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Balance Sheets-Additional Information | 12 Months Ended
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Jun. 30, 2025
Balance Sheets-Additional Information |
Balance Sheets-Additional Information | 5. Balance Sheets—Additional Information ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Accounts receivable, net | ​ | ​ | ​ | ​ | ​ | ​
Trade accounts receivable | ​ | $ | 230,240 | ​ | $ | 170,913
Reserve for credit losses | ​ | ​ | (2,257) | ​ | ​ | (1,461)
​ | ​ | $ | 227,983 | ​ | $ | 169,452
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Reserve for credit losses | ​ | ​ |  | ​ | ​ |
Balance at beginning of period | ​ | $ | 1,461 | ​ | $ | 1,590
Provision for estimated credit losses | ​ |  | 931 | ​ |  | 1,538
Effect of changes in exchange rates | ​ |  | 17 | ​ |  | (71)
Credit losses realized | ​ |  | (152) | ​ |  | (1,596)
Balance at end of period | ​ | $ | 2,257 | ​ | $ | 1,461
​
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​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Inventories, net | ​ | ​ | ​ | ​ | ​ |
Raw materials | ​ | $ | 162,626 | ​ | $ | 72,799
Work-in-process | ​ | ​ | 27,982 | ​ | ​ | 23,550
Finished goods | ​ | ​ | 253,817 | ​ | ​ | 169,562
​ | ​ | $ | 444,425 | ​ | $ | 265,911
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Property, plant and equipment, net | ​ | ​ | ​ | ​ | ​ | ​
Land | ​ | $ | 33,050 | ​ | $ | 30,624
Buildings and improvements | ​ |  | 175,892 | ​ |  | 120,173
Machinery and equipment | ​ | ​ | 391,992 | ​ | ​ | 273,965
Construction in progress | ​ |  | 32,716 | ​ |  | 23,892
​ | ​ |  | 633,650 | ​ |  | 448,654
Accumulated depreciation | ​ |  | (278,960) | ​ |  | (245,354)
​ | ​ | $ | 354,690 | ​ | $ | 203,300
​ Certain of our facilities in Israel are on leased land. These leases expire in calendar years 2039, 2045 and 2062. Property, plant and equipment, net includes internal-use software costs, net of accumulated amortization, of $3,672 and $3,123 at June 30, 2025 and 2024, respectively. ​ ​
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​ | ​ | Weighted- | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Average | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Useful Life | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | (Years) |  | 2025 |  | 2024
Intangibles, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Technology | ​ | 12 | ​ | $ | 92,601 | ​ | $ | 94,259
Product registrations, marketing and distribution rights | ​ | 9 | ​ | ​ | 18,935 | ​ | ​ | 18,117
Customer relationships | ​ | 12 | ​ | ​ | 30,414 | ​ | ​ | 30,418
Trade names, trademarks and other | ​ | 6 | ​ | ​ | 5,239 | ​ | ​ | 5,213
​ | ​ | ​ | ​ | ​ | 147,189 | ​ |  | 148,007
Accumulated amortization | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
Technology | ​ | ​ | ​ | ​ | (66,962) | ​ | ​ | (62,119)
Product registrations, marketing and distribution rights | ​ | ​ | ​ | ​ | (18,225) | ​ |  | (17,326)
Customer relationships | ​ | ​ | ​ | ​ | (20,667) | ​ |  | (19,001)
Trade names, trademarks and other | ​ | ​ | ​ | ​ | (4,866) | ​ |  | (4,528)
​ | ​ | ​ | ​ | ​ | (110,721) | ​ |  | (102,974)
​ | ​ | ​ | ​ | $ | 36,469 | ​ | $ | 45,033
For the year ended June 30, 2025, the decrease in technology intangible assets is due in part to a $885 non-cash write-off related to the closure of an immaterial business within the Animal Health segment that was recorded within selling, general, and administrative expenses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Goodwill |  | ​ |  | ​ |  |
Balance at beginning of period |  | $ | 54,557 | ​ | $ | 53,274
Acquisition |  | ​ | 4,948 | ​ |  | 1,397
Effect of changes in exchange rates | ​ | ​ | 140 | ​ | ​ | (114)
Balance at end of period |  | $ | 59,645 | ​ | $ | 54,557
The entire goodwill balance is reported in the Animal Health segment. ​
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As of June 30 |  | 2025 |  | 2024
Other assets | ​ | ​ | ​ | ​ | ​ | ​
ROU operating lease assets | ​ | $ | 41,339 |  | $ | 37,604
Deferred income taxes | ​ |  | 25,548 |  | ​ | 19,371
Deposits | ​ |  | 610 |  | ​ | 1,646
Insurance investments | ​ |  | 6,547 |  | ​ | 6,305
Equity method investments | ​ |  | 5,142 |  | ​ | 5,183
Derivative instruments | ​ | ​ | 89 | ​ | ​ | —
Debt issuance costs | ​ |  | 3,714 |  | ​ | 911
Other | ​ | ​ | 16,501 | ​ | ​ | 7,277
​ | ​ | $ | 99,490 |  | $ | 78,297
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Accrued expenses and other current liabilities |  | ​ |  |  | ​ |
Employee related | ​ | $ | 51,758 | ​ | $ | 37,612
Current operating lease liabilities | ​ |  | 9,127 | ​ |  | 7,460
Commissions and rebates | ​ | ​ | 23,274 | ​ | ​ | 7,875
Professional fees | ​ |  | 8,098 | ​ |  | 8,918
Income and other taxes | ​ | ​ | 8,397 | ​ | ​ | 2,931
Insurance-related | ​ |  | 1,655 | ​ |  | 1,265
Insurance premium financing | ​ | ​ | 5,476 | ​ | ​ | 5,185
Other | ​ |  | 31,237 | ​ |  | 17,540
​ | ​ | $ | 139,022 | ​ | $ | 88,786
In the table above, the liability for insurance premium financing has a fixed interest rate of 6.04% and requires monthly principal payments of $684 though March 2026. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Other liabilities | ​ | ​ | ​ | ​ | ​ | ​
Long-term operating lease liabilities | ​ | $ | 33,740 | ​ | $ | 29,915
Long-term and deferred income taxes | ​ |  | 19,471 | ​ | ​ | 14,218
Supplemental retirement benefits, deferred compensation and other | ​ | ​ | 5,526 | ​ | ​ | 6,678
U.S. pension plan | ​ |  | 1,795 | ​ |  | 2,237
International retirement plans | ​ |  | 3,532 | ​ |  | 3,212
Derivative instruments | ​ | ​ | 3,885 | ​ | ​ | —
Other long-term liabilities | ​ |  | 11,361 | ​ |  | 6,846
​ | ​ | $ | 79,310 | ​ | $ | 63,106
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Accumulated other comprehensive loss | ​ | ​ |  | ​ | ​ |
Derivative instruments | ​ | $ | (2,354) | ​ | $ | 13,104
Foreign currency translation adjustment | ​ |  | (113,452) | ​ |  | (124,004)
Unrecognized net pension losses | ​ |  | (12,392) | ​ |  | (13,012)
Provision for income taxes on derivative instruments | ​ |  | 649 | ​ |  | (3,304)
Benefit for income taxes on long-term intercompany investments | ​ | ​ | 8,166 | ​ | ​ | 8,166
Provision for income taxes on net pension losses | ​ | ​ | (4,635) | ​ | ​ | (4,477)
​ | ​ | $ | (124,018) | ​ | $ | (123,527)

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