Quarterly report [Sections 13 or 15(d)]

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

v3.25.1
Supplemental Equity and Accumulated Other Comprehensive Income (loss) Information (Tables)
9 Months Ended
Mar. 31, 2025
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

​

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

 

​

​

​

​

​

 

​

​

 

​

​

 

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 (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

Net earnings

​

​

​

​

​

​

​

​

​

​

22,588

​

​

​

​

​

22,588

Other comprehensive income

​

​

​

​

​

​

​

​

​

​

​

​

​

3,598

​

​

3,598

Share repurchases

​

(1,489)

​

​

(15)

​

​

​

​

​

(100,031)

​

​

​

​

​

(100,046)

Common stock issued for exercise of options

​

282

​

​

3

​

​

12,628

​

​

​

​

​

​

​

​

12,631

Common stock issued for restricted stock awards

​

9

​

​

1

​

​

1

​

​

(291)

​

​

​

​

​

(289)

Cash dividends

​

​

​

​

​

​

​

​

​

​

(12,580)

​

​

​

​

​

(12,580)

Stock-based compensation expense

​

​

​

​

​

​

​

11,355

​

​

​

​

​

​

​

​

11,355

Common stock issued to employee stock purchase plan

​

43

​

​

0

​

​

2,241

​

​

​

​

​

​

​

​

2,241

Employee stock purchase plan expense

​

​

​

​

​

​

​

35

​

​

​

​

​

​

​

​

35

Balances at March 31, 2025

 

156,761

​

$

1,568

​

$

902,124

​

$

1,196,385

​

$

(82,052)

​

$

2,018,025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Bio-Techne Shareholders    

    

  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Accumulated

​

​

​

​

​

​

​

​

​

​

Additional

​

​

​

​

Other

​

​

​

​

​

Common Stock

​

Paid-in

​

Retained

​

Comprehensive

​

​

​

​

​

Shares

​

Amount

​

Capital

​

Earnings

​

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 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

​

​

​

​

​

​

​

​

​

​

​

​

​

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

Net earnings

 

​

​

​

​

​

​

​

​

​

49,059

​

 

​

​

 

49,059

Other comprehensive loss

 

​

​

​

​

​

​

​

​

​

​

​

 

(11,646)

​

 

(11,646)

Common stock issued for exercise of options

 

372

​

 

4

​

 

15,761

​

 

​

​

 

​

​

 

15,765

Common stock issued for restricted stock awards

 

4

​

 

0

​

 

0

​

 

(168)

​

 

​

​

 

(168)

Cash dividends

 

​

​

​

​

​

 

​

​

 

(12,579)

​

 

​

​

 

(12,579)

Stock-based compensation expense

 

​

​

​

​

​

 

8,053

​

 

​

​

 

​

​

 

8,053

Common stock issued to employee stock purchase plan

​

36

​

​

1

​

​

2,251

​

​

​

​

​

​

​

​

2,252

Employee stock purchase plan expense

 

​

​

​

​

​

 

80

​

 

​

​

 

​

​

 

80

Balances at March 31, 2024

 

157,554

​

$

1,576

​

$

790,418

​

$

1,297,688

​

$

(75,307)

​

$

2,014,375

Schedule of changes in Accumulated Other Comprehensive Income (Loss)

​

​

​

​

​

​

​

​

​

​

​

Three months ended March 31, 2025 (in thousands):

​

Unrealized

​

​

​

​

​

​

​

​

Gains

​

Foreign 

​

​

​

​

​

(Losses) on

​

Currency

​

​

​

​

​

Derivative

​

Translation 

​

​

​

​

    

Instruments

    

Adjustments

    

Total

Balance as of December 31, 2024, net of tax

​

$

5,030

​

$

(90,680)

​

$

(85,650)

Other comprehensive income (loss), before tax:

​

​

​

​

​

​

​

​

​

Amounts before reclassifications

​

​

(3,079)

​

​

4,807

​

​

1,728

Amounts reclassified out

​

​

1,790

​

​

660

​

​

2,450

Total other comprehensive income (loss), before tax

​

​

(1,289)

​

​

5,467

​

​

4,178

Tax (expense)/benefit

​

​

(424)

​

​

(156)

​

​

(580)

Total other comprehensive income (loss), net of tax

​

 

(1,713)

​

​

5,311

​

​

3,598

Balance as of March 31, 2025, net of tax

​

$

3,317

​

$

(85,369)

​

$

(82,052)

​

​

​

​

​

​

​

​

​

​

​

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

​

Unrealized

​

​

​

​

​

​

​

​

Gains

​

Foreign 

​

​

​

​

​

(Losses) on

​

Currency

​

​

​

​

​

Derivative

​

Translation 

​

​

​

​

    

Instruments

    

Adjustments

    

Total

Balance as of December 31, 2023 net of tax:

​

$

8,842

​

$

(72,503)

​

$

(63,661)

Other comprehensive income (loss), before tax:

​

​

​

​

​

​

​

​

​

Amounts before reclassifications

​

​

(1,626)

​

​

(12,620)

​

​

(14,246)

Amounts reclassified out

​

​

2,570

​

​

837

​

​

3,407

Total other comprehensive income (loss), before tax

​

​

944

​

​

(11,783)

​

​

(10,839)

Tax (expense)/benefit

​

​

(609)

​

​

(198)

​

​

(807)

Total other comprehensive income (loss), net of tax

​

 

335

​

​

(11,981)

​

​

(11,646)

Balance as of March 31, 2024, net of tax

​

$

9,177

​

$

(84,484)

​

$

(75,307)

​

​

​

​

​

​

​

​

​

​

​

​

Nine months ended March 31, 2025 (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

​

​

(9,778)

​

​

(555)

​

​

(10,333)

Amounts reclassified out

​

​

6,544

​

​

2,102

​

​

8,646

Total other comprehensive income (loss), before tax

​

​

(3,234)

​

​

1,547

​

​

(1,687)

Tax (expense)/benefit

​

​

(1,551)

​

​

(498)

​

​

(2,049)

Total other comprehensive income (loss), net of tax

​

 

(4,785)

​

​

1,049

​

​

(3,736)

Balance as of March 31, 2025, net of tax(1)

​

$

3,317

​

$

(85,369)

​

$

(82,052)

​

​

​

​

​

​

​

​

​

​

​

Nine months ended March 31, 2024 (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

​

​

(9,582)

​

​

(7,368)

​

​

(16,950)

Amounts reclassified out

​

​

7,729

​

​

2,372

​

​

10,101

Total other comprehensive income (loss), before tax

​

​

(1,853)

​

​

(4,996)

​

​

(6,849)

Tax (expense)/benefit

​

​

(1,832)

​

​

(562)

​

​

(2,394)

Total other comprehensive income (loss), net of tax

​

 

(3,685)

​

​

(5,558)

​

​

(9,243)

Balance as of March 31, 2024, net of tax(1)

​

$

9,177

​

$

(84,484)

​

$

(75,307)

​

(1) The Company had a net deferred tax liability for its cash flow hedge of $1.0 million and $2.9 million as of March 31, 2025 and 2024, respectively.