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Balance Sheets-Additional Information

9 Months Ended

Mar. 31, 2021

Balance Sheets Additional Information

4. Balance Sheets—Additional Information


	March 31,		June 30,
As of	2021		2020
Inventories
Raw materials	$	61,457	$	73,837
Work-in-process		11,587		8,881
Finished goods		133,214		113,941
	$	206,258	$	196,659


	March 31,		June 30,
As of	2021		2020
Goodwill roll-forward
Balance at beginning of period	$	52,679	$	27,348
Osprey acquisition		—		25,331
Balance at end of period	$	52,679	$	52,679


	March 31,		June 30,
As of	2021		2020
Other assets
ROU operating lease assets	$	31,842	$	22,873
Deferred income taxes		8,245		11,430
Deposits		5,024		5,158
Insurance investments		5,891		5,801
Equity method investments		4,290		4,219
Fair value of derivative		2,705		—
Indemnification asset		—		3,000
Debt issuance costs		638		1,021
Other		7,363		6,976
	$	65,998	$	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 $2,583 equity investment are currently idle. We concluded the investment is not impaired based on expected future operating cash flows and disposal value.


	March 31,		June 30,
As of	2021		2020
Accrued expenses and other current liabilities
Employee-related	$	30,823	$	25,825
Current operating lease liabilities		6,354		6,439
Commissions and rebates		6,545		5,782
Professional fees		6,284		5,766
Income and other taxes		3,466		3,821
Derivatives		5,325		5,757
Contingent consideration		4,840		—
Restructuring costs		1,135		2,314
Insurance-related		1,360		1,272
Other		16,519		15,421
	$	82,651	$	72,397

In connection with productivity and cost-saving initiatives in the Animal Health segment, we incurred business restructuring costs related to the termination of a contract manufacturing agreement and employee separation charges.

The following table summarizes the activity of the restructuring liability during the nine months ended March 31, 2021:


Liability balance at June 30, 2020	$	2,860
Charges		—
Payments		(1,725)
Liability balance at March 31, 2021	$	1,135

As of March 31, 2021, $800 and $335 of the restructuring liability balance related to contract termination and employee separation costs, respectively.


	March 31,		June 30,
As of	2021		2020
Other liabilities
Long-term operating lease liabilities	$	27,007	$	17,276
Long-term and deferred income taxes		12,366		11,680
Supplemental retirement benefits, deferred compensation and other		8,463		8,067
International retirement plans		5,360		5,499
U.S. pension plan		1,349		3,563
Derivatives		261		7,691
Contingent consideration		—		4,840
Restructuring costs		—		546
Other long-term liabilities		8,613		11,239
	$	63,419	$	70,401


	March 31,		June 30,
As of	2021		2020
Accumulated other comprehensive income (loss)
Derivative instruments	$	(2,881)	$	(13,448)
Foreign currency translation adjustment		(108,083)		(103,738)
Unrecognized net pension losses		(22,155)		(22,571)
Benefit for income taxes on derivative instruments		615		3,256
Benefit for incomes taxes on long-term intercompany investments		8,166		8,166
Provision for income taxes on net pension losses		(2,154)		(2,050)
	$	(126,492)	$	(130,385)