5. Balance Sheets—Additional Information


	September 30,		June 30,
As of	2019		2019
Inventories
Raw materials	$	71,737	$	64,441
Work-in-process		8,934		10,699
Finished goods		123,202		123,182
	$	203,873	$	198,322


	September 30,		June 30,
As of	2019		2019
Goodwill roll-forward
Balance at beginning of period	$	27,348	$	27,348
Osprey acquisition		25,642		—
Balance at end of period	$	52,990	$	27,348


	September 30,		June 30,
As of	2019		2019
Other assets
Equity method investments	$	4,374	$	4,196
Insurance investments		5,521		5,431
Deferred financing fees		1,404		1,531
Deferred income taxes		17,357		16,770
ROU operating lease assets		20,830		—
Deposits		6,534		7,024
Indemnification asset		3,000		3,000
Other		8,017		7,496
	$	67,037	$	45,448

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 $3,446 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.


	September 30,		June 30,
As of	2019		2019
Accrued expenses and other current liabilities
Employee related	$	25,999	$	28,298
Current operating lease liabilities		6,267		—
Commissions and rebates		7,366		8,397
Insurance-related		1,274		1,279
Professional fees		3,993		5,212
Income and other taxes		3,655		6,067
Restructuring costs		2,655		3,590
Other		15,308		15,655
	$	66,517	$	68,498

During the three months ended June 30, 2019, we initiated business restructuring activities related to productivity and cost saving initiatives in the Animal Health segment. We recorded pre-tax charges of $6,281 for these activities, including $3,500 related to the termination of a contract manufacturing agreement and $2,781 for employee separation charges. As of June 30, 2019, $691 had been paid.

During the three months ended September 30, 2019, we recorded an additional $425 and paid $1,360 related to employee separation charges. Business restructuring activities during the three months ended September 30, 2019, are summarized in the below table:


Liability balance at June 30, 2019	$	5,590
Charges		425
Payments		(1,360)
Liability balance at September 30, 2019	$	4,655

The charges are included in selling, general and administrative expenses in our consolidated statements of operations. As of September 30, 2019, $2,655 was included in accrued expenses and other current liabilities and $2,000 was included in other liabilities. We expect to record an additional charge for employee separation costs of an estimated $500 and complete the additional separation actions by December 31, 2019.


	September 30,		June 30,
As of	2019		2019
Other liabilities
U.S. pension plan	$	3,545	$	3,934
International retirement plans		5,139		5,133
Supplemental retirement benefits, deferred compensation and other		7,713		7,605
Long term and deferred income taxes		9,022		8,978
Acquisition-related consideration		7,603		—
Long-term operating lease liabilities		15,546		—
Restructuring costs		2,000		2,000
Other long term liabilities		14,964		15,144
	$	65,532	$	42,794


	September 30,		June 30,
As of	2019		2019
Accumulated other comprehensive income (loss)
Derivative instruments	$	(1,678)	$	(594)
Foreign currency translation adjustment		(78,048)		(71,225)
Unrecognized net pension gains (losses)		(19,930)		(20,050)
(Provision) benefit for income taxes on derivative instruments		418		148
(Provision) benefit for incomes taxes on long-term intercompany investments		8,166		8,166
(Provision) benefit for income taxes on pension gains (losses)		(2,656)		(2,626)
	$	(93,728)	$	(86,181)