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Business Segments | 6 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Business Segments | 13. Business Segments ​ The Animal Health segment manufactures and markets products for the poultry, swine, cattle, dairy, aquaculture and ethanol markets. The business includes net sales of medicated feed additives and other related products, nutritional specialty products and vaccines. The Mineral Nutrition segment manufactures and markets trace minerals for the cattle, swine, poultry and pet food markets. The Performance Products segment manufactures and markets a variety of products for use in the personal care, automotive, industrial chemical and chemical catalyst industries. We evaluate performance and allocate resources based on the Animal Health, Mineral Nutrition and Performance Products segments. Certain of our costs and assets are not directly attributable to these segments. We do not allocate such items to the principal segments because they are not used to evaluate their operating results or financial position. Corporate costs include the departmental operating costs of the Board of Directors, the Chairman, President and Chief Executive Officer, the Chief Operating Officer, the Chief Financial Officer, the Senior Vice President and General Counsel, the Senior Vice President of Human Resources, the Chief Information Officer and the Executive Vice President of Corporate Strategy. Costs include the executives and their staffs and include compensation and benefits, outside services, professional fees and office space. Assets include cash and cash equivalents, debt issue costs and certain other assets. We evaluate performance of our segments based on Adjusted EBITDA. We define Adjusted EBITDA as EBITDA plus (a) (income) loss from, and disposal of, discontinued operations, (b) other expense or less other income, as separately reported on our consolidated statements of operations, including foreign currency gains and losses and loss on extinguishment of debt, and (c) certain items that we consider to be unusual or non-recurring. We define EBITDA as net income plus (i) interest expense, net, (ii) provision for income taxes or less benefit for income taxes and (iii) depreciation and amortization. The accounting policies of our segments are the same as those described in the summary of significant accounting policies included in the “—Summary of Significant Accounting Policies and New Accounting Standards.”
​ | ​ | ​ | Three Months | ​ | ​ | Six Months | ​
For the Periods Ended December 31 | ​ | ​ | 2014 | ​ | ​ | 2013 | ​ | ​ | 2014 | ​ | ​ | 2013 | ​
Net sales | ​ | ​ | ​ | ​ | ​
Animal Health | ​ | ​ | ​ | $ | 118,785 | ​ | ​ | ​ | ​ | $ | 107,966 | ​ | ​ | ​ | ​ | $ | 236,010 | ​ | ​ | ​ | ​ | $ | 209,137 | ​ | ​
Mineral Nutrition | ​ | ​ | ​ | ​ | 58,742 | ​ | ​ | ​ | ​ | ​ | 50,633 | ​ | ​ | ​ | ​ | ​ | 114,189 | ​ | ​ | ​ | ​ | ​ | 96,819 | ​ | ​
Performance Products | ​ | ​ | ​ | ​ | 11,161 | ​ | ​ | ​ | ​ | ​ | 14,143 | ​ | ​ | ​ | ​ | ​ | 25,947 | ​ | ​ | ​ | ​ | ​ | 29,014 | ​ | ​
​ | ​ | ​ | ​ | $ | 188,688 | ​ | ​ | ​ | ​ | $ | 172,742 | ​ | ​ | ​ | ​ | $ | 376,146 | ​ | ​ | ​ | ​ | $ | 334,970 | ​ | ​
Adjusted EBITDA | ​ | ​ | ​ | ​ | ​
Animal Health | ​ | ​ | ​ | $ | 28,296 | ​ | ​ | ​ | ​ | $ | 24,522 | ​ | ​ | ​ | ​ | $ | 60,750 | ​ | ​ | ​ | ​ | $ | 48,629 | ​ | ​
Mineral Nutrition | ​ | ​ | ​ | ​ | 3,754 | ​ | ​ | ​ | ​ | ​ | 2,878 | ​ | ​ | ​ | ​ | ​ | 7,233 | ​ | ​ | ​ | ​ | ​ | 5,338 | ​ | ​
Performance Products | ​ | ​ | ​ | ​ | 162 | ​ | ​ | ​ | ​ | ​ | 1,103 | ​ | ​ | ​ | ​ | ​ | 1,198 | ​ | ​ | ​ | ​ | ​ | 2,199 | ​ | ​
Corporate | ​ | ​ | ​ | ​ | (7,184) | ​ | ​ | ​ | ​ | ​ | (6,193) | ​ | ​ | ​ | ​ | ​ | (13,695) | ​ | ​ | ​ | ​ | ​ | (12,258) | ​ | ​
​ | ​ | ​ | ​ | $ | 25,028 | ​ | ​ | ​ | ​ | $ | 22,310 | ​ | ​ | ​ | ​ | $ | 55,486 | ​ | ​ | ​ | ​ | $ | 43,908 | ​ | ​
Reconciliation of Adjusted EBITDA to income before income taxes | ​ | ​ | ​ | ​ | ​
Adjusted EBITDA | ​ | ​ | ​ | $ | 25,028 | ​ | ​ | ​ | ​ | $ | 22,310 | ​ | ​ | ​ | ​ | $ | 55,486 | ​ | ​ | ​ | ​ | $ | 43,908 | ​ | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | (5,241) | ​ | ​ | ​ | ​ | ​ | (5,292) | ​ | ​ | ​ | ​ | ​ | (10,594) | ​ | ​ | ​ | ​ | ​ | (10,493) | ​ | ​
Interest expense, net | ​ | ​ | ​ | ​ | (3,515) | ​ | ​ | ​ | ​ | ​ | (8,719) | ​ | ​ | ​ | ​ | ​ | (7,005) | ​ | ​ | ​ | ​ | ​ | (17,454) | ​ | ​
Foreign currency gains (losses), net | ​ | ​ | ​ | ​ | 1,018 | ​ | ​ | ​ | ​ | ​ | (1,165) | ​ | ​ | ​ | ​ | ​ | 2,222 | ​ | ​ | ​ | ​ | ​ | (1,813) | ​ | ​
Income before income taxes | ​ | ​ | ​ | $ | 17,290 | ​ | ​ | ​ | ​ | $ | 7,134 | ​ | ​ | ​ | ​ | $ | 40,109 | ​ | ​ | ​ | ​ | $ | 14,148 | ​ | ​
​
As of | ​ | ​ | December 31, 2014 | ​ | ​ | June 30, 2014 | ​
Identifiable assets | ​ | ​ | ​
Animal Health | ​ | ​ | ​ | $ | 348,288 | ​ | ​ | ​ | ​ | $ | 361,376 | ​ | ​
Mineral Nutrition | ​ | ​ | ​ | ​ | 61,795 | ​ | ​ | ​ | ​ | ​ | 57,460 | ​ | ​
Performance Products | ​ | ​ | ​ | ​ | 21,869 | ​ | ​ | ​ | ​ | ​ | 23,429 | ​ | ​
Corporate | ​ | ​ | ​ | ​ | 35,725 | ​ | ​ | ​ | ​ | ​ | 30,058 | ​ | ​
​ | ​ | ​ | ​ | $ | 467,677 | ​ | ​ | ​ | ​ | $ | 472,323 | ​ | ​
​
All goodwill is included in the Animal Health segment. The Animal Health segment includes advances to and investment in equity method investee of  $4,427 and $5,140 as of December 31, 2014, and June 30, 2014, respectively. The Performance Products segment includes an investment in equity method investee of  $502 and $479 as of December 31, 2014, and June 30, 2014, respectively. Corporate includes all cash and cash equivalents.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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