Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Current assets
Cash and cash equivalents	$ 54,150	$ 105,057
Accounts receivable, less allowances of $13,566 and $9,628	548,811	390,931
Inventories	422,069	345,145
Other current assets	32,990	41,409
Total current assets	1,058,020	882,542
Property — at cost
Land	14,411	14,250
Buildings	104,419	97,529
Equipment, including computers and software	177,813	162,432
Total property — at cost	296,643	274,211
Less accumulated depreciation	175,300	166,143
Property — net	121,343	108,068
Identifiable intangibles, net	435,947	163,562
Goodwill	646,643	206,135
Other assets	23,788	27,288
Total Assets	2,285,741	1,387,595
Current liabilities
Accounts payable	256,886	180,614
Current portion of long-term debt	19,183	4,814
Compensation and related benefits	73,370	58,785
Other current liabilities	83,112	65,540
Total current liabilities	432,551	309,753
Long-term debt	944,522	286,769
Post-employment benefits	11,985	16,715
Other liabilities	81,720	29,102
Total Liabilities	1,470,778	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; 38,703 and 39,041 shares outstanding, respectively	10,000	10,000
Additional paid-in capital	169,383	164,655
Retained earnings	1,129,678	1,033,751
Treasury shares — at cost (15,510 and 15,172 shares), respectively	(403,875)	(381,448)
Accumulated other comprehensive loss	(90,223)	(81,702)
Total Shareholders’ Equity	814,963	745,256
Total Liabilities and Shareholders’ Equity	$ 2,285,741	$ 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).

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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.