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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 49,321 $ 29,485
Accounts receivable, less allowance of $21,180 at March 31, 2021 and $21,906 at June 30, 2020 509,404 443,185
Inventories 459,652 454,885
Prepaid expenses and other current assets 99,424 94,681
Current assets held for sale 0 181,231
Total current assets 1,117,801 1,203,467
Property and equipment, net 45,316 55,641
Goodwill 217,093 214,288
Identifiable intangible assets, net 109,172 121,547
Deferred income taxes 24,405 24,630
Other non-current assets 68,835 72,521
Total assets 1,582,622 1,692,094
Current liabilities:    
Accounts payable 521,552 454,240
Accrued expenses and other current liabilities 87,969 76,686
Current portion of contingent consideration 0 46,334
Income taxes payable 5,333 5,886
Current portion of long-term debt 7,843 7,839
Current liabilities held for sale 0 128,022
Total current liabilities 622,697 719,007
Deferred income taxes 4,309 3,884
Long-term debt, net of current portion 137,206 143,175
Borrowings under revolving credit facility 53,802 67,714
Other long-term liabilities 74,033 80,068
Total liabilities 892,047 1,013,848
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, 25,466,365 and 25,361,298 shares issued and outstanding at March 31, 2021 and June 30, 2020, respectively 68,895 63,765
Retained earnings 734,361 747,276
Accumulated other comprehensive loss (112,681) (132,795)
Total shareholders’ equity 690,575 678,246
Total liabilities and shareholders’ equity $ 1,582,622 $ 1,692,094