Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 18,858	$ 25,530
Accounts receivable, less allowance of $45,340 at September 30, 2018 and $45,561 at June 30, 2018	677,499	678,940
Inventories	672,696	595,948
Prepaid expenses and other current assets	64,643	61,744
Total current assets	1,433,696	1,362,162
Property and equipment, net	71,625	73,042
Goodwill	311,334	298,174
Identifiable intangible assets, net	131,393	136,806
Deferred income taxes	21,283	22,199
Other non-current assets	52,068	52,912
Total assets	2,021,399	1,945,295
Current liabilities:
Accounts payable	629,242	562,564
Accrued expenses and other current liabilities	86,762	90,873
Current portion of contingent consideration	50,806	42,975
Income taxes payable	9,014	13,348
Current portion of long-term debt	335	551
Total current liabilities	776,159	710,311
Deferred income taxes	1,650	1,769
Long-term debt	4,764	4,878
Borrowings under revolving credit facility	276,760	244,000
Long-term portion of contingent consideration	29,367	65,258
Other long-term liabilities	54,802	52,703
Total liabilities	1,143,502	1,078,919
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, 25,607,664 and 25,593,122 shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively	70,035	68,220
Retained earnings	896,655	882,333
Accumulated other comprehensive income (loss)	(88,793)	(84,177)
Total shareholders’ equity	877,897	866,376
Total liabilities and shareholders’ equity	$ 2,021,399	$ 1,945,295