Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Current assets
Cash and cash equivalents	$ 43,523	$ 105,057
Accounts receivable, less allowances of $11,540 and $9,628	533,533	390,931
Inventories	432,449	345,145
Other current assets	41,735	41,409
Total current assets	1,051,240	882,542
Property, less accumulated depreciation of $172,263 and $166,143	121,858	108,068
Identifiable intangibles, net	448,089	163,562
Goodwill	629,783	206,135
Other assets	21,353	27,288
TOTAL ASSETS	2,272,323	1,387,595
Current liabilities
Accounts payable	217,852	180,614
Current portion of long-term debt	19,182	4,814
Compensation and related benefits	67,994	58,785
Other current liabilities	64,936	65,540
Total current liabilities	369,964	309,753
Long-term debt	1,017,327	286,769
Postemployment benefits	13,235	16,715
Other liabilities	65,769	29,102
TOTAL LIABILITIES	1,466,295	642,339
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; 38,696 and 39,041 outstanding, respectively	10,000	10,000
Additional paid-in capital	167,848	164,655
Retained earnings	1,112,136	1,033,751
Treasury shares—at cost (15,517 and 15,172 shares)	(403,956)	(381,448)
Accumulated other comprehensive loss	(80,000)	(81,702)
TOTAL SHAREHOLDERS’ EQUITY	806,028	745,256
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,272,323	$ 1,387,595

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.