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Business Segments | 12 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Business Segments | 15. 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, all income tax related assets and certain other assets. We evaluate performance of our segments based on Adjusted EBITDA. We define Adjusted EBITDA as income before income taxes plus (a) interest expense, net, (b) depreciation and amortization, (c) (income) loss from, and disposal of, discontinued operations, (d) 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 (e) certain items that we consider to be unusual, non-operational or non-recurring. The accounting policies of our segments are the same as those described in the summary of significant accounting policies included herein.
For the Years Ended June 30 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
Net sales |  |  |  |
MFAs and other |  |  |  | $ | 339,916 |  |  |  |  | $ | 335,735 |  |  |  |  | $ | 326,568 |  |
Nutritional Specialties |  |  |  |  | 94,084 |  |  |  |  |  | 81,702 |  |  |  |  |  | 63,068 |  |
Vaccines |  |  |  |  | 52,140 |  |  |  |  |  | 53,363 |  |  |  |  |  | 41,417 |  |
Animal Health |  |  |  |  | 486,140 |  |  |  |  |  | 470,800 |  |  |  |  |  | 431,053 |  |
Mineral Nutrition |  |  |  |  | 216,685 |  |  |  |  |  | 227,102 |  |  |  |  |  | 201,599 |  |
Performance Products |  |  |  |  | 48,701 |  |  |  |  |  | 50,689 |  |  |  |  |  | 59,262 |  |
Total segments |  |  |  | $ | 751,526 |  |  |  |  | $ | 748,591 |  |  |  |  | $ | 691,914 |  |
Depreciation and amortization |  |  |  |
Animal Health |  |  |  | $ | 17,149 |  |  |  |  | $ | 15,430 |  |  |  |  | $ | 15,484 |  |
Mineral Nutrition |  |  |  |  | 2,467 |  |  |  |  |  | 2,468 |  |  |  |  |  | 2,368 |  |
Performance Products |  |  |  |  | 807 |  |  |  |  |  | 577 |  |  |  |  |  | 412 |  |
Total segments |  |  |  | $ | 20,423 |  |  |  |  | $ | 18,475 |  |  |  |  | $ | 18,264 |  |
Adjusted EBITDA |  |  |  |
Animal Health |  |  |  | $ | 127,442 |  |  |  |  | $ | 120,259 |  |  |  |  | $ | 100,280 |  |
Mineral Nutrition |  |  |  |  | 14,971 |  |  |  |  |  | 14,429 |  |  |  |  |  | 11,636 |  |
Performance Products |  |  |  |  | 970 |  |  |  |  |  | 2,646 |  |  |  |  |  | 4,626 |  |
Total segments |  |  |  | $ | 143,383 |  |  |  |  | $ | 137,334 |  |  |  |  | $ | 116,542 |  |
Reconciliation of income before income taxes to Adjusted EBITDA |  |  |  |
Income before income taxes |  |  |  | $ | 76,761 |  |  |  |  | $ | 78,763 |  |  |  |  | $ | 6,308 |  |
Interest expense, net |  |  |  |  | 16,592 |  |  |  |  |  | 14,305 |  |  |  |  |  | 32,962 |  |
Depreciation and amortization – Total segments |  |  |  |  | 20,423 |  |  |  |  |  | 18,475 |  |  |  |  |  | 18,264 |  |
Depreciation and amortization – Corporate |  |  |  |  | 3,029 |  |  |  |  |  | 3,129 |  |  |  |  |  | 3,189 |  |
Corporate costs |  |  |  |  | 29,323 |  |  |  |  |  | 27,315 |  |  |  |  |  | 25,945 |  |
Acquisition-related cost of goods sold |  |  |  |  | 2,566 |  |  |  |  |  | — |  |  |  |  |  | — |  |
Acquisition-related accrued compensation |  |  |  |  | 1,680 |  |  |  |  |  | 747 |  |  |  |  |  | — |  |
Acquisition-related transaction costs |  |  |  |  | 618 |  |  |  |  |  | — |  |  |  |  |  | — |  |
Loss on insurance claim |  |  |  |  | — |  |  |  |  |  | — |  |  |  |  |  | 5,350 |  |
Foreign currency (gains) losses, net |  |  |  |  | (7,609) |  |  |  |  |  | (5,400) |  |  |  |  |  | 1,753 |  |
Loss on extinguishment of debt |  |  |  |  | — |  |  |  |  |  | — |  |  |  |  |  | 22,771 |  |
Adjusted EBITDA – Total segments |  |  |  | $ | 143,383 |  |  |  |  | $ | 137,334 |  |  |  |  | $ | 116,542 |  |
As of June 30 |  |  | 2016 |  |  | 2015 |
Identifiable assets |  |  |  |  |  |  |  |  |  |  |  |  |
Animal Health |  |  |  | $ | 444,751 |  |  |  |  | $ | 349,345 |  |
Mineral Nutrition |  |  |  |  | 57,939 |  |  |  |  |  | 58,722 |  |
Performance Products |  |  |  |  | 21,557 |  |  |  |  |  | 21,888 |  |
Total segments |  |  |  |  | 524,247 |  |  |  |  |  | 429,955 |  |
Corporate |  |  |  |  | 86,126 |  |  |  |  |  | 63,363 |  |
Total |  |  |  | $ | 610,373 |  |  |  |  | $ | 493,318 |  |
The Animal Health segment includes all goodwill. The Animal Health segment includes advances to and investment in equity method investee of  $4,076 and $4,364 as of June 30, 2016 and 2015, respectively. The Performance Products segment includes an investment in equity method investee of $504 and $361 as of June 30, 2016 and 2015, respectively.

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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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 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=68060357&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 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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