Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 56,094	$ 61,400
Accounts receivable, less allowance of $44,434 at June 30, 2017 and $39,032 at June 30, 2016	637,293	559,557
Inventories	531,314	558,581
Prepaid expenses and other current assets	56,322	49,367
Total current assets	1,281,023	1,228,905
Property and equipment, net	56,566	52,388
Goodwill	200,881	92,715
Identifiable intangible assets, net	101,513	51,127
Deferred income taxes	29,491	28,813
Other non-current assets	48,829	37,237
Total assets	1,718,303	1,491,185
Current liabilities:
Accounts payable	513,155	471,487
Accrued expenses and other current liabilities	104,715	98,975
Current portion of contingent consideration	30,675	11,594
Income taxes payable	7,730	3,056
Total current liabilities	656,275	585,112
Deferred income taxes	2,008	2,555
Long-term debt, net of current portion	5,429	5,429
Borrowings under revolving credit facility	91,871	71,427
Long-term portion of contingent consideration	83,361	13,058
Other long-term liabilities	42,214	39,108
Total liabilities	881,158	716,689
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, 25,431,845 and 25,614,673 shares issued and outstanding at June 30, 2017 and June 30, 2016, respectively	61,169	67,249
Retained earnings	849,180	779,934
Accumulated other comprehensive loss	(73,204)	(72,687)
Total shareholders’ equity	837,145	774,496
Total liabilities and shareholders’ equity	$ 1,718,303	$ 1,491,185