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Business Segments | 12 Months Ended
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Jun. 30, 2022
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 a segment or segments and we refer to these items as Corporate. We do not allocate Corporate costs or assets to the other segments because they are not used to evaluate the segments’ operating results or financial position. Corporate costs include certain costs related to executive management, information 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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended June 30 | ​ | 2022 | ​ | 2021 | ​ | 2020
Net sales |  | ​ |  |  | ​ |  |  | ​ |
Animal Health | ​ | $ | 607,055 | ​ | $ | 545,716 | ​ | $ | 526,904
Mineral Nutrition | ​ |  | 259,512 | ​ |  | 220,560 | ​ |  | 214,412
Performance Products | ​ |  | 75,694 | ​ |  | 67,074 | ​ |  | 59,038
Total segments | ​ | $ | 942,261 | ​ | $ | 833,350 | ​ | $ | 800,354
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Animal Health | ​ | $ | 26,759 | ​ | $ | 25,839 | ​ | $ | 26,287
Mineral Nutrition | ​ |  | 2,616 | ​ |  | 2,690 | ​ |  | 2,522
Performance Products | ​ |  | 1,717 | ​ |  | 1,702 | ​ |  | 1,860
Total segments | ​ | $ | 31,092 | ​ | $ | 30,231 | ​ | $ | 30,669
Adjusted EBITDA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Animal Health | ​ | $ | 124,106 | ​ | $ | 123,953 | ​ | $ | 123,106
Mineral Nutrition | ​ |  | 24,038 | ​ |  | 17,116 | ​ |  | 14,678
Performance Products | ​ |  | 8,706 | ​ |  | 9,437 | ​ |  | 4,534
Total segments | ​ | $ | 156,850 | ​ | $ | 150,506 | ​ | $ | 142,318
Reconciliation of income before income taxes to Adjusted EBITDA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income before income taxes | ​ | $ | 72,327 | ​ | $ | 66,468 | ​ | $ | 55,512
Interest expense, net | ​ |  | 11,875 | ​ |  | 12,880 | ​ |  | 12,856
Depreciation and amortization – Total segments | ​ |  | 31,092 | ​ |  | 30,231 | ​ |  | 30,669
Depreciation and amortization – Corporate | ​ |  | 1,613 | ​ |  | 1,654 | ​ |  | 1,672
Corporate costs | ​ | ​ | 45,767 | ​ | ​ | 42,624 | ​ | ​ | 40,178
Gain on sale of investment | ​ | ​ | (1,203) | ​ | ​ | — | ​ | ​ | —
Acquisition-related cost of goods sold | ​ |  | 316 | ​ |  | — | ​ |  | 280
Acquisition-related transaction costs | ​ |  | 279 | ​ |  | — | ​ |  | 462
Acquisition-related other | ​ |  | — | ​ |  | — | ​ |  | (2,821)
Restructuring costs | ​ |  | — | ​ |  | — | ​ |  | 425
Stock-based compensation | ​ |  | — | ​ |  | 1,129 | ​ |  | 2,259
Foreign currency (gains) losses, net | ​ |  | (5,216) | ​ |  | (4,480) | ​ |  | 826
Adjusted EBITDA – Total segments | ​ | $ | 156,850 | ​ | $ | 150,506 | ​ | $ | 142,318
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2022 |  | 2021
Identifiable assets |  | ​ |  |  | ​ |
Animal Health | ​ | $ | 654,862 | ​ | $ | 595,315
Mineral Nutrition | ​ |  | 87,379 | ​ |  | 67,338
Performance Products | ​ |  | 39,490 | ​ |  | 36,847
Total segments | ​ |  | 781,731 | ​ |  | 699,500
Corporate | ​ |  | 149,968 | ​ |  | 141,825
Total | ​ | $ | 931,699 | ​ | $ | 841,325
​ ​ 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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2022 |  | 2021
Property, plant and equipment, net |  | ​ |  |  | ​ |
United States | ​ | $ | 57,605 | ​ | $ | 57,892
Israel | ​ |  | 63,971 | ​ |  | 58,648
Brazil | ​ |  | 22,981 | ​ |  | 16,114
Ireland | ​ | ​ | 15,596 | ​ | ​ | 17,315
Other | ​ |  | 5,337 | ​ |  | 4,737
​ | ​ | $ | 165,490 | ​ | $ | 154,706
​ ​ ​

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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