ScanSource (SCSC) 10-Q 5 Feb 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2018	Feb. 01, 2019
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	Dec. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		25,702,342

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 22,749	$ 25,530
Accounts receivable, less allowance of $45,240 at December 31, 2018 and $45,561 at June 30, 2018	708,531	678,940
Inventories	704,444	595,948
Prepaid expenses and other current assets	59,785	61,744
Total current assets	1,495,509	1,362,162
Property and equipment, net	73,354	73,042
Goodwill	326,675	298,174
Identifiable intangible assets, net	129,020	136,806
Deferred income taxes	20,448	22,199
Other non-current assets	50,727	52,912
Total assets	2,095,733	1,945,295
Current liabilities:
Accounts payable	604,630	562,564
Accrued expenses and other current liabilities	89,444	90,873
Current portion of contingent consideration	39,729	42,975
Income taxes payable	2,421	13,348
Current portion of long-term debt	335	551
Total current liabilities	736,559	710,311
Deferred income taxes	1,958	1,769
Long-term debt	4,764	4,878
Borrowings under revolving credit facility	367,311	244,000
Long-term portion of contingent consideration	32,157	65,258
Other long-term liabilities	53,481	52,703
Total liabilities	1,196,230	1,078,919
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, 25,702,342 and 25,593,122 shares issued and outstanding at December 31, 2018 and June 30, 2018, respectively	70,912	68,220
Retained earnings	916,636	882,333
Accumulated other comprehensive income (loss)	(88,045)	(84,177)
Total shareholders’ equity	899,503	866,376
Total liabilities and shareholders’ equity	$ 2,095,733	$ 1,945,295

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Current assets:
Allowance for accounts receivable	$ 45,240	$ 45,561
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)	25,702,342	25,593,122
Common stock, shares outstanding (in shares)	25,702,342	25,593,122

Condensed Consolidated Income S

Condensed Consolidated Income Statements (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Net sales	$ 1,046,021	$ 1,032,212	$ 2,018,921	$ 1,956,771
Cost of goods sold	925,543	919,241	1,786,229	1,737,883
Gross profit	120,478	112,971	232,692	218,888
Selling, general and administrative expenses	80,950	74,763	158,880	147,950
Depreciation expense	3,272	3,467	6,538	6,707
Intangible amortization expense	4,700	5,487	9,703	10,498
Change in fair value of contingent consideration	1,850	6,913	6,434	23,794
Operating income	29,706	22,341	51,137	29,939
Interest expense	3,119	2,285	5,746	3,870
Interest income	(264)	(580)	(715)	(1,462)
Other expense, net	201	326	233	441
Income before income taxes	26,650	20,310	45,873	27,090
Provision for income taxes	6,668	12,341	11,570	14,974
Net income	$ 19,982	$ 7,969	$ 34,303	$ 12,116
Per share data:
Net income per common share, basic (in dollars per share)	$ 0.78	$ 0.31	$ 1.34	$ 0.48
Weighted-average shares outstanding, basic (in shares)	25,640	25,506	25,619	25,470
Net income per common share, diluted (in dollars per share)	$ 0.78	$ 0.31	$ 1.33	$ 0.47
Weighted-average shares outstanding, diluted (in shares)	25,750	25,648	25,752	25,612

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income	$ 19,982	$ 7,969	$ 34,303	$ 12,116
Unrealized (loss) gain on hedged transaction, net of tax	(615)	320	(469)	349
Foreign currency translation adjustment	1,362	(2,435)	(3,399)	7,450
Comprehensive income	$ 20,729	$ 5,854	$ 30,435	$ 19,915

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 34,303	$ 12,116
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	18,203	18,766
Amortization of debt issuance costs	168	158
Provision for doubtful accounts	2,187	5,331
Share-based compensation	2,907	3,233
Deferred income taxes	1,835	(1,540)
Change in fair value of contingent consideration	6,434	23,794
Contingent consideration paid in excess of acquisition fair value	(7,444)	(3,066)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(32,864)	(72,975)
Inventories	(110,909)	(37,749)
Prepaid expenses and other assets	2,960	(10,081)
Other non-current assets	1,849	(4,775)
Accounts payable	43,853	(11,524)
Accrued expenses and other liabilities	(3,993)	(5,654)
Income taxes payable	(11,259)	(3,283)
Net cash (used in) operating activities	(51,770)	(87,249)
Cash flows from investing activities:
Capital expenditures	(5,780)	(3,296)
Cash paid for business acquisitions, net of cash acquired	(32,183)	(143,768)
Net cash (used in) investing activities	(37,963)	(147,064)
Cash flows from financing activities:
Borrowings on revolving credit	1,126,333	1,279,193
Repayments on revolving credit	(1,003,022)	(1,015,672)
Debt issuance costs	0	(296)
Repayments on long-term debt	(331)	0
Repayments on capital lease obligation	(330)	(281)
Contingent consideration payments	(35,616)	(50,959)
Exercise and issuance of equity awards	1,509	2,126
Taxes paid on settlement of equity awards	(1,404)	(1,616)
Repurchase of common stock	(308)	0
Net cash provided by financing activities	86,831	212,495
Effect of exchange rate changes on cash and cash equivalents	121	1,159
Decrease in cash and cash equivalents	(2,781)	(20,659)
Cash and cash equivalents at beginning of period	25,530	56,094
Cash and cash equivalents at end of period	$ 22,749	$ 35,435

Business and Summary of Signifi

Business and Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Business and Summary of Significant Accounting Policies	Business and Summary of Significant Accounting Policies Business Description ScanSource, Inc. (together with its subsidiaries referred to as “the Company” or “ScanSource”) is at the center of the solution delivery channel, connecting businesses and institutions, and providing technology solutions. The Company brings technology solutions and services from the world’s leading suppliers of point-of-sale (POS), payments, barcode, physical security, unified communications and collaboration, and telecom and cloud services to market. The Company operates in the United States, Canada, Latin America and Europe. The Company's two operating segments, Worldwide Barcode, Networking & Security and Worldwide Communications & Services, are based on product, customer and service type. 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 December 31, 2018 and June 30, 2018 , the results of operations for the quarters and six months ended December 31, 2018 and 2017 , the statements of comprehensive income for the quarters and six months ended December 31, 2018 and 2017 and the statements of cash flows for the six months ended December 31, 2018 and 2017 . The results of operations for the quarters and six months ended December 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, 2018 . Summary of Significant Accounting Policies Except as described below, there have been no material changes to the Company’s significant accounting policies for the six months ended December 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, 2018 . 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, 2018 . 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 $5.3 million and $5.7 million are included in accounts payable as of December 31, 2018 and June 30, 2018 , 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 $3.3 million and $6.5 million for the quarter and six months ended December 31, 2018 , respectively, and $3.5 million and $6.7 million for the quarter and six months ended December 31, 2017 , respectively. Depreciation expense reported as part of cost of goods sold on the Condensed Consolidated Income Statements totaled $1.0 million and $2.0 million for the quarter and six months ended December 31, 2018 , respectively, and $0.9 million and $1.6 million for the quarter and six months ended December 31, 2017 , 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 $4.7 million and $9.7 million for the quarter and six months ended December 31, 2018 , respectively, and $5.5 million and $10.5 million for the quarter and six months ended December 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 Company adopted the standard on July 1, 2018 using the full retrospective method. The adoption of this standard had no material impact on the Company's consolidated financial statements. See Note 2 Revenue Recognition for additional information. 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 in a manner similar to current guidance. 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 can be adopted using a modified retrospective approach or a cumulative-effect adjustment to the opening balance sheet of retained earnings in the period of adoption for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company has established a lease implementation team and is in the process of reviewing leases to determine an implementation approach. Currently, the Company is evaluating the impact on its consolidated financial statements upon the adoption of this new guidance. 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 Company adopted the standard for the fiscal year beginning July 1, 2018 using the retrospective transition method. For fiscal year 2018, the Company classified the amount of the Network1 earnout payment paid in the six months that was in excess of the originally anticipated liability at the acquisition date as an operating cash outflow. For fiscal year 2019, the Company classified the amounts of the Intelisys and Network1 earnout payments in excess as an operating cash outflow. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815) that amends and simplifies guidance related to hedge accounting to more accurately portray the economics of an entity’s risk management activities in its financial statements. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted in any interim or annual period. This guidance will be applicable to the Company for the fiscal year beginning July 1, 2019. The guidance requires adoption using a modified retrospective approach. The presentation and disclosure requirements apply prospectively. The Company is currently evaluating the impact on its consolidated financial statements upon the adoption of this new guidance. In August 2018, the FASB issued ASU 2018-13 , Fair Value Measurement (Topic 820) Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . The pronouncement eliminates, modifies and adds disclosure requirements for fair value measurements. This guidance is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years, with early adoption permitted. This guidance is applicable to the Company’s fiscal year beginning July 1, 2020. The Company is currently evaluating the potential impact of this guidance on its consolidated financial statements. In August 2018, the SEC adopted a final rule that amends certain of its disclosure requirements "that have become redundant, duplicative, overlapping, outdated or superseded in light of changes in SEC requirements, U.S. GAAP or changes in the information environment." The rule requires registrants to include in the interim financial reporting an analysis of changes in stockholders' equity for the current and comparative year-to-date interim periods. The final rule was effective on November 5, 2018 with registrants required to provide interim reporting in the first period beginning after the effective date. The Company will provide an interim analysis of changes in stockholders' equity for the quarter ending March 31, 2019. 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. Reclassifications Certain reclassifications have been made on the Consolidated Statements of Cash Flows to classify contingent consideration payments made in excess of the original contingent liability as an operating activity in accordance with ASU 2016-15. These reclassifications had no effect on consolidated financial results.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company provides technology solutions and services from the world's leading suppliers of POS, payments, barcode, physical security, unified communications and collaboration, and telecom and cloud services. This includes hardware, related accessories, device configuration as well as software licenses, professional services and hardware support programs. The Company adopted ASC 606 effective July 1, 2018 utilizing the full retrospective method. In determining the appropriate amount of revenue to recognize, the Company applies the following five-step model: (i) identify contracts with customers; (ii) identify performance obligations in the contracts; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations per the contracts; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company recognizes revenue as control of products and services are transferred to customers, which is generally at the point of shipment. The Company delivers products to customers in several ways, including: (i) shipment from the Company's warehouse, (ii) drop-shipment directly from the supplier, or (iii) electronic delivery for software licenses. Significant Judgments: Principal versus Agent Considerations The Company is the principal for sales of all hardware, software and certain services, including self-branded warranty programs. The Company considers itself the principal in these transactions as it has control of the product or service before it is transferred to the customer. When the Company provides self-branded warranty programs, it engages a third party, generally the original equipment manufacturer, to cover the fulfillment of any obligations arising from these contracts. These revenues and associated third-party costs are amortized over the life of the contract on a straight-line basis. The Company recognizes the previously described revenue and cost of goods sold on a gross basis. The Company is the agent for third-party service contracts, including product warranties and supplier-hosted software. These service contracts are sold separately from the products, and the Company often serves as the agent for the contract on behalf of the original equipment manufacturer. The Company's responsibility is to arrange for the provision of the specified service by the original equipment manufacturer and the Company does not control the specified service before it is transferred to the customer. Because the Company acts as an agent, revenue is recognized net of cost at the time of sale. Related to the Company’s Intelisys business, the Company acts as a master agent partnering suppliers with sales agents to provide telecom and cloud services to end customers. Commission revenue received from the supplier is recognized net of cost associated with commissions the Company pays to sales agents at the time of sale. Variable Considerations For certain transactions, products are sold with a right of return and may also provide other rebates or incentives, which are accounted for as variable consideration. The Company estimates the amount of variable consideration by using the expected value or the most likely amount to be given to the customer and reduces the revenue by those estimated amounts. These estimates are reviewed and updated as necessary at the end of each reporting period. Contract Balances The Company records contract assets and liabilities for payments received from customers in advance of services performed. These assets and liabilities are the result of the sales of the Company's self-branded warranty programs and other transactions where control has not yet passed to the customer. These amounts are immaterial to the consolidated financial statements for the periods presented. Practical Expedients & Accounting Policy Elections • Incremental costs of obtaining a contract - These costs are included in selling, general and administrative expenses as the amortization period is generally one year or less. The Company expenses costs associated with obtaining and fulfilling contracts as incurred. • Shipping costs - The Company accounts for certain shipping and handling activities as fulfillment costs and expenses them as incurred. • Significant financing components - The Company has elected not to adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will generally be one year or less. • Sales tax and other related taxes - Sales and other tax amounts collected from customers for remittance to governmental authorities are excluded from revenue. Disaggregation of Revenue The following tables represents the Company's disaggregation of revenue: Quarter ended December 31, 2018 (in thousands) Worldwide Barcode, Networking & Security Segment Worldwide Communications & Services Segment Total Revenue by product/service: Technology solutions $ 701,639 $ 330,827 $ 1,032,466 Master agency and professional services — 13,555 13,555 $ 701,639 $ 344,382 $ 1,046,021 Six months ended December 31, 2018 (in thousands) Worldwide Barcode, Networking & Security Segment Worldwide Communications & Services Segment Total Revenue by product/service: Technology solutions $ 1,356,752 $ 635,602 $ 1,992,354 Master agency and professional services — 26,567 26,567 $ 1,356,752 $ 662,169 $ 2,018,921 Quarter ended December 31, 2017 (in thousands) Worldwide Barcode, Networking & Security Segment Worldwide Communications & Services Segment Total Revenue by product/service: Technology solutions $ 719,786 $ 302,072 $ 1,021,858 Master agency and professional services — 10,354 10,354 $ 719,786 $ 312,426 $ 1,032,212 Six months ended December 31, 2017 (in thousands) Worldwide Barcode, Networking & Security Segment Worldwide Communications & Services Segment Total Revenue by product/service: Technology solutions $ 1,340,114 $ 596,553 $ 1,936,667 Master agency and professional services — 20,104 20,104 $ 1,340,114 $ 616,657 $ 1,956,771

Earnings Per Share

Earnings Per Share	6 Months Ended
	Dec. 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 Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands, except per share data) Numerator: Net income $ 19,982 $ 7,969 $ 34,303 $ 12,116 Denominator: Weighted-average shares, basic 25,640 25,506 25,619 25,470 Dilutive effect of share-based payments 110 142 133 142 Weighted-average shares, diluted 25,750 25,648 25,752 25,612 Net income per common share, basic $ 0.78 $ 0.31 $ 1.34 $ 0.48 Net income per common share, diluted $ 0.78 $ 0.31 $ 1.33 $ 0.47 For the quarter and six months ended December 31, 2018 , weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 573,475 and 433,993 , respectively. For the quarter and six months ended December 31, 2017 , there were 405,159 and 432,846 , 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)	6 Months Ended
	Dec. 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: December 31, 2018 June 30, 2018 (in thousands) Foreign currency translation adjustment $ (88,678 ) $ (85,279 ) Unrealized gain (loss) on hedged transaction, net of tax 633 1,102 Accumulated other comprehensive income (loss) $ (88,045 ) $ (84,177 ) The tax effect of amounts in comprehensive income (loss) reflect a tax expense or benefit as follows: Quarter ended December 31, Six months ended December 31, 2018 2017 2018 2017 (in thousands) Tax expense (benefit) $ (141 ) $ 75 $ (598 ) $ 379

Acquisitions

Acquisitions	6 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions RPM, Canpango and Intelisys Global During the quarter ended December 31, 2018 , the Company acquired the assets of RPM Software ("RPM"), a business process software developer with focus in the telecom channel business for calculating and paying agency commissions in an automated cloud-based system. During the quarter ended September 30, 2018, Company completed the acquisition of Canpango, a global Salesforce implementation and consulting business with deep knowledge of customer relationship management (CRM) and integration with telecom systems. Intelisys Global was also acquired during the quarter ended September 30, 2018. The total combined purchase price for all companies, net of cash acquired, was approximately $32.2 million . The impact of these acquisitions was not material to the consolidated financial statements. The allocation of the purchase price to the assets and liabilities acquired, including the valuation of the identifiable intangible assets, has not been concluded as of the reporting date. 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. As of December 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 quarter ended December 31, 2017. 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 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.

Goodwill and Other Identifiable

Goodwill and Other Identifiable Intangible Assets	6 Months Ended
	Dec. 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 six months ended December 31, 2018 , by reporting segment, are set forth in the table below. Additions to goodwill for the current year are due to recent acquisitions. Barcode, Networking & Security Segment Communications & Services Segment Total (in thousands) Balance as of June 30, 2018 $ 137,214 $ 160,960 $ 298,174 Additions — 29,160 29,160 Foreign currency translation adjustment (147 ) (512 ) (659 ) Balance as of December 31, 2018 $ 137,067 $ 189,608 $ 326,675 The following table shows changes in the amount recognized for net identifiable intangible assets for the six months ended December 31, 2018 . Net Identifiable Intangible Assets (in thousands) Balance as of June 30, 2018 $ 136,806 Additions 2,250 Amortization expense (9,703 ) Foreign currency translation adjustment (333 ) Balance as of December 31, 2018 $ 129,020 The Company acquired customer relationships, trade names and non-compete agreements related to the Canpango acquisition. The allocation of the purchase price to the assets and liabilities acquired for the RPM acquisition, including the valuation of the identifiable intangible assets, has not been concluded as of the reporting date.

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt	6 Months Ended
	Dec. 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 December 31, 2018 and June 30, 2018 . December 31, 2018 June 30, 2018 (in thousands) Current portion of long-term debt $ 335 $ 551 Long-term debt, net of current portion 4,764 4,878 Borrowings under revolving credit facility 367,311 244,000 Total debt $ 372,410 $ 249,429 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”). On April 3, 2017, the Company amended this credit facility to extend its maturity to 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 $0.9 million and $0.3 million in connection with the amendments to the Amended Credit Agreement on April 3, 2017 and August 8, 2017 , respectively. These costs were capitalized to other assets on the Condensed Consolidated Balance Sheets and added to the unamortized debt issuance costs from the previous credit facility. 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 December 31, 2018 , the spread in effect was 1.625% for LIBOR-based loans and 0.625% for alternate base rate loans. The commitment fee rate in effect as of December 31, 2018 was 0.25% . The Company was in compliance with all covenants under the credit facility as of December 31, 2018 . The average daily outstanding balance during the six month periods ended December 31, 2018 and 2017 was $296.1 million and $261.8 million , respectively. There was $32.8 million and $156.0 million available for additional borrowings as of December 31, 2018 and June 30, 2018 , respectively. There were no letters of credit issued under the multi-currency revolving credit facility as of December 31, 2018 and June 30, 2018 . 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 December 31, 2018 , the Company was in compliance with all covenants under this bond. The interest rate at December 31, 2018 and June 30, 2018 was 3.229% and 2.855% , respectively. Debt Issuance Costs As of December 31, 2018 , net debt issuance costs associated with the credit facility and bond totaled $1.1 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	6 Months Ended
	Dec. 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, Peruvian nuevo sol and South African rand. 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 $91.8 million and $74.6 million for the exchange of foreign currencies as of December 31, 2018 and June 30, 2018 , 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 Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands) Net foreign exchange derivative contract (gains) losses $ (964 ) $ 121 $ (948 ) $ 942 Net foreign currency transactional and re-measurement (gains) losses 1,384 473 1,465 (160 ) Net foreign currency (gains) losses $ 420 $ 594 $ 517 $ 782 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 six months ended December 31, 2018 and 2017 . 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 Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands) Net interest (income) expense recognized as a result of interest rate swap $ (57 ) $ 64 $ (83 ) $ 133 Unrealized gain (loss) in fair value of interest rate swap (751 ) 447 (533 ) 424 Net increase (decrease) in accumulated other comprehensive income (loss) $ (808 ) $ 511 $ (616 ) $ 557 Income tax effect (193 ) 191 (147 ) 208 Net increase (decrease) in accumulated other comprehensive income (loss), net of tax $ (615 ) $ 320 $ (469 ) $ 349 The Company used the following derivative instruments as of December 31, 2018 and June 30, 2018 , reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above: December 31, 2018 June 30, 2018 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 $ — $ 190 $ — $ 157 Interest rate swap agreement Other non-current assets $ 988 $ — $ 1,604 $ — Derivative liabilities: Foreign exchange contracts Accrued expenses and other current liabilities $ — $ 300 $ — $ 156

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Dec. 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 December 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 $ 23,057 $ 23,057 $ — $ — Forward foreign currency exchange contracts 190 — 190 — Interest rate swap agreement 988 — 988 — Total assets at fair value $ 24,235 $ 23,057 $ 1,178 $ — Liabilities: Deferred compensation plan investments, current and non-current portion $ 23,056 $ 23,056 $ — $ — Forward foreign currency exchange contracts 300 — 300 — Liability for contingent consideration, current and non-current portion 71,886 — — 71,886 Total liabilities at fair value $ 95,242 $ 23,056 $ 300 $ 71,886 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, 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 $ 23,352 $ 23,352 $ — $ — Forward foreign currency exchange contracts 157 — 157 — Interest rate swap agreement 1,604 — 1,604 — Total assets at fair value $ 25,113 $ 23,352 $ 1,761 $ — Liabilities: Deferred compensation plan investments, current and non-current portion $ 23,352 $ 23,352 $ — $ — Forward foreign currency exchange contracts 156 — 156 — Liability for contingent consideration, current and non-current portion 108,233 — — 108,233 Total liabilities at fair value $ 131,741 $ 23,352 $ 156 $ 108,233 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 8 - 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 Network1 was paid in full during the quarter ended December 31, 2018. The contingent consideration for 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 4 - Accumulated Other Comprehensive Income (Loss) . POS Portal is part of the Company's Worldwide Barcode, Networking & Security Segment. Network1 and Intelisys are part of the Company's Worldwide Communications & 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 and Intelisys earnouts for the quarter and six months ended December 31, 2018 . Contingent consideration for the quarter ended Contingent consideration for the six months ended December 31, 2018 December 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 $ — $ 80,173 $ 80,173 $ — $ 108,233 $ 108,233 Issuance of contingent consideration — — — — — — Payments — (10,813 ) (10,813 ) — (43,060 ) (43,060 ) Change in fair value of contingent consideration — 1,850 1,850 — 6,434 6,434 Foreign currency translation adjustment — 676 676 — 279 279 Fair value at end of period $ — $ 71,886 $ 71,886 $ — $ 71,886 $ 71,886 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 six months ended December 31, 2017 . Contingent consideration for the quarter ended Contingent consideration for the six months ended December 31, 2017 December 31, 2017 Barcode, Networking & Security Segment Communications & Services Segment Total Barcode, Networking & Security Segment Communications & Services Segment Total (in thousands) Fair value at beginning of period $ 13,167 $ 90,326 $ 103,493 $ — $ 114,036 $ 114,036 Issuance of contingent consideration — — — 13,098 — 13,098 Payments (13,167 ) — (13,167 ) (13,167 ) (40,858 ) (54,025 ) Change in fair value of contingent consideration — 6,913 6,913 69 23,725 23,794 Foreign currency translation adjustment — (208 ) (208 ) — 128 128 Fair value at end of period $ — $ 97,031 $ 97,031 $ — $ 97,031 $ 97,031 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 December 31, 2018 and June 30, 2018 were as follows. Reporting Period Valuation Technique Significant Unobservable Inputs Weighted Average Rates December 31, 2018 Discounted cash flow Weighted average cost of capital 15.1 % Adjusted EBITDA growth rate 15.2 % June 30, 2018 Discounted cash flow Weighted average cost of capital 14.8 % Adjusted EBITDA growth rate 18.2 % The weighted average cost of capital ("WACC") as of June 30, 2018 has been adjusted to exclude Network1 as the earnout period ended as of June 30, 2018. 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. For the quarter ended December 31, 2017 , 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 December 31, 2018 was $71.9 million , of which $39.7 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 $1.9 million and $6.4 million for the quarter and six months ended December 31, 2018 . The change in fair value for the quarter is primarily driven by the recurring amortization of the unrecognized fair value discount offset by lower than projected actual results. Although there is no contractual limit, total future undiscounted contingent consideration payments are anticipated to range up to $85.1 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 December 31, 2017 was $90.7 million , of which $32.3 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 $5.1 million and $9.2 million for the quarter and six months ended December 31, 2017 , respectively. The change for the quarter and six months period are primarily driven by the recurring amortization of the unrecognized fair value discount and an adjustment to the probability weights in the discounted cash flow model. Network1 A payment to the former shareholders of Network1 was paid during the quarter ended December 31, 2018 . There was minimal change in the fair value of the contingent consideration for the quarter and six months ended December 31, 2018 recognized in the Condensed Consolidated Income Statements. The discounted fair value of the liability for the contingent consideration related to Network1 recognized at December 31, 2017 was $6.3 million , all of which is classified as current. For the quarter and six months ended December 31, 2017 , the change in fair value of the contingent consideration recognized in the Condensed Consolidated Income Statements contributed a loss of $1.8 million and $14.5 million , respectively. The change in fair value for the quarter is primarily due to improved actual results. The change in fair value for the six 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 second quarter. 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.

Segment Information

Segment Information	6 Months Ended
	Dec. 31, 2018
Segment Reporting, Measurement Disclosures [Abstract]
Segment Information	Segment Information The Company is a leading global provider of technology solutions and services 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 includes a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, POS, payments, networking, electronic physical security, cyber security and other technologies. We have business operations within this segment in North America, Latin America and Europe. We see adjacencies among these technologies in helping our customers develop solutions. Data capture 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 includes a portfolio of solutions primarily for communications technologies and services. We have business operations within this segment in North America, Latin America and Europe. The offerings include voice, video conferencing, wireless, data networking, cable, unified communications and collaboration and cloud and technology services. 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. Selected financial information for each business segment is presented below: Quarter ended Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands) Sales: Worldwide Barcode, Networking & Security $ 701,639 $ 719,786 $ 1,356,752 $ 1,340,114 Worldwide Communications & Services 344,382 312,426 662,169 616,657 $ 1,046,021 $ 1,032,212 $ 2,018,921 $ 1,956,771 Depreciation and amortization: Worldwide Barcode, Networking & Security $ 4,283 $ 4,843 $ 9,016 $ 8,584 Worldwide Communications & Services 3,783 4,173 7,397 8,431 Corporate 869 885 1,790 1,751 $ 8,935 $ 9,901 $ 18,203 $ 18,766 Change in fair value of contingent consideration: Worldwide Barcode, Networking & Security $ — $ — $ — $ 69 Worldwide Communications & Services 1,850 $ 6,913 $ 6,434 $ 23,725 $ 1,850 $ 6,913 $ 6,434 $ 23,794 Operating income (loss): Worldwide Barcode, Networking & Security $ 18,581 $ 15,542 $ 32,112 $ 29,578 Worldwide Communications & Services 11,539 6,799 19,794 533 Corporate (414 ) — (769 ) (172 ) $ 29,706 $ 22,341 $ 51,137 $ 29,939 Capital expenditures: Worldwide Barcode, Networking & Security $ 2,784 $ 919 $ 3,740 $ 1,740 Worldwide Communications & Services 2,006 367 2,036 708 Corporate — 699 4 848 $ 4,790 $ 1,985 $ 5,780 $ 3,296 Sales by Geography Category: United States and Canada $ 786,689 $ 764,445 $ 1,532,651 $ 1,458,824 International (1) 266,570 276,918 501,513 514,827 Less intercompany sales (7,238 ) (9,151 ) (15,243 ) (16,880 ) $ 1,046,021 $ 1,032,212 $ 2,018,921 $ 1,956,771 (1) For the quarters and six months ended December 31, 2018 and 2017, no sales exceeded 10% of consolidated net sales to any single international country. December 31, 2018 June 30, 2018 (in thousands) Assets: Worldwide Barcode, Networking & Security $ 1,113,474 $ 1,062,143 Worldwide Communications & Services 954,554 841,490 Corporate 27,705 41,662 $ 2,095,733 $ 1,945,295 Property and equipment, net by Geography Category: United States and Canada $ 69,811 $ 69,032 International 3,543 4,010 $ 73,354 $ 73,042

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 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 $10 million to $15 million for fiscal year 2019, primarily for information technology investments. During the Company's due diligence for the Network1 acquisition, several pre-acquisition contingencies were identified regarding various Brazilian federal and state tax exposures. The Company recorded indemnification receivables that are reported gross of the pre-acquisition contingency liabilities as the funds were escrowed as part of the acquisition. The amount available after the impact of foreign currency translation, as of December 31, 2018 and June 30, 2018 , was $17.9 million and $24.1 million . The table below summarizes the balances and line item presentation of Network1's pre-acquisition contingencies and corresponding indemnification receivables in the Company's Condensed Consolidated Balance Sheets as of December 31, 2018 and June 30, 2018 : December 31, 2018 June 30, 2018 Network1 (in thousands) Assets Prepaid expenses and other current assets $ 531 $ 1,385 Other non-current assets $ 5,161 $ 5,700 Liabilities Accrued expenses and other current liabilities $ 531 $ 1,385 Other long-term liabilities $ 5,161 $ 5,700

Income Taxes

Income Taxes	6 Months Ended
	Dec. 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 modified territorial tax system. Since the Company has a June 30th fiscal year-end, the lower tax rate resulted in a blended U.S. statutory federal rate of approximately 28% for the fiscal year ending June 30, 2018. The U.S. statutory federal rate is 21% for the year ending June 30, 2019 and 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 six months ended December 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. During the quarter ending December 31, 2018 , the Company recognized a discrete tax benefit of $0.2 million related to the completion of the accounting for the Tax Act. The Company’s effective tax rate of 25.2% for the six months ended December 31, 2018 differs from the current federal statutory rate of 21% primarily as a result of income derived from tax jurisdictions with varying income tax rates, nondeductible expenses and state income taxes. In response to the Tax Act, the Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) that provides guidance on accounting for the impact of the Tax Act. SAB 118 allows companies to record provisional amounts to the extent reasonably estimable and adjust them over time as more information becomes available, not to extend beyond the measurement period of one year from the enactment of the Tax Act. The Company recorded provisional amounts for the one-time transition tax on the deemed repatriation of undistributed foreign earnings and the remeasurement of deferred tax assets and liabilities during the quarter ending December 31, 2017. The Company has completed its analysis within the permitted measurement period under the guidance of SAB 118 and any adjustment to income tax expense. Included within tax expense for the December 31, 2018 reporting period is a measurement period adjustment for the one-time transition tax liability. The final impact from the enactment of the Tax Act differed from the provisional amount provided as a result of additional analysis, changes in interpretation and assumptions, as well as additional regulatory guidance that was issued. The Tax Act includes a mandatory deemed repatriation of all undistributed foreign earnings that are subject to a U.S. income tax as part of the transition. For the fiscal year ended June 30, 2018, the Company recognized provisional income tax expense of $9.6 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 completed its analysis for this item within the permitted measurement period under the guidance of SAB 118 and determined that the provisional amount should be adjusted to the final amount of $9.4 million . As a result, a discrete tax benefit for $0.2 million was recorded during the quarter ended December 31, 2018 . The Company will continue to distribute the earnings of its Canadian subsidiary, but earnings from all other geographies will continue to be considered retained indefinitely for reinvestment. It has been the practice of the Company to reinvest those earnings in the business outside the United States. Apart from the one-time transition tax, any incremental deferred income taxes on the unremitted foreign earnings are not expected to be material. 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 fiscal year ended June 30, 2018 , the Company recognized a provisional discrete income tax benefit of $1.6 million for the remeasurement of the Company’s net deferred tax asset and liability balances. The Company completed its analysis for this item within the permitted measurement period under the guidance of SAB 118 and determined that the provisional amount should not be adjusted. The Tax Act created a provision known as global intangible low-tax income ("GILTI") that imposes a tax on certain earnings of foreign subsidiaries. The GILTI tax became effective for the Company during fiscal year 2019 and an accounting policy election was made to treat the tax as a current period expense. The Company had approximately $1.5 million and $2.1 million of total gross unrecognized tax benefits as of December 31, 2018 and June 30, 2018 , respectively. Of this total at December 31, 2018 , approximately $1.2 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 December 31, 2018 and June 30, 2018 , the Company had approximately $1.2 million accrued for interest and penalties, respectively. Financial results in Belgium for the quarter and six months ended December 31, 2018 produced a pre-tax income of approximately $2.7 million and $1.8 million , respectively. Belgium had pre-tax losses in the prior year. To the extent the Belgium business does not maintain profitability as expected, this could affect the valuation of certain deferred tax assets. However, in the judgment of management it is more likely than not that the deferred tax asset will be realized. 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 $1.0 million as a discrete event during the year ended June 30, 2018 .

Business and Summary of Signi_2

Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 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 December 31, 2018 and June 30, 2018 , the results of operations for the quarters and six months ended December 31, 2018 and 2017 , the statements of comprehensive income for the quarters and six months ended December 31, 2018 and 2017 and the statements of cash flows for the six months ended December 31, 2018 and 2017 . The results of operations for the quarters and six months ended December 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, 2018 .
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 six months ended December 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, 2018 . 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, 2018 .
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 $3.3 million and $6.5 million for the quarter and six months ended December 31, 2018 , respectively, and $3.5 million and $6.7 million for the quarter and six months ended December 31, 2017 , respectively. Depreciation expense reported as part of cost of goods sold on the Condensed Consolidated Income Statements totaled $1.0 million and $2.0 million for the quarter and six months ended December 31, 2018 , respectively, and $0.9 million and $1.6 million for the quarter and six months ended December 31, 2017 , 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 Company adopted the standard on July 1, 2018 using the full retrospective method. The adoption of this standard had no material impact on the Company's consolidated financial statements. See Note 2 Revenue Recognition for additional information. 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 in a manner similar to current guidance. 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 can be adopted using a modified retrospective approach or a cumulative-effect adjustment to the opening balance sheet of retained earnings in the period of adoption for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company has established a lease implementation team and is in the process of reviewing leases to determine an implementation approach. Currently, the Company is evaluating the impact on its consolidated financial statements upon the adoption of this new guidance. 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 Company adopted the standard for the fiscal year beginning July 1, 2018 using the retrospective transition method. For fiscal year 2018, the Company classified the amount of the Network1 earnout payment paid in the six months that was in excess of the originally anticipated liability at the acquisition date as an operating cash outflow. For fiscal year 2019, the Company classified the amounts of the Intelisys and Network1 earnout payments in excess as an operating cash outflow. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815) that amends and simplifies guidance related to hedge accounting to more accurately portray the economics of an entity’s risk management activities in its financial statements. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted in any interim or annual period. This guidance will be applicable to the Company for the fiscal year beginning July 1, 2019. The guidance requires adoption using a modified retrospective approach. The presentation and disclosure requirements apply prospectively. The Company is currently evaluating the impact on its consolidated financial statements upon the adoption of this new guidance. In August 2018, the FASB issued ASU 2018-13 , Fair Value Measurement (Topic 820) Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . The pronouncement eliminates, modifies and adds disclosure requirements for fair value measurements. This guidance is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years, with early adoption permitted. This guidance is applicable to the Company’s fiscal year beginning July 1, 2020. The Company is currently evaluating the potential impact of this guidance on its consolidated financial statements. In August 2018, the SEC adopted a final rule that amends certain of its disclosure requirements "that have become redundant, duplicative, overlapping, outdated or superseded in light of changes in SEC requirements, U.S. GAAP or changes in the information environment." The rule requires registrants to include in the interim financial reporting an analysis of changes in stockholders' equity for the current and comparative year-to-date interim periods. The final rule was effective on November 5, 2018 with registrants required to provide interim reporting in the first period beginning after the effective date. The Company will provide an interim analysis of changes in stockholders' equity for the quarter ending March 31, 2019. 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.
Reclassifications	Reclassifications Certain reclassifications have been made on the Consolidated Statements of Cash Flows to classify contingent consideration payments made in excess of the original contingent liability as an operating activity in accordance with ASU 2016-15. These reclassifications had no effect on consolidated financial results.
Revenue Recognition	The Company provides technology solutions and services from the world's leading suppliers of POS, payments, barcode, physical security, unified communications and collaboration, and telecom and cloud services. This includes hardware, related accessories, device configuration as well as software licenses, professional services and hardware support programs. The Company adopted ASC 606 effective July 1, 2018 utilizing the full retrospective method. In determining the appropriate amount of revenue to recognize, the Company applies the following five-step model: (i) identify contracts with customers; (ii) identify performance obligations in the contracts; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations per the contracts; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company recognizes revenue as control of products and services are transferred to customers, which is generally at the point of shipment. The Company delivers products to customers in several ways, including: (i) shipment from the Company's warehouse, (ii) drop-shipment directly from the supplier, or (iii) electronic delivery for software licenses. Significant Judgments: Principal versus Agent Considerations The Company is the principal for sales of all hardware, software and certain services, including self-branded warranty programs. The Company considers itself the principal in these transactions as it has control of the product or service before it is transferred to the customer. When the Company provides self-branded warranty programs, it engages a third party, generally the original equipment manufacturer, to cover the fulfillment of any obligations arising from these contracts. These revenues and associated third-party costs are amortized over the life of the contract on a straight-line basis. The Company recognizes the previously described revenue and cost of goods sold on a gross basis. The Company is the agent for third-party service contracts, including product warranties and supplier-hosted software. These service contracts are sold separately from the products, and the Company often serves as the agent for the contract on behalf of the original equipment manufacturer. The Company's responsibility is to arrange for the provision of the specified service by the original equipment manufacturer and the Company does not control the specified service before it is transferred to the customer. Because the Company acts as an agent, revenue is recognized net of cost at the time of sale. Related to the Company’s Intelisys business, the Company acts as a master agent partnering suppliers with sales agents to provide telecom and cloud services to end customers. Commission revenue received from the supplier is recognized net of cost associated with commissions the Company pays to sales agents at the time of sale. Variable Considerations For certain transactions, products are sold with a right of return and may also provide other rebates or incentives, which are accounted for as variable consideration. The Company estimates the amount of variable consideration by using the expected value or the most likely amount to be given to the customer and reduces the revenue by those estimated amounts. These estimates are reviewed and updated as necessary at the end of each reporting period. Contract Balances The Company records contract assets and liabilities for payments received from customers in advance of services performed. These assets and liabilities are the result of the sales of the Company's self-branded warranty programs and other transactions where control has not yet passed to the customer. These amounts are immaterial to the consolidated financial statements for the periods presented. Practical Expedients & Accounting Policy Elections • Incremental costs of obtaining a contract - These costs are included in selling, general and administrative expenses as the amortization period is generally one year or less. The Company expenses costs associated with obtaining and fulfilling contracts as incurred. • Shipping costs - The Company accounts for certain shipping and handling activities as fulfillment costs and expenses them as incurred. • Significant financing components - The Company has elected not to adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will generally be one year or less. • Sales tax and other related taxes - Sales and other tax amounts collected from customers for remittance to governmental authorities are excluded from revenue.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables represents the Company's disaggregation of revenue: Quarter ended December 31, 2018 (in thousands) Worldwide Barcode, Networking & Security Segment Worldwide Communications & Services Segment Total Revenue by product/service: Technology solutions $ 701,639 $ 330,827 $ 1,032,466 Master agency and professional services — 13,555 13,555 $ 701,639 $ 344,382 $ 1,046,021 Six months ended December 31, 2018 (in thousands) Worldwide Barcode, Networking & Security Segment Worldwide Communications & Services Segment Total Revenue by product/service: Technology solutions $ 1,356,752 $ 635,602 $ 1,992,354 Master agency and professional services — 26,567 26,567 $ 1,356,752 $ 662,169 $ 2,018,921 Quarter ended December 31, 2017 (in thousands) Worldwide Barcode, Networking & Security Segment Worldwide Communications & Services Segment Total Revenue by product/service: Technology solutions $ 719,786 $ 302,072 $ 1,021,858 Master agency and professional services — 10,354 10,354 $ 719,786 $ 312,426 $ 1,032,212 Six months ended December 31, 2017 (in thousands) Worldwide Barcode, Networking & Security Segment Worldwide Communications & Services Segment Total Revenue by product/service: Technology solutions $ 1,340,114 $ 596,553 $ 1,936,667 Master agency and professional services — 20,104 20,104 $ 1,340,114 $ 616,657 $ 1,956,771

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Quarter ended Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands, except per share data) Numerator: Net income $ 19,982 $ 7,969 $ 34,303 $ 12,116 Denominator: Weighted-average shares, basic 25,640 25,506 25,619 25,470 Dilutive effect of share-based payments 110 142 133 142 Weighted-average shares, diluted 25,750 25,648 25,752 25,612 Net income per common share, basic $ 0.78 $ 0.31 $ 1.34 $ 0.48 Net income per common share, diluted $ 0.78 $ 0.31 $ 1.33 $ 0.47

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Dec. 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: December 31, 2018 June 30, 2018 (in thousands) Foreign currency translation adjustment $ (88,678 ) $ (85,279 ) Unrealized gain (loss) on hedged transaction, net of tax 633 1,102 Accumulated other comprehensive income (loss) $ (88,045 ) $ (84,177 )
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 December 31, Six months ended December 31, 2018 2017 2018 2017 (in thousands) Tax expense (benefit) $ (141 ) $ 75 $ (598 ) $ 379

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
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 28,449 Consideration transferred, net of cash acquired 143,768 $ 201,444

Goodwill and Other Identifiab_2

Goodwill and Other Identifiable Intangible Assets (Tables)	6 Months Ended
	Dec. 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 six months ended December 31, 2018 , by reporting segment, are set forth in the table below. Additions to goodwill for the current year are due to recent acquisitions. Barcode, Networking & Security Segment Communications & Services Segment Total (in thousands) Balance as of June 30, 2018 $ 137,214 $ 160,960 $ 298,174 Additions — 29,160 29,160 Foreign currency translation adjustment (147 ) (512 ) (659 ) Balance as of December 31, 2018 $ 137,067 $ 189,608 $ 326,675
Schedule of Net Identifiable Intangible Assets	The following table shows changes in the amount recognized for net identifiable intangible assets for the six months ended December 31, 2018 . Net Identifiable Intangible Assets (in thousands) Balance as of June 30, 2018 $ 136,806 Additions 2,250 Amortization expense (9,703 ) Foreign currency translation adjustment (333 ) Balance as of December 31, 2018 $ 129,020

Short-Term Borrowings and Lon_2

Short-Term Borrowings and Long-Term Debt (Tables)	6 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Debt	The following table presents the Company’s debt as of December 31, 2018 and June 30, 2018 . December 31, 2018 June 30, 2018 (in thousands) Current portion of long-term debt $ 335 $ 551 Long-term debt, net of current portion 4,764 4,878 Borrowings under revolving credit facility 367,311 244,000 Total debt $ 372,410 $ 249,429

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Dec. 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 Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands) Net foreign exchange derivative contract (gains) losses $ (964 ) $ 121 $ (948 ) $ 942 Net foreign currency transactional and re-measurement (gains) losses 1,384 473 1,465 (160 ) Net foreign currency (gains) losses $ 420 $ 594 $ 517 $ 782
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 Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands) Net interest (income) expense recognized as a result of interest rate swap $ (57 ) $ 64 $ (83 ) $ 133 Unrealized gain (loss) in fair value of interest rate swap (751 ) 447 (533 ) 424 Net increase (decrease) in accumulated other comprehensive income (loss) $ (808 ) $ 511 $ (616 ) $ 557 Income tax effect (193 ) 191 (147 ) 208 Net increase (decrease) in accumulated other comprehensive income (loss), net of tax $ (615 ) $ 320 $ (469 ) $ 349
Schedule of Derivative Instruments	The Company used the following derivative instruments as of December 31, 2018 and June 30, 2018 , reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above: December 31, 2018 June 30, 2018 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 $ — $ 190 $ — $ 157 Interest rate swap agreement Other non-current assets $ 988 $ — $ 1,604 $ — Derivative liabilities: Foreign exchange contracts Accrued expenses and other current liabilities $ — $ 300 $ — $ 156

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Dec. 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 December 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 $ 23,057 $ 23,057 $ — $ — Forward foreign currency exchange contracts 190 — 190 — Interest rate swap agreement 988 — 988 — Total assets at fair value $ 24,235 $ 23,057 $ 1,178 $ — Liabilities: Deferred compensation plan investments, current and non-current portion $ 23,056 $ 23,056 $ — $ — Forward foreign currency exchange contracts 300 — 300 — Liability for contingent consideration, current and non-current portion 71,886 — — 71,886 Total liabilities at fair value $ 95,242 $ 23,056 $ 300 $ 71,886 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, 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 $ 23,352 $ 23,352 $ — $ — Forward foreign currency exchange contracts 157 — 157 — Interest rate swap agreement 1,604 — 1,604 — Total assets at fair value $ 25,113 $ 23,352 $ 1,761 $ — Liabilities: Deferred compensation plan investments, current and non-current portion $ 23,352 $ 23,352 $ — $ — Forward foreign currency exchange contracts 156 — 156 — Liability for contingent consideration, current and non-current portion 108,233 — — 108,233 Total liabilities at fair value $ 131,741 $ 23,352 $ 156 $ 108,233
Schedule of Changes in Fair Value of Contingent Considerations	Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for our contingent consideration liabilities as of December 31, 2018 and June 30, 2018 were as follows. Reporting Period Valuation Technique Significant Unobservable Inputs Weighted Average Rates December 31, 2018 Discounted cash flow Weighted average cost of capital 15.1 % Adjusted EBITDA growth rate 15.2 % June 30, 2018 Discounted cash flow Weighted average cost of capital 14.8 % Adjusted EBITDA growth rate 18.2 % The table below provides a summary of the changes in fair value of the Company’s contingent considerations (Level 3) for the Network1 and Intelisys earnouts for the quarter and six months ended December 31, 2018 . Contingent consideration for the quarter ended Contingent consideration for the six months ended December 31, 2018 December 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 $ — $ 80,173 $ 80,173 $ — $ 108,233 $ 108,233 Issuance of contingent consideration — — — — — — Payments — (10,813 ) (10,813 ) — (43,060 ) (43,060 ) Change in fair value of contingent consideration — 1,850 1,850 — 6,434 6,434 Foreign currency translation adjustment — 676 676 — 279 279 Fair value at end of period $ — $ 71,886 $ 71,886 $ — $ 71,886 $ 71,886 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 six months ended December 31, 2017 . Contingent consideration for the quarter ended Contingent consideration for the six months ended December 31, 2017 December 31, 2017 Barcode, Networking & Security Segment Communications & Services Segment Total Barcode, Networking & Security Segment Communications & Services Segment Total (in thousands) Fair value at beginning of period $ 13,167 $ 90,326 $ 103,493 $ — $ 114,036 $ 114,036 Issuance of contingent consideration — — — 13,098 — 13,098 Payments (13,167 ) — (13,167 ) (13,167 ) (40,858 ) (54,025 ) Change in fair value of contingent consideration — 6,913 6,913 69 23,725 23,794 Foreign currency translation adjustment — (208 ) (208 ) — 128 128 Fair value at end of period $ — $ 97,031 $ 97,031 $ — $ 97,031 $ 97,031

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Dec. 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 Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands) Sales: Worldwide Barcode, Networking & Security $ 701,639 $ 719,786 $ 1,356,752 $ 1,340,114 Worldwide Communications & Services 344,382 312,426 662,169 616,657 $ 1,046,021 $ 1,032,212 $ 2,018,921 $ 1,956,771 Depreciation and amortization: Worldwide Barcode, Networking & Security $ 4,283 $ 4,843 $ 9,016 $ 8,584 Worldwide Communications & Services 3,783 4,173 7,397 8,431 Corporate 869 885 1,790 1,751 $ 8,935 $ 9,901 $ 18,203 $ 18,766 Change in fair value of contingent consideration: Worldwide Barcode, Networking & Security $ — $ — $ — $ 69 Worldwide Communications & Services 1,850 $ 6,913 $ 6,434 $ 23,725 $ 1,850 $ 6,913 $ 6,434 $ 23,794 Operating income (loss): Worldwide Barcode, Networking & Security $ 18,581 $ 15,542 $ 32,112 $ 29,578 Worldwide Communications & Services 11,539 6,799 19,794 533 Corporate (414 ) — (769 ) (172 ) $ 29,706 $ 22,341 $ 51,137 $ 29,939 Capital expenditures: Worldwide Barcode, Networking & Security $ 2,784 $ 919 $ 3,740 $ 1,740 Worldwide Communications & Services 2,006 367 2,036 708 Corporate — 699 4 848 $ 4,790 $ 1,985 $ 5,780 $ 3,296 Sales by Geography Category: United States and Canada $ 786,689 $ 764,445 $ 1,532,651 $ 1,458,824 International (1) 266,570 276,918 501,513 514,827 Less intercompany sales (7,238 ) (9,151 ) (15,243 ) (16,880 ) $ 1,046,021 $ 1,032,212 $ 2,018,921 $ 1,956,771 (1) For the quarters and six months ended December 31, 2018 and 2017, no sales exceeded 10% of consolidated net sales to any single international country.
Schedule of Reconciliation of Assets from Segment to Consolidated	December 31, 2018 June 30, 2018 (in thousands) Assets: Worldwide Barcode, Networking & Security $ 1,113,474 $ 1,062,143 Worldwide Communications & Services 954,554 841,490 Corporate 27,705 41,662 $ 2,095,733 $ 1,945,295 Property and equipment, net by Geography Category: United States and Canada $ 69,811 $ 69,032 International 3,543 4,010 $ 73,354 $ 73,042

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Dec. 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 Network1's pre-acquisition contingencies and corresponding indemnification receivables in the Company's Condensed Consolidated Balance Sheets as of December 31, 2018 and June 30, 2018 : December 31, 2018 June 30, 2018 Network1 (in thousands) Assets Prepaid expenses and other current assets $ 531 $ 1,385 Other non-current assets $ 5,161 $ 5,700 Liabilities Accrued expenses and other current liabilities $ 531 $ 1,385 Other long-term liabilities $ 5,161 $ 5,700

Business and Summary of Signi_3

Business and Summary of Significant Accounting Policies (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)	Jun. 30, 2018USD ($)
Cash and Cash Equivalents [Line Items]
Number of operating segments | segment			2
Depreciation expense related to selling, general and administrative costs	$ 3,272	$ 3,467	$ 6,538	$ 6,707
Amortization of intangible assets	4,700	5,487	9,703	10,498
Bank Overdrafts [Member]
Cash and Cash Equivalents [Line Items]
Outstanding checks	5,300		5,300		$ 5,700
Product [Member]
Cash and Cash Equivalents [Line Items]
Depreciation expense reported as part of cost of goods sold	$ 1,000	$ 900	$ 2,000	$ 1,600

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 1,046,021	$ 1,032,212	$ 2,018,921	$ 1,956,771
Technology Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,032,466	1,021,858	1,992,354	1,936,667
Master Agency and Professional Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	13,555	10,354	26,567	20,104
Worldwide Barcode, Networking & Security Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	701,639	719,786	1,356,752	1,340,114
Worldwide Barcode, Networking & Security Segment [Member] | Technology Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	701,639	719,786	1,356,752	1,340,114
Worldwide Barcode, Networking & Security Segment [Member] | Master Agency and Professional Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Worldwide Communications & Services Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	344,382	312,426	662,169	616,657
Worldwide Communications & Services Segment [Member] | Technology Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	330,827	302,072	635,602	596,553
Worldwide Communications & Services Segment [Member] | Master Agency and Professional Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 13,555	$ 10,354	$ 26,567	$ 20,104

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Numerator:
Net income	$ 19,982	$ 7,969	$ 34,303	$ 12,116
Denominator:
Weighted-average shares, basic (in shares)	25,640,000	25,506,000	25,619,000	25,470,000
Dilutive effect of share-based payments (in shares)	110,000	142,000	133,000	142,000
Weighted-average shares, diluted (in shares)	25,750,000	25,648,000	25,752,000	25,612,000
Net income per common share, basic (in dollars per share)	$ 0.78	$ 0.31	$ 1.34	$ 0.48
Net income per common share, diluted (in dollars per share)	$ 0.78	$ 0.31	$ 1.33	$ 0.47
Weighted average shares excluded from the computation of diluted earnings per share (in shares)	573,475	405,159	433,993	432,846

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity attributable to parent	$ 899,503		$ 899,503		$ 866,376
Tax expense (benefit)	(141)	$ 75	(598)	$ 379
Foreign currency translation adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity attributable to parent	(88,678)		(88,678)		(85,279)
Unrealized gain (loss) on hedged transaction, net of tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity attributable to parent	633		633		1,102
Accumulated other comprehensive income (loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity attributable to parent	$ (88,045)		$ (88,045)		$ (84,177)

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Business Acquisition [Line Items]
Consideration transferred, net of cash acquired		$ 32,183	$ 143,768
Liability for contingent consideration, current and non-current portion		71,886		$ 108,233
POS Portal [Member]
Business Acquisition [Line Items]
Consideration transferred, net of cash acquired	$ 143,768
Payments to acquire business			$ 3,400
Consideration transferred, initial purchase price	144,900
Cash acquired	4,600
Liability for contingent consideration, current and non-current portion	13,098
Purchase price in escrow		$ 13,100
Weighted average useful life		10 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	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Business Acquisition [Line Items]
Goodwill		$ 326,675		$ 298,174
Contingent consideration		71,886		$ 108,233
Consideration transferred, net of cash acquired		$ 32,183	$ 143,768
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	28,449
Consideration transferred, net of cash acquired	143,768
Total liabilities	$ 201,444

Goodwill and Other Identifiab_3

Goodwill and Other Identifiable Intangible Assets (Changes in the Carrying Amount of Goodwill) (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2018USD ($)
Goodwill [Roll Forward]
Balance as of June 30, 2018	$ 298,174
Additions	29,160
Foreign currency translation adjustment	(659)
Balance as of December 31, 2018	326,675
Barcode, Networking & Security Segment [Member]
Goodwill [Roll Forward]
Balance as of June 30, 2018	137,214
Additions	0
Foreign currency translation adjustment	(147)
Balance as of December 31, 2018	137,067
Communications & Services Segment [Member]
Goodwill [Roll Forward]
Balance as of June 30, 2018	160,960
Additions	29,160
Foreign currency translation adjustment	(512)
Balance as of December 31, 2018	$ 189,608

Goodwill and Other Identifiab_4

Goodwill and Other Identifiable Intangible Assets (Net Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Finite-lived Intangible Assets [Roll Forward]
Balance as of June 30, 2018			$ 136,806
Additions			2,250
Amortization expense	$ (4,700)	$ (5,487)	(9,703)	$ (10,498)
Foreign currency translation adjustment			(333)
Balance as of December 31, 2018	$ 129,020		$ 129,020

Short-Term Borrowings and Lon_3

Short-Term Borrowings and Long-Term Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Debt Instrument [Line Items]
Current portion of long-term debt	$ 335	$ 551
Long-term debt	4,764	4,878
Borrowings under revolving credit facility	367,311	244,000
Total debt	372,410	249,429
Multi-Currency Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowings under revolving credit facility	367,311	244,000
Industrial Development Revenue Bond [Member]
Debt Instrument [Line Items]
Current portion of long-term debt	335	551
Long-term debt	$ 4,764	$ 4,878

Short-Term Borrowings and Lon_4

Short-Term Borrowings and Long-Term Debt (Narrative) (Details) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018	Aug. 08, 2017	Aug. 07, 2017	Apr. 03, 2017
Debt Instrument [Line Items]
Debt issuance costs, net	$ 1,100,000
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	3.229%		2.855%
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		$ 900,000
Line of credit facility, unused capacity, commitment fee percentage	0.25%
Percentage of capital stock or other equity interest pledged per credit agreement (up to)	65.00%
Average daily balance on revolving credit facility	$ 296,100,000	$ 261,800,000
Line of credit facility, remaining borrowing capacity	32,800,000		$ 156,000,000
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	1.625%
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	0.625%
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 Activ_3

Derivatives and Hedging Activities (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Foreign Exchange Contract [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts outstanding	$ 91,800,000		$ 91,800,000		$ 74,600,000
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	$ 0	$ 0

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Derivative Contracts and Changes in Underlying Value of the Foreign Currency Exposures) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Net foreign exchange derivative contract (gains) losses	$ (964)	$ 121	$ (948)	$ 942
Net foreign currency transactional and re-measurement (gains) losses	1,384	473	1,465	(160)
Net foreign currency (gains) losses	$ 420	$ 594	$ 517	$ 782

Derivatives and Hedging Activ_5

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		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Net interest (income) expense recognized as a result of interest rate swap	$ (57)	$ 64	$ (83)	$ 133
Unrealized gain (loss) in fair value of interest rate swap	(751)	447	(533)	424
Net increase (decrease) in accumulated other comprehensive income (loss)	(808)	511	(616)	557
Income tax effect	(193)	191	(147)	208
Net increase (decrease) in accumulated other comprehensive income (loss), net of tax	$ (615)	$ 320	$ (469)	$ 349

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities (Derivative Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	$ 190	$ 157
Foreign Exchange Contract [Member] | Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	0	0
Foreign Exchange Contract [Member] | Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	190	157
Foreign Exchange Contract [Member] | Accrued Liabilities And Other Current Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	0	0
Foreign Exchange Contract [Member] | Accrued Liabilities And Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	300	156
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	988	1,604
Interest Rate Swap [Member] | Other Noncurrent Assets [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	988	1,604
Interest Rate Swap [Member] | Other Noncurrent Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	$ 0	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Schedule of Remaining Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Assets
Deferred compensation plan investments, current and non-current portion	$ 23,057	$ 23,352
Total assets at fair value	24,235	25,113
Liabilities
Deferred compensation plan investments, current and non-current portion	23,056	23,352
Liability for contingent consideration, current and non-current portion	71,886	108,233
Total liabilities at fair value	95,242	131,741
Quoted prices in active markets (Level 1) [Member]
Assets
Deferred compensation plan investments, current and non-current portion	23,057	23,352
Total assets at fair value	23,057	23,352
Liabilities
Deferred compensation plan investments, current and non-current portion	23,056	23,352
Liability for contingent consideration, current and non-current portion	0	0
Total liabilities at fair value	23,056	23,352
Significant other observable inputs (Level 2) [Member]
Assets
Deferred compensation plan investments, current and non-current portion	0	0
Total assets at fair value	1,178	1,761
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	300	156
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	71,886	108,233
Total liabilities at fair value	71,886	108,233
Foreign Exchange Contract [Member]
Assets
Derivative instruments	190	157
Liabilities
Derivative instruments	300	156
Foreign Exchange Contract [Member] | Quoted prices in active markets (Level 1) [Member]
Assets
Derivative instruments	0	0
Liabilities
Derivative instruments	0	0
Foreign Exchange Contract [Member] | Significant other observable inputs (Level 2) [Member]
Assets
Derivative instruments	190	157
Liabilities
Derivative instruments	300	156
Foreign Exchange Contract [Member] | Significant unobservable inputs (Level 3) [Member]
Assets
Derivative instruments	0	0
Liabilities
Derivative instruments	0	0
Interest Rate Swap [Member]
Assets
Derivative instruments	988	1,604
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	988	1,604
Interest Rate Swap [Member] | Significant unobservable inputs (Level 3) [Member]
Assets
Derivative instruments	$ 0	$ 0

Fair Value of Financial Instr_4

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		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	$ 80,173	$ 103,493	$ 108,233	$ 114,036
Issuance of contingent consideration	0	0	0	13,098
Payments	(10,813)	(13,167)	(43,060)	(54,025)
Change in fair value of contingent consideration	1,850	6,913	6,434	23,794
Foreign currency translation adjustment	676	(208)	279	128
Fair value at end of period	71,886	97,031	71,886	97,031
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	13,167	0	0
Issuance of contingent consideration	0	0	0	13,098
Payments	0	(13,167)	0	(13,167)
Change in fair value of contingent consideration	0	0	0	69
Foreign currency translation adjustment	0	0	0	0
Fair value at end of period	0	0	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	80,173	90,326	108,233	114,036
Issuance of contingent consideration	0	0	0	0
Payments	(10,813)	0	(43,060)	(40,858)
Change in fair value of contingent consideration	1,850	6,913	6,434	23,725
Foreign currency translation adjustment	676	(208)	279	128
Fair value at end of period	$ 71,886	$ 97,031	$ 71,886	$ 97,031

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Schedule of Valuation Techniques and Significant Observable Inputs) (Details)	Dec. 31, 2018	Jun. 30, 2018
Weighted average cost of capital [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration, liability, measurement input	0.151	0.148
Adjusted EBITDA growth rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration, liability, measurement input	0.152	0.182

Fair Value of Financial Instr_6

Fair Value of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017	Jun. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Current portion of contingent consideration	$ 39,729		$ 39,729			$ 42,975
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	(1,850)	$ (6,913)	(6,434)	$ (23,794)
Fair value of liability for contingent consideration	71,886	97,031	71,886	97,031	$ 80,173	108,233	$ 103,493	$ 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	0	0	(69)
Fair value of liability for contingent consideration	0	0	0	0	0	0	13,167	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	(1,850)	(6,913)	(6,434)	(23,725)
Fair value of liability for contingent consideration	71,886	97,031	71,886	97,031	$ 80,173	$ 108,233	$ 90,326	$ 114,036
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	(1,900)	(5,100)	(6,400)	(9,200)
Fair value of liability for contingent consideration	71,900	90,700	71,900	90,700
Current portion of contingent consideration	39,700	32,300	39,700	32,300
Contingent consideration arrangements, maximum range of outcome	$ 85,100		$ 85,100
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)		(14,500)
Fair value of liability for contingent consideration		$ 6,300		$ 6,300

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Dec. 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		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Sales	$ 1,046,021	$ 1,032,212	$ 2,018,921	$ 1,956,771
Depreciation and amortization	8,935	9,901	18,203	18,766
Change in fair value of contingent consideration	1,850	6,913	6,434	23,794
Operating income (loss)	29,706	22,341	51,137	29,939
Capital expenditures	4,790	1,985	5,780	3,296
Operating Segments [Member] | United States and Canada [Member]
Segment Reporting Information [Line Items]
Sales	786,689	764,445	1,532,651	1,458,824
Operating Segments [Member] | International [Member]
Segment Reporting Information [Line Items]
Sales	266,570	276,918	501,513	514,827
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	869	885	1,790	1,751
Operating income (loss)	(414)	0	(769)	(172)
Capital expenditures	0	699	4	848
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales	(7,238)	(9,151)	(15,243)	(16,880)
Barcode, Networking & Security Segment [Member]
Segment Reporting Information [Line Items]
Sales	701,639	719,786	1,356,752	1,340,114
Barcode, Networking & Security Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales	701,639	719,786	1,356,752	1,340,114
Depreciation and amortization	4,283	4,843	9,016	8,584
Change in fair value of contingent consideration	0	0	0	69
Operating income (loss)	18,581	15,542	32,112	29,578
Capital expenditures	2,784	919	3,740	1,740
Communications & Services Segment [Member]
Segment Reporting Information [Line Items]
Sales	344,382	312,426	662,169	616,657
Communications & Services Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales	344,382	312,426	662,169	616,657
Depreciation and amortization	3,783	4,173	7,397	8,431
Change in fair value of contingent consideration	1,850	6,913	6,434	23,725
Operating income (loss)	11,539	6,799	19,794	533
Capital expenditures	$ 2,006	$ 367	$ 2,036	$ 708

Segment Information (Assets By

Segment Information (Assets By Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Segment Reporting Information [Line Items]
Assets	$ 2,095,733	$ 1,945,295
Property and equipment, net by Geography Category	73,354	73,042
Operating Segments [Member] | United States and Canada [Member]
Segment Reporting Information [Line Items]
Property and equipment, net by Geography Category	69,811	69,032
Operating Segments [Member] | International [Member]
Segment Reporting Information [Line Items]
Property and equipment, net by Geography Category	3,543	4,010
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Assets	27,705	41,662
Barcode, Networking & Security Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	1,113,474	1,062,143
Communications & Services Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	$ 954,554	$ 841,490

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018
Other Commitments [Line Items]
Actual cash expenditures	$ 4,790	$ 1,985	$ 5,780	$ 3,296
Network1 [Member]
Other Commitments [Line Items]
Cash held in escrow	$ 17,900		$ 17,900			$ 24,100
Scenario, Forecast [Member] | Minimum [Member]
Other Commitments [Line Items]
Actual cash expenditures					$ 10,000
Scenario, Forecast [Member] | Maximum [Member]
Other Commitments [Line Items]
Actual cash expenditures					$ 15,000

Commitments and Contingencies_3

Commitments and Contingencies (Summary of Pre-Acquisition Contingencies) (Details) - Network1 [Member] - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Assets
Prepaid expenses and other current assets	$ 531	$ 1,385
Other non-current assets	5,161	5,700
Liabilities
Accrued expenses and other current liabilities	531	1,385
Other long-term liabilities	$ 5,161	$ 5,700

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Income Taxes [Line Items]
Federal statutory income tax rate (percent)					28.00%
Tax Cuts and Jobs Act of 2017, income tax expense (benefit)					$ (200)
Effective income tax rate			25.20%
Transition tax on repatriation of foreign earnings			$ 9,400		9,600
Gross unrecognized tax benefits	$ 1,500		1,500		2,100
Unrecognized tax benefits that would impact effective tax rate if recognized	1,200		1,200
Income tax penalties and interest accrued	1,200		1,200		1,200
Income (loss) before income taxes	26,650	$ 20,310	$ 45,873	$ 27,090
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					(1,600)
Administration of the Treasury, Belgium [Member]
Income Taxes [Line Items]
Provisional income tax expense (benefit) due to remeasurement of deferred tax liabilities					$ 1,000
Income (loss) before income taxes	$ (2,700)		$ (1,800)