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Balance Sheets-Additional Information
6 Months Ended
Dec. 31, 2017
Balance Sheets Additional Information [Abstract]  
Balance Sheets-Additional Information
4.      Balance Sheets—Additional Information
As of
December 31,
2017
June 30,
2017
Inventories
Raw materials
$ 65,976 $ 54,861
Work-in-process
13,325 12,402
Finished goods
94,312 93,970
$ 173,613 $ 161,233
In September 2017, we acquired a business for $15,000. 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, goodwill, accounts payable, accrued expenses and other liabilities. Goodwill is not deductible for income tax purposes. We may further refine the determination of certain assets and liabilities during the measurement period. The business is included in the Animal Health segment.
As of
December 31,
2017
June 30,
2017
Goodwill roll-forward
Balance at beginning of period
$ 23,982 $ 21,121
Purchase price allocation adjustment
2,861
Acquisition
5,642
Balance at end of period
$ 29,624 $ 23,982
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 $3,905 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
December 31,
2017
June 30,
2017
Accrued expenses and other current liabilities
Employee related
$ 22,590 $ 26,553
Commissions and rebates
5,830 6,443
Insurance related
1,549 1,515
Professional fees
3,944 3,823
Income and other taxes
4,000 3,035
Other
15,086 11,283
$ 52,999 $ 52,652
As of
December 31,
2017
June 30,
2017
Accumulated other comprehensive income (loss)
Derivative instruments
$ 1,788 $ 2,686
Foreign currency translation adjustment
(45,328) (43,556)
Unrecognized net pension gains (losses)
(17,833) (18,059)
(Provision) benefit for income taxes on derivative instruments
(483) (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)
(3,195) (3,121)
$ (56,885) $ (55,437)