ScanSource (SCSC) 10-Q 8 May 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2018	May 04, 2018
Document And Entity Information
Entity Registrant Name	SCANSOURCE, INC.
Entity Central Index Key	918,965
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		25,572,162

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 35,361	$ 56,094
Accounts receivable, less allowance of $47,139 at March 31, 2018 and $44,434 at June 30, 2017	664,091	637,293
Inventories	569,538	531,314
Prepaid expenses and other current assets	71,923	56,322
Total current assets	1,340,913	1,281,023
Property and equipment, net	74,582	56,566
Goodwill	303,458	200,881
Identifiable intangible assets, net	143,726	101,513
Deferred income taxes	12,795	29,491
Other non-current assets	52,501	48,829
Total assets	1,927,975	1,718,303
Current liabilities:
Current portion of long-term debt	471	0
Accounts payable	496,688	513,155
Accrued expenses and other current liabilities	96,006	104,715
Current portion of contingent consideration	40,802	30,675
Income taxes payable	7,500	7,730
Total current liabilities	641,467	656,275
Deferred income taxes	10,582	2,008
Long-term debt	4,957	5,429
Borrowings under revolving credit facility	276,730	91,871
Long-term portion of contingent consideration	60,976	83,361
Other long-term liabilities	55,467	42,214
Total liabilities	1,050,179	881,158
Commitments and contingencies
Shareholders’ equity:
Preferred stock, no par value; 3,000,000 shares authorized, none issued	0	0
Common stock, no par value; 45,000,000 shares authorized, 25,572,162 and 25,431,845 shares issued and outstanding at March 31, 2018 and June 30, 2017, respectively	66,501	61,169
Retained earnings	871,945	849,180
Accumulated other comprehensive income (loss)	(60,650)	(73,204)
Total shareholders’ equity	877,796	837,145
Total liabilities and shareholders’ equity	$ 1,927,975	$ 1,718,303

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Current assets:
Allowance for accounts receivable	$ 47,139	$ 44,434
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	45,000,000	45,000,000
Common stock, share issued (in shares)	25,572,162	25,431,845
Common stock, shares outstanding (in shares)	25,572,162	25,431,845

Condensed Consolidated Income S

Condensed Consolidated Income Statements (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Net sales	$ 895,637	$ 813,538	$ 2,852,408	$ 2,650,895
Cost of goods sold	791,749	720,867	2,529,632	2,368,155
Gross profit	103,888	92,671	322,776	282,740
Selling, general and administrative expenses	72,691	63,853	220,642	193,999
Depreciation expense	3,352	2,663	10,059	7,155
Intangible amortization expense	5,103	4,217	15,600	11,537
Change in fair value of contingent consideration	4,801	1,960	28,595	3,921
Operating income	17,941	19,978	47,880	66,128
Interest expense	2,784	780	6,655	2,281
Interest income	(887)	(1,040)	(2,349)	(2,948)
Other (income) expense, net	252	667	691	(11,280)
Income before income taxes	15,792	19,571	42,883	78,075
Provision for income taxes	5,143	7,147	20,118	27,799
Net income	$ 10,649	$ 12,424	$ 22,765	$ 50,276
Per share data:
Net income per common share, basic (in dollars per share)	$ 0.42	$ 0.49	$ 0.89	$ 1.99
Weighted-average shares outstanding, basic (in shares)	25,572	25,262	25,503	25,311
Net income per common share, diluted (in dollars per share)	$ 0.42	$ 0.49	$ 0.89	$ 1.97
Weighted-average shares outstanding, diluted (in shares)	25,606	25,400	25,607	25,458

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income	$ 10,649	$ 12,424	$ 22,765	$ 50,276
Unrealized gain on hedged transaction, net of tax	561	0	910	0
Foreign currency translation adjustment	4,194	4,762	11,644	(4,801)
Comprehensive income	$ 15,404	$ 17,186	$ 35,319	$ 45,475

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 22,765	$ 50,276
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	28,204	18,692
Amortization of debt issuance costs	242	223
Provision for doubtful accounts	5,939	5,632
Share-based compensation	4,855	4,862
Deferred income taxes	(3,061)	455
Excess tax benefits from share-based payment arrangements	0	(88)
Change in fair value of contingent consideration	28,595	3,921
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(16,950)	7,022
Inventories	(22,570)	41,509
Prepaid expenses and other assets	(2,904)	(8,125)
Other non-current assets	(3,114)	(32)
Accounts payable	(32,418)	(54,378)
Accrued expenses and other liabilities	(9,452)	11,720
Income taxes payable	(3,295)	2,435
Net cash (used in) provided by operating activities	(3,164)	84,124
Cash flows from investing activities:
Capital expenditures	(5,307)	(6,445)
Cash paid for business acquisitions, net of cash acquired	(143,768)	(83,804)
Payments for acquisition of intangible assets	0	3,583
Net cash (used in) investing activities	(149,075)	(93,832)
Cash flows from financing activities:
Borrowings on revolving credit	1,734,973	1,305,922
Repayments on revolving credit	(1,550,460)	(1,268,846)
Debt issuance costs	(296)	0
Repayments on capital lease obligation	(437)	(184)
Contingent consideration payments	(54,025)	(10,241)
Exercise and issuance of equity awards	2,126	6,514
Taxes paid on settlement of equity awards	(1,622)	(1,744)
Repurchase of common stock	0	(20,882)
Excess tax benefits from share-based payment arrangements	0	88
Net cash provided by financing activities	130,259	10,627
Effect of exchange rate changes on cash and cash equivalents	1,247	(132)
(Decrease) increase in cash and cash equivalents	(20,733)	787
Cash and cash equivalents at beginning of period	56,094	61,400
Cash and cash equivalents at end of period	$ 35,361	$ 62,187

Business and Summary of Signifi

Business and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Business and Summary of Significant Accounting Policies	Business and Summary of Significant Accounting Policies Business Description ScanSource , Inc. is a leading global provider of technology products and solutions. ScanSource, Inc. and its subsidiaries (the "Company") provide value-added solutions from technology suppliers and sell to customers in specialty technology markets through its Worldwide Barcode, Networking & Security segment and Worldwide Communications & Services segment. The Company operates in the United States, Canada, Latin America and Europe. The Company sells products into the United States and Canada principally from a facility located in Mississippi; into Latin America principally from facilities located in Florida, Mexico, Brazil and Colombia; and into Europe from facilities located in Belgium, France, Germany and the United Kingdom. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared by the Company’s management in accordance with United States generally accepted accounting principles ("U.S. GAAP") for interim financial information and applicable rules and regulations of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. The unaudited condensed consolidated financial statements included herein contain all adjustments (consisting of normal recurring and non-recurring adjustments) that are, in the opinion of management, necessary to present fairly the financial position as of March 31, 2018 and June 30, 2017 , the results of operations for the quarters and nine months ended March 31, 2018 and 2017 , the statements of comprehensive income for the quarters and nine months ended March 31, 2018 and 2017 , and the statements of cash flows for the nine months ended March 31, 2018 and 2017 . The results of operations for the quarters and nine months ended March 31, 2018 and 2017 are not necessarily indicative of the results to be expected for a full year. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2017 . Summary of Significant Accounting Policies Except as described below, there have been no material changes to the Company’s significant accounting policies for the nine months ended March 31, 2018 from the policies described in the notes to the Company’s consolidated financial statements included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2017 . For a discussion of the Company’s significant accounting policies, please see the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2017 . Cash and Cash Equivalents The Company considers all highly-liquid investments with original maturities of three months or less, when purchased, to be cash equivalents. The Company maintains zero-balance disbursement accounts at various financial institutions at which the Company does not maintain significant depository relationships. Due to the terms of the agreements governing these accounts, the Company generally does not have the right to offset outstanding checks written from these accounts against cash on hand, and the respective institutions are not legally obligated to honor the checks until sufficient funds are transferred to fund the checks. As a result, checks released but not yet cleared from these accounts in the amounts of $7.8 million and $8.3 million are included in accounts payable as of March 31, 2018 and June 30, 2017 , respectively. Long-lived Assets The Company presents depreciation expense and intangible amortization expense individually on the Condensed Consolidated Income Statements. The Company's depreciation expense related to selling, general and administrative costs totaled $3.4 million and $10.1 million for the quarter and nine months ended March 31, 2018 and $2.7 million and $7.2 million for the quarter and nine months ended March 31, 2017 , respectively. Depreciation expense reported as part of cost of goods sold on the Condensed Consolidated Income Statements totaled $1.0 million and $2.5 million for the quarter and nine months ended March 31, 2018 , respectively. There was no depreciation expense reported as part of cost of goods sold prior to the acquisition of POS Portal on July 31, 2017. The Company's amortization expense reported on the Condensed Consolidated Income Statements relate to selling, general and administrative costs, not the cost of selling goods. Intangible amortization expense totaled $5.1 million and $15.6 million for the quarter and nine months ended March 31, 2018 , respectively and $4.2 million and $11.5 million for the quarter and nine months ended March 31, 2017 , respectively. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued a comprehensive new revenue recognition standard for contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance under Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers (Topic 606). In March, April, May and December 2016 the FASB issued additional ASUs to provide supplemental adoption guidance and clarification to ASU 2014-09. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, the standard provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. This guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The new standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. This guidance will be applicable to the Company for the fiscal year beginning July 1, 2018. The Company is currently in the process of evaluating the impact of this guidance on our consolidated financial results to determine the appropriate transition method for the Company. The Company has engaged a third-party consultant to assist with developing a multi-phase plan to assess the impact of adoption and is currently in the process of finalizing its conclusions on several aspects of the standard including principal versus agent considerations, identification of performance obligations, and the determination of when control of goods and services transfers to the Company’s customers. Additionally, the Company is in the process of evaluating the impact of the expanded disclosure requirements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) requiring lessees to reflect most leases on their balance sheets and recognize expenses on their income statements. Under the new guidance, lessees will be required to recognize a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis, and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The asset will be measured at the lease liability amount, adjusted for lease prepayments, lease incentives received, and the lessee's initial direct costs. For leases with a lease term of 12 months or less, as long as the lease does not include options to purchase the underlying assets, lessees can elect not to recognize a lease liability and right-of-use asset. Under the new guidance, lessor accounting is largely unchanged, and the accounting for sale and leaseback transactions is simplified. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. This guidance will be applicable to the Company for the fiscal year beginning July 1, 2019. The guidance must be adopted using a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company is currently evaluating the impact on its consolidated financial statements upon the adoption of this new guidance. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. This guidance was adopted by the Company prospectively on July 1, 2017. The new standard simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory withholding requirements, as well as classification in the statement of cash flows. Under the new guidance, an entity will recognize all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement. This change eliminates the current practice of recognizing excess tax benefits in additional paid-in-capital ("APIC") and tax deficiencies in APIC to the extent that there is a sufficient APIC pool related to previously recognized excess tax benefits. In addition, excess tax benefits and tax deficiencies are considered discrete items in the reporting period they occur and are not included in the estimate of an entity’s annual effective tax rate. As for classification on the statement of cash flows, excess tax benefits will no longer represent a financing activity since they are recognized in the income statement and will appropriately be classified as an operating activity. See the Condensed Consolidated Statements of Cash Flows for the nine months ended March 31, 2018 for the prospective presentation of classifying excess tax benefits as an operating activity, not a financing activity as in prior years. The ASU allows an entity to elect as an accounting policy either to continue to estimate the total number of awards for which the requisite service period will not be rendered (as currently required) or to account for forfeitures when they occur. The Company elected to maintain its accounting policy to estimate the total number of forfeitures for stock awards granted. In regards to statutory withholding requirements, the new guidance stipulates that the net settlement of an award would not result, by itself, in liability classification of the award provided that the amount withheld for taxes does not exceed the maximum statutory tax rate in the employees’ relevant tax jurisdictions. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) intended to reduce diversity in practice of how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The update addresses eight specific cash flow issues, with the treatment of contingent consideration payments made after a business combination being the most directly applicable to the Company. The update requires that cash payments made approximately three months or less after an acquisition's consummation date should be classified as cash outflows for investing activities. Payment made thereafter up to the amount of the original contingent consideration liability should be classified as cash outflows from financing activities. Payments made in excess of the amount of the original contingent consideration liability should be classified as cash outflows from operating activities. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The standard will be applicable to the Company for the fiscal year beginning July 1, 2018. Early adoption is permitted, provided all eight amendments are adopted in the same period. The guidance requires adoption using a retrospective transition method. The Company is currently evaluating the impact on its consolidated financial statements upon the adoption of this new guidance. The Company has reviewed other newly issued accounting pronouncements and concluded that they are either not applicable to its business or that no material effect is expected on its consolidated financial statements as a result of future adoption.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share are computed by dividing net income by the weighted-average number of common and potential common shares outstanding. Quarter ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (in thousands, except per share data) Numerator: Net Income $ 10,649 $ 12,424 $ 22,765 $ 50,276 Denominator: Weighted-average shares, basic 25,572 25,262 25,503 25,311 Dilutive effect of share-based payments 34 138 104 147 Weighted-average shares, diluted 25,606 25,400 25,607 25,458 Net income per common share, basic $ 0.42 $ 0.49 $ 0.89 $ 1.99 Net income per common share, diluted $ 0.42 $ 0.49 $ 0.89 $ 1.97 For the quarter and nine months ended March 31, 2018 , weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 952,351 and 534,082 , respectively. For the quarter and nine months ended March 31, 2017 , there were 442,001 and 454,006 , respectively, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) consists of the following: March 31, 2018 June 30, 2017 (in thousands) Foreign currency translation adjustment $ (61,573 ) $ (73,217 ) Unrealized gain (loss) on hedged transaction, net of tax 923 13 Accumulated other comprehensive income (loss) $ (60,650 ) $ (73,204 ) The tax effect of amounts in comprehensive income (loss) reflect a tax expense or benefit as follows: Quarter ended March 31, Nine months ended March 31, 2018 2017 2018 2017 (in thousands) Tax expense (benefit) $ 108 $ (271 ) $ 487 $ (179 )

Acquisitions

Acquisitions	9 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions POS Portal On July 31, 2017 , the Company acquired all of the outstanding shares of POS Portal, Inc. ("POS Portal") a leading provider of payment devices and services primarily to the small and midsized ("SMB") market segment in the United States. POS Portal joined the Worldwide Barcode, Networking & Security segment. Under the purchase agreement, the all-cash transaction included an initial purchase price of approximately $144.9 million paid in cash at closing. The Company paid an additional $3.4 million for customary closing adjustments during the six months ended December 31, 2017. The Company acquired $4.6 million in cash, net of debt payoff and other customary closing adjustments, resulting in $143.8 million net cash paid for POS Portal. The agreement also included a cash earn-out payment up to $13.2 million based on POS Portal's earnings before interest expense, taxes, depreciation and amortization (EBITDA) for the trailing twelve months (TTM) ending September 30, 2017, which was paid in full during the quarter ended December 31, 2017. A portion of the purchase price was placed into escrow to indemnify the Company for certain pre-acquisition damages. A portion of the escrow was released during the quarter ended December 31, 2017. As of March 31, 2018 , the balance available in escrow was $13.1 million . The purchase price of this acquisition was allocated to the assets acquired and liabilities assumed based on their estimated fair values on the transaction date. Purchase accounting for this acquisition was finalized during the December quarter. The goodwill balance is primarily attributed to expanding the Company's high-value capabilities and market reach across all payment channels. Goodwill, identifiable intangible assets and the related deferred tax liability are not deductible for tax purposes. Pro forma results of operations have not been presented for the acquisition of POS Portal because such results are not material to our consolidated results. POS Portal (in thousands) Receivables $ 8,914 Inventory 8,352 Other current assets 917 Property and equipment 24,963 Goodwill 101,198 Identifiable intangible assets 57,000 Other non-current assets 100 $ 201,444 Accounts payable $ 10,897 Accrued expenses and other current liabilities 5,130 Contingent consideration 13,098 Other long-term liabilities 102 Long-term deferred taxes payable 28,449 Consideration transferred, net of cash acquired 143,768 $ 201,444 Intangible assets acquired include trade names, customer relationships, non-compete agreements and an encryption key library. The weighted-average amortization period for these identified intangible assets after purchase accounting adjustments, other than goodwill, was 10 years. Intelisys On August 29, 2016, the Company acquired substantially all the assets of Intelisys, a technology services company with voice, data, cable, wireless, and cloud services. Intelisys is part of the Company's Worldwide Communications and Services operating segment. With this acquisition, the Company broadens its capabilities in the telecom and cloud services market and expands its opportunities for high-growth recurring revenue. Under the asset purchase agreement, the Company made an initial cash payment of approximately $84.6 million , which consisted of an initial purchase price of $83.6 million and $1.0 million for additional net assets acquired at closing, and agreed to make four additional annual cash installments based on a form of adjusted EBITDA for the periods ending June 30, 2017 through June 30, 2020. The Company acquired $0.8 million of cash as part of the acquisition, resulting in $83.8 million net cash paid for Intelisys initially. A portion of the purchase price was placed into escrow to indemnify the Company for certain pre-acquisition damages. As of March 31, 2018 , the balance available in escrow was $8.5 million . The purchase price of this acquisition was allocated to the assets acquired and liabilities assumed based on their estimated fair values on the transaction date. The goodwill balance is primarily attributed to entering the recurring revenue telecom and cloud services market and expanded market opportunities to grow recurring revenue streams. Goodwill and identifiable intangible assets are expected to be fully deductible for tax purposes. Intelisys (in thousands) Receivables $ 21,655 Other current assets 1,547 Property and equipment 5,298 Goodwill 109,005 Identifiable intangible assets 63,110 Other non-current assets 1,839 $ 202,454 Accounts payable $ 21,063 Accrued expenses and other current liabilities 2,587 Contingent consideration 95,000 Consideration transferred, net of cash acquired 83,804 $ 202,454 Intangible assets acquired include trade names, customer relationships and non-compete agreements. The weighted-average amortization period for these identified intangible assets after purchase accounting adjustments, other than goodwill, was 10 years.

Goodwill and Other Identifiable

Goodwill and Other Identifiable Intangible Assets	9 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Identifiable Intangible Assets	Goodwill and Other Identifiable Intangible Assets The changes in the carrying amount of goodwill for the nine months ended March 31, 2018 , by reporting segment, are as follows: Barcode, Networking & Security Segment Communications & Services Segment Total (in thousands) Balance as of June 30, 2017 $ 36,260 $ 164,621 $ 200,881 Additions 101,198 — 101,198 Foreign currency translation adjustment 288 1,091 1,379 Balance as of March 31, 2018 $ 137,746 $ 165,712 $ 303,458 The Company completed the acquisition of POS Portal, a leading provider of payment devices and services primarily to the SMB market segment in the United States. The addition of goodwill in the Worldwide Barcode, Networking & Security segment is the result of this acquisition. The following table shows changes in the amount recognized for net identifiable intangible assets for the nine months ended March 31, 2018 . Net Identifiable Intangible Assets (in thousands) Balance as of June 30, 2017 $ 101,513 Additions 57,000 Amortization expense (15,600 ) Foreign currency translation adjustment 813 Balance as of March 31, 2018 $ 143,726 The intangible asset additions represent acquired assets for trade names, customer relationships, non-compete agreements and an encryption key library related to the POS Portal acquisition. These assets will be amortized over a period of four to twelve years.

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt	9 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Short-Term Borrowings and Long-Term Debt	Short-Term Borrowings and Long-Term Debt The following table presents the Company’s debt as of March 31, 2018 and June 30, 2017 . March 31, 2018 June 30, 2017 (in thousands) Current portion of long-term debt $ 471 $ — Revolving credit facility 276,730 91,871 Long-term debt 4,957 5,429 Total debt $ 282,158 $ 97,300 Revolving Credit Facility The Company has a multi-currency senior secured revolving credit facility with JPMorgan Chase Bank N.A., as administrative agent, and a syndicate of banks (the “Amended Credit Agreement”) that is scheduled to mature on April 3, 2022 . On August 8, 2017, the Company amended the Amended Credit Agreement to increase the committed credit facility from $300 million to $400 million . The Amended Credit Agreement allows for the issuance of up to $50 million for letters of credit and has a $200 million accordion feature that allows the Company to increase the availability to $600 million , subject to obtaining additional credit commitments from the lenders participating in the increase. The Company incurred $0.3 million in debt issuance costs in connection with the August 8, 2017 amendment. At the Company's option, loans denominated in U.S. dollars under the Amended Credit Agreement, other than swingline loans, bear interest at a rate equal to a spread over the London Interbank Offered Rate ("LIBOR") or alternate base rate depending upon the Company's ratio of total debt (excluding accounts payable and accrued liabilities), measured as of the end of the most recent quarter, to adjusted earnings before interest expense, income taxes, depreciation and amortization ("EBITDA") for the most recently completed four quarters (the "Leverage Ratio"). This spread ranges from 1.00% to 2.125% for LIBOR-based loans and 0.00% to 1.125% for alternate base rate loans. Additionally, the Company is assessed commitment fees ranging from 0.175% to 0.35% , depending upon the Leverage Ratio, on non-utilized borrowing availability, excluding swingline loans. Borrowings are guaranteed by substantially all of the domestic assets of the Company and a pledge of up to 65% of capital stock or other equity interest in certain foreign subsidiaries determined to be either material or a subsidiary borrower as defined in the Amended Credit Agreement. At March 31, 2018 , the spread in effect was 1.875% for LIBOR-based loans and 0.875% for alternate base rate loans. The commitment fee rate in effect as of March 31, 2018 was 0.30% . The Company was in compliance with all covenants under the credit facility as of March 31, 2018 . The average daily outstanding balance during the nine month periods ended March 31, 2018 and 2017 was $277.3 million and $131.2 million , respectively. There was $123.3 million and $208.1 million available for additional borrowings as of March 31, 2018 and June 30, 2017 , respectively. There were no letters of credit issued under the multi-currency revolving credit facility as of March 31, 2018 and June 30, 2017 . Long-Term Debt On August 1, 2007 , the Company entered into an agreement with the State of Mississippi to provide financing for the acquisition and installation of certain equipment to be utilized at the Company’s Southaven, Mississippi warehouse, through the issuance of an industrial development revenue bond. The bond matures on September 1, 2032 and accrues interest at the 30-day LIBOR rate plus a spread of 0.85% . The terms of the bond allow for payment of interest only for the first 10 years of the agreement, and then, starting on September 1, 2018 through 2032, principal and interest payments are due until the maturity date or the redemption of the bond. The agreement also provides the bondholder with a put option, exercisable only within 180 days of each fifth anniversary of the agreement, requiring the Company to pay back the bonds at 100% of the principal amount outstanding. As of March 31, 2018 , the Company was in compliance with all covenants under this bond. The interest rate at March 31, 2018 and June 30, 2017 was 2.54% and 1.93% , respectively. Debt Issuance Costs As of March 31, 2018 , net debt issuance costs associated with the credit facility and bond totaled $1.4 million and are being amortized on a straight-line basis through the maturity date of each respective debt instrument.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Mar. 31, 2018
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities In an effort to manage the exposure to foreign currency exchange rates and interest rates, the Company periodically enters into various derivative instruments. The Company’s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments in accordance with U.S. GAAP. The Company records all derivatives on the balance sheet at fair value. Derivatives that are not designated as hedging instruments and the ineffective portions of cash flow hedges designated as hedging instruments are adjusted to fair value through earnings in other income and expense. Foreign Currency Derivatives – The Company conducts a portion of its business internationally in a variety of foreign currencies. The exposure to market risk for changes in foreign currency exchange rates arises from foreign currency-denominated assets and liabilities, and transactions arising from non-functional currency financing or trading activities. The Company’s objective is to preserve the economic value of non-functional currency-denominated cash flows. The Company attempts to hedge transaction exposures with natural offsets to the fullest extent possible and, once these opportunities have been exhausted, through forward contracts or other hedging instruments with third parties. These contracts hedge the exchange of various currencies, including the U.S. dollar, Brazilian real, euro, British pound, Canadian dollar, Mexican peso, Chilean peso, Colombian peso and Peruvian nuevo sol. While the Company utilizes foreign exchange contracts to hedge foreign currency exposure, the Company's foreign exchange policy prohibits the use of derivative financial instruments for speculative purposes. The Company had contracts outstanding for purposes of managing cash flows with notional amounts of $86.3 million and $67.1 million for the exchange of foreign currencies as of March 31, 2018 and June 30, 2017 , respectively. To date, the Company has chosen not to designate these derivatives as hedging instruments, and accordingly, these instruments are adjusted to fair value through earnings in other income and expense. Summarized financial information related to these derivative contracts and changes in the underlying value of the foreign currency exposures are as follows: Quarter ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (in thousands) Net foreign exchange derivative contract (gains) losses $ 1,115 $ 735 $ 2,057 $ (225 ) Net foreign currency transactional and re-measurement (gains) losses (622 ) (24 ) (782 ) 1,856 Net foreign currency (gains) losses $ 493 $ 711 $ 1,275 $ 1,631 Net foreign exchange gains and losses consist of foreign currency transactional and functional currency re-measurements, offset by net foreign currency exchange contract gains and losses and are included in other (income) expense, net in the accompanying condensed consolidated income statements. Foreign exchange gains and losses are generated as the result of fluctuations in the value of the U.S. dollar versus the Brazilian real, the U.S. dollar versus the euro, the British pound versus the euro, and other currencies versus the U.S. dollar. Interest Rates - The Company's earnings are affected by changes in interest rates due to the impact those changes have on interest expense from floating rate debt instruments. To manage the exposure, the Company has entered into an interest rate swap agreement with a notional amount of $50.0 million scheduled to mature on April 3, 2022 . This swap agreement is designated as a cash flow hedge to hedge the variable rate interest payments on the revolving credit facility. Interest rate differentials paid or received under the swap agreement are recognized as adjustments to interest expense. To the extent the swap is effective in offsetting the variability of the hedged cash flows, changes in the fair value of the swap are not included in current earnings but are reported as other comprehensive income (loss). There was no ineffective portion to be recorded as an adjustment to earnings for the quarter and nine months ended March 31, 2018 . The components of the cash flow hedge included in accumulated other comprehensive income (loss), net of income taxes, in the Condensed Consolidated Balance Sheets, are as follows: Quarter ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (in thousands) Net interest expense recognized as a result of interest rate swap $ 28 $ — $ 174 $ — Unrealized gain (loss) in fair value of interest rate swap 725 — 1,136 — Net increase (decrease) in accumulated other comprehensive income (loss) $ 753 $ — $ 1,310 $ — Income tax effect 192 — 400 — Net increase (decrease) in accumulated other comprehensive income (loss), net of tax $ 561 $ — $ 910 $ — The Company used the following derivative instruments as of March 31, 2018 and June 30, 2017 , reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above: March 31, 2018 June 30, 2017 Balance Sheet Location Fair Value of Derivatives Designated as Hedge Instruments Fair Value of Derivatives Not Designated as Hedge Instruments Fair Value of Derivatives Designated as Hedge Instruments Fair Value of Derivatives Not Designated as Hedge Instruments (in thousands) Derivative assets: Foreign exchange contracts Prepaid expenses and other current assets $ — $ 209 $ — $ 35 Interest rate swap agreement Other non-current assets $ 1,331 $ — $ 21 $ — Derivative liabilities: Foreign exchange contracts Accrued expenses and other current liabilities $ — $ 112 $ — $ 131

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Accounting guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Under this guidance, the Company classifies certain assets and liabilities based on the fair value hierarchy, which aggregates fair value measured assets and liabilities based upon the following levels of inputs: • Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2 – Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; • Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported by little or no market activity). The assets and liabilities maintained by the Company that are required to be measured or disclosed at fair value on a recurring basis include the Company’s various debt instruments, deferred compensation plan investments, outstanding forward foreign currency exchange contracts, interest rate swap agreements and contingent consideration owed to the previous owners of Network1 and Intelisys. The carrying value of debt is considered to approximate fair value, as the Company’s debt instruments are indexed to a variable rate using the market approach (Level 2 criteria). The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 : Total Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (in thousands) Assets: Deferred compensation plan investments, current and non-current portion $ 22,550 $ 22,550 $ — $ — Forward foreign currency exchange contracts 209 — 209 — Interest rate swap agreement 1,331 — 1,331 — Total assets at fair value $ 24,090 $ 22,550 $ 1,540 $ — Liabilities: Deferred compensation plan investments, current and non-current portion $ 22,550 $ 22,550 $ — $ — Forward foreign currency exchange contracts 112 — 112 — Liability for contingent consideration, current and non-current portion 101,778 — — 101,778 Total liabilities at fair value $ 124,440 $ 22,550 $ 112 $ 101,778 The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 : Total Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (in thousands) Assets: Deferred compensation plan investments, current and non-current portion $ 21,439 $ 21,439 $ — $ — Forward foreign currency exchange contracts 35 — 35 — Interest rate swap agreement 21 — 21 — Total assets at fair value $ 21,495 $ 21,439 $ 56 $ — Liabilities: Deferred compensation plan investments, current and non-current portion $ 21,074 $ 21,074 $ — $ — Forward foreign currency exchange contracts 131 — 131 — Liability for contingent consideration, current and non-current portion 114,036 — — 114,036 Total liabilities at fair value $ 135,241 $ 21,074 $ 131 $ 114,036 The investments in the deferred compensation plan are held in a rabbi trust and include mutual funds and cash equivalents for payment of non-qualified benefits for certain retired, terminated and active employees. These investments are recorded to prepaid expenses and other current assets or other non-current assets depending on their corresponding, anticipated distribution dates to recipients, which are reported in accrued expenses and other current liabilities or other long-term non-current liabilities, respectively. Derivative instruments, such as foreign currency forward contracts, are measured using the market approach on a recurring basis considering foreign currency spot rates and forward rates quoted by banks or foreign currency dealers and interest rates quoted by banks (Level 2). See Note 7 - Derivatives and Hedging Activities . Fair values of interest rate swaps are measured using standard valuation models with inputs that can be derived from observable market transactions, including LIBOR spot and forward rates (Level 2). Foreign currency contracts and interest rate swap agreements are classified in the Condensed Consolidated Balance Sheets as prepaid expenses and other current assets or accrued expenses and other current liabilities, depending on the respective instruments' favorable or unfavorable positions. The Company recorded contingent consideration liabilities at the acquisition date of Network1, Intelisys and POS Portal representing the amounts payable to former shareholders, as outlined under the terms of the purchase agreements, based upon the achievement of a projected earnings measure, net of specific pro forma adjustments. The contingent consideration due to the former shareholders of POS Portal was paid in full during the quarter ended December 31, 2017. The current and non-current portions of these obligations are reported separately on the Condensed Consolidated Balance Sheets. The fair value of the contingent considerations (Level 3) are determined using a form of a probability weighted discounted cash flow model. Subsequent changes in the fair value of the contingent consideration liabilities are recorded to the change in fair value of contingent consideration line item in the Condensed Consolidated Income Statements. Fluctuations due to foreign currency translation are captured in other comprehensive income through the changes in foreign currency translation adjustments line item as seen in Note 3 - Accumulated Other Comprehensive Income (Loss) . POS Portal is part of the Company's Worldwide Barcode, Networking and Security Segment. Network1 and Intelisys are part of the Company's Worldwide Communications and Services segment. The table below provides a summary of the changes in fair value of the Company’s contingent considerations (Level 3) for the Network1, Intelisys and POS Portal earnouts for the quarter and nine months ended March 31, 2018 . The contingent consideration due to the former shareholders of POS Portal was paid in full during the quarter ended December 31, 2017. Contingent consideration for the quarter ended Contingent consideration for the nine months ended March 31, 2018 March 31, 2018 Barcode, Networking & Security Segment Communications & Services Segment Total Barcode, Networking & Security Segment Communications & Services Segment Total (in thousands) Fair value at beginning of period $ — $ 97,031 $ 97,031 $ — $ 114,036 $ 114,036 Issuance of contingent consideration — — — 13,098 — 13,098 Payments — — — (13,167 ) (40,858 ) (54,025 ) Change in fair value of contingent consideration — 4,801 4,801 69 28,526 28,595 Foreign currency translation adjustment — (54 ) (54 ) — 74 74 Fair value at end of period $ — $ 101,778 $ 101,778 $ — $ 101,778 $ 101,778 The table below provides a summary of the changes in fair value of the Company’s contingent considerations (Level 3) for the Imago, Network1 and Intelisys earnouts for the quarter and nine months ended March 31, 2017 . The contingent consideration due to the former shareholders of Imago was paid in full during the quarter ended December 31, 2016. Contingent consideration for the quarter ended Contingent consideration for the nine months ended March 31, 2017 March 31, 2017 Communications & Services Segment Communications & Services Segment (in thousands) Fair value at beginning of period $ 110,880 $ 24,652 Issuance of contingent consideration — 95,000 Payments — (10,241 ) Change in fair value of contingent consideration 1,960 3,921 Foreign currency translation adjustment 383 (109 ) Fair value at end of period $ 113,223 $ 113,223 The fair values of amounts owed are recorded in current portion of contingent consideration and long-term portion of contingent consideration in the Company’s Condensed Consolidated Balance Sheets. The U.S. dollar amounts of actual disbursements made in connection with the future earnout payment for Network1 are subject to change as the liability is denominated in Brazilian real and subject to foreign exchange fluctuation risk. The Company will revalue the contingent consideration liabilities at each reporting date through the last payment, with changes in the fair value of the contingent consideration reflected in the change in fair value of contingent consideration line item on the Company’s Condensed Consolidated Income Statements that is included in the calculation of operating income. The fair value of the contingent consideration liabilities associated with future earnout payments is based on several factors, including: • estimated future results, net of pro forma adjustments set forth in the purchase agreements; • the probability of achieving these results; and • a discount rate reflective of the Company’s creditworthiness and market risk premium associated with the United States and Brazilian markets. A change in any of these unobservable inputs can significantly change the fair value of the contingent consideration. Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for our contingent consideration liabilities as of March 31, 2018 and June 30, 2017 were as follows. Reporting Period Valuation Technique Significant Unobservable Inputs Weighted Average Rates March 31, 2018 Discounted cash flow Weighted average cost of capital 15.9 % Adjusted EBITDA growth rate 17.2 % June 30, 2017 Discounted cash flow Weighted average cost of capital 14.2 % Adjusted EBITDA growth rate 17.0 % Worldwide Barcode, Networking & Security POS Portal The contingent consideration due to the former shareholders of POS Portal was paid in full during the quarter ended December 31, 2017. As such, no liability is recorded as of this reporting date and no change in fair value of the contingent consideration is recognized in the Condensed Consolidated Income Statements for the quarter ended March 31, 2018 . For the nine months ended March 31, 2018 , the change in fair value of the contingent consideration recognized in the Condensed Consolidated Income Statements contributed a loss of less than $0.1 million . Worldwide Communications & Services Segment Intelisys The discounted fair value of the liability for the contingent consideration due to the former shareholders of Intelisys recognized at March 31, 2018 was $93.7 million , of which $32.7 million is classified as current. The change in fair value of the contingent consideration recognized in the Condensed Consolidated Income Statement contributed a loss of $3.0 million and $12.2 million , respectively, for the quarter and nine months ended March 31, 2018 . The change in fair value for the quarter is primarily driven by the recurring amortization of the unrecognized fair value discount. The change in fair value for the nine month period is largely driven by the recurring amortization of the unrecognized fair value discount and an adjustment to the probability weights in the discounted cash flow model. Although there is no contractual limit, total future undiscounted contingent consideration payments are anticipated to range up to $115.6 million , based on the Company’s best estimate of the earnout calculated on a multiple of earnings, before interest expense, income taxes, depreciation and amortization. The discounted fair value of the liability for the contingent consideration related to Intelisys recognized at March 31, 2017 was $101.5 million , of which $25.8 million is classified as current. The change in fair value of the contingent consideration recognized in the Condensed Consolidated Income Statement contributed a loss of $3.3 million and $6.5 million , respectively, for the quarter and nine months ended March 31, 2017 . The change for the quarter and nine months period is driven by the recurring amortization of the unrecognized fair value discount. Network1 The discounted fair value of the liability for the contingent consideration due to the former shareholders of Network1 recognized at March 31, 2018 was $8.1 million , all of which is classified as current. For the quarter and nine months ended March 31, 2018 , the change in fair value of the contingent consideration recognized in the Condensed Consolidated Income Statements contributed a loss of $1.8 million and $16.3 million , respectively. The change in fair value for the quarter is primarily due to improved actual results. The change in fair value for the nine month period is primarily driven by a change in estimate of the current year payment to the former shareholders of Network1, additional agreed upon adjustments to the projected final settlement and improved actual results for the nine month period. In addition, volatility in the foreign exchange between the Brazilian real and the U.S. dollar has driven changes in the translation of this Brazilian real denominated liability. Although there is no contractual limit, total future undiscounted contingent consideration payments are anticipated to range up to $8.7 million , based on the Company’s best estimate of the earnout calculated on a multiple of adjusted earnings, before interest expense, income taxes, depreciation and amortization, plus the effects of foreign exchange. The discounted fair value of the liability for the contingent consideration related to Network1 recognized at March 31, 2017 was $11.8 million , of which $5.5 million is classified as current. For the quarter and nine months ended March 31, 2017 , the change in fair value of the contingent consideration recognized in the Condensed Consolidated Income Statements contributed a gain of $1.3 million and $1.5 million , respectively, primarily driven by less than expected results, partially offset by the recurring amortization of the unrecognized fair value discount. In addition, volatility in the foreign exchange between the Brazilian real and the U.S. dollar has driven changes in the translation of this Brazilian real denominated liability. Imago The contingent consideration due to the former shareholders of Imago was paid in full during the quarter ended December 31, 2016. The change in fair value of the contingent consideration recognized in the Consolidated Income Statements contributed a gain $1.1 million for the nine months ended March 31, 2017 . The change in fair value is primarily driven by actual results that were less-than-expected, including special adjustments as determined by the stock purchase agreement. In addition, volatility in the foreign exchange rate between the British pound and the U.S. dollar drove changes in the translation of this British pound-denominated liability.

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2018
Segment Reporting, Measurement Disclosures [Abstract]
Segment Information	Segment Information The Company is a leading global provider of technology products and solutions to customers in specialty technology markets. The Company has two reportable segments, based on product, customer and service type. Worldwide Barcode, Networking & Security Segment The Worldwide Barcode, Networking & Security segment focuses on automatic identification and data capture ("AIDC"), point-of-sale ("POS"), payments, networking, electronic physical security and other specialty technologies. We have business units within this segment in North America, Latin America and Europe. We see adjacencies among these technologies in helping our customers develop solutions, such as with networking products. AIDC and POS products interface with computer systems used to automate the collection, processing and communication of information for commercial and industrial applications, including retail sales, distribution, shipping, inventory control, materials handling, warehouse management and health care applications. Electronic physical security products include identification, access control, video surveillance, intrusion-related and wireless and networking infrastructure products. Worldwide Communications & Services Segment The Worldwide Communications & Services segment focuses on communications technologies and services. We have business units within this segment that offer voice, video conferencing, wireless, data networking, cable, collaboration, converged communications solutions, cloud and telecom services. We have business units within this segment in North America, Latin America and Europe. As these solutions come together on IP networks, new opportunities are created for customers to move into adjacent solutions for all vertical markets, such as education, healthcare and government. Our teams deliver value-added support programs and services, including education and training, network assessments, custom configuration, implementation and marketing to help customers develop a new technology practice, or to extend their capability and reach. Selected financial information for each business segment is presented below: Quarter ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (in thousands) Sales: Worldwide Barcode, Networking & Security $ 604,322 $ 548,971 $ 1,944,436 $ 1,770,015 Worldwide Communications & Services 291,315 264,567 907,972 880,880 $ 895,637 $ 813,538 $ 2,852,408 $ 2,650,895 Depreciation and amortization: Worldwide Barcode, Networking & Security $ 4,830 $ 1,828 $ 13,413 $ 5,183 Worldwide Communications & Services 3,740 4,182 12,172 11,002 Corporate 868 870 2,619 2,507 $ 9,438 $ 6,880 $ 28,204 $ 18,692 Change in fair value of contingent consideration: Worldwide Barcode, Networking & Security $ — $ — $ 69 $ — Worldwide Communications & Services 4,801 $ 1,960 $ 28,526 $ 3,921 $ 4,801 $ 1,960 $ 28,595 $ 3,921 Operating income: Worldwide Barcode, Networking & Security $ 11,566 $ 11,175 $ 41,143 $ 36,729 Worldwide Communications & Services 6,375 8,803 6,909 30,232 Corporate — — (172 ) (833 ) $ 17,941 $ 19,978 $ 47,880 $ 66,128 Capital expenditures: Worldwide Barcode, Networking & Security $ 1,293 $ 1,144 $ 3,033 $ 2,522 Worldwide Communications & Services 529 943 1,237 2,033 Corporate 189 1,098 1,037 1,890 $ 2,011 $ 3,185 $ 5,307 $ 6,445 Sales by Geography Category: United States and Canada $ 660,139 $ 619,590 $ 2,118,963 $ 2,016,561 International (1) 242,243 200,382 757,070 660,124 Less intercompany sales (6,745 ) (6,434 ) (23,625 ) (25,790 ) $ 895,637 $ 813,538 $ 2,852,408 $ 2,650,895 (1) For the quarters and nine months ended March 31, 2018 and 2017, there were no sales in excess of 10% of consolidated net sales to any single international country. March 31, 2018 June 30, 2017 (in thousands) Assets: Worldwide Barcode, Networking & Security $ 1,032,920 $ 885,786 Worldwide Communications & Services 827,055 769,342 Corporate 68,000 63,175 $ 1,927,975 $ 1,718,303 Property and equipment, net by Geography Category: United States and Canada $ 70,378 $ 51,853 International 4,204 4,713 $ 74,582 $ 56,566

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company and its subsidiaries are, from time to time, parties to lawsuits arising out of operations. Although there can be no assurance, based upon information known to the Company, the Company believes that any liability resulting from an adverse determination of such lawsuits would not have a material adverse effect on the Company’s financial condition, results of operations or cash flows. The Company expects total capital expenditures to range from $6 million to $8 million for fiscal year 2018, primarily for IT investments. During the Company's due diligence for the CDC and Network1 acquisitions, several pre-acquisition contingencies were identified regarding various Brazilian federal and state tax exposures. The Company is able to record indemnification receivables that are reported gross of the pre-acquisition contingency liabilities as sufficient funds to pay those obligations were escrowed or the Company is entitled to offset those obligations against future earnout payments under the share purchase agreements. However, indemnity claims can be made up to the entire purchase price, which includes the initial payment and all future earnout payments. The Company settled the single remaining pre-acquisition contingency of approximately $2.3 million for CDC during the quarter ended March 31, 2018 and paid the remaining escrow balance to the former shareholders of CDC. The table below summarizes the balances and line item presentation of these pre-acquisition contingencies and corresponding indemnification receivables in the Company's Condensed Consolidated Balance Sheets as of March 31, 2018 and June 30, 2017 : March 31, 2018 CDC Network1 (in thousands) Assets Prepaid expenses and other current assets $ — $ 1,607 Other non-current assets $ — $ 6,612 Liabilities Accrued expenses and other current liabilities $ — $ 1,607 Other long-term liabilities $ — $ 6,612 June 30, 2017 CDC Network1 (in thousands) Assets Prepaid expenses and other current assets $ 2,212 $ 1,294 Other non-current assets $ — $ 8,235 Liabilities Accrued expenses and other current liabilities $ 2,212 $ 1,294 Other long-term liabilities $ — $ 8,235 Changes in these contingent liabilities and receivables from June 30, 2017 are driven by the settlement of CDC's pre-acquisition contingencies, lapse of the statute of limitations on a portion of the Network1 pre-acquisition contingencies and foreign currency translation.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the U.S. government enacted the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act reduces the corporate federal tax rate from 35% to 21% effective January 1, 2018 and implements a territorial tax system. Since the Company has a June 30th fiscal year-end, the lower tax rate will result in a blended U.S. statutory federal rate of approximately 28% for the fiscal year ending June 30, 2018, and 21% for subsequent fiscal years. As part of the Tax Act, U.S. companies are required to pay a one-time transition tax on the deemed repatriation of undistributed foreign earnings and remeasure deferred tax assets and liabilities. Income taxes for the quarter and nine months ended March 31, 2018 have been included in the accompanying condensed consolidated financial statements using an estimated annual effective tax rate. In addition to applying the estimated annual effective tax rate to pre-tax income, the Company also includes certain items treated as discrete events to arrive at an estimated overall tax provision. The table below summarizes the effect of discrete items on the income tax rate for the quarter and nine months ended March 31, 2018 . Quarter ended Nine months ended March 31, 2018 March 31, 2018 (in thousands) Income before income taxes $ 15,792 $ 42,883 Accrual income tax rate (1) 31.4 % 30.4 % Accrued income tax expense, before discrete items 4,963 13,038 Discrete tax expense (benefit): Transition tax on repatriation of foreign earnings — 9,300 Remeasurement of deferred taxes (U.S.) — (3,510 ) Remeasurement of deferred taxes (Belgium) — 900 Other 180 390 Total net discrete tax expense 180 7,080 Provision for income taxes $ 5,143 $ 20,118 Effective income tax rate 32.6 % 46.9 % Income tax rate effect of discrete items 1.1 % 16.5 % (1) The estimated effect of the rate change for the quarter and nine months ended March 31, 2018 is a benefit of approximately $1.3 million and $2.9 million , respectively. The Company’s effective tax rate of 46.9% for the nine months ended March 31, 2018 differs from the current federal statutory rate of 21% primarily as a result of items recorded discretely, income derived from tax jurisdictions with varying income tax rates and the application of a blended U.S. federal rate for the current fiscal year as a result of tax reform legislation. As part of transitioning to the territorial tax system the Tax Act includes a mandatory deemed repatriation of all undistributed foreign earnings that are subject to a U.S. income tax. For the quarter ended December 31, 2017 , the Company recognized a provisional discrete income tax expense of $9.3 million for a one-time transition tax liability on total post-1986 foreign subsidiaries’ earnings and profits (“E&P”) that were previously deferred from U.S. income taxes. The Company has not yet completed the calculation of total post-1986 foreign E&P for foreign subsidiaries and the tax expense currently recognized may change as the value of cash and other specified assets changes, which is part of the basis of the transition tax. No additional income tax expense has been provided for any remaining undistributed foreign earnings not subject to the transition tax and any additional outside basis difference inherent for these entities as such amounts continue to be indefinitely reinvested in foreign operations. Further, the amount of related unrecognized deferred tax liability is under review but not practicable to estimate at this time. As part of accounting for the Tax Act, the Company remeasured certain deferred tax assets and liabilities based on the rates at which such deferred taxes are expected to reverse in the future, which is generally 21% . For the quarter ended December 31, 2017 , the Company recognized a provisional discrete income tax benefit of $3.5 million for the remeasurement of the Company’s net deferred tax liability balance. However, the Company is still analyzing certain aspects of the Tax Act and refining calculations, which are dependent on final results for fiscal year 2018, which could potentially affect the measurement of these deferred taxes or give rise to new deferred tax amounts. At March 31, 2018 , the Company has not completed accounting for the tax effects of the enactment of the Tax Act. The Securities and Exchange Commission has issued rules that would allow for a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impact. The Company currently anticipates finalizing and recording any resulting adjustments by the end of the current fiscal year 2018. The Company made a reasonable estimate of the one-time transition tax and remeasurement of existing deferred tax balances. The transitional impacts resulted in a provisional income tax expense of $5.8 million as a discrete event for the quarter ended December 31, 2017 . The Company has not been able to make a reasonable estimate for any additional outside basis difference inherent for foreign subsidiaries as these amounts continue to be reinvested in foreign operations. The Company continues to account for those items based on existing accounting under ASC 740, Income Taxes . The Company will continue to provide for U.S. income taxes for the current earnings of its Canadian subsidiary. The provisional estimates provided may be impacted by a number of additional considerations, including, but not limited to, the issuance of final regulations, the Company's ongoing analysis of the new tax law and the Company's actual earnings for the fiscal year ending June 30, 2018. The Company had approximately $2.1 million and $2.2 million of total gross unrecognized tax benefits as of March 31, 2018 and June 30, 2017 , respectively. Of this total at March 31, 2018 , approximately $1.4 million represents the amount of unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. The Company does not believe that the total amount of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date. The Company conducts business globally and one or more of its subsidiaries files income tax returns in the U.S. federal, various state, local and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities in countries and states in which it operates. With certain exceptions, the Company is no longer subject to federal, state and local, or non-U.S. income tax examinations by tax authorities for the years before June 30, 2013 . The Company’s policy is to recognize interest and penalties related to income tax matters in income tax expense. As of March 31, 2018 and June 30, 2017 , the Company had approximately $1.2 million and $1.1 million accrued for interest and penalties, respectively. Financial results in Belgium for the quarter and nine months ended March 31, 2018 produced a pre-tax loss of approximately $1.5 million and $3.2 million , respectively. In the judgment of management, the conditions that gave rise to the recent losses are temporary and that it is more likely than not that the deferred tax asset will be realized. If Belgium business does not return to profitability as expected, this could affect the valuation of certain deferred tax assets. Belgium enacted a corporate tax reform law on December 25, 2017 which reduces the corporate tax rate from 33% to 25% over a three-year period. The Company remeasured certain deferred tax assets and liabilities based on the rates at which such deferred taxes are expected to reverse in the future. As a result, the Company recognized income tax expense of $0.9 million as a discrete event during the quarter ended December 31, 2017 .

Business and Summary of Signi18

Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared by the Company’s management in accordance with United States generally accepted accounting principles ("U.S. GAAP") for interim financial information and applicable rules and regulations of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. The unaudited condensed consolidated financial statements included herein contain all adjustments (consisting of normal recurring and non-recurring adjustments) that are, in the opinion of management, necessary to present fairly the financial position as of March 31, 2018 and June 30, 2017 , the results of operations for the quarters and nine months ended March 31, 2018 and 2017 , the statements of comprehensive income for the quarters and nine months ended March 31, 2018 and 2017 , and the statements of cash flows for the nine months ended March 31, 2018 and 2017 . The results of operations for the quarters and nine months ended March 31, 2018 and 2017 are not necessarily indicative of the results to be expected for a full year. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2017 .
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Except as described below, there have been no material changes to the Company’s significant accounting policies for the nine months ended March 31, 2018 from the policies described in the notes to the Company’s consolidated financial statements included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2017 . For a discussion of the Company’s significant accounting policies, please see the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2017 .
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly-liquid investments with original maturities of three months or less, when purchased, to be cash equivalents. The Company maintains zero-balance disbursement accounts at various financial institutions at which the Company does not maintain significant depository relationships. Due to the terms of the agreements governing these accounts, the Company generally does not have the right to offset outstanding checks written from these accounts against cash on hand, and the respective institutions are not legally obligated to honor the checks until sufficient funds are transferred to fund the checks.
Long-lived Assets	Long-lived Assets The Company presents depreciation expense and intangible amortization expense individually on the Condensed Consolidated Income Statements. The Company's depreciation expense related to selling, general and administrative costs totaled $3.4 million and $10.1 million for the quarter and nine months ended March 31, 2018 and $2.7 million and $7.2 million for the quarter and nine months ended March 31, 2017 , respectively. Depreciation expense reported as part of cost of goods sold on the Condensed Consolidated Income Statements totaled $1.0 million and $2.5 million for the quarter and nine months ended March 31, 2018 , respectively. There was no depreciation expense reported as part of cost of goods sold prior to the acquisition of POS Portal on July 31, 2017. The Company's amortization expense reported on the Condensed Consolidated Income Statements relate to selling, general and administrative costs, not the cost of selling goods.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued a comprehensive new revenue recognition standard for contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance under Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers (Topic 606). In March, April, May and December 2016 the FASB issued additional ASUs to provide supplemental adoption guidance and clarification to ASU 2014-09. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, the standard provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. This guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The new standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. This guidance will be applicable to the Company for the fiscal year beginning July 1, 2018. The Company is currently in the process of evaluating the impact of this guidance on our consolidated financial results to determine the appropriate transition method for the Company. The Company has engaged a third-party consultant to assist with developing a multi-phase plan to assess the impact of adoption and is currently in the process of finalizing its conclusions on several aspects of the standard including principal versus agent considerations, identification of performance obligations, and the determination of when control of goods and services transfers to the Company’s customers. Additionally, the Company is in the process of evaluating the impact of the expanded disclosure requirements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) requiring lessees to reflect most leases on their balance sheets and recognize expenses on their income statements. Under the new guidance, lessees will be required to recognize a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis, and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The asset will be measured at the lease liability amount, adjusted for lease prepayments, lease incentives received, and the lessee's initial direct costs. For leases with a lease term of 12 months or less, as long as the lease does not include options to purchase the underlying assets, lessees can elect not to recognize a lease liability and right-of-use asset. Under the new guidance, lessor accounting is largely unchanged, and the accounting for sale and leaseback transactions is simplified. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. This guidance will be applicable to the Company for the fiscal year beginning July 1, 2019. The guidance must be adopted using a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company is currently evaluating the impact on its consolidated financial statements upon the adoption of this new guidance. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. This guidance was adopted by the Company prospectively on July 1, 2017. The new standard simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory withholding requirements, as well as classification in the statement of cash flows. Under the new guidance, an entity will recognize all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement. This change eliminates the current practice of recognizing excess tax benefits in additional paid-in-capital ("APIC") and tax deficiencies in APIC to the extent that there is a sufficient APIC pool related to previously recognized excess tax benefits. In addition, excess tax benefits and tax deficiencies are considered discrete items in the reporting period they occur and are not included in the estimate of an entity’s annual effective tax rate. As for classification on the statement of cash flows, excess tax benefits will no longer represent a financing activity since they are recognized in the income statement and will appropriately be classified as an operating activity. See the Condensed Consolidated Statements of Cash Flows for the nine months ended March 31, 2018 for the prospective presentation of classifying excess tax benefits as an operating activity, not a financing activity as in prior years. The ASU allows an entity to elect as an accounting policy either to continue to estimate the total number of awards for which the requisite service period will not be rendered (as currently required) or to account for forfeitures when they occur. The Company elected to maintain its accounting policy to estimate the total number of forfeitures for stock awards granted. In regards to statutory withholding requirements, the new guidance stipulates that the net settlement of an award would not result, by itself, in liability classification of the award provided that the amount withheld for taxes does not exceed the maximum statutory tax rate in the employees’ relevant tax jurisdictions. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) intended to reduce diversity in practice of how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The update addresses eight specific cash flow issues, with the treatment of contingent consideration payments made after a business combination being the most directly applicable to the Company. The update requires that cash payments made approximately three months or less after an acquisition's consummation date should be classified as cash outflows for investing activities. Payment made thereafter up to the amount of the original contingent consideration liability should be classified as cash outflows from financing activities. Payments made in excess of the amount of the original contingent consideration liability should be classified as cash outflows from operating activities. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The standard will be applicable to the Company for the fiscal year beginning July 1, 2018. Early adoption is permitted, provided all eight amendments are adopted in the same period. The guidance requires adoption using a retrospective transition method. The Company is currently evaluating the impact on its consolidated financial statements upon the adoption of this new guidance. The Company has reviewed other newly issued accounting pronouncements and concluded that they are either not applicable to its business or that no material effect is expected on its consolidated financial statements as a result of future adoption.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Quarter ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (in thousands, except per share data) Numerator: Net Income $ 10,649 $ 12,424 $ 22,765 $ 50,276 Denominator: Weighted-average shares, basic 25,572 25,262 25,503 25,311 Dilutive effect of share-based payments 34 138 104 147 Weighted-average shares, diluted 25,606 25,400 25,607 25,458 Net income per common share, basic $ 0.42 $ 0.49 $ 0.89 $ 1.99 Net income per common share, diluted $ 0.42 $ 0.49 $ 0.89 $ 1.97

Accumulated Other Comprehensi20

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive income (loss) consists of the following: March 31, 2018 June 30, 2017 (in thousands) Foreign currency translation adjustment $ (61,573 ) $ (73,217 ) Unrealized gain (loss) on hedged transaction, net of tax 923 13 Accumulated other comprehensive income (loss) $ (60,650 ) $ (73,204 )
Schedule of Other Comprehensive Income (Loss), Tax Expense (Benefit)	The tax effect of amounts in comprehensive income (loss) reflect a tax expense or benefit as follows: Quarter ended March 31, Nine months ended March 31, 2018 2017 2018 2017 (in thousands) Tax expense (benefit) $ 108 $ (271 ) $ 487 $ (179 )

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Mar. 31, 2018
POS Portal [Member]
Business Acquisition [Line Items]
Schedule of Purchase Price Allocations of Assets Acquired and Liabilities Assumed	POS Portal (in thousands) Receivables $ 8,914 Inventory 8,352 Other current assets 917 Property and equipment 24,963 Goodwill 101,198 Identifiable intangible assets 57,000 Other non-current assets 100 $ 201,444 Accounts payable $ 10,897 Accrued expenses and other current liabilities 5,130 Contingent consideration 13,098 Other long-term liabilities 102 Long-term deferred taxes payable 28,449 Consideration transferred, net of cash acquired 143,768 $ 201,444
Intelisys [Member]
Business Acquisition [Line Items]
Schedule of Purchase Price Allocations of Assets Acquired and Liabilities Assumed	Intelisys (in thousands) Receivables $ 21,655 Other current assets 1,547 Property and equipment 5,298 Goodwill 109,005 Identifiable intangible assets 63,110 Other non-current assets 1,839 $ 202,454 Accounts payable $ 21,063 Accrued expenses and other current liabilities 2,587 Contingent consideration 95,000 Consideration transferred, net of cash acquired 83,804 $ 202,454

Goodwill and Other Identifiab22

Goodwill and Other Identifiable Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in the Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the nine months ended March 31, 2018 , by reporting segment, are as follows: Barcode, Networking & Security Segment Communications & Services Segment Total (in thousands) Balance as of June 30, 2017 $ 36,260 $ 164,621 $ 200,881 Additions 101,198 — 101,198 Foreign currency translation adjustment 288 1,091 1,379 Balance as of March 31, 2018 $ 137,746 $ 165,712 $ 303,458
Schedule of Net Identifiable Intangible Assets	The following table shows changes in the amount recognized for net identifiable intangible assets for the nine months ended March 31, 2018 . Net Identifiable Intangible Assets (in thousands) Balance as of June 30, 2017 $ 101,513 Additions 57,000 Amortization expense (15,600 ) Foreign currency translation adjustment 813 Balance as of March 31, 2018 $ 143,726

Short-Term Borrowings and Lon23

Short-Term Borrowings and Long-Term Debt (Tables)	9 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Debt	The following table presents the Company’s debt as of March 31, 2018 and June 30, 2017 . March 31, 2018 June 30, 2017 (in thousands) Current portion of long-term debt $ 471 $ — Revolving credit facility 276,730 91,871 Long-term debt 4,957 5,429 Total debt $ 282,158 $ 97,300

Derivatives and Hedging Activ24

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Mar. 31, 2018
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Schedule of Derivative Contracts and Changes in Underlying Value of the Foreign Currency Exposures	Summarized financial information related to these derivative contracts and changes in the underlying value of the foreign currency exposures are as follows: Quarter ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (in thousands) Net foreign exchange derivative contract (gains) losses $ 1,115 $ 735 $ 2,057 $ (225 ) Net foreign currency transactional and re-measurement (gains) losses (622 ) (24 ) (782 ) 1,856 Net foreign currency (gains) losses $ 493 $ 711 $ 1,275 $ 1,631
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The components of the cash flow hedge included in accumulated other comprehensive income (loss), net of income taxes, in the Condensed Consolidated Balance Sheets, are as follows: Quarter ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (in thousands) Net interest expense recognized as a result of interest rate swap $ 28 $ — $ 174 $ — Unrealized gain (loss) in fair value of interest rate swap 725 — 1,136 — Net increase (decrease) in accumulated other comprehensive income (loss) $ 753 $ — $ 1,310 $ — Income tax effect 192 — 400 — Net increase (decrease) in accumulated other comprehensive income (loss), net of tax $ 561 $ — $ 910 $ —
Schedule of Derivative Instruments	The Company used the following derivative instruments as of March 31, 2018 and June 30, 2017 , reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above: March 31, 2018 June 30, 2017 Balance Sheet Location Fair Value of Derivatives Designated as Hedge Instruments Fair Value of Derivatives Not Designated as Hedge Instruments Fair Value of Derivatives Designated as Hedge Instruments Fair Value of Derivatives Not Designated as Hedge Instruments (in thousands) Derivative assets: Foreign exchange contracts Prepaid expenses and other current assets $ — $ 209 $ — $ 35 Interest rate swap agreement Other non-current assets $ 1,331 $ — $ 21 $ — Derivative liabilities: Foreign exchange contracts Accrued expenses and other current liabilities $ — $ 112 $ — $ 131

Fair Value of Financial Instr25

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 : Total Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (in thousands) Assets: Deferred compensation plan investments, current and non-current portion $ 22,550 $ 22,550 $ — $ — Forward foreign currency exchange contracts 209 — 209 — Interest rate swap agreement 1,331 — 1,331 — Total assets at fair value $ 24,090 $ 22,550 $ 1,540 $ — Liabilities: Deferred compensation plan investments, current and non-current portion $ 22,550 $ 22,550 $ — $ — Forward foreign currency exchange contracts 112 — 112 — Liability for contingent consideration, current and non-current portion 101,778 — — 101,778 Total liabilities at fair value $ 124,440 $ 22,550 $ 112 $ 101,778 The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 : Total Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (in thousands) Assets: Deferred compensation plan investments, current and non-current portion $ 21,439 $ 21,439 $ — $ — Forward foreign currency exchange contracts 35 — 35 — Interest rate swap agreement 21 — 21 — Total assets at fair value $ 21,495 $ 21,439 $ 56 $ — Liabilities: Deferred compensation plan investments, current and non-current portion $ 21,074 $ 21,074 $ — $ — Forward foreign currency exchange contracts 131 — 131 — Liability for contingent consideration, current and non-current portion 114,036 — — 114,036 Total liabilities at fair value $ 135,241 $ 21,074 $ 131 $ 114,036
Schedule of Changes in Fair Value of Contingent Considerations	The table below provides a summary of the changes in fair value of the Company’s contingent considerations (Level 3) for the Network1, Intelisys and POS Portal earnouts for the quarter and nine months ended March 31, 2018 . The contingent consideration due to the former shareholders of POS Portal was paid in full during the quarter ended December 31, 2017. Contingent consideration for the quarter ended Contingent consideration for the nine months ended March 31, 2018 March 31, 2018 Barcode, Networking & Security Segment Communications & Services Segment Total Barcode, Networking & Security Segment Communications & Services Segment Total (in thousands) Fair value at beginning of period $ — $ 97,031 $ 97,031 $ — $ 114,036 $ 114,036 Issuance of contingent consideration — — — 13,098 — 13,098 Payments — — — (13,167 ) (40,858 ) (54,025 ) Change in fair value of contingent consideration — 4,801 4,801 69 28,526 28,595 Foreign currency translation adjustment — (54 ) (54 ) — 74 74 Fair value at end of period $ — $ 101,778 $ 101,778 $ — $ 101,778 $ 101,778 The table below provides a summary of the changes in fair value of the Company’s contingent considerations (Level 3) for the Imago, Network1 and Intelisys earnouts for the quarter and nine months ended March 31, 2017 . The contingent consideration due to the former shareholders of Imago was paid in full during the quarter ended December 31, 2016. Contingent consideration for the quarter ended Contingent consideration for the nine months ended March 31, 2017 March 31, 2017 Communications & Services Segment Communications & Services Segment (in thousands) Fair value at beginning of period $ 110,880 $ 24,652 Issuance of contingent consideration — 95,000 Payments — (10,241 ) Change in fair value of contingent consideration 1,960 3,921 Foreign currency translation adjustment 383 (109 ) Fair value at end of period $ 113,223 $ 113,223 Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for our contingent consideration liabilities as of March 31, 2018 and June 30, 2017 were as follows. Reporting Period Valuation Technique Significant Unobservable Inputs Weighted Average Rates March 31, 2018 Discounted cash flow Weighted average cost of capital 15.9 % Adjusted EBITDA growth rate 17.2 % June 30, 2017 Discounted cash flow Weighted average cost of capital 14.2 % Adjusted EBITDA growth rate 17.0 %

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2018
Segment Reporting, Measurement Disclosures [Abstract]
Schedule of Financial Information by Segment	Selected financial information for each business segment is presented below: Quarter ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (in thousands) Sales: Worldwide Barcode, Networking & Security $ 604,322 $ 548,971 $ 1,944,436 $ 1,770,015 Worldwide Communications & Services 291,315 264,567 907,972 880,880 $ 895,637 $ 813,538 $ 2,852,408 $ 2,650,895 Depreciation and amortization: Worldwide Barcode, Networking & Security $ 4,830 $ 1,828 $ 13,413 $ 5,183 Worldwide Communications & Services 3,740 4,182 12,172 11,002 Corporate 868 870 2,619 2,507 $ 9,438 $ 6,880 $ 28,204 $ 18,692 Change in fair value of contingent consideration: Worldwide Barcode, Networking & Security $ — $ — $ 69 $ — Worldwide Communications & Services 4,801 $ 1,960 $ 28,526 $ 3,921 $ 4,801 $ 1,960 $ 28,595 $ 3,921 Operating income: Worldwide Barcode, Networking & Security $ 11,566 $ 11,175 $ 41,143 $ 36,729 Worldwide Communications & Services 6,375 8,803 6,909 30,232 Corporate — — (172 ) (833 ) $ 17,941 $ 19,978 $ 47,880 $ 66,128 Capital expenditures: Worldwide Barcode, Networking & Security $ 1,293 $ 1,144 $ 3,033 $ 2,522 Worldwide Communications & Services 529 943 1,237 2,033 Corporate 189 1,098 1,037 1,890 $ 2,011 $ 3,185 $ 5,307 $ 6,445 Sales by Geography Category: United States and Canada $ 660,139 $ 619,590 $ 2,118,963 $ 2,016,561 International (1) 242,243 200,382 757,070 660,124 Less intercompany sales (6,745 ) (6,434 ) (23,625 ) (25,790 ) $ 895,637 $ 813,538 $ 2,852,408 $ 2,650,895 (1) For the quarters and nine months ended March 31, 2018 and 2017, there were no sales in excess of 10% of consolidated net sales to any single international country.
Schedule of Reconciliation of Assets from Segment to Consolidated	March 31, 2018 June 30, 2017 (in thousands) Assets: Worldwide Barcode, Networking & Security $ 1,032,920 $ 885,786 Worldwide Communications & Services 827,055 769,342 Corporate 68,000 63,175 $ 1,927,975 $ 1,718,303 Property and equipment, net by Geography Category: United States and Canada $ 70,378 $ 51,853 International 4,204 4,713 $ 74,582 $ 56,566

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Pre-acquisition Contingencies and Corresponding Indemnification Receivables	The table below summarizes the balances and line item presentation of these pre-acquisition contingencies and corresponding indemnification receivables in the Company's Condensed Consolidated Balance Sheets as of March 31, 2018 and June 30, 2017 : March 31, 2018 CDC Network1 (in thousands) Assets Prepaid expenses and other current assets $ — $ 1,607 Other non-current assets $ — $ 6,612 Liabilities Accrued expenses and other current liabilities $ — $ 1,607 Other long-term liabilities $ — $ 6,612 June 30, 2017 CDC Network1 (in thousands) Assets Prepaid expenses and other current assets $ 2,212 $ 1,294 Other non-current assets $ — $ 8,235 Liabilities Accrued expenses and other current liabilities $ 2,212 $ 1,294 Other long-term liabilities $ — $ 8,235

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The table below summarizes the effect of discrete items on the income tax rate for the quarter and nine months ended March 31, 2018 . Quarter ended Nine months ended March 31, 2018 March 31, 2018 (in thousands) Income before income taxes $ 15,792 $ 42,883 Accrual income tax rate (1) 31.4 % 30.4 % Accrued income tax expense, before discrete items 4,963 13,038 Discrete tax expense (benefit): Transition tax on repatriation of foreign earnings — 9,300 Remeasurement of deferred taxes (U.S.) — (3,510 ) Remeasurement of deferred taxes (Belgium) — 900 Other 180 390 Total net discrete tax expense 180 7,080 Provision for income taxes $ 5,143 $ 20,118 Effective income tax rate 32.6 % 46.9 % Income tax rate effect of discrete items 1.1 % 16.5 % (1) The estimated effect of the rate change for the quarter and nine months ended March 31, 2018 is a benefit of approximately $1.3 million and $2.9 million , respectively.

Business and Summary of Signi29

Business and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Cash and Cash Equivalents [Line Items]
Depreciation expense related to selling, general and administrative costs	$ 3,352	$ 2,663	$ 10,059	$ 7,155
Depreciation expense reported as part of cost of goods sold	1,000		2,500
Amortization of intangible assets	5,103	$ 4,217	15,600	$ 11,537
Bank Overdrafts
Cash and Cash Equivalents [Line Items]
Outstanding checks	$ 7,800		$ 7,800		$ 8,300

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Numerator:
Net Income	$ 10,649	$ 12,424	$ 22,765	$ 50,276
Denominator:
Weighted-average shares, basic (in shares)	25,572,000	25,262,000	25,503,000	25,311,000
Dilutive effect of share-based payments (in shares)	34,000	138,000	104,000	147,000
Weighted-average shares, diluted (in shares)	25,606,000	25,400,000	25,607,000	25,458,000
Net income per common share, basic (in dollars per share)	$ 0.42	$ 0.49	$ 0.89	$ 1.99
Net income per common share, diluted (in dollars per share)	$ 0.42	$ 0.49	$ 0.89	$ 1.97
Weighted average shares excluded from the computation of diluted earnings per share (in shares)	952,351	442,001	534,082	454,006

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustment	$ (61,573)		$ (61,573)		$ (73,217)
Unrealized gain (loss) on hedged transaction, net of tax	923		923		13
Accumulated other comprehensive income (loss)	(60,650)		(60,650)		$ (73,204)
Tax expense (benefit)	$ 108	$ (271)	$ 487	$ (179)

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ in Thousands	Jul. 31, 2017USD ($)	Aug. 29, 2016USD ($)installment	Dec. 31, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Jun. 30, 2017USD ($)
Business Acquisition [Line Items]
Consideration transferred, net of cash acquired				$ 143,768	$ 83,804
Liability for contingent consideration, current and non-current portion				101,778		$ 114,036
POS Portal [Member]
Business Acquisition [Line Items]
Consideration transferred, initial purchase price	$ 144,900
Customary closing adjustments paid			$ 3,400
Cash acquired	4,600
Consideration transferred, net of cash acquired	143,768
Liability for contingent consideration, current and non-current portion	13,098
Purchase price in escrow				$ 13,100
Weighted average useful life				10 years
Intelisys [Member]
Business Acquisition [Line Items]
Consideration transferred, initial purchase price		$ 83,600
Cash acquired		800
Consideration transferred, net of cash acquired		83,804
Liability for contingent consideration, current and non-current portion		95,000
Purchase price in escrow				$ 8,500
Weighted average useful life				10 years
Consideration transferred, initial cash payment		84,600
Consideration transferred, additional net assets acquired		$ 1,000
Additional annual cash installments | installment		4
Maximum [Member]
Business Acquisition [Line Items]
Weighted average useful life				12 years
Maximum [Member] | POS Portal [Member]
Business Acquisition [Line Items]
Liability for contingent consideration, current and non-current portion	$ 13,200

Acquisitions (Schedule of Purch

Acquisitions (Schedule of Purchase Price Allocations of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Aug. 29, 2016	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Business Acquisition [Line Items]
Goodwill			$ 303,458		$ 200,881
Contingent consideration			101,778		$ 114,036
Consideration transferred, net of cash acquired			$ 143,768	$ 83,804
POS Portal [Member]
Business Acquisition [Line Items]
Receivables	$ 8,914
Inventory	8,352
Other current assets	917
Property and equipment	24,963
Goodwill	101,198
Identifiable intangible assets	57,000
Other non-current assets	100
Total assets	201,444
Accounts payable	10,897
Accrued expenses and other current liabilities	5,130
Contingent consideration	13,098
Other long-term liabilities	102
Long-term deferred taxes payable	28,449
Consideration transferred, net of cash acquired	143,768
Total liabilities	$ 201,444
Intelisys [Member]
Business Acquisition [Line Items]
Receivables		$ 21,655
Other current assets		1,547
Property and equipment		5,298
Goodwill		109,005
Identifiable intangible assets		63,110
Other non-current assets		1,839
Total assets		202,454
Accounts payable		21,063
Accrued expenses and other current liabilities		2,587
Contingent consideration		95,000
Consideration transferred, net of cash acquired		83,804
Total liabilities		$ 202,454

Goodwill and Other Identifiab34

Goodwill and Other Identifiable Intangible Assets (Changes in the Carrying Amount of Goodwill) (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2018USD ($)
Goodwill [Roll Forward]
Balance as of June 30, 2017	$ 200,881
Additions	101,198
Foreign currency translation adjustment	1,379
Balance as of March 31, 2018	303,458
Barcode, Networking & Security Segment [Member]
Goodwill [Roll Forward]
Balance as of June 30, 2017	36,260
Additions	101,198
Foreign currency translation adjustment	288
Balance as of March 31, 2018	137,746
Communications & Services Segment [Member]
Goodwill [Roll Forward]
Balance as of June 30, 2017	164,621
Additions	0
Foreign currency translation adjustment	1,091
Balance as of March 31, 2018	$ 165,712

Goodwill and Other Identifiab35

Goodwill and Other Identifiable Intangible Assets (Net Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Finite-lived Intangible Assets [Roll Forward]
Balance as of June 30, 2017			$ 101,513
Additions			57,000
Amortization expense	$ (5,103)	$ (4,217)	(15,600)	$ (11,537)
Foreign currency translation adjustment			813
Balance as of March 31, 2018	$ 143,726		$ 143,726
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life			4 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life			12 years

Short-Term Borrowings and Lon36

Short-Term Borrowings and Long-Term Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Debt Instrument [Line Items]
Current portion of long-term debt	$ 471	$ 0
Revolving credit facility	276,730	91,871
Long-term debt	4,957	5,429
Total debt	282,158	97,300
Industrial Development Revenue Bond [Member]
Debt Instrument [Line Items]
Current portion of long-term debt	471	0
Long-term debt	4,957	5,429
Multi-Currency Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 276,730	$ 91,871

Short-Term Borrowings and Lon37

Short-Term Borrowings and Long-Term Debt (Narrative) (Details) - USD ($)	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Aug. 08, 2017	Aug. 07, 2017	Jun. 30, 2017
Debt Instrument [Line Items]
Debt issuance costs, net	$ 1,400,000
Industrial Development Revenue Bond [Member]
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	0.85%
Maximum time period of interest (in years)	10 years
Put option, exercisable period limitation	180 days
Percentage of principal due on exercise of put option	100.00%
Long-term debt, percentage bearing variable interest	2.54%				1.93%
Multi-Currency Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity under credit facility			$ 400,000,000	$ 300,000,000
Debt issuance costs, gross			300,000
Line of credit facility, unused capacity, commitment fee percentage	0.30%
Percentage of capital stock or other equity interest pledged per credit agreement (up to)	65.00%
Average daily balance on revolving credit facility	$ 277,300,000	$ 131,200,000
Line of credit facility, remaining borrowing capacity	123,300,000				$ 208,100,000
Letters of credit outstanding	$ 0				$ 0
Multi-Currency Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.175%
Multi-Currency Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.35%
Multi-Currency Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	1.875%
Multi-Currency Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	1.00%
Multi-Currency Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	2.125%
Multi-Currency Revolving Credit Facility [Member] | Alternate Base Rate Loans [Member]
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	0.875%
Multi-Currency Revolving Credit Facility [Member] | Alternate Base Rate Loans [Member] | Minimum [Member]
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	0.00%
Multi-Currency Revolving Credit Facility [Member] | Alternate Base Rate Loans [Member] | Maximum [Member]
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	1.125%
Letter of Credit [Member]
Debt Instrument [Line Items]
Borrowing capacity under credit facility			50,000,000
Multi-Currency Revolving Credit Facility, Accordion Feature [Member]
Debt Instrument [Line Items]
Borrowing capacity under credit facility			200,000,000
Multi-Currency Revolving Credit Facility, Combined with Accordion Feature [Member]
Debt Instrument [Line Items]
Borrowing capacity under credit facility			$ 600,000,000

Derivatives and Hedging Activ38

Derivatives and Hedging Activities (Narrative) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2018	Jun. 30, 2017
Foreign Exchange Contract [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts outstanding	$ 86,300,000	$ 86,300,000	$ 67,100,000
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts outstanding	50,000,000	50,000,000
Ineffective portion of cash flow hedge	$ 0	$ 0

Derivatives and Hedging Activ39

Derivatives and Hedging Activities (Derivative Contracts and Changes in Underlying Value of the Foreign Currency Exposures) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Net foreign exchange derivative contract (gains) losses	$ 1,115	$ 735	$ 2,057	$ (225)
Net foreign currency transactional and re-measurement (gains) losses	(622)	(24)	(782)	1,856
Net foreign currency (gains) losses	$ 493	$ 711	$ 1,275	$ 1,631

Derivatives and Hedging Activ40

Derivatives and Hedging Activities (Schedule of Cash Flow Hedge Included in Accumulated Other Comprehensive Income (Loss), Net of Income Taxes) (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Net interest expense recognized as a result of interest rate swap	$ 28	$ 0	$ 174	$ 0
Unrealized gain (loss) in fair value of interest rate swap	725	0	1,136	0
Net increase (decrease) in accumulated other comprehensive income (loss)	753	0	1,310	0
Income tax effect	192	0	400	0
Net increase (decrease) in accumulated other comprehensive income (loss), net of tax	$ 561	$ 0	$ 910	$ 0

Derivatives and Hedging Activ41

Derivatives and Hedging Activities (Derivative Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Foreign Exchange Contract [Member] | Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative assets	$ 0	$ 0
Foreign Exchange Contract [Member] | Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative assets	209	35
Foreign Exchange Contract [Member] | Accrued Liabilities And Other Current Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative liabilities	0	0
Foreign Exchange Contract [Member] | Accrued Liabilities And Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative liabilities	112	131
Interest Rate Swap [Member]
Derivative assets	1,331	21
Interest Rate Swap [Member] | Other Noncurrent Assets [Member] | Designated as Hedging Instrument [Member]
Derivative assets	1,331	21
Interest Rate Swap [Member] | Other Noncurrent Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative assets	$ 0	$ 0

Fair Value of Financial Instr42

Fair Value of Financial Instruments (Schedule of Remaining Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Assets
Deferred compensation plan investments, current and non-current portion	$ 22,550	$ 21,439
Total assets at fair value	24,090	21,495
Liabilities
Deferred compensation plan investments, current and non-current portion	22,550	21,074
Liability for contingent consideration, current and non-current portion	101,778	114,036
Total liabilities at fair value	124,440	135,241
Quoted prices in active markets (Level 1) [Member]
Assets
Deferred compensation plan investments, current and non-current portion	22,550	21,439
Total assets at fair value	22,550	21,439
Liabilities
Deferred compensation plan investments, current and non-current portion	22,550	21,074
Liability for contingent consideration, current and non-current portion	0	0
Total liabilities at fair value	22,550	21,074
Significant other observable inputs (Level 2) [Member]
Assets
Deferred compensation plan investments, current and non-current portion	0	0
Total assets at fair value	1,540	56
Liabilities
Deferred compensation plan investments, current and non-current portion	0	0
Liability for contingent consideration, current and non-current portion	0	0
Total liabilities at fair value	112	131
Significant unobservable inputs (Level 3) [Member]
Assets
Deferred compensation plan investments, current and non-current portion	0	0
Total assets at fair value	0	0
Liabilities
Deferred compensation plan investments, current and non-current portion	0	0
Liability for contingent consideration, current and non-current portion	101,778	114,036
Total liabilities at fair value	101,778	114,036
Foreign Exchange Contract [Member]
Assets
Foreign Currency Contract, Asset, Fair Value Disclosure	209	35
Liabilities
Derivative instruments	112	131
Foreign Exchange Contract [Member] | Quoted prices in active markets (Level 1) [Member]
Assets
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Liabilities
Derivative instruments	0	0
Foreign Exchange Contract [Member] | Significant other observable inputs (Level 2) [Member]
Assets
Foreign Currency Contract, Asset, Fair Value Disclosure	209	35
Liabilities
Derivative instruments	112	131
Foreign Exchange Contract [Member] | Significant unobservable inputs (Level 3) [Member]
Assets
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Liabilities
Derivative instruments	0	0
Interest Rate Swap [Member]
Assets
Derivative instruments	1,331	21
Interest Rate Swap [Member] | Quoted prices in active markets (Level 1) [Member]
Assets
Derivative instruments	0	0
Interest Rate Swap [Member] | Significant other observable inputs (Level 2) [Member]
Assets
Derivative instruments	1,331	21
Interest Rate Swap [Member] | Significant unobservable inputs (Level 3) [Member]
Assets
Derivative instruments	$ 0	$ 0

Fair Value of Financial Instr43

Fair Value of Financial Instruments (Schedule of Changes in Fair Value of Contingent Considerations) (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	$ 97,031		$ 114,036
Issuance of contingent consideration	0		13,098
Payments	0		(54,025)
Change in fair value of contingent consideration	4,801		28,595
Foreign currency translation adjustment	(54)		74
Fair value at end of period	101,778		101,778
Barcode, Networking & Security Segment [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	0		0
Issuance of contingent consideration	0		13,098
Payments	0		(13,167)
Change in fair value of contingent consideration	0		69
Foreign currency translation adjustment	0		0
Fair value at end of period	0		0
Communications & Services Segment [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	97,031	$ 110,880	114,036	$ 24,652
Issuance of contingent consideration	0	0	0	95,000
Payments	0	0	(40,858)	(10,241)
Change in fair value of contingent consideration	4,801	1,960	28,526	3,921
Foreign currency translation adjustment	(54)	383	74	(109)
Fair value at end of period	$ 101,778	$ 113,223	$ 101,778	$ 113,223

Fair Value of Financial Instr44

Fair Value of Financial Instruments (Schedule of Valuation Techniques and Significant Observable Inputs) (Details)	9 Months Ended	12 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Weighted average cost of capital	15.90%	14.20%
Adjusted EBITDA growth rate	17.20%	17.00%

Fair Value of Financial Instr45

Fair Value of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Current portion of contingent consideration	$ 40,802		$ 40,802			$ 30,675
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) due to change in fair value of contingent consideration	(4,801)		(28,595)
Fair value of liability for contingent consideration	101,778		101,778		$ 97,031	114,036
Barcode, Networking & Security Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) due to change in fair value of contingent consideration	0		(69)
Fair value of liability for contingent consideration	0		0		0	0
Barcode, Networking & Security Segment [Member] | POS Portal [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) due to change in fair value of contingent consideration			(100)
Communications & Services Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) due to change in fair value of contingent consideration	(4,801)	$ (1,960)	(28,526)	$ (3,921)
Fair value of liability for contingent consideration	101,778	113,223	101,778	113,223	$ 97,031	$ 114,036	$ 110,880	$ 24,652
Communications & Services Segment [Member] | Intelisys [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) due to change in fair value of contingent consideration	(3,000)	(3,300)	(12,200)	(6,500)
Fair value of liability for contingent consideration	93,700	101,500	93,700	101,500
Current portion of contingent consideration	32,700	25,800	32,700	25,800
Contingent consideration arrangements, maximum range of outcome	115,600		115,600
Communications & Services Segment [Member] | Network1 [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) due to change in fair value of contingent consideration	(1,800)	1,300	(16,300)	1,500
Fair value of liability for contingent consideration	8,100	11,800	8,100	11,800
Current portion of contingent consideration		$ 5,500		5,500
Contingent consideration arrangements, maximum range of outcome	$ 8,700		$ 8,700
Communications & Services Segment [Member] | Imago [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) due to change in fair value of contingent consideration				$ 1,100

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Mar. 31, 2018segment
Segment Reporting, Measurement Disclosures [Abstract]
Number of reportable segments	2

Segment Information (Financial

Segment Information (Financial Information by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Sales	$ 895,637	$ 813,538	$ 2,852,408	$ 2,650,895
Depreciation and amortization	9,438	6,880	28,204	18,692
Change in fair value of contingent consideration	4,801	1,960	28,595	3,921
Operating income	17,941	19,978	47,880	66,128
Capital expenditures	2,011	3,185	5,307	6,445
Operating Segments [Member] | United States and Canada [Member]
Segment Reporting Information [Line Items]
Sales	660,139	619,590	2,118,963	2,016,561
Operating Segments [Member] | International [Member]
Segment Reporting Information [Line Items]
Sales	242,243	200,382	757,070	660,124
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	868	870	2,619	2,507
Operating income	0	0	(172)	(833)
Capital expenditures	189	1,098	1,037	1,890
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales	(6,745)	(6,434)	(23,625)	(25,790)
Barcode, Networking & Security Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales	604,322	548,971	1,944,436	1,770,015
Depreciation and amortization	4,830	1,828	13,413	5,183
Change in fair value of contingent consideration	0	0	69	0
Operating income	11,566	11,175	41,143	36,729
Capital expenditures	1,293	1,144	3,033	2,522
Communications & Services Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales	291,315	264,567	907,972	880,880
Depreciation and amortization	3,740	4,182	12,172	11,002
Change in fair value of contingent consideration	4,801	1,960	28,526	3,921
Operating income	6,375	8,803	6,909	30,232
Capital expenditures	$ 529	$ 943	$ 1,237	$ 2,033

Segment Information (Assets By

Segment Information (Assets By Segment) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Assets	$ 1,927,975	$ 1,718,303
Property and equipment, net by Geography Category	74,582	56,566
Operating Segments [Member] | United States and Canada [Member]
Segment Reporting Information [Line Items]
Property and equipment, net by Geography Category	70,378	51,853
Operating Segments [Member] | International [Member]
Segment Reporting Information [Line Items]
Property and equipment, net by Geography Category	4,204	4,713
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Assets	68,000	63,175
Barcode, Networking & Security Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	1,032,920	885,786
Communications & Services Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	$ 827,055	$ 769,342

Commitments and Contingencies49

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2018
Other Commitments [Line Items]
Actual cash expenditures	$ 2,011	$ 3,185	$ 5,307	$ 6,445
Scenario, Forecast [Member] | Minimum [Member]
Other Commitments [Line Items]
Actual cash expenditures					$ 6,000
Scenario, Forecast [Member] | Maximum [Member]
Other Commitments [Line Items]
Actual cash expenditures					$ 8,000
CDC
Other Commitments [Line Items]
Preacquisition contingency, amount of settlement	$ 2,300		$ 2,300

Commitments and Contingencies50

Commitments and Contingencies (Summary of Pre-Acquisition Contingencies) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
CDC [Member]
Assets
Prepaid expenses and other current assets	$ 0	$ 2,212
Other non-current assets	0	0
Liabilities
Accrued expenses and other current liabilities	0	2,212
Other long-term liabilities	0	0
Network1 [Member]
Assets
Prepaid expenses and other current assets	1,607	1,294
Other non-current assets	6,612	8,235
Liabilities
Accrued expenses and other current liabilities	1,607	1,294
Other long-term liabilities	$ 6,612	$ 8,235

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Taxes [Line Items]
Federal statutory income tax rate (percent)	31.40%			30.40%
Effective income tax rate	32.60%			46.90%
Transition tax on repatriation of foreign earnings		$ 9,300
Provisional income tax expense		5,800
Gross unrecognized tax benefits	$ 2,100			$ 2,100			$ 2,200
Unrecognized tax benefits that would impact effective tax rate if recognized	1,400			1,400
Income tax penalties and interest accrued	1,200			1,200			$ 1,100
Income (loss) before income taxes	15,792		$ 19,571	$ 42,883	$ 78,075
Minimum [Member]
Income Taxes [Line Items]
Open tax year				2,013
Internal Revenue Service (IRS) [Member]
Income Taxes [Line Items]
Provisional income tax expense (benefit) due to remeasurement of deferred tax liabilities		(3,500)
Administration of the Treasury, Belgium [Member]
Income Taxes [Line Items]
Provisional income tax expense (benefit) due to remeasurement of deferred tax liabilities		$ 900
Income (loss) before income taxes	$ (1,500)			$ (3,200)
Scenario, Forecast [Member]
Income Taxes [Line Items]
Federal statutory income tax rate (percent)						28.00%

Income Taxes (Summary of Discre

Income Taxes (Summary of Discrete Items on the Income Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Income Taxes [Line Items]
Income before income taxes	$ 15,792	$ 19,571	$ 42,883	$ 78,075
Federal statutory income tax rate (percent)	31.40%		30.40%
Accrued income tax expense, before discrete items	$ 4,963		$ 13,038
Discrete tax expense (benefit):
Transition tax on repatriation of foreign earnings	0		9,300
Other	180		390
Total net discrete tax expense	180		7,080
Provision for income taxes	$ 5,143	$ 7,147	$ 20,118	$ 27,799
Effective income tax rate	32.60%		46.90%
Income tax rate effect of discrete items	1.10%		16.50%
Income tax benefit due to change in rate	$ 1,300		$ 2,900
Internal Revenue Service (IRS) [Member]
Discrete tax expense (benefit):
Revaluation of deferred taxes	0		(3,510)
Administration of the Treasury, Belgium [Member]
Income Taxes [Line Items]
Income before income taxes	(1,500)		(3,200)
Discrete tax expense (benefit):
Revaluation of deferred taxes	$ 0		$ 900