text: NOTE 1: BUSINESS AND ACCOUNTING POLICIES 
  
  Business 
  
  Applied Industrial Technologies, Inc. and subsidiaries (the “Company” or “Applied”) is a leading industrial distributor serving 
  Maintenance Repair Operations (MRO) and Original Equipment Manufacturing (OEM) customers in virtually every industry. In 
  addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as 
  customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training and inventory 
  management solutions that provide added value to its customers. Although the Company does not generally manufacture the 
  products it sells, it does assemble and repair certain products and systems. 
  
  Consolidation 
  
  The consolidated financial statements include the accounts of Applied Industrial Technologies, Inc. and its subsidiaries. 
  Intercompany transactions and balances have been eliminated in consolidation. The financial results of the Company’s Canadian 
  and Mexican subsidiaries are included in the consolidated financial statements for the twelve months ended May 31. 
  
  Statements of Consolidated Comprehensive Income 
  
  Accounting Standards Codification (ASC) Topic 220 "Comprehensive Income" requires the reporting of comprehensive income in 
  addition to net income. Effective for fiscal 2012 and retrospective for fiscal 2011 and 2010, the Company has elected to include a 