Schedule of the Consolidated Changes in Equity |
Consolidated Changes in Equity (amounts in thousands):
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Bio-Techne Shareholders |
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Accumulated |
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Additional |
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Other |
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Common Stock |
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Paid-in |
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Retained |
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Comprehensive |
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Shares |
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Amount |
|
Capital |
|
Earnings |
|
Income(Loss) |
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Total |
Balances at June 30, 2024 |
|
158,216 |
|
$ |
1,582 |
|
$ |
820,337 |
|
$ |
1,325,247 |
|
$ |
(78,316) |
|
$ |
2,068,850 |
Net earnings |
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|
|
|
|
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|
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33,600 |
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|
33,600 |
Other comprehensive income (loss) |
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18,229 |
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|
18,229 |
Common stock issued for exercise of options |
|
577 |
|
|
6 |
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23,224 |
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(2,338) |
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20,892 |
Common stock issued for restricted stock awards |
|
50 |
|
|
1 |
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|
1 |
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(2,646) |
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(2,644) |
Cash dividends |
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(12,688) |
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(12,688) |
Stock-based compensation expense |
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|
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10,146 |
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|
10,146 |
Common stock issued to employee stock purchase plan |
|
35 |
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0 |
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|
2,227 |
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|
|
2,227 |
Employee stock purchase plan expense |
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38 |
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38 |
Balances at September 30, 2024 |
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158,878 |
|
$ |
1,589 |
|
$ |
855,973 |
|
$ |
1,341,175 |
|
$ |
(60,087) |
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$ |
2,138,650 |
Net earnings |
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|
34,890 |
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|
34,890 |
Other comprehensive income (loss) |
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(25,563) |
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|
(25,563) |
Share repurchases |
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(1,118) |
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|
(11) |
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(75,617) |
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|
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(75,628) |
Common stock issued for exercise of options |
|
132 |
|
|
1 |
|
|
5,183 |
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(20) |
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|
5,164 |
Common stock issued for restricted stock awards |
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24 |
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0 |
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0 |
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(993) |
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(993) |
Cash dividends |
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(12,736) |
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(12,736) |
Stock-based compensation expense |
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14,335 |
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|
14,335 |
Employee stock purchase plan expense |
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|
373 |
|
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|
373 |
Balances at December 31, 2024 |
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157,916 |
|
$ |
1,579 |
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$ |
875,864 |
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$ |
1,286,699 |
|
$ |
(85,650) |
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$ |
2,078,492 |
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Bio-Techne Shareholders |
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Accumulated |
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Additional |
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Other |
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Common Stock |
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Paid-in |
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Retained |
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Comprehensive |
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|
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Shares |
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Amount |
|
Capital |
|
Earnings |
|
Income(Loss) |
|
Total |
Balances at June 30, 2023 |
|
157,642 |
|
$ |
1,576 |
|
$ |
721,543 |
|
$ |
1,309,461 |
|
$ |
(66,064) |
|
$ |
1,966,516 |
Net earnings |
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|
50,993 |
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|
50,993 |
Other comprehensive income (loss) |
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(11,952) |
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|
(11,952) |
Common stock issued for exercise of options |
|
633 |
|
|
6 |
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|
12,877 |
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(15,460) |
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|
(2,577) |
Common stock issued for restricted stock awards |
|
47 |
|
|
1 |
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|
0 |
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|
(4,768) |
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|
|
|
|
(4,767) |
Cash dividends |
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|
|
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|
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(12,654) |
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|
|
|
(12,654) |
Stock-based compensation expense |
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|
|
|
|
|
|
9,981 |
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|
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|
|
9,981 |
Common stock issued to employee stock purchase plan |
|
33 |
|
|
1 |
|
|
2,093 |
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|
|
2,094 |
Employee stock purchase plan expense |
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|
112 |
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|
112 |
Balances at September 30, 2023 |
|
158,355 |
|
$ |
1,584 |
|
$ |
746,606 |
|
$ |
1,327,572 |
|
$ |
(78,016) |
|
$ |
1,997,746 |
Net earnings |
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|
|
|
27,465 |
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|
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|
27,465 |
Other comprehensive income (loss) |
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|
|
|
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|
|
14,355 |
|
|
14,355 |
Share repurchases |
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(1,397) |
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|
(14) |
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(80,028) |
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|
|
|
|
(80,042) |
Common stock issued for exercise of options |
|
157 |
|
|
1 |
|
|
4,914 |
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(1,074) |
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|
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|
|
3,841 |
Common stock issued for restricted stock awards |
|
27 |
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|
0 |
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|
0 |
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|
0 |
Cash dividends |
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|
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|
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(12,559) |
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|
(12,559) |
Stock-based compensation expense |
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|
|
|
|
12,413 |
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|
12,413 |
Employee stock purchase plan expense |
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|
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|
|
|
340 |
|
|
|
|
|
|
|
|
340 |
Balances at December 31, 2023 |
|
157,142 |
|
$ |
1,571 |
|
$ |
764,273 |
|
$ |
1,261,376 |
|
$ |
(63,661) |
|
$ |
1,963,559 |
|
Schedule of changes in Accumulated Other Comprehensive Income (Loss) |
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Three months ended December 31, 2024 (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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|
|
|
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Derivative |
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Translation |
|
|
|
|
|
Instruments |
|
Adjustments |
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Total |
Balance as of September 30, 2024, net of tax |
|
$ |
5,075 |
|
$ |
(65,162) |
|
$ |
(60,087) |
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
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Amounts before reclassifications |
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(1,689) |
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|
(26,021) |
|
|
(27,710) |
Amounts reclassified out |
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|
2,155 |
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|
660 |
|
|
2,815 |
Total other comprehensive income (loss), before tax |
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|
466 |
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(25,361) |
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(24,895) |
Tax (expense)/benefit |
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(511) |
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|
(157) |
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(668) |
Total other comprehensive income (loss), net of tax |
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(45) |
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(25,518) |
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|
(25,563) |
Balance as of December 31, 2024, net of tax |
|
$ |
5,030 |
|
$ |
(90,680) |
|
$ |
(85,650) |
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|
|
|
|
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Three months ended December 31, 2023 (in thousands): |
|
Unrealized |
|
|
|
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|
|
|
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Gains |
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Foreign |
|
|
|
|
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(Losses) on |
|
Currency |
|
|
|
|
|
Derivative |
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Translation |
|
|
|
|
|
Instruments |
|
Adjustments |
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Total |
Balance as of September 30, 2023 net of tax: |
|
$ |
12,512 |
|
$ |
(90,528) |
|
$ |
(78,016) |
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
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Amounts before reclassifications |
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|
(5,669) |
|
|
17,387 |
|
|
11,718 |
Amounts reclassified out |
|
|
2,620 |
|
|
837 |
|
|
3,457 |
Total other comprehensive income (loss), before tax |
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|
(3,049) |
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|
18,224 |
|
|
15,175 |
Tax (expense)/benefit |
|
|
(621) |
|
|
(199) |
|
|
(820) |
Total other comprehensive income (loss), net of tax |
|
|
(3,670) |
|
|
18,025 |
|
|
14,355 |
Balance as of December 31, 2023, net of tax |
|
$ |
8,842 |
|
$ |
(72,503) |
|
$ |
(63,661) |
|
|
|
|
|
|
|
|
|
|
Six months ended December 31, 2024 (in thousands): |
|
Unrealized |
|
|
|
|
|
|
|
|
Gains |
|
Foreign |
|
|
|
|
|
(Losses) on |
|
Currency |
|
|
|
|
|
Derivative |
|
Translation |
|
|
|
|
|
Instruments |
|
Adjustments |
|
Total |
Balance as of June 30, 2024, net of tax: |
|
$ |
8,102 |
|
$ |
(86,418) |
|
$ |
(78,316) |
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(6,699) |
|
|
(5,362) |
|
|
(12,061) |
Amounts reclassified out |
|
|
4,754 |
|
|
1,442 |
|
|
6,196 |
Total other comprehensive income (loss), before tax |
|
|
(1,945) |
|
|
(3,920) |
|
|
(5,865) |
Tax (expense)/benefit |
|
|
(1,127) |
|
|
(342) |
|
|
(1,469) |
Total other comprehensive income (loss), net of tax |
|
|
(3,072) |
|
|
(4,262) |
|
|
(7,334) |
Balance as of December 31, 2024, net of tax(1) |
|
$ |
5,030 |
|
$ |
(90,680) |
|
$ |
(85,650) |
|
|
|
|
|
|
|
|
|
|
Six months ended December 31, 2023 (in thousands): |
|
Unrealized |
|
|
|
|
|
|
|
|
Gains |
|
Foreign |
|
|
|
|
|
(Losses) on |
|
Currency |
|
|
|
|
|
Derivative |
|
Translation |
|
|
|
|
|
Instruments |
|
Adjustments |
|
Total |
Balance as of June 30, 2023, net of tax: |
|
$ |
12,862 |
|
$ |
(78,926) |
|
$ |
(66,064) |
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(7,956) |
|
|
5,252 |
|
|
(2,704) |
Amounts reclassified out |
|
|
5,159 |
|
|
1,535 |
|
|
6,694 |
Total other comprehensive income (loss), before tax |
|
|
(2,797) |
|
|
6,787 |
|
|
3,990 |
Tax (expense)/benefit |
|
|
(1,223) |
|
|
(364) |
|
|
(1,587) |
Total other comprehensive income (loss), net of tax |
|
|
(4,020) |
|
|
6,423 |
|
|
2,403 |
Balance as of December 31, 2023, net of tax(1) |
|
$ |
8,842 |
|
$ |
(72,503) |
|
$ |
(63,661) |
(1) The Company had a net deferred tax liability for its cash flow hedge of $1.6 million and $2.7 million as of December 31, 2024 and 2023, respectively.
|