Balance Sheets-Additional Information

3 Months Ended

Sep. 30, 2020

Balance Sheets Additional Information

Balance Sheets-Additional Information

4. Balance Sheets—Additional Information

	September 30,		June 30,
As of	2020		2020
Inventories
Raw materials	$	67,499	$	73,837
Work-in-process		10,336		8,881
Finished goods		128,011		113,941
	$	205,846	$	196,659

	September 30,		June 30,
As of	2020		2020
Goodwill roll-forward
Balance at beginning of period	$	52,679	$	27,348
Osprey acquisition		—		25,331
Balance at end of period	$	52,679	$	52,679

	September 30,		June 30,
As of	2020		2020
Other assets
ROU operating lease assets	$	22,089	$	22,873
Deferred income taxes		11,368		11,430
Deposits		5,042		5,158
Insurance investments		5,891		5,801
Equity method investments		4,367		4,219
Indemnification asset		—		3,000
Debt issuance costs		893		1,021
Other		6,895		6,976
	$	56,545	$	60,478

We evaluate our investments in equity method investees for impairment if circumstances indicate that the fair value of the investment may be impaired. The assets underlying a $2,988 equity investment are currently idled; we have concluded that the investment is not currently impaired, based on expected future operating cash flows and/or disposal value.

	September 30,		June 30,
As of	2020		2020
Accrued expenses and other current liabilities
Employee related	$	24,789	$	25,825
Current operating lease liabilities		6,471		6,439
Commissions and rebates		4,259		5,782
Professional fees		5,822		5,766
Income and other taxes		5,245		3,821
Derivatives		5,930		5,757
Contingent consideration		4,840		—
Restructuring costs		2,029		2,314
Insurance-related		1,267		1,272
Other		17,491		15,421
	$	78,143	$	72,397

In connection with productivity and cost-saving initiatives in the Animal Health segment, we incurred business restructuring costs related to the termination of a contract manufacturing agreement and employee separation charges. All actions have been executed as of September 30, 2020.

The following table summarizes the activity of the restructuring liability during the three months ended September 30, 2020:

Liability balance at June 30, 2020	$	2,860
Charges		—
Payments		(831)
Liability balance at September 30, 2020	$	2,029

As of September 30, 2020, $1,600 and $429 of the liability balance related to contract termination and employee separation costs, respectively.

	September 30,		June 30,
As of	2020		2020
Other liabilities
Long-term operating lease liabilities	$	16,366	$	17,276
Long term and deferred income taxes		10,867		11,680
Derivatives		6,429		7,691
Supplemental retirement benefits, deferred compensation and other		8,199		8,067
Contingent consideration		—		4,840
International retirement plans		5,576		5,499
U.S. pension plan		2,918		3,563
Restructuring costs		—		546
Other long term liabilities		7,735		11,239
	$	58,090	$	70,401

	September 30,		June 30,
As of	2020		2020
Accumulated other comprehensive income (loss)
Derivative instruments	$	(12,359)	$	(13,448)
Foreign currency translation adjustment		(108,461)		(103,738)
Unrecognized net pension gains (losses)		(22,436)		(22,571)
(Provision) benefit for income taxes on derivative instruments		2,984		3,256
(Provision) benefit for incomes taxes on long-term intercompany investments		8,166		8,166
(Provision) benefit for income taxes on pension gains (losses)		(2,084)		(2,050)
	$	(134,190)	$	(130,385)