XML 59 R33.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Organization and Summary of Significant Accounting Policies - Summary of the impact ASC 606 adoption (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Jul. 01, 2018
Jun. 30, 2018
ASSETS            
Accounts receivable, net of allowances $ 327,366   $ 327,366     $ 451,393
Inventories 761,113   761,113     853,252
Prepaid expenses and other current assets (including receivables from related parties of $14,275 and $24,016 at March 31, 2019 and June 30, 2018, respectively) 97,857   97,857     110,856
Deferred income taxes, net 33,776   33,776     25,583
LIABILITIES AND STOCKHOLDERS' EQUITY            
Accrued liabilities (including amounts due to related parties of $9,106 and $18,394 at March 31, 2019 and June 30, 2018, respectively) 112,951   112,951     102,478
Deferred revenue 87,746   87,746      
Income taxes payable 8,729   8,729     7,191
Deferred revenue, non-current 105,584   105,584      
Retained earnings 588,193   588,193     $ 532,271
INCOME STATEMENT            
Net sales (including related party sales of $17,590 and $17,614 in the three months ended March 31, 2019 and 2018, respectively, and $48,849 and $46,199 in the nine months ended March 31, 2019 and 2018, respectively) 743,499 $ 835,110 2,646,126 $ 2,378,830    
Cost of sales (including related party purchases of $62,624 and $62,861 in the three months ended March 31, 2019 and 2018, respectively, and $215,331 and $191,805 in the nine months ended March 31, 2019 and 2018, respectively) 631,172 729,193 2,282,638 2,081,165    
Gross profit 112,327 105,917 363,488 297,665    
General and administrative 36,174 23,555 106,214 68,286    
Income before income tax provision 11,502 19,471 62,320 48,124    
Income tax provision 497 4,159 10,540 25,725    
Net income 10,646 $ 14,595 48,208 $ 19,891    
Adjustments | ASU 2014-09            
ASSETS            
Accounts receivable, net of allowances (17,367)   (17,367)      
Inventories 11,808   11,808      
Prepaid expenses and other current assets (including receivables from related parties of $14,275 and $24,016 at March 31, 2019 and June 30, 2018, respectively) (1,916)   (1,916)      
Deferred income taxes, net 1,558   1,558      
LIABILITIES AND STOCKHOLDERS' EQUITY            
Accrued liabilities (including amounts due to related parties of $9,106 and $18,394 at March 31, 2019 and June 30, 2018, respectively) (4,655)   (4,655)      
Deferred revenue 653   653      
Income taxes payable 71   71      
Deferred revenue, non-current 2,783   2,783      
Retained earnings (4,769)   (4,769)   $ 6,800  
INCOME STATEMENT            
Net sales (including related party sales of $17,590 and $17,614 in the three months ended March 31, 2019 and 2018, respectively, and $48,849 and $46,199 in the nine months ended March 31, 2019 and 2018, respectively) (1,621)   18,449      
Cost of sales (including related party purchases of $62,624 and $62,861 in the three months ended March 31, 2019 and 2018, respectively, and $215,331 and $191,805 in the nine months ended March 31, 2019 and 2018, respectively) (403)   18,995      
Gross profit (1,218)   (546)      
General and administrative (1,626)   (2,662)      
Income before income tax provision 408   2,116      
Income tax provision (244)   71      
Net income 652   2,045      
Balances without adoption of ASC 606            
ASSETS            
Accounts receivable, net of allowances 309,999   309,999      
Inventories 772,921   772,921      
Prepaid expenses and other current assets (including receivables from related parties of $14,275 and $24,016 at March 31, 2019 and June 30, 2018, respectively) 95,941   95,941      
Deferred income taxes, net 35,334   35,334      
LIABILITIES AND STOCKHOLDERS' EQUITY            
Accrued liabilities (including amounts due to related parties of $9,106 and $18,394 at March 31, 2019 and June 30, 2018, respectively) 108,296   108,296      
Deferred revenue 88,399   88,399      
Income taxes payable 8,800   8,800      
Deferred revenue, non-current 108,367   108,367      
Retained earnings 583,424   583,424      
INCOME STATEMENT            
Net sales (including related party sales of $17,590 and $17,614 in the three months ended March 31, 2019 and 2018, respectively, and $48,849 and $46,199 in the nine months ended March 31, 2019 and 2018, respectively) 741,878   2,664,575      
Cost of sales (including related party purchases of $62,624 and $62,861 in the three months ended March 31, 2019 and 2018, respectively, and $215,331 and $191,805 in the nine months ended March 31, 2019 and 2018, respectively) 630,769   2,301,633      
Gross profit 111,109   362,942      
General and administrative 34,548   103,552      
Income before income tax provision 11,910   64,436      
Income tax provision 253   10,611      
Net income $ 11,298   $ 50,253