CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 142,617,000 $ 238,147,000
Investments — short-term 925,000 69,866,000
Accounts receivable, net of allowance for doubtful accounts of $203 and $203 at June 30, 2020 and June 30, 2019 respectively 142,160,000 156,043,000
Inventories 285,943,000 264,281,000
Vendor deposits 5,934,000 11,608,000
Prepaid income taxes 34,000 23,000
Prepaid expenses and other current assets 9,034,000 13,843,000
Total current assets 586,647,000 753,811,000
Property and equipment, net 78,522,000 13,618,000
Operating lease right-of-use assets, net 24,444,000 0
Deferred tax assets — long-term 4,102,000 2,910,000
Investments — long-term 513,000 31,585,000
Other long-term assets 43,223,000 73,941,000
Total assets 737,451,000 875,865,000
Current liabilities:    
Accounts payable 155,547,000 38,722,000
Income taxes payable 30,961,000 25,556,000
Debt — short-term 24,067,000 30,675,000
Other current liabilities 53,722,000 84,233,000
Total current liabilities 264,297,000 179,186,000
Income tax payable — long-term 115,330,000 124,262,000
Operating lease liabilities — long-term 18,533,000 0
Debt — long-term 628,437,000 464,700,000
Other long-term liabilities 6,312,000 8,440,000
Total liabilities 1,032,909,000 776,588,000
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock—$0.001 par value; 50,000,000 shares authorized; none issued 0 0
Common stock—$0.001 par value; 500,000,000 shares authorized: 63,688,329 and 69,472,568 outstanding at June 30, 2020 and June 30, 2019, respectively 64,000 69,000
Additional paid–in capital 447,000 0
Accumulated other comprehensive income 9,200 393,000
Retained (deficit) earnings (295,978,000) 98,815,000
Total stockholders’ (deficit) equity (295,458,000) 99,277,000
Total liabilities and stockholders’ equity $ 737,451,000 $ 875,865,000