| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
Changes in accumulated other comprehensive income (loss) attributable to Bio-Techne, net of tax, are summarized as follows (in thousands):
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Unrealized |
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Gains |
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Foreign |
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(Losses) on |
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Currency |
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Derivative |
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Translation |
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Instruments |
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Adjustments |
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Total |
Balance June 30, 2019 |
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$ |
(9,537) |
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$ |
(73,983) |
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$ |
(83,521) |
Other comprehensive income (loss) before reclassifications |
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(7,179) |
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(9,963) |
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(17,142) |
Reclassification from loss on derivatives to interest expense, net of taxes(1) |
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3,464 |
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— |
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3,464 |
Balance June 30, 2020(3) |
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$ |
(13,253) |
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$ |
(83,946) |
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$ |
(97,199) |
Other comprehensive income (loss) before reclassifications, net of taxes, attributable to Bio-Techne(2) |
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100 |
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32,848 |
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32,948 |
Reclassification from loss on derivatives to interest expense, net of taxes, attributable to Bio-Techne(1) |
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6,960 |
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— |
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6,960 |
Balance as of June 30, 2021(3) |
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$ |
(6,193) |
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$ |
(51,098) |
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$ |
(57,291) |
Other comprehensive income (loss) before reclassifications, net of taxes, attributable to Bio-Techne(2) |
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9,403 |
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(32,171) |
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(22,768) |
Reclassification from loss on derivatives to interest expense, net of taxes, attributable to Bio-Techne(1) |
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4,859 |
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4,859 |
Balance as of June 30, 2022(3) |
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$ |
8,069 |
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$ |
(83,269) |
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$ |
(75,200) |
| (1) |
Gains (losses) on the interest swap will be reclassified into interest expense as payments on the derivative agreement are made. The Company reclassified $6,352 to interest expense and recorded a related tax benefit of $1,493 during fiscal 2022. The Company reclassified $8,598 to interest expense and $512 to non-operating income relating to variable interest payments that were probable not to occur for the fiscal year ended June 30, 2021. The Company also recorded a related tax benefit of $2,150 during fiscal 2021. The Company reclassified $4,503 to interest expense and a related tax benefit tax of $1,040 during fiscal 2020.
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| (2) |
Other comprehensive income related to foreign currency translation adjustments in the table above includes the amount attributable to Bio-Techne and excludes the $70 and $103 attributable to the non-controlling interest in Eminence as of June 30, 2022, and June 30, 2021, respectively.
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| (3) |
The Company had a net deferred tax liability of $2,480 as of June 30, 2022, and net deferred tax benefits of $1,908 and $4,058 as of June 30, 2021, and June 30, 2020, respectively.
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