Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 62,187	$ 61,400
Accounts receivable, less allowance of $42,494 at March 31, 2017 and $39,032 at June 30, 2016	565,242	559,557
Inventories	514,238	558,581
Prepaid expenses and other current assets	59,739	49,367
Total current assets	1,201,406	1,228,905
Property and equipment, net	56,409	52,388
Goodwill	201,066	92,715
Identifiable intangible assets, net	105,578	51,127
Deferred income taxes	27,534	28,813
Other non-current assets	39,823	37,237
Total assets	1,631,816	1,491,185
Current liabilities:
Accounts payable	437,226	471,487
Accrued expenses and other current liabilities	111,330	98,975
Current portion of contingent consideration	31,257	11,594
Income taxes payable	5,461	3,056
Total current liabilities	585,274	585,112
Deferred income taxes	2,163	2,555
Long-term debt	5,429	5,429
Borrowings under revolving credit facility	108,505	71,427
Long-term portion of contingent consideration	81,966	13,058
Other long-term liabilities	39,760	39,108
Total liabilities	823,097	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, 25,314,031 and 25,614,673 shares issued and outstanding at March 31, 2017 and June 30, 2016, respectively	55,997	67,249
Retained earnings	830,210	779,934
Accumulated other comprehensive income (loss)	(77,488)	(72,687)
Total shareholders’ equity	808,719	774,496
Total liabilities and shareholders’ equity	$ 1,631,816	$ 1,491,185

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.