Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 35,361	$ 56,094
Accounts receivable, less allowance of $47,139 at March 31, 2018 and $44,434 at June 30, 2017	664,091	637,293
Inventories	569,538	531,314
Prepaid expenses and other current assets	71,923	56,322
Total current assets	1,340,913	1,281,023
Property and equipment, net	74,582	56,566
Goodwill	303,458	200,881
Identifiable intangible assets, net	143,726	101,513
Deferred income taxes	12,795	29,491
Other non-current assets	52,501	48,829
Total assets	1,927,975	1,718,303
Current liabilities:
Current portion of long-term debt	471	0
Accounts payable	496,688	513,155
Accrued expenses and other current liabilities	96,006	104,715
Current portion of contingent consideration	40,802	30,675
Income taxes payable	7,500	7,730
Total current liabilities	641,467	656,275
Deferred income taxes	10,582	2,008
Long-term debt	4,957	5,429
Borrowings under revolving credit facility	276,730	91,871
Long-term portion of contingent consideration	60,976	83,361
Other long-term liabilities	55,467	42,214
Total liabilities	1,050,179	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, 25,572,162 and 25,431,845 shares issued and outstanding at March 31, 2018 and June 30, 2017, respectively	66,501	61,169
Retained earnings	871,945	849,180
Accumulated other comprehensive income (loss)	(60,650)	(73,204)
Total shareholders’ equity	877,796	837,145
Total liabilities and shareholders’ equity	$ 1,927,975	$ 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.