Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Current assets
Cash and cash equivalents	$ 56,408	$ 54,150
Accounts receivable, less allowances of $14,332 and $13,566	565,462	548,811
Inventories	431,658	422,069
Other current assets	35,555	32,990
Total current assets	1,089,083	1,058,020
Property, less accumulated depreciation of $179,972 and $175,300	119,781	121,343
Identifiable intangibles, net	425,801	435,947
Goodwill	647,529	646,643
Other assets	23,494	23,788
TOTAL ASSETS	2,305,688	2,285,741
Current liabilities
Accounts payable	241,885	256,886
Current portion of long term debt	19,184	19,183
Compensation and related benefits	62,995	73,370
Other current liabilities	70,109	83,112
Total current liabilities	394,173	432,551
Long-term debt	953,216	944,522
Postemployment benefits	9,212	11,985
Other liabilities	78,281	81,720
TOTAL LIABILITIES	1,434,882	1,470,778
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; 38,754 and 38,703 outstanding, respectively	10,000	10,000
Additional paid-in capital	168,618	169,383
Retained Earnings	1,181,683	1,129,678
Treasury shares—at cost (15,459 and 15,510 shares, respectively)	(404,619)	(403,875)
Accumulated other comprehensive loss	(84,876)	(90,223)
TOTAL SHAREHOLDERS’ EQUITY	870,806	814,963
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,305,688	$ 2,285,741

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.