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Business Segments | 12 Months Ended
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Jun. 30, 2021
Business Segments |
Business Segments | 16. Business Segments 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 we refer to these items as Corporate. We do not allocate Corporate costs or assets to the segments because they are not used to evaluate the segments’ operating results or financial position. Corporate costs include certain costs related to executive management, business technology, legal, finance, human resources and business development. 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 (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. ​
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For the Year Ended June 30 |  | 2021 |  | 2020 |  | 2019
Net sales |  | ​ |  |  | ​ |  |  | ​ |
Animal Health | ​ | $ | 545,716 | ​ | $ | 526,904 | ​ | $ | 531,974
Mineral Nutrition | ​ |  | 220,560 | ​ |  | 214,412 | ​ |  | 233,782
Performance Products | ​ |  | 67,074 | ​ |  | 59,038 | ​ |  | 62,239
Total segments | ​ | $ | 833,350 | ​ | $ | 800,354 | ​ | $ | 827,995
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Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Animal Health | ​ | $ | 25,839 | ​ | $ | 26,287 | ​ | $ | 22,312
Mineral Nutrition | ​ |  | 2,690 | ​ |  | 2,522 | ​ |  | 2,319
Performance Products | ​ |  | 1,702 | ​ |  | 1,860 | ​ |  | 1,127
Total segments | ​ | $ | 30,231 | ​ | $ | 30,669 | ​ | $ | 25,758
Adjusted EBITDA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Animal Health | ​ | $ | 123,953 | ​ | $ | 123,106 | ​ | $ | 136,049
Mineral Nutrition | ​ |  | 17,116 | ​ |  | 14,678 | ​ |  | 15,712
Performance Products | ​ |  | 9,437 | ​ |  | 4,534 | ​ |  | 4,728
Total segments | ​ | $ | 150,506 | ​ | $ | 142,318 | ​ | $ | 156,489
Reconciliation of income before income taxes to Adjusted EBITDA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income before income taxes | ​ | $ | 66,468 | ​ | $ | 55,512 | ​ | $ | 71,505
Interest expense, net | ​ |  | 12,880 | ​ |  | 12,856 | ​ |  | 11,776
Depreciation and amortization – Total segments | ​ |  | 30,231 | ​ |  | 30,669 | ​ |  | 25,758
Depreciation and amortization – Corporate | ​ |  | 1,654 | ​ |  | 1,672 | ​ |  | 1,806
Corporate costs | ​ | ​ | 42,624 | ​ | ​ | 40,178 | ​ | ​ | 38,452
Stock-based compensation | ​ |  | 1,129 | ​ |  | 2,259 | ​ |  | 2,259
Restructuring costs | ​ |  | — | ​ |  | 425 | ​ |  | 6,281
Acquisition-related cost of goods sold | ​ |  | — | ​ |  | 280 | ​ |  | —
Acquisition-related transaction costs | ​ |  | — | ​ |  | 462 | ​ |  | 213
Acquisition-related other | ​ |  | — | ​ |  | (2,821) | ​ |  | —
Other, net | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,506)
Foreign currency (gains) losses, net | ​ |  | (4,480) | ​ |  | 826 | ​ |  | (55)
Adjusted EBITDA – Total segments | ​ | $ | 150,506 | ​ | $ | 142,318 | ​ | $ | 156,489
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​ | ​ | June 30, | ​ | June 30,
​ |  | 2021 |  | 2020
Identifiable assets |  | ​ |  |  | ​ |
Animal Health | ​ | $ | 595,315 | ​ | $ | 560,663
Mineral Nutrition | ​ |  | 67,338 | ​ |  | 65,686
Performance Products | ​ |  | 36,847 | ​ |  | 31,016
Total segments | ​ |  | 699,500 | ​ |  | 657,365
Corporate | ​ |  | 141,825 | ​ |  | 126,735
Total | ​ | $ | 841,325 | ​ | $ | 784,100
​ The Animal Health segment includes all goodwill of the Company. Corporate assets include cash and cash equivalents, short-term investments, debt issuance costs, income tax related assets and certain other assets. The geographic location of property, plant and equipment, net was: ​
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As of June 30 |  | 2021 |  | 2020
Property, plant and equipment, net |  | ​ |  |  | ​ |
United States | ​ | $ | 57,892 | ​ | $ | 59,778
Israel | ​ |  | 58,648 | ​ |  | 54,041
Brazil | ​ |  | 16,114 | ​ |  | 14,771
Ireland | ​ | ​ | 17,315 | ​ | ​ | 15,263
Other | ​ |  | 4,737 | ​ |  | 4,256
​ | ​ | $ | 154,706 | ​ | $ | 148,109
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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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