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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 41,782 $ 100,874
Investments 1,013 3,030
Trade receivables, less allowance for doubtful accounts (December 31, 2018, $965; June 30, 2018, $987) 262,325 247,246
Other receivables 7,785 9,664
Inventory 184,307 137,076
Prepaid expenses and other current assets 7,475 4,737
Total current assets 504,687 502,627
Property and equipment, net 13,267 14,180
Property held for sale 6,113 6,113
Goodwill 1,862 1,883
Intangible assets, net 221,039 234,602
Other assets 6,191 7,619
TOTAL ASSETS 753,159 767,024
Current liabilities:    
Current portion of long-term debt 183,772 14,482
Accounts payable 132,375 106,790
Accrued expenses 187,587 181,246
Total current liabilities 503,734 302,518
Long-term debt, net 133,349 302,916
Long-term liabilities 64,033 64,558
Environmental remediation liability 3 211
Deferred income tax liability 1,729 1,536
Total liabilities 702,848 671,739
Commitments and contingencies (Note 7)
Shareholders' equity:    
Preferred stock, 2,000 shares authorized; no shares issued and outstanding
Common stock, $.01 par value, 75,000 shares authorized; 30,839 and 30,787 shares issued and outstanding at December 31, 2018 and June 30, 2018, respectively 308 308
Capital in excess of par value 223,040 222,599
Accumulated deficit (170,398) (126,737)
Accumulated other comprehensive loss (2,639) (885)
Total shareholders' equity 50,311 95,285
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 753,159 $ 767,024