text: **2012** 2011  2010 
  
  **36**$  (2,016 ) $  (1,012 ) 
  
  —  — 
  (1,722 ) 
  
  **1,592**
  (541 ) 
  36 
  
  —  368  510 
  
  **(50 )**
  118  41 
  
  **1,578**$ 
  (3,793 ) $  (425 ) 
  
  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. 
  
  NOTE 15: SUBSEQUENT EVENT 
  
  On August 1, 2012, the Company acquired SKF's company-owned distribution businesses in Australia and New Zealand for cash 
  consideration. These businesses will expand Applied's global capabilities and are part of the Service Center Based Distribution 
  segment. The Company funded the acquisition from its available cash and existing revolving credit facilities. Results of operations 
  acquired will be included in the Company's results of operations from the date of closing. 