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Acquisition
 9 Months Ended
Mar. 31, 2014
Business Combinations [Abstract]  
Acquisition
  • 7.   Acquisition
On December 20, 2012, Prince Agri Products, Inc. (“Prince Agri”), a subsidiary of Phibro, acquired 100% of the membership interests of OmniGen Research, LLC (“OGR”). This transaction gives the Company all rights to OmniGen-AF​® patents and related intellectual property and ownership of certain property, plant and equipment. OmniGen-AF​® is a proprietary nutritional specialty product that helps maintain a dairy cow’s healthy immune system. Prior to the transaction, Prince Agri had been the exclusive manufacturer and marketer of OmniGen-AF​® for 9 years, under a licensing arrangement with OGR.
OGR’s only revenues were the royalties paid by Prince Agri. The unaudited pro forma consolidated results of operations, as if such acquisition had occurred at the beginning of the nine month period ended March 31, 2013 are shown below. Pro forma adjustments included the elimination of royalty expense previously included in cost of sales and the addition of operating expenses related to the acquired research and development activities.
 
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For the Period Ended March 31, 2013
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Nine Months
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Net sales
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$
488,950
 
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Operating income
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42,949
 
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Net income
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20,010
 
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Net income per share – basic and diluted
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0.66
 
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Depreciation and amortization
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15,131
 
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