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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 20,400 $ 25,530
Accounts receivable, less allowance of $43,124 at March 31, 2019 and $45,561 at June 30, 2018 632,539 678,940
Inventories 760,711 595,948
Prepaid expenses and other current assets 52,544 61,744
Total current assets 1,466,194 1,362,162
Property and equipment, net 71,282 73,042
Goodwill 319,042 298,174
Identifiable intangible assets, net 133,014 136,806
Deferred income taxes 20,660 22,199
Other non-current assets 51,963 52,912
Total assets 2,062,155 1,945,295
Current liabilities:    
Accounts payable 585,121 562,564
Accrued expenses and other current liabilities 86,910 90,873
Current portion of contingent consideration 39,445 42,975
Income taxes payable 1,664 13,348
Current portion of long-term debt 335 551
Total current liabilities 713,475 710,311
Deferred income taxes 1,607 1,769
Long-term debt 4,764 4,878
Borrowings under revolving credit facility 342,573 244,000
Long-term portion of contingent consideration 34,814 65,258
Other long-term liabilities 53,859 52,703
Total liabilities 1,151,092 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, 25,705,842 and 25,593,122 shares issued and outstanding at March 31, 2019 and June 30, 2018, respectively 72,903 68,220
Retained earnings 928,352 882,333
Accumulated other comprehensive income (loss) (90,192) (84,177)
Total shareholders’ equity 911,063 866,376
Total liabilities and shareholders’ equity $ 2,062,155 $ 1,945,295