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Balance Sheets-Additional Information | 12 Months Ended
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Jun. 30, 2021
Balance Sheets Additional Information |
Balance Sheets-Additional Information | 5. Balance Sheets—Additional Information ​
. | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2021 |  | 2020
Accounts receivable, net | ​ | ​ | ​ | ​ | ​ | ​
Trade accounts receivable | ​ | $ | 150,659 | ​ | $ | 130,462
Allowance for doubtful accounts | ​ | ​ | (3,807) | ​ | ​ | (3,940)
​ | ​ | $ | 146,852 | ​ | $ | 126,522
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2021 |  | 2020 |  | 2019
Allowance for doubtful accounts | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Balance at beginning of period | ​ | $ | 3,940 | ​ | $ | 4,442 | ​ | $ | 6,257
Provision for bad debts | ​ |  | 105 | ​ |  | 230 | ​ |  | (201)
Effect of changes in exchange rates | ​ |  | 26 | ​ |  | (304) | ​ |  | 38
Bad debt write-offs | ​ |  | (264) | ​ |  | (428) | ​ |  | (1,652)
Balance at end of period | ​ | $ | 3,807 | ​ | $ | 3,940 | ​ | $ | 4,442
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2021 |  | 2020
Inventories | ​ | ​ | ​ | ​ | ​ |
Raw materials | ​ | $ | 59,775 | ​ | $ | 73,837
Work-in-process | ​ | ​ | 12,738 | ​ | ​ | 8,881
Finished goods | ​ | ​ | 143,799 | ​ | ​ | 113,941
​ | ​ | $ | 216,312 | ​ | $ | 196,659
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2021 |  | 2020
Property, plant and equipment, net | ​ | ​ | ​ | ​ | ​ | ​
Land | ​ | $ | 9,994 | ​ | $ | 9,796
Buildings and improvements | ​ |  | 80,408 | ​ |  | 69,444
Machinery and equipment | ​ |  | 287,355 | ​ |  | 267,805
​ | ​ |  | 377,757 | ​ |  | 347,045
Accumulated depreciation | ​ |  | (223,051) | ​ |  | (198,936)
​ | ​ | $ | 154,706 | ​ | $ | 148,109
​ Certain facilities in Israel are on leased land. The leases expire in 2023, 2035 and 2062. Property, plant and equipment, net includes internal-use software costs, net of accumulated depreciation, of $4,236 and $3,517 at June 30, 2021 and 2020, respectively. Machinery and equipment includes construction-in-progress of $23,659 and $25,582 at June 30, 2021 and 2020, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Weighted- | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Average | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Useful Life | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | (Years) |  | 2021 |  | 2020
Intangibles, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Technology | ​ | 12 | ​ | $ | 85,016 | ​ | $ | 85,016
Product registrations, marketing and distribution rights | ​ | 9 | ​ | ​ | 17,882 | ​ | ​ | 17,795
Customer relationships | ​ | 12 | ​ | ​ | 31,115 | ​ | ​ | 31,089
Trade names, trademarks and other | ​ | 5 | ​ | ​ | 3,857 | ​ | ​ | 3,857
​ | ​ | ​ | ​ | ​ | 137,870 | ​ |  | 137,757
Accumulated amortization | ​ | ​ | ​ | ​ | ​ | ​ |  |
Technology | ​ | ​ | ​ | ​ | (42,083) | ​ | ​ | (35,859)
Product registrations, marketing and distribution rights | ​ | ​ | ​ | ​ | (17,862) | ​ |  | (17,770)
Customer relationships | ​ | ​ | ​ | ​ | (12,588) | ​ |  | (10,336)
Trade names, trademarks and other | ​ | ​ | ​ | ​ | (3,055) | ​ |  | (2,795)
​ | ​ | ​ | ​ | ​ | (75,588) | ​ |  | (66,760)
​ | ​ | ​ | ​ | $ | 62,282 | ​ | $ | 70,997
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2021 |  | 2020
Goodwill |  | ​ |  | ​ |  |
Balance at beginning of period |  | $ | 52,679 | ​ | $ | 27,348
Osprey acquisition |  | ​ | — | ​ |  | 25,331
Balance at end of period |  | $ | 52,679 | ​ | $ | 52,679
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2021 |  | 2020
Other assets | ​ | ​ | ​ | ​ | ​ | ​
ROU operating lease assets | ​ | $ | 32,962 |  | $ | 22,873
Deferred income taxes | ​ |  | 9,861 |  | ​ | 11,430
Deposits | ​ |  | 5,663 |  | ​ | 5,158
Insurance investments | ​ |  | 5,964 |  | ​ | 5,801
Equity method investments | ​ |  | 4,141 |  | ​ | 4,219
Derivative instruments | ​ | ​ | 2,696 | ​ | ​ | —
U.S. pension plan | ​ |  | 1,184 |  | ​ | —
Indemnification asset | ​ |  | — |  | ​ | 3,000
Debt issuance costs | ​ |  | 1,811 |  | ​ | 1,021
Other | ​ | ​ | 8,467 | ​ | ​ | 6,976
​ | ​ | $ | 72,749 |  | $ | 60,478
​ 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 $2,740 equity investment are currently idle. We have concluded the investment is not impaired based on expected future operating cash flows and/or disposal value. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 | ​ | 2021 | ​ | 2020
Accrued expenses and other current liabilities |  | ​ |  |  | ​ |
Employee related | ​ | $ | 35,375 | ​ | $ | 25,825
Current operating lease liabilities | ​ |  | 6,618 | ​ |  | 6,439
Commissions and rebates | ​ | ​ | 6,312 | ​ | ​ | 5,782
Professional fees | ​ |  | 4,380 | ​ |  | 5,766
Income and other taxes | ​ | ​ | 6,107 | ​ | ​ | 3,821
Derivative instruments | ​ | ​ | 3,486 | ​ | ​ | 5,757
Contingent consideration | ​ |  | 4,840 | ​ |  | —
Restructuring costs | ​ |  | 735 | ​ |  | 2,314
Insurance-related | ​ |  | 1,176 | ​ |  | 1,272
Other | ​ |  | 17,350 | ​ |  | 15,421
​ | ​ | $ | 86,379 | ​ | $ | 72,397
​ During the year ended June 30, 2019, we recorded costs of $6,281 for business restructuring activities related to productivity and cost saving initiatives in the Animal Health segment, including $3,500 related to the termination of a contract manufacturing agreement and $2,781 for employee separation charges. During the year ended June 30, 2020, we recorded costs of $425 related to employee separation charges. The costs are included in selling, general and administrative expenses in our consolidated statements of operations. The following table summarizes the activity of the restructuring liability during the year ended June 30, 2021: ​
​ | ​ | ​ | ​
Liability balance at June 30, 2020 |  | $ | 2,860
Payments | ​ |  | (2,125)
Liability balance at June 30, 2021 | ​ | $ | 735
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2021 |  | 2020
Other liabilities | ​ | ​ | ​ | ​ | ​ | ​
Long-term operating lease liabilities | ​ | $ | 28,003 | ​ | $ | 17,276
Long-term and deferred income taxes | ​ |  | 6,646 | ​ | ​ | 11,680
Supplemental retirement benefits, deferred compensation and other | ​ | ​ | 8,382 | ​ | ​ | 8,067
International retirement plans | ​ |  | 5,345 | ​ |  | 5,499
U.S. pension plan | ​ |  | — | ​ |  | 3,563
Derivative instruments | ​ | ​ | — | ​ | ​ | 7,691
Contingent consideration | ​ | ​ | — | ​ | ​ | 4,840
Restructuring costs | ​ |  | — | ​ |  | 546
Other long-term liabilities | ​ |  | 7,594 | ​ |  | 11,239
​ | ​ | $ | 55,970 | ​ | $ | 70,401
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2021 |  | 2020
Accumulated other comprehensive income (loss) | ​ | ​ |  | ​ | ​ |
Derivative instruments | ​ | $ | (790) | ​ | $ | (13,448)
Foreign currency translation adjustment | ​ |  | (100,095) | ​ |  | (103,738)
Unrecognized net pension losses | ​ |  | (19,973) | ​ |  | (22,571)
Benefit for income taxes on derivative instruments | ​ |  | 97 | ​ |  | 3,256
Benefit for incomes taxes on long-term intercompany investments | ​ | ​ | 8,166 | ​ | ​ | 8,166
Provision for income taxes on net pension losses | ​ | ​ | (2,698) | ​ | ​ | (2,050)
​ | ​ | $ | (115,293) | ​ | $ | (130,385)
​

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