| Schedule of changes in Accumulated Other Comprehensive Income (Loss) |
Changes in Accumulated Other Comprehensive Income (Loss) attributable to Bio-Techne by component (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 as of June 30, 2021, net of tax: |
|
$ |
(6,193) |
|
$ |
(51,098) |
|
$ |
(57,291) |
Other comprehensive income (loss), before tax, attributable to Bio-Techne: |
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|
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|
|
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|
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Amounts before reclassifications (1) |
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|
19,121 |
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|
(32,171) |
|
|
(13,050) |
Amounts reclassified out |
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|
(6,352) |
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— |
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|
(6,352) |
Total other comprehensive income (loss), before tax, attributable to Bio-Techne: |
|
|
12,769 |
|
|
(32,171) |
|
|
(19,402) |
Tax benefit |
|
|
1,493 |
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|
— |
|
|
1,493 |
Total other comprehensive income (loss), net of tax, attributable to Bio-Techne: |
|
|
14,262 |
|
|
(32,171) |
|
|
(17,909) |
Balance as of June 30, 2022, net of tax(2) |
|
$ |
8,069 |
|
$ |
(83,269) |
|
$ |
(75,200) |
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|
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Other comprehensive income (loss), before tax, attributable to Bio-Techne: : |
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|
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Amounts before reclassifications (1) |
|
|
1,340 |
|
|
4,191 |
|
|
5,531 |
Amounts reclassified out |
|
|
4,526 |
|
|
152 |
|
|
4,678 |
Total other comprehensive income (loss), before tax, attributable to Bio-Techne: |
|
|
5,866 |
|
|
4,343 |
|
|
10,209 |
Tax expense |
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|
(1,073) |
|
|
— |
|
|
(1,073) |
Total other comprehensive income (loss), net of tax, attributable to Bio-Techne: |
|
|
4,793 |
|
|
4,343 |
|
|
9,136 |
Balance as of June 30, 2023, net of tax(2) |
|
$ |
12,862 |
|
$ |
(78,926) |
|
$ |
(66,064) |
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|
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|
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Other comprehensive income (loss), before tax: |
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|
|
|
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|
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|
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Amounts before reclassifications |
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|
(12,632) |
|
|
(9,941) |
|
|
(22,573) |
Amounts reclassified out |
|
|
10,317 |
|
|
3,210 |
|
|
13,527 |
Total other comprehensive income (loss), before tax |
|
|
(2,315) |
|
|
(6,731) |
|
|
(9,046) |
Tax expense |
|
|
(2,445) |
|
|
(761) |
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|
(3,206) |
Total other comprehensive income (loss), net of tax |
|
|
(4,760) |
|
|
(7,492) |
|
|
(12,252) |
Balance as of June 30, 2024, net of tax(2) |
|
$ |
8,102 |
|
$ |
(86,418) |
|
$ |
(78,316) |
| (1) |
Amounts before reclassifications related to foreign currency translation adjustments in the table above includes the amount attributable to Bio-Techne and excludes the $33 thousand and $70 thousand attributable to the non-controlling interest in Eminence as of June 30, 2023, and June 30, 2022, respectively.
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| (2) |
The Company had a net deferred tax liability for its cash flow hedge of $2.5 million, $4.0 million, and $2.5 million as of June 30, 2024, June 30, 2023 and June 30, 2022.
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