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Balance Sheets-Additional Information

12 Months Ended

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

​

​	​	​	​	​	​	​
​	​	​		​	​
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.

​

​

​	​	​	​	​	​	​	​	​
​	​	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.

​

​	​	​	​	​	​	​
​		​		​	​
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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- References

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- Definition

The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/210/tableOfContent

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