Quarterly report pursuant to Section 13 or 15(d)

Supplemental Equity and Accumulated Other Comprehensive Income (loss) Information (Tables)

v3.25.0.1
Supplemental Equity and Accumulated Other Comprehensive Income (loss) Information (Tables)
6 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of the Consolidated Changes in Equity

Consolidated Changes in Equity (amounts in thousands):

    

Bio-Techne Shareholders    

    

Accumulated

Additional

Other

Common Stock

Paid-in

Retained

Comprehensive

Shares

Amount

Capital

Earnings

Income(Loss)

Total

Balances at June 30, 2024

 

158,216

$

1,582

$

820,337

$

1,325,247

$

(78,316)

$

2,068,850

Net earnings

 

 

 

33,600

 

 

33,600

Other comprehensive income (loss)

 

 

 

 

18,229

 

18,229

Common stock issued for exercise of options

 

577

 

6

 

23,224

 

(2,338)

 

 

20,892

Common stock issued for restricted stock awards

 

50

1

 

1

 

(2,646)

 

 

(2,644)

Cash dividends

 

 

 

(12,688)

 

 

(12,688)

Stock-based compensation expense

 

 

 

10,146

 

 

 

10,146

Common stock issued to employee stock purchase plan

 

35

0

 

2,227

 

 

 

2,227

Employee stock purchase plan expense

38

38

Balances at September 30, 2024

 

158,878

$

1,589

$

855,973

$

1,341,175

$

(60,087)

$

2,138,650

Net earnings

 

34,890

 

34,890

Other comprehensive income (loss)

(25,563)

(25,563)

Share repurchases

 

(1,118)

(11)

(75,617)

 

(75,628)

Common stock issued for exercise of options

 

132

1

5,183

(20)

 

5,164

Common stock issued for restricted stock awards

 

24

0

0

(993)

 

(993)

Cash dividends

 

(12,736)

 

(12,736)

Stock-based compensation expense

 

14,335

 

14,335

Employee stock purchase plan expense

373

373

Balances at December 31, 2024

 

157,916

$

1,579

$

875,864

$

1,286,699

$

(85,650)

$

2,078,492

    

Bio-Techne Shareholders    

    

  

Accumulated

Additional

Other

Common Stock

Paid-in

Retained

Comprehensive

Shares

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

 

 

 

50,993

 

 

50,993

Other comprehensive income (loss)

 

 

 

 

(11,952)

 

(11,952)

Common stock issued for exercise of options

 

633

 

6

 

12,877

 

(15,460)

 

 

(2,577)

Common stock issued for restricted stock awards

 

47

1

 

0

 

(4,768)

 

 

(4,767)

Cash dividends

 

 

 

(12,654)

 

 

(12,654)

Stock-based compensation expense

 

 

 

9,981

 

 

 

9,981

Common stock issued to employee stock purchase plan

 

33

1

 

2,093

 

 

 

2,094

Employee stock purchase plan expense

112

112

Balances at September 30, 2023

 

158,355

$

1,584

$

746,606

$

1,327,572

$

(78,016)

$

1,997,746

Net earnings

 

27,465

 

27,465

Other comprehensive income (loss)

14,355

14,355

Share repurchases

 

(1,397)

(14)

(80,028)

 

(80,042)

Common stock issued for exercise of options

 

157

1

4,914

(1,074)

 

3,841

Common stock issued for restricted stock awards

 

27

0

0

 

0

Cash dividends

 

(12,559)

 

(12,559)

Stock-based compensation expense

 

12,413

 

12,413

Employee stock purchase plan expense

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)

Three months ended December 31, 2024 (in thousands):

Unrealized

Gains

Foreign 

(Losses) on

Currency

Derivative

Translation 

    

Instruments

    

Adjustments

    

Total

Balance as of September 30, 2024, net of tax

$

5,075

$

(65,162)

$

(60,087)

Other comprehensive income (loss), before tax:

Amounts before reclassifications

(1,689)

(26,021)

(27,710)

Amounts reclassified out

2,155

660

2,815

Total other comprehensive income (loss), before tax

466

(25,361)

(24,895)

Tax (expense)/benefit

(511)

(157)

(668)

Total other comprehensive income (loss), net of tax

 

(45)

(25,518)

(25,563)

Balance as of December 31, 2024, net of tax

$

5,030

$

(90,680)

$

(85,650)

Three months ended December 31, 2023 (in thousands):

Unrealized

Gains

Foreign 

(Losses) on

Currency

Derivative

Translation 

    

Instruments

    

Adjustments

    

Total

Balance as of September 30, 2023 net of tax:

$

12,512

$

(90,528)

$

(78,016)

Other comprehensive income (loss), before tax:

Amounts before reclassifications

(5,669)

17,387

11,718

Amounts reclassified out

2,620

837

3,457

Total other comprehensive income (loss), before tax

(3,049)

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.