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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2018
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 22,749 $ 25,530
Accounts receivable, less allowance of $45,240 at December 31, 2018 and $45,561 at June 30, 2018 708,531 678,940
Inventories 704,444 595,948
Prepaid expenses and other current assets 59,785 61,744
Total current assets 1,495,509 1,362,162
Property and equipment, net 73,354 73,042
Goodwill 326,675 298,174
Identifiable intangible assets, net 129,020 136,806
Deferred income taxes 20,448 22,199
Other non-current assets 50,727 52,912
Total assets 2,095,733 1,945,295
Current liabilities:    
Accounts payable 604,630 562,564
Accrued expenses and other current liabilities 89,444 90,873
Current portion of contingent consideration 39,729 42,975
Income taxes payable 2,421 13,348
Current portion of long-term debt 335 551
Total current liabilities 736,559 710,311
Deferred income taxes 1,958 1,769
Long-term debt 4,764 4,878
Borrowings under revolving credit facility 367,311 244,000
Long-term portion of contingent consideration 32,157 65,258
Other long-term liabilities 53,481 52,703
Total liabilities 1,196,230 1,078,919
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, 25,702,342 and 25,593,122 shares issued and outstanding at December 31, 2018 and June 30, 2018, respectively 70,912 68,220
Retained earnings 916,636 882,333
Accumulated other comprehensive income (loss) (88,045) (84,177)
Total shareholders’ equity 899,503 866,376
Total liabilities and shareholders’ equity $ 2,095,733 $ 1,945,295