Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Assets
Cash and cash equivalents	$ 61,400	$ 121,646
Accounts receivable, less allowance of $39,032 at June 30, 2016 and $32,589 at June 30, 2015	559,557	522,532
Inventories	558,581	553,063
Prepaid expenses and other current assets	49,367	46,917
Total current assets	1,228,905	1,244,158
Property and equipment, net	52,388	46,574
Goodwill	92,715	66,509
Net identifiable intangible assets	51,127	46,272
Deferred income taxes	28,813	38,963
Other non-current assets	37,237	34,465
Total assets	1,491,185	1,476,941
Liabilities and Shareholders’ Equity
Current debt	0	2,860
Accounts payable	471,487	501,329
Accrued expenses and other current liabilities	98,975	81,000
Current portion of contingent consideration	11,594	9,391
Income taxes payable	3,056	4,180
Total current liabilities	585,112	598,760
Deferred income taxes	2,555	3,773
Long-term debt, net of current portion	5,429	5,966
Borrowings under revolving credit facility	71,427	0
Long-term portion of contingent consideration	13,058	24,569
Other long-term liabilities	39,108	34,888
Total liabilities	716,689	667,956
Commitments and contingencies
Shareholders’ equity:
Preferred stock, no par value; 3,000,000 shares authorized, none issued	0	0
Common stock, no par value; 45,000,000 shares authorized, 25,614,673 and 28,214,153 shares issued and outstanding at June 30, 2016 and June 30, 2015, respectively	67,249	157,172
Retained earnings	779,934	716,315
Accumulated other comprehensive (loss) income	(72,687)	(64,502)
Total shareholders’ equity	774,496	808,985
Total liabilities and shareholders’ equity	$ 1,491,185	$ 1,476,941