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Business Segments
 9 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Business Segments
14.    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 and such costs are referred to as Corporate. We do not allocate such items to the principal segments because they are not used to evaluate their operating results or financial position. 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 herein.
     
Three Months
    
Nine Months
  
For the Periods Ended March 31
    
2016
    
2015
    
2016
    
2015
  
Net sales          
Animal Health
       $ 118,328         $ 117,346         $ 359,966         $ 353,356    
Mineral Nutrition
         53,029           57,320           166,351           171,509    
Performance Products
         12,104           12,829           36,037           38,776    
        $ 183,461         $ 187,495         $ 562,354         $ 563,641    
Depreciation and amortization          
Animal Health
       $ 4,246         $ 3,829         $ 11,951         $ 11,367    
Mineral Nutrition
         656           613           1,876           1,822    
Performance Products
         196           133           584           426    
Corporate
         758           781           2,267           2,335    
        $ 5,856         $ 5,356         $ 16,678         $ 15,950    
Adjusted EBITDA          
Animal Health
       $ 32,151         $ 29,629         $ 95,978         $ 90,379    
Mineral Nutrition
         4,012           3,761           11,361           10,994    
Performance Products
         490           994           568           2,192    
Corporate
         (6,987)           (6,888)           (22,100)           (20,583)    
        $ 29,666         $ 27,496         $ 85,807         $ 82,982    
Reconciliation of Adjusted EBITDA to income before income taxes
          
Adjusted EBITDA
       $ 29,666         $ 27,496         $ 85,807         $ 82,982    
Depreciation and amortization
         (5,856)           (5,356)           (16,678)           (15,950)    
Acquisition-related cost of goods sold
         (1,601)           —           (1,601)           —    
Acquisition-related accrued compensation
         (420)           (327)           (1,260)           (327)    
Acquisition-related transaction costs
         (618)           —           (618)           —    
Interest expense, net
         (4,265)           (3,602)           (12,051)           (10,607)    
Foreign currency gains (losses), net
         2,243           4,633           5,139           6,855    
Income before income taxes
       $ 19,149         $ 22,844         $ 58,738         $ 62,953    
 
As of
    
March 31,
2016
    
June 30,
2015
  
Identifiable assets      
Animal Health
       $ 433,754         $ 361,078    
Mineral Nutrition
         58,966           59,881    
Performance Products
         24,850           22,255    
Corporate
         72,311           50,104    
        $ 589,881         $ 493,318    
 
The Animal Health segment includes all goodwill of the Company. The Animal Health segment includes advances to and investment in an equity method investee of  $4,049 and $4,364 as of March 31, 2016 and June 30, 2015, respectively. The Performance Products segment includes an investment in an equity method investee of  $407 and $361 as of March 31, 2016 and June 30, 2015, respectively. Corporate includes all cash and cash equivalents.