return targets.  All performance periods had expired by Jun e 30, 2011.  During fiscal 2011 and 2010, the Company recorded $1,020 
and $(231), respectively, of compensation expense (income) for achievement relative to the total shareholder return-based goals of 
the Company’s performance grants.  The liability at June 30, 2011 was $1,558; this was paid in fiscal 2012.  
NOTE 10: BENEFIT PLANS 
Retirement Savings Plan 
Substantially all U.S. associates participate in the Applied Industrial Technologies, Inc. Retirement Savings Plan.  Participants may elec t 
to contribute up to 50% of their compensation, subject to Internal Revenue Code maximums.  The Company makes a discretionary 
profit-sharing contribution to the Retirement Savings Plan generally based upon a percentage of the Company’s U.S. income before 
income taxes and before the amount of the contribution (5% for fiscal 2012, 2011 and 2010).  The Company partially matches 
401(k) contributions by participants; this match was suspended from January 1, 2009 to June 30, 2010.  The Company’s expense for 
profit sharing
 and matching of associates’ 401(k) contributions was $10,866, $11,251 and $4,891 during fiscal 2012, 2011 and 
2010, respectively. 
Deferred Compensation Plans 
The Company has deferred compensation plans that enable ce rtain associates of the Company to defer receipt of a portion of their 
compensation and non-employee directors to defer receipt of director f ees.  The Company funds these deferred compensation 
liabili ties by making contributions to  rabbi trusts.  Assets held in these rabbi trusts consist of investments in money market and 
mutual funds and Company common stock. 
Postemployment Benefit Plans 
The Company provides the fo llowing postemployment benefits which, except for the Qualified Defined Benefit Retirement Plan,  
are unfunded: 
Supplemental Executive Retirement Benefits Plan 
The Company has a non-qualified pension plan to provide supplemental retirement  benefits to ce rtain officers.  Benefits are 
payable beginning at retirement and determinable at retirement based upon a percentage of the pa rticipant’s historical 
compensation.  On December 19, 2011, the Executive Organization and Compensation Committee of the Board of Directors 
froze participant benefits (credited service and final average earnings) and entry into the Supplemental Executive Retirement 
Benefits Plan (SERP) effective December 31, 2011.  This action  constituted a plan curtailment.  The plan liability was remeasured 
in conjunction with the curtailment using a 3.5% discount rate and participant final average earnings through the curtailment 
date.  The remeasurement in conjunction with the curtailment resulted in an actuarial lo ss (recorded in other comprehensive 
income (loss)) of $302 ($492 loss, net of income tax of $190).   
The curtailment is reflected in the Company's c onsolidated balance shee ts as:  1) a reduction to the overall SERP liability 
(included in postemployment benefits) of $8, 860, 2) a reduction to deferred tax assets of $3,411 and 3) an increase in 
accumulated other comprehensive income  (loss) of $5,449.  Prior service costs previously recorded through accumulated other 
comprehensive income (loss) were reclassified into the statements of c onsolidated income ($3,117 gross expense, net of income 
tax of $1,200).  The gross  expense is recorded in selling, distribution and administrative expense in fiscal 2012. 
Key Executive Restoration Plan 
In fiscal 2012, the Executive Organization & Compensation Committee of the Board of Directors adopted the Key Executive 
Restoration Plan (KERP), an unfunded, non-qualified deferred compensation plan, to replace the SERP.  The Company recorded 
$128 of expense associated with this plan in fis cal 2012. 
Qualified Defined Benefit Retire ment Plan 
The Company has a qualified defined benefit retirement plan that provides benefi ts to certain hourly associates at retirement .