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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 25,530 $ 56,094
Accounts receivable, less allowance of $45,561 at June 30, 2018 and $44,434 at June 30, 2017 678,940 637,293
Inventories 595,948 531,314
Prepaid expenses and other current assets 61,744 56,322
Total current assets 1,362,162 1,281,023
Property and equipment, net 73,042 56,566
Goodwill 298,174 200,881
Identifiable intangible assets, net 136,806 101,513
Deferred income taxes 22,199 29,491
Other non-current assets 52,912 48,829
Total assets 1,945,295 1,718,303
Current liabilities:    
Accounts payable 562,564 513,155
Accrued expenses and other current liabilities 90,873 104,715
Current portion of contingent consideration 42,975 30,675
Income taxes payable 13,348 7,730
Current portion of long-term debt 551 0
Total current liabilities 710,311 656,275
Deferred income taxes 1,769 2,008
Long-term debt, net of current portion 4,878 5,429
Borrowings under revolving credit facility 244,000 91,871
Long-term portion of contingent consideration 65,258 83,361
Other long-term liabilities 52,703 42,214
Total liabilities 1,078,919 881,158
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, 25,593,122 and 25,431,845 shares issued and outstanding at June 30, 2018 and June 30, 2017, respectively 68,220 61,169
Retained earnings 882,333 849,180
Accumulated other comprehensive loss (84,177) (73,204)
Total shareholders’ equity 866,376 837,145
Total liabilities and shareholders’ equity $ 1,945,295 $ 1,718,303