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Revenue Recognition Revenue Recognition (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Jun. 30, 2018
Net sales | $ 840,038 | $ 667,187 | $ 1,704,553 | $ 1,347,888 |
Cost of sales | 597,178 | 478,827 | 1,209,840 | 967,104 |
Gross profit | 242,860 | 188,360 | 494,713 | 380,784 |
Selling, distribution and administrative expense, including depreciation | 181,895 | 141,645 | 367,409 | 282,232 |
Operating income | 60,965 | 46,715 | 127,304 | 98,552 |
Interest expense, net | 9,578 | 2,139 | 20,054 | 4,305 |
Other expense, net | 946 | (20) | 707 | (731) |
Income before income taxes | 50,441 | 44,596 | 106,543 | 94,978 |
Income tax expense | 11,724 | 13,646 | 18,888 | 30,307 |
Net income | 38,717 | $ 30,950 | 87,655 | $ 64,671 |
Other current assets | 44,041 |  | 44,041 |  | $ 32,990
Inventories | 445,881 |  | 445,881 |  | 422,069
Other assets | 21,901 |  | 21,901 |  | 23,788
Other current liabilities | 60,164 |  | 60,164 |  | 83,112
Compensation and related benefits | 56,882 |  | 56,882 |  | 73,370
Other liabilities | 73,675 |  | 73,675 |  | $ 81,720
Retained Earnings | 889,915 |  | 889,915 |  |
Calculated under Revenue Guidance in Effect before Topic 606 [Member] |  |  |  |  |
Net sales | 841,043 |  | 1,708,870 |  |
Cost of sales | 597,877 |  | 1,212,943 |  |
Gross profit | 243,166 |  | 495,927 |  |
Selling, distribution and administrative expense, including depreciation | 181,950 |  | 367,683 |  |
Operating income | 61,216 |  | 128,244 |  |
Interest expense, net | 9,578 |  | 20,054 |  |
Other expense, net | 946 |  | 707 |  |
Income before income taxes | 50,692 |  | 107,483 |  |
Income tax expense | 11,788 |  | 19,124 |  |
Net income | 38,904 |  | 88,359 |  |
Other current assets | 34,717 |  | 34,717 |  |
Inventories | 457,711 |  | 457,711 |  |
Other assets | 22,093 |  | 22,093 |  |
Other current liabilities | 66,790 |  | 66,790 |  |
Compensation and related benefits | 56,426 |  | 56,426 |  |
Other liabilities | 72,928 |  | 72,928 |  |
Retained Earnings | 887,190 |  | 887,190 |  |
Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] |  |  |  |  |
Net sales | 1,005 |  | 4,317 |  |
Cost of sales | 699 |  | 3,103 |  |
Gross profit | 306 |  | 1,214 |  |
Selling, distribution and administrative expense, including depreciation | 55 |  | 274 |  |
Operating income | 251 |  | 940 |  |
Interest expense, net | 0 |  | 0 |  |
Other expense, net | 0 |  | 0 |  |
Income before income taxes | 251 |  | 940 |  |
Income tax expense | 64 |  | 236 |  |
Net income | 187 |  | 704 |  |
Other current assets | (9,324) |  | (9,324) |  |
Inventories | 11,830 |  | 11,830 |  |
Other assets | 192 |  | 192 |  |
Other current liabilities | 6,626 |  | 6,626 |  |
Compensation and related benefits | (456) |  | (456) |  |
Other liabilities | (747) |  | (747) |  |
Retained Earnings | $ (2,725) |  | $ (2,725) |  |

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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + Details
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