| Balance Sheets-Additional Information |
5. Balance Sheets—Additional Information | | | | | | | As of June 30 | | 2026 | | 2025 | Accounts receivable, net | | | | | | | Trade accounts receivable | | $ | 240,964 | | $ | 230,240 | Allowance for credit losses | | | (2,170) | | | (2,257) | | | $ | 238,794 | | $ | 227,983 |
| | | | | | | As of June 30 | | 2026 | | 2025 | Allowance for credit losses | | | | | | | Balance at beginning of period | | $ | 2,257 | | $ | 1,461 | Provision for estimated credit losses | | | 281 | | | 931 | Effect of changes in exchange rates | | | 71 | | | 17 | Credit losses realized | | | (439) | | | (152) | Balance at end of period | | $ | 2,170 | | $ | 2,257 |
| | | | | | | | | | | | As of June 30 | | 2026 | | 2025 | Inventories, net | | | | | | | Raw materials | | $ | 194,967 | | $ | 162,626 | Work-in-process | | | 26,957 | | | 27,982 | Finished goods | | | 312,959 | | | 253,817 | | | $ | 534,883 | | $ | 444,425 |
| | | | | | | As of June 30 | | 2026 | | 2025 | Property, plant and equipment, net | | | | | | | Land | | $ | 33,028 | | $ | 33,050 | Buildings and improvements | | | 196,185 | | | 175,892 | Machinery and equipment | | | 414,431 | | | 391,992 | Construction in progress | | | 40,894 | | | 32,716 | | | | 684,538 | | | 633,650 | Accumulated depreciation | | | (315,364) | | | (278,960) | | | $ | 369,174 | | $ | 354,690 |
Certain of our facilities in Israel are on leased land. These leases expire in calendar years 2039, 2045 and 2062. In March 2026, we entered into a lease for an industrial facility in Beit Shemesh, Israel, consisting of production, warehouse and office space. The lease has an initial noncancelable term of 10 years, with options to extend the lease through January 2051. Property, plant and equipment, net includes internal-use software costs, net of accumulated amortization, of $5,576 and $3,672 at June 30, 2026 and 2025, respectively. | | | | | | | | | | | Weighted- | | | | | | | | | Average | | | | | | | | | Useful Life | | | | | | | As of June 30 | | (Years) | | 2026 | | 2025 | Intangibles, net | | | | | | | | | Cost | | | | | | | | | Technology | | 12 | | $ | 93,075 | | $ | 92,601 | Product registrations, marketing and distribution rights | | 9 | | | 19,855 | | | 18,935 | Customer relationships | | 12 | | | 30,429 | | | 30,414 | Trade names, trademarks and other | | 6 | | | 5,331 | | | 5,239 | | | | | | 148,690 | | | 147,189 | Accumulated amortization | | | | | | | | | Technology | | | | | (71,808) | | | (66,962) | Product registrations, marketing and distribution rights | | | | | (19,237) | | | (18,225) | Customer relationships | | | | | (22,352) | | | (20,667) | Trade names, trademarks and other | | | | | (5,241) | | | (4,866) | | | | | | (118,638) | | | (110,721) | | | | | $ | 30,052 | | $ | 36,469 |
For the year ended June 30, 2025, the balance of technology intangible assets includes the impact of 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 | | 2026 | | 2025 | Goodwill | | | | | | | Balance at beginning of period | | $ | 59,645 | | $ | 54,557 | Acquisition | | | — | | | 4,948 | Effect of changes in exchange rates | | | 400 | | | 140 | Balance at end of period | | $ | 60,045 | | $ | 59,645 |
The entire goodwill balance is reported in the Animal Health segment. | | | | | | | | | | | | As of June 30 | | 2026 | | 2025 | Other assets | | | | | | | ROU operating lease assets | | $ | 51,574 | | $ | 41,339 | Deferred income taxes | | | 17,011 | | | 25,548 | Deposits | | | 599 | | | 610 | Insurance investments | | | 4,070 | | | 6,547 | Equity method investments | | | 8,759 | | | 5,142 | Derivative instruments | | | 2,932 | | | 89 | Debt issuance costs | | | 3,323 | | | 3,714 | Other | | | 18,196 | | | 16,501 | | | $ | 106,464 | | $ | 99,490 |
| | | | | | | | | | | | As of June 30 | | 2026 | | 2025 | Accrued expenses and other current liabilities | | | | | | | Employee related | | $ | 65,549 | | $ | 51,758 | Current operating lease liabilities | | | 10,572 | | | 9,127 | Commissions and rebates | | | 20,435 | | | 23,274 | Professional fees | | | 6,240 | | | 8,098 | Income and other taxes | | | 22,127 | | | 8,397 | Insurance-related | | | 2,392 | | | 1,655 | Insurance premium financing | | | 6,881 | | | 5,476 | Other | | | 29,933 | | | 31,237 | | | $ | 164,129 | | $ | 139,022 |
In the table above, the liability for insurance premium financing has a fixed interest rate of 5.2% and requires monthly principal payments of $765 through March 2027. | | | | | | | | | | | | As of June 30 | | 2026 | | 2025 | Other liabilities | | | | | | | Long-term operating lease liabilities | | $ | 45,401 | | $ | 33,740 | Long-term and deferred income taxes | | | 25,010 | | | 19,471 | Supplemental retirement benefits, deferred compensation and other | | | 5,250 | | | 5,526 | U.S. pension plan | | | 1,115 | | | 1,795 | International retirement plans | | | 4,275 | | | 3,532 | Derivative instruments | | | — | | | 3,885 | Other long-term liabilities | | | 10,476 | | | 11,361 | | | $ | 91,527 | | $ | 79,310 |
| | | | | | | | | | | | As of June 30 | | 2026 | | 2025 | Accumulated other comprehensive loss | | | | | | | Derivative instruments | | $ | 4,923 | | $ | (2,354) | Foreign currency translation adjustment | | | (101,566) | | | (113,452) | Unrecognized net pension losses | | | (11,664) | | | (12,392) | Provision for income taxes on derivative instruments | | | (1,122) | | | 649 | Benefit for income taxes on long-term intercompany investments | | | 8,166 | | | 8,166 | Provision for income taxes on net pension losses | | | (4,814) | | | (4,635) | | | $ | (106,077) | | $ | (124,018) |
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