Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 35,435	$ 56,094
Accounts receivable, less allowance of $47,264 at December 31, 2017 and $44,434 at June 30, 2017	717,336	637,293
Inventories	581,802	531,314
Prepaid expenses and other current assets	76,667	56,322
Total current assets	1,411,240	1,281,023
Property and equipment, net	76,626	56,566
Goodwill	302,912	200,881
Identifiable intangible assets, net	148,443	101,513
Deferred income taxes	11,794	29,491
Other non-current assets	54,267	48,829
Total assets	2,005,282	1,718,303
Current liabilities:
Current portion of long-term debt	104	0
Accounts payable	515,302	513,155
Accrued expenses and other current liabilities	97,597	104,715
Current portion of contingent consideration	38,629	30,675
Income taxes payable	5,086	7,730
Total current liabilities	656,718	656,275
Deferred income taxes	11,110	2,008
Long-term debt	5,325	5,429
Borrowings under revolving credit facility	355,503	91,871
Long-term portion of contingent consideration	58,402	83,361
Other long-term liabilities	57,437	42,214
Total liabilities	1,144,495	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, 25,571,355 and 25,431,845 shares issued and outstanding at December 31, 2017 and June 30, 2017, respectively	64,896	61,169
Retained earnings	861,296	849,180
Accumulated other comprehensive income (loss)	(65,405)	(73,204)
Total shareholders’ equity	860,787	837,145
Total liabilities and shareholders’ equity	$ 2,005,282	$ 1,718,303

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.