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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 23,616 $ 56,094
Accounts receivable, less allowance of $47,249 at September 30, 2017 and $44,434 at June 30, 2017 661,393 637,293
Inventories 597,344 531,314
Prepaid expenses and other current assets 72,153 56,322
Total current assets 1,354,506 1,281,023
Property and equipment, net 79,128 56,566
Goodwill 302,930 200,881
Identifiable intangible assets, net 154,323 101,513
Deferred income taxes 13,478 29,491
Other non-current assets 45,768 48,829
Total assets 1,950,133 1,718,303
Current liabilities:    
Current portion of long-term debt 26 0
Accounts payable 534,919 513,155
Accrued expenses and other current liabilities 106,506 104,715
Current portion of contingent consideration 48,931 30,675
Income taxes payable 7,583 7,730
Total current liabilities 697,965 656,275
Deferred income taxes 14,525 2,008
Long-term debt 5,403 5,429
Borrowings under revolving credit facility 280,334 91,871
Long-term portion of contingent consideration 54,562 83,361
Other long-term liabilities 44,368 42,214
Total liabilities 1,097,157 881,158
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, 25,440,316 and 25,431,845 shares issued and outstanding at September 30, 2017 and June 30, 2017, respectively 62,939 61,169
Retained earnings 853,327 849,180
Accumulated other comprehensive income (loss) (63,290) (73,204)
Total shareholders’ equity 852,976 837,145
Total liabilities and shareholders’ equity $ 1,950,133 $ 1,718,303