Control — % 51.3 % 14.8 % Total 100.0 % 100.0 % 100.0 % Nine Months Ended March 31, 2019 Service Center Based Distribution Fluid Power & Flow Control Total Power Transmission 33.8 % 1.7 % 24.3 % Fluid Power 13.7 % 39.0 % 21.2 % General Maintenance; Hose Products 26.0 % 5.0 % 19.7 % Bearings, Linear & Seals 26.5 % 0.3 % 18.8 % Specialty Flow Control — % 54.0 % 16.0 % Total 100.0 % 100.0 % 100.0 %

Business Combinations

Business Combinations	9 Months Ended
	Mar. 31, 2019
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 Acquisitions On March 4, 2019, the Company acquired substantially all of the net assets of MilRoc Distribution and Woodward Steel. MilRoc Distribution is an Oklahoma based distributor of oilfield specific products, namely pumps and valves, as well as equipment repair services and industrial parts to the oil & gas industry. Woodward Steel is an Oklahoma based steel supplier to the oil & gas and agriculture industries. MilRoc Distribution and Woodward Steel are both included in the Service Center Based Distribution segment. The purchase price for the acquisition was $35,000 , net tangible assets acquired were $17,981 , and intangible assets including goodwill was $17,019 based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase price includes acquisition holdback payments of $4,375 , which are included in other current liabilities and other liabilities on the condensed consolidated balance sheet as of March 31, 2019 , and which will be paid on the first, second, and third anniversaries of the acquisition date with interest at a fixed rate of 2.0% 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. 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 $4,156 , and goodwill was $3,944 based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment. 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 March 31, 2019 , 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 estimated fair values at the acquisition date. Cash $ 11,141 Accounts receivable 80,836 Inventories 44,669 Other current assets 1,753 Property 8,282 Identifiable intangible assets 305,420 Goodwill 440,012 Other assets 775 Total assets acquired $ 892,888 Accounts payable and accrued liabilities 54,035 Other liabilities 2,677 Deferred tax liabilities 54,395 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 nine months ended March 31, 2019 are as follows: Three Months Ended March 31, 2019 Nine Months Ended March 31, 2019 Net sales $ 132,595 $ 417,336 Operating income 6,659 29,117 Net income 5,115 22,798 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 March 31, Nine Months Ended March 31, Pro forma 2018 2018 Net sales $ 866,818 $ 2,432,709 Operating income 62,360 164,302 Net income 40,546 98,391 Diluted net income per share $ 1.03 $ 2.51 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 nine months ended March 31, 2019 . Due to changes in foreign currency exchange rates, the remaining balance is $645 , which is included in other current liabilities and other liabilities on the condensed consolidated balance sheet as of March 31, 2019 , 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	9 Months Ended
	Mar. 31, 2019
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 nine month period ended March 31, 2019 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 9,872 4,791 14,663 Other, primarily currency translation (111 ) — (111 ) Balance at March 31, 2019 $ 212,845 $ 448,350 $ 661,195 The Company has seven ( 7 ) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2019. The Company concluded that all of the reporting units’ fair value exceeded their carrying amounts by at least 20% as of January 1, 2019. 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 March 31, 2019 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: March 31, 2019 Amount Accumulated Amortization Net Book Value Finite-Lived Identifiable Intangibles: Customer relationships $ 422,077 $ 127,758 $ 294,319 Trade names 105,933 25,417 80,516 Vendor relationships 11,387 7,968 3,419 Non-competition agreements 2,702 2,112 590 Total Identifiable Intangibles $ 542,099 $ 163,255 $ 378,844 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. During the nine month period ended March 31, 2019 , the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows: Acquisition Cost Allocation Weighted-Average Life Customer relationships $ 5,956 20 Trade names 941 5 Non-competition agreements 250 5 Total Intangibles Acquired $ 7,147 17.5 Due to a sustained decline in economic conditions in the upstream oil and gas industry in western Canada, management also assessed the long-lived intangible assets related to the Reliance asset group in Canada for impairment during the third quarter of fiscal 2019 . The Reliance asset group is located in western Canada and primarily serves customers in the upstream oil and gas industry. The asset group carrying value exceeded the sum of the undiscounted cash flows, indicating impairment. The fair value of the asset group was then determined using the Income approach, and the analysis resulted in the measurement of a full impairment loss of $31,594 , which was recorded in the three months ended March 31, 2019 . Estimated future amortization expense by fiscal year (based on the Company’s identifiable intangible assets as of March 31, 2019 ) for the next five years is as follows: $10,200 for the remainder of 2019 , $39,000 for 2020 , $36,900 for 2021 , $34,800 for 2022 , $32,700 for 2023 and $28,500 for 2024 .

Debt Debt

Debt Debt	9 Months Ended
	Mar. 31, 2019
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 March 31, 2019 and June 30, 2018 , the Company had $618,500 and $775,125 , respectively, outstanding under the term loan. The interest rate on the term loan as of March 31, 2019 and June 30, 2018 was 4.25% and 4.13% , respectively. The Company had $19,000 and $19,500 outstanding under the revolver at March 31, 2019 and June 30, 2018 , respectively. Unused lines under this facility, net of outstanding letters of credit of $3,290 and $3,625 , respectively, to secure certain insurance obligations, totaled $227,710 and $226,875 at March 31, 2019 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 was 4.39% and 3.93% as of March 31, 2019 and June 30, 2018 , respectively. 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 March 31, 2019 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 March 31, 2019 , the Company borrowed $175,000 under the AR Securitization Facility, and the interest rate was 3.39% . Other Long-Term Borrowings At March 31, 2019 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. In 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 March 31, 2019 and June 30, 2018 , $1,263 and $1,438 was outstanding, respectively. Unamortized debt issue costs of $574 and $551 are included as a reduction of current portion of long-term debt on the condensed consolidated balance sheets as of March 31, 2019 and June 30, 2018 , respectively. Unamortized debt issue costs of $1,490 and $1,807 are included as a reduction of long-term debt on the condensed consolidated balance sheets as of March 31, 2019 and June 30, 2018 , respectively.

Derivatives Derivatives

Derivatives Derivatives	9 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	DERIVATIVES Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s borrowings. Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive loss and subsequently reclassified into interest expense in the same period(s) during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. In January 2019, the Company entered into an interest rate swap to mitigate variability in forecasted interest payments on $463,000 of the Company’s U.S. dollar-denominated unsecured variable rate debt. The interest rate swap effectively converts a portion of the floating rate interest payment into a fixed rate interest payment. The Company designated the interest rate swap as a pay-fixed, receive-floating interest rate swap instrument and is accounting for this derivative as a cash flow hedge. The fair value of the interest rate cash flow hedge was $6,856 as of March 31, 2019 (Level 2 in the fair value hierarchy), which is included in other current liabilities and other liabilities in the condensed consolidated balance sheet. Losses related to the interest rate cash flow hedge were not material during the three or nine months ended March 31, 2019 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Marketable securities measured at fair value at March 31, 2019 and June 30, 2018 totaled $10,818 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 March 31, 2019 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)	9 Months Ended
	Mar. 31, 2019
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 nine months ended March 31, 2019 , the Company's estimated annual effective tax rate reflects the change in the federal statutory rate from 35% to 21% . As of March 31, 2019 , 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, if elected. The Company has paid the liability in full and no election was made on the Company's federal tax return to defer the payments over eight years. During fiscal 2019, the Company recorded adjustments totaling $3,448 to reduce the tax liability related to the one-time transition tax. We also recorded a net tax benefit of $619 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 $576 . These adjustments were included as components of income tax expense in the condensed statements of consolidated income. During the three months ended March 31, 2019 , the Company recorded a valuation allowance of $3,785 related to certain deferred tax assets in Canada due to the uncertainty in realizing these net deferred tax assets.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at January 1, 2019 $ (92,220 ) $ (2,412 ) $ — $ (94,632 ) Other comprehensive income (loss) 2,767 — (5,136 ) (2,369 ) Amounts reclassified from accumulated other comprehensive (loss) income — (56 ) 63 7 Net current-period other comprehensive income (loss) 2,767 (56 ) (5,073 ) (2,362 ) Balance at March 31, 2019 $ (89,453 ) $ (2,468 ) $ (5,073 ) $ (96,994 ) Three Months Ended March 31, 2018 Foreign currency translation adjustment Unrealized gain on securities available for sale Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at January 1, 2018 $ (77,355 ) $ 35 $ (2,294 ) $ (79,614 ) Other comprehensive (loss) income (378 ) 6 — (372 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (14 ) (14 ) Net current-period other comprehensive (loss) income (378 ) 6 (14 ) (386 ) Balance at March 31, 2018 $ (77,733 ) $ 41 $ (2,308 ) $ (80,000 ) Nine Months Ended March 31, 2019 Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at July 1, 2018 $ (87,974 ) $ 50 $ (2,299 ) $ — $ (90,223 ) Other comprehensive loss (1,479 ) — — (5,136 ) (6,615 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (169 ) 63 (106 ) Cumulative effect of adopting accounting standard — (50 ) — — (50 ) Net current-period other comprehensive loss (1,479 ) (50 ) (169 ) (5,073 ) (6,771 ) Balance at March 31, 2019 $ (89,453 ) $ — $ (2,468 ) $ (5,073 ) $ (96,994 ) Nine Months Ended March 31, 2018 Foreign currency translation adjustment Unrealized gain 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 1,714 20 — 1,734 Amounts reclassified from accumulated other comprehensive (loss) income — — (32 ) (32 ) Net current-period other comprehensive income (loss) 1,714 20 (32 ) 1,702 Balance at March 31, 2018 $ (77,733 ) $ 41 $ (2,308 ) $ (80,000 ) Other Comprehensive (Loss) Income Details of other comprehensive (loss) income are as follows: Three Months Ended March 31, 2019 2018 Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ 2,945 $ 178 $ 2,767 $ (353 ) $ 25 $ (378 ) Post-employment benefits: Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs (77 ) (21 ) (56 ) (19 ) (5 ) (14 ) Unrealized loss on cash flow hedge (6,941 ) (1,805 ) (5,136 ) — — — Reclassification of interest from cash flow hedge into interest expense 85 22 63 — — — Unrealized loss on investment securities available for sale — — — (3 ) (9 ) 6 Other comprehensive (loss) income $ (3,988 ) $ (1,626 ) $ (2,362 ) $ (375 ) $ 11 $ (386 ) Nine Months Ended March 31, 2019 2018 Pre-Tax Amount Tax Benefit (Expense) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (1,611 ) $ (132 ) $ (1,479 ) $ 1,775 $ 61 $ 1,714 Post-employment benefits: Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs (230 ) (61 ) (169 ) (55 ) (23 ) (32 ) Unrealized gain on investment securities available for sale — — — 39 19 20 Unrealized loss on cash flow hedge (6,941 ) (1,805 ) (5,136 ) — — — Reclassification of interest from cash flow hedge into interest expense 85 22 63 — — — Cumulative effect of adopting accounting standard (50 ) — (50 ) — — — Other comprehensive income $ (8,747 ) $ (1,976 ) $ (6,771 ) $ 1,759 $ 57 $ 1,702 Anti-dilutive Common Stock Equivalents In the three month periods ended March 31, 2019 and 2018 , respectively, stock options and stock appreciation rights related to 467 and 67 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 nine month periods ended March 31, 2019 and 2018 , respectively, stock options and stock appreciation rights related to 255 and 313 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	9 Months Ended
	Mar. 31, 2019
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 March 31, 2019 2018 2019 2018 Components of net periodic cost: Service cost $ 11 $ 31 $ 4 $ 5 Interest cost 174 182 13 13 Expected return on plan assets (133 ) (118 ) — — Recognized net actuarial loss (gain) 46 106 (30 ) (39 ) Amortization of prior service cost — 7 (92 ) (92 ) Net periodic cost (benefit) $ 98 $ 208 $ (105 ) $ (113 ) Pension Benefits Retiree Health Care Nine Months Ended March 31, 2019 2018 2019 2018 Components of net periodic cost: Service cost $ 33 $ 93 $ 12 $ 14 Interest cost 522 549 39 39 Expected return on plan assets (399 ) (355 ) — — Recognized net actuarial loss (gain) 138 318 (90 ) (116 ) Amortization of prior service cost — 21 (276 ) (276 ) Net periodic cost (benefit) $ 294 $ 626 $ (315 ) $ (339 ) The Company contributed $3,700 to its pension benefit plans and $165 to its retiree health care plans in the nine months ended March 31, 2019 . Expected contributions for the remainder of fiscal 2019 are $100 for the pension benefit plans to fund scheduled retirement payments and $55 for retiree health care plans.

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
SEGMENT 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. LIFO expense of $3,650 and $7,997 is recorded in cost of sales in the condensed statements of income for the three and nine months ended March 31, 2019 , respectively, and is included in operating income for the Service Center Based Distribution segment. The corresponding amounts for the prior year periods were not material to the Company's condensed consolidated financial statements. The Company allocates LIFO expense between the segments in the fourth quarter of its fiscal year. Intercompany sales, primarily from the Fluid Power & Flow Control segment to the Service Center Based Distribution segment, of $7,328 and $6,706 , in the three months ended March 31, 2019 and 2018 , respectively, and $21,013 and $18,461 in the nine months ended March 31, 2019 and 2018 , respectively, have been eliminated in the Segment Financial Information tables below. Three Months Ended Service Center Based Distribution Fluid Power & Flow Control Total March 31, 2019 Net sales $ 630,438 $ 255,005 $ 885,443 Operating income for reportable segments 64,763 25,837 90,600 Depreciation and amortization of property 3,969 1,057 5,026 Capital expenditures 4,024 591 4,615 March 31, 2018 Net sales $ 601,214 $ 226,451 $ 827,665 Operating income for reportable segments 61,076 26,514 87,590 Depreciation and amortization of property 3,885 828 4,713 Capital expenditures 4,385 2,054 6,439 Nine Months Ended Service Center Based Distribution Fluid Power & Flow Control Total March 31, 2019 Net sales $ 1,823,785 $ 766,211 $ 2,589,996 Operating income for reportable segments 185,889 85,960 271,849 Assets used in business 1,252,161 1,070,649 2,322,810 Depreciation and amortization of property 11,791 3,254 15,045 Capital expenditures 9,724 1,987 11,711 March 31, 2018 Net sales $ 1,725,734 $ 449,819 $ 2,175,553 Operating income for reportable segments 172,965 53,482 226,447 Assets used in business 1,202,593 1,069,730 2,272,323 Depreciation and amortization of property 11,356 1,365 12,721 Capital expenditures 14,754 3,144 17,898 A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows: Three Months Ended Nine Months Ended March 31, March 31, 2019 2018 2019 2018 Operating income for reportable segments $ 90,600 $ 87,590 $ 271,849 $ 226,447 Adjustment for: Intangible amortization—Service Center Based Distribution 2,794 4,311 10,785 13,248 Intangible amortization—Fluid Power & Flow Control 7,117 5,489 21,038 8,078 Intangible Impairment—Service Center Based Distribution 31,594 — 31,594 — Corporate and other expense, net 14,586 21,346 46,619 50,125 Total operating income 34,509 56,444 161,813 154,996 Interest expense, net 9,947 8,216 30,001 12,521 Other income, net (1,256 ) (1,291 ) (549 ) (2,022 ) Income before income taxes $ 25,818 $ 49,519 $ 132,361 $ 144,497 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, Net

Other Income, Net	9 Months Ended
	Mar. 31, 2019
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME, NET Other income, net consists of the following: Three Months Ended Nine Months Ended March 31, March 31, 2019 2018 2019 2018 Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan $ (1,075 ) $ — $ (238 ) $ (784 ) Foreign currency transactions loss 63 130 97 79 Net other periodic post-employment (benefits) costs (22 ) 59 (66 ) 180 Life insurance income, net (187 ) (1,488 ) (380 ) (1,495 ) Other, net (35 ) 8 38 (2 ) Total other income, net $ (1,256 ) $ (1,291 ) $ (549 ) $ (2,022 )

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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.
Derivatives, Policy [Policy Text Block]	Derivatives The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting, and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. In accordance with the FASB’s fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.
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 March 31, 2019 . Targeted Improvements to Accounting for Hedging Activities In August 2017, the FASB issued its final standard on targeted improvements to accounting for hedging activities. This standard, issued as ASU 2017-12, expands and refines hedge accounting for both nonfinancial and financial risk components and aligns the recognition and presentation of the effects of the hedging instruments and the hedged item in the financial statements. This update is effective for annual and interim financial statement periods beginning after December 15, 2018. The Company early adopted ASU 2017-12 during the third quarter of fiscal 2019.
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 annual 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 and January 2019, the FASB issued ASU 2018-20 and ASU 2019-01, respectively, which further clarify the guidance. The Company has established a cross-functional team to evaluate the new standard and is in the process of 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)	9 Months Ended
	Mar. 31, 2019
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)	9 Months Ended
	Mar. 31, 2019
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: March 31, 2019 July 1, 2018 $ Change % Change Contract assets $ 8,732 $ 13,823 $ (5,091 ) (36.8 )%
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: Three Months Ended March 31, 2019 As Reported Adjustments Balances without adoption of ASC 606 Net sales $ 885,443 $ 569 $ 886,012 Cost of sales 629,884 369 630,253 Gross profit 255,559 200 255,759 Selling, distribution and administrative expense, including depreciation 189,456 57 189,513 Intangible Impairment 31,594 — 31,594 Operating income 34,509 143 34,652 Interest expense, net 9,947 — 9,947 Other income, net (1,256 ) — (1,256 ) Income before income taxes 25,818 143 25,961 Income tax expense 9,283 37 9,320 Net income $ 16,535 $ 106 $ 16,641 Nine Months Ended March 31, 2019 As Reported Adjustments Balances without adoption of ASC 606 Net sales $ 2,589,996 $ 4,886 $ 2,594,882 Cost of sales 1,839,724 3,472 1,843,196 Gross profit 750,272 1,414 751,686 Selling, distribution and administrative expense, including depreciation 556,865 331 557,196 Intangible Impairment 31,594 — 31,594 Operating income 161,813 1,083 162,896 Interest expense, net 30,001 — 30,001 Other income, net (549 ) — (549 ) Income before income taxes 132,361 1,083 133,444 Income tax expense 28,171 273 28,444 Net income $ 104,190 $ 810 $ 105,000 As of March 31, 2019 As Reported Adjustments Balances without adoption of ASC 606 Assets Other current assets $ 49,380 $ (8,732 ) $ 40,648 Inventories 454,555 11,461 466,016 Other assets 33,761 209 33,970 Liabilities Other current liabilities 62,731 6,649 69,380 Compensation and related benefits 69,324 (402 ) 68,922 Other liabilities 77,497 (692 ) 76,805 Equity Retained Earnings $ 882,848 $ (2,619 ) $ 880,229
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 nine months ended March 31, 2019 . Other countries consist of Mexico, Australia, New Zealand, and Singapore. Three Months Ended March 31, 2019 2018 Service Center Based Distribution Fluid Power & Flow Control Total Service Center Based Distribution Fluid Power & Flow Control Total Geographic Areas: United States $ 520,180 $ 251,922 772,102 $ 491,698 $ 222,197 $ 713,895 Canada 66,725 — 66,725 68,112 — $ 68,112 Other countries 43,533 3,083 46,616 41,404 4,254 $ 45,658 Total $ 630,438 $ 255,005 $ 885,443 $ 601,214 $ 226,451 $ 827,665 Nine Months Ended March 31, 2019 2018 Service Center Based Distribution Fluid Power & Flow Control Total Service Center Based Distribution Fluid Power & Flow Control Total Geographic Areas: United States $ 1,490,289 $ 756,433 2,246,722 $ 1,399,513 $ 438,958 $ 1,838,471 Canada 204,401 — 204,401 202,408 — $ 202,408 Other countries 129,095 9,778 138,873 123,813 10,861 $ 134,674 Total $ 1,823,785 $ 766,211 $ 2,589,996 $ 1,725,734 $ 449,819 $ 2,175,553
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 nine months ended March 31, 2019 : Three Months Ended March 31, 2019 Service Center Based Distribution Fluid Power & Flow Control Total Power Transmission 34.5 % 2.3 % 25.2 % Fluid Power 13.5 % 41.3 % 21.5 % General Maintenance; Hose Products 24.7 % 4.7 % 18.9 % Bearings, Linear & Seals 27.3 % 0.4 % 19.6 % Specialty Flow Control — % 51.3 % 14.8 % Total 100.0 % 100.0 % 100.0 % Nine Months Ended March 31, 2019 Service Center Based Distribution Fluid Power & Flow Control Total Power Transmission 33.8 % 1.7 % 24.3 % Fluid Power 13.7 % 39.0 % 21.2 % General Maintenance; Hose Products 26.0 % 5.0 % 19.7 % Bearings, Linear & Seals 26.5 % 0.3 % 18.8 % Specialty Flow Control — % 54.0 % 16.0 % 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 nine months ended March 31, 2019 : Three Months Ended March 31, 2019 Service Center Based Distribution Fluid Power & Flow Control Total General Industry 35.8 % 41.7 % 37.5 % Industrial Machinery 10.2 % 24.2 % 14.2 % Metals 12.0 % 8.6 % 11.0 % Food 10.5 % 2.5 % 8.2 % Oil & Gas 10.1 % 2.3 % 7.9 % Chem/Petrochem 2.8 % 12.8 % 5.7 % Forest Products 7.0 % 3.6 % 6.0 % Cement & Aggregate 6.9 % 1.0 % 5.2 % Transportation 4.7 % 3.3 % 4.3 % Total 100.0 % 100.0 % 100.0 % Nine Months Ended March 31, 2019 Service Center Based Distribution Fluid Power & Flow Control Total General Industry 35.9 % 44.0 % 38.2 % Industrial Machinery 9.7 % 22.0 % 13.3 % Metals 12.2 % 8.3 % 11.1 % Food 10.4 % 2.5 % 8.1 % Oil & Gas 10.0 % 2.2 % 7.7 % Chem/Petrochem 3.1 % 14.1 % 6.3 % Forest Products 7.6 % 3.0 % 6.3 % Cement & Aggregate 6.5 % 1.0 % 4.9 % Transportation 4.6 % 2.9 % 4.1 % Total 100.0 % 100.0 % 100.0 %

Business Combinations Business

Business Combinations Business Combinations (Tables)	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
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 estimated fair values at the acquisition date. Cash $ 11,141 Accounts receivable 80,836 Inventories 44,669 Other current assets 1,753 Property 8,282 Identifiable intangible assets 305,420 Goodwill 440,012 Other assets 775 Total assets acquired $ 892,888 Accounts payable and accrued liabilities 54,035 Other liabilities 2,677 Deferred tax liabilities 54,395 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 nine months ended March 31, 2019 are as follows: Three Months Ended March 31, 2019 Nine Months Ended March 31, 2019 Net sales $ 132,595 $ 417,336 Operating income 6,659 29,117 Net income 5,115 22,798
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 March 31, Nine Months Ended March 31, Pro forma 2018 2018 Net sales $ 866,818 $ 2,432,709 Operating income 62,360 164,302 Net income 40,546 98,391 Diluted net income per share $ 1.03 $ 2.51

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Mar. 31, 2019
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 nine month period ended March 31, 2019 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 9,872 4,791 14,663 Other, primarily currency translation (111 ) — (111 ) Balance at March 31, 2019 $ 212,845 $ 448,350 $ 661,195
Schedule of Intangible Assets	The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following: March 31, 2019 Amount Accumulated Amortization Net Book Value Finite-Lived Identifiable Intangibles: Customer relationships $ 422,077 $ 127,758 $ 294,319 Trade names 105,933 25,417 80,516 Vendor relationships 11,387 7,968 3,419 Non-competition agreements 2,702 2,112 590 Total Identifiable Intangibles $ 542,099 $ 163,255 $ 378,844 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.
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class [Table Text Block]	During the nine month period ended March 31, 2019 , the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows: Acquisition Cost Allocation Weighted-Average Life Customer relationships $ 5,956 20 Trade names 941 5 Non-competition agreements 250 5 Total Intangibles Acquired $ 7,147 17.5

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at January 1, 2019 $ (92,220 ) $ (2,412 ) $ — $ (94,632 ) Other comprehensive income (loss) 2,767 — (5,136 ) (2,369 ) Amounts reclassified from accumulated other comprehensive (loss) income — (56 ) 63 7 Net current-period other comprehensive income (loss) 2,767 (56 ) (5,073 ) (2,362 ) Balance at March 31, 2019 $ (89,453 ) $ (2,468 ) $ (5,073 ) $ (96,994 ) Three Months Ended March 31, 2018 Foreign currency translation adjustment Unrealized gain on securities available for sale Post-employment benefits Total Accumulated other comprehensive (loss) income Balance at January 1, 2018 $ (77,355 ) $ 35 $ (2,294 ) $ (79,614 ) Other comprehensive (loss) income (378 ) 6 — (372 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (14 ) (14 ) Net current-period other comprehensive (loss) income (378 ) 6 (14 ) (386 ) Balance at March 31, 2018 $ (77,733 ) $ 41 $ (2,308 ) $ (80,000 ) Nine Months Ended March 31, 2019 Foreign currency translation adjustment Unrealized gain (loss) on securities available for sale Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at July 1, 2018 $ (87,974 ) $ 50 $ (2,299 ) $ — $ (90,223 ) Other comprehensive loss (1,479 ) — — (5,136 ) (6,615 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (169 ) 63 (106 ) Cumulative effect of adopting accounting standard — (50 ) — — (50 ) Net current-period other comprehensive loss (1,479 ) (50 ) (169 ) (5,073 ) (6,771 ) Balance at March 31, 2019 $ (89,453 ) $ — $ (2,468 ) $ (5,073 ) $ (96,994 ) Nine Months Ended March 31, 2018 Foreign currency translation adjustment Unrealized gain 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 1,714 20 — 1,734 Amounts reclassified from accumulated other comprehensive (loss) income — — (32 ) (32 ) Net current-period other comprehensive income (loss) 1,714 20 (32 ) 1,702 Balance at March 31, 2018 $ (77,733 ) $ 41 $ (2,308 ) $ (80,000 )
Schedule of Comprehensive Income (Loss) [Table Text Block]	Other Comprehensive (Loss) Income Details of other comprehensive (loss) income are as follows: Three Months Ended March 31, 2019 2018 Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ 2,945 $ 178 $ 2,767 $ (353 ) $ 25 $ (378 ) Post-employment benefits: Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs (77 ) (21 ) (56 ) (19 ) (5 ) (14 ) Unrealized loss on cash flow hedge (6,941 ) (1,805 ) (5,136 ) — — — Reclassification of interest from cash flow hedge into interest expense 85 22 63 — — — Unrealized loss on investment securities available for sale — — — (3 ) (9 ) 6 Other comprehensive (loss) income $ (3,988 ) $ (1,626 ) $ (2,362 ) $ (375 ) $ 11 $ (386 ) Nine Months Ended March 31, 2019 2018 Pre-Tax Amount Tax Benefit (Expense) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (1,611 ) $ (132 ) $ (1,479 ) $ 1,775 $ 61 $ 1,714 Post-employment benefits: Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs (230 ) (61 ) (169 ) (55 ) (23 ) (32 ) Unrealized gain on investment securities available for sale — — — 39 19 20 Unrealized loss on cash flow hedge (6,941 ) (1,805 ) (5,136 ) — — — Reclassification of interest from cash flow hedge into interest expense 85 22 63 — — — Cumulative effect of adopting accounting standard (50 ) — (50 ) — — — Other comprehensive income $ (8,747 ) $ (1,976 ) $ (6,771 ) $ 1,759 $ 57 $ 1,702

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2019
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 March 31, 2019 2018 2019 2018 Components of net periodic cost: Service cost $ 11 $ 31 $ 4 $ 5 Interest cost 174 182 13 13 Expected return on plan assets (133 ) (118 ) — — Recognized net actuarial loss (gain) 46 106 (30 ) (39 ) Amortization of prior service cost — 7 (92 ) (92 ) Net periodic cost (benefit) $ 98 $ 208 $ (105 ) $ (113 ) Pension Benefits Retiree Health Care Nine Months Ended March 31, 2019 2018 2019 2018 Components of net periodic cost: Service cost $ 33 $ 93 $ 12 $ 14 Interest cost 522 549 39 39 Expected return on plan assets (399 ) (355 ) — — Recognized net actuarial loss (gain) 138 318 (90 ) (116 ) Amortization of prior service cost — 21 (276 ) (276 ) Net periodic cost (benefit) $ 294 $ 626 $ (315 ) $ (339 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment financial information	Three Months Ended Service Center Based Distribution Fluid Power & Flow Control Total March 31, 2019 Net sales $ 630,438 $ 255,005 $ 885,443 Operating income for reportable segments 64,763 25,837 90,600 Depreciation and amortization of property 3,969 1,057 5,026 Capital expenditures 4,024 591 4,615 March 31, 2018 Net sales $ 601,214 $ 226,451 $ 827,665 Operating income for reportable segments 61,076 26,514 87,590 Depreciation and amortization of property 3,885 828 4,713 Capital expenditures 4,385 2,054 6,439 Nine Months Ended Service Center Based Distribution Fluid Power & Flow Control Total March 31, 2019 Net sales $ 1,823,785 $ 766,211 $ 2,589,996 Operating income for reportable segments 185,889 85,960 271,849 Assets used in business 1,252,161 1,070,649 2,322,810 Depreciation and amortization of property 11,791 3,254 15,045 Capital expenditures 9,724 1,987 11,711 March 31, 2018 Net sales $ 1,725,734 $ 449,819 $ 2,175,553 Operating income for reportable segments 172,965 53,482 226,447 Assets used in business 1,202,593 1,069,730 2,272,323 Depreciation and amortization of property 11,356 1,365 12,721 Capital expenditures 14,754 3,144 17,898
Reconciliation of operating income for reportable segments to the consolidated income before income taxes	A reconciliation of operating income for reportable segments to the condensed consolidated income before income taxes is as follows: Three Months Ended Nine Months Ended March 31, March 31, 2019 2018 2019 2018 Operating income for reportable segments $ 90,600 $ 87,590 $ 271,849 $ 226,447 Adjustment for: Intangible amortization—Service Center Based Distribution 2,794 4,311 10,785 13,248 Intangible amortization—Fluid Power & Flow Control 7,117 5,489 21,038 8,078 Intangible Impairment—Service Center Based Distribution 31,594 — 31,594 — Corporate and other expense, net 14,586 21,346 46,619 50,125 Total operating income 34,509 56,444 161,813 154,996 Interest expense, net 9,947 8,216 30,001 12,521 Other income, net (1,256 ) (1,291 ) (549 ) (2,022 ) Income before income taxes $ 25,818 $ 49,519 $ 132,361 $ 144,497

Other Income, Net (Tables)

Other Income, Net (Tables)	9 Months Ended
	Mar. 31, 2019
Other Income and Expenses [Abstract]
Other (income) expense, net	Other income, net consists of the following: Three Months Ended Nine Months Ended March 31, March 31, 2019 2018 2019 2018 Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan $ (1,075 ) $ — $ (238 ) $ (784 ) Foreign currency transactions loss 63 130 97 79 Net other periodic post-employment (benefits) costs (22 ) 59 (66 ) 180 Life insurance income, net (187 ) (1,488 ) (380 ) (1,495 ) Other, net (35 ) 8 38 (2 ) Total other income, net $ (1,256 ) $ (1,291 ) $ (549 ) $ (2,022 )

Basis of Presentation Change in

Basis of Presentation Change in Accounting Principle (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2019USD ($)
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	9 Months Ended
	Mar. 31, 2019	Jul. 01, 2018
Contract Assets	$ 8,732
Contract Assets Period $ Change	$ (5,091)
Contract Assets Period % Change	(36.80%)
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						9 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Net sales	$ 885,443			$ 827,665			$ 2,589,996	$ 2,175,553
Cost of sales	629,884			588,141			1,839,724	1,555,245
Gross profit	255,559			239,524			750,272	620,308
Selling, distribution and administrative expense, including depreciation	189,456			183,080			556,865	465,312
Intangible impairment	31,594			0			31,594	0
Operating income	34,509			56,444			161,813	154,996
Interest expense, net	9,947			8,216			30,001	12,521
Other income, net	(1,256)			(1,291)			(549)	(2,022)
Income before income taxes	25,818			49,519			132,361	144,497
Income tax expense	9,283			12,927			28,171	43,234
Net income	16,535	$ 38,717	$ 48,938	$ 36,592	$ 30,950	$ 33,721	104,190	$ 101,263
Other current assets	49,380						49,380		$ 32,990
Inventories	454,555						454,555		422,069
Other assets	33,761						33,761		23,788
Other current liabilities	62,731						62,731		83,112
Compensation and related benefits	69,324						69,324		73,370
Other liabilities	77,497						77,497		$ 81,720
Retained Earnings	882,848						882,848
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Net sales	886,012						2,594,882
Cost of sales	630,253						1,843,196
Gross profit	255,759						751,686
Selling, distribution and administrative expense, including depreciation	189,513						557,196
Intangible impairment	31,594						31,594
Operating income	34,652						162,896
Interest expense, net	9,947						30,001
Other income, net	(1,256)						(549)
Income before income taxes	25,961						133,444
Income tax expense	9,320						28,444
Net income	16,641						105,000
Other current assets	40,648						40,648
Inventories	466,016						466,016
Other assets	33,970						33,970
Other current liabilities	69,380						69,380
Compensation and related benefits	68,922						68,922
Other liabilities	76,805						76,805
Retained Earnings	880,229						880,229
Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Net sales	569						4,886
Cost of sales	369						3,472
Gross profit	200						1,414
Selling, distribution and administrative expense, including depreciation	57						331
Intangible impairment	0						0
Operating income	143						1,083
Interest expense, net	0						0
Other income, net	0						0
Income before income taxes	143						1,083
Income tax expense	37						273
Net income	106						810
Other current assets	(8,732)						(8,732)
Inventories	11,461						11,461
Other assets	209						209
Other current liabilities	6,649						6,649
Compensation and related benefits	(402)						(402)
Other liabilities	(692)						(692)
Retained Earnings	$ (2,619)						$ (2,619)

Revenue Recognition Revenue R_6

Revenue Recognition Revenue Recognition (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 885,443	$ 827,665	$ 2,589,996	$ 2,175,553
UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	772,102	713,895	2,246,722	1,838,471
CANADA
Disaggregation of Revenue [Line Items]
Net sales	66,725	68,112	204,401	202,408
Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	46,616	45,658	138,873	134,674
Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	630,438	601,214	1,823,785	1,725,734
Service Center Based Distribution Segment [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	520,180	491,698	1,490,289	1,399,513
Service Center Based Distribution Segment [Member] | CANADA
Disaggregation of Revenue [Line Items]
Net sales	66,725	68,112	204,401	202,408
Service Center Based Distribution Segment [Member] | Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	43,533	41,404	129,095	123,813
Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	255,005	226,451	766,211	449,819
Fluid Power & Flow Control Segment [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	251,922	222,197	756,433	438,958
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	$ 3,083	$ 4,254	$ 9,778	$ 10,861

Revenue Recognition Revenue R_7

Revenue Recognition Revenue Recognition (Details 3)	3 Months Ended	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2019
General Industry [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	37.50%	38.20%
General Industry [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	35.80%	35.90%
General Industry [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	41.70%	44.00%
Industrial Machinery [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	14.20%	13.30%
Industrial Machinery [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	10.20%	9.70%
Industrial Machinery [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	24.20%	22.00%
Metals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	11.00%	11.10%
Metals [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	12.00%	12.20%
Metals [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	8.60%	8.30%
Food [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	8.20%	8.10%
Food [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	10.50%	10.40%
Food [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.50%	2.50%
Oil & Gas [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	7.90%	7.70%
Oil & Gas [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	10.10%	10.00%
Oil & Gas [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.30%	2.20%
Chem/Petrochem [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	5.70%	6.30%
Chem/Petrochem [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.80%	3.10%
Chem/Petrochem [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	12.80%	14.10%
Forest Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	6.00%	6.30%
Forest Products [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	7.00%	7.60%
Forest Products [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.60%	3.00%
Cement & Aggregate [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	5.20%	4.90%
Cement & Aggregate [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	6.90%	6.50%
Cement & Aggregate [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	1.00%	1.00%
Transportation [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	4.30%	4.10%
Transportation [Domain] | Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	4.70%	4.60%
Transportation [Domain] | Fluid Power & Flow Control Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.30%	2.90%
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	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2019
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	25.20%	24.30%
Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	21.50%	21.20%
General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	18.90%	19.70%
Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	19.60%	18.80%
Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	14.80%	16.00%
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	34.50%	33.80%
Service Center Based Distribution Segment [Member] | Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	13.50%	13.70%
Service Center Based Distribution Segment [Member] | General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	24.70%	26.00%
Service Center Based Distribution Segment [Member] | Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	27.30%	26.50%
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	2.30%	1.70%
Fluid Power & Flow Control Segment [Member] | Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	41.30%	39.00%
Fluid Power & Flow Control Segment [Member] | General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	4.70%	5.00%
Fluid Power & Flow Control Segment [Member] | Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	0.40%	0.30%
Fluid Power & Flow Control Segment [Member] | Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	51.30%	54.00%

Revenue Recognition Revenue R_9

Revenue Recognition Revenue Recognition Textuals (Details 5) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2019	Jul. 01, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract with Customer, Asset, Net	$ 8,732
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	Mar. 31, 2019	Jan. 31, 2018	Jun. 30, 2017
Goodwill	$ 646,643	$ 661,195		$ 206,135
FCX Performance, Inc [Member] [Member]
Cash			$ 11,141
Accounts receivable			80,836
Inventories			44,669
Other current assets			1,753
Property			8,282
Identifiable intangible assets			305,420
Goodwill			440,012
Other assets			775
Total assets acquired			892,888
Accounts payable and accrued liabilities			54,035
Other liabilities			2,677
Deferred tax liabilities			54,395
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		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Business Acquisition [Line Items]
Operating income	$ 34,509	$ 56,444	$ 161,813	$ 154,996
FCX Performance, Inc [Member] [Member]
Business Acquisition [Line Items]
Net income	5,115		22,798
FCX Performance, Inc [Member] [Member] | Sales [Member]
Business Acquisition [Line Items]
Net sales	132,595		417,336
FCX Performance, Inc [Member] [Member] | Operating Income (Loss) [Member]
Business Acquisition [Line Items]
Operating income	$ 6,659		$ 29,117

Business Combinations Busines_4

Business Combinations Business Combinations (Details 2) - FCX Performance, Inc [Member] [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2018
Business Acquisition [Line Items]
Net income	$ 40,546	$ 98,391
Diluted net income per share	$ 1.03	$ 2.51
Sales [Member]
Business Acquisition [Line Items]
Net sales	$ 866,818	$ 2,432,709
Operating Income (Loss) [Member]
Business Acquisition [Line Items]
Operating income	$ 62,360	$ 164,302

Business Combinations Busines_5

Business Combinations Business Combinations Textuals (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018	Mar. 04, 2019	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
MilRoc [Member] [Domain]
Total Consideration	35,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				$ 17,981
Intangible Assets, Net (Including Goodwill)				17,019
Funding from Holdback Payments				$ 4,375
Debt Instrument, Interest Rate, Stated Percentage				2.00%
Fluid Power Sales [Member]
Total Consideration	8,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net					$ 4,156
Intangible Assets, Net (Including Goodwill)					3,944
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	$ 645

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2019	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	14,663	441,689
Other, primarily currency translation	(111)	(1,181)
Balance at March 31, 2019	661,195	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	9,872	2,525
Other, primarily currency translation	(111)	(1,181)
Balance at March 31, 2019	212,845	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	4,791	439,164
Other, primarily currency translation	0	0
Balance at March 31, 2019	$ 448,350	$ 443,559

Goodwill and Intangibles (Det_2

Goodwill and Intangibles (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Amortization details resulting from business combinations
Amount	$ 542,099	$ 592,816
Accumulated Amortization	163,255	156,869
Net Book Value	378,844	435,947
Customer relationships
Amortization details resulting from business combinations
Amount	422,077	465,691
Accumulated Amortization	127,758	125,009
Net Book Value	294,319	340,682
Trade names
Amortization details resulting from business combinations
Amount	105,933	112,939
Accumulated Amortization	25,417	22,454
Net Book Value	80,516	90,485
Vendor relationships
Amortization details resulting from business combinations
Amount	11,387	11,425
Accumulated Amortization	7,968	7,382
Net Book Value	3,419	4,043
Non-competition agreements
Amortization details resulting from business combinations
Amount	2,702	2,761
Accumulated Amortization	2,112	2,024
Net Book Value	$ 590	$ 737

Goodwill and Intangibles Goodwi

Goodwill and Intangibles Goodwill and Intangibles (Details 2) $ in Thousands	9 Months Ended
	Mar. 31, 2019USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 7,147
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	17 years 6 months
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 5,956
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	20 years
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 941
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 250
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years

Goodwill and Intangibles (Det_3

Goodwill and Intangibles (Details Textuals) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)
Goodwill [Line Items]
Number of Reporting Units			7
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	20.00%		20.00%
Intangible impairment	$ 31,594	$ 0	$ 31,594	$ 0
Goodwill and Intangibles (Textuals) [Abstract]
Amortization expense for the remainder of 2019	10,200		10,200
Amortization expense for 2020	39,000		39,000
Amortization expense for 2021	36,900		36,900
Amortization expense for 2022	34,800		34,800
Amortization expense for 2023	32,700		32,700
Amortization expense for 2024	28,500		28,500
Service Center Based Distribution Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses	64,794		64,794
Fluid Power Businesses Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses	$ 36,605		$ 36,605

Debt Debt (Details)

Debt Debt (Details) - USD ($)	9 Months Ended
	Mar. 31, 2019	Jun. 30, 2018
Long-term Debt Instruments [Line Items]
Line of Credit Facility, Amount Outstanding	$ 19,000,000	$ 19,500,000
Letters of Credit Outstanding, Amount	2,698,000
Debt Issuance Costs, Gross, Current	574,000	551,000
Debt Issuance Cost, Gross, Noncurrent	1,490,000	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	3,290,000	3,625,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 227,710,000	$ 226,875,000
Debt, Weighted Average Interest Rate	4.39%	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	$ 618,500,000	$ 775,125,000
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	4.25%	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	3.39%
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
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	$ 1,263,000	$ 1,438,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.50%

Derivatives Derivatives (Detail

Derivatives Derivatives (Details) $ in Thousands	Mar. 31, 2019USD ($)
Derivative [Line Items]
Derivative, Amount of Hedged Item	$ 463,000
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 6,856

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Level 1 [Member] | Recurring [Member]
Fair Value Measurements (Textuals) [Line Items]
Marketable securities	$ 10,818	$ 10,318

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	35.00%
Tax Cuts and Jobs Act - Transition tax amount	$ 3,448		$ 3,877
Tax Cuts and Jobs Act - Foreign Tax credit	619
Tax Cuts and Jobs Act - Adjustment	576
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 3,785

Shareholders' Equity Accumulate

Shareholders' Equity Accumulated Other Comprehensive Income (Loss) [Table] (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period			$ (90,223)				$ (90,223)
Other comprehensive income (loss), Unrealized gain (loss) on securities available for sale	$ 0			$ 6			0	$ 20
Other comprehensive income (loss), Cash flow hedge	(5,136)			0			(5,136)	0
Amounts reclassified from accumulated other comprehensive (loss) income	7			(14)			(106)	(32)
Amounts reclassified from accumulated other comprehensive (loss) income, Post-employment benefits	(56)						(169)
Amounts reclassified from accumulated other comprehensive (loss) income, Cash flow hedge	63			0			63	0
Net current-period other comprehensive income (loss), net of taxes, Foreign Currency Translation Adjustment	2,767			(378)			(1,479)	1,714
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)	(2,362)			(386)			(6,771)	1,702
Balance at end of period	(96,994)						(96,994)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(92,220)		(87,974)	(77,355)		$ (79,447)	(87,974)	(79,447)
Other comprehensive income (loss), Foreign Currency Translation Adjustment	2,767			(378)			(1,479)	1,714
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	2,767			(378)			(1,479)	1,714
Net current-period other comprehensive income (loss), net of taxes, Securities Available for Sale							0
Balance at end of period	(89,453)	$ (92,220)		(77,733)	$ (77,355)		(89,453)	(77,733)
Unrealized gain (loss) on securities available for sale [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period			50	35		21	50	21
Other comprehensive income (loss), Unrealized gain (loss) on securities available for sale				6			0	20
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				6			(50)	20
Balance at end of period	0			41	35		0	41
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(2,412)		(2,299)	(2,294)		(2,276)	(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	(56)			(14)			(169)	(32)
Balance at end of period	(2,468)	(2,412)		(2,308)	(2,294)		(2,468)	(2,308)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	0	0
Other comprehensive income (loss), Cash flow hedge	(5,136)						(5,136)
Amounts reclassified from accumulated other comprehensive (loss) income, Cash flow hedge	63						63
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, Cash flow hedge	(5,073)						(5,073)
Balance at end of period	(5,073)	0	0				(5,073)
Total Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(94,632)		(90,223)	(79,614)		(81,702)	(90,223)	(81,702)
Other comprehensive income (loss), Total accumulated other comprehensive income (loss)	(2,369)			(372)			(6,615)	1,734
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)	(2,362)	(9,756)	$ 5,347	(386)	(6,064)	$ 8,152	(6,771)	1,702
Balance at end of period	$ (96,994)	$ (94,632)		$ (80,000)	$ (79,614)		$ (96,994)	$ (80,000)

Shareholders' Equity (Details 1

Shareholders' Equity (Details 1 ) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Other comprehensive income (loss):
Foreign currency translation adjustments, before Tax	$ 2,945	$ (353)	$ (1,611)	$ 1,775
Foreign currency translation adjustments, Tax	178	25	(132)	61
Foreign currency translation adjustments, Net of Tax	2,767	(378)	(1,479)	1,714
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs, before Tax	(77)	(19)	(230)	(55)
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs, Tax	(21)	(5)	(61)	(23)
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs, Net of Tax	(56)	(14)	(169)	(32)
Unrealized loss on cash flow hedge, before Tax	(6,941)	0	(6,941)	0
Unrealized loss on cash flow hedge, Tax	(1,805)	0	(1,805)	0
Unrealized loss on cash flow hedge, Net of Tax	(5,136)	0	(5,136)	0
Reclassification of interest from cash flow hedge into interest expense, before Tax	(85)	0	(85)	0
Reclassification of interest from cash flow hedge into interest expense, Tax	22	0	22	0
Reclassification of interest from cash flow hedge into interest expense, Net of Tax	63	0	63	0
Unrealized (loss) gain on investment securities available for sale, before Tax	0	(3)	0	39
Unrealized (loss) gain on investment securities available for sale, Tax	0	(9)	0	19
Unrealized (loss) gain on investment securities available for sale. Net of Tax	0	6	0	20
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	(3,988)	(375)	(8,747)	1,759
Other Comprehensive Income (Loss), Tax	(1,626)	11	(1,976)	57
Other comprehensive income, net of tax	$ (2,362)	$ (386)	$ (6,771)	$ 1,702

Shareholders' Equity Shareholde

Shareholders' Equity Shareholders Equity Details Textuals (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	467	67	255	313

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Pension Benefits [Member]
Components of net periodic cost:
Service cost	$ 11	$ 31	$ 33	$ 93
Interest cost	174	182	522	549
Expected return on plan assets	(133)	(118)	(399)	(355)
Recognized net actuarial loss (gain)	46	106	138	318
Amortization of prior service cost	0	7	0	21
Net periodic cost (benefit)	98	208	294	626
Postretirement Health Coverage [Member]
Components of net periodic cost:
Service cost	4	5	12	14
Interest cost	13	13	39	39
Expected return on plan assets	0	0	0	0
Recognized net actuarial loss (gain)	(30)	(39)	(90)	(116)
Amortization of prior service cost	(92)	(92)	(276)	(276)
Net periodic cost (benefit)	$ (105)	$ (113)	$ (315)	$ (339)

Benefit Plans (Details Textuals

Benefit Plans (Details Textuals) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to benefit plan	$ 3,700
Expected contribution to benefit plans for remainder of fiscal year	100
Postretirement Health Coverage [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to benefit plan	165
Expected contribution to benefit plans for remainder of fiscal year	$ 55

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net sales	$ 885,443	$ 827,665	$ 2,589,996	$ 2,175,553
Operating income for reportable segments	34,509	56,444	161,813	154,996
Assets used in business	2,322,810	2,272,323	2,322,810	2,272,323	$ 2,285,741
Depreciation and amortization of property			15,045	12,721
Capital expenditures			11,711	17,898
Service Center Based Distribution [Member]
Segment Reporting Information [Line Items]
Net sales	630,438	601,214	1,823,785	1,725,734
Operating income for reportable segments	64,763	61,076	185,889	172,965
Assets used in business	1,252,161	1,202,593	1,252,161	1,202,593
Depreciation and amortization of property	3,969	3,885	11,791	11,356
Capital expenditures	4,024	4,385	9,724	14,754
Fluid Power Businesses [Member]
Segment Reporting Information [Line Items]
Net sales	255,005	226,451	766,211	449,819
Operating income for reportable segments	25,837	26,514	85,960	53,482
Assets used in business	1,070,649	1,069,730	1,070,649	1,069,730
Depreciation and amortization of property	1,057	828	3,254	1,365
Capital expenditures	591	2,054	1,987	3,144
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	885,443	827,665	2,589,996	2,175,553
Operating income for reportable segments	90,600	87,590	$ 271,849	$ 226,447
Depreciation and amortization of property	5,026	4,713
Capital expenditures	$ 4,615	$ 6,439

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Total operating income	$ 34,509	$ 56,444	$ 161,813	$ 154,996
Adjustment for:
Intangible amortization			31,823	21,326
Intangible impairment	31,594	0	31,594	0
Corporate and other expense, net	14,586	21,346	46,619	50,125
Interest expense, net	9,947	8,216	30,001	12,521
Other income, net	(1,256)	(1,291)	(549)	(2,022)
Income before income taxes	25,818	49,519	132,361	144,497
Operating Segments [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Total operating income	90,600	87,590	271,849	226,447
Service Center Based Distribution [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Total operating income	64,763	61,076	185,889	172,965
Adjustment for:
Intangible amortization	2,794	4,311	10,785	13,248
Fluid Power Businesses [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Total operating income	25,837	26,514	85,960	53,482
Adjustment for:
Intangible amortization	$ 7,117	$ 5,489	$ 21,038	$ 8,078

Segment Information (Details Te

Segment Information (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Inventory, LIFO Reserve, Period Charge	$ 3,650		$ 7,997
Net sales	885,443	$ 827,665	2,589,996	$ 2,175,553
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ 7,328	$ 6,706	$ 21,013	$ 18,461

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Other Income and Expenses [Abstract]
Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan	$ (1,075)	$ 0	$ (238)	$ (784)
Foreign currency transactions loss	63	130	97	79
Net other periodic post-employment (benefits) costs	(22)	59	(66)	180
Life insurance income, net	(187)	(1,488)	(380)	(1,495)
Other, net	(35)	8	38	(2)
Total other income, net	$ (1,256)	$ (1,291)	$ (549)	$ (2,022)