Quarterly report [Sections 13 or 15(d)]

Selected Balance Sheet Data

v3.26.1
Selected Balance Sheet Data
9 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Selected Balance Sheet Data

Note 3. Selected Balance Sheet Data:

Inventories:

Inventories consist of (in thousands):

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

​

June 30, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Raw materials

​

$

94,898

​

$

89,080

Finished goods(1)

​

 

111,890

​

 

106,188

Inventories

​

$

206,788

​

$

195,268

(1) Finished goods inventory of $5,613 and $5,822 is included within Other long-term assets in the respective March 31, 2026 and June 30, 2025. The inventory is included in long-term assets as it is forecasted to be sold after the 12 months subsequent to the Condensed Consolidated Balance Sheets dates.

Property and Equipment:

Property and equipment consist of (in thousands):

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

​

June 30, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Land

​

$

8,132

​

$

8,151

Buildings and improvements

​

 

258,172

​

 

254,355

Machinery and equipment

​

​

247,666

​

​

245,924

Construction in progress

​

 

19,837

​

 

23,420

Property and equipment, cost

​

 

533,807

​

 

531,850

Accumulated depreciation and amortization

​

 

(300,817)

​

 

(286,131)

Property and equipment, net

​

$

232,990

​

$

245,719

​

Intangible Assets:

Intangible assets consist of (in thousands):

​

​

​

​

​

​

​

​

​

March 31, 

​

June 30, 

​

​

2026

​

2025

Developed technology

 

$

578,976

​

$

620,062

Tradenames

 

 

94,340

​

 

152,648

Customer relationships

 

 

210,119

​

 

212,800

Patents

 

 

5,304

​

 

4,967

Other intangibles

 

 

7,144

​

 

7,174

Definite-lived intangible assets

​

 

895,883

​

 

997,651

Accumulated amortization

​

 

(576,809)

​

 

(632,052)

Total intangible assets, net

​

$

319,074

​

$

365,599

​

Changes to the carrying amount of net intangible assets for the period ended March 31, 2026 consist of (in thousands):

​

​

​

​

​

  ​ ​ ​

March 31, 

​

​

2026

Beginning balance

​

$

365,599

Other additions

​

 

338

Amortization expense

​

​

(46,561)

Currency translation

​

​

(302)

Ending balance

​

$

319,074

​

Amortization expense related to intangible assets was as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Ended

​

Nine Months Ended

​

​

March 31, 

​

March 31, 

​

​

2026

  ​ ​ ​

2025

​

2026

  ​ ​ ​

2025

Amortization expense

​

$

15,534

​

$

19,158

​

$

46,561

​

$

58,267

​

The estimated future amortization expense for intangible assets as of March 31, 2026 is as follows (in thousands):

​

​

​

​

Remainder 2026

  ​ ​ ​

$

15,219

2027

​

 

58,681

2028

​

 

54,950

2029

​

 

40,870

2030

​

 

26,911

Thereafter

​

 

122,443

Total

​

$

319,074

​

Goodwill:

Changes to the carrying amount of goodwill for the period ended March 31, 2026 consist of (in thousands):

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

  ​ ​ ​

Diagnostics and

  ​ ​ ​

​

​

​

Protein Sciences

​

 Spatial Biology

​

Total

June 30, 2025

​

$

426,776

​

$

554,159

​

$

980,935

Currency translation

​

 

(2,593)

​

​

(542)

​

​

(3,135)

March 31, 2026

​

$

424,183

​

$

553,617

​

$

977,800

​

We evaluate the carrying value of goodwill in the fourth quarter of each fiscal year and between annual evaluations if events occur or circumstances change that would indicate a possible impairment. The Company performed a qualitative goodwill impairment assessment for all of its reporting units during the fourth quarter of fiscal 2025. No indicators of impairment were identified as part of our assessment.

Other Assets:

Other assets consist of (in thousands):

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

​

June 30,

​

  ​ ​ ​

2026

​

2025

Equity method investment in Wilson Wolf

​

$

231,028

​

$

235,983

Long-term inventory

​

​

5,613

​

​

5,822

Investment in Spear Bio

​

​

15,000

​

​

15,000

Notes receivable(1)

​

​

8,119

​

​

2,184

Other

​

 

4,611

​

 

24,927

Other assets

​

$

264,371

​

$

283,916

(1) Amounts relate to the divestiture of our businesses held-for-sale.