Balance Sheets-Additional Information

3 Months Ended

Sep. 30, 2017

Balance Sheets Additional Information [Abstract]

4. Balance Sheets—Additional Information

As of	September 30, 2017			June 30, 2017
Inventories
Raw materials		$	57,719		$	54,861
Work-in-process			12,014			12,402
Finished goods			101,195			93,970
		$	170,928		$	161,233

In September 2017, we acquired a business for approximately $15,000, including approximately $3,500 paid subsequent to September 30, 2017. The business develops, manufactures and markets animal health products. We accounted for the acquisition as a business combination in accordance with ASC 805, Business Combinations. Pro forma information giving effect to the acquisition has not been provided because the results are not material to the consolidated financial statements. Net assets acquired included accounts receivable, inventories, property, plant and equipment, intangible assets, accounts payable and accrued expenses. We expect to refine the valuation of certain assets and liabilities during the measurement period. The business is included in the Animal Health segment.

Goodwill balances did not change during the three months ended September 30, 2017.

We evaluate our investments in equity method investees for impairment if circumstances indicate that the fair value of the investment may be impaired. The assets underlying a $3,802 equity investment are currently idled; we have concluded the investment is not currently impaired, based on expected future operating cash flows and/or disposal value.

As of	September 30, 2017			June 30, 2017
Accrued expenses and other current liabilities
Employee related		$	21,030		$	26,553
Commissions and rebates			4,964			6,443
Insurance related			1,522			1,515
Professional fees			3,513			3,823
Income and other taxes			3,631			3,035
Other			16,820			11,283
		$	51,480		$	52,652

As of	September 30, 2017			June 30, 2017
Accumulated other comprehensive income (loss)
Derivative instruments		$	2,064		$	2,686
Foreign currency translation adjustment			(40,323)			(43,556)
Unrecognized net pension gains (losses)			(17,928)			(18,059)
(Provision) benefit for income taxes on derivative instruments			(1,316)			(1,553)
(Provision) benefit for incomes taxes on long-term intercompany investments			8,166			8,166
(Provision) benefit for income taxes on pension gains (losses)			(3,171)			(3,121)
		$	(52,508)		$	(55,437)