v3.26.3
GOODWILL AND INTANGIBLES
3 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLES GOODWILL AND INTANGIBLES
The changes in the carrying amount of goodwill for both the Service Center segment and the Engineered Solutions segment for the year ended June 30, 2026 and the three month period ended September 30, 2026 are as follows:
Service CenterEngineered SolutionsTotal
Balance at June 30, 2025$221,706 $477,668 $699,374 
Goodwill acquired during the year4,293 1,555 5,848 
Other, primarily currency translation(522)— (522)
Balance at June 30, 2026225,477 479,223 704,700 
Goodwill acquired during the period— — — 
Other, primarily currency translation(193)— (193)
Balance at September 30, 2026$225,284 $479,223 $704,507 
The Company has eight (8) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2026. 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, 2026, therefore no impairment exists.
At September 30, 2026 and June 30, 2026, accumulated goodwill impairment losses subsequent to 2002 totaled $64,794 related to the Service Center 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:
September 30, 2026AmountAccumulated
Amortization
Net Book
Value
Finite-Lived Identifiable Intangibles:
Customer relationships$508,309 $266,022 $242,287 
Trade names107,821 50,261 57,560 
Other5,699 2,399 3,300 
Total Identifiable Intangibles$621,829 $318,682 $303,147 

June 30, 2026AmountAccumulated
Amortization
Net Book
Value
Finite-Lived Identifiable Intangibles:
Customer relationships$508,292 $258,375 $249,917 
Trade names108,357 48,969 59,388 
Other6,651 3,142 3,509 
Total Identifiable Intangibles$623,300 $310,486 $312,814 
Amounts include the impact of foreign currency translation. Fully amortized finite-lived identifiable intangible assets are written off in the period when they become fully amortized.
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 year (based on the Company’s identifiable intangible assets as of September 30, 2026) for the next five years is as follows: $27,700 for the remainder of 2027, $34,900 for 2028, $32,800 for 2029, $30,800 for 2030, $28,700 for 2031 and $26,800 for 2032.