v3.25.2
Segment Information
 12 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company's reportable segments are: Service Center (formerly Service Center Based Distribution) and Engineered Solutions. The Company changed the reportable segment name from Service Center Based Distribution to Service Center in the fourth quarter of fiscal 2025. There was no change in the composition of either reportable segment. These reportable segments contain the Company's various operating segments which have been aggregated based upon similar economic and operating characteristics. The Service Center segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of production equipment and motion control infrastructure. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. The Engineered Solutions segment includes our operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies. The accounting policies of the Company’s reportable segments are as described in Note 1.
The Company's chief operating decision maker (CODM) is the chief executive officer. The CODM uses Segment Operating Income as the measure of segment profit and loss in measuring segment performance, determining how to allocate the Company's assets, evaluating performance in periodic reviews, and during the development of the annual budget and the regular forecasting process. The chief operating decision maker considers budget-to-actual variances on a quarterly basis, as well as segment-specific forecasting, when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses the segment's net sales in measuring segment performance.
In addition to the two reportable segments, there is a category of certain business activities and expenses, referred to as corporate & other, that does not constitute an operating segment. Corporate & other expense, net includes the cost of our corporate headquarters and corporate functions, primarily compensation and benefits, and related administrative expenses and other expenses not directly associated with any reportable segment. These corporate and other expenses reconcile segment operating income to total consolidated income before income taxes.
Segment Financial Information
Year Ended June 30, 2025Service CenterEngineered SolutionsTotal
     Total sales$3,017,254 $1,601,211 $4,618,465 
Less: Inter-segment sales1
2,906 52,135 55,041 
Net sales$3,014,348 $1,549,076 $4,563,424 
Less segment expenses:
     Cost of sales2,135,158 1,045,107 
     Selling, distribution, and administrative expense, including depreciation2
485,720 315,231 
     Segment operating income$393,470 $188,738 $582,208 
     Corporate & other expense, net83,679 
     Interest expense, net612 
     Other income, net(3,050)
Income before income taxes$500,967 
Year Ended June 30, 2024Service CenterEngineered SolutionsTotal
Total sales$3,059,363 $1,472,617 $4,531,980 
Less: Inter-segment sales1
2,808 49,766 52,574 
Net sales$3,056,555 $1,422,851 $4,479,406 
Less segment expenses:
Cost of sales2,173,085 969,668 
Selling, distribution, and administrative expense, including depreciation2
486,476 272,074 
Segment operating income$396,994 $181,109 $578,103 
Corporate & other expense, net82,280 
Interest expense, net2,831 
Other income, net(5,138)
Income before income taxes$498,130 
Year Ended June 30, 2023Service CenterEngineered SolutionsTotal
Total sales$2,969,494 $1,491,750 $4,461,244 
Less: Inter-segment sales1
2,652 45,798 48,450 
Net sales$2,966,842 $1,445,952 $4,412,794 
Less segment expenses:
Cost of sales2,120,467 1,005,362 
Selling, distribution, and administrative expense, including depreciation2
475,793 265,134 
     Segment operating income$370,582 $175,456 $546,038 
     Corporate & other expense, net72,887 
     Interest expense, net21,639 
     Other expense, net1,701 
Income before income taxes$449,811 
1The Company accounts for inter-segment sales using market rates.
2Amortization of intangibles is recorded within selling, distribution, and administrative expense, and therefore included in segment operating income for all periods presented.
Supplemental Segment Financial Information
Service CenterEngineered SolutionsTotal
Year Ended June 30, 2025
Assets used in the business$1,765,631 $1,409,913 $3,175,544 
Depreciation and amortization of property17,492 7,407 24,899 
Amortization of intangibles3,144 32,437 35,581 
Capital expenditures22,544 4,643 27,187 
Year Ended June 30, 2024
Assets used in the business$1,865,269 $1,086,641 $2,951,910 
Depreciation and amortization of property17,700 5,731 23,431 
Amortization of intangibles3,188 25,735 28,923 
Capital expenditures18,040 6,824 24,864 
Year Ended June 30, 2023
Assets used in the business$1,736,393 $1,006,939 $2,743,332 
Depreciation and amortization of property17,932 4,334 22,266 
Amortization of intangibles2,857 27,948 30,805 
Capital expenditures15,390 11,086 26,476 
Geographic Information
Long-lived assets are based on physical locations and are composed of the net book value of property and right of use assets. Information by geographic area is as follows:
June 30,20252024
Long-Lived Assets:
United States$269,218 $209,987 
Canada33,230 26,436 
Other Countries14,360 15,393 
Total$316,808 $251,816