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Balance Sheets-Additional Information
12 Months Ended
Jun. 30, 2014
Balance Sheets Additional Information [Abstract]  
Balance Sheets-Additional Information

           5. Balance Sheets—Additional Information

 
As of June 30
2014
2013
Accounts receivable, net
 
 
Trade accounts receivable
$
115,093
 
$
99,795
 
Allowance for doubtful accounts
(1,235
)
(658
)
$
113,858
 
$
99,137
 
Allowance for doubtful accounts(1)
 
 
Balance at beginning of period
$
658
 
$
1,041
 
Provision for bad debts
226
 
(124
)
Effect of changes in exchange rates
351
 
(265
)
Bad debt write-offs (recovery)
 
6
 
Balance at end of period
$
1,235
 
$
658
 
 
 
(1)
  • For the year ended June 30, 2012, the beginning balance for allowance for doubtful accounts was $1,029, the provision for bad debts was ($115) and the effect of changes in exchange rates was $127, resulting in an ending balance for allowance for doubtful accounts of $1,041.
 
As of June 30
2014
2013
Inventories, net
 
 
Raw materials
$
44,306
 
$
36,589
 
Work-in-process
7,518
 
7,541
 
Finished goods
91,360
 
95,902
 
$
143,184
 
$
140,032
 
Property, plant and equipment, net
 
 
Land
$
9,773
 
$
9,746
 
Buildings and improvements
51,364
 
46,960
 
Machinery and equipment
172,530
 
156,247
 
233,667
 
212,953
 
Accumulated depreciation
(124,508
)
(108,531
)
$
109,159
 
$
104,422
 
 
Certain facilities in Israel are on land leased for a nominal amount from the Israel Land Authority. The lease expires July 9, 2027. Certain facilities in Israel are on leased land. The lease expires November 30, 2035.
Net equipment under capital leases was $142 and $152 at June 30, 2014 and 2013, respectively, including accumulated depreciation of $79 and $39, respectively.
Property, plant and equipment, net includes internal-use software costs, net of accumulated depreciation, of $9,019 and $9,154 at June 30, 2014 and 2013, respectively.
Machinery and equipment includes construction-in-progress of $4,782 and $5,543 at June 30, 2014 and 2013, respectively.
 
As of June 30
Weighted-
Average
Useful Life
(Years)
2014
2013
Intangibles, net
 
 
Cost
 
 
Medicated feed additive product registrations
10
 
$
11,792
 
$
12,115
 
Rights to sell in international markets
10
 
4,292
 
4,292
 
Customer relationships
13
 
10,702
 
10,691
 
Technology
11
 
28,259
 
28,259
 
Distribution agreements
4
 
3,447
 
3,493
 
Trade names, trademarks and other
5
 
2,740
 
2,740
 
 
61,232
 
61,590
 
Accumulated amortization
 
 
Medicated feed additive product registrations
 
(11,039
)
(10,778
)
Rights to sell in international markets
 
(4,292
)
(3,861
)
Customer relationships
 
(4,265
)
(3,203
)
Technology
 
(6,510
)
(3,729
)
Distribution agreements
 
(3,309
)
(3,179
)
Trade names, trademarks and other
 
(2,014
)
(1,685
)
 
(31,429
)
(26,435
)
 
$
29,803
 
$
35,155
 
 
As of June 30
2014
2013
Other assets
 
 
Goodwill
$
12,613
 
$
12,613
 
Advances to and investments in equity method investees
5,619
 
3,515
 
Insurance investments
4,626
 
4,456
 
Deferred financing fees
5,199
 
5,212
 
Deferred income taxes
3,486
 
4,755
 
Insurance claim receivable
 
5,350
 
Other
2,529
 
2,278
 
$
34,072
 
$
38,179
 
 
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 $5,140 equity investment are currently idled; we have concluded the investment is not currently impaired, based on expected future operating cash flows and/or disposal value.
As of June 30
2014
2013
Goodwill roll-forward
 
 
Balance at beginning of period
$
12,613
 
$
1,717
 
OGR acquisition
 
10,896
 
Balance at end of period
$
12,613
 
$
12,613
 
Accrued expenses and other current liabilities
 
 
Employee related accruals
$
20,813
 
$
17,823
 
Interest
 
13,875
 
Commissions and rebates
2,973
 
3,196
 
Insurance related
1,395
 
1,286
 
Professional fees
4,229
 
4,064
 
Deferred consideration on acquisitions
1,420
 
1,250
 
Product liability claims
5,286
 
 
Other accrued liabilities
13,745
 
15,944
 
$
49,861
 
$
57,438
 
Other liabilities
 
 
Pension and other retirement benefits
$
31,025
 
$
26,021
 
Long term and deferred income taxes
14,282
 
17,580
 
Deferred consideration on acquisitions
2,879
 
5,009
 
Product liability claims
 
5,600
 
Other long term liabilities
10,128
 
7,926
 
$
58,314
 
$
62,136
 
 
As of June 30
2014
2013
Accumulated other comprehensive income (loss)
 
 
Derivative instruments
$
386
 
$
(639
)
Foreign currency translation adjustment
(1,409
)
(2,519
)
Unrecognized net pension gains (losses)
(16,663
)
(12,240
)
Income tax (provision) benefit on derivative instruments
63
 
63
 
Income tax (provision) benefit on pension gains (losses)
(2,437
)
(2,437
)
$
(20,060
)
$
(17,772
)