text: Other expense (income), net 
  **1,578**
  (3,793 )  (425 ) 
  
  Income before income taxes 
  **166,826**$  152,888 $  105,017 
  
  Corporate and other income, net, includes the SERP curtailment loss of $3,117 recognized in the second quarter of fiscal 2012. 
  Additional fluctuations in corporate and other income, net, are due to changes in the levels and amounts of expenses being allocated 
  to the segments. The expenses being allocated include corporate charges for working capital, logistics support and other items. 
  
  Product Category 
  
  Net sales by product category are as follows: 
  
  Year Ended June 30,  **2012-** 2011-  2010- 
  
  The Company is the owner and beneficiary under life insurance policies acquired in conjunction with a fiscal 1998 acquisition, with 
  benefits in force of $12,300 and a net cash surrender value of $3,200 at June 30, 2012. In January 2011, the Company received 
  death benefits under two of these policies and realized a gain of $1,722. 
  
  Industrial  **$**
  **1,680,926**$  1,559,859 $  1,357,206 
  
  Fluid power 
  **694,519** 652,990  536,002 
  
  Net sales  **$**
  **2,375,445**$  2,212,849 $  1,893,208 