Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Current assets
Cash and cash equivalents	$ 62,857	$ 59,861
Accounts receivable, less allowances of $10,583 and $11,034	336,716	347,857
Inventories	349,020	338,221
Other current assets	33,839	35,582
Total current assets	782,432	781,521
Property, less accumulated depreciation of $164,742 and $161,466	105,279	107,765
Identifiable intangibles, net	173,460	191,240
Goodwill	203,963	202,700
Deferred tax assets	12,424	12,277
Other assets	16,958	16,522
TOTAL ASSETS	1,294,516	1,312,025
Current liabilities
Accounts payable	137,499	148,543
Current portion of long-term debt	3,248	3,247
Compensation and related benefits	44,427	57,187
Other current liabilities	52,048	65,306
Total current liabilities	237,222	274,283
Long-term debt	323,940	324,583
Postemployment benefits	20,603	21,322
Other liabilities	31,342	33,921
TOTAL LIABILITIES	613,107	654,109
Shareholders’ Equity
Preferred stock—no par value; 2,500 shares authorized; none issued or outstanding	0	0
Common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 39,010 and 39,057 outstanding, respectively	10,000	10,000
Additional paid-in capital	162,639	162,529
Retained earnings	985,297	944,821
Treasury shares—at cost (15,203 and 15,156 shares)	(378,905)	(373,888)
Accumulated other comprehensive income (loss)	(97,622)	(85,546)
TOTAL SHAREHOLDERS’ EQUITY	681,409	657,916
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,294,516	$ 1,312,025