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Acquisition (Tables) | 12 Months Ended
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Jun. 30, 2025
Acquisition |
Summary of preliminary allocation of purchase price to fair values assigned to assets acquired and liabilities assumed | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Initial | ​ | ​ | Measurement | ​ | ​ | Updated
​ |  | ​ | Purchase Price Allocation | ​ | ​ | Period Changes | ​ | ​ | Purchase Price Allocation
Assets acquired: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 11,018 | ​ | $ | - | ​ | $ | 11,018
Accounts receivable, net | ​ | ​ | 350 | ​ | ​ | - | ​ | ​ | 350
Inventories, net | ​ | ​ | 149,316 | ​ | ​ | (10,335) | ​ | ​ | 138,981
Property, plant and equipment | ​ | ​ | 139,603 | ​ | ​ | 5,361 | ​ | ​ | 144,964
Other assets (1) | ​ | ​ | 24,048 | ​ | ​ | (10,840) | ​ | ​ | 13,208
Goodwill (2) | ​ | ​ | - | ​ | ​ | 4,948 | ​ | ​ | 4,948
Total fair value of assets acquired | ​ | ​ | 324,335 | ​ | ​ | (10,866) | ​ | ​ | 313,469
Liabilities assumed: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts payable | ​ | ​ | 1,411 | ​ | ​ | - | ​ | ​ | 1,411
Accrued expenses and other current liabilities | ​ | ​ | 14,395 | ​ | ​ | (10,230) | ​ | ​ | 4,165
Other noncurrent liabilities | ​ | ​ | 6,686 | ​ | ​ | 3,660 | ​ | ​ | 10,346
Total fair value of liabilities assumed | ​ | ​ | 22,492 | ​ | ​ | (6,570) | ​ | ​ | 15,922
Fair value of net assets acquired | ​ | $ | 301,843 | ​ | $ | (4,296) | ​ | $ | 297,547
​
(1) | Includes current and noncurrent amounts.
(2) | Goodwill is reported within the Animal Health segment. Based on our preliminary assessment, an immaterial amount of the goodwill is currently expected to be deductible for tax purposes. Our assessment of the tax considerations regarding the Acquisition is not yet final and may be subject to change.
Schedule of pro forma results | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months | ​ | Twelve Months
For the Periods Ended June 30, |  | 2025 |  | 2024 |  | 2025 |  | 2024
Net sales | ​ | $ | 378,697 | ​ | $ | 359,921 | ​ | $ | 1,446,572 | ​ | $ | 1,402,984
Operating income | ​ | ​ | 33,718 | ​ | ​ | 46,082 | ​ | ​ | 153,863 | ​ | ​ | 125,303

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