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Segment Information
6 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Information

(9)  Segment Information

 

The Company's business is organized along product lines into three principal segments: Human Health, Pharmaceutical Ingredients and Performance Chemicals.

 

Human Health - includes finished dosage form generic drugs and nutraceutical products.

 

Pharmaceutical Ingredients – includes pharmaceutical intermediates and active pharmaceutical ingredients (“APIs”).

 

Performance Chemicals - The Performance Chemicals segment is made up of two product groups: Specialty Chemicals and Agricultural Protection Products. Specialty Chemicals include a variety of chemicals used in the manufacture of plastics, surface coatings, cosmetics, textiles, fuels and lubricants perform to their designed capabilities. Dye and pigment intermediates are used in the color-producing industries such as textiles, inks, paper, and coatings. Organic intermediates are used in the production of agrochemicals.

 

Agricultural Protection Products include herbicides, fungicides and insecticides that control weed growth as well as control the spread of insects and other microorganisms that can severely damage plant growth.

 

The Company's chief operating decision maker evaluates performance of the segments based on net sales, gross profit and income before income taxes. Unallocated corporate amounts are deemed by the Company as administrative, oversight costs, not managed by the segment managers. The Company does not allocate assets by segment because the chief operating decision maker does not review the assets by segment to assess the segments' performance, as the assets are managed on an entity-wide basis. During all periods presented, our chief operating decision maker has been the Chief Executive Officer of the Company. In accordance with GAAP, the Company has aggregated certain operating segments into reportable segments because they have similar economic characteristics, and the operating segments are similar in all of the following areas: (a) the nature of the products and services; (b) the nature of the production processes; (c) the type or class of customer for their products and services; (d) the methods used to distribute their products or provide their services; and (e) the nature of the regulatory environment.

 

Six Months Ended December 31, 2015 and 2014:

 

    Human
Health
    Pharmaceutical
Ingredients
    Performance
Chemicals
    Unallocated
Corporate
    Consolidated
Totals
 
2015                                        
Net sales   $ 116,526     $ 72,655     $ 75,993     $ -     $ 265,174  
Gross profit     42,047       12,222       16,180       -       70,449  
Income (loss) before income taxes     21,297       3,781       6,804       (3,806 )     28,076  
                                         
2014                                        
Net sales   $ 104,503     $ 70,556     $ 79,509     $ -     $ 254,568  
Gross profit     30,872       13,076       13,722       -       57,670  
Income (loss) before income taxes     12,429       3,860       4,820       (2,979 )     18,130  
                                         

 

 

Three Months Ended December 31, 2015 and 2014:

 

    Human
Health
    Pharmaceutical
Ingredients
    Performance
Chemicals
    Unallocated
Corporate
    Consolidated
Totals
 
2015                                        
Net sales   $ 59,045     $ 34,295     $ 38,334     $ -     $ 131,674  
Gross profit     21,738       6,108       8,022       -       35,868  
Income (loss) before income taxes     10,794       1,682       3,260       (2,643 )     13,093  
                                         
2014                                        
Net sales   $ 55,424     $ 32,579     $ 35,762     $ -     $ 123,765  
Gross profit     16,331       6,926       6,762       -       30,019  
Income (loss) before income taxes     6,972       2,327       2,896       (1,710 )     10,485