Applied Industrial (AIT) 10-Q 26 Apr 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2024	Apr. 19, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	1-2299
Entity Registrant Name	APPLIED INDUSTRIAL TECHNOLOGIES, INC.
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0117420
Entity Address, Address Line One	One Applied Plaza
Entity Address, City or Town	Cleveland
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44115
City Area Code	216
Local Phone Number	426-4000
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	AIT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		38,602,617
Document and Entity Information [Abstract]
Entity Central Index Key	0000109563
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Statements of Consoli

Condensed Statements of Consolidated Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 1,146,390	$ 1,132,035	$ 3,318,731	$ 3,254,720
Cost of sales	808,144	798,917	2,338,313	2,306,314
Gross profit	338,246	333,118	980,418	948,406
Selling, distribution and administrative expense, including depreciation	217,040	206,207	623,938	602,070
Operating income	121,206	126,911	356,480	346,336
Interest expense, net	265	4,773	3,502	17,438
Other (income) expense, net	(1,724)	(142)	(4,217)	1,624
Income before income taxes	122,665	122,280	357,195	327,274
Income tax expense	25,448	25,093	74,924	72,750
Net income	$ 97,217	$ 97,187	$ 282,271	$ 254,524
Net income per share - basic	$ 2.51	$ 2.52	$ 7.29	$ 6.60
Net income per share - diluted	$ 2.48	$ 2.47	$ 7.18	$ 6.49
Weighted average common shares outstanding for basic computation	38,675	38,617	38,707	38,574
Dilutive effect of potential common shares	577	651	584	629
Weighted average common shares outstanding for diluted computation	39,252	39,268	39,291	39,203

Condensed Statements of Conso_2

Condensed Statements of Consolidated Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Net income per the condensed statements of consolidated income	$ 97,217	$ 97,187	$ 282,271	$ 254,524
Other comprehensive income, before tax:
Foreign currency translation adjustments	(5,112)	5,763	(1,685)	255
Post-employment benefits:
Reclassification of net actuarial losses and prior service cost into other (income) expense, net and included in net periodic pension costs	(30)	9	(90)	27
Termination of pension plan	0	0	0	1,031
Unrealized gain (loss) on cash flow hedge	5,105	(2,309)	4,203	10,549
Reclassification of interest from cash flow hedge into interest expense, net	(4,671)	(3,036)	(14,024)	(2,955)
Total other comprehensive (loss) income, before tax	(4,708)	427	(11,596)	8,907
Income tax expense (benefit) related to items of other comprehensive income	135	(1,315)	(2,403)	2,256
Other comprehensive (loss) income, net of tax	(4,843)	1,742	(9,193)	6,651
Comprehensive income, net of tax	$ 92,374	$ 98,929	$ 273,078	$ 261,175

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Current assets
Cash and cash equivalents	$ 456,533	$ 344,036
Accounts receivable, net	710,195	708,395
Inventories	503,910	501,184
Other current assets	97,044	93,192
Total current assets	1,767,682	1,646,807
Property, less accumulated depreciation of $242,620 and $229,041	115,325	115,041
Operating lease assets, net	95,569	100,677
Identifiable intangibles, net	220,840	235,549
Goodwill	588,713	578,418
Other assets	66,814	66,840
TOTAL ASSETS	2,854,943	2,743,332
Current liabilities
Accounts payable	271,185	301,685
Current portion of long-term debt	25,107	25,170
Compensation and related benefits	75,443	98,740
Other current liabilities	96,671	114,749
Total current liabilities	468,406	540,344
Long-term debt	571,862	596,926
Other liabilities	145,651	147,625
TOTAL LIABILITIES	1,185,919	1,284,895
Shareholders’ equity
Preferred stock—no par value; 2,500 shares authorized; none issued or outstanding	$ 0	0
Preferred Stock, Shares Authorized	2,500
Common stock—no par value; 80,000 shares authorized; 54,213 shares issued	$ 10,000	10,000
Common Stock, Shares Authorized	80,000
Common Stock, Shares, Issued	54,213
Additional paid-in capital	$ 191,133	188,646
Retained earnings	2,046,956	1,792,632
Treasury shares—at cost (15,573 and 15,556 shares, respectively)	$ 514,576	$ 477,545
Treasury Stock, Common, Shares	15,573	15,556
Accumulated other comprehensive loss	$ (64,489)	$ (55,296)
TOTAL SHAREHOLDERS’ EQUITY	1,669,024	1,458,437
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,854,943	$ 2,743,332

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Noncurrent Assets:
Property, less accumulated depreciation	$ 242,620	$ 229,041
Shareholders’ equity
Preferred stock, shares authorized	2,500
Common stock, shares authorized	80,000
Common stock, shares issued	54,213
Treasury Stock, Common, Shares	15,573	15,556

Condensed Statements of Conso_3

Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income	$ 282,271	$ 254,524
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property	17,567	16,598
Amortization of intangibles	21,601	23,189
Provision for losses on accounts receivable	1,001	4,676
Amortization of stock appreciation rights and options	2,570	2,322
Other share-based compensation expense	7,508	7,419
Changes in operating assets and liabilities, net of acquisitions	(77,403)	(142,092)
Other, net	(2,956)	(2,609)
Net Cash provided by Operating Activities	252,159	164,027
Cash Flows from Investing Activities
Acquisition of businesses, net of cash acquired	(21,440)	(35,667)
Capital expenditures	(17,354)	(20,809)
Proceeds from property sales	514	226
Net Cash used in Investing Activities	(38,280)	(56,250)
Cash Flows from Financing Activities
Net repayments under revolving credit facility	0	(27,000)
Long-term debt repayments	25,188	40,185
Interest rate swap settlement receipts	(10,839)	(5,501)
Purchases of treasury shares	(28,875)	(716)
Dividends paid	(41,524)	(39,829)
Acquisition holdback payments	681	1,510
Exercise of stock appreciation rights and options	127	127
Taxes paid for shares withheld for equity awards	(15,874)	(7,914)
Net Cash used in Financing Activities	(101,176)	(111,526)
Effect of Exchange Rate Changes on Cash	(206)	1,402
Increase (Decrease) in Cash and Cash Equivalents	112,497	(2,347)
Cash and Cash Equivalents at Beginning of Period	344,036	184,474
Cash and Cash Equivalents at End of Period	$ 456,533	$ 182,127

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]	Common Stock [Member] Stock Options and Stock Appreciation Rights [ Member]	Common Stock [Member] Performance Shares [Member]	Common Stock [Member] Restricted Stock Units (RSUs) [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 Shares- at Cost	Treasury Shares- at Cost Stock Options and Stock Appreciation Rights [ Member]	Treasury Shares- at Cost Performance Shares [Member]	Treasury Shares- at Cost 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, 2022		38,499
Beginning balance at Jun. 30, 2022		$ 10,000				$ 183,822				$ 1,499,676	$ (471,848)				$ (72,295)	$ 1,149,355
Net income	$ 76,880															76,880
Other comprehensive (loss) income															(1,635)	(1,635)
Cash Dividends per Common Share	$ 0.34
Treasury Stock, Shares, Acquired		(8)
Treasury Stock, Value, Acquired, Cost Method											(716)					(716)
Exercise of stock appreciation rights and options, shares			21
Performance share awards, shares				23
Restricted stock units, shares					33
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							$ (860)	$ (1,290)	$ (1,668)
Exercise of stock appreciation rights and options												$ (366)
Performance share awards													$ (758)
Restricted stock units														$ (902)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	$ (1,226)	$ (2,048)	$ (2,570)
Compensation expense						1,939	1,424									1,939	1,424
Stockholders' Equity, Other Shares		3
Other						(19)				(5)	61					37
Ending balance, shares at Sep. 30, 2022		38,571
Ending balance at Sep. 30, 2022		$ 10,000				183,348				1,576,551	(474,529)				(73,930)	1,221,440
Beginning balance, shares at Jun. 30, 2022		38,499
Beginning balance at Jun. 30, 2022		$ 10,000				183,822				1,499,676	(471,848)				(72,295)	1,149,355
Net income	$ 254,524
Other comprehensive (loss) income	6,651														6,651
Ending balance, shares at Mar. 31, 2023		38,654
Ending balance at Mar. 31, 2023		$ 10,000				186,187				1,727,534	(477,417)				(65,644)	1,380,660
Beginning balance, shares at Sep. 30, 2022		38,571
Beginning balance at Sep. 30, 2022		$ 10,000				183,348				1,576,551	(474,529)				(73,930)	1,221,440
Net income	$ 80,457															80,457
Other comprehensive (loss) income															6,544	6,544
Cash Dividends per Common Share	$ 0.34
Cash dividends										(13,175)						(13,175)
Exercise of stock appreciation rights and options, shares			28
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							(1,061)
Exercise of stock appreciation rights and options												(878)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	(1,939)
Compensation expense						2,062	447									2,062	447
Other						(1)				41						40
Ending balance, shares at Dec. 31, 2022		38,599
Ending balance at Dec. 31, 2022		$ 10,000				184,795				1,643,874	(475,407)				(67,386)	1,295,876
Net income	$ 97,187															97,187
Other comprehensive (loss) income	$ 1,742														1,742	1,742
Cash Dividends per Common Share	$ 0.35
Cash dividends										(13,562)						(13,562)
Exercise of stock appreciation rights and options, shares			40
Restricted stock units, shares					1
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							(2,173)		(44)
Exercise of stock appreciation rights and options												(2,401)
Restricted stock units														(30)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	(4,574)		(74)
Compensation expense						3,418	451									3,418	451
Stockholders' Equity, Other Shares		14
Other						(260)				35	421					196
Ending balance, shares at Mar. 31, 2023		38,654
Ending balance at Mar. 31, 2023		$ 10,000				186,187				1,727,534	(477,417)				(65,644)	1,380,660
Beginning balance, shares at Jun. 30, 2023		38,657
Beginning balance at Jun. 30, 2023	$ 1,458,437	$ 10,000				188,646				1,792,632	(477,545)				(55,296)	1,458,437
Net income	$ 93,826															93,826
Other comprehensive (loss) income															(7,074)	(7,074)
Cash Dividends per Common Share	$ 0.35
Cash dividends										(23)						(23)
Exercise of stock appreciation rights and options, shares			32
Performance share awards, shares				54
Restricted stock units, shares					13
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							(1,681)	$ (3,072)	(726)
Exercise of stock appreciation rights and options												(1,912)
Performance share awards													$ (3,487)
Restricted stock units														(910)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	(3,593)	$ (6,559)	(1,636)
Compensation expense						1,976	844									1,976	844
Stockholders' Equity, Other Shares		(1)
Other						(1)				(3)	(78)					(82)
Ending balance, shares at Sep. 30, 2023		38,755
Ending balance at Sep. 30, 2023		$ 10,000				185,986				1,886,432	(483,932)				(62,370)	1,536,116
Beginning balance, shares at Jun. 30, 2023		38,657
Beginning balance at Jun. 30, 2023	$ 1,458,437	$ 10,000				188,646				1,792,632	(477,545)				(55,296)	1,458,437
Net income	282,271
Other comprehensive (loss) income	(9,193)														(9,193)
Ending balance, shares at Mar. 31, 2024		38,640
Ending balance at Mar. 31, 2024	1,669,024	$ 10,000				191,133				2,046,956	(514,576)				(64,489)	1,669,024
Beginning balance, shares at Sep. 30, 2023		38,755
Beginning balance at Sep. 30, 2023		$ 10,000				185,986				1,886,432	(483,932)				(62,370)	1,536,116
Net income	$ 91,228															91,228
Other comprehensive (loss) income															2,724	2,724
Cash Dividends per Common Share	$ 0.35
Cash dividends										(13,607)						(13,607)
Treasury Stock, Shares, Acquired		(63)
Treasury Stock, Value, Acquired, Cost Method											(10,677)					(10,677)
Exercise of stock appreciation rights and options, shares			11
Restricted stock units, shares					1
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							(391)		(86)
Exercise of stock appreciation rights and options												(335)
Restricted stock units														(108)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	(726)		(194)
Compensation expense						2,261	866									2,261	866
Stockholders' Equity, Other Shares		1
Other										37						37
Ending balance, shares at Dec. 31, 2023		38,705
Ending balance at Dec. 31, 2023		$ 10,000				188,636				1,964,090	(495,052)				(59,646)	1,608,028
Net income	$ 97,217															97,217
Other comprehensive (loss) income	$ (4,843)														(4,843)	(4,843)
Cash Dividends per Common Share	$ 0.37
Cash dividends										(14,360)						(14,360)
Treasury Stock, Shares, Acquired		(100)
Treasury Stock, Value, Acquired, Cost Method											(18,198)					(18,198)
Exercise of stock appreciation rights and options, shares			27
Restricted stock units, shares					1
Additional Paid in Capital, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units							(1,365)		$ (47)
Exercise of stock appreciation rights and options												$ (1,495)
Restricted stock units														$ (53)
Total Shareholders' Equity, Exercise of stock appreciation rights and options, Performance share awards, Restricted stock units																	(2,860)		$ (100)
Compensation expense						3,271	$ 860									3,271	$ 860
Stockholders' Equity, Other Shares		7
Other						(222)				9	222					9
Ending balance, shares at Mar. 31, 2024		38,640
Ending balance at Mar. 31, 2024	$ 1,669,024	$ 10,000				$ 191,133				$ 2,046,956	$ (514,576)				$ (64,489)	$ 1,669,024

Condensed Statements of Share_2

Condensed Statements of Shareholder's Equity Condensed Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022
Cash Dividends per Common Share	$ 0.37	$ 0.35	$ 0.35	$ 0.35	$ 0.34	$ 0.34

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2024
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, 2024, and the results of its operations and its cash flows for the nine month periods ended March 31, 2024 and 2023, have been included. The condensed consolidated balance sheet as of June 30, 2023 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, 2023. Operating results for the nine month period ended March 31, 2024 are not necessarily indicative of the results that may be expected for the remainder of the fiscal year ending June 30, 2024. 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 fiscal 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. LIFO expense of $4,758 and $8,205 in the three months ended March 31, 2024 and 2023, respectively, and $12,726 and $26,118 in the nine months ended March 31, 2024 and 2023, respectively, is recorded in cost of sales in the condensed statements of consolidated income. Recently Issued Accounting Guidance In December 2023, the FASB issued its final standard to improve income tax disclosures. This standard, issued as ASU 2023-09, requires public business entities to annually disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This update is effective for annual periods beginning after December 15, 2024. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In November 2023, the FASB issued its final standard to improve reportable segment disclosures. This standard, issued as ASU 2023-07, requires enhanced disclosures about significant segment expenses, enhanced interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. This update is effective for all public entities for fiscal years beginning after December 15, 2023, with the interim disclosure requirements being effective for fiscal years beginning after December 15, 2024. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In July 2023, the SEC issued a final rule to require registrants to provide enhanced and standardized disclosures regarding cybersecurity risk management, strategy, governance, and incidents. The final rule establishes new requirements related to material cybersecurity incidents, which would need to be disclosed on Form 8-K within four business days of their being deemed material, and annual disclosures in Form 10-K pertaining to (1) cybersecurity risk management and strategy, (2) management's role in assessing and managing material risks from cybersecurity threats, and (3) the board of directors' oversight of cybersecurity risks. The Form 10-K disclosures are due beginning with annual reports for fiscal years ending on or after December 15, 2023, and the Form 8-K disclosures were due beginning December 18, 2023. The Company is complying with the disclosure requirements set forth in the final rule as each becomes effective.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition	9 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE RECOGNITION 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, 2024 and 2023. Other countries consist of Mexico, Australia, New Zealand, and Singapore. Three Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total Geographic Areas: United States $ 666,170 $ 350,997 $ 1,017,167 $ 628,816 $ 363,945 $ 992,761 Canada 73,388 — 73,388 80,133 — 80,133 Other countries 49,798 6,037 55,835 52,650 6,491 59,141 Total $ 789,356 $ 357,034 $ 1,146,390 $ 761,599 $ 370,436 $ 1,132,035 Nine Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total Geographic Areas: United States $ 1,885,915 $ 1,035,262 $ 2,921,177 $ 1,795,148 $ 1,048,299 $ 2,843,447 Canada 225,858 — 225,858 234,605 — 234,605 Other countries 153,389 18,307 171,696 155,226 21,442 176,668 Total $ 2,265,162 $ 1,053,569 $ 3,318,731 $ 2,184,979 $ 1,069,741 $ 3,254,720 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, 2024 and 2023: Three Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total General Industry 35.6 % 40.7 % 37.2 % 33.9 % 39.9 % 35.8 % Food 17.3 % 2.5 % 12.7 % 13.1 % 2.7 % 9.7 % Industrial Machinery 6.8 % 24.3 % 12.2 % 9.7 % 25.9 % 15.0 % Metals 11.4 % 7.4 % 10.2 % 10.6 % 7.8 % 9.7 % Forest Products 11.7 % 3.1 % 9.0 % 12.5 % 3.6 % 9.6 % Chem/Petrochem 2.6 % 15.4 % 6.6 % 2.9 % 14.3 % 6.6 % Cement & Aggregate 6.7 % 1.1 % 5.0 % 7.9 % 1.2 % 5.7 % Oil & Gas 4.4 % 1.9 % 3.6 % 5.8 % 1.4 % 4.4 % Transportation 3.5 % 3.6 % 3.5 % 3.6 % 3.2 % 3.5 % Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Nine Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total General Industry 34.9 % 39.5 % 36.3 % 33.8 % 40.6 % 36.1 % Food 15.0 % 2.6 % 11.1 % 13.0 % 2.6 % 9.6 % Industrial Machinery 8.2 % 24.8 % 13.5 % 10.0 % 26.8 % 15.5 % Metals 11.0 % 7.7 % 10.0 % 10.7 % 7.7 % 9.7 % Forest Products 12.0 % 3.2 % 9.2 % 12.0 % 2.9 % 9.0 % Chem/Petrochem 2.7 % 15.7 % 6.8 % 3.0 % 13.7 % 6.5 % Cement & Aggregate 7.3 % 1.2 % 5.4 % 7.9 % 1.3 % 5.7 % Oil & Gas 5.3 % 1.7 % 4.1 % 5.9 % 1.3 % 4.4 % Transportation 3.6 % 3.6 % 3.6 % 3.7 % 3.1 % 3.5 % Total 100.0 % 100.0 % 100.0 % 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, 2024 and 2023: Three Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total Power Transmission 37.3 % 11.6 % 29.3 % 37.2 % 10.9 % 28.6 % Fluid Power 14.2 % 36.0 % 21.0 % 13.2 % 34.3 % 20.1 % General Maintenance; Hose Products & Other 22.0 % 17.1 % 20.4 % 20.6 % 19.1 % 20.1 % Bearings, Linear & Seals 26.5 % 0.4 % 18.4 % 29.0 % 0.4 % 19.6 % Specialty Flow Control — % 34.9 % 10.9 % — % 35.3 % 11.6 % Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Nine Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total Power Transmission 37.8 % 11.4 % 29.4 % 37.4 % 10.4 % 28.5 % Fluid Power 14.1 % 36.8 % 21.3 % 13.1 % 34.9 % 20.3 % General Maintenance; Hose Products & Other 21.9 % 17.1 % 20.4 % 21.1 % 19.3 % 20.5 % Bearings, Linear & Seals 26.2 % 0.4 % 18.0 % 28.4 % 0.4 % 19.2 % Specialty Flow Control — % 34.3 % 10.9 % — % 35.0 % 11.5 % Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 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. Activity related to contract assets, which are included in other current assets on the condensed consolidated balance sheet, is as follows: March 31, 2024 June 30, 2023 $ Change % Change Contract assets $ 15,125 $ 17,911 $ (2,786) (15.6) % The difference between the opening and closing balances of the Company's contract assets primarily results from the timing difference between the Company's performance and when the customer is billed.

Business Combinations

Business Combinations	9 Months Ended
	Mar. 31, 2024
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 2024 Acquisitions On September 1, 2023, the Company acquired substantially all of the net assets of Bearing Distributors, Inc. (BDI), a Columbia, South Carolina based provider of bearings, power transmission, industrial motion, and related service and repair capabilities. BDI is included in the Service Center Based Distribution segment. The purchase price for the acquisition was $18,000, net tangible assets acquired were $4,384, and intangible assets including goodwill were $13,616 based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase price includes $1,800 of acquisition holdback payments, which are included in other current liabilities and other liabilities on the condensed consolidated balance sheet as of March 31, 2024, and which will be paid on the first and second anniversaries of the acquisition date with interest at a fixed rate of 3.0% 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 August 1, 2023, the Company acquired substantially all of the net assets of Cangro Industries, Inc. (Cangro), a Farmingdale, New York based provider of bearings, power transmission, industrial motion, and related service and repair capabilities. Cangro is included in the Service Center Based Distribution segment. The purchase price for the acquisition was $6,219, net tangible assets acquired were $2,175, and intangible assets including goodwill were $4,044 based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase price includes $930 of acquisition holdback payments, which are included in other current liabilities and other liabilities on the condensed consolidated balance sheet as of March 31, 2024, and which will be paid on the first, second, and third anniversaries of the acquisition date with interest at a fixed rate of 1.0% 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. Fiscal 2023 Acquisitions On March 31, 2023, the Company acquired substantially all of the net assets of Advanced Motion Systems Inc. (AMS), a western New York based provider of automation products, services, and engineered solutions focused on a full range of machine vision, robotics, and motion control products and technologies. AMS is included in the Engineered Solutions segment. The purchase price for the acquisition was $10,118, net tangible assets acquired were $1,768, and intangible assets including goodwill were $8,350 based upon estimated fair values at the acquisition date. 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 1, 2022, the Company acquired substantially all of the net assets of Automation, Inc., a Minneapolis, Minnesota based provider of automation products, services, and engineered solutions focused on machine vision, collaborative and mobile robotics, motion control, intelligent sensors, pneumatics, and other related products and solutions. Automation, Inc. is included in the Engineered Solutions segment. The purchase price for the acquisition was $25,617, net tangible assets acquired were $3,639, and intangible assets including goodwill were $21,978 based upon estimated fair values at the acquisition date. 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, 2024
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 Engineered Solutions segment for the fiscal year ended June 30, 2023 and the nine month period ended March 31, 2024 are as follows: Service Center Based Distribution Engineered Solutions Total Balance at June 30, 2022 $ 211,010 $ 352,195 $ 563,205 Goodwill acquired during the period — 14,517 14,517 Other, primarily currency translation 221 475 696 Balance at June 30, 2023 $ 211,231 $ 367,187 $ 578,418 Goodwill acquired during the period 9,489 1,249 10,738 Other, primarily currency translation (443) — (443) Balance at March 31, 2024 $ 220,277 $ 368,436 $ 588,713 During the first quarter of fiscal 2024, the Company recorded an adjustment to the preliminary estimated fair value of intangible assets related to the AMS acquisition. The fair value of the trade name was reduced by $1,249, with a corresponding increase to goodwill of $1,249. During the second quarter of fiscal 2024, the Company recorded an adjustment to the preliminary estimated fair value of intangible assets related to the BDI acquisition. The fair value of the trade name was reduced by $2,130, and the fair value of the customer relationship was increased by $70, with a corresponding combined increase to goodwill of $2,060. The Company has eight (8) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2024. Based on the assessment performed, the Company concluded that the fair value of all of the reporting units exceeded their carrying amount as of January 1, 2024, therefore no impairment exists. At March 31, 2024 and June 30, 2023, accumulated goodwill impairment losses subsequent to fiscal year 2002 totaled $64,794 related to the Service Center Based Distribution segment and $167,605 related to the Engineered Solutions 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, 2024 Amount Accumulated Net Book Finite-Lived Identifiable Intangibles: Customer relationships $ 366,617 $ 199,849 $ 166,768 Trade names 85,587 33,406 52,181 Other 3,446 1,555 1,891 Total Identifiable Intangibles $ 455,650 $ 234,810 $ 220,840 June 30, 2023 Amount Accumulated Net Book Finite-Lived Identifiable Intangibles: Customer relationships $ 364,572 $ 188,804 $ 175,768 Trade names 108,301 50,823 57,478 Vendor relationships 9,861 9,744 117 Other 3,347 1,161 2,186 Total Identifiable Intangibles $ 486,081 $ 250,532 $ 235,549 Fully amortized amounts are written off. During the nine month period ended March 31, 2024, 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 $ 7,541 20.0 Trade names 530 3.0 Other 100 5.0 Total Identifiable Intangibles $ 8,171 18.7 Identifiable intangible assets with finite lives are reviewed for impairment when changes in conditions indicate carrying value may not be recoverable. Estimated future amortization expense by fiscal year (based on the Company’s identifiable intangible assets as of March 31, 2024) for the next five years is as follows: $6,700 for the remainder of 2024, $26,200 for 2025, $24,400 for 2026, $22,500 for 2027, $20,800 for 2028 and $19,300 for 2029.

Debt

Debt	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	DEBT A summary of long-term debt, including the current portion, follows: March 31, 2024 June 30, 2023 Revolving credit facility $ 383,592 383,592 Trade receivable securitization facility 188,300 188,300 Series D notes — 25,000 Series E notes 25,000 25,000 Other 169 356 Total debt $ 597,061 $ 622,248 Less: unamortized debt issuance costs 92 152 $ 596,969 $ 622,096 Revolving Credit Facility & Term Loan In December 2021, the Company entered into a new revolving credit facility with a group of banks to refinance the existing credit facility as well as provide funds for ongoing working capital and other general corporate purposes. The revolving credit facility provides a $900,000 unsecured revolving credit facility and an uncommitted accordion feature which allows the Company to request an increase in the borrowing commitments, or incremental term loans, under the credit facility in aggregate principal amounts of up to $500,000. In May 2023, the Company and the administrative agent entered into an amendment to the credit facility to replace LIBOR as a reference rate available for use in the computation of interest and replace it with SOFR. Borrowings under this agreement bear interest, at the Company's election, at either the base rate plus a margin that ranges from 0 to 55 basis points based on net leverage ratio or SOFR plus a margin that ranges from 80 to 155 basis points based on the net leverage ratio. Unused lines under this facility, net of outstanding letters of credit of $200 to secure certain insurance obligations, totaled $516,208 at March 31, 2024 and June 30, 2023, and were available to fund future acquisitions or other capital and operating requirements. The interest rate on the revolving credit facility was 6.23% and 6.11% as of March 31, 2024 and June 30, 2023, respectively. Additionally, the Company had letters of credit outstanding with separate banks, not associated with the revolving credit agreement, in the amount of $4,046 as of March 31, 2024 and June 30, 2023 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”). On March 26, 2021, the Company amended the AR Securitization Facility to expand the eligible receivables, which increased the maximum availability to $250,000 and increased the fees on the AR Securitization Facility to 0.98% per year. On August 4, 2023, the Company amended the AR Securitization Facility, extended the term to August 4, 2026, and reduced the drawn fees to 0.90% per year. 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 $250,000 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 U.S. operations’ trade accounts receivable. The Company uses the proceeds from the AR Securitization Facility as an alternative to other forms of debt, effectively reducing borrowing costs. In May 2023, the Company entered into an amendment to the AR Securitization Facility to replace LIBOR as a reference rate available for use in the computation of interest and replace it with SOFR, therefore borrowings under this facility carry variable interest rates tied to SOFR. The interest rate on the AR Securitization Facility as of March 31, 2024 and June 30, 2023 was 6.33% and 6.16%, respectively. Unsecured Shelf Facility At March 31, 2024 and June 30, 2023, the Company had borrowings outstanding under its unsecured shelf facility agreement with Prudential Investment Management of $25,000 and $50,000, respectively. Fees on this facility range from 0.25% to 1.25% per year based on the Company's leverage ratio at each quarter end. The "Series D" notes carried a fixed interest rate of 3.21%, and the remaining principal balance of $25,000 was paid in October 2023. The “Series E” notes have a principal amount of $25,000, carry a fixed interest rate of 3.08%, and are due in October 2024. Other Long-Term Borrowing

Derivatives Derivatives

Derivatives Derivatives	9 Months Ended
	Mar. 31, 2024
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 these objectives, 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, net 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 notional amount declines over time. 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. During the quarter ended December 31, 2020, the Company completed a transaction to amend and extend the interest rate swap agreement which resulted in an extension of the maturity date by an additional three years and a decrease of the weighted average fixed pay rate from 2.61% to 1.63%. The pay-fixed interest rate swap is considered a hybrid instrument with a financing component and an embedded at-market derivative that was designated as a cash flow hedge. In May 2023, the Company entered into bilaterial agreements with its swap counterparties to transition its interest rate swap agreements to SOFR, and further decreased the weighted average fixed pay rate to 1.58%. The Company made various Accounting Standards Codification Topic 848 elections related to changes in critical terms of the hedging relationship due to reference rate reform to not result in a dedesignation of the hedging relationship. As of May 31, 2023, the Company's interest rate swap agreement was indexed to SOFR. The interest rate swap converted approximately $384,000 of variable rate debt to a rate of 2.48% as of March 31, 2024 and to a rate of 2.59% as of June 30, 2023. The fair value (Level 2 in the fair value hierarchy) of the interest rate cash flow hedge was $20,035 and $27,044 as of March 31, 2024 and June 30, 2023, respectively, which is included in other current assets and other assets in the condensed consolidated balance sheet. Amounts reclassified from other comprehensive (loss) income, before tax, to interest expense, net totaled $(4,671) and $(3,036) for the three months ended March 31, 2024 and 2023, respectively, and $(14,024) and $(2,955) for the nine months ended March 31, 2024 and 2023, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Marketable securities measured at fair value at March 31, 2024 and June 30, 2023 totaled $22,405 and $18,637, 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, 2024 and June 30, 2023, 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 and the AR Securitization Facility contain variable interest rates and their carrying values approximate fair value (Level 2 in the fair value hierarchy).

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Mar. 31, 2024
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, 2024 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at December 31, 2023 $ (79,667) $ (244) $ 20,265 $ (59,646) Other comprehensive (loss) income (5,147) — 3,856 (1,291) Amounts reclassified from accumulated other comprehensive (loss) income — (24) (3,528) (3,552) Net current-period other comprehensive (loss) income (5,147) (24) 328 (4,843) Balance at March 31, 2024 $ (84,814) $ (268) $ 20,593 $ (64,489) Three Months Ended March 31, 2023 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at December 31, 2022 $ (96,374) $ (513) $ 29,501 $ (67,386) Other comprehensive income (loss) 5,766 — (1,741) 4,025 Amounts reclassified from accumulated other comprehensive (loss) income — 6 (2,289) (2,283) Net current-period other comprehensive income (loss) 5,766 6 (4,030) 1,742 Balance at March 31, 2023 $ (90,608) $ (507) $ 25,471 $ (65,644) Nine Months Ended March 31, 2024 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at June 30, 2023 $ (83,099) $ (197) $ 28,000 $ (55,296) Other comprehensive (loss) income (1,715) — 3,189 1,474 Amounts reclassified from accumulated other comprehensive (loss) income — (71) (10,596) (10,667) Net current-period other comprehensive loss (1,715) (71) (7,407) (9,193) Balance at March 31, 2024 $ (84,814) $ (268) $ 20,593 $ (64,489) Nine Months Ended March 31, 2023 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at June 30, 2022 $ (90,738) $ (1,303) $ 19,746 $ (72,295) Other comprehensive income 130 777 7,953 8,860 Amounts reclassified from accumulated other comprehensive (loss) income — 19 (2,228) (2,209) Net current-period other comprehensive income 130 796 5,725 6,651 Balance at March 31, 2023 $ (90,608) $ (507) $ 25,471 $ (65,644) Other Comprehensive Income Details of other comprehensive (loss) income are as follows: Three Months Ended March 31, 2024 2023 Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax (Benefit) Expense Net Amount Foreign currency translation adjustments $ (5,112) $ 35 $ (5,147) $ 5,763 $ (3) $ 5,766 Post-employment benefits: Reclassification of net actuarial losses and prior service cost into other (income) expense, net and included in net periodic pension costs (30) (6) (24) 9 3 6 Unrealized gain (loss) on cash flow hedge 5,105 1,249 3,856 (2,309) (568) (1,741) Reclassification of interest from cash flow hedge into interest expense, net (4,671) (1,143) (3,528) (3,036) (747) (2,289) Other comprehensive (loss) income $ (4,708) $ 135 $ (4,843) $ 427 $ (1,315) $ 1,742 Nine Months Ended March 31, 2024 2023 Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (1,685) $ 30 $ (1,715) $ 255 $ 125 $ 130 Post-employment benefits: Reclassification of net actuarial losses and prior service cost into other (income) expense, net and included in net periodic pension costs (90) (19) (71) 27 8 19 Termination of pension plan — — — 1,031 254 777 Unrealized gain on cash flow hedge 4,203 1,014 3,189 10,549 2,596 7,953 Reclassification of interest from cash flow hedge into interest expense, net (14,024) (3,428) (10,596) (2,955) (727) (2,228) Other comprehensive (loss) income $ (11,596) $ (2,403) $ (9,193) $ 8,907 $ 2,256 $ 6,651 Anti-dilutive Common Stock Equivalents

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION 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 $4,758 and $8,205 in the three months ended March 31, 2024 and 2023, respectively, and $12,726 and $26,118 in the nine months ended March 31, 2024 and 2023, respectively, is recorded in cost of sales in the condensed statements of consolidated income, and is included in operating income for the related reportable segment, as the Company allocates LIFO expense between the segments. Intercompany sales, primarily from the Engineered Solutions segment to the Service Center Based Distribution segment, of $13,790 and $13,754, in the three months ended March 31, 2024 and 2023, respectively, and $38,565 and $35,967 in the nine months ended March 31, 2024 and 2023 respectively, have been eliminated in the Segment Financial Information tables below. Three Months Ended Service Center Based Distribution Engineered Solutions Total March 31, 2024 Net sales $ 789,356 $ 357,034 $ 1,146,390 Operating income for reportable segments 100,470 49,511 149,981 Depreciation and amortization of property 4,431 1,371 5,802 Capital expenditures 4,230 3,261 7,491 March 31, 2023 Net sales $ 761,599 $ 370,436 $ 1,132,035 Operating income for reportable segments 103,083 51,917 155,000 Depreciation and amortization of property 4,486 1,079 5,565 Capital expenditures 3,413 4,579 7,992 Nine Months Ended Service Center Based Distribution Engineered Solutions Total March 31, 2024 Net sales $ 2,265,162 $ 1,053,569 $ 3,318,731 Operating income for reportable segments 288,791 150,273 439,064 Assets used in business 1,832,897 1,022,046 2,854,943 Depreciation and amortization of property 13,222 4,345 17,567 Capital expenditures 12,264 5,090 17,354 March 31, 2023 Net sales $ 2,184,979 $ 1,069,741 $ 3,254,720 Operating income for reportable segments 278,376 149,077 427,453 Assets used in business 1,537,793 1,070,845 2,608,638 Depreciation and amortization of property 13,409 3,189 16,598 Capital expenditures 11,729 9,080 20,809 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, 2024 2023 2024 2023 Operating income for reportable segments $ 149,981 $ 155,000 $ 439,064 $ 427,453 Adjustment for: Intangible amortization—Service Center Based Distribution 816 707 2,415 2,195 Intangible amortization—Engineered Solutions 6,135 6,963 19,186 20,994 Corporate and other expense, net 21,824 20,419 60,983 57,928 Total operating income 121,206 126,911 356,480 346,336 Interest expense, net 265 4,773 3,502 17,438 Other (income) expense, net (1,724) (142) (4,217) 1,624 Income before income taxes $ 122,665 $ 122,280 $ 357,195 $ 327,274 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, 2024
Other Income and Expenses [Abstract]
OTHER EXPENSE (INCOME), NET	OTHER (INCOME) EXPENSE, NET Other (income) expense, net consists of the following: Three Months Ended Nine Months Ended March 31, March 31, 2024 2023 2024 2023 Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan $ (1,600) $ (999) $ (2,985) $ (1,237) Foreign currency transactions loss (gain) 433 1,255 (470) 2,183 Net other periodic post-employment costs 26 67 77 1,386 Life insurance income, net (522) (393) (766) (608) Other, net (61) (72) (73) (100) Total other (income) expense, net $ (1,724) $ (142) $ (4,217) $ 1,624

Subsequent Events Subsequent Ev

Subsequent Events Subsequent Events	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS We have evaluated events and transactions occurring subsequent to March 31, 2024 through the date the financial statements were issued. In April 2024, the Company reached a definitive agreement to acquire substantially all of the net assets of Grupo Kopar, a provider of emerging automation technologies and engineered solutions primarily across Mexico. The Company intends to fund this acquisition using available cash, and the business will be included in the Engineered Solutions segment.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2024
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 fiscal 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. LIFO expense of $4,758 and $8,205 in the three months ended March 31, 2024 and 2023, respectively, and $12,726 and $26,118 in the nine months ended March 31, 2024 and 2023, respectively, is recorded in cost of sales in the condensed statements of consolidated income.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Guidance In December 2023, the FASB issued its final standard to improve income tax disclosures. This standard, issued as ASU 2023-09, requires public business entities to annually disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This update is effective for annual periods beginning after December 15, 2024. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In November 2023, the FASB issued its final standard to improve reportable segment disclosures. This standard, issued as ASU 2023-07, requires enhanced disclosures about significant segment expenses, enhanced interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. This update is effective for all public entities for fiscal years beginning after December 15, 2023, with the interim disclosure requirements being effective for fiscal years beginning after December 15, 2024. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures. In July 2023, the SEC issued a final rule to require registrants to provide enhanced and standardized disclosures regarding cybersecurity risk management, strategy, governance, and incidents. The final rule establishes new requirements related to material cybersecurity incidents, which would need to be disclosed on Form 8-K within four business days of their being deemed material, and annual disclosures in Form 10-K pertaining to (1) cybersecurity risk management and strategy, (2) management's role in assessing and managing material risks from cybersecurity threats, and (3) the board of directors' oversight of cybersecurity risks. The Form 10-K disclosures are due beginning with annual reports for fiscal years ending on or after December 15, 2023, and the Form 8-K disclosures were due beginning December 18, 2023. The Company is complying with the disclosure requirements set forth in the final rule as each becomes effective.

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Tables)	9 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
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, 2024 and 2023. Other countries consist of Mexico, Australia, New Zealand, and Singapore. Three Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total Geographic Areas: United States $ 666,170 $ 350,997 $ 1,017,167 $ 628,816 $ 363,945 $ 992,761 Canada 73,388 — 73,388 80,133 — 80,133 Other countries 49,798 6,037 55,835 52,650 6,491 59,141 Total $ 789,356 $ 357,034 $ 1,146,390 $ 761,599 $ 370,436 $ 1,132,035 Nine Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total Geographic Areas: United States $ 1,885,915 $ 1,035,262 $ 2,921,177 $ 1,795,148 $ 1,048,299 $ 2,843,447 Canada 225,858 — 225,858 234,605 — 234,605 Other countries 153,389 18,307 171,696 155,226 21,442 176,668 Total $ 2,265,162 $ 1,053,569 $ 3,318,731 $ 2,184,979 $ 1,069,741 $ 3,254,720
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, 2024 and 2023: Three Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total General Industry 35.6 % 40.7 % 37.2 % 33.9 % 39.9 % 35.8 % Food 17.3 % 2.5 % 12.7 % 13.1 % 2.7 % 9.7 % Industrial Machinery 6.8 % 24.3 % 12.2 % 9.7 % 25.9 % 15.0 % Metals 11.4 % 7.4 % 10.2 % 10.6 % 7.8 % 9.7 % Forest Products 11.7 % 3.1 % 9.0 % 12.5 % 3.6 % 9.6 % Chem/Petrochem 2.6 % 15.4 % 6.6 % 2.9 % 14.3 % 6.6 % Cement & Aggregate 6.7 % 1.1 % 5.0 % 7.9 % 1.2 % 5.7 % Oil & Gas 4.4 % 1.9 % 3.6 % 5.8 % 1.4 % 4.4 % Transportation 3.5 % 3.6 % 3.5 % 3.6 % 3.2 % 3.5 % Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Nine Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total General Industry 34.9 % 39.5 % 36.3 % 33.8 % 40.6 % 36.1 % Food 15.0 % 2.6 % 11.1 % 13.0 % 2.6 % 9.6 % Industrial Machinery 8.2 % 24.8 % 13.5 % 10.0 % 26.8 % 15.5 % Metals 11.0 % 7.7 % 10.0 % 10.7 % 7.7 % 9.7 % Forest Products 12.0 % 3.2 % 9.2 % 12.0 % 2.9 % 9.0 % Chem/Petrochem 2.7 % 15.7 % 6.8 % 3.0 % 13.7 % 6.5 % Cement & Aggregate 7.3 % 1.2 % 5.4 % 7.9 % 1.3 % 5.7 % Oil & Gas 5.3 % 1.7 % 4.1 % 5.9 % 1.3 % 4.4 % Transportation 3.6 % 3.6 % 3.6 % 3.7 % 3.1 % 3.5 % Total 100.0 % 100.0 % 100.0 % 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, 2024 and 2023: Three Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total Power Transmission 37.3 % 11.6 % 29.3 % 37.2 % 10.9 % 28.6 % Fluid Power 14.2 % 36.0 % 21.0 % 13.2 % 34.3 % 20.1 % General Maintenance; Hose Products & Other 22.0 % 17.1 % 20.4 % 20.6 % 19.1 % 20.1 % Bearings, Linear & Seals 26.5 % 0.4 % 18.4 % 29.0 % 0.4 % 19.6 % Specialty Flow Control — % 34.9 % 10.9 % — % 35.3 % 11.6 % Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Nine Months Ended March 31, 2024 2023 Service Center Based Distribution Engineered Solutions Total Service Center Based Distribution Engineered Solutions Total Power Transmission 37.8 % 11.4 % 29.4 % 37.4 % 10.4 % 28.5 % Fluid Power 14.1 % 36.8 % 21.3 % 13.1 % 34.9 % 20.3 % General Maintenance; Hose Products & Other 21.9 % 17.1 % 20.4 % 21.1 % 19.3 % 20.5 % Bearings, Linear & Seals 26.2 % 0.4 % 18.0 % 28.4 % 0.4 % 19.2 % Specialty Flow Control — % 34.3 % 10.9 % — % 35.0 % 11.5 % Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
Contract with Customer, Asset and Liability [Table Text Block]	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. Activity related to contract assets, which are included in other current assets on the condensed consolidated balance sheet, is as follows: March 31, 2024 June 30, 2023 $ Change % Change Contract assets $ 15,125 $ 17,911 $ (2,786) (15.6) % The difference between the opening and closing balances of the Company's contract assets primarily results from the timing difference between the Company's performance and when the customer is billed.

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Mar. 31, 2024
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 Engineered Solutions segment for the fiscal year ended June 30, 2023 and the nine month period ended March 31, 2024 are as follows: Service Center Based Distribution Engineered Solutions Total Balance at June 30, 2022 $ 211,010 $ 352,195 $ 563,205 Goodwill acquired during the period — 14,517 14,517 Other, primarily currency translation 221 475 696 Balance at June 30, 2023 $ 211,231 $ 367,187 $ 578,418 Goodwill acquired during the period 9,489 1,249 10,738 Other, primarily currency translation (443) — (443) Balance at March 31, 2024 $ 220,277 $ 368,436 $ 588,713
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, 2024 Amount Accumulated Net Book Finite-Lived Identifiable Intangibles: Customer relationships $ 366,617 $ 199,849 $ 166,768 Trade names 85,587 33,406 52,181 Other 3,446 1,555 1,891 Total Identifiable Intangibles $ 455,650 $ 234,810 $ 220,840 June 30, 2023 Amount Accumulated Net Book Finite-Lived Identifiable Intangibles: Customer relationships $ 364,572 $ 188,804 $ 175,768 Trade names 108,301 50,823 57,478 Vendor relationships 9,861 9,744 117 Other 3,347 1,161 2,186 Total Identifiable Intangibles $ 486,081 $ 250,532 $ 235,549 Fully amortized amounts are written off.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	During the nine month period ended March 31, 2024, 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 $ 7,541 20.0 Trade names 530 3.0 Other 100 5.0 Total Identifiable Intangibles $ 8,171 18.7

Debt (Tables)

Debt (Tables)	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	A summary of long-term debt, including the current portion, follows: March 31, 2024 June 30, 2023 Revolving credit facility $ 383,592 383,592 Trade receivable securitization facility 188,300 188,300 Series D notes — 25,000 Series E notes 25,000 25,000 Other 169 356 Total debt $ 597,061 $ 622,248 Less: unamortized debt issuance costs 92 152 $ 596,969 $ 622,096

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2024
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, 2024 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at December 31, 2023 $ (79,667) $ (244) $ 20,265 $ (59,646) Other comprehensive (loss) income (5,147) — 3,856 (1,291) Amounts reclassified from accumulated other comprehensive (loss) income — (24) (3,528) (3,552) Net current-period other comprehensive (loss) income (5,147) (24) 328 (4,843) Balance at March 31, 2024 $ (84,814) $ (268) $ 20,593 $ (64,489) Three Months Ended March 31, 2023 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at December 31, 2022 $ (96,374) $ (513) $ 29,501 $ (67,386) Other comprehensive income (loss) 5,766 — (1,741) 4,025 Amounts reclassified from accumulated other comprehensive (loss) income — 6 (2,289) (2,283) Net current-period other comprehensive income (loss) 5,766 6 (4,030) 1,742 Balance at March 31, 2023 $ (90,608) $ (507) $ 25,471 $ (65,644) Nine Months Ended March 31, 2024 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at June 30, 2023 $ (83,099) $ (197) $ 28,000 $ (55,296) Other comprehensive (loss) income (1,715) — 3,189 1,474 Amounts reclassified from accumulated other comprehensive (loss) income — (71) (10,596) (10,667) Net current-period other comprehensive loss (1,715) (71) (7,407) (9,193) Balance at March 31, 2024 $ (84,814) $ (268) $ 20,593 $ (64,489) Nine Months Ended March 31, 2023 Foreign currency translation adjustment Post-employment benefits Cash flow hedge Total Accumulated other comprehensive (loss) income Balance at June 30, 2022 $ (90,738) $ (1,303) $ 19,746 $ (72,295) Other comprehensive income 130 777 7,953 8,860 Amounts reclassified from accumulated other comprehensive (loss) income — 19 (2,228) (2,209) Net current-period other comprehensive income 130 796 5,725 6,651 Balance at March 31, 2023 $ (90,608) $ (507) $ 25,471 $ (65,644)
Schedule of Comprehensive Income (Loss) [Table Text Block]	Other Comprehensive Income Details of other comprehensive (loss) income are as follows: Three Months Ended March 31, 2024 2023 Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax (Benefit) Expense Net Amount Foreign currency translation adjustments $ (5,112) $ 35 $ (5,147) $ 5,763 $ (3) $ 5,766 Post-employment benefits: Reclassification of net actuarial losses and prior service cost into other (income) expense, net and included in net periodic pension costs (30) (6) (24) 9 3 6 Unrealized gain (loss) on cash flow hedge 5,105 1,249 3,856 (2,309) (568) (1,741) Reclassification of interest from cash flow hedge into interest expense, net (4,671) (1,143) (3,528) (3,036) (747) (2,289) Other comprehensive (loss) income $ (4,708) $ 135 $ (4,843) $ 427 $ (1,315) $ 1,742 Nine Months Ended March 31, 2024 2023 Pre-Tax Amount Tax Expense (Benefit) Net Amount Pre-Tax Amount Tax Expense (Benefit) Net Amount Foreign currency translation adjustments $ (1,685) $ 30 $ (1,715) $ 255 $ 125 $ 130 Post-employment benefits: Reclassification of net actuarial losses and prior service cost into other (income) expense, net and included in net periodic pension costs (90) (19) (71) 27 8 19 Termination of pension plan — — — 1,031 254 777 Unrealized gain on cash flow hedge 4,203 1,014 3,189 10,549 2,596 7,953 Reclassification of interest from cash flow hedge into interest expense, net (14,024) (3,428) (10,596) (2,955) (727) (2,228) Other comprehensive (loss) income $ (11,596) $ (2,403) $ (9,193) $ 8,907 $ 2,256 $ 6,651

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment financial information	Three Months Ended Service Center Based Distribution Engineered Solutions Total March 31, 2024 Net sales $ 789,356 $ 357,034 $ 1,146,390 Operating income for reportable segments 100,470 49,511 149,981 Depreciation and amortization of property 4,431 1,371 5,802 Capital expenditures 4,230 3,261 7,491 March 31, 2023 Net sales $ 761,599 $ 370,436 $ 1,132,035 Operating income for reportable segments 103,083 51,917 155,000 Depreciation and amortization of property 4,486 1,079 5,565 Capital expenditures 3,413 4,579 7,992 Nine Months Ended Service Center Based Distribution Engineered Solutions Total March 31, 2024 Net sales $ 2,265,162 $ 1,053,569 $ 3,318,731 Operating income for reportable segments 288,791 150,273 439,064 Assets used in business 1,832,897 1,022,046 2,854,943 Depreciation and amortization of property 13,222 4,345 17,567 Capital expenditures 12,264 5,090 17,354 March 31, 2023 Net sales $ 2,184,979 $ 1,069,741 $ 3,254,720 Operating income for reportable segments 278,376 149,077 427,453 Assets used in business 1,537,793 1,070,845 2,608,638 Depreciation and amortization of property 13,409 3,189 16,598 Capital expenditures 11,729 9,080 20,809
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, 2024 2023 2024 2023 Operating income for reportable segments $ 149,981 $ 155,000 $ 439,064 $ 427,453 Adjustment for: Intangible amortization—Service Center Based Distribution 816 707 2,415 2,195 Intangible amortization—Engineered Solutions 6,135 6,963 19,186 20,994 Corporate and other expense, net 21,824 20,419 60,983 57,928 Total operating income 121,206 126,911 356,480 346,336 Interest expense, net 265 4,773 3,502 17,438 Other (income) expense, net (1,724) (142) (4,217) 1,624 Income before income taxes $ 122,665 $ 122,280 $ 357,195 $ 327,274

Other Income, Net (Tables)

Other Income, Net (Tables)	9 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Other expense (income), net	Other (income) expense, net consists of the following: Three Months Ended Nine Months Ended March 31, March 31, 2024 2023 2024 2023 Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan $ (1,600) $ (999) $ (2,985) $ (1,237) Foreign currency transactions loss (gain) 433 1,255 (470) 2,183 Net other periodic post-employment costs 26 67 77 1,386 Life insurance income, net (522) (393) (766) (608) Other, net (61) (72) (73) (100) Total other (income) expense, net $ (1,724) $ (142) $ (4,217) $ 1,624

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventory, LIFO Reserve, Period Charge	$ 4,758	$ 8,205	$ 12,726	$ 26,118

Revenue Recognition Revenue R_3

Revenue Recognition Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 1,146,390	$ 1,132,035	$ 3,318,731	$ 3,254,720
UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	1,017,167	992,761	2,921,177	2,843,447
CANADA
Disaggregation of Revenue [Line Items]
Net sales	73,388	80,133	225,858	234,605
Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	55,835	59,141	171,696	176,668
Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	789,356	761,599	2,265,162	2,184,979
Service Center Based Distribution Segment [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	666,170	628,816	1,885,915	1,795,148
Service Center Based Distribution Segment [Member] | CANADA
Disaggregation of Revenue [Line Items]
Net sales	73,388	80,133	225,858	234,605
Service Center Based Distribution Segment [Member] | Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	49,798	52,650	153,389	155,226
Engineered Solutions Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	357,034	370,436	1,053,569	1,069,741
Engineered Solutions Segment [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	350,997	363,945	1,035,262	1,048,299
Engineered Solutions Segment [Member] | CANADA
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Engineered Solutions Segment [Member] | Other Countries [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 6,037	$ 6,491	$ 18,307	$ 21,442

Revenue Recognition Revenue R_4

Revenue Recognition Revenue Recognition (Details 1)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
General Industry [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	37.20%	35.80%	36.30%	36.10%
Food [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	12.70%	9.70%	11.10%	9.60%
Industrial Machinery [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	12.20%	15%	13.50%	15.50%
Metals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	10.20%	9.70%	10%	9.70%
Forest Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	9%	9.60%	9.20%	9%
Chem/Petrochem [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	6.60%	6.60%	6.80%	6.50%
Cement & Aggregate [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	5%	5.70%	5.40%	5.70%
Oil & Gas [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.60%	4.40%	4.10%	4.40%
Transportation [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.50%	3.50%	3.60%	3.50%
Total
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100%	100%	100%	100%
Service Center Based Distribution Segment [Member] | General Industry [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	35.60%	33.90%	34.90%	33.80%
Service Center Based Distribution Segment [Member] | Food [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	17.30%	13.10%	15%	13%
Service Center Based Distribution Segment [Member] | Industrial Machinery [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	6.80%	9.70%	8.20%	10%
Service Center Based Distribution Segment [Member] | Metals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	11.40%	10.60%	11%	10.70%
Service Center Based Distribution Segment [Member] | Forest Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	11.70%	12.50%	12%	12%
Service Center Based Distribution Segment [Member] | Chem/Petrochem [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.60%	2.90%	2.70%	3%
Service Center Based Distribution Segment [Member] | Cement & Aggregate [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	6.70%	7.90%	7.30%	7.90%
Service Center Based Distribution Segment [Member] | Oil & Gas [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	4.40%	5.80%	5.30%	5.90%
Service Center Based Distribution Segment [Member] | Transportation [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.50%	3.60%	3.60%	3.70%
Service Center Based Distribution Segment [Member] | Total
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100%	100%	100%	100%
Engineered Solutions Segment [Member] | General Industry [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	40.70%	39.90%	39.50%	40.60%
Engineered Solutions Segment [Member] | Food [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	2.50%	2.70%	2.60%	2.60%
Engineered Solutions Segment [Member] | Industrial Machinery [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	24.30%	25.90%	24.80%	26.80%
Engineered Solutions Segment [Member] | Metals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	7.40%	7.80%	7.70%	7.70%
Engineered Solutions Segment [Member] | Forest Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.10%	3.60%	3.20%	2.90%
Engineered Solutions Segment [Member] | Chem/Petrochem [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	15.40%	14.30%	15.70%	13.70%
Engineered Solutions Segment [Member] | Cement & Aggregate [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	1.10%	1.20%	1.20%	1.30%
Engineered Solutions Segment [Member] | Oil & Gas [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	1.90%	1.40%	1.70%	1.30%
Engineered Solutions Segment [Member] | Transportation [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	3.60%	3.20%	3.60%	3.10%
Engineered Solutions Segment [Member] | Total
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Customer Industry, Percent	100%	100%	100%	100%

Revenue Recognition Revenue R_5

Revenue Recognition Revenue Recognition (Details 2)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100%	100%	100%	100%
Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	29.30%	28.60%	29.40%	28.50%
Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	21%	20.10%	21.30%	20.30%
General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	20.40%	20.10%	20.40%	20.50%
Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	18.40%	19.60%	18%	19.20%
Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	10.90%	11.60%	10.90%	11.50%
Service Center Based Distribution Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100%	100%	100%	100%
Service Center Based Distribution Segment [Member] | Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	37.30%	37.20%	37.80%	37.40%
Service Center Based Distribution Segment [Member] | Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	14.20%	13.20%	14.10%	13.10%
Service Center Based Distribution Segment [Member] | General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	22%	20.60%	21.90%	21.10%
Service Center Based Distribution Segment [Member] | Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	26.50%	29%	26.20%	28.40%
Service Center Based Distribution Segment [Member] | Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	0%	0%	0%	0%
Engineered Solutions Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	100%	100%	100%	100%
Engineered Solutions Segment [Member] | Power Transmission [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	11.60%	10.90%	11.40%	10.40%
Engineered Solutions Segment [Member] | Fluid Power [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	36%	34.30%	36.80%	34.90%
Engineered Solutions Segment [Member] | General Maintenance; Hose Products [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	17.10%	19.10%	17.10%	19.30%
Engineered Solutions Segment [Member] | Bearings, Linear & Seals [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	0.40%	0.40%	0.40%	0.40%
Engineered Solutions Segment [Member] | Specialty Flow Control [Domain]
Disaggregation of Revenue [Line Items]
Disaggregated Revenue by Product Line, Percent	34.90%	35.30%	34.30%	35%

Revenue Recognition Revenue R_6

Revenue Recognition Revenue Recognition (Details 3) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract Assets	$ 15,125	$ 17,911
Contract Assets Period $ Change	$ (2,786)
Contract Assets Period % Change	(15.60%)

Business Combinations Business

Business Combinations Business Combinations Textuals (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2024	Jun. 30, 2023	Sep. 01, 2023	Aug. 01, 2023	Mar. 31, 2023	Nov. 01, 2022
Bearing Distributors, Inc.
Total Consideration	$ 18,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			$ 4,384
Intangible Assets, Net (Including Goodwill)			13,616
Funding from Holdback Payments			$ 1,800
Debt Instrument, Interest Rate, Stated Percentage			3%
Cangro Industries, Inc.
Total Consideration	$ 6,219
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				$ 2,175
Intangible Assets, Net (Including Goodwill)				4,044
Funding from Holdback Payments				$ 930
Debt Instrument, Interest Rate, Stated Percentage				1%
Advanced Motion Systems, Inc.
Total Consideration		$ 10,118
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net					$ 1,768
Intangible Assets, Net (Including Goodwill)					$ 8,350
Automation, Inc
Total Consideration		$ 25,617
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net						$ 3,639
Intangible Assets, Net (Including Goodwill)						$ 21,978

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2024	Jun. 30, 2023
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	$ 578,418	$ 563,205
Goodwill acquired during the period	10,738	14,517
Other, primarily currency translation	(443)	696
Balance at end of period	588,713	578,418
Service Center Based Distribution Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	211,231	211,010
Goodwill acquired during the period	9,489	0
Other, primarily currency translation	(443)	221
Balance at end of period	220,277	211,231
Engineered Solutions Segment [Member]
Changes in the carrying amount of goodwill by reportable segment
Balance at beginning of period	367,187	352,195
Goodwill acquired during the period	1,249	14,517
Other, primarily currency translation	0	475
Balance at end of period	$ 368,436	$ 367,187

Goodwill and Intangibles (Det_2

Goodwill and Intangibles (Details 1) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Amortization details resulting from business combinations
Amount	$ 455,650	$ 486,081
Accumulated Amortization	234,810	250,532
Net Book Value	220,840	235,549
Customer relationships
Amortization details resulting from business combinations
Amount	366,617	364,572
Accumulated Amortization	199,849	188,804
Net Book Value	166,768	175,768
Trade names
Amortization details resulting from business combinations
Amount	85,587	108,301
Accumulated Amortization	33,406	50,823
Net Book Value	52,181	57,478
Vendor relationships
Amortization details resulting from business combinations
Amount		9,861
Accumulated Amortization		9,744
Net Book Value		117
Other Intangible Assets
Amortization details resulting from business combinations
Amount	3,446	3,347
Accumulated Amortization	1,555	1,161
Net Book Value	$ 1,891	$ 2,186

Goodwill and Intangibles (Det_3

Goodwill and Intangibles (Details2)	9 Months Ended
	Mar. 31, 2024 USD ($)
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquisition Cost Allocation	$ 8,171,000
Weighted-Average life	18 years 8 months 12 days
Customer Relationships [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquisition Cost Allocation	$ 7,541,000
Weighted-Average life	20 years
Trade Names [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquisition Cost Allocation	$ 530,000
Weighted-Average life	3 years
Other Intangible Assets [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquisition Cost Allocation	$ 100,000
Weighted-Average life	5 years

Goodwill and Intangibles (Det_4

Goodwill and Intangibles (Details Textuals) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)
Goodwill [Line Items]
Number of Reporting Units	8
Goodwill and Intangibles (Textuals) [Abstract]
Amortization expense for the remainder of 2024	$ 6,700
Amortization expense for 2025	26,200
Amortization expense for 2026	24,400
Amortization expense for 2027	22,500
Amortization expense for 2028	20,800
Amortization expense for 2029	19,300
Advanced Motion Systems, Inc. | Trade Names [Member]
Goodwill [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments			$ 1,249
Bearing Distributors, Inc. | Trade Names [Member]
Goodwill [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments		$ 2,130
Bearing Distributors, Inc. | Customer Relationships [Member]
Goodwill [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments		70
Service Center Based Distribution Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses	64,794
Service Center Based Distribution Segment [Member] | Bearing Distributors, Inc.
Goodwill [Line Items]
Goodwill adjusted during the period		$ 2,060
Engineered Solutions Segment [Member]
Goodwill [Line Items]
Accumulated goodwill impairment losses	$ 167,605
Engineered Solutions Segment [Member] | Advanced Motion Systems, Inc.
Goodwill [Line Items]
Goodwill adjusted during the period			$ 1,249

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Long-term Debt Instruments [Line Items]
Revolving credit facility	$ 383,592	$ 383,592
Total debt	597,061	622,248
Less: unamortized debt issuance costs	92	152
Debt, Long-term and Short-term, Combined Amount	596,969	622,096
Asset-backed Securities, Securitized Loans and Receivables [Member]
Long-term Debt Instruments [Line Items]
Trade receivable securitization facility	188,300	188,300
Prudential Facility - Series D [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	0	25,000
Prudential Facility - Series E [Member] [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	25,000	25,000
State of Ohio Assumed Debt [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	$ 169	$ 356

Debt (Textuals) (Details)

Debt (Textuals) (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2023
Long-term Debt Instruments [Line Items]
Letters of Credit Outstanding, Amount	$ 4,046
Asset-backed Securities, Securitized Loans and Receivables [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Face Amount	$ 250,000
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	6.33%	6.16%
Debt Instrument, Interest Rate, Stated Percentage	0.90%	0.98%
Prudential Facility [Domain]
Long-term Debt Instruments [Line Items]
Long-term Debt	$ 25,000	$ 50,000
Prudential Facility [Domain] | Minimum [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.25%
Prudential Facility [Domain] | Maximum [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.25%
Prudential Facility - Series D [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	$ 0	25,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.21%
Prudential Facility - Series E [Member] [Member]
Long-term Debt Instruments [Line Items]
Long-term Debt	$ 25,000	25,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.08%
State of Ohio Assumed Debt [Member]
Long-term Debt Instruments [Line Items]
Debt Instrument, Face Amount	$ 2,359
Long-term Debt	$ 169	$ 356
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.50%
Revolving Credit Facility [Member]
Long-term Debt Instruments [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 900,000
Debt Instrument, Face Amount	500,000
Letters of Credit Outstanding, Amount	200
Line of Credit Facility, Remaining Borrowing Capacity	$ 516,208
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	6.23%	6.11%
Revolving Credit Facility [Member] | Minimum [Member]
Long-term Debt Instruments [Line Items]
Variable interest rate, base rate plus margin	0%
Variable interest rate, SOFR plus margin	8,000%
Revolving Credit Facility [Member] | Maximum [Member]
Long-term Debt Instruments [Line Items]
Variable interest rate, base rate plus margin	5,500%
Variable interest rate, SOFR plus margin	15,500%

Derivatives Derivatives (Detail

Derivatives Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023	Jun. 30, 2022
Derivative [Line Items]
Derivative, Amount of Hedged Item	$ 384,000		$ 384,000			$ 463,000
Derivative, Fixed Interest Rate	1.58%	1.63%	1.58%	1.63%		2.61%
Derivative, Variable Interest Rate	2.48%		2.48%		2.59%
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 20,035		$ 20,035		$ 27,044
Reclassification of interest from cash flow hedge into interest expense, net	$ (4,671)	$ (3,036)	$ (14,024)	$ (2,955)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Level 1 [Member] | Recurring [Member]
Fair Value Measurements (Textuals) [Line Items]
Marketable securities	$ 22,405	$ 18,637

Shareholders' Equity Accumulate

Shareholders' Equity Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period			$ (55,296)				$ (55,296)
Other comprehensive income (loss), Cash flow hedge	$ 3,856			$ (1,741)			3,189	$ 7,953
Amounts reclassified from accumulated other comprehensive (loss) income, Cash flow hedge	(3,528)			(2,289)			(10,596)	(2,228)
Net current-period other comprehensive income (loss), net of taxes, Foreign Currency Translation Adjustment	(5,147)			5,766			(1,715)	130
Net current-period other comprehensive income (loss), net of taxes, Total accumulated other comprehensive income (loss)	(4,843)			1,742			(9,193)	6,651
Balance at end of period	(64,489)						(64,489)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive (loss) income	(3,552)			(2,283)			(10,667)	(2,209)
Amounts reclassified from accumulated other comprehensive (loss) income, Postemployment benefits	(24)			6			(71)	19
Amounts reclassified from accumulated other comprehensive (loss) income, Cash flow hedge	(3,528)			(2,289)			(10,596)	(2,228)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(79,667)		(83,099)	(96,374)		$ (90,738)	(83,099)	(90,738)
Other comprehensive income (loss), Foreign Currency Translation Adjustment	(5,147)			5,766			(1,715)	130
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	(5,147)			5,766			(1,715)	130
Balance at end of period	(84,814)	$ (79,667)		(90,608)	$ (96,374)		(84,814)	(90,608)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(244)		(197)	(513)		(1,303)	(197)	(1,303)
Other comprehensive income (loss), Postemployment Benefits,	0			0			0	777
Net current-period other comprehensive income (loss), net of taxes, Postemployment benefits	(24)			6			(71)	796
Balance at end of period	(268)	(244)		(507)	(513)		(268)	(507)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	20,265		28,000	29,501		19,746	28,000	19,746
Other comprehensive income (loss), Cash flow hedge	3,856			(1,741)			3,189	7,953
Net current-period other comprehensive income (loss), net of taxes, Cash flow hedge	328			(4,030)			(7,407)	5,725
Balance at end of period	20,593	20,265		25,471	29,501		20,593	25,471
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(59,646)		(55,296)	(67,386)		(72,295)	(55,296)	(72,295)
Other comprehensive income (loss), Total accumulated other comprehensive income (loss)	(1,291)			4,025			1,474	8,860
Net current-period other comprehensive income (loss), net of taxes, Total accumulated other comprehensive income (loss)	(4,843)	2,724	$ (7,074)	1,742	6,544	$ (1,635)	(9,193)	6,651
Balance at end of period	$ (64,489)	$ (59,646)		$ (65,644)	$ (67,386)		$ (64,489)	$ (65,644)

Shareholders' Equity (Details)

Shareholders' Equity (Details) 1 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Other comprehensive income (loss):
Foreign currency translation adjustments, before Tax	$ (5,112)	$ 5,763	$ (1,685)	$ 255
Foreign currency translation adjustments, Tax	35	(3)	30	125
Foreign currency translation adjustments, Net of Tax	(5,147)	5,766	(1,715)	130
Post-employment benefits:
Reclassification of net actuarial losses and prior service cost into other (income) expense, net and included in net periodic pension costs, before Tax	(30)	9	(90)	27
Reclassification of net actuarial losses and prior service cost into other (income) expense, net and included in net periodic pension costs, Tax	(6)	3	(19)	8
Reclassification of net actuarial losses and prior service cost into other (income) expense, net and included in net periodic pension costs, Net of Tax	(24)	6	(71)	19
Termination of Pension Plan, before Tax	0	0	0	1,031
Termination of Pension Plan, Tax			0	254
Termination of Pension Plan, Net of Tax			0	777
Unrealized gain (loss) on cash flow hedge, before Tax	5,105	(2,309)	4,203	10,549
Unrealized gain (loss) on cash flow hedge, Tax	1,249	(568)	1,014	2,596
Unrealized gain (loss) on cash flow hedge, Net of Tax	3,856	(1,741)	3,189	7,953
Reclassification of interest from cash flow hedge into interest expense, net	(4,671)	(3,036)	(14,024)	(2,955)
Reclassification of interest from cash flow hedge into interest expense, Tax	(1,143)	(747)	(3,428)	(727)
Reclassification of interest from cash flow hedge into interest expense, Net of Tax	(3,528)	(2,289)	(10,596)	(2,228)
Other comprehensive (loss) income, before tax	(4,708)	427	(11,596)	8,907
Other comprehensive (loss) income, tax	135	(1,315)	(2,403)	2,256
Other comprehensive (loss) income, net of tax	$ (4,843)	$ 1,742	$ (9,193)	$ 6,651

Shareholders' Equity (Textuals)

Shareholders' Equity (Textuals) (Details) - shares shares in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	77	102	109

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 1,146,390	$ 1,132,035	$ 3,318,731	$ 3,254,720
Operating income for reportable segments	121,206	126,911	356,480	346,336
Assets used in business	2,854,943	2,608,638	2,854,943	2,608,638	$ 2,743,332
Depreciation and amortization of property	5,802	5,565	17,567	16,598
Capital expenditures	7,491	7,992	17,354	20,809
Service Center Based Distribution Segment [Member]
Segment Reporting Information [Line Items]
Net sales	789,356	761,599	2,265,162	2,184,979
Operating income for reportable segments	100,470	103,083	288,791	278,376
Assets used in business	1,832,897	1,537,793	1,832,897	1,537,793
Depreciation and amortization of property	4,431	4,486	13,222	13,409
Capital expenditures	4,230	3,413	12,264	11,729
Engineered Solutions Segment [Member]
Segment Reporting Information [Line Items]
Net sales	357,034	370,436	1,053,569	1,069,741
Operating income for reportable segments	49,511	51,917	150,273	149,077
Assets used in business	1,022,046	1,070,845	1,022,046	1,070,845
Depreciation and amortization of property	1,371	1,079	4,345	3,189
Capital expenditures	3,261	4,579	5,090	9,080
Reportable Segments Total
Segment Reporting Information [Line Items]
Operating income for reportable segments	$ 149,981	$ 155,000	$ 439,064	$ 427,453

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	$ 121,206	$ 126,911	$ 356,480	$ 346,336
Adjustment for:
Intangible amortization			21,601	23,189
Corporate and other expense, net	21,824	20,419	60,983	57,928
Operating income	121,206	126,911	356,480	346,336
Interest expense, net	265	4,773	3,502	17,438
Other (income) expense, net	(1,724)	(142)	(4,217)	1,624
Income before income taxes	122,665	122,280	357,195	327,274
Reportable Segments Total
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	149,981	155,000	439,064	427,453
Adjustment for:
Operating income	149,981	155,000	439,064	427,453
Service Center Based Distribution Segment [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	100,470	103,083	288,791	278,376
Adjustment for:
Intangible amortization	816	707	2,415	2,195
Operating income	100,470	103,083	288,791	278,376
Engineered Solutions Segment [Member]
Reconciliation of operating income for reportable segments to the consolidated income before income taxes
Operating income for reportable segments	49,511	51,917	150,273	149,077
Adjustment for:
Intangible amortization	6,135	6,963	19,186	20,994
Operating income	$ 49,511	$ 51,917	$ 150,273	$ 149,077

Segment Information (Details Te

Segment Information (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Inventory, LIFO Reserve, Period Charge	$ 4,758	$ 8,205	$ 12,726	$ 26,118
Net sales	1,146,390	1,132,035	3,318,731	3,254,720
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ 13,790	$ 13,754	$ 38,565	$ 35,967

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Other Income and Expenses [Abstract]
Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan	$ (1,600)	$ (999)	$ (2,985)	$ (1,237)
Foreign currency transactions loss (gain)	433	1,255	(470)	2,183
Net other periodic post-employment costs	26	67	77	1,386
Life insurance income, net	(522)	(393)	(766)	(608)
Other, net	(61)	(72)	(73)	(100)
Total other (income) expense, net	$ (1,724)	$ (142)	$ (4,217)	$ 1,624